Navi Mutual Fund Shifts to T+1 Cycle for Equity Scheme Redemptions

Navi Mutual Fund is the first fund house that will process all redemption requests for its equity-oriented schemes investing in domestic securities in T+1 days, reports Our Bureau. Other fund houses take T+2 days. Navi offers a portfolio of domestic funds investing in broad markets and sectoral indices with one of the lowest expense ratios in the industry.