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 |
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Aditya Mulki
Fund Manager since Dec 2019 (5 years)
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Mr. Mulki is a CFA and B.Com. Before joining Navi Mutual Fund, he worked at Quantum Advisor Ltd as an Equity Research Analyst.
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Surbhi Sharma
Fund Manager since Jul 2023 (1 year)
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Surbhi Sharma did her MBA from ITM Group of Institutions. He worked at Birla Sun Life Asset Management Company, Goldman Sachs, ITI Gilts and DCB Bank beforfe joining Navi.
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Ashutosh Shirwaikar
Fund Manager since Mar 2019 (6 years)
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.
| Scheme | Category | AUM (in ₹ Cr) | 3-Yr Returns (%) | 1-Yr Return (%) |
| Navi Nifty Next 50 Index Fund | Equity | 697.58 | 15.19 | 3.82 |
| Navi Aggressive Hybrid Fund | Hybrid | 118.53 | 12.37 | 7.57 |
| Navi Large & Midcap Fund | Equity | 303.69 | 12.30 | 7.42 |
| Navi Flexi Cap Fund | Equity | 249.24 | 11.77 | 0.45 |
| Navi ELSS Tax Saver Fund | Equity | 58.08 | 11.53 | 2.80 |
| Navi Nifty 50 Index Fund | Equity | 2,685.55 | 10.89 | 4.38 |
| Navi Nifty Bank Index Fund | Equity | 519.74 | 9.68 | 4.85 |
| Navi Liquid Fund | Debt | 69.83 | 6.46 | 7.03 |
| Navi NASDAQ 100 FoF | Equity | 1,058.86 | 0.00 | 29.61 |
| Navi US Total Stock Market FoF | Equity | 982.16 | 0.00 | 26.24 |
Note: All data is as of February 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
The Navi Nifty Next 50 Index Fund is an open-ended equity scheme replicating/tracking the Nifty Next 50 Index. The fund aims to provide returns that closely correspond to the total returns of the Nifty Next 50 Index, subject to tracking errors. Managed by Ashutosh Shirwaikar, the scheme offers investors an opportunity to invest in the next 50 companies after the Nifty 50, representing emerging large-cap companies.
The Navi Aggressive Hybrid Fund is an open-ended hybrid scheme investing predominantly in equity and equity-related instruments along with debt and money market instruments. The fund aims to provide capital appreciation and income distribution by maintaining a balanced portfolio. Managed by Ashutosh Shirwaikar and Tanmay Sethi, the scheme is benchmarked against the CRISIL Hybrid 35+65 Aggressive Index.
The Navi Large & Midcap Fund is an open-ended equity scheme investing in both large-cap and mid-cap stocks. The fund aims to provide long-term capital appreciation by capturing growth opportunities across established large-cap companies and emerging mid-cap companies. Managed by Ashutosh Shirwaikar, the scheme is benchmarked against the NIFTY LargeMidcap 250 Total Return Index.
The Navi Flexi Cap Fund is an open-ended dynamic equity scheme investing across large-cap, mid-cap, and small-cap stocks. The fund aims to provide long-term capital appreciation by diversifying investments across different market capitalizations. Managed by Ashutosh Shirwaikar, the scheme is benchmarked against the NIFTY 500 Total Return Index.
The Navi ELSS Tax Saver Fund is an open-ended equity-linked savings scheme with a statutory lock-in period of three years, offering tax benefits under Section 80C of the Income Tax Act. The fund aims to provide long-term capital appreciation by investing predominantly in equity and equity-related instruments. Managed by Ashutosh Shirwaikar, the scheme is benchmarked against the NIFTY 500 Total Return Index. As per standard ELSS guidelines, no exit load is applicable due to the mandatory lock-in period of 3 years.
The Navi Nifty 50 Index Fund is an open-ended equity scheme replicating/tracking the Nifty 50 Index. The fund aims to provide returns that closely correspond to the total returns of the Nifty 50 Index, subject to tracking errors. Managed by Ashutosh Shirwaikar, the scheme offers investors an opportunity to invest in the top 50 companies representing various sectors of the economy. The fund does not impose any exit load, allowing investors to redeem their units at any time without incurring additional charges.
The Navi Nifty Bank Index Fund is an open-ended equity scheme replicating/tracking the Nifty Bank Index. The fund aims to provide returns that closely correspond to the total returns of the Nifty Bank Index, subject to tracking errors. Managed by Ashutosh Shirwaikar, the scheme offers investors an opportunity to invest in the banking sector, comprising the most liquid and large capitalized Indian banking stocks.
The Navi Liquid Fund is an open-ended liquid scheme investing in debt and money market securities with a maturity of up to 91 days. The fund aims to provide reasonable returns with low risk and high liquidity. Managed by Tanmay Sethi, the scheme is benchmarked against the CRISIL Liquid Fund Index. The fund imposes a graded exit load if units are redeemed within 7 days from the date of allotment.
The Navi NASDAQ 100 Fund of Fund is an open-ended fund of fund scheme investing in units of overseas ETFs and/or Index Funds based on the NASDAQ-100 Index. The fund aims to provide long-term capital appreciation by replicating the performance of the NASDAQ-100 Index. Managed by Ashutosh Shirwaikar, the scheme offers investors exposure to 100 of the largest non-financial companies listed on the NASDAQ stock exchange.
The Navi US Total Stock Market Fund of Fund is an open-ended fund of fund scheme investing in units of the Vanguard Total Stock Market ETF (VTI) or the Schwab Total Stock Market Index Fund (SWTSX). The fund aims to provide long-term capital appreciation by replicating the performance of the US total stock market. Managed by Ashutosh Shirwaikar, the scheme offers investors exposure to a broad spectrum of US companies across various market capitalizations. The fund does not impose any exit load, allowing investors to redeem their units at any time without incurring additional charges.
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