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  • News From Press Sachin Bansal’s Navi MF set to bring Vanguard Funds to India

    Sachin Bansal’s Navi MF set to bring Vanguard Funds to India

    Source: Mint Sep 1, 2021

    Flipkart co-founder Sachin Bansal’s Navi Mutual Fund (MF) has filed papers with the markets regulator seeking approval for a ‘Total US Stock Market’ fund-of-funds (FoF).

    The proposed scheme will feed into Vanguard Total Stock Market Index Fund ETF. Vanguard, founded by John Bogle, is a pioneer in passive investing in the US and the second-largest money manager after Blackrock. Vanguard Total Stock Market Index Fund has an expense ratio of just 0.03% and has delivered annual average returns of 44.33%, 18.75% and 14.7% CAGR over the past 1, 3 and 10 years in dollar terms.

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