Navi Mutual Fund feedback

Not Received Any Calls But Received Loans Sms... Dm On Twitter Within 1 Day They Will Deactivate The Promotional Sms/Call From Their Side... Their Customer Support Is Good.

I Got Msg Like This

Dear Customer,
5Lac Cash Loan is Successfully Approved.
Directly credited to your account by Navi Personal Loan.
Click - http://1kx.in/...8s CREDIT CARDON

First time even hearing about this MF.

@Ramta_Jogi

guest_999 wrote:

First time even hearing about this MF.

@Ramta_Jogi

I have my investments in their schemes. 

They do start off with very low expense ratio like 0.1-0.12% but increase it to around industry average 0.3% in 6-8 months time. 

You can invest in their schemes now through CAMS (earlier it was Kfintech).

OP is referring to 2021 issues with Navi. They stopped doing that. 

Ramta_Jogi wrote:

I have my investments in their schemes. 

They do start off with very low expense ratio like 0.1-0.12% but increase it to around industry average 0.3% in 6-8 months time. 

You can invest in their schemes now through CAMS (earlier it was Kfintech).

OP is referring to 2021 issues with Navi. They stopped doing that. 

They have still kept Nifty fund lowest TER

guest_999 wrote:

First time even hearing about this MF.

@Ramta_Jogi

Navi MF is owned by the poster boy of Internet - Sachin Bansal. He acquired Essel MF and launched Navi Mutual Fund. It's known for low cost TER.

dhinchakrohit wrote:
They have still kept Nifty fund lowest TER

0.27% is not exactly lowest after what they initially came up with (0.1%)

Ramta_Jogi wrote:
0.27% is not exactly lowest after what they initially came up with (0.1%)

That is for regular plan. The Direct plan TER is 0.06%. For comparison, Almost all other nifty funds have TER for direct plans at > 0.2%.

kkk05 wrote:
That is for regular plan. The Direct plan TER is 0.06%. For comparison, Almost all other nifty funds have TER for direct plans at > 0.2%.

what about tracking error and slippage?

kkk05 wrote:
That is for regular plan. The Direct plan TER is 0.06%. For comparison, Almost all other nifty funds have TER for direct plans at > 0.2%.

It's 0.27% for direct plan as on Feb 28, 2023. Some sites mention 0.12%. I don't use Navi App. 

0.06% was when It was launched in July, 2021.

noobDealer wrote:
what about tracking error and slippage?

Data period too less to even analyse that. 

Ramta_Jogi wrote:

It's 0.27% for direct plan as on Feb 28, 2023. Some sites mention 0.12%. I don't use Navi App. 

0.06% was when It was launched in July, 2021.

https://www.valueresearchonline.com/funds/41574...
Look for expense ratio.
0.06% for direct plan and 0.27% for regular plan. Please post a link if some where it shows 0.27%.

kkk05 wrote:
Please post a link if some where it shows 0.27%.

https://www.moneycontrol.com/mutual-funds/navi-...

Ramta_Jogi wrote:

https://www.moneycontrol.com/mutual-funds/navi-...

That site shows 0.27% for both direct and regular plans, which can't be true by regulations. And every other site shows 0.06% for Direct plan.
EDIT: I checked VRO, groww, ETMoney and a few others. Every where it shows 0.06%. Probably a mistake on money control site.

kkk05 wrote:
That site shows 0.27% for both direct and regular plans, which can't be true. And every other site shows 0.06% for Direct plan.

I have gone through their SID on site (Navi), it shows last update of April 30, 2022.

I haven't received any intimation from Navi MF (unlike others) about their updated SID , which is quite surprising.

Can't find the same on their site too.

Ramta_Jogi wrote:
I have gone through their SID on site (Navi), it shows last update of April 30, 2022.

I haven't received any intimation from Navi MF (unlike others) about their updated SID , which is quite surprising.

Can't find the same on their site too.

If there's no change you won't receive any update right?

Their Key Information memorandum still shows same [Edit: TER NAV] as it was earlier -> 0.06% for direct plans

Neo53 wrote:
If there's no change you won't receive any update right?
Their Key Information memorandum still shows same NAV as it was earlier -> 0.06% for direct plans

They have to keep sending NAVs TER once a quarter.

KIM doesn't show NAV and even if it does, it cannot be same NAV as when fund was open under NFO.

You are misreading something, somewhere

Ramta_Jogi wrote:

They have to keep sending NAVs TER once a quarter.

KIM doesn't show NAV and even if it does, it cannot be same NAV as when fund was open under NFO.

You are misreading something, somewhere

I'm not misreading anything anywhere -> I'm reading what shows on official website document, SEBI registered popular broker websites like Groww, Coin by Zerodha, etc

AmfiIndia shows 0.06% Ter
https://www.amfiindia.com/ter-of-mf-s...es -> go and search it  

Neo53 wrote:
I'm not misreading anything anywhere -> I'm reading what shows on official website document,

That document on their site doesn't mention anything about NAV or expense ratio.

I have sent an email to Navi asking clarification on the same.

Ramta_Jogi wrote:

That document on their site doesn't mention anything about NAV or expense ratio.

I have sent an email to Navi asking clarification on the same.

Not NAV, I mistakenly wrote NAV but am talking about TER (as mentioned 0.06%)
It's written in document, AmfiIndia website, All Mutual fund website where you can buy

Neo53 wrote:
Not NAV, I mistakenly wrote NAV but am talking about TER (as mentioned 0.06%)
It's written in document, AmfiIndia website, All Mutual fund website where you can buy

All said and done.. I have my reservations on the actual difference in returns that would make even if I take 3 Nifty Funds from different AMC, with different TER, on the same date for the next 3 years. These start making difference over an extended period of time # 7+ years. 

Will buy in next stock market down swing.