Navi launched a new index fund offer, available from 03rd July onwards

Navi Mutual Fund
Scheme Name Navi Nifty 50 Index Fund
Objective of Scheme The investment objective of the scheme is to achieve return equivalent to Nifty 50 Index by investing in stocks of companies comprising Nifty 50 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.
Scheme Type Open Ended
Scheme Category Other Scheme – Index Funds
New Fund Launch Date 03-Jul-2021
New Fund Earliest Closure Date 12-Jul-2021
New Fund Offer Closure Date 12-Jul-2021
Indicate Load Separately Entry Load: NIL Exit Load: NIL
Minimum Subscription Amount Rs.500/-
For Further Details Please Visit Website

Source from:

Mutual Funds Based on Asset Class

Index Fund: These are funds that invest in instruments that represent a particular index on an exchange so as to mirror the movement and returns of the index e.g. buying shares representative of the BSE Sensex.

Mutual Funds Based on Structure

Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News & Article

Financial Advisory Services at Your Door Step.

If your occcupied don't have time to plan your financial investment we are here to guide.