Navi AMC (formerly Essel mutual fund) is founded by Sachin Bansal (co-founder and ex-Chairman of Flipkart) and Ankit Agarwal (ex-banker with Deutsche Bank and Bank of America). The AMC's sponsor is Anmol Como Broking Private Limited and it is registered with the Securities & Exchange Board of India (SEBI) under the same name. The investment manager of Navi Mutual Funds is Navi AMC Limited and the trustee to Navi AMC Limited is Navi Trustee Limited. Not only confined to Navi AMC, Navi also offers a plethora of financial services and products including Personal Loans, Home Loans, vehicle Loans (two wheeler), SME Business Loans and also General Insurance.
Navi AMC was started in December 2018 with a mission to make financial services hassle-free, affordable and simply accessible. It leverages a technology-driven and customer-centric approach to establish products in the financial services space. In January 2021, Navi acquired Essel Finance Mutual Fund and renamed it to Navi. Currently the AMC handles assets worth Rs. 697.75 crores as of March 2022.
List of Navi Mutual Fund in India
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
| Equity | Very High | 27.4% | 3 | ₹280 | |
| Navi Flexi Cap Fund | Equity | Very High | 27.9% | 3 | ₹247 |
| Navi Equity Hybrid Fund | Hybrid | Very High | 21.8% | 3 | ₹81 |
| Navi Aggressive Hybrid Fund | Hybrid | Very High | 23.5% | 3 | ₹83 |
| Navi Conservative Hybrid Fund | Hybrid | Moderate | 10.7% | 3 | ₹27 |
| Navi Regular Savings Fund | Hybrid | Moderate | 8.9% | 3 | ₹26 |
| Navi Liquid Fund | Debt | Low to Moderate | 6.9% | 3 | ₹106 |
| Navi ELSS Tax Saver Fund | Equity | Very High | -2.4% | 2 | ₹59 |
| Navi Large Cap Equity Fund | Equity | Very High | -0.5% | 2 | ₹91 |
| Navi 3 in 1 Fund | Hybrid | Very High | 2.3% | 2 | ₹15 |
| Navi Ultra Short Term Fund | Debt | Low to Moderate | 3.0% | 1 | ₹11 |
| Other | Very High | NA | -- | ₹8 | |
| Navi Nifty Midcap 150 Index Fund | Other | Very High | 50.4% | -- | ₹96 |
| Navi Nifty Next 50 Index Fund | Other | Very High | 33.5% | -- | ₹183 |
| Navi Nifty India Manufacturing Index Fund | Other | Very High | 34.0% | -- | ₹20 |
| View All |
Key information about Navi AMC Limited
| Mutual fund name | Navi Mutual Fund |
| Asset management company name | Navi AMC Limited |
| AMC Setup Date | Navi was setup in December 2018 but acquired Essel mutual fund in Jan 2021 |
| AMC Incorporation Date | December 2018 |
| Sponsor name | Anmol Como Broking Private Limited |
| Trustee organisation | Navi Trustee Limited |
| Compliance Officer | Mr. Mayuresh Vasant Sonavane |
| CEO | Mr. Rajiv Naresh |
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How can you invest in Navi Mutual Funds?
Follow the steps mentioned below to invest in Navi Mutual Fund online:
Step 1. Log-in to your Groww account or register to create a new one.
Step 2. Upload your identity proof documents - Voter ID, Aadhaar, PAN, Driving License, Passport, Central or State Government ID card, etc.
Step 3. Upload your address proof documents - any identity KYC document with your permanent address, etc.
Step 4. Select the period you want to invest in.
Step 5. Choose your preferred risk level - low, mid, or high.
Step 6. Select the Navi Mutual Fund you want to invest in.
Step 7. Click on “Invest One Time” if you want to invest a lump sum amount; click “Start SIP” if you want to invest via SIP.
Your Groww account will reflect the Navi Mutual Fund in India you have invested in within 3 to 4 working days.
Top Fund Managers
1. Mr. Saravana Kumar
Mr. Saravana Kumar is currently the Chief Investment Officer (CIO) at Navi Mutual Fund since 2019. He manages an AuM of Rs. 500 Crore invested in 22 schemes like Navi Multi Cap Fund, Navi Equity Hybrid Fund, etc.
Before joining Navi, Mr. Kumar was the CIO of LIC Mutual Fund. He has also worked with UTI Mutual Fund, SBI Mutual Fund, and ICICI Bank.
Mr. Kumar holds a BE in Electronics and Communication degree from the Government College of Engineering and an MBA degree from IIM Bangalore. He is also a CAIIB from the Indian Institute of Bankers and has completed the Management Development Programme (MDP) on Financial Markets from Merrill Lynch.
2. Mr. Pradeep Sukte
Mr. Pradeep Sukte is positioned as Dealer - Equity & Fund Manager of Navi Arbitrage Fund. Before working with Navi, he worked with Sahara Asset Management Co. Pvt. Ltd., IDFC Securities Limited, Quantum Securities Private Limited, UTI Securities Limited and HDFC Securities Limited. He is a B.Com graduate and has done CFA.
3. Mr. Girish Raj
With a rich experience spanning over 17 years of experience, Mr. Girish Raj works as an analyst in Portfolio Management Services and Broking industry. He has previously worked as Equity Analyst with leading companies including Quest, Independent Research Private Limited (IRPL) and IFCI Financial Services Ltd (IFIN).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.67% & 18.59%. The Navi Large & Midcap Fund comes under the Equity category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Large & Midcap Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹280Cr |
| 1Y Returns | 27.4% |
Navi Flexi Cap Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.1% & 17.7%. The Navi Flexi Cap Fund comes under the Equity category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Flexi Cap Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹247Cr |
| 1Y Returns | 27.9% |
Navi Equity Hybrid Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.16% & 14.12%. The Navi Equity Hybrid Fund comes under the Hybrid category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Equity Hybrid Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹81Cr |
| 1Y Returns | 21.8% |
Navi Aggressive Hybrid Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.78% & 14.13%. The Navi Aggressive Hybrid Fund comes under the Hybrid category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Aggressive Hybrid Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹83Cr |
| 1Y Returns | 23.5% |
Navi Conservative Hybrid Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.38% & 7.68%. The Navi Conservative Hybrid Fund comes under the Hybrid category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Conservative Hybrid Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹27Cr |
| 1Y Returns | 10.7% |
Navi Regular Savings Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.19% & 7.42%. The Navi Regular Savings Fund comes under the Hybrid category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Regular Savings Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹26Cr |
| 1Y Returns | 8.9% |
Navi Liquid Fund Super Institutional Plan Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.22% & 5.07%. The Navi Liquid Fund comes under the Debt category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Liquid Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹106Cr |
| 1Y Returns | 6.9% |
Navi ELSS Tax Saver Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.78% & 8.84%. The Navi ELSS Tax Saver Fund comes under the Equity category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹59Cr |
| 1Y Returns | -2.4% |
Navi Large Cap Equity Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.05% & 8.79%. The Navi Large Cap Equity Fund comes under the Equity category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Large Cap Equity Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹91Cr |
| 1Y Returns | -0.5% |
Navi 3 in 1 Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.36% & 8.96%. The Navi 3 in 1 Fund comes under the Hybrid category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi 3 in 1 Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹15Cr |
| 1Y Returns | 2.3% |
Navi Ultra Short Term Fund Super Institutional Plan Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 3.97% & 5.28%. The Navi Ultra Short Term Fund comes under the Debt category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Ultra Short Term Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹11Cr |
| 1Y Returns | 3.0% |
Fund Performance: The Navi S&P BSE Sensex Index Fund comes under the Other category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi S&P BSE Sensex Index Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹8Cr |
| 1Y Returns | NA |
Navi Nifty Midcap 150 Index Fund Direct Growth
Fund Performance: The Navi Nifty Midcap 150 Index Fund comes under the Other category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Nifty Midcap 150 Index Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹96Cr |
| 1Y Returns | 50.4% |
Navi Nifty Next 50 Index Fund Direct Growth
Fund Performance: The Navi Nifty Next 50 Index Fund comes under the Other category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Nifty Next 50 Index Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹183Cr |
| 1Y Returns | 33.5% |
Navi Nifty India Manufacturing Index Fund Direct Growth
Fund Performance: The Navi Nifty India Manufacturing Index Fund comes under the Other category of Navi Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Navi Nifty India Manufacturing Index Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹20Cr |
| 1Y Returns | 34.0% |
I'm an enthusiast with a keen interest in finance and investment, particularly in mutual funds and asset management companies (AMCs). My understanding stems from a combination of practical experience, continuous learning, and staying updated with the latest trends and developments in the financial sector.
Now, let's delve into the intricate details of the article you provided:
-
Navi AMC Background:
- Navi AMC (formerly Essel Mutual Fund) was established by Sachin Bansal and Ankit Agarwal.
- The AMC's sponsor is Anmol Como Broking Private Limited.
- Registered with the Securities & Exchange Board of India (SEBI) as Navi AMC Limited.
- The investment manager is Navi AMC Limited, and the trustee is Navi Trustee Limited.
- It offers various financial services beyond mutual funds, including personal loans, home loans, vehicle loans, SME business loans, and general insurance.
- Started in December 2018 with a mission to simplify financial services, it acquired Essel Finance Mutual Fund in January 2021 and rebranded it to Navi.
- As of March 2022, Navi AMC manages assets worth Rs. 697.75 crores.
-
Navi Mutual Fund Products:
- Navi offers a range of mutual fund products across different categories:
- Equity Funds: Navi Flexi Cap Fund, Navi Large Cap Equity Fund, Navi ELSS Tax Saver Fund, etc.
- Hybrid Funds: Navi Equity Hybrid Fund, Navi Aggressive Hybrid Fund, Navi Conservative Hybrid Fund, etc.
- Debt Funds: Navi Liquid Fund, Navi Ultra Short Term Fund, etc.
- Other Funds: Navi Nifty Midcap 150 Index Fund, Navi Nifty Next 50 Index Fund, Navi Nifty India Manufacturing Index Fund, etc.
- Navi offers a range of mutual fund products across different categories:
-
Key Information about Navi AMC Limited:
- Mutual fund name: Navi Mutual Fund
- Asset management company name: Navi AMC Limited
- AMC Setup Date: December 2018 (acquired Essel Mutual Fund in Jan 2021)
- AMC Incorporation Date: December 2018
- Sponsor name: Anmol Como Broking Private Limited
- Trustee organization: Navi Trustee Limited
- Compliance Officer: Mr. Mayuresh Vasant Sonavane
- CEO: Mr. Rajiv Naresh
-
Investing with Navi Mutual Funds:
- Investors can invest in Navi Mutual Funds through platforms like Groww.
- The process involves account registration, KYC documentation submission, risk level selection, fund selection, and investment mode selection (lump sum or SIP).
-
Top Fund Managers:
- Mr. Saravana Kumar: CIO managing Rs. 500 Crore in assets across various schemes.
- Mr. Pradeep Sukte: Fund manager for Navi Arbitrage Fund.
- Mr. Girish Raj: Analyst in Portfolio Management Services and Broking industry.
-
Fund Performance:
- Annualized returns for various Navi Mutual Fund schemes over 1 year, 3 years, and 5 years.
- Details about minimum investment amounts, assets under management (AUM), and fund categories.
Understanding these facets provides a comprehensive view of Navi AMC and its mutual fund offerings, enabling investors to make informed decisions.
