Navi AMC Limited

Navi AMC Limited

Navi AMC, originally known as Essel Mutual Fund, was founded by Sachin Bansal, co-founder and former Chairman of Flipkart, and Ankit Agarwal, a former banker with Deutsche Bank and Bank of America. Sponsored by Anmol Como Broking Private Limited, the AMC is registered with SEBI under this name. Navi AMC Limited serves as the investment manager for Navi Mutual Funds, while Navi Trustee Limited acts as the trustee. Beyond asset management, Navi offers a wide range of financial products and services, including personal loans, home loans, two-wheeler loans, SME business loans, and general insurance. Launched in December 2018, Navi AMC aims to provide hassle-free, affordable, and accessible financial services. With a focus on leveraging technology and a customer-centric approach, Navi strives to simplify financial products for its users. In January 2021, Navi acquired Essel Finance Mutual Fund, rebranding it as Navi. As of March 2024, the AMC manages assets worth ₹4,944.32 crore.

List of Navi AMC Limited in India

Fund Name

Rating

1Y Return

3Y Return

Fund Size (in Cr)

Navi Large & Mid Cap Fund Direct Plan Growth

2

18.43%

14.18%

₹318.75 Cr

Navi Aggressive Hybrid Fund Direct Growth

2

15.53%

13.30%

₹135.28 Cr

Navi Flexi Cap Fund Direct Growth

3

12.63%

13.05%

₹266.14 Cr

Navi ELSS Tax Saver Fund Direct Growth

1

14.12%

12.46%

₹62.40 Cr

Navi Nifty 50 Index Fund Direct Growth

NA

10.20%

11.05%

₹2572.81 Cr

Navi Conservative Hybrid Fund Direct Plan Growth Option

3

11.26%

7.22%

₹35.76 Cr

Navi Liquid Fund Direct Plan Growth Option

NA

7.00%

6.34%

₹72.64 Cr

Navi NASDAQ 100 Fund of Fund Direct Growth

NA

34.25%

-

₹1018.74 Cr

Navi Nifty Midcap 150 Index Fund Direct Growth

NA

20.49%

-

₹217.97 Cr

Navi Nifty Next 50 Index Fund Direct Growth

NA

23.59%

-

₹1210.58 Cr

Navi BSE Sensex Index Fund Direct Growth

NA

9.66%

-

₹13.99 Cr

Navi Nifty Bank Index Fund Direct Growth

NA

4.93%

-

₹532.87 Cr

Navi Nifty IT Index Fund Direct Growth

NA

-

-

₹13.82 Cr

Navi Nifty 500 Multicap 50 25 25 Index Fund Direct Growth

NA

-

-

₹18.20 Cr

Navi US Total Stock Market Fund of Fund Direct Growth

NA

29.89%

-

₹1005.15 Cr

Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth

NA

10.15%

-

₹73.32 Cr

Navi Nifty India Manufacturing Index Fund Direct Growth

NA

25.49%

-

₹51.68 Cr

Key information about navi mutual funds

Mutual fund name

Navi Mutual Fund

Asset Management Company Name

Navi AMC Limited

AMC Setup Date

04-Dec-2009

AMC Incorporation Date

09-Apr-2009

Sponsor Name

Anmol Como Broking Private Limited, Navi MF Sponsor Private Limited

Trustee Organisation

Navi Trustee Limited

MD & CEO

Mr. Rajiv Naresh

Compliance Officer

Ms. Sweta Bharat Shah

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How can you invest in navi mutual funds Mutual Funds

To invest in navi mutual funds Mutual Funds through the Lemonn App, you can follow these general steps:


Step 1 : Download the Lemonn App

If you haven't already, download the Lemonn App from the Google Play Store or Apple App Store.


Step 2 : Sign up / Log in

Sign up by providing your phone number and completing the basic registration process.

If you already have an account, simply log in.


Step 3 : Complete KYC

Before investing, ensure your KYC (Know Your Customer) verification is complete. Most mutual fund apps will guide you through this. You’ll need PAN, Aadhaar, and other necessary details.


Step 4 : Search for navi mutual funds Mutual Funds

Once your KYC is done, search for the navi mutual funds Mutual Fund schemes you're interested in by using the search bar.


Step 5 : Choose a Scheme

You will see a list of various funds under navi mutual funds. Explore the options, check their performance, risk profile, and investment objectives.

Choose a scheme that aligns with your investment goals (e.g., equity, debt, hybrid funds).


Step 6 : Decide on the Investment Amount

You can either make a lump sum investment or set up a SIP (Systematic Investment Plan) to invest a fixed amount periodically.


Step 7 : Confirm the Investment

Enter the amount you wish to invest.

Review the details and confirm the payment method (Net Banking, UPI, etc.).

After making the payment, you will receive a confirmation of your investment.


Step 8 : Track Your Investment

You can track the performance of your navi mutual funds Mutual Funds on the Lemonn App dashboard. It will show NAV, returns, and other key details.


If you need any assistance, the Lemonn App usually has customer support or chat options to help. Keep an eye on expenses like entry/exit loads and expense ratios to optimize returns!

Top Fund Managers

Mr. Saravana Kumar
Mr. Saravana Kumar is the Chief Investment Officer (CIO) at Navi Mutual Fund, a position he has held since 2019. He manages an AuM of Rs. 500 Crore across 22 schemes, including Navi Multi Cap Fund and Navi Equity Hybrid Fund, contributing significantly to the firm’s success in asset management. Before joining Navi, Mr. Kumar served as the CIO at LIC Mutual Fund. His extensive career includes roles at UTI Mutual Fund, SBI Mutual Fund, and ICICI Bank, where he gained a wealth of experience in investment management. Mr. Kumar holds a BE in Electronics and Communication from the Government College of Engineering and an MBA from IIM Bangalore. He is also a CAIIB from the Indian Institute of Bankers and has completed the Management Development Programme (MDP) in Financial Markets from Merrill Lynch, enhancing his financial expertise.

Mr. Pradeep Sukte
Mr. Pradeep Sukte is the Dealer - Equity and Fund Manager of Navi Arbitrage Fund. He brings extensive experience to his current role, having previously worked with several reputable firms including Sahara Asset Management Co. Pvt. Ltd., IDFC Securities Limited, Quantum Securities Private Limited, UTI Securities Limited, and HDFC Securities Limited. Mr. Sukte holds a B.Com degree and is a Chartered Financial Analyst (CFA), further strengthening his expertise in financial analysis and fund management. His background in equity trading and fund management helps drive the performance of Navi's arbitrage fund.

Mr. Girish Raj
Mr. Girish Raj has over 17 years of experience in the Portfolio Management Services and Broking industry. He has previously worked as an Equity Analyst with well-known companies such as Quest, Independent Research Private Limited (IRPL), and IFCI Financial Services Ltd (IFIN). His extensive background in equity analysis has equipped him with valuable insights into market trends, which he applies in his current role to support investment strategies and portfolio management.

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FAQs

1.Should I invest in a Navi Mutual fund scheme?

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Whether you should invest in Navi Mutual Funds or not depends on your goals. In addition to assessing their returns over several timelines, evaluate the schemes based on risk, volatility, returns, the fund manager’s experience, and your own return expectations and risk tolerance.

2.How to Start a Navi Mutual Fund SIP online?

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There are two ways to start a Navi Mutual Fund SIP. For a hassle-free investing experience, you can invest in Navi Mutual Fund SIP online through the Lemonn app. Alternatively, you can start investing in Navi Mutual Fund SIP online through Navi Mutual Fund AMC official website.

3.How to redeem Navi Mutual funds Online?

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There are two ways of doing this. You can initiate your redemption request by Lemonn app. Alternatively, you can also redeem your investments by visiting the Navi Mutual Fund AMC website.

4.How much time does it take to redeem the Navi Mutual funds?

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The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.

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