Navi AMC Ltd has launched a new fund offer in the passive funds category, Navi NIFTY 50 Index Fund. The fund is open for subscription between July 3 and July 12, 2021.
Read on to find out more about the NFO.
Navi Nifty 50 Index Fund is an open-ended equity scheme tracking the Nifty 50 Index. However this is subject to tracking error. . There is no guarantee that the investment objective will be achieved.
An index fund is a portfolio of stocks designed to mimic the composition and performance of a financial market index.
Indicative Asset Allocation
|Types of Instruments||Indicative allocation (% of total assets)||Risk Profile|
|Equities and equity related securities covered by Nifty 50||95%||100%||Medium to High|
|Debt & Money Market Instruments||0%||5 %||Low to Medium|
|Scheme name||NAVI NIFTY 50 INDEX FUND|
|Type of scheme||An open-ended equity scheme replicating/tracking the Nifty 50 Index|
|NFO Dates||July 3, 2021 – July 12, 2021|
|Fund Managers||Mr. Girish Raj|
|Benchmark||Nifty 50 Index TRI|
|Minimum Amount for Application during NFO||Rs. 500/- and in multiples of Re. 1/- after that.|
|Minimum Additional Purchase Amount||Rs. 100/- and in multiples of Re. 1/-.|
|Minimum Redemption/Switch-Out Amount||Rs. 500/- or 100 Units or account balance,equity-related whichever is lower in respect of each Option.|
|Load||a) Entry Load: Not Applicable
b) Exit Load: Nil (redemption of units would be done on First in First out Basis (FIFO))
|Plans||Direct and Regular|
|Minimum SIP Amount||Rs. 500 and in multiples of Rs. 100 after that|
Nifty 50 Index TRI (Total Return Index)
The NIFTY 50 benchmark index represents the 50 of the largest Indian companies listed on the National Stock Exchange (NSE).
A Total Return Index reflects the returns on the index arising from:
(a) Listed stock price movements and
(b) Dividend receipts from those stocks.
Mr. Girish Raj
Mr. Girish Raj has experience of over 17 years as an analyst in the Portfolio Management Services and the broking industry. He has worked as an equity analyst with various companies in the past.
Other funds managed by him are:
- Navi 3 in 1 Fund (Equity Portion)
- Navi Long Term Advantage Fund.
Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.