Navi Mutual Fund

Navi Mutual Fund

Navi was founded by Sachin Bansal (co-founder of e-commerce giant Flipkart) and Ankit Agarwal (previously a banker at Deutsche Bank) to provide financial services in a digitally conducive and accessible manner. Navi Asset Management Corporation Limited, the mutual fund arm of Navi, was incorporated on 09 April 2009 and is recognized as a non-government company. 

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The primary goal at Navi AMC is to make investment mechanisms more affordable and convenient with a user-friendly online process. With 85 schemes designed specifically to cater to the niche needs of their customers, Navi AMC Limited has a total of 7,932.58 Cr AUM. The authorized share capital of Navi AMC is ₹1,700,000,000, while its paid-up capital is ₹1,624,772,990.

Since Navi AMC prioritizes client needs, the finance firm has devised debt and equity schemes to fulfill any risk appetite. While Navi AMC Limited currently runs 47 Debt schemes, the number of Equity schemes operated by the firm is 67.

Apart from money management services, Navi is also known for other financial provisions such as business loans, personal and housing loans, and general insurance.

Navi Mutual Fund Key Information

  • Name of the Mutual Fund
  • Navi Mutual Fund
  • Date of Incorporation
  • 39912
  • Sponsor Name
  • Anmol Como Broking Private Limited
  • Trustee Name
  • Navi Trustee Limited
  • Managing Director & Chief Executive Officer
  • Saurabh Jain
  • Address
  • 7th Floor, Wing B, Prestige RMZ Startech, No. 139, 2, Hosur Rd, Koramangala Industrial Layout, S.G. Palya, Bangalore- 560095

Navi Mutual Fund Managers

Saurabh Jain

Mr. Saurabh Jain currently serves as the Managing Director and Chief Executive Officer of Navi Asset Management Company Limited and has been working at Navi Mutual Fund for the past one year and eleven months. He is registered with the Ministry of Corporate Affairs (MCA). With a rich background in business administration, some of his previous positions include Assistant Vice President of Business Projects and Chief of Staff at COO’s office at Swiggy. In addition, being well versed in data analytics, he has worked at Fractal Analytics for more than four years.

Arindam Haraprasad Ghosh

Mr. Arindam Haraprasad Ghosh possesses deep knowledge in Banking, financial services, and insurance (BFSI). He has spent more than two decades assuming entrepreneurial roles in various start-ups, wealth management firms, and financial institutions. Before being appointed as a Board Director at Navi AMC Limited, he was associated with Mirae Asset Group, first as Head of Asia Pacific Business and later as CEO and Director. He developed the Asia Pacific Investment Marketing organization on an international front that included countries like Japan, Australia, Korea, Taiwan, Hong Kong, and Singapore with Fidelity International.

Ankit Agarwal

After acquiring his B.Tech degree in computer science from the Indian Institute of Technology (IIT), Delhi, Mr. Ankit Agarwal went to the Indian Institute of Management(IIM) at Ahmedabad and subsequently earned a Master’s degree in Business Administration (MBA). With his strong education qualifications, he was hired by Deutsche Bank. He worked in credit trading for more than six years, initially as an associate and later as the vice president. He later worked at Bank of America as the Director and vice president, gaining immense experience in the banking segment. In December 2018, he co-founded Navi, a financial services company, and has since served as its CFO.

Nachiket Madhusudan Mor

Some of the prominent degrees that Mr. Nachiket Madhusudan Mor has to his name include a Ph.D. in Economics from the University of Pennsylvania, a Post Graduate Diploma in Management from the Indian Institute of Management (IIM) Ahmedabad, and a B.Sc in Physics from the Mumbai University. He is associated with some of the most renowned and significant projects and institutions in an administrative capacity. This includes being the Director of the Bill & Melinda Gates Foundation (Indian Division) and serving as a member of the Board of Reserve Bank of India. He has previously been associated with ICICI Foundation and IFMR Trust on a financial front. At ICICI, he worked from 1987 to 2007 before becoming a member of its Board of Directors from 2001 to 2007. He has even contributed to RBI’s Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households by serving as its chairman. Using his administrative experience in a more social framework, he participated in the High-Level Expert Group on Universal Healthcare set up by the Planning Commission of India. Other professional affiliations of Mr. Mor include Wipro, the Azim Premji Foundation, and the Fixed Income Money Market & Derivatives Association of India.

Aditya Mulki

With an experience of seven (7) years in capital markets, Mr Aditya Mulki is associated with Navi AMC as a Fund Manager. He is a CFA (Chartered Financial Analyst) Charterholder from CFA Institute, USA. He joined Navi AMC as an Associate Manager in October 2021 and was promoted to Fund Manager in February 2022. Before joining Navi AMC, he was engaged at Quantum Advisors India as Equity Research Associate and Equity Research Analyst. At Quantum Advisors, Mr Mulki covered consumer discretionary, media, consumer staples, and building materials sectors.

Mr Aditya Mulki manages funds like Navi Large & Midcap Fund, Navi Flexi Cap Fund, Navi Large Cap Equity Fund, Navi Nifty 50 Index Fund, Navi ELSS Tax Saver Fund, etc.

Surbhi Sharma

With an experience of seven (7) years in fixed income markets, Ms Surbhi Sharma is associated with Navi AMC as a Fund Manager – Fixed Income. Besides being a Company Secretary (Banking, Corporate Finance & Securities Law), Ms Sharma is an MBA in Finance. She joined Navi AMC in August 2021 as Fixed Income Dealer and was promoted to her current role in February 2022. Before joining Navi AMC, Ms Sharma worked with DCB Bank as Money Market Dealer, ITI Gilts Ltd. as Fixed Income Dealer, and Goldman Sachs as an Analyst. Her areas of expertise include liquidity management, valuation, financial analysis, market research, corporate law, and the like.

At Navi AMC, Ms Sharma manages the Navi Liquid Fund Super Institutional Plan, Navi Ultra Short Term Fund, Navi Regular Savings Fund, and Navi Equity Hybrid Fund.

How to Invest in Navi Mutual Fund Schemes?

Navi Asset Management Company is one of the newest entrants in the Indian mutual fund space. Navi’s parent company has a proven track record in the digital lending and general insurance space. Navi Mutual Fund offers fifteen (15) top-class mutual fund schemes across asset classes like equity, debt, hybrid, and Fund of Funds. Its mutual fund schemes have consistently delivered benchmark-beating returns.

You can invest in Navi Mutual Fund schemes easily by following the steps mentioned below:

Open 5paisa’s official website
Locate the ‘Open Demat Account’ tab and click on it.
Enter your mobile number, PAN, Aadhar, and email address in the slots provided. After this, take a selfie and put your signature in the E Sign form.
Click on ‘Submit.’
Wait until the account information comes to your registered email address. Evaluate the details in the mail.
Reopen 5paisa’s official website and hit the ‘Login’ tab.
After logging in, search ‘Navi Mutual Fund.’ Select the equity, debt, hybrid, or Fund of Fund scheme you wish to invest in. Also, check the scheme returns, entry and exit load, and minimum investment amount before investing.
Select ‘Start SIP’ or ‘One-Time.’ Select the ‘One-Time’ tab if you want to make a lump sum investment. Lump sum investment generally starts from INR 5,000. SIP or Systematic Investment Plan starts from INR 500.
Enter the investment details and transfer the money using your preferred investment mode (net banking, debit/ credit card, UPI, etc.). After transferring the investment amount, verify your investment status in the order book.
It is wise to know that Navi Mutual Fund usually credits mutual fund units within three (3) working days from the date of investment. So, you may redeem or switch units only after 3 days.

Besides offering a browser-based account opening facility, 5paisa also provides a feature-rich app to smartphone or tablet users. Download the 5paisa app on your Android, iPhone, or Windows Phone to create an all-in-one account and experience hassle-free investing in Navi Mutual Fund schemes.

Top 10 Navi Mutual Fund to Invest

  • Fund Name
  • Min SIP Investment Amt
  • AUM (Cr.)
  • 3Y Return

Navi ELSS Tax Saver Fund – Direct Growth is an ELSS scheme that was launched on 30-12-15 and is currently under the management of our experienced fund manager Aditya Mulki. With an impressive AUM of ₹60 Crores, this scheme's latest NAV is ₹30.3098 as of 12-04-24.

Navi ELSS Tax Saver Fund – Direct Growth scheme has delivered a return performance of 34.3% in the last 1 year, 17.3% in the last 3 years, and an 14.4% since its launch. With a minimum SIP investment of just ₹500, this scheme offers a great investment opportunity for those looking to invest in ELSS funds.

  • Min SIP Investment Amt
  • ₹500
  • AUM (Cr.)
  • ₹60
  • 3Y Return
  • 34.3%

Navi Aggressive Hybrid Fund – Direct Growth is an Aggressive Hybrid scheme that was launched on 30-04-18 and is currently under the management of our experienced fund manager Aditya Mulki. With an impressive AUM of ₹101 Crores, this scheme's latest NAV is ₹20.0943 as of 12-04-24.

Navi Aggressive Hybrid Fund – Direct Growth scheme has delivered a return performance of 28.3% in the last 1 year, 16% in the last 3 years, and an 12.5% since its launch. With a minimum SIP investment of just ₹10, this scheme offers a great investment opportunity for those looking to invest in Aggressive Hybrid funds.

  • Min SIP Investment Amt
  • ₹10
  • AUM (Cr.)
  • ₹101
  • 3Y Return
  • 28.3%

Navi Flexi Cap Fund – Direct Growth is an Flexi Cap scheme that was launched on 09-07-18 and is currently under the management of our experienced fund manager Aditya Mulki. With an impressive AUM of ₹243 Crores, this scheme's latest NAV is ₹23.1987 as of 12-04-24.

Navi Flexi Cap Fund – Direct Growth scheme has delivered a return performance of 34.4% in the last 1 year, 18.8% in the last 3 years, and an 15.9% since its launch. With a minimum SIP investment of just ₹10, this scheme offers a great investment opportunity for those looking to invest in Flexi Cap funds.

  • Min SIP Investment Amt
  • ₹10
  • AUM (Cr.)
  • ₹243
  • 3Y Return
  • 34.4%

Navi Large & Midcap Fund – Direct Growth is an Large & Mid Cap scheme that was launched on 07-12-15 and is currently under the management of our experienced fund manager Aditya Mulki. With an impressive AUM of ₹268 Crores, this scheme's latest NAV is ₹35.9503 as of 12-04-24.

Navi Large & Midcap Fund – Direct Growth scheme has delivered a return performance of 31.5% in the last 1 year, 18.7% in the last 3 years, and an 16.7% since its launch. With a minimum SIP investment of just ₹10, this scheme offers a great investment opportunity for those looking to invest in Large & Mid Cap funds.

  • Min SIP Investment Amt
  • ₹10
  • AUM (Cr.)
  • ₹268
  • 3Y Return
  • 31.5%

Navi Conservative Hybrid Fund – Direct Growth is an Conservative Hybrid scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Surbhi Sharma. With an impressive AUM of ₹32 Crores, this scheme's latest NAV is ₹29.9613 as of 12-04-24.

Navi Conservative Hybrid Fund – Direct Growth scheme has delivered a return performance of 12.3% in the last 1 year, 7.8% in the last 3 years, and an 8.5% since its launch. With a minimum SIP investment of just ₹10, this scheme offers a great investment opportunity for those looking to invest in Conservative Hybrid funds.

  • Min SIP Investment Amt
  • ₹10
  • AUM (Cr.)
  • ₹32
  • 3Y Return
  • 12.3%

Navi Liquid Fund – Direct Growth is an Liquid scheme that was launched on 01-01-13 and is currently under the management of our experienced fund manager Surbhi Sharma. With an impressive AUM of ₹114 Crores, this scheme's latest NAV is ₹26.435 as of 12-04-24.

Navi Liquid Fund – Direct Growth scheme has delivered a return performance of 6.9% in the last 1 year, 5.5% in the last 3 years, and an 6.8% since its launch. With a minimum SIP investment of just ₹10, this scheme offers a great investment opportunity for those looking to invest in Liquid funds.

  • Min SIP Investment Amt
  • ₹10
  • AUM (Cr.)
  • ₹114
  • 3Y Return
  • 6.9%

Navi Nifty 50 Index Fund – Direct Growth is an Index scheme that was launched on 15-07-21 and is currently under the management of our experienced fund manager Aditya Mulki. With an impressive AUM of ₹1,686 Crores, this scheme's latest NAV is ₹14.4752 as of 12-04-24.

Navi Nifty 50 Index Fund – Direct Growth scheme has delivered a return performance of 30.3% in the last 1 year, -% in the last 3 years, and an 14.9% since its launch. With a minimum SIP investment of just ₹10, this scheme offers a great investment opportunity for those looking to invest in Index funds.

  • Min SIP Investment Amt
  • ₹10
  • AUM (Cr.)
  • ₹1,686
  • 3Y Return
  • 30.3%

Closed NFO

Frequently Asked Questions

How can I start Navi Mutual Fund SIP online?

You can invest in Navi Mutual Fund schemes comfortably by opening an all-in-one 5paisa account. Upload your PAN, Aadhar, the E sign form, and a selfie photograph to create your personalised account and invest in the best Navi Mutual Fund schemes.  

How can I redeem Navi Mutual Fund units?

You can redeem your investment in Navi Mutual Fund schemes by logging in to the 5paisa platform. After logging in, locate the scheme(s) you wish to redeem. After selecting the scheme, the platform will ask you to enter the number of units. Type the number of units or amount you wish to redeem. You may redeem part or full units.  

Which Navi SIP is best for 5 years?

Navi Mutual Fund offers 15 schemes for long and short-term investments. You can visit 5paisa to browse the list of top Navi Mutual Fund schemes, evaluate the returns, and invest seamlessly. Risk takers usually invest in Navi’s equity MF schemes, while risk-averse investors prefer investing in debt or hybrid schemes. 

Who is the owner of Navi Mutual Fund?

Mr Sachin Bansal and Mr Ankit Agarwal own Navi AMC. They founded the company in 2018. Navi AMC received the approval of market regulator SEBI in December 2020.   

How can I calculate Navi Mutual Fund SIP?

You can calculate Navi Mutual Fund SIP by entering the investment amount, SIP tenure, SIP instalment record, and the interest rate in the SIP calculator. Click on this link to open the 5paisa SIP calculator.

Which mutual fund scheme is best in Navi?

Navi offers 15 mutual fund schemes across categories like equity, debt, hybrid, and Fund of Funds. Its top schemes are Navi Large Cap Fund, Navi Flexi Cap Fund, Navi Regular Savings Fund, Navi Ultra Short Term Fund, Navi Liquid Fund, Navi Large & Midcap Fund, etc. 

Is it reasonable to invest in Navi Mutual Fund schemes?

Navi Asset Management Company is one of the newest entrants in the Indian mutual fund space. Navi’s parent company has a proven track record in the digital lending and general insurance space. Besides being backed by notable investors like Sachin Bansal and Ankit Agarwal, Navi has all the clearances to accept investment money from the public. 

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