Navi Mutual Fund launches Navi Nifty 500 Multicap 50:25:25 Index Fund
20 Jul,   2024 By: Eastern Fin Research Team #Mutual 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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