Navi was founded in 2018 by two prominent persons Mr. Sachin Bansal (formerly a co-founder of Flipkart) and Ankit Agarwal (formerly a banker with Deutsche Bank and Bank of America). Navi has taken a technology-driven and customer-centric approach to provide financial services to its customers which has lead this company to achieve great milestones in such a short span.
You can start an SIP or make lumpsum investment in the mutual funds offered by Navi Mutual Fund with Bajaj Finserv. The company have an average AUM of INR 1,756.5747 cr as of September 2022.
Navi was setup in December 2018 but acquired Essel mutual fund in Jan 2021
AMC incorporation date:
Anmol Como Broking Private Limited
Navi Trustee Limited
How to invest
Investing in mutual funds is easy with Bajaj Finserv. If you are a new investor, follow the below steps. For customers who have invested with us skip directly to step 10.
Step 1: Click on INVEST. You will be redirected to the Google Play store / Apple store. Download the Bajaj Finserv app.
Step 2: Log in to your Bajaj Finserv account or sign up.
Step 3: Click on the ‘Investment’ tab at the top of the app and click ‘INVEST’.
Step 4: Select the mutual fund category like tax-saver, equity, debt, hybrid, multi-cap and thematic, you want to explore.
Step 5: All the mutual funds of the particular category will be listed with minimum investment amount, annualized return and rating.
Step 6: Verify your details using your PAN, Name, DOB and Email ID.
If your KYC is not complete, you will have to upload your address proof and record a video.
Step 7: Enter your bank details.
Step 8: Upload your signature and provide additional details to continue.
Step 9: Select the mutual fund you wish to invest in.
Step 10: Choose whether you want to invest as SIP or lumpsum and enter the investment amount. Click on ‘INVEST’
Step 11: Select your payment mode, net-banking, UPI, NEFT/RTGS.
Step 12: Once the payment is done, the investment will be completed.
Your investment will start reflecting in your portfolio within 2-3 working days.
If you are an existing customer, no documents are required for investment. However, for new customers keep the following documents handy before investing:
Bajaj Finance Limited (“BFL”) is a Non-Banking Financial Company carrying the business of acceptance of deposits, providing lending solutions to Retail & Corporate customers, and is a Corporate agent of various insurance Companies. BFL is also registered with the Association of Mutual Funds in India (“AMFI”) as a distributor of third party Mutual Funds (shortly referred as ‘Mutual Funds’).
BFL does NOT:
(i) provide investment advisory services in any manner or form;
(iv) carry independent research or analysis, including on any Mutual Fund schemes or other investments; and provide any guarantee of return on investment.
In addition to displaying the Mutual fund products of Asset Management Companies, some general information is sourced from third parties, is also displayed on ‘As-is’ basis, which should NOT be construed as any solicitation or attempt to effect transactions in securities or the rendering any investment advice. Mutual Funds are subject to market risks, including loss of principal amount and Investor should read all Scheme /Offer related documents carefully. The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities. The NAV will inter-alia be exposed to Price / Interest Rate Risk and Credit Risk. Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. BFL shall not be responsible or liable for any loss or shortfall incurred by the investors. There may be other / better alternatives to the investment avenues displayed by BFL. Hence, the final investment decision shall at all times exclusively remain with the investor alone and BFL shall not be liable or responsible for any consequences thereof.
Bajaj Finserv Direct Limited, (“BFDL”), a wholly owned subsidiary of Bajaj Finserv Limited (is a Registered with SEBI as an Investment Advisor with Registration no. INA000016083). BFDL enables resident Indian customers to directly invest in third party mutual funds through its online platform. BFDL entered into a referral arrangement with BFL, whereunder, BFL may, without risk or responsibility on its part, refer the resident Indian customers who are interested in placing their investments in Direct Mutual Funds through BFDL online platform. Investment by a person residing outside the territorial jurisdiction of India is not acceptable nor permitted.
Disclaimer on Risk-O-Meter:
Investors are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund managers, asset manager, etc. and shall also consult their financial advisers, if they are unsure about the suitability of the scheme before investing