Navi Nifty MidSmallcap 400 Index Fund: All You Need to Know

Navi AMC has launched the Navi Nifty MidSmallcap 400 Index Fund, positioned as India’s first index fund that seeks to replicate the Nifty MidSmallcap 400 Index, a broad-based benchmark that integrates the Nifty Midcap 150 and Nifty Smallcap 250 indices.

The open-ended fund is currently available through its New Fund Offer (NFO), which opened on November 24 and will close on December 5. Investors can participate with a minimum investment of ₹100, making it accessible to a wide range of individuals.

What does the Fund Track?

The scheme is designed to mirror the performance of the Nifty MidSmallcap 400 Total Return Index—a free-float market-cap-weighted index consisting of 400 stocks (150 mid-cap and 250 small-cap) selected from the broader Nifty 500 universe. The index is managed and periodically rebalanced by NSE Indices in line with its defined methodology.

Objective and Structure

The primary goal of the fund is to deliver returns that correspond to the performance of the underlying index, subject to tracking error. However, the scheme documents clearly state that achieving the exact objective is not guaranteed.

Aditya Mulki, CEO of Navi AMC, highlighted that the index offers comprehensive exposure to India’s mid- and small-cap segments, providing investors with an efficient, rules-based pathway to participate in these fast-growing areas of the market.

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Navi AMC, the investment manager for Navi Mutual Fund, offers a mix of passive, rules-driven, and active investment products. It operates through a direct-to-consumer model aimed at simplifying access to mutual fund investing.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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