If you want to earn good money by investing less money then Flipkart has brought a great opportunity for you. This opportunity is from July 3 to July 12.
E-commerce company Flipkart has come up with the cheapest mutual fund ever. The name of this fund is Navi Nifty 50 Index Fund. It can also be called Navi Mutual Fund. If you want maximum returns, then there cannot be a better or cheaper investment option than this. The new fund offer of Navi Nifty 50 Index Fund will be open for subscription from 3 July 2021 to 12 July 2021.
Sachin Bansal, co-founder of Flipkart, has announced the launch of Navi Nifty 50 Index Fund, an open-ended equity scheme that will mimic the Nifty 50 Index, with a passive fund more than any other index scheme. will have the lowest cost. The 10-day NFO will open on 3rd July and close for subscription on 12th July. The investment objective of the scheme is to achieve returns at par with the Nifty 50 Index by investing in the shares of the index companies subject to tracking error, a press statement said.
The 0.06% expense ratio offered by the fund for Direct Plan Offerings is the lowest ever in the Index Schemes category. The category average expense ratio for index funds is 0.25% and many existing index funds are charging expense in the range of 0.15-0.20%. However, readers should note that some exchange-traded funds (ETFs) that are passive in nature such as index funds have low expense ratios, as data from Value Research shows. ETFs require a demat and trading account for buying and selling but index funds can be bought and sold directly from the fund house. Nifty has given five-year CAGR of 15.7 per cent and 10-year CAGR of 12.5% (till June 25).
However, active funds tend to perform well when a lot of sectors in the market are in rotation or are switching from growth to value stocks. It is an open-ended equity scheme. The fund’s total expense ratio in the direct plan will be 0.06%. TER means the cost of asset management fees and other expenses charged to investors.
