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Everything You Should Know About the Navi Mutual Fund!

Updated on: 03 Mar 2022 // 16 min read // Mutual funds
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Navi Technologies, backed by Sachin Bansal, has made financial services simple, transparent and accessible to everyone. The company’s technology-driven and customer-centric approach has made investing low cost and simple. Apart from investment products, Navi also offers Personal Loans, Home Loans, Two Wheeler Loans, SME Business Loans and other financial services and products.

Here is everything you wish to know about Navi Mutual Fund in detail.

What is a Navi Mutual Fund?

Navi Mutual Fund, established in 2009, offers mutual fund schemes catering to the diverse needs of investors. Navi MF house offers a wide range of mutual fund schemes in equity, debt and balanced categories.

Why invest in the Navi Mutual Fund?

  • Low correlation with Indian equities along with USD appreciation increases the performance in INR as USD has appreciated 1.53 times in the past 10 years.
  • Access to over 4,000 stocks covering about 100% of the US Stock Market, with a CAGR (in INR terms) of 28.15%, 20.11% and 20.27% over 1, 5 and 10 years respectively.
  • You can invest in a Navi fund at the lowest total expense ratio (TER) of 0.06% p.a., which means more money will go into the investment than paying our expenses.
  • Invest to diversify your portfolio by getting exposure to the US stock market at a low cost. 
  • You can open your account without any paperwork.
  • It is currently the only fund available in India which enables investing in Vanguard, which is the pioneer of low-cost passive fund management schemes.
  • This investment can be a potential hedge against the depreciation of INR vs USD.

Who should invest in it?

You must invest in Navi Mutual Fund, if:

  • You want exposure to the US equity market as the CRSP US Total Stock Market represents about 100% of the entire investable US equity market.
  • You are looking to diversify your portfolio as exposure to US equities has extra diversification benefit because they have a low correlation with Indian equities.
  • You want to get involved in the growth of emerging US companies which are not part of S&P 500 or Nasdaq 100 as of now.

Steps for Investing in Navi Mutual Fund

  • Log in to your Grow or other online investment account or register on any associated platform to create your account.
  • After Navi Mutual Fund login, upload your ID proof documents such as Aadhaar, PAN, Voter ID, Passport, Driving License, Central/State Government ID Card, etc.
  • Upload your residence proof documents like any KYC document mentioning your permanent address, or other acceptable document. 
  • Select the period of your investment.
  • Choose a preferred risk level from low, mid or high options.
  • Choose the Navi Mutual Fund that you wish to invest in.
  • Click on the “Invest One Time” tab if you wish to invest a lump sum amount.
  • Click on the “Start SIP” tab, if you wish to invest through SIP. 
  • Your account will display the Navi Index Mutual Fund you have invest in within 3 to 4 working days. 

Asset Allocation of Navi Mutual Fund

Instruments
Indicative Allocation
Risk Profile
Min.
Max.
Low/ Medium/ High
Units of the Vanguard Total Stock Market ETF (VTI)/ Schwab Total Stock Market Index Fund (SWTSX)95%100%High
Debt schemes, Debt and Money Market Instruments like Tri Party Repo^, G-Secs & Cash0%5%Low - Medium

List of Navi Mutual Funds in India

Below are some of the mst popular mutual funds offered by Navi:

  • Navi Nifty Bank Index Fund
  • Navi Large and Midcap Fund
  • Navi Flexi Cap Fund
  • Navi Large Cap Equity Fund
  • Navi Long Term Advantage Fund
  • Navi 3 in 1 Fund
  • Navi Equity Hybrid Fund
  • Navi Regular Savings Fund
  • Navi Ultra Short Term Fund
  • Navi Liquid Fund
  • Navi Nifty Next 50 Index Fund
  • Navi Nifty 50 Index Fund        

FAQs

How to invest in the Navi mutual fund?

For now, Navi is listed on all major online platforms such as Kfintech, Orowealth, INDMoney, Groww, and so on for investing under direct plan. 

What is the old name of Navi mutual fund?

Navi mutual fund old name was Essel mutual fund.

What is the Navi US Total Stock Market Fund of Fund?

It is a mutual fund scheme which will invest in the Vanguard Total Stock Market ETF (VTI) that replicates the CRSP US Total Stock Market Index.

Does the scheme follow any benchmark index?

Yes. Navi will invest in the Vanguard Total Stock Market ETF that tracks the CRSP US Total Market Index.

What if NFO?

NFO or New Fund Offer is the first subscription offering for a new fund launched by an asset management company.

Are there any charges involved?

Yes. A minimal expense ratio will be applicable. However, for Direct plans, there will be 0 commission.

What is the Navi nifty 50 index fund?

Navi 50 Index Fund Direct - Growth is an equity mutual fund scheme from Navi Mutual Fund. launched on 14 Jul 2021. You can check Navi nifty 50 index fund review online to know more about it.

Which schemes are there under Navi Nifty Index Fund?

Navi Nifty 50 index fund nav, Navi Nifty Bank Index Fund and Navi Nifty Next 50 Index Fund.