Navi Mutual Fund
AUM
₹ 6,998 cr
AMC Age
15 Years
No. Of Schemes
42
Navi Mutual Fund is a joint enterprise between Sachin Bansal, former Flipkart co-founder and Ankit Agarwal, a former banker at Bank of America and Deutsche Bank. Managed by Navi AMC Ltd., Navi offers a diverse range of fund schemes across equity, debt, and hybrid categories, along with mainstream financial products and services.
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About Navi Mutual Fund
- About the Fund
- Key Information
- Types Of Funds
- Charges & Fees
- Risk Factors
Established on December 4, 2009, Navi Mutual Fund, formerly known as Essel Finance Mutual Fund, was acquired in 2019 by its promoters — Sachin Bansal and Ankit Agarwal (Flipkart co-founder and former chairman and former banker with Bank of America & Detucshe Bank). Started in 2018, the fund house, with a tech and people-driven approach, focuses on making investing in mutual funds simple, affordable, and accessible for every investor.
Key Features
- Navi Mutual Fund offers a wide array of investment solutions across different sectors and market caps to cater to various risk profiles and the unique financial needs of investors..
- In 2022, the fund house introduced 6 index funds designed to cater to the needs of risk-averse investors.
- Apart from AMC, Navi also provides financial services and products, including personal, home, two-wheeler vehicle, and general and SME business loans.
- The company is led by a strong leadership team, with Mr. Aditya Mulki serving as MD and CEO, Mr. Arvind Sharma as CFO, and Ms. Shweta Apuri bringing valuable expertise to its operations.
- Navi is committed to delivering growth and long-term value in the asset management sphere by incorporating innovative policies, robust management, and effective risk management strategies.
Documents Required
To invest in Navi Mutual Fund, investors must complete the Know Your Customer (KYC) process and submit the required documents. Below is a list of documents based on investor type:
KYC Application Form: Completed and signed CKYC application form
In-Person Verification (IPV) – Mandatory for KYC compliance.
Bank Account Details – Canceled cheque or bank statement for linking the investment account.
Nomination Form (optional but recommended)
Proof of Identity (Any one of the following, self-attested):
- PAN Card (mandatory for investments above ₹50,000 per year)
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- NREGA Job Card (duly signed by a State Government officer)
Proof of Address (Anyone, except PAN card):
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- Utility Bills (not older than 3 months)
- Bank Account Statement/Passbook (not older than 3 months)
Investors are advised to contact Navi Mutual Fund’s customer service or visit its official website for any modifications, redemptions, or complaints.
Navi Mutual Fund Managers
Mr. Ashutosh Shirwaikar
Mr. Tanmay Sethi
How To Invest In Navi Mutual Fund With Choice?
Navi Mutual Fund FAQs
The best Navi Mutual Fund depends on your investment objectives and risk appetite. Equity funds are suitable for long-term capital growth, debt funds offer stability with lower risk, and hybrid funds balance risk and returns. Explore Navi Mutual Fund schemes with Choice advanced research tools and conduct full fundamental and technical analysis.
Navi Mutual Funds are subject to taxation based on the type of investment and the holding period. Equity fund gains are taxed at 20% (short-term) and 12.5% (long-term if gains exceed 1.25 lakh annually). Debt fund gains are taxed per your income slab. ELSS funds offer tax benefits under Section 80C.
To invest in Navi Mutual Fund through Choice, you will need a PAN card, Aadhaar, proof of identity, address proof, and a linked bank account. The KYC (Know Your Customer) process is mandatory and can be completed online easily.
The minimum investment amount for Navi Mutual Funds is generally 100 for lump sum investments and a minimum of 100 for Systematic Investment Plans (SIP).
Returns from Navi Mutual Funds are calculated based on the Net Asset Value (NAV). The formula used is: Returns (%) = [(Current NAV - Initial NAV) / Initial NAV] × 100. For SIP investments, the XIRR (Extended Internal Rate of Return) method is used to calculate returns. Choice offers real-time NAV tracking and returns calculators to help investors estimate their earnings efficiently.
Yes, you can switch between Navi Mutual Fund schemes using the Choice FinX platform. The platform facilitates seamless fund switching, but it’s important to consider the potential exit load and tax implications that depend on the holding period of the original investment.
Investing in Navi Mutual Funds involves certain important charges such as the Expense Ratio, Exit Load for premature redemption, and Transaction Fees on investments for large amounts.
No, a Demat account is not necessary to invest in Navi Mutual Funds through Choice FinX. You can invest directly via the platform. However, if you prefer to hold mutual fund units in electronic format, you may open a free Choice Demat account.
You can easily access your Navi Mutual Fund statement through the Portfolio section on the Choice FinX platform. Alternatively, statements can be obtained via the Navi Mutual Fund website, via email request, or through CAMS/Karvy portals.
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