Navi MF introduces Nifty 500 Multicap 50:25:25 Index Fund
Navi Mutual Fund has launched Navi Nifty 500 Multicap 50:25:25 Index Fund, an open-ended scheme replicating/ tracking Nifty 500 Multicap 50:25:25 index. The NFO opens for subscription on July 18, 2024 and closes on July 30, 2024. The Entry Load is not applicable and Exit Load will be nil for the scheme. The minimum subscription amount is Rs 10 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked with Nifty 500 Multicap 50:25:25 Index and its fund managers are Aditya Mulki and Ashutosh Shirwaikar.
The investment objective of the scheme is to achieve return equivalent to Nifty 500 Multicap 50:25:25 Index by investing in stocks of companies comprising Nifty 500 Multicap 50:25:25 Index, subject to tracking error.
