Navi Mutual Fund (Navi MF) has launched Navi Nifty Smallcap250 Momentum Quality 100 Index Fund, an open-ended fund that will replicate and track the Nifty Smallcap250 Momentum Quality 100 Index.
The new fund offer (NFO) — opened on February 25, 2025 — concludes on March 10, 2025.
Covering the top 100 constituents of the Nifty Smallcap 250 Index, the fund combines the growth potential of small-cap stocks with the power of factor investing.
The momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earnings (EPS) growth variability analysed during the previous 5 years.
With a total expense ratio (TER) of 0.35 per cent (direct plan), the index fund provides investors with a low-cost access to smallcap stocks. They can invest in the new fund starting from ₹100.
Navi Mutual Fund offers a wide array of investment options from a range of low-cost index funds and ELSS funds among other options. Navi AMC Ltd, the investment manager to Navi Mutual Fund, has its registered office in Bengaluru. In addition, Navi also offers various financial services and products, including UPI, cash loans, housing loans, and general insurance