Expense ratio, exit load and tax
Expense ratio: 1.13%
Inclusive of GST
Exit load
Exit load of 0.25% if redeemed within 1 month.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Fund management
Education
Mr. Kumar has an Engineering degree in Electronics & Telecommunications. He is an MBA (Finance) from IIM Bangalore & is a CAIIB.
Experience
Prior to joining Navi Mutual Fund he has worked with LIC Mutual Fund, he had been Head of Investments at Trust Investment Advisors Pvt. Ltd.(Oct'13-April'15), CIO at AIA Life Insurance Co. Ltd.(Oct'09-Sept'13) , Dy. GM at ICICI Bank Ltd.(Mar'03-Sept'09) & Fund Manager at SBI(2001-2003).
Managed Schemes
Navi Large Cap Equity Fund Direct Growth
Navi Conservative Hybrid Fund Direct Growth
Navi Liquid Fund Direct Growth
Navi 3 in 1 Fund Direct Growth
Navi Ultra Short Term Fund Super Institutional Plan Direct Growth
Navi ELSS Tax Saver Fund Direct Growth
Navi Large & Midcap Fund Direct Growth
Navi Aggressive Hybrid Fund Direct Growth
Education
Mr. Sukte has done CFA and B.Com
Experience
Prior to joining Essel Mutual Fund he has worked with Sahara Mutual Fund, IDFC Securities Ltd., Quantum Securities Pvt. Ltd., UTI Securities Ltd., HDFC Securities Ltd.