Navi Mutual Fund launches Navi S&P BSE SENSEX Index Fund
Aug 21, 2023 by News Team
NFO period: 21st August – 01st September, 2023
Highlights of the NFO:
Scheme type – An open-ended index fund replicating/tracking S&P BSE Sensex Index
Investment objective – The investment objective of the scheme is to generate returns that are commensurate with the performance of the S&P BSE SENSEX Index, subject to tracking errors. There is no assurance that the investment objective of the scheme will be achieved.
Product suitability – This product is suitable for investors who are seeking long term wealth creation solution. An index fund that seeks to track returns by investing in a basket of S&P BSE SENSEX Index stocks and aims to achieve returns of the stated 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, Mr. Ashutosh Shirwaikar(Co Fund Manager - Equity)
Benchmark – S&P BSE SENSEX Index (Total Returns Index)