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Navi Mutual Fund is a collaboration between Sachin Bansal, one of the co-founders of Flipkart, and Ankit Agarwal, a former banker from Bank of America and Deutsche Bank. The investment manager for Navi Mutual Fund is Navi AMC Limited, while its sponsor is Anmol Como Broking Private Limited. In 2019, the promoters acquired Essel Finance Mutual Fund, which was later renamed Navi Mutual Fund in April 2021. As of March 31, 2023, the company had assets worth ₹2,772 crore under its management.
Navi Mutual Fund offers a range of mutual fund schemes, classified into various categories such as equity, debt, hybrid, and other schemes. In terms of assets under management as of October 17, 2023, the fund’s top three schemes were the Navi Nifty 50 Index Fund, the Navi US Total Stock Market FoF, and the Navi NASDAQ 100 FoF.
| Founding date | December 4, 2009 |
| AMC Incorporation date | April 9, 2009 |
| Headquarters in | Bengaluru |
| Name of the sponsors | Anmol Como Broking Private Limited |
| Trustee organisation | Navi Trustee Limited |
| MD and CEO | Mr Rajiv Naresh |
| Chief Investment Officer | – |
| Compliance Officer | Mr Sweta Bharat Shah |
AM
Aditya Mulki
Fund Manager since Aug 2023 (8 months)
SS
Surbhi Sharma
Fund Manager since Jul 2023 (9 months)
Investing in the Navi Mutual Fund is hassle-free through your Angel One account. You just have to follow these steps:
Step 1: Log in to your Angel One account using your registered mobile number. Validate the OTP and finally enter your MPIN.
Note: If you do not have a Demat account with Angel One, you can open one in a few minutes by fulfilling the KYC procedure and submitting the necessary documents.
Step 2: Determine the most-suited fund based on your needs and risk profile. You can evaluate each fund under the mutual fund section on the Angel One app. Things to consider at this stage are:
Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund you want to invest in. At this stage, consider the following:
Investing in Navi Mutual Fund through Angel One is a streamlined and fully digital process, ensuring a seamless investment experience. To initiate your investment journey, it is imperative to complete the KYC process, for which you’ll need to furnish the following essential documents:
Angel One simplifies the KYC verification process, granting you swift and efficient access to Navi Mutual Fund, whether you’re a new or returning investor. Our user-friendly platform is designed to make your financial goals attainable. You can anticipate your KYC verification to be finalised in just 48-72 business hours, paving the way for you to embark on your mutual fund journey.
| Name of the Fund | Sub Category | AUM (₹ in crore) | Minimum Investment (₹) | CAGR 3Y (%) | CAGR 5Y (%) |
| Navi Large & Midcap Fund | Large & Mid Cap Fund | 270.21 | 10 | 26.8 | 18.08 |
| Navi Flexi Cap Fund | Flexi Cap Fund | 232.69 | 10 | 24.66 | 16.45 |
| Navi ELSS Tax Saver Fund | Equity Linked Savings Scheme (ELSS) | 60.95 | 0 | 21.47 | 14.24 |
| Navi Equity Hybrid Fund | Aggressive Hybrid Fund | 86.3 | 10 | 18.28 | 13 |
| Navi Regular Savings Fund | Conservative Hybrid Fund | 26.21 | 10 | 7.74 | 7.34 |
**All data as of October 4, 2023.
Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
Navi Large & Midcap Fund is categorised as a Large & Mid Cap Fund. The fund manages assets totalling ₹270.21 crore. Its expense ratio stands at 0.35%. Over a 3-year period, the fund has shown a Compound Annual Growth Rate (CAGR) of 26.8%. For investors, the minimum initial investment in this fund is ₹10. This fund typically invests in a mix of large-cap and mid-cap stocks, aiming to strike a balance between stability and growth.
Navi Flexi Cap Fund falls under the Flexi Cap Fund category. It manages assets worth ₹232.69 crore and maintains an expense ratio of 0.43%. Over a 3-year period, the fund has demonstrated a CAGR of 24.66%. The minimum investment required to get started with this fund is ₹10. As a Flexi cap fund, it has the flexibility to invest across market cap based on market conditions and potential returns.
Navi ELSS Tax Saver Fund operates as an Equity Linked Savings Scheme (ELSS). The fund manages assets valued at ₹60.95 crore and maintains an expense ratio of 0.39%. Over a 3-year span, the fund has exhibited a CAGR of 21.47%. There is no minimum investment amount specified for this fund. Being an ELSS fund, it offers tax benefits and primarily invests in equities.
Navi Equity Hybrid Fund falls into the category of Aggressive Hybrid Funds. It oversees an asset pool of ₹86.3 crore with an expense ratio of 0.42%. Over a 3-year duration, the fund has shown a CAGR of 18.28%. Investors can start with a minimum investment of ₹10. This fund follows a strategy that involves a blend of equity and debt investments, aiming for both capital appreciation and income generation.
Navi Regular Savings Fund operates as a Conservative Hybrid Fund. It manages assets amounting to ₹26.21 crore and holds an expense ratio of 0.39%. Over a 3-year period, the fund has achieved a CAGR of 7.74%. The minimum investment required for this fund is ₹10. As a conservative hybrid fund, it maintains a more cautious investment approach, usually combining debt and equity instruments to provide a balance of safety and potential returns.
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