Pune P&V News Service) : Navi Mutual Fund has announced that it will soon launch its Navi Nifty Next 50 Index Fund, an open-ended equity scheme that will replicate the Nifty Next 50 Index. The Nifty Next 50 Index is composed of the next 50 largest companies by market capitalisation after the Nifty 50 companies. The well-diversified fund with allocations across 15 different sectors will offer investors a cost-effective way to invest in the blue-chip companies of tomorrow which offer high potential growth.
Nifty Next 50 Index offers exposure to Nifty 50 companies of the future. Of the 75 stocks that have graduated to the Nifty 50 Index in the last 19 years, 51 have been from the Nifty Next 50 Index.
The Nifty Next 50 index has achieved attractive returns over varied time horizons. Its 1 year, 5 year and 10 year CAGR are 57.7%, 14.4% and 17.1% respectively. Moreover, investing in a combination of Nifty Next 50 & Nifty 50 offers a higher risk adjusted return than investing in Nifty 50 alone, over the long term.
According to a company spokesperson, “We are excited to announce that we’ll be soon launching the Navi Nifty Next 50 Fund. We are committed in our endeavor to bring new investment options to our customers at the lowest cost possible.”
The NFO will open in the 1st week of January 2022 for a period of 15 days. Navi’s Nifty 50 Index Fund which was launched in July this year had collected over Rs. 100 Crore in its NFO.
