Navi Mutual Fund launches Navi Nifty Next 50 Index Fund

NFO period: 01^st January - 15^th January, 2022

Highlights of the NFO:

• Scheme type - An open-ended scheme replicating /tracking Nifty Next 50 Index


• Investment objective - The investment objective of the scheme is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the index as closely as possible, though subject to tracking error. The objective is that the performance of the NAV of the scheme should closely track the performance of the Nifty Next 50 Index over the same period subject to tracking error. However, there is no assurance that the investment objective of the scheme will be realized.


• Product suitability - This product is suitable for investors who are seeking capital appreciation over the long term. Equity and equity related securities covered by Nifty Next 50 Index. Return that corresponds to the performance of Nifty Next 50 Index, subject to tracking error.


• Minimum Application Amount - First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available - Regular Plan and Direct Plan having Growth Option only.


• Fund Manager - Mr. Pranav Vasa


• Benchmark - Nifty Next 50 Index TRI (Total Return Index)