Navi Nifty Next 50 Index Fund is an open-ended equity scheme replicating / tracking the Nifty Next 50 Index.
| Good to know What is an index fund? An index fund is a mutual fund designed to track or replicate an index, such as the Nifty50 or the Sensex. These funds try to match the risk and return of the market on the theory that the market will outperform any single investment in the long term. It follows a passive style of investing. |
Investment objective
The investment objective of the scheme is to invest in companies whose securities are included in Nifty Next 50 Index. The scheme will try to achieve the returns of the index as closely as possible, subject to tracking error. However, there is no assurance that the investment objective of the scheme will be realised.
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Asset allocation
| Instrument | Indicative Allocation | Risk profile | |
| Minimum | Maximum | ||
| Equities and equity related securities covered by the Nifty Next 50 index | 95% | 100% | Medium to High |
| Debt & money market instruments | 0% | 5% | Low to Medium |
Scheme details
| Name | Navi Nifty Next 50 Index Fund |
| Type | An open-ended equity scheme replicating / tracking the Nifty Next 50 index |
| Category | Equity |
| Benchmark | Nifty Next 50 Index TRI |
| Entry/exit load | Entry load: Nil Exit load: Nil |
| Fund Manager | Mr. Pranav Vasa |
| Minimum application amount | ₹500/- and in multiples of ₹1/- thereafter |
| Expense ratio | Up to 1.00% |
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| This product is suitable for investors who are seeking*: | Riskometer |
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**Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by navi mutual fund. To read the entire document, click here.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.