Navi Mutual Fund launches Navi Nifty India Manufacturing Index Fund

NFO period: 12^th August – 23^rd August, 2022

Highlights of the NFO:

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


• Investment objective – The investment objective of the scheme is to achieve return equivalent to Nifty India Manufacturing Index by investing in stocks of companies comprising Nifty India Manufacturing 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 India Manufacturing Index. Return that corresponds to the performance of Nifty India Manufacturing 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. Aditya Mulki


• Benchmark – Nifty India Manufacturing TRI (Total Return Index)