Top Navi Mutual Funds in India – Meaning, Full Form & NAV

Navi Mutual Fund manages multiple schemes across index, hybrid, equity, and international FoF categories. Publicly available reports indicate that its passive product lineup has grown rapidly since launch, with increasing participation in benchmark-based and low-cost offerings, including Nifty 50, Midcap150, Nasdaq-100 exposure, and tax-saving index structures.

List of Top Navi Mutual Funds for 2025

Here are the top Navi MFs in India for 2025, sorted as per their AUM.

Name	AUM	NAV	Absolute Returns - 3M	Absolute Returns - 1Y	CAGR 3Y	CAGR 5Y	Expense Ratio	Exit Load	Volatility
Navi Nifty 50 Index Fund	3714.6	17.0	4.5	9.8	13.1	0.0	0.1	0.0	12.2
Navi US Nasdaq100 FOF	1151.0	19.8	7.9	26.5	32.1	0.0	0.2	0.0	24.3
Navi Nifty Next 50 Index Fund	1022.8	16.1	0.7	0.8	17.1	0.0	0.2	0.0	17.6
Navi US Total Stock Market FoF	975.5	18.6	5.5	17.8	22.2	0.0	0.1	0.0	20.3
Navi Nifty Bank Index Fund	643.2	15.5	6.6	15.7	11.6	0.0	0.2	0.0	13.1
Navi Nifty Midcap 150 Index Fund	346.0	20.9	2.9	8.2	23.2	0.0	0.3	0.0	17.2
Navi Large & Midcap Fund	318.9	43.2	2.4	5.1	14.4	19.5	0.5	0.0	14.4
Navi Flexi Cap Fund	253.3	27.0	3.5	5.5	14.1	17.6	0.6	0.0	13.1
Navi Aggressive Hybrid Fund	126.0	24.0	1.8	8.1	14.4	15.3	0.6	0.0	11.7
Navi ELSS Tax Saver Nifty 50 Index Fund	108.3	15.7	4.5	9.7	0.0	0.0	0.2	0.0	12.2
Navi Nifty India Manufacturing Index Fund	69.8	18.3	3.9	9.3	22.0	0.0	0.4	0.0	15.7
Navi Liquid Fund	66.0	29.3	1.4	6.3	6.7	5.6	0.2	0.0	0.1
Navi ELSS Tax Saver Fund	54.0	35.2	4.3	5.4	14.2	16.3	0.4	0.0	13.0
Navi Nifty IT Index Fund	24.8	10.9	5.2	-12.7	0.0	0.0	0.4	0.0	21.1
Navi Nifty 500 Multicap 50:25:25 Index Fund	24.3	10.1	2.0	5.7	0.0	0.0	0.4	0.0	14.4
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund	23.8	11.2	-2.3	0.0	0.0	0.0	0.3	0.0	17.3
Navi BSE Sensex Index Fund	20.8	13.1	4.5	8.2	0.0	0.0	0.4	0.0	12.1

Disclaimer: Please note that the above list of the Navi mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Note: The data on the list of the best Navi Index funds is from 20th November 2025. This data is derived from the Tickertape Mutual Funds Screener.

• AMC: Navi Asset Management Limited
• Plan: Growth
• AUM: Sorted from highest to lowest

Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.

Overview of Top Navi Mutual Funds

Navi Nifty 50 Index Fund

Navi Nifty 50 Index Fund tracks the Nifty 50 Index and mirrors its constituents in similar proportions. Behaviour typically reflects movements of large-cap Indian equities, sector weightings, and index methodology. Outcomes may vary based on benchmark performance, market cycles, and periodic index rebalancing.

Navi US Nasdaq 100 FoF

Navi US Nasdaq 100 Fund of Fund provides exposure to the Nasdaq-100 through an underlying international fund. Behaviour may reflect technology-heavy global equity trends, currency fluctuations, and the performance of large, US-growth-oriented companies. Returns may vary with global macroeconomic conditions and sector-specific dynamics.

Navi Nifty Next 50 Index Fund

Navi Nifty Next 50 Index Fund replicates the Nifty Next 50 Index, tracking companies positioned below the Nifty 50 constituents. Behaviour may reflect mid- to large-cap movements, sector rotation, and volatility associated with businesses transitioning to the large-cap segment.

Navi US Total Stock Market FoF

Navi US Total Stock Market FoF invests in an underlying global fund that provides exposure to large, mid, and small US companies. Scheme behaviour may reflect currency movement, US market trends, interest-rate environments, and sector dispersion across the broader American equity landscape.

Navi Nifty Bank Index Fund

Navi Nifty Bank Index Fund tracks the Nifty Bank Index, reflecting the performance of major Indian banking companies. Behaviour may vary with credit cycles, policy changes, interest-rate movements, and the broader financial services sector outlook.

Navi Nifty Midcap 150 Index Fund

Navi Nifty Midcap 150 Index Fund mirrors the Nifty Midcap 150 Index. Outcomes may fluctuate due to valuation shifts, business maturity cycles, liquidity patterns, and sector exposure, which are common in the mid-cap universe.

Navi Large & Midcap Fund

Navi Large & Midcap Fund allocates assets to both large and mid-sized companies in accordance with category guidelines. Scheme behaviour may reflect differing volatility, growth characteristics, and valuation conditions across the two market-cap segments.

Navi Flexi Cap Fund

Navi Flexi Cap Fund follows an unrestricted market-cap approach, investing across large-, mid-, and small-cap spaces. Scheme behaviour may vary based on broader equity cycles, allocation decisions, and sector dynamics.

Navi Aggressive Hybrid Fund

Navi Aggressive Hybrid Fund combines equity exposure with a smaller allocation to debt instruments under a hybrid framework. Performance patterns may differ depending on equity volatility, interest-rate trends, and asset-mix adjustments.

Navi ELSS Tax Saver Nifty 50 Index Fund

Navi ELSS Tax Saver Nifty 50 Index Fund follows the Nifty 50 Index structure with a mandatory lock-in as per ELSS category rules. Behaviour may reflect benchmark performance, rebalancing schedules, and the characteristics of large-cap Indian equities.

Key Information About Navi Asset Management

Detail	Information
AMC Name	Navi Asset Management Ltd
Sponsor	Navi MF Sponsor Private Limited (formerly Anmol Como Broking Private Ltd)
Trustee	Navi Trustee Limited
Registered Office	Vaishnavi Tech Square, 7th Floor, Iballur Village, Taluk Bagalur, Begur Hobli, Bengaluru, Karnataka 560102
SEBI Registration Date	March 25 2021 (fresh registration certificate issued under the name Navi Mutual Fund)
Product Focus	Low-cost index funds, ELSS funds and other mutual fund schemes via a digital platform

How to invest in Navi Mutual Funds?

You can easily start to invest in Navi mutual funds by following these steps:

1. To invest in the best Navi mutual funds, you can visit a mutual fund investment platform such as smallcase.
2. The next step is to research and identify the Navi mutual funds that match your financial goals. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
3. Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode and complete the process.

Top Fund Managers of Navi

Saravana Kumar

Saravana Kumar serves as Chief Investment Officer at Navi AMC and oversees investment strategy across the organisation. His responsibilities include portfolio framework execution, asset allocation oversight, and process governance across equity, hybrid, and passive schemes. His experience spans capital markets, institutional portfolio management, and category-specific investment structuring.

Pradeep Sukte

Pradeep Sukte is associated with managing strategies such as arbitrage and selected hybrid structures at Navi AMC. His role typically involves monitoring derivatives exposure, evaluating market spreads, and implementing process-based execution frameworks. His professional background includes exposure to risk management, capital markets, and operational investment activities.

Ashutosh Shirwaikar

Ashutosh Shirwaikar is listed as a fund manager handling selected Navi schemes, with responsibilities covering research, portfolio analysis, and ongoing monitoring of market trends. His role may include aligning scheme mandates with investment processes, reviewing risk frameworks, and coordinating category-specific execution in line with established investment guidelines.

Tanmay Sethi

Tanmay Sethi serves on Navi AMC’s fund management team and contributes to portfolio implementation, analysis, and monitoring across designated schemes. His responsibilities include assessing market conditions, tracking index methodologies where applicable, and ensuring alignment with investment processes and category structures within the AMC environment.

Aditya Mulki

Aditya Mulki is the CEO of Navi AMC and plays a strategic leadership role within the organisation. His work spans product development, platform evolution, oversight of operational processes, and ensuring regulatory alignment. He contributes to the AMC’s broader investment framework, innovation roadmap, and platform-based distribution strategy.

Taxation on Navi Mutual Funds

Fund Category	Type of Gain	Holding Period	Applicable Tax Rate
Equity Funds (Examples: Navi Nifty 50 Index Fund, Navi Bank Index Fund, Navi ELSS Nifty 50)	Short-Term Capital Gains (STCG)	Less than 12 months	20%
	Long-Term Capital Gains (LTCG)	More than 12 months	12.5% (₹1.25 lakh annual exemption applies)
International Fund of Funds (Examples: Navi US Nasdaq 100 FoF, Navi US Total Stock Market FoF)	STCG	Less than 36 months	Taxed as per the individual income tax slab
	LTCG	More than 36 months	12.50%
Hybrid Funds (Example: Navi Aggressive Hybrid Fund)*	STCG	Based on equity or debt classification	Follows category tax rules
	LTCG	Based on the category	Follows equity- or debt-oriented taxation
ELSS Funds (Example: Navi ELSS Nifty 50 Index Fund)**	LTCG applies due to the mandatory 3-year lock-in	More than 3 years (always LTCG)	12.5% (₹1.25 lakh exemption applies)**

*Tax treatment depends on whether the hybrid fund qualifies as equity-oriented or debt-oriented under SEBI rules.

**ELSS remains equity-taxed, but still subject to the current uniform capital gains structure.

Documents Required To Invest in Navi Mutual Funds

To invest in Navi Mutual Funds, certain documents are required as part of the regulatory onboarding and verification process.

• PAN Card: Mandatory for all investors.
• Proof of Identity (PoI): Aadhaar card, Passport, Voter ID, Driving Licence, or any government-issued photo ID.
• Proof of Address (PoA): Utility Bill, Bank Statement, Passport, or any government-issued address proof (not older than 3 months).
• Photograph: Recent passport-size photo with signature across it.

Risks of Investing in Navi Mutual Funds

• Index-Tracking Deviation: Because many Navi schemes are passive, returns may differ from the benchmark due to tracking error, execution methodology, or market liquidity during rebalancing events.
• Category Concentration: Index offerings like Navi Nifty Bank or Nasdaq-linked FoFs may exhibit concentrated exposure to specific sectors or geographies, leading to higher sensitivity to sector cycles or global events.
• Currency-Linked Impact (for Global FoFs): Schemes such as Navi US Nasdaq 100 FoF or Navi US Total Stock Market FoF may be affected by currency fluctuations, US interest-rate changes, or global macro shifts.
• Underlying Fund Dependency (FoF Structure): International FoFs depend on custodian timelines, feeder fund performance, and operational cycles of the underlying overseas structure, which may affect NAV movement.
• Lock-In Constraints (ELSS): ELSS schemes follow mandatory lock-in rules. NAV volatility during the lock-in period cannot be acted upon until regulatory timelines are met.

Factors to Consider While Investing in Navi Mutual Funds

• Passive Strategy Approach: Many Navi schemes follow a rule-based, passive investment approach without active stock selection. Behaviour depends on benchmark methodology rather than human judgment or tactical calls.
• Index Methodology Differences: Exposure varies across Nifty 50, Next 50, Bank, Midcap150, and Flexi structures. Each index follows its own rebalancing schedule, liquidity filter, and sector weightings.
• Global Allocation Role: For FoFs offering international access, factors such as taxation, custodial timelines, and overseas market hours may affect transaction and NAV patterns.
• Expense Structure: Navi emphasises low-cost index products. Expense ratios may influence outcomes more visibly in passively managed schemes when the return differential relative to benchmarks is narrow.
• Rebalancing and Corporate Action Impact: Index-based schemes adjust for changes such as mergers, delistings, or weight modifications, which may briefly increase volatility or tracking deviation during transition windows.

To Wrap Up…

Navi Mutual Fund includes index-based schemes, international feeder funds, and hybrid offerings that operate with varying structures, asset exposures, and tax treatments. Behaviour across schemes may differ based on benchmark methodology, global conditions, and portfolio composition. For those exploring Navi Mutual Fund schemes, smallcase provides access to fund details, historical data, and comparison features. Investors may review available information and proceed based on their independent evaluation or, where required, professional advice.

Frequently Asked Questions About Navi Mutual Funds