Sachin Bansal’s maiden mutual fund scheme Navi Nifty 50 Index Fund Collects Over Rs. 100 Cr in NFO

Navi Mutual Fund, part of Sachin Bansal’s BFSI group Navi, managed to attract more than 17000 investors investing more than Rs 100 crore in new fund offer which was open from 3 July 2021 to 12 July 2021. The fund is now open for investments on on-ongoing basis.

The expense ratio offered by the fund at 0.06% for its direct plan offering, which is the lowest in the index schemes category so far. This was well-received by investor community. Navi Nifty 50 Index Fund NFO hit the Rs. 100 Cr mark in a short span of 10 days.

Saurabh Jain, MD and CEO, Navi AMC said, “The success of this launch is not only from the AUM of this NFO but also through the awareness that has spread across investors around index Fund investing and expense ratio.”