Navi Mutual Fund
Navi Mutual Fund
Introduction to Navi Mutual Fund
Navi Mutual Fund, formerly known as Essel Finance Mutual Fund, was acquired and rebranded by Sachin Bansal (co-founder of Flipkart) and Ankit Agarwal in 2019, with the rebranding to Navi Mutual Fund occurring in April 2021. Navi AMC Limited is the investment manager for Navi Mutual Fund.
The fund house differentiates itself by aiming to make financial services simple, affordable, and accessible to a wider audience, leveraging technology for a seamless investment experience. A significant part of their strategy revolves around offering low-cost index funds and ETFs, making passive investing more accessible to Indian investors. Beyond mutual funds, Navi also has a broader presence in financial services, including personal loans, home loans, and general insurance.
Fund Manager
Navi Mutual Fund has a team of dedicated fund managers who oversee their various schemes. As of the latest information, some of the key fund managers include:
- Mr. Ashutosh Shirwaikar: He oversees most of the equity schemes as Navi's Head of Investments & Fund Manager. He has considerable experience in equity markets and research.
- Mr. Aditya Mulki: He is currently the CEO of Navi AMC Limited and also manages several funds, particularly international and some index funds.
- Mr. Tanmay Sethi: Manages certain debt components of hybrid funds.
- Ms. Surbhi Sharma: Manages some of the debt schemes.
These fund managers work to implement Navi's investment philosophy, which largely emphasizes passive strategies and cost efficiency.
Scope of Navi Mutual Fund
The scope of Navi Mutual Fund's operations in India is characterized by:
- Low-Cost Passive Investing: A primary focus on offering a range of index funds and ETFs with competitive expense ratios, making it an attractive option for investors who prefer passive investment strategies over actively managed funds.
- Diverse Fund Offerings: While known for passive funds, Navi also offers a selection of actively managed equity funds, hybrid funds, and debt funds to cater to various risk appetites and investment goals. This includes funds across different market capitalizations (large-cap, mid-cap, small-cap, flexi-cap) and sectors.
- Technology-Driven Approach: Utilizing technology to simplify the investment process, from KYC to investing and tracking, often through their dedicated app.
- Accessibility: Aiming to make mutual fund investments accessible to a broad spectrum of investors, often with low minimum investment amounts (e.g., as low as ₹100 for SIPs in some funds).
- International Exposure: Providing opportunities for Indian investors to gain exposure to global markets through their international Fund of Funds.
- Pan-India Presence: While technology-driven, their products are available to investors across India.
Navi Mutual Fund aims to be a modern asset management company that aligns with the evolving preferences of investors, particularly those seeking transparent, low-cost, and digitally accessible investment solutions.
List of Funds with Brief Explanation
Navi Mutual Fund offers a growing list of schemes across various categories. Here's a categorized list of some of their prominent funds with brief explanations. Please note that the specific fund names and their availability are subject to change, and it's always advisable to refer to the official Navi Mutual Fund website or their latest Scheme Information Documents (SIDs) for the most current information.
I. Equity Funds (Actively Managed): These funds aim to generate returns by actively managing a portfolio of equity and equity-related instruments.
- Navi Flexi Cap Fund: An open-ended equity scheme that invests across large-cap, mid-cap, and small-cap stocks. It gives the fund manager the flexibility to dynamically allocate assets across market capitalizations based on market conditions and opportunities.
- Navi Large & Midcap Fund: An open-ended equity scheme investing predominantly in a mix of large-capitalization and mid-capitalization companies, aiming for a balance of stability from large-caps and growth potential from mid-caps.
- Navi ELSS Tax Saver Fund: An Equity Linked Savings Scheme (ELSS) that offers tax benefits under Section 80C of the Income Tax Act. It invests primarily in equity and equity-related instruments with a mandatory 3-year lock-in period.
- Navi Large Cap Fund: Primarily invests in well-established, large-capitalization companies known for their stability and consistent growth.
II. Passive Funds (Index Funds & ETFs): Navi has a strong focus on low-cost passive funds that aim to replicate the performance of specific market indices.
- Navi Nifty 50 Index Fund: An open-ended index scheme that aims to track the Nifty 50 Index by investing in the same constituents and in the same proportion as the index. It offers broad market exposure to the top 50 Indian companies.
- Navi Nifty Next 50 Index Fund: An open-ended index scheme that tracks the Nifty Next 50 Index, which comprises the 50 companies after the Nifty 50, providing exposure to emerging large-cap companies.
- Navi Nifty Midcap 150 Index Fund: Tracks the Nifty Midcap 150 Index, offering diversified exposure to the mid-capitalization segment of the Indian market.
- Navi Nifty Bank Index Fund: An open-ended sectoral index fund that tracks the Nifty Bank Index, providing exposure to leading Indian banking sector stocks.
- Navi S&P BSE Sensex Index Fund: Aims to replicate the performance of the S&P BSE Sensex, tracking the 30 largest and most liquid companies listed on the BSE.
- Navi Nifty India Manufacturing Index Fund: A thematic index fund focused on companies that are expected to benefit from India's manufacturing growth.
- Navi Nifty IT Index Fund: A sectoral index fund that tracks the Nifty IT Index, providing exposure to the Indian information technology sector.
- Navi Nifty 500 Multicap 50:25:25 Index Fund: A multicap index fund that follows a specific asset allocation strategy, investing 50% in large-caps, 25% in mid-caps, and 25% in small-caps, by tracking the Nifty 500 Multicap 50:25:25 Index.
- Navi Nifty Smallcap 250 Momentum Quality 100 Index Fund: A factor-based index fund that invests in a selection of small-cap companies based on momentum and quality factors.
- Navi ELSS Tax Saver Nifty 50 Index Fund: An ELSS scheme that takes a passive approach, tracking the Nifty 50 Index for tax-saving and long-term capital growth.
III. International Equity Funds (Fund of Funds): These schemes invest in underlying international ETFs or funds, providing global market exposure.
- Navi NASDAQ 100 Fund of Fund: An open-ended Fund of Fund that invests in the Motilal Oswal NASDAQ 100 ETF (or other similar instruments), thereby providing exposure to the top 100 non-financial companies listed on the NASDAQ stock exchange in the USA.
- Navi US Total Stock Market Fund of Fund: Aims to provide exposure to the broader US equity market by investing in an underlying fund that tracks a comprehensive US total stock market index (like the CRSP US Total Stock Market Index).
IV. Hybrid Funds: These funds invest in a mix of equity and debt instruments to achieve a balance of growth and stability.
- Navi Aggressive Hybrid Fund: Invests predominantly in equity and equity-related instruments, with a smaller allocation to debt, aiming for long-term capital appreciation while providing some stability.
- Navi Conservative Hybrid Fund: Invests primarily in debt instruments, with a smaller allocation to equity, suitable for investors seeking stable income with some growth potential.
- Navi Multi Asset Fund: Diversifies investments across various asset classes, which may include equity, debt, and gold, to provide a balanced risk-adjusted return.
V. Debt Funds: These funds invest in fixed-income securities, aiming for income generation and capital preservation.
- Navi Liquid Fund: Invests in highly liquid money market instruments with very short maturities, ideal for parking idle cash for short periods.
- Navi Overnight Fund: Invests in overnight instruments, providing extremely high liquidity and minimal interest rate risk.
- Navi Ultra Short Term Fund: Invests in debt and money market instruments with a relatively short maturity profile, aiming for modest returns with low volatility.
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