Navi Mutual Fund

Navi AMC (formerly known as Essel Mutual Fund) was set up by Sachin Bansal (co-founder and former chairman of Flipkart) and Ankit Agarwal (former banker at Deutsche Bank and Bank of America). The sponsor AMC is Anmol Como Broking Pvt. Ltd., and it is SEBI registered.

Navi AMC Limited is the investment manager of Navi Mutual Fund, and the trustee is Navi Trustee Limited.

Besides mutual funds, Navi offers numerous other financial products, including:

• Personal Loans

• Home Loans

• Two-wheeler Vehicle Loans

• SME Business Loans

• General Insurance

Navi AMC was launched in December 2018 with a mission of making financial services simple, affordable, and convenient for all. Navi acquired Essel Finance Mutual Fund in January 2021 and renamed it as Navi. Navi AMC has an asset size of 4,944.32 crores as of March 2024.

Major Information About Navi AMC Limited

How to Invest in Navi Mutual Funds?

You can invest in Navi Mutual Funds online easily:

• Step 1: Create an investment account on any SEBI-registered online investing platform.

• Step 2: Get your KYC done by uploading identity proof (Aadhaar, PAN, passport, voter ID, driving licence, or government ID).

• Step 3: Upload address proof (Aadhaar, passport, or any other KYC document with your address).

• Step 4: Pick the investment time horizon for which you wish to invest.

• Step 5: Pick the risk level you prefer – low, medium, or high.

• Step 6: Select the Navi Mutual Fund scheme of your choice.

• Step 7: Make up your mind whether you wish to invest as a lump sum (one-time) or via SIP (Systematic Investment Plan).

Once these steps are done, your desired fund units will be credited to your account in a couple of working days.

Top Fund Managers of Navi Mutual Fund

1. Mr Saravana Kumar (Chief Investment Officer)

• Joined Navi in 2019 and oversees approximately 500 crore in 22 schemes.

• Ex-CIO of LIC Mutual Fund.

• Previous experience at UTI Mutual Fund, SBI Mutual Fund, and ICICI Bank.

• Has a BE (Electronics & Communication), an MBA (IIM Bangalore), a CAIIB, and an MDP in Financial Markets from Merrill Lynch.

2. Mr Pradeep Sukte (Dealer - Equity & Fund Manager)

• Is responsible for the Navi Arbitrage Fund.

• Past experience from Sahara AMC, IDFC Securities, UTI Securities, and HDFC Securities.

• B.Com postgraduate and CFA.

3. Mr Girish Raj (Analyst)

• More than 17 years of experience in the broking and PMS business.

• Has worked as an equity analyst with Quest, IRPL, and IFCI Financial Services.

Popular Navi Mutual Fund Schemes

Here’s a list of some of the major Navi Mutual Funds and their details:

Frequently Asked Questions

1. Who is the owner of Navi Mutual Fund?

• Navi Mutual Fund was launched by Sachin Bansal and Ankit Agarwal. Its sponsor is Anmol Como Broking Pvt. Ltd.

2. What is the minimum in Navi Mutual Funds?

• All Navi Mutual Funds have a minimum of 100, except the ELSS Tax Saver Fund, which is 500.

3. Do I need a Demat account to invest in Navi Mutual Funds?

• No, you do not need a Demat account. You can invest in SEBI-registered mutual fund platforms after KYC.

4. Are Navi Mutual Funds safe to invest in?

• All mutual funds, including Navi, are SEBI-regulated. Returns are nonetheless market- and category-linked.

5. What is the most significant advantage of investing in Navi Mutual Funds?

• Navi has low-cost index funds, easy online investment, and flexible amounts beginning at just 100, making it easy for new investors to invest.