Navi Mutual Fund

About Navi Mutual Fund

Navi Mutual Fund is run by Navi AMC, part of the Navi group founded by Sachin Bansal, co-founder of Flipkart, one of India's best-known e-commerce companies. The fund house was formerly known as Essel Mutual Fund before Navi's acquisition.

Ownership and Heritage

Sachin Bansal's Navi group acquired Essel Mutual Fund from the Essel Group in a deal cleared by the Competition Commission of India, with the transaction completing in February 2020, after which the fund house was renamed Navi Mutual Fund. This gave Navi, a technology-focused financial services group with businesses spanning lending and insurance, its entry point into the regulated asset management industry.

Fund Range and Approach

Since the acquisition, Navi Mutual Fund has built out a range of primarily passive, low-cost index funds and ETFs - including index funds tracking broad market benchmarks - reflecting a technology-driven, low-cost positioning consistent with Navi's broader consumer fintech products.

Who Should Consider Navi Mutual Fund

Investors who specifically want low-cost, simple index-tracking funds, and who are comfortable with a technology-focused, relatively newer ownership structure (since the 2020 rebrand from Essel), may find Navi Mutual Fund's passive fund range convenient.

A Note on the Essel-Era History

Because Navi Mutual Fund only took its current name and ownership in 2020, any older performance history for a scheme may reflect the prior Essel Mutual Fund era and management team. Check the current fund manager's tenure specifically when evaluating any scheme's track record, and note this matters less for its passive index funds, where performance mostly tracks the underlying index.

Checking a Scheme's Risk-o-Meter

Every Indian mutual fund scheme is required to display a standardised risk-o-meter (ranging from "Low" to "Very High") on its factsheet, reflecting SEBI's categorisation rules for that specific fund type. Checking this alongside the scheme's exact category label - not just its name - is a quick way to confirm a fund actually matches the risk level you're comfortable with before investing, regardless of which AMC runs it.

Checking Total Expense Ratio Trends

SEBI requires every AMC to publish each scheme's total expense ratio (TER) regularly, and TERs can change over time as a scheme's assets under management grow (regulations generally allow a lower TER ceiling for larger schemes). It's worth checking a scheme's current TER directly on the AMC's factsheet rather than relying on a figure that may be a few months old, since even a small change compounds meaningfully over a long holding period.

Reading the Scheme Documents

Before investing in any specific scheme, it's worth reading its scheme information document (SID) and key information memorandum (KIM), both freely available on the AMC's own website - these spell out the exact investment mandate, risk factors, benchmark, and exit load in far more detail than any summary page, including this one, can provide.

Costs: Direct vs Regular Plans

Navi schemes are available as Direct Plans or Regular Plans. Use the Expense Ratio Impact Calculator on this site to estimate the long-term rupee difference between the two, though the gap is typically smaller for passive funds.

Investing With Navi Mutual Fund

Every Navi scheme tracked on this site shows live NAV, computed CAGR and absolute returns, and expense ratio, sourced from AMFI India and MFAPI - see the scheme list below, or open any individual scheme's page to project a SIP or lumpsum investment using its own historical performance and current NAV.