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NFO Alert-

“Navi AMC Launches Navi Nifty Bank Index Fund NFO. The fund is open for subscription between January 17, 2022, and January 31, 2022.

Read below for more details about the NFO!                

Basic Details About The NFO……

  • Fund Name- Navi Nifty Bank Index Fund NFO
  • Type- An open-ended Index fund.
  • Subscription open date- 17th January 2022
  • Subscription close date- 31st January 2022
  • Benchmark- NIFTY Bank Total Return Index
  • Minimum Amount for Application during NFO- Rs 500 and in multiples of Rs 1 after that.
  • Plans- Both Direct and Regular Plans are available
  • Options Available- Both Growth and Income Distribution Cum Capital Withdrawal Option (ICDW)

Investment Objective……

The investment objective of the scheme is to achieve a return equivalent to Nifty Bank Index by investing in stocks of companies comprising the Nifty Bank Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

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

Exit Load Trends In The NFO……

The fund has neither entry load nor exit load associated with it.

Fund Managers Of The NFO…….

The fund manager appointed to manage the new NFO is Mr. Pranav Vasa. He has more than 5 years of experience. In his past employment he has worked with Aditya Birla Sun Life Insurance Company Limited and he has been associated with the Navi Mutual Fund Since 2016.

Why Invest In This NFO?

Well, various reasons make these funds a good option to invest. Some optimal reasons are listed below: 

  • Benefits of passive investing 
  • Portfolio diversification 
  • Index rebalancing 
  • Historical performance of Nifty Next 50 compared to Nifty 50 and Nifty 100 

Note: Investors should consult their financial advisers if in doubt about whether the product is suitable for them or you can also get in touch with our executives for more suggestions.

Keep reading our article and stay updated with the latest news about Mutual Funds!

For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.

Happy Investing!

(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).