Navi Mutual Fund launches Navi Nifty 500 Multicap 50:25:25 Index Fund

by News 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.)