Groww Nifty Midcap 150 Index Fund vs Navi Nifty Midsmallcap 400 Index Fund

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

Groww Nifty Midcap 150 Index Fund is an Index fund and Navi Nifty Midsmallcap 400 Index Fund is an Index fund. Groww Nifty Midcap 150 Index Fund charges 0.54% 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.

Groww Nifty Midcap 150 Index Fund

Index

Expense ratio: 0.54%
NAV: ₹9.42

See Groww 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, Groww 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 0.54% (Direct plans).
Groww Nifty Midcap 150 Index fell less in its worst fall since 10-12-2025: −14.0% against −14.3%.
Groww Nifty Midcap 150 Index is the larger fund: ₹15 Cr against ₹12 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

Groww Nifty Midcap 150 Index Fund (Direct)
−3.0%
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	Groww Nifty Midcap 150 Index Fund	Navi Nifty Midsmallcap 400 Index Fund
Fund house	Groww Mutual Fund	Navi Mutual Fund
Category	Index	Index
AUM	₹15 Cr (30-09-2026)	₹12 Cr (30-09-2026)
NAV	₹9.42 (Direct)	₹9.88 (Direct)
Expense ratio (Direct)	0.54%	0.52%
Expense ratio (Regular)	1.18%	1.40%
Riskometer	Very High	Very High
Benchmark	Nifty Next 50 TRI	Nifty MidSmallcap 400 Index
Launch date	13-11-2025	09-12-2025
Minimum investment	₹500	₹100
Lock in	None	None
Fund managers	Aakash Chauhan, Nikhil Satam, Shashi Kumar	Ashutosh Shirwaikar
Exit load	Nil	NIL

Groww 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
Groww Nifty Midcap 150 Index Fund (Direct)	−3.72%	−8.68%	−4.31%	--	--	--	--
Navi Nifty Midsmallcap 400 Index Fund (Direct)	−4.45%	−7.72%	−2.85%	--	--	--	--

Groww Nifty Midcap 150 Index vs Navi Nifty Midsmallcap 400 Index: Year-wise Returns

Year	Groww Nifty Midcap 150Groww Nifty Midcap 150 Index	Navi Nifty Midsmallcap 400Navi Nifty Midsmallcap 400 Index
2026to date	−5.47%	−3.70%

Groww Nifty Midcap 150 Index vs Navi Nifty Midsmallcap 400 Index: Rolling Returns

Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of Groww Nifty Midcap 150 Index Fund

Groww 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	Groww Nifty Midcap 150 Index Fund (Direct)	Navi Nifty Midsmallcap 400 Index Fund (Direct)
Return (CAGR)	−6.67%	−1.14%
Standard deviation	16.87%	17.20%
Sharpe ratio	-0.71	-0.37
Sortino ratio	-0.94	-0.50
Maximum drawdown	−14.0% (31-03-2026)	−14.3% (23-03-2026)
Beta	0.90	0.99
Alpha	−4.69%	−0.90%

From daily NAVs, 17-11-2025 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

Groww Nifty Midcap 150 Index Fund (Direct)Navi Nifty Midsmallcap 400 Index Fund (Direct)Nifty Next 50 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Groww Nifty Midcap 150 Index Fund (Direct)	−14.0%	07-01-2026	31-03-2026	07-05-2026	37 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 Next 50 TRI	−14.4%	26-02-2026	30-03-2026	21-04-2026	22 days	−9.3%

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

Groww Nifty Midcap 150 Index vs Navi Nifty Midsmallcap 400 Index: Portfolio Overlap

From each fund's latest monthly portfolio: Groww 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 Groww Nifty Midcap 150 Index: 1
Only in Navi Nifty Midsmallcap 400 Index: 247

Security	% of Groww Nifty Midcap 150 Index	% of Navi Nifty Midsmallcap 400 Index
Multi Commodity Exchange of India Ltd.	2.08%	1.33%
The Federal Bank Limited	1.94%	1.24%
Laurus Labs Limited	1.90%	1.22%
One 97 Communications Limited	1.78%	1.14%
Hero MotoCorp Limited	1.68%	1.08%
The Indian Hotels Company Limited	1.58%	1.01%
Coforge Limited	1.50%	0.96%
Bharat Heavy Electricals Limited	1.49%	0.96%
IndusInd Bank Limited	1.47%	0.94%
AU Small Finance Bank Limited	1.45%	0.93%
PERSISTENT SYSTEMS LTD	1.42%	0.91%
Dixon Technologies (India) Limited	1.34%	0.87%
IDFC First Bank Limited	1.33%	0.86%
Bharat Forge Limited	1.32%	0.85%
GE Vernova T&D India Limited	1.28%	0.82%
Lenskart Solutions Limited	1.24%	0.80%
Life Insurance Corporation Of India	1.24%	0.79%
Lupin Limited	1.22%	0.78%
Suzlon Energy Limited	1.19%	0.76%
Indus Towers Limited	1.19%	0.76%
Info Edge (India) Limited	1.17%	0.75%
Aurobindo Pharma Limited	1.14%	0.73%
Ashok Leyland Limited	1.09%	0.70%
FSN E-Commerce Ventures Limited	1.08%	0.69%
Marico Limited	1.03%	0.66%
Fortis Healthcare Limited	0.99%	0.64%
United Spirits Limited	0.99%	0.63%
APL Apollo Tubes Limited	0.98%	0.63%
ICICI Lombard General Insurance Company	0.96%	0.61%
PB Fintech Limited	0.93%	0.60%
SWIGGY LIMITED	0.93%	0.59%
REC Limited	0.92%	0.59%
Yes Bank Ltd	0.91%	0.58%
Max Financial Services Limited	0.90%	0.58%
The Phoenix Mills Limited	0.89%	0.57%
SRF Limited	0.89%	0.57%
Glenmark Pharmaceuticals Limited	0.87%	0.56%
Radico Khaitan Limited	0.84%	0.54%
Lodha Developers Limited	0.83%	0.53%
Hindustan Petroleum Corporation Limited	0.83%	0.53%
GMR Airports Limited	0.82%	0.52%
APAR INDUSTRIES LTD	0.80%	0.52%
Aditya Birla Capital Limited	0.80%	0.51%
Alkem Laboratories Limited	0.77%	0.49%
National Aluminium Company Limited	0.75%	0.48%
JSW Energy Limited	0.75%	0.48%
UPL Limited	0.75%	0.48%
Sundaram Finance Limited	0.74%	0.47%
Shree Cement Limited	0.74%	0.47%
MphasiS Limited	0.70%	0.45%
Indian Bank	0.70%	0.45%
Mankind Pharma Limited	0.70%	0.45%
Vishal Mega Mart Limited	0.70%	0.45%
KEI Industries Limited	0.68%	0.43%
NHPC Limited	0.68%	0.43%
360 ONE WAM LIMITED	0.67%	0.43%
IPCA Laboratories Limited	0.66%	0.42%
Piramal Finance Ltd	0.66%	0.42%
NMDC Limited	0.65%	0.42%
Billionbrains Garage Ventures Ltd.	0.65%	0.42%
Steel Authority of India Limited	0.65%	0.42%
Biocon Limited	0.64%	0.41%
Lloyds Metals And Energy Limited	0.64%	0.41%
Havells India Limited	0.63%	0.41%
TUBE INVESTMENTS OF INDIA LTD	0.63%	0.40%
Oracle Financial Services Software	0.62%	0.40%
Prestige Estates Projects Limited	0.62%	0.40%
MRF Limited	0.59%	0.40%
Oil India Limited	0.60%	0.39%
Voltas Limited	0.60%	0.39%
Torrent Power Limited	0.58%	0.37%
Jindal Stainless Limited	0.58%	0.37%
Colgate Palmolive (India) Limited	0.57%	0.37%
WAAREE ENERGIES LIMITED	0.56%	0.36%
L&T Finance Limited	0.56%	0.36%
Dabur India Limited	0.55%	0.36%
Page Industries Limited	0.56%	0.35%
Supreme Industries Limited	0.55%	0.35%
Godrej Properties Limited	0.54%	0.35%
Mahindra & Mahindra Financial Serv Ltd.	0.53%	0.34%
Petronet LNG Limited	0.53%	0.34%
JSW Infrastructure Limited	0.53%	0.34%
UNO Minda Limited	0.52%	0.34%
KALYAN JEWELLERS INDIA LIMITED	0.52%	0.34%
JK Cement Limited	0.52%	0.34%
Coromandel International Limited	0.52%	0.33%
Meesho Limited	0.52%	0.33%
Oberoi Realty Limited	0.51%	0.33%
BLUE STAR LTD	0.49%	0.31%
Tata Communications Limited	0.48%	0.31%
Nippon Life India Asset Management Ltd	0.48%	0.31%
Exide Industries Limited	0.46%	0.30%
PI Industries Limited	0.46%	0.30%
Aster DM Healthcare Limited	0.46%	0.30%
Gujarat Fluorochemicals Limited	0.46%	0.29%
ITC Hotels Limited	0.45%	0.29%
ICICI Prudential AMC Ltd	0.45%	0.29%
Hindustan Copper Limited	0.45%	0.29%
Jubilant Foodworks Limited	0.44%	0.28%
ICICI Prudential Life Insurance Company	0.43%	0.28%
LG Electronics India Limited	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	0.41%	0.26%
Adani Total Gas Limited	0.41%	0.26%
Bank of Maharashtra	0.40%	0.26%
LIC Housing Finance Limited	0.39%	0.25%
Bank of India	0.39%	0.25%
Motilal Oswal Financial Services Limited	0.39%	0.25%
Schaeffler India Ltd	0.39%	0.25%
Container Corporation of India Limited	0.38%	0.24%
AIA Engineering Limited	0.37%	0.24%
Authum Investment & Infrastructure Ltd.	0.36%	0.23%
Abbott India Limited	0.35%	0.22%
Indian Railway Catering & Tourism Corp	0.34%	0.22%
Dalmia Bharat Limited	0.33%	0.21%
Linde India Limited	0.33%	0.21%
HDB Financial Services Limited	0.33%	0.21%
General Insurance Corporation of India	0.32%	0.21%
Thermax Limited	0.32%	0.21%
Berger Paints (I) Limited	0.32%	0.21%
Cochin Shipyard Limited	0.31%	0.20%
Premier Energies Limited	0.31%	0.20%
Patanjali Foods Limited	0.31%	0.20%
Narayana Hrudayalaya Limited	0.31%	0.20%
K.P.R. Mill Ltd	0.30%	0.19%
GLOBAL HEALTH LIMITED	0.30%	0.19%
Rail Vikas Nigam Limited	0.28%	0.18%
GlaxoSmithKline Pharmaceuticals Ltd	0.28%	0.18%
CRISIL Limited	0.27%	0.17%
Bharti Hexacom Limited	0.26%	0.17%
Bharat Dynamics Limited	0.25%	0.16%
Neyveli Lignite Corporation Ltd.	0.24%	0.15%
Endurance Technologies Limited	0.23%	0.15%
Anthem Biosciences Limited	0.23%	0.15%
Bajaj Housing Finance Ltd	0.22%	0.14%
Escorts Kubota Limited	0.22%	0.14%
L&T Technology Services Ltd	0.22%	0.14%
Indian Renewable Energy Dev Agency Ltd	0.22%	0.14%
NTPC Green Energy Limited	0.21%	0.14%
Housing and Urban Development Corp. Ltd.	0.21%	0.13%
United Breweries Limited	0.21%	0.13%
Tata Investment Corporation Ltd.	0.20%	0.13%
Godfrey Phillips India Limited	0.19%	0.12%
Hexaware Technologies Limited	0.18%	0.12%
Fertilizers and Chemicals Travancore Ltd	0.12%	0.07%
Indian Overseas Bank	0.11%	0.07%
Godrej Industries Ltd	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 Groww 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	Groww Nifty Midcap 150 Index	Navi Nifty Midsmallcap 400 Index
Equity	99.1%	97.8%
Debt	0.0%	0.0%
Cash and others	0.9%	2.2%

Market cap of stocks

Market cap	Groww Nifty Midcap 150 Index	Navi Nifty Midsmallcap 400 Index
Large Cap	5.7%	3.7%
Mid Cap	90.9%	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	Groww Nifty Midcap 150 Index	Navi Nifty Midsmallcap 400 Index
Pharmaceuticals & Biotechnology	9.2%	0.0%
Banks	8.7%	0.0%
PHARMACEUTICALS & BIOTECHNOLOGY	0.0%	8.6%
BANKS	0.0%	7.4%
FINANCE	0.0%	7.0%
Finance	6.8%	0.0%
Electrical Equipment	6.0%	0.0%
AUTO COMPONENTS	0.0%	5.9%
Retailing	5.6%	0.0%
CAPITAL MARKETS	0.0%	4.9%
INDUSTRIAL PRODUCTS	0.0%	4.9%
Capital Markets	4.7%	0.0%

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

Groww 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	Groww Nifty Midcap 150 Index Fund	Navi Nifty Midsmallcap 400 Index Fund
Total expense ratio (Direct)	0.54%	0.52%
Base expense ratio (Direct)	0.34%	0.15%
Total expense ratio (Regular)	1.18%	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.

Groww Nifty Midcap 150 Index Fund vs Navi Nifty Midsmallcap 400 Index Fund: Frequently Asked Questions

What is the difference between Groww Nifty Midcap 150 Index Fund and Navi Nifty Midsmallcap 400 Index Fund?

Groww Nifty Midcap 150 Index Fund is an Index fund, Navi Nifty Midsmallcap 400 Index Fund is an Index fund, run by Groww Mutual Fund and Navi Mutual Fund. Their portfolios overlap 63.6%. Groww Nifty Midcap 150 Index Fund charges 0.54% a year and Navi Nifty Midsmallcap 400 Index Fund 0.52%.

Which has the lower expense ratio, Groww 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 0.54%. These are the Direct plans' total expense ratios reported to AMFI.

How much do Groww 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.

Which is riskier, Groww Nifty Midcap 150 Index Fund or Navi Nifty Midsmallcap 400 Index Fund?

On SEBI's riskometer, Groww Nifty Midcap 150 Index Fund is rated Very High and Navi Nifty Midsmallcap 400 Index Fund Very High. Over their common history, the standard deviation of daily returns was 16.87% and 17.20% a year.

Can I invest in both Groww 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.

Who manages Groww Nifty Midcap 150 Index Fund and Navi Nifty Midsmallcap 400 Index Fund?

Groww Nifty Midcap 150 Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar. Navi Nifty Midsmallcap 400 Index Fund: Ashutosh Shirwaikar.

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.