Navi Mutual Fund has launched a new Open Ended Growth scheme named "Navi Nifty Smallcap 250 Momentum Quality Index Fund" with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Feb 25 to Mar 10, 2025.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 100.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth.

The fund manager of the scheme will be Ashutosh Shirwaikar, while the performance of the scheme will be benchmarked against Nifty Smallcap250 Momentum Quality 100 Total Return.

The scheme seeks to achieve return equivalent to Nifty Smallcap250 Momentum Quality 100 Index by investing in stocks of companies comprising Nifty Smallcap250 Momentum Quality 100 TRI, subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved.