Baroda BNP Paribas NIFTY Midcap 150 Index Fund vs Navi Nifty Midsmallcap 400 Index Fund

Direct Plan, Growth option · Data as on 30-10-2026

Baroda BNP Paribas NIFTY Midcap 150 Index Fund is a mutual fund and Navi Nifty Midsmallcap 400 Index Fund is an Index fund. Baroda BNP Paribas NIFTY Midcap 150 Index Fund charges 0.58% a year and Navi Nifty Midsmallcap 400 Index Fund 0.52% (Direct plans). Their portfolios overlap 63.6%: they hold 149 of the same securities.

Baroda BNP Paribas NIFTY Midcap 150 Index Fund

Expense ratio: 0.58%
NAV: ₹10.13

See Baroda BNP Paribas NIFTY Midcap 150 Index Fund

Navi Nifty Midsmallcap 400 Index Fund

Index

Expense ratio: 0.52%
NAV: ₹9.88

See Navi Nifty Midsmallcap 400 Index Fund

Which is better, Baroda BNP Paribas NIFTY Midcap 150 Index or Navi Nifty Midsmallcap 400 Index? Key differences

It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

Navi Nifty Midsmallcap 400 Index costs less: 0.52% a year against 0.58% (Direct plans).
Baroda BNP Paribas NIFTY Midcap 150 Index fell less in its worst fall since 10-12-2025: −14.0% against −14.3%.
Navi Nifty Midsmallcap 400 Index is the larger fund: ₹12 Cr against ₹10 Cr.
Their portfolios overlap 63.6%: 149 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)
−3.2%
Navi Nifty Midsmallcap 400 Index Fund (Direct)
−1.0%

Change in NAV from 10-12-2025 to 30-10-2026

−10%−5%0%+5%+10%+15%

Key facts

From each fund's scheme summary document and AMFI

Fact	Baroda BNP Paribas NIFTY Midcap 150 Index Fund	Navi Nifty Midsmallcap 400 Index Fund
Fund house	Baroda BNP Paribas Mutual Fund	Navi Mutual Fund
Category	Not available	Index
AUM	₹10 Cr (30-09-2026)	₹12 Cr (30-09-2026)
NAV	₹10.13 (Direct)	₹9.88 (Direct)
Expense ratio (Direct)	0.58%	0.52%
Expense ratio (Regular)	1.25%	1.40%
Riskometer	Not available	Very High
Benchmark	Not available	Nifty MidSmallcap 400 Index
Launch date	Not available	09-12-2025
Minimum investment	Not available	₹100
Lock in	Not available	None
Fund managers	Not available	Ashutosh Shirwaikar
Exit load	Not available	NIL

Baroda BNP Paribas NIFTY Midcap 150 Index vs Navi Nifty Midsmallcap 400 Index: Returns Comparison

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Fund	1M	3M	6M	1Y	3Y	5Y	10Y
Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)	−3.70%	−8.71%	−4.45%	−5.14%	--	--	--
Navi Nifty Midsmallcap 400 Index Fund (Direct)	−4.45%	−7.72%	−2.85%	--	--	--	--

Baroda BNP Paribas NIFTY Midcap 150 Index vs Navi Nifty Midsmallcap 400 Index: Year-wise Returns

Year	Baroda BNP Paribas NIFTY Midcap 150Baroda BNP Paribas NIFTY Midcap 150 Index	Navi Nifty Midsmallcap 400Navi Nifty Midsmallcap 400 Index
2026to date	−5.68%	−3.70%
2025	+5.55%	--

Baroda BNP Paribas NIFTY Midcap 150 Index vs Navi Nifty Midsmallcap 400 Index: Rolling Returns

Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of Baroda BNP Paribas NIFTY Midcap 150 Index Fund

Baroda BNP Paribas NIFTY Midcap 150 Index vs Navi Nifty Midsmallcap 400 Index: Risk and Drawdowns

How much each fund swings, and the worst fall over the same days

Risk and return

Measure	Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)	Navi Nifty Midsmallcap 400 Index Fund (Direct)
Return (CAGR)	−0.64%	−1.14%
Standard deviation	16.93%	17.20%
Sharpe ratio	-0.37	-0.37
Sortino ratio	-0.50	-0.50
Maximum drawdown	−18.8% (28-02-2025)	−14.3% (23-03-2026)
Beta	0.99	0.99
Alpha	−0.68%	−0.90%

From daily NAVs, 06-11-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−15%−10%−5%0%

2026

Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)Navi Nifty Midsmallcap 400 Index Fund (Direct)Nifty Midcap 150 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)	−14.0%	07-01-2026	30-03-2026	07-05-2026	38 days	−10.7%
Navi Nifty Midsmallcap 400 Index Fund (Direct)	−14.3%	07-01-2026	23-03-2026	06-05-2026	44 days	−10.1%
Nifty Midcap 150 TRI	−13.9%	07-01-2026	30-03-2026	07-05-2026	38 days	−10.5%

From daily values since 10-12-2025, the first day every fund has.

Baroda BNP Paribas NIFTY Midcap 150 Index vs Navi Nifty Midsmallcap 400 Index: Portfolio Overlap

From each fund's latest monthly portfolio: Baroda BNP Paribas NIFTY Midcap 150 Index Fund, September 2026; Navi Nifty Midsmallcap 400 Index Fund, September 2026

Holdings in common

Overlap: 63.6%
Held by both: 149
Only in Baroda BNP Paribas NIFTY Midcap 150 Index: 1
Only in Navi Nifty Midsmallcap 400 Index: 247

Security	% of Baroda BNP Paribas NIFTY Midcap 150 Index	% of Navi Nifty Midsmallcap 400 Index
Multi Commodity Exchange of India Limited	2.01%	1.33%
The Federal Bank Limited	1.92%	1.24%
Laurus Labs Limited	1.89%	1.22%
One 97 Communications Limited	1.72%	1.14%
Hero MotoCorp Limited	1.70%	1.08%
The Indian Hotels Company Limited	1.54%	1.01%
Coforge Limited	1.48%	0.96%
Bharat Heavy Electricals Limited	1.47%	0.96%
IndusInd Bank Limited	1.47%	0.94%
AU Small Finance Bank Limited	1.44%	0.93%
Persistent Systems Limited	1.42%	0.91%
Dixon Technologies (India) Limited	1.35%	0.87%
IDFC First Bank Limited	1.32%	0.86%
Bharat Forge Limited	1.33%	0.85%
GE Vernova T&D India Limited	1.28%	0.82%
Lenskart Solutions Limited	1.20%	0.80%
Life Insurance Corporation Of India	1.23%	0.79%
Lupin Limited	1.20%	0.78%
Suzlon Energy Limited	1.17%	0.76%
Indus Towers Limited	1.14%	0.76%
Info Edge (India) Limited	1.16%	0.75%
Aurobindo Pharma Limited	1.12%	0.73%
Ashok Leyland Limited	1.08%	0.70%
FSN E-Commerce Ventures Limited	1.06%	0.69%
Marico Limited	1.03%	0.66%
Fortis Healthcare Limited	0.99%	0.64%
United Spirits Limited	1.00%	0.63%
APL Apollo Tubes Limited	0.97%	0.63%
ICICI Lombard General Insurance Company Limited	0.96%	0.61%
PB Fintech Limited	0.97%	0.60%
REC Limited	0.93%	0.59%
Swiggy Limited	0.92%	0.59%
Max Financial Services Limited	0.92%	0.58%
Yes Bank Limited	0.90%	0.58%
The Phoenix Mills Limited	0.89%	0.57%
SRF Limited	0.89%	0.57%
Glenmark Pharmaceuticals Limited	0.84%	0.56%
Radico Khaitan Limited	0.84%	0.54%
Lodha Developers Limited	0.82%	0.53%
Hindustan Petroleum Corporation Limited	0.81%	0.53%
GMR Airports Limited	0.81%	0.52%
Apar Industries Limited	0.76%	0.52%
Aditya Birla Capital Limited	0.80%	0.51%
Alkem Laboratories Limited	0.75%	0.49%
National Aluminium Company Limited	0.75%	0.48%
UPL Limited	0.75%	0.48%
JSW Energy Limited	0.74%	0.48%
Sundaram Finance Limited	0.74%	0.47%
Shree Cement Limited	0.73%	0.47%
Mphasis Limited	0.71%	0.45%
Indian Bank	0.70%	0.45%
Vishal Mega Mart Limited	0.69%	0.45%
Mankind Pharma Limited	0.66%	0.45%
NHPC Limited	0.68%	0.43%
KEI Industries Limited	0.68%	0.43%
360 One WAM Limited	0.66%	0.43%
Billionbrains Garage Ventures Ltd	0.65%	0.42%
Piramal Finance Limited	0.65%	0.42%
NMDC Limited	0.65%	0.42%
Steel Authority of India Limited	0.64%	0.42%
IPCA Laboratories Limited	0.64%	0.42%
Havells India Limited	0.64%	0.41%
Biocon Limited	0.62%	0.41%
Lloyds Metals And Energy Limited	0.61%	0.41%
Oracle Financial Services Software Limited	0.64%	0.40%
MRF Limited	0.64%	0.40%
Prestige Estates Projects Limited	0.63%	0.40%
Tube Investments of India Limited	0.62%	0.40%
Voltas Limited	0.62%	0.39%
Oil India Limited	0.60%	0.39%
Colgate Palmolive (India) Limited	0.58%	0.37%
Torrent Power Limited	0.58%	0.37%
Jindal Stainless Limited	0.57%	0.37%
Waaree Energies Limited	0.57%	0.36%
L&T Finance Limited	0.57%	0.36%
Dabur India Limited	0.55%	0.36%
Page Industries Limited	0.56%	0.35%
Godrej Properties Limited	0.55%	0.35%
Supreme Industries Limited	0.54%	0.35%
Petronet LNG Limited	0.53%	0.34%
Mahindra & Mahindra Financial Services Limited	0.53%	0.34%
JK Cement Limited	0.53%	0.34%
UNO Minda Limited	0.52%	0.34%
JSW Infrastructure Ltd	0.52%	0.34%
Kalyan Jewellers India Limited	0.51%	0.34%
Coromandel International Limited	0.54%	0.33%
Oberoi Realty Limited	0.52%	0.33%
Meesho Ltd	0.49%	0.33%
Blue Star Limited	0.49%	0.31%
Nippon Life India Asset Management Limited	0.48%	0.31%
Tata Communications Limited	0.47%	0.31%
PI Industries Limited	0.47%	0.30%
Exide Industries Limited	0.46%	0.30%
Aster DM Quality Care Limited	0.45%	0.30%
Gujarat Fluorochemicals Limited	0.45%	0.29%
ICICI Prudential Asset Management Company Limited	0.45%	0.29%
Hindustan Copper Limited	0.45%	0.29%
ITC Hotels Limited	0.44%	0.29%
Jubilant Foodworks Limited	0.45%	0.28%
ICICI Prudential Life Insurance Company Limited	0.44%	0.28%
LG Electronics India Ltd	0.43%	0.28%
SBI Cards and Payment Services Limited	0.42%	0.27%
Balkrishna Industries Limited	0.42%	0.27%
Astral Limited	0.41%	0.27%
Ajanta Pharma Limited	0.40%	0.26%
Adani Total Gas Limited	0.40%	0.26%
Bank of Maharashtra	0.40%	0.26%
LIC Housing Finance Limited	0.39%	0.25%
Motilal Oswal Financial Services Limited	0.39%	0.25%
Bank of India	0.38%	0.25%
Schaeffler India Limited	0.38%	0.25%
Container Corporation of India Limited	0.38%	0.24%
AIA Engineering Limited	0.37%	0.24%
Authum Investment And Infrastructure Limited	0.35%	0.23%
Indian Railway Catering And Tourism Corporation Limited	0.34%	0.22%
Abbott India Limited	0.33%	0.22%
Dalmia Bharat Limited	0.33%	0.21%
Thermax Limited	0.33%	0.21%
General Insurance Corporation of India	0.33%	0.21%
Berger Paints (I) Limited	0.32%	0.21%
Linde India Limited	0.32%	0.21%
HDB Financial Services Limited	0.32%	0.21%
Premier Energies Limited	0.32%	0.20%
Patanjali Foods Limited	0.32%	0.20%
Cochin Shipyard Limited	0.32%	0.20%
Narayana Hrudayalaya Limited	0.30%	0.20%
Global Health Limited	0.30%	0.19%
K.P.R. Mill Limited	0.30%	0.19%
GlaxoSmithKline Pharmaceuticals Limited	0.29%	0.18%
Rail Vikas Nigam Limited	0.28%	0.18%
CRISIL Limited	0.27%	0.17%
Bharti Hexacom Limited	0.26%	0.17%
Bharat Dynamics Limited	0.25%	0.16%
NLC India Limited	0.23%	0.15%
Endurance Technologies Limited	0.23%	0.15%
Anthem Biosciences Limited	0.22%	0.15%
L&T Technology Services Limited	0.23%	0.14%
Escorts Kubota Limited	0.22%	0.14%
NTPC Green Energy Limited	0.22%	0.14%
Indian Renewable Energy Development Agency Limited	0.22%	0.14%
Bajaj Housing Finance Limited	0.22%	0.14%
Housing & Urban Development Corporation Limited	0.21%	0.13%
United Breweries Limited	0.21%	0.13%
Tata Investment Corporation Limited	0.20%	0.13%
Godfrey Phillips India Limited	0.19%	0.12%
Hexaware Technologies Limited	0.18%	0.12%
Fertilizers and Chemicals Travancore Limited	0.11%	0.07%
Godrej Industries Limited	0.11%	0.07%
Indian Overseas Bank	0.11%	0.07%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 63.6% means 63.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.

Largest holdings only in Baroda BNP Paribas NIFTY Midcap 150 Index Fund

Security	% of fund
Embassy Office Parks REIT	0.94%

Largest holdings only in Navi Nifty Midsmallcap 400 Index Fund

Security	% of fund
SONA BLW PRECISION FORGINGS LIMITED	0.59%
WELSPUN CORP LTD	0.56%
KARUR VYSYA BANK LIMITED	0.49%
NAVIN FLUORINE INTERNATIONAL LIMITED	0.48%
ATHER ENERGY LIMITED	0.43%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Baroda BNP Paribas NIFTY Midcap 150 Index	Navi Nifty Midsmallcap 400 Index
Equity	98.6%	97.8%
Debt	0.0%	0.0%
Cash and others	1.4%	2.2%

Market cap of stocks

Market cap	Baroda BNP Paribas NIFTY Midcap 150 Index	Navi Nifty Midsmallcap 400 Index
Large Cap	5.6%	3.7%
Mid Cap	90.4%	59.3%
Small Cap	2.5%	34.5%
Not on AMFI's list	0.0%	0.3%

Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Largest sectors

Sector	Baroda BNP Paribas NIFTY Midcap 150 Index	Navi Nifty Midsmallcap 400 Index
Pharmaceuticals & Biotechnology	9.0%	0.0%
Banks	8.6%	0.0%
PHARMACEUTICALS & BIOTECHNOLOGY	0.0%	8.6%
BANKS	0.0%	7.4%
FINANCE	0.0%	7.0%
Finance	6.8%	0.0%
AUTO COMPONENTS	0.0%	5.9%
Electrical Equipment	5.9%	0.0%
Retailing	5.5%	0.0%
CAPITAL MARKETS	0.0%	4.9%
INDUSTRIAL PRODUCTS	0.0%	4.9%
Capital Markets	4.6%	0.0%

The six largest sectors of each fund's stocks, % of the fund.

Baroda BNP Paribas NIFTY Midcap 150 Index vs Navi Nifty Midsmallcap 400 Index: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	Baroda BNP Paribas NIFTY Midcap 150 Index Fund	Navi Nifty Midsmallcap 400 Index Fund
Total expense ratio (Direct)	0.58%	0.52%
Base expense ratio (Direct)	0.33%	0.15%
Total expense ratio (Regular)	1.25%	1.40%
Base expense ratio (Regular)	0.90%	0.90%

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.

Baroda BNP Paribas NIFTY Midcap 150 Index Fund vs Navi Nifty Midsmallcap 400 Index Fund: Frequently Asked Questions

What is the difference between Baroda BNP Paribas NIFTY Midcap 150 Index Fund and Navi Nifty Midsmallcap 400 Index Fund?

Baroda BNP Paribas NIFTY Midcap 150 Index Fund is a mutual fund, Navi Nifty Midsmallcap 400 Index Fund is an Index fund, run by Baroda BNP Paribas Mutual Fund and Navi Mutual Fund. Their portfolios overlap 63.6%. Baroda BNP Paribas NIFTY Midcap 150 Index Fund charges 0.58% a year and Navi Nifty Midsmallcap 400 Index Fund 0.52%.

Which has the lower expense ratio, Baroda BNP Paribas NIFTY Midcap 150 Index Fund or Navi Nifty Midsmallcap 400 Index Fund?

Navi Nifty Midsmallcap 400 Index Fund charges less: 0.52% a year against 0.58%. These are the Direct plans' total expense ratios reported to AMFI.

How much do Baroda BNP Paribas NIFTY Midcap 150 Index Fund and Navi Nifty Midsmallcap 400 Index Fund overlap?

63.6%. They hold 149 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.

Can I invest in both Baroda BNP Paribas NIFTY Midcap 150 Index Fund and Navi Nifty Midsmallcap 400 Index Fund?

Yes. 63.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.