Flipkart co-founder Sachin Bansal, supported by the Navi Mutual Fund (Navi MF), has invested heavily in the pipeline product portfolio of joint venture investors. Now, the fund house has applied for the Navi Electric Vehicles and Driving Technology Fund of Fund (FoF) at SEBI. FoF will aim to track the performance of the STOXX Global Electric Vehicles & Driving Technology NET Index, which contains companies from those involved in the production of electric vehicles and assisted driving technology. Following the performance of the index, the fund will invest in a combination of exchange traded currencies and index funds or one of these. Apart from this, Navi MF has filed a few international applications and also included the Navi Nifty India Manufacturing Index Fund, which will be followed by Nifty India Manufacturing. The Nifty index consists of companies, which are subordinate to the manufacturing sector. International currencies include the Navi S&P 500 FoF and the Navi Total China Index FoF. Also read : Five players to watch as the IPL rivals are revived Bansal said, "We are very focused on transaction funds. Customers easily understand financial indicators, we want to sell something where customers can make a decision without advisers. Index funds are very simple. We believe it will be Scale because it's easy to understand." Last month, Navi MF had applied for 10 new funding from SEBI. All of this was money laundering. Less managed funds mimic the performance of the underlying index. Therefore, no fund manager makes effective investment decisions. The final set of investment funds includes the Navi Total US Stock Market FoF, which will provide Indian investors with the Vanguard Fund - the Vanguard Total Stock Market Index Fund Fund. Vanguard is the world's second-largest investor and is a pioneer in investment. Other include Navi Nifty Next 50 Fund, Nifty Midcap 150 Index Fund, Nifty Smallcap Index 250 Fund, Navi NASDAQ 100 Fund of Fund, Navi Nifty 100 ESG Index Fund, Navi Nifty Bank Index Fund, Navi Nifty Commodities Index Fund, Navi Nifty Fund of the IT Index and the Navi Nifty Pharma Index Fund. Also read : With Virat Kohli stepping down as T20I captain, look at what happened to the Dhoni brand without a captain Since transaction fees do not involve effective fund management, these are low costs for investors because there is no need to pay a fund management fee. Bansal had said, "We see low-cost fund management as another opportunity that will allow a large number of retail investors to access joint ventures." Indeed, Navi MF already has a host of actively managed schemes, acquired after the acquisition of Essel MF in February 2021.
