Navi Mutual Fund

Navi AMC (formerly Essel mutual fund) is founded by Sachin Bansal (co-founder and ex-Chairman of Flipkart) and Ankit Agarwal (ex-banker with Deutsche Bank and Bank of America). The AMC's sponsor is Anmol Como Broking Private Limited and it is registered with the Securities & Exchange Board of India (SEBI) under the same name. The investment manager of Navi Mutual Funds is Navi AMC Limited and the trustee to Navi AMC Limited is Navi Trustee Limited. Not only confined to Navi AMC, Navi also offers a plethora of financial services and products including Personal Loans, Home Loans, vehicle Loans (two wheeler), SME Business Loans and also General Insurance.

Navi AMC was started in December 2018 with a mission to make financial services hassle-free, affordable and simply accessible. It leverages a technology-driven and customer-centric approach to establish products in the financial services space. In January 2021, Navi acquired Essel Finance Mutual Fund and renamed it to Navi. Currently the AMC handles assets worth Rs. 4944.32 crores as of March 2024.

Key Information

Mutual Fund Name: Navi Mutual Fund
AMC Setup Date: Navi was setup in December 2018 but acquired Essel mutual fund in Jan 2021
AMC: Navi AMC Limited
AMC Incorporatin Date: December 2018
Sponsor Name: Anmol Como Broking Private Limited
Trustee Organization: Navi Trustee Limited
Name of Trustees
Compliance Officer: Mr. Mayuresh Vasant Sonavane

List of Navi Mutual Fund in India

Navi Nifty Midcap 150 Index Fund Direct Growth	Equity	Very High	6.51%	227
Navi Nifty Next 50 Index Fund Direct Growth	Equity	Very High	3.99%	733
Navi Aggressive Hybrid Fund Direct Growth	Hybrid	Very High	10.03%	115
Navi Nifty 50 Index Fund Direct Growth	Equity	Very High	8.76%	2922
Navi Nifty Bank Index Fund Direct Growth	Equity	Very High	15.11%	585
Navi Large & Midcap Fund Direct Growth	Equity	Very High	11.58%	294
Navi Flexi Cap Fund Direct Growth	Equity	Very High	5.76%	241
Navi Liquid Fund Direct Growth	Debt	Moderate	6.93%	62
Navi Nifty India Manufacturing Index Fund Direct Growth	Equity	Very High	4.23%	53
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund Direct Growth	Equity	Very High	NA	7
Navi Nifty 500 Multicap 50:25:25 Index Fund Direct Growth	Equity	Very High	NA	22
Navi BSE Sensex Index Fund Direct Growth	Equity	Very High	8.75%	16
Navi Nifty IT Index Fund Direct Growth	Equity	Very High	1.34%	13
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth	Equity	Very High	8.74%	86
See All

Top Fund Managers

1. Mr. Saravana Kumar

Mr. Saravana Kumar is currently the Chief Investment Officer (CIO) at Navi Mutual Fund since 2019. He manages an AuM of Rs. 500 Crore invested in 22 schemes like Navi Multi Cap Fund, Navi Equity Hybrid Fund, etc.

Before joining Navi, Mr. Kumar was the CIO of LIC Mutual Fund. He has also worked with UTI Mutual Fund, SBI Mutual Fund, and ICICI Bank.

Mr. Kumar holds a BE in Electronics and Communication degree from the Government College of Engineering and an MBA degree from IIM Bangalore. He is also a CAIIB from the Indian Institute of Bankers and has completed the Management Development Programme (MDP) on Financial Markets from Merrill Lynch.

2. Mr. Pradeep Sukte

Mr. Pradeep Sukte is positioned as Dealer - Equity & Fund Manager of Navi Arbitrage Fund. Before working with Navi, he worked with Sahara Asset Management Co. Pvt. Ltd., IDFC Securities Limited, Quantum Securities Private Limited, UTI Securities Limited and HDFC Securities Limited. He is a B.Com graduate and has done CFA.

3. Mr. Girish Raj

With a rich experience spanning over 17 years of experience, Mr. Girish Raj works as an analyst in Portfolio Management Services and Broking industry. He has previously worked as Equity Analyst with leading companies including Quest, Independent Research Private Limited (IRPL) and IFCI Financial Services Ltd (IFIN).