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Navi ELSS Tax Saver Nifty 50 Index Fund(G)-Direct Plan
Univest 2 hrs ago·18 Sept 2026, 5:19 pm
Navi Mutual Fund has launched a new direct plan for its ELSS Tax Saver Nifty 50 Index Fund. This fund aims to track the performance of the Nifty 50 index, which comprises the 50 largest and most liquid companies listed on the National Stock Exchange. By investing in this fund, you are essentially buying a basket of India's top blue-chip stocks, providing instant diversification across sectors.
For investors, this launch offers a new option for tax-saving under Section 80C. The fund's primary goal is to generate long-term capital appreciation by mirroring the index's returns. As an index fund, it typically has lower expense ratios compared to actively managed funds, which can help in maximizing returns over a long investment horizon.
Investors should monitor the fund's performance against the Nifty 50 index to ensure it is delivering the expected returns. Since it is a direct plan, the expense ratio will be lower, which is beneficial for long-term investors. The lock-in period of three years is a key feature to consider before investing.
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