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HomeMoneyNifty 50: If you want to invest in Diversified Fund, then Nifty...

Nifty 50: If you want to invest in Diversified Fund, then Nifty Next 50 Index Fund is coming, know who is launching it

Highlights

  • Navi Mutual Fund is launching Next 50 Index Fund
  • Its NFO will open for 15 days in the first week of January next
  • It is an open-ended equity scheme representing the next 50 large-cap companies after Nifty 50 companies.

New Delhi
You want to invest in blue-chip companies. Also, want to keep your portfolio diversified. So New Fund Offer (NFO) of a mutual fund is coming for you. Navi Mutual Fund has announced that it will soon launch its Navi Nifty Next 50 Index Fund. It is an open-ended equity scheme and is based on the Nifty Next 50 Index.

Made up of 50 largest companies
The Nifty Next 50 Index is made up of the next 50 largest companies based on market capitalization after the Nifty 50 companies. It is said to be a well diversified fund with investments in 15 different sectors. This will provide investors with a cost-effective way to invest in the blue-chip companies of tomorrow. It has high growth potential. It is worth mentioning that Nifty Next 50 Index gives an opportunity to invest in future Nifty 50 companies.

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Successful in delivering attractive returns
If we look at the accounts of the last 19 years, out of 75 stocks that appear in the Nifty 50 index, 51 are from the Nifty Next 50 index. Nifty Next 50 Index has generated attractive returns at different times. Its 1-year, 5-year and 10-year CAGRs have been 57.7 percent, 14.4 percent and 17.1 percent, respectively. Also investing in combination of Nifty Next 50 and Nifty 50 gives higher risk adjusted returns over the long term than investing in Nifty 50 alone.

NFO will open in the first week of the new year
This NFO will open in the first week of January 2022 for a period of 15 days. Navi’s Nifty 50 Index Fund which was launched in July this year. He had raised funds of more than Rs 100 crore in NFO.

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