Investment Objective and Approach

The scheme seeks to generate medium to long-term capital appreciation by investing predominantly in equity and equity related securities of midcap companies & large cap companies. The fund maintains a minimum investment of 35% of total assets in equity & equity related instruments of large cap companies and 35% in mid cap stocks.

As per the Securities and Exchange Board of India (SEBI) rules, large and mid-cap funds must invest a minimum of 35% of the corpus in large-cap stocks and another 35% in mid-cap stocks. Large-cap stocks are the top 100 stocks, and the mid-cap stocks are the next 101-250 stocks in terms of market capitalisation.

The fund follows a diversified investment approach across various sectors. In terms of sectoral allocation, it invests 24.70% in the financial sector, 10.35% in healthcare, 9.78% in automobiles, 9.51% in technology, 9.32% in capital goods and 36.34% in others.

Key investment features include:

- The fund was launched on Nov 16 2015

- The expense ratio is 0.35%

- The minimum SIP amount is ₹100

- The fund has delivered a CAGR of 15.37% since inception (as of April 2025)

Fund Managers

Amit Nigam is the current Fund Manager of Navi Large & Midcap Fund. Mr. Nigam is BE from IIT, Roorkee and PGDBM from IIM, Indore. Prior to joining Invesco Mutual Fund, he has worked with Essel Finance AMC Ltd., BNP Paribas Asset Management India Pvt. Ltd.

The fund also benefits from the overall investment leadership of Aditya Mulki, an investment professional with close to a decade of experience in equity research and fund management. As the Head of Investments at Navi AMC, he currently manages an AUM of ₹7,000 crores encompassing both active and passive schemes. His expertise lies in mid-cap equities, emerging markets, and value investing, making him a key player in the asset management industry.

About the Fund House (AMC)

Navi is an Indian financial services company founded by Sachin Bansal and Ankit Agarwal in 2018. Navi AMC (formerly Essel mutual fund) is founded by Sachin Bansal (co-founder and ex-Chairman of Flipkart) and Ankit Agarwal (ex-banker with Deutsche Bank and Bank of America).

Navi acquired Essel Mutual Fund, which was given approval by SEBI in December 2020. In May 2021, Navi Mutual Fund moved their headquarters from Mumbai to Bengaluru, making it the first Bengaluru – headquartered asset management company.

Navi AMC was started in December 2018 with a mission to make financial services hassle-free, affordable and simply accessible. It leverages a technology-driven and customer-centric approach to establish products in the financial services space.

Company structure and operations:

- Navi Mutual Fund is registered with the Securities & Exchange Board of India (SEBI) with Anmol Como Broking Private Limited as its Sponsor

- Navi AMC Limited is managing 126 schemes with an Asset under Management of ₹ 7,789.73 crores

- Navi operates in the space of digital Loans, home loans, mutual funds, health insurance, digital gold and UPI

Technology focus: The company intends to be the lowest cost fund in the passive fund category by leveraging their technology background. This means more of your money goes into the investment rather than paying expenses!

Should I Invest in Navi Large & Midcap Fund?

This fund is suitable for investors seeking exposure to both established large-cap companies and growth-oriented mid-cap stocks. When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Investment considerations:

- Investment Horizon: Do not invest in this, or any other large & mid-cap fund, if you need to redeem your investment in less than five years.

- Risk Profile: The fund is rated Very High risk

- Portfolio Flexibility: This fund invests in a combination of large- and medium-sized companies, providing reasonable degree of flexibility to the fund management team to invest in companies of different sizes, depending on where it expects maximum gains.

Tax implications:

- If mutual fund units are sold after 1 year from the date of investment, gains up to Rs 1.25 lakh in a financial year are exempt from tax. Gains over Rs 1.25 lakh are taxed at the rate of 12.5%.

- If mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 20%.

FAQs

What is today's NAV of Navi Large & Midcap Fund?

The NAV changes daily based on market movements. You can check the current NAV on the Navi Mutual Fund website or through financial platforms like Allvest.

What is the AUM of Navi Large & Midcap Fund?

The AUM of Navi Large and Midcap Fund is ₹275.64 crore as per available data. AUM figures are updated monthly by fund houses.

What is the expense ratio of Navi Large & Midcap Fund?

The expense ratio of Navi Large and Midcap Fund is 0.35%, which is relatively low and helps maximize your investment returns.

What are the returns of Navi Large & Midcap Fund since inception?

The fund has delivered a CAGR of 15.37% since inception (launched in November 2015). Past performance doesn't guarantee future returns.

What is the minimum SIP amount to invest in Navi Large & Midcap Fund?

The minimum SIP for Navi Large and Midcap Fund is ₹100, making it accessible for small investors to start their investment journey.

How do I invest in Navi Large & Midcap Fund?

You can invest through Allvest platform, directly through Navi Mutual Fund website, or through registered mutual fund distributors. Complete your KYC and start investing with just ₹100.

How to start a SIP in Navi Large & Midcap Fund?

Open an account with Allvest, complete your KYC verification, select the fund, choose SIP option, set your investment amount (minimum ₹100) and frequency, then authorize the auto-debit.

How do I automate an SIP in Navi Large & Midcap Fund?

Set up automatic bank mandate through Allvest platform or your bank's net banking. This ensures seamless monthly deductions for your SIP without manual intervention.

How can I withdraw/redeem my investment in Navi Large & Midcap Fund?

You can redeem through Allvest platform, Navi website, or your distributor. Submit redemption request with required details; proceeds are typically credited within 3-4 business days.