Navi Mutual Fund has collected Rs.100 crore from 17000 investors during the NFO of Navi Nifty 50 Index Fund.
The fund claims to offer lowest expense ratio in the industry at 0.06% for direct plan.
In a press release, Saurabh Jain, MD and CEO, Navi MF said, “The success of this launch is not only from the AUM of this NFO but also through the awareness that has spread across investors around index fund investing and expense ratio. This is visible through the 1.4 lakh users who visited our website during these 10 days. This is the beginning of a long-term partnership with our investors for wealth creation and we are delighted with the response we have received for this Index Fund NFO.”
