Navi Nifty Midsmallcap 400 Index Fund vs UTI Nifty500 Shariah Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Navi Nifty Midsmallcap 400 Index Fund is an Index fund and UTI Nifty500 Shariah Index Fund is an Index fund. Navi Nifty Midsmallcap 400 Index Fund charges 0.52% a year and UTI Nifty500 Shariah Index Fund 0.78% (Direct plans). Their portfolios overlap 42.4%: they hold 164 of the same securities.
Navi Nifty Midsmallcap 400 Index Fund
Index
- Expense ratio
- 0.52%
- NAV
- ₹9.88
Which is better, Navi Nifty Midsmallcap 400 Index or UTI Nifty500 Shariah 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 0.78% (Direct plans).
- UTI Nifty500 Shariah Index fell less in its worst fall since 26-02-2026: −10.3% against −12.1%.
- UTI Nifty500 Shariah Index holds more in large companies: 54.0% of the fund in large caps against 3.7%.
- UTI Nifty500 Shariah Index is the larger fund: ₹88 Cr against ₹12 Cr.
- Their portfolios overlap 42.4%: 164 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 Midsmallcap 400 Index Fund | UTI Nifty500 Shariah Index Fund |
|---|---|---|
| Fund house | Navi Mutual Fund | UTI Mutual Fund |
| Category | Index | Index |
| AUM | ₹12 Cr (30-09-2026) | ₹88 Cr (30-09-2026) |
| NAV | ₹9.88 (Direct) | ₹9.62 (Direct) |
| Expense ratio (Direct) | 0.52% | 0.78% |
| Expense ratio (Regular) | 1.40% | 1.24% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty MidSmallcap 400 Index | Nifty 500 Shariah TRI |
| Launch date | 09-12-2025 | 23-02-2026 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Ashutosh Shirwaikar | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | NIL | Nil |
Navi Nifty Midsmallcap 400 Index vs UTI Nifty500 Shariah 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 |
|---|---|---|---|---|---|---|---|
| Navi Nifty Midsmallcap 400 Index Fund (Direct) | −4.45% | −7.72% | −2.85% | -- | -- | -- | -- |
| UTI Nifty500 Shariah Index Fund (Direct) | +0.16% | −6.03% | −2.97% | -- | -- | -- | -- |
Navi Nifty Midsmallcap 400 Index vs UTI Nifty500 Shariah Index: Year-wise Returns
| Year | Navi Nifty Midsmallcap 400Navi Nifty Midsmallcap 400 Index | UTI Nifty500 ShariahUTI Nifty500 Shariah Index |
|---|---|---|
| 2026to date | −3.70% | -- |
Navi Nifty Midsmallcap 400 Index vs UTI Nifty500 Shariah Index: Rolling Returns
Every holding period of both funds, against Nifty MidSmallcap 400 TRI, the benchmark of Navi Nifty Midsmallcap 400 Index Fund
Navi Nifty Midsmallcap 400 Index vs UTI Nifty500 Shariah Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Navi Nifty Midsmallcap 400 Index Fund (Direct) | UTI Nifty500 Shariah Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.14% | −6.11% |
| Standard deviation | 17.20% | 14.41% |
| Sharpe ratio | -0.37 | -0.79 |
| Sortino ratio | -0.50 | -1.04 |
| Maximum drawdown | −14.3% (23-03-2026) | −10.3% (23-10-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.90% | −0.70% |
From daily NAVs, 10-12-2025 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.
Navi Nifty Midsmallcap 400 Index Fund (Direct)
UTI Nifty500 Shariah Index Fund (Direct)
Nifty MidSmallcap 400 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Navi Nifty Midsmallcap 400 Index Fund (Direct) | −12.1% | 28-08-2026 | 23-10-2026 | Not yet | -- | −10.1% |
| UTI Nifty500 Shariah Index Fund (Direct) | −10.3% | 10-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
| Nifty MidSmallcap 400 TRI | −12.0% | 28-08-2026 | 23-10-2026 | Not yet | -- | −10.0% |
From daily values since 26-02-2026, the first day every fund has.
Navi Nifty Midsmallcap 400 Index vs UTI Nifty500 Shariah Index: Portfolio Overlap
From each fund's latest monthly portfolio: Navi Nifty Midsmallcap 400 Index Fund, September 2026; UTI Nifty500 Shariah Index Fund, September 2026
Holdings in common
- Overlap
- 42.4%
- Held by both
- 164
- Only in Navi Nifty Midsmallcap 400 Index
- 232
- Only in UTI Nifty500 Shariah Index
- 39
| Security | % of Navi Nifty Midsmallcap 400 Index | % of UTI Nifty500 Shariah Index |
|---|---|---|
| LAURUS LABS LIMITED | 1.22% | 1.28% |
| HERO MOTOCORP LIMITED | 1.08% | 1.13% |
| BHARAT HEAVY ELECTRICALS LIMITED | 0.96% | 1.01% |
| COFORGE LIMITED | 0.96% | 1.01% |
| PERSISTENT SYSTEMS LTD | 0.91% | 0.96% |
| DIXON TECHNOLOGIES (INDIA) LIMITED | 0.87% | 0.91% |
| GE VERNOVA T&D INDIA LIMITED | 0.82% | 0.87% |
| LENSKART SOLUTIONS LIMITED | 0.80% | 0.84% |
| LUPIN LIMITED | 0.78% | 0.82% |
| SUZLON ENERGY LIMITED | 0.76% | 0.80% |
| INDUS TOWERS LIMITED | 0.76% | 0.80% |
| AUROBINDO PHARMA LIMITED | 0.73% | 0.77% |
| MARICO LIMITED | 0.66% | 0.69% |
| FORTIS HEALTHCARE LIMITED | 0.64% | 0.67% |
| APL APOLLO TUBES LIMITED | 0.63% | 0.66% |
| SWIGGY LIMITED | 0.59% | 0.63% |
| SONA BLW PRECISION FORGINGS LIMITED | 0.59% | 0.62% |
| SRF LIMITED | 0.57% | 0.60% |
| WELSPUN CORP LTD | 0.56% | 0.59% |
| GLENMARK PHARMACEUTICALS LIMITED | 0.56% | 0.58% |
| LODHA DEVELOPERS LIMITED | 0.53% | 0.56% |
| APAR INDUSTRIES LTD | 0.52% | 0.54% |
| ALKEM LABORATORIES LIMITED | 0.49% | 0.52% |
| NAVIN FLUORINE INTERNATIONAL LIMITED | 0.48% | 0.51% |
| UPL LIMITED | 0.48% | 0.50% |
| VISHAL MEGA MART LIMITED | 0.45% | 0.47% |
| MPHASIS LIMITED | 0.45% | 0.47% |
| MANKIND PHARMA LIMITED | 0.45% | 0.47% |
| KEI INDUSTRIES LIMITED | 0.43% | 0.46% |
| STEEL AUTHORITY OF INDIA LIMITED | 0.42% | 0.44% |
| IPCA LABORATORIES LIMITED | 0.42% | 0.45% |
| HAVELLS INDIA LIMITED | 0.41% | 0.43% |
| BIOCON LIMITED | 0.41% | 0.43% |
| MRF LIMITED | 0.40% | 0.41% |
| TUBE INVESTMENTS OF INDIA LTD | 0.40% | 0.42% |
| VOLTAS LIMITED | 0.39% | 0.41% |
| REDINGTON LIMITED | 0.38% | 0.40% |
| JINDAL STAINLESS LIMITED | 0.37% | 0.39% |
| COLGATE PALMOLIVE (INDIA) LIMITED | 0.37% | 0.39% |
| HFCL LIMITED | 0.37% | 0.38% |
| SUPREME INDUSTRIES LIMITED | 0.35% | 0.37% |
| PAGE INDUSTRIES LIMITED | 0.35% | 0.38% |
| PETRONET LNG LIMITED | 0.34% | 0.35% |
| UNO MINDA LIMITED | 0.34% | 0.35% |
| COROMANDEL INTERNATIONAL LIMITED | 0.33% | 0.35% |
| SAI LIFE SCIENCES LTD. | 0.33% | 0.35% |
| SANSERA ENGINEERING LIMITED | 0.32% | 0.33% |
| BLUE STAR LTD | 0.31% | 0.33% |
| EXIDE INDUSTRIES LIMITED | 0.30% | 0.31% |
| ASTER DM HEALTHCARE LIMITED | 0.30% | 0.31% |
| GUJARAT FLUOROCHEMICALS LIMITED | 0.29% | 0.31% |
| HINDUSTAN COPPER LIMITED | 0.29% | 0.30% |
| NEULAND LABORATORIES LTD | 0.29% | 0.30% |
| WOCKHARDT LTD | 0.28% | 0.29% |
| TD POWER SYSTEMS LIMITED | 0.28% | 0.30% |
| ASTRAL LIMITED | 0.27% | 0.28% |
| ACUTAAS CHEMICALS LIMITED | 0.27% | 0.28% |
| BALKRISHNA INDUSTRIES LIMITED | 0.27% | 0.28% |
| AJANTA PHARMA LIMITED | 0.26% | 0.27% |
| KALPATARU PROJECTS INTERNATIONAL LIMITED | 0.25% | 0.26% |
| SCHAEFFLER INDIA LTD | 0.25% | 0.26% |
| CARBORUNDUM UNIVERSAL LIMITED | 0.23% | 0.24% |
| AMBER ENTERPRISES INDIA LIMITED | 0.23% | 0.24% |
| SYRMA SGS TECHNOLOGY LIMITED | 0.22% | 0.23% |
| DALMIA BHARAT LIMITED | 0.21% | 0.22% |
| THERMAX LIMITED | 0.21% | 0.22% |
| ELGI EQUIPMENTS LIMITED | 0.21% | 0.22% |
| CROMPTON GREAVES CONSUMER ELECTRICAL LTD | 0.21% | 0.22% |
| APOLLO TYRES LIMITED | 0.21% | 0.22% |
| BERGER PAINTS (I) LIMITED | 0.21% | 0.22% |
| LINDE INDIA LIMITED | 0.21% | 0.22% |
| GRANULES INDIA LIMITED | 0.20% | 0.21% |
| PATANJALI FOODS LIMITED | 0.20% | 0.21% |
| TATA TECHNOLOGIES LIMITED | 0.19% | 0.20% |
| GLOBAL HEALTH LIMITED | 0.19% | 0.20% |
| TIMKEN INDIA LIMITED | 0.18% | 0.19% |
| RAIL VIKAS NIGAM LIMITED | 0.18% | 0.19% |
| CRISIL LIMITED | 0.17% | 0.18% |
| FINOLEX CABLES LTD | 0.17% | 0.18% |
| DEEPAK NITRITE LTD | 0.17% | 0.17% |
| THE RAMCO CEMENTS LIMITED | 0.17% | 0.18% |
| BHARTI HEXACOM LIMITED | 0.17% | 0.18% |
| SAGILITY LIMITED | 0.16% | 0.16% |
| INDRAPRASTHA GAS LIMITED | 0.16% | 0.17% |
| KAJARIA CERAMICS LIMITED | 0.16% | 0.17% |
| ADITYA INFOTECH LIMITED | 0.16% | 0.17% |
| TATA CHEMICALS LIMITED | 0.15% | 0.16% |
| ATUL LIMITED | 0.15% | 0.16% |
| CASTROL INDIA LIMITED | 0.15% | 0.16% |
| AMARA RAJA ENERGY & MOBILITY LIMITED | 0.15% | 0.15% |
| ENDURANCE TECHNOLOGIES LIMITED | 0.15% | 0.16% |
| L&T TECHNOLOGY SERVICES LTD | 0.14% | 0.15% |
| MOTHERSON SUMI WIRING INDIA LIMITED | 0.14% | 0.14% |
| NETWEB TECHNOLOGIES INDIA LIMITED | 0.14% | 0.15% |
| CYIENT LIMITED | 0.14% | 0.14% |
| USHA MARTIN LTD | 0.14% | 0.15% |
| ANANT RAJ LIMITED | 0.14% | 0.15% |
| JYOTI CNC AUTOMATION LTD | 0.14% | 0.15% |
| KPIT TECHNOLOGIES LIMITED | 0.13% | 0.14% |
| NBCC (INDIA) LIMITED | 0.13% | 0.14% |
| EMCURE PHARMACEUTICALS LIMITED | 0.13% | 0.14% |
| PG ELECTROPLAST LIMITED | 0.13% | 0.13% |
| R R KABEL LIMITED | 0.13% | 0.14% |
| HEXAWARE TECHNOLOGIES LIMITED | 0.12% | 0.12% |
| FORCE MOTORS LTD. | 0.12% | 0.14% |
| GABRIEL INDIA LIMITED | 0.12% | 0.13% |
| EMAMI LTD | 0.12% | 0.12% |
| NAVA LIMITED | 0.12% | 0.13% |
| ECLERX SERVICES LIMITED | 0.12% | 0.12% |
| SHYAM METALICS AND ENERGY LTD. | 0.12% | 0.12% |
| ACC LIMITED | 0.11% | 0.12% |
| COHANCE LIFESCIENCES LIMITED | 0.11% | 0.12% |
| INOX WIND LIMITED | 0.11% | 0.11% |
| CHENNAI PETROLEUM CORPORATION LTD. | 0.11% | 0.12% |
| WELSPUN LIVING LIMITED | 0.11% | 0.12% |
| SYNGENE INTERNATIONAL LIMITED | 0.11% | 0.12% |
| CEAT LIMITED | 0.11% | 0.11% |
| WHIRLPOOL OF INDIA LIMITED | 0.11% | 0.11% |
| SCHNEIDER ELECTRIC INFRASTRUCTURE LTD. | 0.11% | 0.12% |
| MAHANAGAR GAS LIMITED | 0.10% | 0.10% |
| CHAMBAL FERTILIZERS & CHEMICALS LIMITED | 0.10% | 0.10% |
| JINDAL SAW LTD | 0.10% | 0.11% |
| TITAGARH RAIL SYSTEMS LIMITED | 0.10% | 0.11% |
| ITD CEMENTATION INDIA LIMITED | 0.10% | 0.11% |
| JUBILANT INGREVIA LIMITED | 0.09% | 0.09% |
| GODAWARI POWER AND ISPAT LIMITED | 0.09% | 0.09% |
| GILLETTE INDIA LIMITED | 0.09% | 0.09% |
| RUBICON RESEARCH LIMITED | 0.09% | 0.10% |
| TBO TEK LIMITED | 0.09% | 0.10% |
| LT FOODS LTD | 0.09% | 0.09% |
| MINDA CORPORATION LIMITED | 0.09% | 0.09% |
| NMDC STEEL LIMITED | 0.08% | 0.08% |
| TENNECO CLEAN AIR INDIA LIMITED | 0.08% | 0.09% |
| KEC INTERNATIONAL LIMITED | 0.08% | 0.08% |
| CIE AUTOMOTIVE INDIA LTD. | 0.08% | 0.08% |
| ACTION CONSTRUCTION EQUIPMENT LTD | 0.08% | 0.08% |
| VARDHMAN TEXTILES LIMITED | 0.08% | 0.09% |
| NCC LIMITED | 0.08% | 0.09% |
| GRAVITA INDIA LIMITED | 0.07% | 0.08% |
| THE SHIPPING CORP OF INDIA LTD | 0.07% | 0.08% |
| OLECTRA GREENTECH LIMITED | 0.07% | 0.08% |
| DOMS INDUSTRIES LIMITED | 0.07% | 0.08% |
| CONCORD BIOTECH LIMITED | 0.07% | 0.08% |
| INOX INDIA LIMITED | 0.07% | 0.08% |
| KIRLOSKAR BROTHERS LIMITED | 0.07% | 0.07% |
| BIRLASOFT LTD | 0.07% | 0.08% |
| KSB LIMITED | 0.07% | 0.07% |
| TEGA INDUSTRIES LIMITED | 0.06% | 0.06% |
| BRAINBEES SOLUTIONS LTD. | 0.06% | 0.07% |
| AFCONS INFRASTRUCTURE LIMITED | 0.06% | 0.06% |
| BATA INDIA LIMITED | 0.06% | 0.07% |
| FRACTAL ANALYTICS LIMITED | 0.06% | 0.06% |
| BLACK BOX LIMITED | 0.06% | 0.06% |
| NUVOCO VISTAS CORPORATION LIMITED | 0.05% | 0.06% |
| JUPITER WAGONS LIMITED | 0.05% | 0.05% |
| TRANSFORMERS & RECTIFIERS (INDIA) LTD | 0.05% | 0.05% |
| TRIDENT LIMITED | 0.04% | 0.05% |
| RAILTEL CORPORATION OF INDIA LIMITED | 0.04% | 0.04% |
| ITI LTD. | 0.04% | 0.04% |
| RHI MAGNESITA INDIA LIMITED | 0.04% | 0.04% |
| GALLANTT ISPAT LIMITED | 0.03% | 0.03% |
| INDIA CEMENTS LTD | 0.03% | 0.03% |
| HEG LIMITED | 0.03% | 0.03% |
| BHARAT COKING COAL LIMITED | 0.02% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.4% means 42.4% 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 Midsmallcap 400 Index Fund
| Security | % of fund |
|---|---|
| MULTI COMMODITY EXCHANGE OF INDIA LTD. | 1.33% |
| THE FEDERAL BANK LIMITED | 1.24% |
| ONE 97 COMMUNICATIONS LIMITED | 1.14% |
| THE INDIAN HOTELS COMPANY LIMITED | 1.01% |
| INDUSIND BANK LIMITED | 0.94% |
Largest holdings only in UTI Nifty500 Shariah Index Fund
| Security | % of fund |
|---|---|
| EQ - INFOSYS LTD. | 5.84% |
| EQ - ETERNAL LIMITED | 3.86% |
| EQ - TATA CONSULTANCY SERVICES LTD. | 3.48% |
| EQ - SUN PHARMACEUTICALS INDUSTRIES | 3.20% |
| EQ - HINDUSTAN UNILEVER LTD | 2.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Navi Nifty Midsmallcap 400 Index | UTI Nifty500 Shariah Index |
|---|---|---|
| Equity | 97.8% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.2% | -0.2% |
Market cap of stocks
| Market cap | Navi Nifty Midsmallcap 400 Index | UTI Nifty500 Shariah Index |
|---|---|---|
| Large Cap | 3.7% | 54.0% |
| Mid Cap | 59.3% | 30.9% |
| Small Cap | 34.5% | 15.0% |
| Not on AMFI's list | 0.3% | 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 | Navi Nifty Midsmallcap 400 Index | UTI Nifty500 Shariah Index |
|---|---|---|
| IT - Software | 0.0% | 16.6% |
| Pharmaceuticals & Biotechnology | 0.0% | 13.7% |
| PHARMACEUTICALS & BIOTECHNOLOGY | 8.6% | 0.0% |
| Retailing | 0.0% | 8.3% |
| BANKS | 7.4% | 0.0% |
| FINANCE | 7.0% | 0.0% |
| Electrical Equipment | 0.0% | 6.0% |
| AUTO COMPONENTS | 5.9% | 0.0% |
| Industrial Products | 0.0% | 5.9% |
| Auto Components | 0.0% | 5.3% |
| CAPITAL MARKETS | 4.9% | 0.0% |
| INDUSTRIAL PRODUCTS | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Navi Nifty Midsmallcap 400 Index vs UTI Nifty500 Shariah Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Navi Nifty Midsmallcap 400 Index Fund | UTI Nifty500 Shariah Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.52% | 0.78% |
| Base expense ratio (Direct) | 0.15% | 0.50% |
| Total expense ratio (Regular) | 1.40% | 1.24% |
| 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.
Navi Nifty Midsmallcap 400 Index Fund vs UTI Nifty500 Shariah Index Fund: Frequently Asked Questions
What is the difference between Navi Nifty Midsmallcap 400 Index Fund and UTI Nifty500 Shariah Index Fund?
Navi Nifty Midsmallcap 400 Index Fund is an Index fund, UTI Nifty500 Shariah Index Fund is an Index fund, run by Navi Mutual Fund and UTI Mutual Fund. Their portfolios overlap 42.4%. Navi Nifty Midsmallcap 400 Index Fund charges 0.52% a year and UTI Nifty500 Shariah Index Fund 0.78%.
Which has the lower expense ratio, Navi Nifty Midsmallcap 400 Index Fund or UTI Nifty500 Shariah Index Fund?
Navi Nifty Midsmallcap 400 Index Fund charges less: 0.52% a year against 0.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Navi Nifty Midsmallcap 400 Index Fund and UTI Nifty500 Shariah Index Fund overlap?
42.4%. They hold 164 of the same securities, the largest shared ones being LAURUSLABS, HEROMOTOCO, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Navi Nifty Midsmallcap 400 Index Fund or UTI Nifty500 Shariah Index Fund?
On SEBI's riskometer, Navi Nifty Midsmallcap 400 Index Fund is rated Very High and UTI Nifty500 Shariah Index Fund Very High. Over their common history, the standard deviation of daily returns was 17.20% and 14.41% a year.
Can I invest in both Navi Nifty Midsmallcap 400 Index Fund and UTI Nifty500 Shariah Index Fund?
Yes. 42.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Navi Nifty Midsmallcap 400 Index Fund and UTI Nifty500 Shariah Index Fund?
Navi Nifty Midsmallcap 400 Index Fund: Ashutosh Shirwaikar. UTI Nifty500 Shariah Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.