Navi Mutual Fund has opened the NFO of Navi Multi Asset Omni FoF, a fund of funds that spreads your money across equity, debt, gold and silver through other mutual fund schemes. Navi AMC Limited accepts applications from 19-10-2026 to 02-11-2026.
A fund of funds does not buy shares or bonds itself. It buys units of other funds. Here, the fund manager picks the equity schemes, debt schemes and gold and silver ETFs to hold, and can change the mix over time.
The pitch is simplicity: one folio, one manager making the allocation calls, and entry from ₹100. Here is what the scheme information document (SID) says.
Navi Multi Asset Omni FoF NFO details
Fund name | |
Fund type | Open-ended fund of funds |
Category | Other Funds, Fund of Funds (Domestic) |
Nature of scheme | Invests in equity-oriented schemes, debt-oriented schemes and Gold & Silver ETFs |
Benchmark | 35% Nifty500 TRI + 35% Nifty Composite Debt Index + 25% Domestic Gold Price + 5% Domestic Silver Price |
Fund manager | Rushabh Patel |
NFO opens | 19-10-2026 |
NFO closes | 02-11-2026 |
Allotment / reopening date | Reopens 06-11-2026. Allotment date: Not available |
Minimum investment | ₹100 and in multiples of ₹1 |
Additional investment | ₹100 and in multiples of ₹1 |
SIP amount | Not available |
NAV | ₹10 per unit |
Stamp duty | 0.005% on applicable purchase transactions |
Entry load | Nil |
Exit load | Nil |
Navi AMC Limited: AMC details
AMC name | Navi AMC Limited (Navi Mutual Fund) |
Assets under management | Open for subscription from October 19, 2026, to November 2, 2026. |
Website | |
Registered office | Vaishnavi Tech Square, 7th Floor, Iballur Village, Begur Hobli, Bengaluru, Karnataka 560102 |
Contact number | 1800 2032131 / +91 9535999572 |
Source: AMFI India New fund offer: Navi Multi Asset Omni FoF
What has Navi Mutual Fund launched?
Navi Multi Asset Omni FoF is an open-ended fund of funds. Open-ended means you can buy or sell units on any business day at that day’s NAV, the price of one unit.
At least 95% of the money goes into equity-oriented schemes, debt-oriented schemes, and gold and silver ETFs. An ETF is a fund that trades on the stock exchange and tracks the price of an asset, here gold or silver. Up to 5% can sit in debt and money market instruments, which are short-term holdings for cash.
The stated aim is capital appreciation and income through equity, debt and commodities. The SID says it does not guarantee any returns.
This is an actively managed fund, not an index tracker. Rushabh Patel decides how much goes into each bucket and which underlying schemes to hold.
Also read: A comprehensive guide to mutual funds in India
How does this fund of funds work?
Step | What happens? |
1 | You buy units at ₹10 each during the NFO. |
2 | The fund manager sets a split across the four buckets within the SID’s limits. |
3 | At least 95% of your money buys units of other schemes and ETFs. |
4 | The AMC aims to put NFO money to work within 30 business days of allotment. |
5 | The manager can shift money between buckets as conditions change, within the limits. |
6 | If a limit is crossed passively, the mix must be restored within 30 business days. |
7 | NAV is published every business day, before 10:00 a.m. the next business day. |
A simple example of how the fund works
Say you invest ₹10,000 in the NFO. The manager might place ₹4,000 in equity schemes, ₹3,000 in debt schemes, ₹2,500 in gold and silver ETFs and keep ₹500 as cash or money market holdings.
Later, the manager may shift ₹1,000 from debt schemes into gold ETFs. You do nothing. Your units stay the same; what sits behind them changes. This shows the mechanics only, not a forecast or the fund’s actual split.
Portfolio allocation of the Navi multi asset FoF
Instrument | Minimum | Maximum |
Units of underlying schemes and permitted instruments (total) | 95% | 100% |
Equity-oriented schemes | 15% | 65% |
Debt-oriented schemes | 15% | 65% |
Gold & Silver ETFs | 15% | 65% |
Debt and money market instruments | 0% | 5% |
The scheme does not invest in overseas securities, commodity or debt derivatives, non-hedging equity derivatives, securitised debt, unrated instruments or InvITs.
Investment strategy and costs
There is no stock picking at this level. The manager’s job is to choose the split and the underlying schemes. The SID currently lists schemes such as Navi Flexicap Fund and HDFC Flexicap Fund (equity), SBI Dynamic Bond Fund (debt) and Nippon India Gold BEES ETF (gold). Navi can add others through an addendum.
Costs come in two layers. The scheme can charge up to 1.85% of daily average net assets, and the underlying funds charge their own expenses as well.
So you may earn less than by holding the underlying funds directly in the same proportions. The Direct plan costs less because it carries no distributor commission.
Redemption proceeds are due within 3 business days of a valid request. Frequent switching between underlying schemes can raise transaction costs.
Potential benefits of the Navi multi asset FoF
Potential benefit | Why does it matter? |
One folio, several assets | Equity, debt, gold and silver sit in one account. |
Allocation done for you | The manager moves each bucket between 15% and 65%, so you do not rebalance. |
Low entry point | Start from ₹100, with SIP, STP and SWP facilities. |
No exit load | Exit load is Nil. |
Direct plan available | Lower expense ratio than Regular. |
What to know before investing in this fund
Point | What does it mean? |
Two layers of cost | Scheme expenses up to 1.85% plus the underlying funds’ own. |
The mix can change | Each bucket can range from 15% to 65%, so your starting split may not stay. |
No track record | New scheme, no past performance. The SID gives no assurance on returns. |
Plan choice | Regular includes distributor commission. Direct does not. |
Tax on gains | The SID’s tax table lists 12.5% after 24 months and 20% within 24 months, plus surcharge and cess. Confirm yours with a tax adviser. |
Underlying schemes can change | The listed schemes are current picks; others can be added. |
Who may consider this NFO?
Investor type | Why it may fit |
Wants equity, debt and gold in one place | The fund holds all three in a single folio. |
Has a goal five or more years away (our interpretation) | The stated aim is long-term capital appreciation. |
Prefers not to rebalance | The manager adjusts the mix. |
Is starting small | Entry begins at ₹100. |
Who may not find it suitable?
Investor type | Why it may not fit |
Needs assured or fixed returns | The SID states the scheme does not guarantee any returns. |
Has a goal under three years away (our interpretation) | The stated aim is long-term, and tax rates change at 24 months. |
Wants to choose their own split | The manager sets the mix. |
Wants the lowest possible cost | Expenses are charged twice, at scheme and underlying level. |
Wants overseas or direct stock holdings | The fund holds neither. |
Comparison with traditional investment options
Option | Return potential | Liquidity | Horizon | Suitable for |
Fixed deposit | Fixed rate set at booking | Terms vary by bank | Fixed term | Certainty seekers |
Debt mutual fund | Market-linked | Redeem on business days | Short to medium | Income-focused investors |
Hybrid fund | Market-linked | Redeem on business days | Medium to long | Blended-fund seekers |
Equity mutual fund | Market-linked | Redeem on business days | Long | Long-term growth |
This fund | Market-linked; not guaranteed | Redeem on business days | Long term, per SID | Multi asset in one folio |
Navi Multi Asset Omni FoF review by Zenith Finserve
This fund suits people who want equity, debt and gold in one place and are happy to let a manager adjust the mix. The limits are wide, so two investors who buy on different days could hold quite different splits. That flexibility is the point, and also a reason to check the portfolio after launch.
In our reading, it fits a goal at least five to seven years out, such as a 2033 education fund, where you will not need the money soon. Costs matter more the longer you hold, so compare Direct and Regular expense ratios once the fund is live. Our note on investment horizon helps match a fund to a timeline.
It can also sit beside a core equity holding. Check first whether you already own the same underlying schemes, since overlap would cut the benefit. Suitability depends on your goals, cash flows and existing investments. This is a news report, not a recommendation.
How Zenith Finserve can help
At Zenith Finserve, we follow a process driven investment framework. We assess your goals, cash flows, risk profile, time horizon, existing investments, loans and tax situation before suggesting investments. We align our investment suggestions with your financial objectives and review them periodically to keep them suitable as your circumstances change.
Explore our mutual fund advisory and goal based financial planning services, or read about Zenith.
Similar NFOs on Zenith
- Motilal Oswal Multi Asset Omni FoF: the closest match, with equity, debt, gold and silver buckets.
- ICICI Prudential Dynamic Asset Allocation Passive FOF: passive index funds and ETFs, with the manager shifting the equity and debt mix.
- HDFC Gold Silver Passive FOF: gold and silver ETFs only.
- Kotak Multi Sector Omni FOF: a fund of funds built from sector equity schemes.
- Navi Nifty REITs & Realty Index Fund: another Navi launch, passive and sector-focused.
Frequently Asked Questions
1. Is Navi Multi Asset Omni FoF NFO good to invest in?
That depends on your goal and holdings. It suits a long-term investor wanting equity, debt and gold in one fund. This is not a recommendation.
2. What are the NFO dates?
It opens on 19-10-2026, closes on 02-11-2026 and reopens on 06-11-2026.
3. What is the minimum investment?
₹100 and in multiples of ₹1, for first and additional purchases.
4. What does Navi Multi Asset Omni FoF invest in?
Units of equity schemes, debt schemes and Gold & Silver ETFs, each 15% to 65% of the fund.
5. Who manages the fund?
Rushabh Patel.
6. Is there an exit load?
No. Exit load is Nil, and there is no entry load.
7. What is the benchmark?
A blend of 35% Nifty500 TRI, 35% Nifty Composite Debt Index, 25% gold price and 5% silver price.
8. How is it different from a hybrid fund?
A hybrid fund buys shares and bonds directly. This fund buys units of other mutual funds and ETFs.
9. Does it invest overseas or in derivatives?
No. The SID rules out overseas securities and most derivatives.
10. What does it cost to hold?
Up to 1.85% a year, on top of the underlying funds’ expenses. Direct plans cost less.
