Navi Mutual Fund launches Navi ELSS Tax Saver Nifty 50 Index Fund

NFO period: 14^th February – 28^th February, 2023

Highlights of the NFO:

• Scheme type – An open-ended passive equity linked saving scheme with a statutory lock in of 3 years and tax benefit replicating/tracking the Nifty 50 index


• Investment objective – The investment objective of the scheme is to invest in companies whose securities are included in Nifty 50 Index (the Index) and to endeavour to achieve the returns of the index, though subject to tracking error. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. However, there is no assurance that the investment objective of the Scheme will be realized.


• Product suitability – This product is suitable for investors who are seeking capital appreciation over long term by investing in stocks comprising the Nifty 50 Index in the same proportion as in the index to achieve returns equivalent to the Total Returns Index of Nifty 50 Index, subject to tracking error while offering deduction under Section 80C of IT Act, 1961.


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


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Payout of Income Distribution cum capital withdrawal option.


• Fund Manager – Mr. Aditya Mulki


• Benchmark – Nifty 50 TRI Index