Navi launches India's first passive multi-cap fund. Should you invest?

There are 25 multi-cap funds in the market, but what makes Navi's multi-cap offering unique is that it is an index fund. Simply put, unlike others, Navi's multi-cap fund— Navi Nifty 500 Multicap 50:25:25 Index Fund —will aim to replicate the multi-cap index and not depend on a fund manager's stock-picking skills. Navi Nifty 500 Multicap 50:25:25 Index Fund's new fund offer (NFO), which started on July 18, 2024, will remain open for subscription until July 31, 2024. Suggested reads: What are NFOs & What are index funds Navi Nifty 500 Multicap 50:25:25 Index Fund: At a glance Fund name Navi Nifty 500 Multicap 50:25:25 Index Fund Fund manager Aditya Mulki: Previously worked as equity research analyst at Quantum Advisors for six years.Ashutosh Shirwaikar: Also worked for Quantum for over six years. Exit Load Nil Tax treatment If units are sold w