Navi Mutual Fund, formerly known as Essel Mutual Fund, is managed by Navi AMC Limited. Anmol Conmo Broking Private Limited sponsors it. As of 31st March 2021, the total assets managed by this AMC have been valued at Rs.697.75 crore.
This AMC offers nearly 10 mutual fund schemes in debt, equity, and hybrid fund categories. This includes the best Navi equity mutual funds.
Equity mutual funds or growth funds primarily invest a majority of their corpus in equity shares of firms in specific proportions. These funds mandatorily need to invest a minimum of 65% of the corpus in stocks, while the remaining are invested in money-market or debt instruments.
Like any other mutual fund scheme, equity mutual funds pool resources for investing in stocks of companies depending on detailed market analysis and research. A high-risk factor accompanies these funds, but at the same time, they are capable of generating significant returns.
Investors can deposit their money in equity mutual funds through Systematic Investment Plans (SIP) or lump-sum. This invested amount further gets invested in different stocks on the investors’ behalf. The gains or losses resulting from those stocks get accrued. This, in turn, causes an impact on the Net Asset Value or NAV of a scheme. This is the crux of making investments in these fund schemes.
Equity fund schemes make investments based on their investment mandate. This implies that thematic equity schemes invest in companies around a particular theme, small-cap companies won’t invest in large-cap schemes, and so on. These funds can either be value or growth-based, and it determines how the stocks would get picked.
Presently, the AMC offers nearabout 5 equity MF schemes, including the best Navi equity mutual fund schemes.
Apart from being familiar with the best Navi equity mutual funds, clients must also take note of the taxability involved in these funds.
TDS: According to section 194K, TDS at 10% will be levied if an investor’s dividend income is more than Rs.5000 for a given financial year.
Short-term Capital Gains Tax (STCG tax): Short-term capital gains are earned by investors when they redeem their equity MF units within 12 months. Irrespective of the sum, these gains attract an STCG tax at a 15% rate.
Long-term Capital Gains Tax (LTCG tax): Clients earn long-term capital gains (LTCG) on redeeming units after a holding period of 12 months or more. If these capital gains lie within a limit of Rs.1 lakh a year, they are eligible for tax exemption. However, if it exceeds the limit, an LTCG tax is applicable at a rate of 10% without indexation benefits.
Besides taking note of the taxability parameters of the best Navi equity mutual funds, investors must also be aware of the below-mentioned factor
Investment objective: Every equity MF scheme is defined by an investment objective, which can be aggressive capital appreciation, stable returns, and the likes. To be able to select an apt scheme from the best Navi equity mutual funds 2022, one must evaluate this objective.
Experience of the fund manager: Experienced investors put considerable emphasis on a fund manager’s expertise. These managers are judged based on various parameters, including experience level, ability to identify scrips, etc. This is because a fund manager’s competence highly determines a fund’s performance.
Holding analysis: It reveals the assets, companies, and sectors in which a scheme has invested. As a result, investors can gauge the level of risk and returns to expect from a scheme premised on this aspect.
Past performance of a scheme: Though the past performance is not indicative of probable returns, it is a healthy practice to look into it. A fund’s past performance provides valuable insights into how it fared under different market conditions.
Risk appetite: The highly subjective risk tolerance depends on a client's psychological characteristics and financial situation. Clients must note that equity mutual funds are substantially risky in nature. In order to select the top Navi equity mutual funds, a client must consider their risk appetite.
Expense ratio: It is the fee that AMCs charge from investors to account for various management and operating costs. They include the fee of a fund manager as well.
Clients venturing into the investment domain for the first time might find it difficult to choose the most suitable fund from the best Navi equity mutual funds. However, considering this as a reference and having a basic knowledge of mutual funds can prove highly helpful.
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