July 13, 2024
mayank
Navi Nifty 500 Multicap 50:25:25 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Navi Nifty 500 Multicap 50:25:25 Index Fund Open Date, Close Date?
NFO opens on July 18, 2024
NFO will close on July 30, 2024
What is the Investment Strategy?
The scheme seeks to achieve return equivalent to Nifty 500 Multicap 50:25:25 Index by investing in stocks of companies comprising Nifty 500 Multicap 50:25:25 Index, subject to tracking error.
Basic Details
| Fund House | Navi Mutual Fund |
| Issue Open | 18 July 2024 |
| Issue Close | 30 July 2024 |
| Type | Open-ended |
| Category | Equity: Multi Cap |
| Min. Investment(Rs) | 10 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty 500 Multicap 50:25:25 Index |
What is the Benchmark Index of Navi Nifty 500 Multicap 50:25:25 Index Fund?
The Nifty500 Multicap 50:25:25 index aims to measure the performance of portfolio of large, mid and small market capitalisation companies with target weights assigned to each size segment.
The Nifty500 Multicap 50:25:25 index includes all companies that are part of Nifty 500 index. While in Nifty 500 index, the total weight of each size segment (Large, Mid and Small cap) is based on the total free float market capitalisation of all stocks falling within that size segment, in Nifty500 Multicap 50:25:25 index, the total weight to each of these three segments (Large, Mid and Small cap) is fixed at 50%, 25% and 25% respectively at every quarterly rebalance date. The weight of 50%, 25% and 25% for the three segments are further divided amongst stocks within the respective segment based on underlying stock’s free float market capitalisations. Weight of each size segment may be different from its respective capped level between two rebalance dates due to price drift of underlying stocks.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty500 Multicap 50:25:25 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 13.70 | 18.03 | 44.55 | 21.64 | 15.39 |
| Total Return | 14.02 | 18.54 | 45.81 | 22.89 | 16.93 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.46 | 18.57 | 20.26 |
| Beta (NIFTY 50) | 1.02 | 0.91 | 0.89 |
| Correlation (NIFTY 50) | 0.90 | 0.94 | 0.94 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 28.37 | 4.56 | 0.97 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 4.79 |
| Reliance Industries Ltd. | 4.00 |
| ICICI Bank Ltd. | 3.19 |
| Infosys Ltd. | 2.14 |
| Larsen & Toubro Ltd. | 1.57 |
| Tata Consultancy Services Ltd. | 1.49 |
| ITC Ltd. | 1.48 |
| Bharti Airtel Ltd. | 1.46 |
| Axis Bank Ltd. | 1.36 |
| State Bank of India | 1.23 |
Performance Review of the Fund Managers of Navi Nifty 500 Multicap 50:25:25 Index Fund?
1) Aditya Mulki
Education:Mr. Mulki is a CFA and B.COM
Experience:Prior to joining Navi Mutual Fund, he has worked for close to 6 years at Quantum Advisor Ltd as an Equity Research Analyst.
Past Performance of his Schemes
| Fund | Navi Flexi Cap Fund | It’s Benchmark | Navi Large & Midcap Fund | It’s Benchmark |
| 1 Year | 28.57 | 39.85 | 27.13 | 37.67 |
| 3 Year | 17.23 | 20.66 | 18.22 | 20.06 |
| 5 Year | 16.80 | 21.02 | 17.96 | 19.88 |
| 7 Year | — | — | 13.75 | 16.24 |
| 10 Year | — | — | — | — |
As on 13-07-2024
2) Ashutosh Shirwaikar
Education: Mr. Shirwaikar has done MMS and CFA
Experience: Prior to joining Navi MF, he has worked with Quantum AMC and ICICI Bank
Past Performance of his Schemes
| Fund | Navi ELSS Tax Saver Nifty 50 Index Fund | It’s Benchmark | Navi Nifty 50 Index Fund | It’s Benchmark |
| 1 Year | 26.05 | 39.85 | 27.43 | 33.04 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 13-07-2024
Which Company Owns Navi Nifty 500 Multicap 50:25:25 Index Fund?
Navi AMC Limited
Address: 7th Floor, Wing B, Prestige RMZ Startech, No. 139, 2, Hosur Rd Koramangala Industrial Layout, S.G. Palya. Bangalore – 560095
Website: http://www.navimutualfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Navi Nifty 500 Multicap 50:25:25 NFO?
Guidance for Navi Nifty 500 Multicap 50:25:25 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The benchmark index The Nifty500 Multicap 50:25:25 index aims to measure the performance of portfolio of large, mid and small market capitalization companies with target weights assigned to each size segment. During last one year, the benchmark index has offered return of 45.81% which is quite impressive. We have tried to assess the stock-picking ability and performance of the fund managers. WE have observed out of the schemes managed by them, randomly selected 3 schemes have provided unimpressive returns in the past. This is serious negative aspect for this IPO.
If we try to estimate the trend projection for the Top constituents of the benchmark index, by weightage, they are expected to show strong gains in the coming months. Looking to the risk-return ratio of this NFO, small investment is suggested.
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