Navi Nifty 50 ETF NFO: Everything you need to know

13 Sep 2023 , 11:58 AM

Navi Mutual Fund is launching NFO under its “ETF category”, named as Navi Nifty 50 ETF. This open-ended scheme aims to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors.

Investment strategy: The investment strategy would revolve around reducing the tracking error to the least possible through regular rebalancing of the portfolio, taking into account the change in weights of stocks in the Index as well as the incremental collections / redemptions in the Scheme. 

Asset allocation: The scheme will predominantly invest in equity securities covered by the NIFTY 50 Index.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in ETF schemes should invest in Navi Nifty 50 ETF. 

Risk associated: Very High level of risk.

Benchmark: Nifty 50 Index

Fund Managers: Mr. Aditya Mulki and Mr. Ashutosh Shirwaikar.

The NFO is available for subscription from September 11 to September 15. 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 Rs 250/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Navi Nifty 50 ETF.