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.
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.
Top 10 Navi Mutual Funds Schemes –
| Name of the Mutual Fund | Navi Mutual Fund |
| Asset Management Company Name | Navi AMC Limited |
| Current Status | Active |
| Date of Incorporation | 09 April 2009 |
| Sponsor Name | Anmol Como Broking Private Limited |
| Trustee Name | Navi Trustee Limited |
| Managing Director & Chief Executive Officer | Saurabh Jain |
| Directors | Saurabh Subhash Jain (Director)
Arindam Haraprasad Ghosh (Director) Ankit Agarwal (Director) Nachiket Madhusudan Mor (Additional Director) Usha Narayanan (Director) |
| Registered Office | 7th Floor, Wing B, Prestige RMZ Startech, No. 139, 2, Hosur Rd, Koramangala Industrial Layout, S.G. Palya, Bangalore- 560095 |
| Corporate Identification Number (CIN) | U65990WB2009PLC134537 |
| Registration number | 134537 |
Navi AMC Top Managers
1. 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.
2. 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.
3. 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.
4. 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.