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Navi Mutual Fund launches Navi NASDAQ 100 Fund of Fund

by News Team | Mutual Fund

NFO period: 03rd March - 17th March, 2022

Highlights of the NFO:

  • Scheme type - An open ended fund of fund investing in units of overseas ETF’s and/or Index Fund based on NASDAQ 100 Index

  • Investment objective - The investment objective of the scheme is to provide long-term capital appreciation by investing in units of overseas ETF’s and/ or Index Fund based on NASDAQ 100 Index. However, there is no assurance that the investment objective of the scheme will be realized.

  • Product suitability - This product is suitable for investors who are seeking capital appreciation over the long term. Return that corresponds generally to the performance of NASDAQ 100 Index, subject to tracking error.

  • Minimum Application Amount - First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available - Regular Plan and Direct Plan having Growth Option only.

  • Fund Manager - Mr. Pranav Vasa

  • Benchmark - NASDAQ 100 Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)