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- Formerly known as Essel Mutual Fund, Navi Mutual Fund is a wholly-owned subsidiary of the Essel Group. The fund house offers optimal investment solutions with equal focus on credit, liquidity and duration. Navi AMC Limited manages assets worth Rs. 747 crores and its current mutual fund offerings include 29 equity, 14 debt and 32 hybrid funds.
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Navi Mutual Fund. Navi AMC (formerly Essel mutual fund) is founded by Sachin Bansal (co-founder and ex-Chairman of Flipkart) and Ankit Agarwal (ex-banker with Deutsche Bank and Bank of America). The AMC's sponsor is Anmol Como Broking Private Limited and it is registered with the Securities & Exchange Board of India (SEBI) under the same name.
Essel Finance Mutual Fund was renamed Navi Mutual Fund in April 2021. The fund house had Rs 5359.30 crores as assets under management (AUM) as of March 31, 2024. Navi Mutual Fund offers 17 mutual fund schemes, out of which 13 are equity schemes, 2 are debt schemes, and 2 are hybrid schemes.
- Dec 04, 2009
- Navi Mutual Fund
- Rajiv Naresh
- Navi Trustee Ltd.
Navi Mutual Fund offers a wide array of investment options - from a range of low-cost index funds to ELSS funds among other investment options across sectors, market caps and geographies to help investors meet their unique financial goals.
Navi AMC is an emerging player in the asset management industry in India, having 14 mutual fund schemes. Among these, 12 are equity schemes, 2 are debt, and 2 are hybrid schemes. Some of its top schemes include Navi Nifty Next 50 Index Fund-Direct Growth, Navi Nifty Midcap 150 Index Fund-Direct Growth and Navi Liquid Fund Direct Plan Growth Option.
Formerly known as Essel Mutual Fund, Navi Mutual Fund is a wholly-owned subsidiary of the Essel Group. The fund house offers optimal investment solutions with equal focus on credit, liquidity and duration.
Navi Mutual Fund is one of the growing AMCs in India, known for its strong past performance as Essel Finance Mutual Fund. While past returns are impressive, consider factors like risk, volatility, fund manager expertise, and your personal risk tolerance and return goals before investing.
In January 2021, Navi acquired Essel Finance Mutual Fund and rebranded it as Navi. You can start an SIP or make lumpsum investment in the mutual funds offered by Navi Mutual Fund with Bajaj Finserv. The company have an average AUM of INR 1,756.5747 cr as of September 2022.