Navi Mutual Fund launches Nifty Next 50 Index Fund

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Navi Mutual Fund has announced the launch of 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 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.

The fund house says that, 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.