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Around 21 mutual fund NFOs were floated in March which includes open-ended and close-ended schemes, they together mobilised Rs 4,146 crore. Two close-ended and 19 open-ended new fund offers were opened for subscription.
It bars users from logging in to the app until they give permissions to access their phone book and other details.
Motilal Oswal is bullish on CAMS recommended buy rating on the stock with a target price of Rs 2700 in its research report dated August 03, 2023.
The Navi Overnight Fund will also offer an insta-redemption feature, which allows investors to instantly redeem a maximum of Rs 50,000 or 90% of the current investment value
The reduction in the minimum application amount has been introduced across all schemes of Navi Mutual fund, except for their equity-linked savings scheme due to regulations.