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.
Top Performing Navi Mutual Fund
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| Navi Large & Midcap Fund | Equity | Very High | 59.8% | 3star | ₹124 | |
| Navi 3 in 1 Fund | Hybrid | Very High | 28.9% | 3star | ₹18 | |
| Navi Long Term Advantage Fund | Equity | Very High | 44.4% | 3star | ₹65 | |
| Navi Equity Hybrid Fund | Hybrid | Very High | 32.1% | 3star | ₹114 | |
| Navi Regular Savings Fund | Hybrid | Moderate | 9.9% | 3star | ₹32 | |
| Navi Large Cap Equity Fund | Equity | Very High | 43.7% | 2star | ₹101 | |
| Navi Ultra Short Term Fund | Debt | Low to Moderate | 2.9% | 2star | ₹23 | |
| Navi Liquid Fund | Debt | Low to Moderate | 3.1% | 2star | ₹70 | |
| Navi Flexi Cap Fund | Equity | Very High | 50.3% | star | ₹202 | |
| View All Top Performing Navi Mutual Fund |
Key information
| Mutual fund | Navi Mutual Fund |
|---|---|
| Asset management company | Navi AMC Limited |
| Set up | Navi was setup in December 2018 but acquired Essel mutual fund in Jan 2021 |
| Incorporated | December 2018 |
| Sponsors | Anmol Como Broking Private Limited |
| Trustee | Navi Trustee Limited |
| MD and CEO | Mr. Saurabh Jain |
| CIO | Mr. Saravana Kumar |
| Compliance Officer | Mr. Madangopal Jalan |
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How can you invest in Navi Mutual Fund?
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 Large & Midcap Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Large & MidCap segment. It has given a commendable 15.42% annual returns in the last three years. In the previous year, it delivered 59.75% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹124Cr |
| 1Y Returns | 59.8% |
Navi 3 in 1 Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Multi Asset Allocation segment. It has given a commendable 12.41% annual returns in the last three years. In the previous year, it delivered 28.93% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹18Cr |
| 1Y Returns | 28.9% |
Navi Long Term Advantage Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in ELSS segment. It has given a commendable 11.57% annual returns in the last three years. In the previous year, it delivered 44.35% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹65Cr |
| 1Y Returns | 44.4% |
Navi Equity Hybrid Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Aggressive Hybrid segment. It has given a commendable 11.24% annual returns in the last three years. In the previous year, it delivered 32.14% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹114Cr |
| 1Y Returns | 32.1% |
Navi Regular Savings Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Conservative Hybrid segment. It has given a commendable 7.41% annual returns in the last three years. In the previous year, it delivered 9.94% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹32Cr |
| 1Y Returns | 9.9% |
Navi Large Cap Equity Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Large Cap segment. It has given a commendable 13.25% annual returns in the last three years. In the previous year, it delivered 43.68% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹101Cr |
| 1Y Returns | 43.7% |
Navi Ultra Short Term Fund Super Institutional Plan Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Ultra Short Duration segment. It has given a commendable 5.45% annual returns in the last three years. In the previous year, it delivered 2.92% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹23Cr |
| 1Y Returns | 2.9% |
Navi Liquid Fund Super Institutional Plan Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Liquid segment. It has given a commendable 5.05% annual returns in the last three years. In the previous year, it delivered 3.09% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹70Cr |
| 1Y Returns | 3.1% |
Navi Flexi Cap Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Flexi Cap segment. It has given a commendable 14.91% annual returns in the last three years. In the previous year, it delivered 50.25% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹202Cr |
| 1Y Returns | 50.3% |
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