Navi Mutual Fund launches Nifty Next 50 Index Fund, NFO closes on Jan 14

Navi Nifty Next 50 Index Fund aims to replicate a portfolio comprising stocks of the Nifty Next 50 Index. It proposes to charge a TER of 0.12% p.a. for direct plans, the lowest in this category*. The fund is currently available to invest on platforms including Paytm Money, Kuvera, Coin, Groww and INDmoney. The NFO closes on Friday, January 14.