Navi Nifty Midcap 150 Index Fund Direct Growth

Navi Nifty Midcap 150 Index Fund Direct Growth is an equity fund. This fund was started on 11 March, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.

1. Navi Nifty Midcap 150 Index Fund Direct Growth has ₹206 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
2. The fund has an expense ratio 0.2.
   

Navi Nifty Midcap 150 Index Fund Direct Growth has given a CAGR return of 21.48% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.66% and 20.65% respectively.

Navi Nifty Midcap 150 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Basic Materials, Tech, Consumer Defensive, Real Estate, Communication, Energy, Utilities. Its top holdings are Max Healthcare Institute Ltd Ordinary Shares, Indian Hotels Co Ltd, BSE Ltd, Suzlon Energy Ltd, Persistent Systems Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to achieve return equivalent to Nifty Midcap150 Index by investing in stocks of companies comprising Nifty Midcap 150 Index, subject to tracking error.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Navi Nifty Midcap 150 Index Fund Direct Growth has no lock in period.