Navi Mutual Fund increases minimum application amount from Rs 10 to Rs 100 in 13 schemes

Navi Mutual Fund has announced a revision in the minimum application amount for fresh and additional purchases for its 13 schemes, increasing it from Rs 10 to Rs 100.

The fund house communicated this change to its unitholders through a notice-cum-addendum. The revised minimum application amount will be effective from February 4. The change applies to fresh purchases, additional purchases, including systematic transactions, and switches.

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The minimum investment amount has been changed for the following schemes:

Name of the schemes	Features	Existing	Revised
Navi Flexi Cap Fund Navi Liquid Fund Navi Large & Midcap Fund Navi Aggressive Hybrid Fund Navi Nifty 50 Index Fund Navi US Total Stock Market Fund of Fund* Navi NASDAQ 100 Fund of Fund* Navi Nifty Bank Index Fund Navi Nifty Midcap 150 Index Fund Navi Nifty India Manufacturing Index Fund Navi BSE Sensex Index Fund Navi Nifty IT Index Fund Navi Nifty 500 Multicap 50:25:25 Index Fund	Minimum Application Amount/ switch in	Rs 10 and in multiples of Re 1/- thereafter	Rs 100 and in multiples of Re 1 thereafter
	Minimum Additional Purchase Amount	Rs 10 and in multiples of Re 1 thereafter

Source: Navi Mutual Fund

Navi US Total Stock Market Fund of Fund and Navi NASDAQ 100 Fund of Fund will not accept inflows or subscriptions (including lump sum, switch-ins, new/existing registrations of Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP)) as per AMFI communication vide letter no. 35P/MEM-COR/126 dated March 20, 2024. This restriction will remain until inflows are reopened.

The modification will apply to prospective investments made from the effective date.

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Navi AMC Limited reserves the right to change or modify the minimum application amount for its schemes at any time in the future. All other terms and conditions of the schemes will remain unchanged.

This addendum forms an integral part of the Scheme Information Document(s), Key Information Memorandum(s), and Statement of Additional Information (SAI) issued for the schemes, along with the addenda issued thereunder.

According to data from ACE MF, the fund house currently manages 16 schemes, with the investment amount revised for 13 of them.

As reported earlier by ETMutualFunds, in 2022, the fund house had reduced the minimum application amount across its schemes to Rs 10, excluding the ELSS fund.