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. Currently the AMC handles assets worth Rs. 697.75 crores as of March 2022.
List of undefined in India
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
| Navi Liquid Fund | Debt | Moderate | 4.3% | 5 | ₹83 |
| Navi Large & Midcap Fund | Equity | Very High | 12.8% | 3 | ₹242 |
| Navi Flexi Cap Fund | Equity | Very High | 9.4% | 3 | ₹209 |
| Navi Equity Hybrid Fund | Hybrid | Very High | 8.1% | 3 | ₹88 |
| Navi Regular Savings Fund | Hybrid | Moderately High | 4.3% | 3 | ₹28 |
| Navi ELSS Tax Saver Fund | Equity | Very High | 6.9% | 2 | ₹59 |
| Navi Large Cap Equity Fund | Equity | Very High | -0.5% | 2 | ₹91 |
| Navi 3 in 1 Fund | Hybrid | Very High | 2.3% | 2 | ₹16 |
| Navi Ultra Short Term Fund | Debt | Low to Moderate | 3.0% | 1 | ₹12 |
| Navi Nifty Midcap 150 Index Fund | Other | Very High | N.A | ₹18 | |
| Navi Nifty Next 50 Index Fund | Other | Very High | N.A | ₹73 | |
| Navi US Total Stock Market FoF Fund | Other | Very High | N.A | ₹262 | |
| Navi Nifty Bank Index Fund | Other | Very High | N.A | ₹30 | |
| Navi Nifty 50 Index Fund | Other | Very High | 9.4% | ₹447 | |
| Navi NASDAQ 100 FoF Fund | Other | Very High | N.A | ₹166 | |
| View All |
Key information about Navi AMC Limited
| Mutual fund name | Navi Mutual Fund |
| Asset management company name | Navi AMC Limited |
| AMC Setup Date | Navi was setup in December 2018 but acquired Essel mutual fund in Jan 2021 |
| AMC Incorporation Date | December 2018 |
| Sponsor name | Anmol Como Broking Private Limited |
| Trustee organisation | Navi Trustee Limited |
| MD and CEO | Mr. Saurabh Jain |
| CIO | Mr. Saravana Kumar |
| Compliance Officer | Mr. Madangopal Jalan |
Why invest with Groww?
— Registered with SEBI, AMFI & BSE
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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 Navi, 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 Liquid Fund Super Institutional Plan Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 3.96% & 5.27%. 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 | ₹83Cr |
| 1Y Returns | 4.3% |
Navi Large & Midcap Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.89% & 14.46%. 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 | ₹242Cr |
| 1Y Returns | 12.8% |
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 | ₹209Cr |
| 1Y Returns | 9.4% |
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 | ₹88Cr |
| 1Y Returns | 8.1% |
Navi Regular Savings Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.94% & 6.46%. 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 Returns | 4.3% |
Navi ELSS Tax Saver Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.04% & 11.15%. 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 | ₹59Cr |
| 1Y Returns | 6.9% |
Navi Large Cap Equity Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.05% & 8.79%. 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 | ₹91Cr |
| 1Y Returns | -0.5% |
Navi 3 in 1 Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.36% & 8.96%. 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 | ₹16Cr |
| 1Y Returns | 2.3% |
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 3.97% & 5.28%. 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 | ₹12Cr |
| 1Y Returns | 3.0% |
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 | ₹18Cr |
| 1Y Returns | NA |
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 | ₹73Cr |
| 1Y Returns | NA |
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 | ₹262Cr |
| 1Y Returns | NA |
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 | ₹30Cr |
| 1Y Returns | NA |
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 | ₹447Cr |
| 1Y Returns | 9.4% |
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 | ₹166Cr |
| 1Y Returns | NA |
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:
- the investment amount
- the tenure of SIP
- the number of your Navi Mutual Fund SIPs (if there's any) already paid
- 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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