Navi MF introduces Nifty Smallcap250 Momentum Quality 100 Index Fund
Navi Mutual Fund has launched Navi Nifty Smallcap250 Momentum Quality 100 Index Fund, an open-ended scheme replicating/ tracking Nifty Smallcap250 Momentum Quality 100 TRI. The NFO opens for subscription on February 25, 2025 and closes on March 10, 2025. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked at Nifty Smallcap250 Momentum Quality 100 TRI (Total Return Index) and its fund manager is Ashutosh Shirwaikar.
The investment objective of the scheme is to achieve return equivalent to Nifty Smallcap250 Momentum Quality 100 Index by investing in stocks of companies comprising Nifty Smallcap250 Momentum Quality 100 TRI, subject to tracking error.
