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Navi Mutual Fund

Navi AMC (formerly Essel mutual fund) is founded by Sachin Bansal (co-founder and ex-Chairman of Flipkart) and Ankit Agarwal (ex-banker with Deutsche Bank and Bank of America). The AMC's sponsor is Anmol Como Broking Private Limited and it is registered with the Securities & Exchange Board of India (SEBI) under the same name. The investment manager of Navi Mutual Funds is Navi AMC Limited and the trustee to Navi AMC Limited is Navi Trustee Limited. Not only confined to Navi AMC, Navi also offers a plethora of financial services and products including Personal Loans, Home Loans, vehicle Loans (two wheeler), SME Business Loans and also General Insurance.

Navi AMC was started in December 2018 with a mission to make financial services hassle-free, affordable and simply accessible. It leverages a technology-driven and customer-centric approach to establish products in the financial services space. In January 2021, Navi acquired Essel Finance Mutual Fund and renamed it to Navi.

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Navi Nifty Bank Index FundOtherVery HighN.A5₹20
Navi Liquid FundDebtModerate3.9%4₹88
Navi Large & Midcap FundEquityVery High11.2%3₹146
Navi Flexi Cap FundEquityVery High6.3%3₹197
Navi Large Cap Equity FundEquityVery High4.6%3₹100
Navi Equity Hybrid FundHybridVery High7.3%3₹93
Navi Nifty Midcap 150 Index FundOtherVery HighN.A3₹13
Navi 3 in 1 FundHybridVery High6.3%2₹17
Navi ELSS Tax Saver FundEquityVery High5.8%2₹60
Navi Regular Savings FundHybridModerate4.3%2₹28
Navi Ultra Short Term FundDebtLow to Moderate2.9%1₹13
Navi Nifty Next 50 Index FundOtherVery HighN.A₹48
Navi US Total Stock Market FoF FundOtherVery HighN.A₹138
Navi Nifty 50 Index FundOtherVery HighN.A₹303
Navi NASDAQ 100 FoF FundOtherVery HighN.A₹33
View All

Key information about Navi AMC Limited

Mutual fund nameNavi Mutual Fund
Asset management company nameNavi AMC Limited
AMC Setup DateNavi was setup in December 2018 but acquired Essel mutual fund in Jan 2021
AMC Incorporation DateDecember 2018
Sponsor nameAnmol Como Broking Private Limited
Trustee organisationNavi Trustee Limited
MD and CEOMr. Saurabh Jain
CIOMr. Saravana Kumar
Compliance OfficerMr. Madangopal Jalan

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How can you invest in ?

Follow the steps mentioned below to invest in Navi Mutual Fund online:

Step 1. Log-in to your Groww account or register to create a new one.

Step 2. Upload your identity proof documents - Voter ID, Aadhaar, PAN, Driving License, Passport, Central or State Government ID card, etc.

Step 3. Upload your address proof documents - any identity KYC document with your permanent address, etc.

Step 4. Select the period you want to invest in.

Step 5. Choose your preferred risk level - low, mid, or high.

Step 6. Select the Navi Mutual Fund you want to invest in.

Step 7. Click on “Invest One Time” if you want to invest a lump sum amount; click “Start SIP” if you want to invest via SIP.

Your Groww account will reflect the Navi Mutual Fund in India you have invested in within 3 to 4 working days.

Top Fund Managers

1. Mr. Saravana Kumar

Mr. Saravana Kumar is currently the Chief Investment Officer (CIO) at Navi Mutual Fund since 2019. He manages an AuM of Rs. 500 Crore invested in 22 schemes like Navi Multi Cap Fund, Navi Equity Hybrid Fund, etc.

Before joining Essel, Mr. Kumar was the CIO of LIC Mutual Fund. He has also worked with UTI Mutual Fund, SBI Mutual Fund, and ICICI Bank.

Mr. Kumar holds a BE in Electronics and Communication degree from the Government College of Engineering and an MBA degree from IIM Bangalore. He is also a CAIIB from the Indian Institute of Bankers and has completed the Management Development Programme (MDP) on Financial Markets from Merrill Lynch.

2. Mr. Pradeep Sukte

Mr. Pradeep Sukte is positioned as Dealer - Equity & Fund Manager of Navi Arbitrage Fund. Before working with Navi, he worked with Sahara Asset Management Co. Pvt. Ltd., IDFC Securities Limited, Quantum Securities Private Limited, UTI Securities Limited and HDFC Securities Limited. He is a B.Com graduate and has done CFA.

3. Mr. Girish Raj

With a rich experience spanning over 17 years of experience, Mr. Girish Raj works as an analyst in Portfolio Management Services and Broking industry. He has previously worked as Equity Analyst with leading companies including Quest, Independent Research Private Limited (IRPL) and IFCI Financial Services Ltd (IFIN).

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Navi Nifty Bank Index Fund Direct Growth

Fund Performance: The Navi Nifty Bank Index Fund comes under the Other category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Nifty Bank Index Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹20Cr
1Y ReturnsNA

Navi Liquid Fund Super Institutional Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.06% & 5.35%. The Navi Liquid Fund comes under the Debt category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Liquid Fund is ₹1,000 and for SIP, it is ₹500.

Min Investment Amt₹1,000
AUM₹88Cr
1Y Returns3.9%

Navi Large & Midcap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.54% & 12.04%. The Navi Large & Midcap Fund comes under the Equity category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Large & Midcap Fund is ₹1,000 and for SIP, it is ₹500.

Min Investment Amt₹1,000
AUM₹146Cr
1Y Returns11.2%

Navi Flexi Cap Fund Direct Growth

Fund Performance: The Navi Flexi Cap Fund comes under the Equity category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Flexi Cap Fund is ₹1,000 and for SIP, it is ₹500.

Min Investment Amt₹1,000
AUM₹197Cr
1Y Returns6.3%

Navi Large Cap Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 10.84% & 9.55%. The Navi Large Cap Equity Fund comes under the Equity category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Large Cap Equity Fund is ₹1,000 and for SIP, it is ₹500.

Min Investment Amt₹1,000
AUM₹100Cr
1Y Returns4.6%

Navi Equity Hybrid Fund Direct Growth

Fund Performance: The Navi Equity Hybrid Fund comes under the Hybrid category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Equity Hybrid Fund is ₹1,000 and for SIP, it is ₹500.

Min Investment Amt₹1,000
AUM₹93Cr
1Y Returns7.3%

Navi Nifty Midcap 150 Index Fund Direct Growth

Fund Performance: The Navi Nifty Midcap 150 Index Fund comes under the Other category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Nifty Midcap 150 Index Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹13Cr
1Y ReturnsNA

Navi 3 in 1 Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.1% & 8.98%. The Navi 3 in 1 Fund comes under the Hybrid category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi 3 in 1 Fund is ₹1,000 and for SIP, it is ₹500.

Min Investment Amt₹1,000
AUM₹17Cr
1Y Returns6.3%

Navi ELSS Tax Saver Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 10% & 9.3%. The Navi ELSS Tax Saver Fund comes under the Equity category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹60Cr
1Y Returns5.8%

Navi Regular Savings Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.1% & 6.28%. The Navi Regular Savings Fund comes under the Hybrid category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Regular Savings Fund is ₹1,000 and for SIP, it is ₹500.

Min Investment Amt₹1,000
AUM₹28Cr
1Y Returns4.3%

Navi Ultra Short Term Fund Super Institutional Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.16% & 5.39%. The Navi Ultra Short Term Fund comes under the Debt category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Ultra Short Term Fund is ₹1,000 and for SIP, it is ₹500.

Min Investment Amt₹1,000
AUM₹13Cr
1Y Returns2.9%

Navi Nifty Next 50 Index Fund Direct Growth

Fund Performance: The Navi Nifty Next 50 Index Fund comes under the Other category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Nifty Next 50 Index Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹48Cr
1Y ReturnsNA

Navi US Total Stock Market FoF Direct Growth

Fund Performance: The Navi US Total Stock Market FoF Fund comes under the Other category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi US Total Stock Market FoF Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹138Cr
1Y ReturnsNA

Navi Nifty 50 Index Fund Direct Growth

Fund Performance: The Navi Nifty 50 Index Fund comes under the Other category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi Nifty 50 Index Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹303Cr
1Y ReturnsNA

Navi NASDAQ 100 FoF Direct Growth

Fund Performance: The Navi NASDAQ 100 FoF Fund comes under the Other category of Navi Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Navi NASDAQ 100 FoF Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹33Cr
1Y ReturnsNA

FAQs on Navi Mutual Fund

How to Start Navi Mutual Fund SIP Online?

One can start investing in Navi Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in Navi Mutual Funds.

How to Calculate Navi Mutual Fund SIP?

To calculate Navi Mutual Fund SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your Navi Mutual Fund SIPs (if there's any) already paid
  4. expected interest rate

How to redeem Navi Mutual Fund?

To redeem Navi Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their Navi Mutual Fund investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An Navi Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an Navi Mutual Fund online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the Navi Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

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