Navi Mutual Fund launches Navi Nifty Bank Index Fund

NFO period: 17^th January – 31^st January, 2022

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating /tracking Nifty Bank Index


• Investment objective – The investment objective of the scheme is to achieve return equivalent to Nifty Bank Index Index by investing in stocks of companies comprising Nifty Bank 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.


• Product suitability – This product is suitable for investors who are seeking capital appreciation over the long term equity and equity related securities covered by Nifty Bank Index. Return that corresponds to the performance of Nifty Bank Index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option only.


• Fund Manager – Mr. Pranav Vasa


• Benchmark – Nifty Bank Index TRI (Total Return Index)