Navi Mutual Fund (Navi MF) launched the Navi Nifty IT Index Fund on March 11, 2024 an tracking the Nifty IT Index which comprises leading IT companies in India, including major players like Infosys, TCS, and Wipro. The fund invests in IT giants based on their free float market capitalization on the National Stock Exchange of India Limited. The NFO for the Navi Nifty IT Index Fund will run from March 11, 2024 to March 22, 2024. Investors can participate in the Navi Nifty IT Index Fund starting at Rs 10. the funds will allocate 95 to 100 per cent of their portfolio in stocks constituting the tracking index and remaining in debt or money market investment.