Navi MF launches Nifty Next 50 Index Fund with lowest ER in the category

Navi Mutual Fund on Monday introduced the launch of Navi Nifty Subsequent 50 Index Fund, which is an open-ended fairness scheme that can replicate the Nifty Subsequent 50 Index. 

The fund has an expense ratio of 0.12% for its direct plan, which is the bottom in comparison with some other comparable schemes within the passive funds class as of date.

The New Fund Provide (NFO) opened on 1 January 2022 and can shut for subscriptions on 15 January. Navi MF had launched Navi Nifty 50 Index Fund in July final yr that had collected over 100 crore in its NFO.

The corporate stated Navi Nifty Subsequent 50 Fund gives publicity to the Nifty 50 corporations of the long run, including that out of the 75 shares that graduated to the Nifty 50 Index within the final 19 years, 51 have been from the Nifty Subsequent 50 Index. The Nifty Subsequent 50 index CAGR over 1-year, 5-year and 10-year funding horizon stands at are 57.7%, 14.4% and 17.1%, respectively, the corporate stated in its assertion. “Furthermore, investing in a mix of Nifty Subsequent 50 & Nifty 50 gives the next danger adjusted return than investing in Nifty 50 alone, over the long run,” it stated

The fund gives buyers publicity to companies providing monetary companies past conventional banks, akin to asset administration, bank card and common insurance coverage, corporations targeted on a cleaner and renewable vitality supply and companies within the healthcare sector.

Commenting on the launch, an organization spokesperson stated buyers sometimes top-up their Nifty 50 fund investments with Nifty Subsequent 50 funds to realize a better-blended large-cap portfolio and this fund may be anticipated to ship higher risk-adjusted returns in comparison with the Nifty 50 fund alone.

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