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Invest in Navi Nifty Midcap 150 Index Fund

Navi Nifty Midcap 150 Index Fund

Navi Nifty Midcap 150 Index Fund will replicate the Nifty Midcap 150 Index. Nifty Midcap 150 Index represents 150 companies (companies ranked 101-250) based on full market capitalization from the Nifty 500 Index. Thus, Navi Mutual Fund is offering investors a chance to invest in the emerging companies at a very low cost as part of it`s latest fund offering. This low cost has been achieved by leveraging our high quality technological backing. The NFO will start on 21st February 2022 and close on 2nd March 2022.

What's so special?

Providing an easy way to invest in the emerging companies of the country. The Nifty Midcap 150 Index has outperformed the Nifty 100 Index in 10 of the last 16 calendar years from CY 2005-20.(Source: Nifty Midcap 150 White Paper, as of September 2021)
Providing an opportunity for investors to experience low cost investing, because we believe it`s your money and you should get the most benefit out of it.
Attractive Returns - The Nifty Midcap 150 index has achieved attractive returns over varied time horizons. Its 1 year, 5 year and 10 year CAGR are 46.1%, 18.7% and 19.6`% respectively. (Source: Bloomberg, as on 31st January, 2022)

What's so special?

Providing an easy way to invest in the emerging companies of the country. The Nifty Midcap 150 Index has outperformed the Nifty 100 Index in 10 of the last 16 calendar years from CY 2005-20.(Source: Nifty Midcap 150 White Paper, as of September 2021)
Providing an opportunity for investors to experience low cost investing, because we believe it`s your money and you should get the most benefit out of it.
Attractive Returns - The Nifty Midcap 150 index has achieved attractive returns over varied time horizons. Its 1 year, 5 year and 10 year CAGR are 46.1%, 18.7% and 19.6`% respectively. (Source: Bloomberg, as on 31st January, 2022)

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Annualised Return

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NAV
₹ undefined

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3M
6M
1Y
3Y
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Last Update: NA
Invest Now

Who should Invest?

Want to have an exposure to the emerging companies of the country.
Have exposure to large cap indices like Nifty 50 Index and want to diversify your portfolio.
Want to mirror returns of Nifty Midcap 150 TRI at a low cost.

Benefits of investing in Navi Nifty Midcap 150 Index Fund

Diversification
Investing in mid-cap companies provides a diversification benefit to large cap portflolios.
Attractive returns
The Nifty Midcap 150 index has achieved attractive returns over varied time horizons. Its 1 year, 5 year and 10 year CAGR are 46.1%, 18.7% and 19.6`% respectively.
Lowest fee
Total expense ratio (TER) of 0.25% p.a. Benefit of technology driven approach is passed on to our investors
Invest Now
Asset Allocation*
InstrumentsIndicative AllocationRisk Profile
MinimumMaximumLow/ Medium/ High
Equity and equity related securities covered by Nifty Midcap 150 Index95%100%High
Money Market Instruments including TREPS0%5%Low to Medium
*Refer Scheme Information document for complete details.
Mr. Ashutosh Shirwaikar
7 years of experience as an Equity Research Analyst at Quantum Mutual Fund covering Auto, Chemicals, Media and Power sectors (Nov 2015 to May 2022). Contributing to NAVI AMC from Jun 2022 - present.
Risk Assessment
This product is suitable for investors who are seeking*
  • Capital appreciation over the long term.
  • Equity and equity related securities covered by the Nifty Midcap 150 Index.
  • Return that corresponds to the performance of Nifty Midcap 150 Index, subject to tracking error.

Fund Related Documents

Scheme Information Document
Key Information Memorandum

What our customers say about us

I appreciate the transparency and low expense ratio of Navi Nifty Midcap 150 Index Fund.

Karishma

Navi Nifty Midcap 150 Index Fund has simplified my investment strategy and saved me time.

Saibal

The fund has been providing consistently high CAGR returns since the time of its launch. I am happy with my decision to invest in this fund. Hopefully, it will help me meet my financial goals in the long run

Sahil Sharma

I trust Navi Nifty Midcap 150 Index Fund to manage my investments and deliver solid returns in the long run. Go Navi!

Vivek Singh

My investment strategy has become so much easier after I started investing in this fund because it ticks all the boxes - diversification, passive investment, low cost, high returns potential, etc.

Rahul Tiwari

Navi Nifty Midcap 150 Index Fund could be a great option for investors looking to get exposure to midcap stocks in a low-cost and transparent manner.

Prerna Gupta
  • Navi Nifty Midcap 150 Index Fund could be a great option for investors looking to get exposure to midcap stocks in a low-cost and transparent manner.

    Prerna Gupta
  • I appreciate the transparency and low expense ratio of Navi Nifty Midcap 150 Index Fund.

    Karishma
  • Navi Nifty Midcap 150 Index Fund has simplified my investment strategy and saved me time.

    Saibal
  • The fund has been providing consistently high CAGR returns since the time of its launch. I am happy with my decision to invest in this fund. Hopefully, it will help me meet my financial goals in the long run

    Sahil Sharma
  • I trust Navi Nifty Midcap 150 Index Fund to manage my investments and deliver solid returns in the long run. Go Navi!

    Vivek Singh
  • My investment strategy has become so much easier after I started investing in this fund because it ticks all the boxes - diversification, passive investment, low cost, high returns potential, etc.

    Rahul Tiwari
  • Navi Nifty Midcap 150 Index Fund could be a great option for investors looking to get exposure to midcap stocks in a low-cost and transparent manner.

    Prerna Gupta
  • I appreciate the transparency and low expense ratio of Navi Nifty Midcap 150 Index Fund.

    Karishma

I appreciate the transparency and low expense ratio of Navi Nifty Midcap 150 Index Fund.

Karishma

Navi Nifty Midcap 150 Index Fund has simplified my investment strategy and saved me time.

Saibal

The fund has been providing consistently high CAGR returns since the time of its launch. I am happy with my decision to invest in this fund. Hopefully, it will help me meet my financial goals in the long run

Sahil Sharma

I trust Navi Nifty Midcap 150 Index Fund to manage my investments and deliver solid returns in the long run. Go Navi!

Vivek Singh

My investment strategy has become so much easier after I started investing in this fund because it ticks all the boxes - diversification, passive investment, low cost, high returns potential, etc.

Rahul Tiwari

Navi Nifty Midcap 150 Index Fund could be a great option for investors looking to get exposure to midcap stocks in a low-cost and transparent manner.

Prerna Gupta
  • I trust Navi Nifty Midcap 150 Index Fund to manage my investments and deliver solid returns in the long run. Go Navi!

    Vivek Singh

    My investment strategy has become so much easier after I started investing in this fund because it ticks all the boxes - diversification, passive investment, low cost, high returns potential, etc.

    Rahul Tiwari

    Navi Nifty Midcap 150 Index Fund could be a great option for investors looking to get exposure to midcap stocks in a low-cost and transparent manner.

    Prerna Gupta
  • I appreciate the transparency and low expense ratio of Navi Nifty Midcap 150 Index Fund.

    Karishma

    Navi Nifty Midcap 150 Index Fund has simplified my investment strategy and saved me time.

    Saibal

    The fund has been providing consistently high CAGR returns since the time of its launch. I am happy with my decision to invest in this fund. Hopefully, it will help me meet my financial goals in the long run

    Sahil Sharma
  • I trust Navi Nifty Midcap 150 Index Fund to manage my investments and deliver solid returns in the long run. Go Navi!

    Vivek Singh

    My investment strategy has become so much easier after I started investing in this fund because it ticks all the boxes - diversification, passive investment, low cost, high returns potential, etc.

    Rahul Tiwari

    Navi Nifty Midcap 150 Index Fund could be a great option for investors looking to get exposure to midcap stocks in a low-cost and transparent manner.

    Prerna Gupta
  • I appreciate the transparency and low expense ratio of Navi Nifty Midcap 150 Index Fund.

    Karishma

    Navi Nifty Midcap 150 Index Fund has simplified my investment strategy and saved me time.

    Saibal

    The fund has been providing consistently high CAGR returns since the time of its launch. I am happy with my decision to invest in this fund. Hopefully, it will help me meet my financial goals in the long run

    Sahil Sharma

Frequently Asked Questions

Why should I invest?

You should invest to diversify your portfolio by adding exposure to the Indian mid-cap companies. The expense ratio of Navi Nifty Midcap 150 Index Fund is just 0.22%. This means more of your money goes into the investment rather than paying our expenses!

What is Navi Nifty Midcap 150 Index Fund?

It’s a mutual fund scheme that will replicate the Nifty Midcap 150 Index.

What is NFO?

A new fund offer (NFO) is the first subscription offering for any new fund launched by an asset management company.

Which benchmark index does the scheme follow?

Navi Nifty Midcap 150 Index will replicate the Nifty Midcap 150 index.

What is tracking error?

Tracking error is the difference between the returns of the passive fund and that of the benchmark, at the end of the chosen investment period. A low tracking error indicates that the fund tends to follow the benchmark very closely.

When can I invest?

You can invest on all days. In case you invest on a non-business day (Saturdays, Sundays, Indian Public Holidays), next business day's NAV will be allotted.

How can I invest?

You can invest with Navi Mutual Fund using the Navi App. It is available on Play Store and App Store. In case you wish to invest through a website, you can do the same by visiting https://mycams.camsonline.com/ .
Navi AMC Limited
CIN: U65990KA2009PLC165296

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Navi Mutual Fund is registered with the Securities & Exchange Board of India (SEBI) with Anmol Como Broking Private Limited as its Sponsor. Navi AMC Limited is the Investment Manager to Navi Mutual Fund. Navi Trustee Limited is the trust to Navi AMC Limited. In addition to Navi AMC, Navi offers a range of financial services and products such as Cash Loans, Housing Loans and General Insurance. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Registered Office Address: Vaishnavi Tech Square, 7th Floor, Iballur Village, Taluk, Bagalur, Begur, Hobli, Bengaluru, Karnataka 560102

Mutual fund investments are subject to market risks, read all scheme related documents carefully.

Disclaimer(ELSS Fund): *This tax saving is for illustrative purpose only. The same has been arrived at for an individual in the 30% Income Tax Bracket with a maximum investment of Rs. 1.5 lakh. Investments made in an ELSS fund are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Please contact your financial and tax advisors to know more.

All information is subject to specific conditions | © 2025 Navi Limited (formerly known as Navi Technologies Ltd). All rights are reserved.

Know More About Navi Nifty Midcap 150 Index Fund

What is a nifty midcap index?

Nifty Midcap Index represents top 150 emerging companies (ranked 101 to 250), based on full market capitalisation, from Nifty 500.

What is the NIFTY Midcap 150 Index Fund?

Nifty Midcap 150 Index Fund replicates the stock basket, individual stock allocation weightage, and the performance of its underlying index.It could help you maximise your profit margins in line with the performance of the Nifty Midcap 150 index. Being passively managed, it is low-cost, transparent, and simple.

How does the NIFTY Midcap 150 Index Fund Work?

The fund relies on advanced technology to track the price movements and individual asset allocations of the benchmark index. It has very low human intervention and no human bias. However, since the fund manager may not be able to allocate the pooled money in the exact same proportion as the underlying index, some tracking error may creep in. This could be due to various fees and expenses, regulatory restrictions, corporate actions, and lack of liquidity among others. This fund could be suitable for investors looking for long-term capital appreciation and who want access to 19 diverse and expanding sectors.

How is the NIFTY Midcap 150 Index constructed?

The Nifty Midcap 150 index is constructed based on the full market capitalisation of companies. It consists of 150 companies, ranked 101 to 250, from Nifty 500.

What are 2 different plans in the Navi NIFTY Midcap 150 Index Fund?

This fund offers both direct and regular options.

The direct plan is where you purchase units in the fund or subscribe directly with the fund house. The expense ratio of a direct plan is usually lower than that of a regular plan because there is no third-party involvement.

The regular plan is one in which fund units are purchased through a distributor. While you may have to incur additional brokerage charges, you may receive guidance from financial advisors.

What are the Top Companies for the Navi NIFTY Midcap 150 Index Fund?

The top constituents of Nifty Midcap 150 index by percentage as on 31st January, 2023 are as follows:
CompanyWeightage (%)
Max Healthcare Institute Ltd.1.87
AU Small Finance Bank Ltd.1.71
Federal Bank Ltd.1.63
Tube Investments of India Ltd.1.56
Varun Beverages Ltd.1.54
Trent Ltd.1.54
Indian Hotels Co. Ltd.1.52
Shiram Finance Ltd.1.50
TVS Motor Company Ltd.1.39
Page Industries Ltd.1.39
Since this fund replicates the portfolio mix of its underlying index, its constituents will be the same as that of the index.

What is the Different Sector Allocation for the Navi NIFTY Midcap 150 Index Fund?

The sector allocation of the fund will closely resemble that of the Nifty Midcap 150 index. As on 31st January, 2023, the index represented the following sectors:
SectorWeight (%)
Financial Services20.39
Capital Goods13.12
Healthcare10.42
Automobile & Auto components8.53
Chemicals6.61
Consumer Services5.63
Consumer durables5.47
Information Technology5.19
Oil, Gas & Consumable Fuels4.04
Fast Moving Consumer Goods3.81
Realty3.11
Metals & Mining2.93
Services1.98
Textiles1.90
Construction Materials1.85
Power1.68
Media, Entertainment & Publication1.42
Telecommunication1.38
Diversified0.54

How to Invest in Navi NIFTY Midcap 150 Index Funds?

Investing in Navi Nifty Midcap 150 Index Fund is quite simple. You could invest directly through the AMC (i.e. Navi) or use one of its distributor channels (such as aggregator websites).

Investing directly with Navi

Step 1: Download the Navi App on your mobile from Google Play or App Store.

Step 2: You can invest in Navi Nifty Midcap 150 Index Fund from the mutual fund section of the app.

Step 3: Complete your KYC and start investing via your preferred route i,e, SIP or lump sum.

Investing through a distributor channel

Step 1: Go to the distributor’s website or download their app.

Step 2: Now select the fund and start investing.

Things to Consider Before Investing in a NIFTY Midcap 150 Index Fund?

Here are a few things that you should definitely consider:
  • Tracking error, which could be due to fees and expenses, regulatory restrictions, the AMC’s policies, or cash balance among others
  • Check the fees and expenses
  • Check the fund manager’s experience
  • Do a detailed analysis to understand whether investing in the fund will match your long-term financial goals, current circumstances, tax position, values, and ROI expectations.

Taxation on NIFTY Midcap 150 Index Fund

Before investing, do consider your tax obligations. If you hold your fund units for more than 12 months, you will be charged LTCG tax at 10% (without indexation). If you hold your units for less than 12 months, STCG of 15% will be levied. Surcharge and education cess may also apply.
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