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News Navi Mutual Fund launches Navi Nifty 500 Multicap 50:25:25 Index Fund
Jul 20, 2024
Mutual Fund
Navi Mutual Fund launches Navi Nifty 500 Multicap 50:25:25 Index Fund
NFO period: 18th July – 30th July, 2024
Highlights of the NFO:
- Scheme type – An open ended scheme replicating/ tracking Nifty 500 Multicap 50:25:25 index
- Investment objective – The investment objective of the scheme is to achieve return equivalent to Nifty 500 Multicap 50:25:25 Index by investing in stocks of companies comprising Nifty 500 Multicap 50:25:25 Index, subject to tracking error. There is no assurance that the investment objective of the scheme will be achieved.
- Product suitability – This product is suitable for investors who are seeking to create capital appreciation over long time. By investing in equity and equity related securities covered by Nifty 500 Multicap 50:25:25 Index. Return that corresponds to the performance of Nifty 500 Multicap 50:25:25 Index, subject to tracking error.
- Minimum Application Amount – First investment is Rs. 10/-and in multiples of Rs. 1/- thereafter
- Plan/ Options available – Direct Plan and Regular Plan having Growth option only.
- Fund Manager – Mr. Aditya Mulki and Mr. Ashutosh Shirwaikar
- Benchmark – Nifty 500 Multicap 50:25:25 Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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