Derived from Sanskrit word "navaneet" means "butter". It also means "one who is ever new".
It is of fairly recent creation and has been used for both boys and girls.
More about Navneet
Navneet Nishan (also known as Navnit Nishan, Navnit or Navnit Singh) is an Indian Bollywood actress. She has had roles in the movies Dilwale, Waaris, Yeh Lamhe Judaai Ke, Jee Aayan Nu and Asa Nu Maan Watna Da. She was the lead actress in a famous Indian television soap Tara.