NEW DELHI: Saurabh Jain has taken over from Sachin Bansal-backed Navi Mutual Fund as Managing Director and Chief Executive Officer with effect from February 28.
Jain, who took over as the MD and CEO of Navi Mutual Fund in February last year, believes in reducing the cost of investment for investors with the help of technology, in line with the fund house’s mission.
He served as Chief of Staff to Sachin Bansal from April 2020 to February 2021. Prior to moving to Navi, Jain worked at Swiggy as Assistant Vice President – Business Projects.
He was also inducted as one of the members of the advisory committee of Mutual Funds, SEBI in December 2021.
In the past one year, Navi Mutual Fund has launched Navi Nasdaq 100 Fund of Fund, Navi Nifty Midcap 150 Index Fund, Navi US Total Stock Market Fund of Fund, Navi Nifty Bank Index Fund, Nifty Next 50 Index Fund and Nifty 50 Index Fund Is. With a relatively low expense ratio.
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