Navi Nifty Midcap 150 Index fund vs SBI Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Navi Nifty Midcap 150 Index fund is an Index fund and SBI Midcap Fund is a Mid Cap fund. In the 3 years to 30-10-2026, Navi Nifty Midcap 150 Index fund (Direct) returned 13.3% a year and SBI Midcap Fund (Direct) returned 8.9% a year. Navi Nifty Midcap 150 Index fund charges 0.38% a year and SBI Midcap Fund 1.03% (Direct plans). Their portfolios overlap 29.4%: they hold 40 of the same securities.
Navi Nifty Midcap 150 Index fund
Index
- 3 year return
- 13.3%
- Expense ratio
- 0.38%
- NAV
- ₹19.93
Which is better, Navi Nifty Midcap 150 Index fund or SBI Midcap? 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 Midcap 150 Index fund returned more over 3 years: 13.3% a year against 8.9%.
- Navi Nifty Midcap 150 Index fund returned more over 1 year: −4.8% against −5.0%.
- Navi Nifty Midcap 150 Index fund costs less: 0.38% a year against 1.03% (Direct plans).
- SBI Midcap swung less over 3 years: a standard deviation of 13.5% a year against 17.0%.
- SBI Midcap fell less in its worst fall since 11-03-2022: −17.9% against −21.0%.
- SBI Midcap is the larger fund: ₹23,282 Cr against ₹381 Cr.
- Their portfolios overlap 29.4%: 40 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Navi Nifty Midcap 150 Index fund | SBI Midcap Fund |
|---|---|---|
| Fund house | Navi Mutual Fund | SBI Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹381 Cr (30-09-2026) | ₹23,282 Cr (30-09-2026) |
| NAV | ₹19.93 (Direct) | ₹249.78 (Direct) |
| Expense ratio (Direct) | 0.38% | 1.03% |
| Expense ratio (Regular) | 1.15% | 1.81% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 11-03-2022 | 29-03-2005 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ashutosh Shirwaikar | Bhavin Vithlani |
| Exit load | NIL | Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days. |
Navi Nifty Midcap 150 Index fund vs SBI Midcap: 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 |
|---|---|---|---|---|---|---|---|
| Navi Nifty Midcap 150 Index fund (Direct) | −3.71% | −8.62% | −4.21% | −4.80% | +13.26% | -- | -- |
| SBI Midcap Fund (Direct) | −4.57% | −8.85% | −5.14% | −5.01% | +8.94% | +11.17% | +12.82% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Navi Nifty Midcap 150 Index fund vs SBI Midcap: Year-wise Returns
| Year | Navi Nifty Midcap 150 Index fundNavi Nifty Midcap 150 Index fund | SBI MidcapSBI Midcap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −5.34% | −5.94% | −4.97% |
| 2025 | +5.39% | +1.20% | +5.98% |
| 2024 | +23.93% | +21.41% | +24.46% |
| 2023 | +43.75% | +35.67% | +44.61% |
| 2022 | -- | +3.95% | +3.91% |
| 2021 | -- | +53.63% | +48.16% |
Navi Nifty Midcap 150 Index fund vs SBI Midcap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 403 of them, one for each trading day from 11-03-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Navi Nifty Midcap 150 Index fund (Direct)
SBI Midcap Fund (Direct)
Nifty Midcap 150 TRI
to
Apr 2025Aug 2022
to
Aug 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Navi Nifty Midcap 150 Index fund | 0.0 | 0.0 | 0.0 | 7.7 | 18.9 | 59.3 | 14.1 | 21.7% | 22.1% | 12.1% | 30.7% | 0% |
| SBI Midcap | 0.0 | 0.0 | 5.6 | 23.2 | 57.7 | 13.4 | 0.0 | 16.7% | 16.9% | 8.1% | 24.6% | 0% |
| Nifty Midcap 150 TRI | 0.0 | 0.0 | 0.0 | 6.7 | 15.6 | 62.0 | 15.6 | 22.3% | 22.7% | 12.7% | 31.3% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Midcap 150 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 11-03-2022. Past returns do not promise future returns.
Navi Nifty Midcap 150 Index fund vs SBI Midcap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 11-03-2022 to 30-10-2026: 56 instalments, ₹5,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Navi Nifty Midcap 150 Index fundNavi Nifty Midcap 150 Index fund (Direct) | ₹5,60,000 | ₹7,28,760 | ₹1,68,760 | 11.3% |
| SBI MidcapSBI Midcap Fund (Direct) | ₹5,60,000 | ₹6,66,381 | ₹1,06,381 | 7.4% |
Navi Nifty Midcap 150 Index fundNavi Nifty Midcap 150 Index fund (Direct)
SBI MidcapSBI Midcap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Navi Nifty Midcap 150 Index fund vs SBI Midcap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Navi Nifty Midcap 150 Index fund (Direct) | SBI Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.80% | −5.01% |
| Standard deviation | 16.54% | 14.45% |
| Sharpe ratio | -0.61 | -0.71 |
| Sortino ratio | -0.81 | -0.93 |
| Maximum drawdown | −14.0% (31-03-2026) | −13.1% (31-03-2026) |
| Beta | 1.00 | 0.84 |
| Alpha | −0.44% | −2.20% |
From daily NAVs, 30-10-2025 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.
| Measure | Navi Nifty Midcap 150 Index fund (Direct) | SBI Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.26% | +8.94% |
| Standard deviation | 17.02% | 13.45% |
| Sharpe ratio | 0.43 | 0.22 |
| Sortino ratio | 0.57 | 0.29 |
| Maximum drawdown | −21.0% (28-02-2025) | −17.9% (28-02-2025) |
| Beta | 1.00 | 0.74 |
| Alpha | −0.54% | −2.89% |
From daily NAVs, 30-10-2023 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.
| Measure | Navi Nifty Midcap 150 Index fund (Direct) | SBI Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.08% | +17.15% |
| Standard deviation | 16.05% | 14.97% |
| Sharpe ratio | 0.63 | 0.74 |
| Sortino ratio | 0.84 | 0.99 |
| Maximum drawdown | −21.0% (28-02-2025) | −43.0% (24-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.58% | -- |
From daily NAVs, 11-03-2022 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.
Navi Nifty Midcap 150 Index fund (Direct)
SBI Midcap 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 |
|---|---|---|---|---|---|---|
| Navi Nifty Midcap 150 Index fund (Direct) | −21.0% | 24-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −10.6% |
| SBI Midcap Fund (Direct) | −17.9% | 24-09-2024 | 28-02-2025 | Not yet | -- | −10.6% |
| Nifty Midcap 150 TRI | −20.9% | 24-09-2024 | 28-02-2025 | 12-11-2025 | 8 months | −10.5% |
From daily values since 11-03-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Navi Nifty Midcap 150 Index fund (Direct)
SBI Midcap Fund (Direct)
Nifty Midcap 150 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Navi Nifty Midcap 150 Index fund (Direct)
SBI Midcap Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Navi Nifty Midcap 150 Index fund (Direct) | 99% | 101% | 0.14% |
| SBI Midcap Fund (Direct) | 80% | 82% | 5.41% |
From month-end values since 11-03-2022. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Navi Nifty Midcap 150 Index fund vs SBI Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Navi Nifty Midcap 150 Index fund, September 2026; SBI Midcap Fund, September 2026
Holdings in common
- Overlap
- 29.4%
- Held by both
- 40
- Only in Navi Nifty Midcap 150 Index fund
- 109
- Only in SBI Midcap
- 17
| Security | % of Navi Nifty Midcap 150 Index fund | % of SBI Midcap |
|---|---|---|
| MULTI COMMODITY EXCHANGE OF INDIA LTD. | 2.08% | 3.12% |
| THE FEDERAL BANK LIMITED | 1.93% | 2.45% |
| BHARAT HEAVY ELECTRICALS LIMITED | 1.49% | 2.68% |
| BHARAT FORGE LIMITED | 1.32% | 2.23% |
| LUPIN LIMITED | 1.22% | 1.83% |
| INDUS TOWERS LIMITED | 1.19% | 1.51% |
| AUROBINDO PHARMA LIMITED | 1.14% | 2.18% |
| FSN E-COMMERCE VENTURES LIMITED | 1.08% | 2.47% |
| ONE 97 COMMUNICATIONS LIMITED | 1.78% | 0.99% |
| ICICI LOMBARD GENERAL INSURANCE COMPANY | 0.96% | 2.73% |
| SWIGGY LIMITED | 0.93% | 1.93% |
| THE PHOENIX MILLS LIMITED | 0.89% | 1.66% |
| SRF LIMITED | 0.89% | 2.87% |
| FORTIS HEALTHCARE LIMITED | 0.99% | 0.84% |
| JSW ENERGY LIMITED | 0.75% | 1.01% |
| SHREE CEMENT LIMITED | 0.74% | 2.40% |
| SUNDARAM FINANCE LIMITED | 0.74% | 2.61% |
| 360 ONE WAM LIMITED | 0.67% | 1.59% |
| BILLIONBRAINS GARAGE VENTURES LTD. | 0.65% | 1.10% |
| BIOCON LIMITED | 0.64% | 2.48% |
| TORRENT POWER LIMITED | 0.58% | 3.48% |
| COLGATE PALMOLIVE (INDIA) LIMITED | 0.57% | 1.36% |
| PAGE INDUSTRIES LIMITED | 0.57% | 1.65% |
| SUPREME INDUSTRIES LIMITED | 0.55% | 2.96% |
| MAHINDRA & MAHINDRA FINANCIAL SERV LTD. | 0.53% | 1.09% |
| JSW INFRASTRUCTURE LIMITED | 0.53% | 1.33% |
| JK CEMENT LIMITED | 0.52% | 1.09% |
| OBEROI REALTY LIMITED | 0.51% | 2.05% |
| PI INDUSTRIES LIMITED | 0.46% | 1.49% |
| ICICI PRUDENTIAL LIFE INSURANCE COMPANY | 0.43% | 1.91% |
| SCHAEFFLER INDIA LTD | 0.39% | 1.51% |
| AIA ENGINEERING LIMITED | 0.37% | 1.16% |
| DALMIA BHARAT LIMITED | 0.33% | 1.66% |
| HDB FINANCIAL SERVICES LIMITED | 0.33% | 1.87% |
| BERGER PAINTS (I) LIMITED | 0.32% | 2.23% |
| GLAXOSMITHKLINE PHARMACEUTICALS LTD | 0.28% | 1.40% |
| THERMAX LIMITED | 0.32% | 0.27% |
| CRISIL LIMITED | 0.27% | 2.87% |
| ANTHEM BIOSCIENCES LIMITED | 0.23% | 1.59% |
| L&T TECHNOLOGY SERVICES LTD | 0.22% | 0.69% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.4% means 29.4% 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 Navi Nifty Midcap 150 Index fund
| Security | % of fund |
|---|---|
| LAURUS LABS LIMITED | 1.90% |
| HERO MOTOCORP LIMITED | 1.68% |
| THE INDIAN HOTELS COMPANY LIMITED | 1.57% |
| COFORGE LIMITED | 1.50% |
| INDUSIND BANK LIMITED | 1.47% |
Largest holdings only in SBI Midcap Fund
| Security | % of fund |
|---|---|
| Urban Company Ltd. | 2.35% |
| Siemens Ltd. | 2.25% |
| Grindwell Norton Ltd. | 2.14% |
| Sundram Fasteners Ltd. | 1.95% |
| Motherson Sumi Wiring India Ltd. | 1.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Navi Nifty Midcap 150 Index fund | SBI Midcap |
|---|---|---|
| Equity | 99.2% | 97.0% |
| Debt | 0.0% | 0.8% |
| Cash and others | 0.8% | 2.2% |
Market cap of stocks
| Market cap | Navi Nifty Midcap 150 Index fund | SBI Midcap |
|---|---|---|
| Large Cap | 5.7% | 12.4% |
| Mid Cap | 90.9% | 67.1% |
| Small Cap | 2.5% | 17.6% |
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 | Navi Nifty Midcap 150 Index fund | SBI Midcap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 0.0% | 9.5% |
| PHARMACEUTICALS & BIOTECHNOLOGY | 9.2% | 0.0% |
| BANKS | 8.7% | 0.0% |
| Finance | 0.0% | 8.4% |
| Industrial Products | 0.0% | 7.8% |
| Auto Components | 0.0% | 7.5% |
| FINANCE | 6.8% | 0.0% |
| Retailing | 0.0% | 6.8% |
| Power | 0.0% | 6.2% |
| ELECTRICAL EQUIPMENT | 6.0% | 0.0% |
| RETAILING | 5.6% | 0.0% |
| CAPITAL MARKETS | 4.7% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Navi Nifty Midcap 150 Index fund vs SBI Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Navi Nifty Midcap 150 Index fund | SBI Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.38% | 1.03% |
| Base expense ratio (Direct) | 0.25% | 0.73% |
| Total expense ratio (Regular) | 1.15% | 1.81% |
| Base expense ratio (Regular) | 0.90% | 1.40% |
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.
More comparisons
Each fund against the others of its category
Navi Nifty Midcap 150 Index fund vs SBI Midcap Fund: Frequently Asked Questions
What is the difference between Navi Nifty Midcap 150 Index fund and SBI Midcap Fund?
Navi Nifty Midcap 150 Index fund is an Index fund, SBI Midcap Fund is a Mid Cap fund, run by Navi Mutual Fund and SBI Mutual Fund. Their portfolios overlap 29.4%. Navi Nifty Midcap 150 Index fund charges 0.38% a year and SBI Midcap Fund 1.03%.
Which has given higher returns, Navi Nifty Midcap 150 Index fund or SBI Midcap Fund?
Over 1 year: Navi Nifty Midcap 150 Index fund −4.80%, SBI Midcap Fund −5.01%. Over 3 years: Navi Nifty Midcap 150 Index fund +13.26% a year, SBI Midcap Fund +8.94% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Navi Nifty Midcap 150 Index fund or SBI Midcap Fund?
Navi Nifty Midcap 150 Index fund charges less: 0.38% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Navi Nifty Midcap 150 Index fund and SBI Midcap Fund overlap?
29.4%. They hold 40 of the same securities, the largest shared ones being MCX, FEDERALBNK, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Navi Nifty Midcap 150 Index fund or SBI Midcap Fund?
On SEBI's riskometer, Navi Nifty Midcap 150 Index fund is rated Very High and SBI Midcap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.02% and 13.45% a year.
Which is better for SIP, Navi Nifty Midcap 150 Index fund or SBI Midcap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,88,335 in Navi Nifty Midcap 150 Index fund (XIRR 3.1% a year) and ₹3,72,789 in SBI Midcap Fund (XIRR 0.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Navi Nifty Midcap 150 Index fund and SBI Midcap Fund?
Yes. 29.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Navi Nifty Midcap 150 Index fund and SBI Midcap Fund?
Navi Nifty Midcap 150 Index fund: Ashutosh Shirwaikar. SBI Midcap Fund: Bhavin Vithlani.
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.