3 Year return

0
Launched on February 2022 (2 years)

Investment Details

₹10

Minimum SIP Amount

₹10

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹203.07 Cr.

Expense Ratio

0.21% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year:

20% tax on gains

Withdrawal after 1 year:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

Navi Mutual Fund Managers

AM

Aditya Mulki

Fund Manager since Dec 2019

View Details

Fund House Details

Navi Mutual Fund

Navi Mutual Fund Asset management company

AUM ₹5,762.16 Cr.
No. of Schemes 58
Setup Date

Peer Comparison

Comparison with other similar funds

Schemes by Navi Mutual Fund

List of mutual fund schemes by AMC

About Navi Nifty Midcap 150 Index Fund Direct Plan Growth

Navi Nifty Midcap 150 Index Fund Direct Plan Growth is an index fund scheme managed by Navi Mutual Fund. It is a passively managed fund that tracks the performance of the Nifty Midcap 150 Index. The index is a broad market index that comprises the 150 largest mid-cap stocks listed on the NSE. The fund aims to provide investors with the opportunity to invest in the Indian mid-cap equity market through a low-cost and passively managed vehicle. It is an open-ended fund, meaning that investors can buy and sell units of the fund in the secondary market at any time. The expense ratio of the fund is lower than the category average.

Investment Objectives of the Scheme

The investment objective of Navi Nifty Midcap 150 Index Fund Direct Plan Growth is to track the performance of the Nifty Midcap 150 Index.

Key Features of The Fund

5-year return NA
Expense Ratio 0.21%
Fund Manager Aditya Mulki
Fund Size ₹203.07 Cr
Risk Profile Very High

Is This Scheme Right for Me?

This fund is suitable for investors who are looking for long-term growth and have a moderate risk appetite. The fund's investment in the Nifty Midcap 150 Index makes it a relatively safe asset class, but it is also exposed to the risks of the Indian mid-cap equity market. Therefore, consult your financial advisor before making an investment decision.

AMC Contact Details

Name Navi Mutual Fund
Launch Date NA
Addresss NA
Contact NA
Email NA
Website NA

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Take the Guessing out of Investing

Compounding in SIP can make it difficult to estimate the expected returns in a mutual fund. The process of guessing can be replaced with estimating as Angel One's free SIP calculator gives you the approximate amount to be expected. The SIP calculator online takes into consideration the principle of compounding and gives your return amount depending on variables such as years, SIP amount as well as the expected rate of return.

FAQs

What is today's NAV of Navi Nifty Midcap 150 Index Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Navi Nifty Midcap 150 Index Fund Oct 04 2024 is 20.5211

What is the AUM of Navi Nifty Midcap 150 Index Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Navi Nifty Midcap 150 Index Fund is 203.07 crore.

What is the expense ratio of Navi Nifty Midcap 150 Index Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Navi Nifty Midcap 150 Index Fund is 0.21%

What are the returns of Navi Nifty Midcap 150 Index Fund since inception?

The Navi Nifty Midcap 150 Index Fund was launched on Feb 21 2022. The fund has delivered a CAGR of 32.28 since inception.

What is the minimum SIP amount to invest in Navi Nifty Midcap 150 Index Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Navi Nifty Midcap 150 Index Fund is 10.

How do I invest in Navi Nifty Midcap 150 Index Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Navi Nifty Midcap 150 Index Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Navi Nifty Midcap 150 Index Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Navi Nifty Midcap 150 Index Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.