Navi Mutual Fund: Navi’s new fund offers a bet on a diversified portfolio of US stocks

The fund’s direct plan will have a total expense ratio of 9 basis points, making it one of the cheapest international fund options. The NFO is open until February 18.


While several mutual fund schemes have been asked by the capital markets regulator to stop accepting streams into their schemes with the $7 billion limit for offshore mutual fund investments close to reaching the limit, there is a separate $1 billion limit for investing in offshore-listed exchange-traded funds (ETFs), which is still open.

Investors wishing to bet on the American markets could subscribe to the new fund offering (NFO) of the fund of funds US Total Stock Market of Navi Mutual Fund. They should, however, spread out their investments rather than lump sum purchases, as US equities could be vulnerable due to the US Federal Reserve’s cash reduction plans and high valuations. It is one of the few overseas investing domestic mutual funds that still accepts new

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Dolores W. Simon