Business Standard

Index funds under focus as Navi MF looks to disrupt the market

NFO for Navi Nifty 50 Index Fund opens July 3; scheme will have expense ratio of just 0.06% under the direct plan and 0.26% under regular plan which is bought through an intermediary

mutual funds, MF

Photo: Shutterstock

Sanjay Kumar Singh Mumbai
Index funds are in the news after Sachin Bansal-backed Navi Mutual Funds (MF) launched a Nifty 50-benchmarked fund that has the lowest expense ratio in the industry. The new fund offer (NFO) for the Navi Nifty 50 Index Fund opens on July 3. The scheme will have an expense ratio of just 0.06 per cent under the direct plan and 0.26 per cent under the regular plan (which is bought through an intermediary).

Until now, the cheapest index funds under the direct plan were offered by ICICI Prudential and Motilal Oswal MF. They had an expense ratio of 0.10 per

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 29 2021 | 6:31 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to