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Navi Mutual Fund Launches Navi Nifty Next 50 Index Fund : NFO Closes on January 15

06 January 2022
2 minutes

Navi Mutual has launched a new fund offer for Navi Nifty Next 50 Index Fund. The fund is open for subscription between January 01, 2022, and January 15, 2022.

Read on to find out more about the NFO. 

Investment Objective

Navi Nifty Next 50 Index Fund is an open-ended equity scheme replicating/tracking Nifty Next 50 Index. 

Indicative Asset Allocation

Types of Instruments  Indicative allocation  

(% of total assets) 

Risk Profile
Minimum Maximum
Equities and equity related securities covered by

Nifty Next 50 Index

95% 100% Medium to High
Debt & Money Market Instruments  0% 5% Low to Medium 

Fund Details

Scheme name Navi Nifty Next 50 Index Fund  
Type of scheme An open-ended equity scheme replicating / tracking Nifty Next 50 Index
NFO Dates January 1 – January 15, 2022
Fund Managers Mr. Pranav Vasa 
Benchmark Nifty Next 50 Index TRI (Total Return Index)
Minimum Amount for Application during NFO Rs. 500/- and in multiples of Re. 1/- thereafter.
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 whichever is lower
Load a) Entry Load: N.A

b) Exit Load: Nil 

Plans Direct and Regular
Options Growth, Income Distribution cum Capital Withdrawal Option / IDCW Option.
Minimum SIP Amount 12 installments of Rs. 500/- each and in multiples of Rs. 100/- thereafter

Benchmark

Nifty Next 50 Index TRI (Total Return Index)

The NIFTY Next 50 Index represents the rest 50 companies from NIFTY 100 after excluding the NIFTY 50 companies.

A Total Return Index (TRI) reflects the returns on the index arising from: 

(a) Listed stock price movements and 

(b) Dividend receipts from those stocks.

The methodology also takes into account constituent changes in the index and corporate actions such as stock splits, rights issuance, etc., without affecting the index value. 

Fund Managers

Mr. Pranav Vasa 

Mr. Pranav Vasa has over 6 years of experience. In his past employment, he has worked with Birla Sun Life Insurance and he has been associated with Navi Mutual Fund since 2016.

Other funds managed by him are:

  • Navi Nifty 50 Index Fund
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