New NFO: According to the mutual fund business, investors will be able to invest in the country’s rising companies through this fund. People who invest in mutual funds now have a new investment option. A new fund offer has been launched by Navi Mutual Fund (NFO). The Navi Nifty Midcap 150 Index Fund is a mutual fund that invests in stocks. This NFO is now open and will close on March 2nd, 2022. According to the mutual fund firm, investors will be able to invest in the country’s rising companies through this fund. This fund has a total expense ratio (TER) of just 0.12%. It is the most affordable fund in its class.
- The expense ratio of the fund for direct plans is 0.12 per cent, which is the lowest in the category.
- NFO is already open and will be closed on 2nd March 2022.
- The mutual fund company claims that through this fund, investors will get an opportunity to invest in emerging companies of the country.
You can invest in portfolio for diversification
As an investor, you have the option of investing through several online platforms like as PaytmMoney, Groww, INDMoney, Zerodha Coin, or through the company’s local distributors. At some periods, the Nifty Midcap 150 Index has produced positive results. It has a one-year CAGR of 46.1 percent, a five-year CAGR of 18.7 percent, and a ten-year CAGR of 19.6 percent. Investors in large-cap equities should consider investing in mid-cap firms to diversify their portfolios, according to the company.
Opportunity to invest in mid-cap companies at very affordable prices
“Nifty Midcap 150 Index has outperformed Nifty 100 Index in 10 of the previous 16 calendar years in CY 2005-20,” according to a Navi Mutual Fund representative. “Investors may now participate in mid-cap firms at relatively low costs thanks to Navi’s new fund.” This is the company’s fourth fund launch this year. In January, the business introduced the Nifty Next 50 Index Fund and the Nifty Bank Index Fund. In February, the US Total Stock Market Fund of Funds was also established. By the end of March, Navi intends to create three additional funds.