Navi Mutual Fund is launching NFO under its “Index Funds”, named Navi NiftyIT Index Fund. The scheme is to achieve a return equivalent to the Nifty IT Index by investing in stocks of companies comprising the Nifty IT Index, subject to tracking error.
Investment strategy: The Scheme endeavours to invest in stocks in proportion to the weightage of these stocks in the Nifty IT Index.
Asset allocation: The scheme aims to invest in equity securities covered by the NIFTY Realty Index.
Who should invest?
Investors with very high risk appetite should invest in the Navi NiftyIT Index Fund for 5-7 years.
Risk associated: Very High level of risk.
Benchmark: NIFTY IT Index (TRI).
Fund Managers: Mr. Aditya Mulki and Mr. Ashutosh Shirwaikar
The NFO is available for subscription from March 11 to March 22. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹100/- and in multiples of any amount thereafter.
It offers a Regular Plan and a Direct Plan. Each plan offers Growth and Income options. Click here to invest in Navi NiftyIT Index Fund.
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