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Navi Mutual Fund launched a new index fund, Navi NASDAQ 100 Fund of Fund NFO, that seeks to closely track NASDAQ 100 Index and aims to achieve returns of the index, subject to tracking errors.
The New Fund Offer (NFO) period for the Navi NASDAQ 100 Fund of Fund is from March 3rd 2022 to March 17th 2022. The scheme re-opens for continuous repurchases within five Business Days from the date of allotment.

Objective

The fund’s primary objective is to offer long-term capital appreciation by investing in units of overseas ETF/Index Fund based on the NASDAQ 100 Index. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Navi NASDAQ 100 Fund of Fund NFO Details

Navi NASDAQ 100 Fund of FundDetails
NFO Opening DateMarch 3st 2022
NFO Closing DateMarch 17th 2022
Re-open DateWithin five Business Days from the date of allotment
Type of FundOpen-ended equity index fund
Fund ManagerMr Girish Raj
Minimum Investment AmountINR 500
Minimum Additional Purchase AmountINR 100
Exit LoadNil
SuitabilityVery High
BenchmarkNASDAQ 100 Index
Plans and OptionsRegular Plan & Direct Plan
NOTE:
  • All additional investment amounts should be multiple of INR 1/-
  • Minimum SIP/SWP/STP for monthly frequency is INR 500, quarterly frequency is INR 1000, and half-yearly frequency is INR 2000/-

Who Should Invest in Navi NASDAQ 100 Fund of Fund?

Navi NASDAQ 100 Fund of Fund is a US equity international index fund that tracks the NASDAQ 100 Index. It is suitable for investors seeking long term wealth creation through exposure in global markets. These funds offer higher potential for growth while being prone to significantly higher risk.
This fund aims to achieve the performance of the underlying equity index. Also, it offers good diversification for investors through the underlying index fund. Investors who have a good understanding of risk and global markets can consider investing in this scheme. Also, it suits investors with a long investment horizon of 3+ years.

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Fund Manager

Mr Girish Raj: Mr Raj has more than 17 years of experience in portfolio management services and the broking industry. Before joining Navi Mutual Fund, he was associated with Quest Investment Advisors, IFCI Financial Services Ltd. (IFIN), Pranav Securities Pvt. Ltd., Independent Research Private Limited (IRPL) and Asian Techno Investments Pvt. Ltd. Currently, he manages three schemes at the fund house. Also, He is an MMS finance graduate with a B.Sc in statistics.

Asset Allocation

This scheme follows a passive investment strategy and will primarily invest in Units of overseas ETFs and/or Index Fund based on NASDAQ 100 Index. The AMC will not make any judgements about the underlying index. Therefore, the scheme will only invest in units of the NASDAQ 100 Index, except to meet its liquidity requirements. Also, they will invest in debt instruments as stated in the table.

Types of InstrumentsIndicative Allocation MinimumIndicative Allocation MaximumRisk Profile
Units of overseas ETFs and/or Index Fund basedon NASDAQ 100 Index95%100%High
Debt and Money Market Instruments05%Low to Medium

Concluding Remarks

Navi NASDAQ 100 Fund of Fund is an US equity international fund that tracks the NASDAQ 100 Index offering investors exposure in global markets. It follows a passive investment strategy by investing in units of the underlying fund. The primary objective is to deliver long term capital appreciation for investors. Furthermore, this fund offers a SIP facility for investors to invest regularly and an SWP facility to earn regular income.
Navi NASDAQ 100 Fund of Fund is suitable for investors who understand and are willing to take risk by investing in global markets through mutual funds. Furthermore, a long-term investment horizon is recommended because it is a pure equity scheme with overseas exposure. Moreover, because the fund does not guarantee returns, it is advisable to monitor the investments closely.

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