Navi Mutual Fund launches Navi Nifty IT Index Fund

NFO period: 11^th March – 22^nd March, 2024

Highlights of the NFO:

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


• Investment objective – The investment objective of the scheme is to achieve a return equivalent to Nifty IT Index by investing in stocks of companies comprising Nifty IT Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


• 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 IT Index return that corresponds to the performance of Nifty IT index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 10/-and in multiples of Rs. 1/- thereafter


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


• Fund Manager – Mr. Aditya Mulki and Mr. Ashutosh Shirwaikar


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