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Wednesday, March 2, 2022

Navi Nifty IT Index fund | NFO Review | Nivesh Gyan | Jignesh Parmar

NAVI NIFTY IT INDEX FUND




An open-ended equity scheme replicating / tracking Nifty IT Index New Fund Offer Opens on: 03 Mar,2022 New Fund Offer Closes on:14 Mar,2022 Type of Scheme: An open-ended scheme replicating /tracking Nifty IT Index Investment objective The investment objective of the scheme is to achieve return equivalent to Nifty IT Index Index by investing in stocks of companies comprising Nifty IT Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Benchmark Nifty IT Index TRI (Total Return Index) Loads Entry Load : NIL Exit Load : NIL Stamp duty : 0.005% Redemption of units would be done on First in First out Basis (FIFO). Investment Plans/Options
The Scheme has two Plans: Regular & Direct Minimum Application Amount Rs. 500/- and in multiples of Re. 1/- thereafter Minimum Additional Purchase Amount Rs. 100/- and in multiples of Re. 1/- Minimum application amount is applicable only at the time of creation of new folio. Each Plan offers Growth Option. This product is suitable for investors who are seeking* • Capital appreciation over the long term. • Equity and equity related securities covered by Nifty IT Index. • Return that corresponds to the performance of Nifty IT Index , subject to tracking error. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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