Navi Nifty Midsmallcap 400 Index Fund vs Zerodha Nifty MidSmallcap400 50:50 Index Fund

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

Navi Nifty Midsmallcap 400 Index Fund is an Index fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund is an Index fund. Navi Nifty Midsmallcap 400 Index Fund charges 0.52% a year and Zerodha Nifty MidSmallcap400 50:50 Index Fund 0.86% (Direct plans). Their portfolios overlap 83.1%: they hold 395 of the same securities.

Navi Nifty Midsmallcap 400 Index Fund

Index

Expense ratio: 0.52%
NAV: ₹9.88

See Navi Nifty Midsmallcap 400 Index Fund

Zerodha Nifty MidSmallcap400 50:50 Index Fund

Index

Expense ratio: 0.86%
NAV: ₹10.41

See Zerodha Nifty MidSmallcap400 50:50 Index Fund

Which is better, Navi Nifty Midsmallcap 400 Index or Zerodha Nifty MidSmallcap400 50:50 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 0.86% (Direct plans).
Zerodha Nifty MidSmallcap400 50:50 Index fell less in its worst fall since 13-04-2026: −12.0% against −12.1%.
Zerodha Nifty MidSmallcap400 50:50 Index is the larger fund: ₹19 Cr against ₹12 Cr.
Their portfolios overlap 83.1%: 395 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

Navi Nifty Midsmallcap 400 Index Fund (Direct)
+1.8%
Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct)
+3.1%

Change in NAV from 13-04-2026 to 30-10-2026

0%+5%+10%+15%

Key facts

From each fund's scheme summary document and AMFI

Fact	Navi Nifty Midsmallcap 400 Index Fund	Zerodha Nifty MidSmallcap400 50:50 Index Fund
Fund house	Navi Mutual Fund	Zerodha Mutual Fund
Category	Index	Index
AUM	₹12 Cr (30-09-2026)	₹19 Cr (30-09-2026)
NAV	₹9.88 (Direct)	₹10.41 (Direct)
Expense ratio (Direct)	0.52%	0.86%
Expense ratio (Regular)	1.40%	Not available
Riskometer	Very High	Very High
Benchmark	Nifty MidSmallcap 400 Index	Nifty MidSmallcap400 50:50 TRI
Launch date	09-12-2025	09-04-2026
Minimum investment	₹100	₹100
Lock in	None	None
Fund managers	Ashutosh Shirwaikar	Kedarnath Mirajkar
Exit load	NIL	Nil

Navi Nifty Midsmallcap 400 Index vs Zerodha Nifty MidSmallcap400 50:50 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%	--	--	--	--
Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct)	−4.73%	−7.35%	−1.96%	--	--	--	--

Navi Nifty Midsmallcap 400 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: Year-wise Returns

Year	Navi Nifty Midsmallcap 400Navi Nifty Midsmallcap 400 Index	Zerodha Nifty MidSmallcap400 50:50Zerodha Nifty MidSmallcap400 50:50 Index
2026to date	−3.70%	--

Navi Nifty Midsmallcap 400 Index vs Zerodha Nifty MidSmallcap400 50:50 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 Zerodha Nifty MidSmallcap400 50:50 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)	Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct)
Return (CAGR)	−1.14%	+5.82%
Standard deviation	17.20%	14.76%
Sharpe ratio	-0.37	0.04
Sortino ratio	-0.50	0.05
Maximum drawdown	−14.3% (23-03-2026)	−12.0% (23-10-2026)
Beta	0.99	1.00
Alpha	−0.90%	−0.71%

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.

−15%−10%−5%0%

Navi Nifty Midsmallcap 400 Index Fund (Direct)Zerodha Nifty MidSmallcap400 50:50 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%
Zerodha Nifty MidSmallcap400 50:50 Index Fund (Direct)	−12.0%	28-08-2026	23-10-2026	Not yet	--	−10.0%
Nifty MidSmallcap 400 TRI	−12.0%	28-08-2026	23-10-2026	Not yet	--	−10.0%

From daily values since 13-04-2026, the first day every fund has.

Navi Nifty Midsmallcap 400 Index vs Zerodha Nifty MidSmallcap400 50:50 Index: Portfolio Overlap

From each fund's latest monthly portfolio: Navi Nifty Midsmallcap 400 Index Fund, September 2026; Zerodha Nifty MidSmallcap400 50:50 Index Fund, September 2026

Holdings in common

Overlap: 83.1%
Held by both: 395
Only in Navi Nifty Midsmallcap 400 Index: 1
Only in Zerodha Nifty MidSmallcap400 50:50 Index: 3

Security	% of Navi Nifty Midsmallcap 400 Index	% of Zerodha Nifty MidSmallcap400 50:50 Index
MULTI COMMODITY EXCHANGE OF INDIA LTD.	1.33%	1.04%
THE FEDERAL BANK LIMITED	1.24%	0.97%
LAURUS LABS LIMITED	1.22%	0.95%
ONE 97 COMMUNICATIONS LIMITED	1.14%	0.89%
HERO MOTOCORP LIMITED	1.08%	0.84%
THE INDIAN HOTELS COMPANY LIMITED	1.01%	0.78%
BHARAT HEAVY ELECTRICALS LIMITED	0.96%	0.75%
COFORGE LIMITED	0.96%	0.75%
INDUSIND BANK LIMITED	0.94%	0.73%
AU SMALL FINANCE BANK LIMITED	0.93%	0.72%
PERSISTENT SYSTEMS LTD	0.91%	0.70%
DIXON TECHNOLOGIES (INDIA) LIMITED	0.87%	0.67%
IDFC FIRST BANK LIMITED	0.86%	0.67%
BHARAT FORGE LIMITED	0.85%	0.66%
GE VERNOVA T&D INDIA LIMITED	0.82%	0.65%
LENSKART SOLUTIONS LIMITED	0.80%	0.62%
LIFE INSURANCE CORPORATION OF INDIA	0.79%	0.62%
LUPIN LIMITED	0.78%	0.60%
SUZLON ENERGY LIMITED	0.76%	0.59%
INDUS TOWERS LIMITED	0.76%	0.59%
INFO EDGE (INDIA) LIMITED	0.75%	0.59%
SONA BLW PRECISION FORGINGS LIMITED	0.59%	0.84%
AUROBINDO PHARMA LIMITED	0.73%	0.56%
WELSPUN CORP LTD	0.56%	0.81%
ASHOK LEYLAND LIMITED	0.70%	0.55%
FSN E-COMMERCE VENTURES LIMITED	0.69%	0.54%
MARICO LIMITED	0.66%	0.52%
FORTIS HEALTHCARE LIMITED	0.64%	0.50%
APL APOLLO TUBES LIMITED	0.63%	0.49%
UNITED SPIRITS LIMITED	0.63%	0.49%
KARUR VYSYA BANK LIMITED	0.49%	0.69%
ICICI LOMBARD GENERAL INSURANCE COMPANY	0.61%	0.48%
NAVIN FLUORINE INTERNATIONAL LIMITED	0.48%	0.68%
PB FINTECH LIMITED	0.60%	0.47%
SWIGGY LIMITED	0.59%	0.46%
REC LIMITED	0.59%	0.46%
YES BANK LTD	0.58%	0.45%
THE PHOENIX MILLS LIMITED	0.57%	0.45%
MAX FINANCIAL SERVICES LIMITED	0.58%	0.44%
SRF LIMITED	0.57%	0.44%
GLENMARK PHARMACEUTICALS LIMITED	0.56%	0.43%
ATHER ENERGY LIMITED	0.43%	0.61%
RADICO KHAITAN LIMITED	0.54%	0.42%
HINDUSTAN PETROLEUM CORPORATION LIMITED	0.53%	0.41%
LODHA DEVELOPERS LIMITED	0.53%	0.41%
ADITYA BIRLA CAPITAL LIMITED	0.51%	0.41%
GMR AIRPORTS LIMITED	0.52%	0.40%
RBL BANK LIMITED	0.40%	0.56%
APAR INDUSTRIES LTD	0.52%	0.39%
ALKEM LABORATORIES LIMITED	0.49%	0.39%
DELHIVERY LIMITED	0.39%	0.57%
REDINGTON LIMITED	0.38%	0.54%
JSW ENERGY LIMITED	0.48%	0.37%
NATIONAL ALUMINIUM COMPANY LIMITED	0.48%	0.37%
UPL LIMITED	0.48%	0.37%
SUNDARAM FINANCE LIMITED	0.47%	0.37%
HFCL LIMITED	0.37%	0.52%
SHREE CEMENT LIMITED	0.47%	0.36%
GLAND PHARMA LIMITED	0.36%	0.52%
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.	0.36%	0.51%
VISHAL MEGA MART LIMITED	0.45%	0.35%
MPHASIS LIMITED	0.45%	0.35%
INDIAN BANK	0.45%	0.35%
MANKIND PHARMA LIMITED	0.45%	0.35%
360 ONE WAM LIMITED	0.43%	0.34%
NHPC LIMITED	0.43%	0.34%
KEI INDUSTRIES LIMITED	0.43%	0.34%
CITY UNION BANK LIMITED	0.34%	0.49%
IPCA LABORATORIES LIMITED	0.42%	0.33%
LLOYDS METALS AND ENERGY LIMITED	0.41%	0.33%
SAI LIFE SCIENCES LTD.	0.33%	0.47%
PNB HOUSING FINANCE LIMITED	0.33%	0.47%
BILLIONBRAINS GARAGE VENTURES LTD.	0.42%	0.32%
STEEL AUTHORITY OF INDIA LIMITED	0.42%	0.32%
PIRAMAL FINANCE LTD	0.42%	0.32%
NMDC LIMITED	0.42%	0.32%
BIOCON LIMITED	0.41%	0.32%
ORACLE FINANCIAL SERVICES SOFTWARE	0.40%	0.32%
SANSERA ENGINEERING LIMITED	0.32%	0.45%
KRISHNA INSTITUTE OF MEDICAL SCIENCE LTD	0.32%	0.45%
HAVELLS INDIA LIMITED	0.41%	0.31%
TUBE INVESTMENTS OF INDIA LTD	0.40%	0.31%
ANAND RATHI WEALTH LIMITED	0.31%	0.44%
PRESTIGE ESTATES PROJECTS LIMITED	0.40%	0.30%
VOLTAS LIMITED	0.39%	0.30%
OIL INDIA LIMITED	0.39%	0.30%
KIRLOSKAR OIL ENGINES LTD	0.30%	0.43%
JINDAL STAINLESS LIMITED	0.37%	0.29%
COLGATE PALMOLIVE (INDIA) LIMITED	0.37%	0.29%
TORRENT POWER LIMITED	0.37%	0.29%
NEULAND LABORATORIES LTD	0.29%	0.41%
WAAREE ENERGIES LIMITED	0.36%	0.28%
L&T FINANCE LIMITED	0.36%	0.28%
WOCKHARDT LTD	0.28%	0.39%
TD POWER SYSTEMS LIMITED	0.28%	0.40%
BANDHAN BANK LIMITED	0.28%	0.40%
ANGEL ONE LIMITED	0.28%	0.40%
DABUR INDIA LIMITED	0.36%	0.27%
SUPREME INDUSTRIES LIMITED	0.35%	0.27%
GODREJ PROPERTIES LIMITED	0.35%	0.27%
PAGE INDUSTRIES LIMITED	0.35%	0.27%
ACUTAAS CHEMICALS LIMITED	0.27%	0.38%
AEGIS LOGISTICS LTD	0.27%	0.39%
MANAPPURAM FINANCE LIMITED	0.27%	0.39%
MRF LIMITED	0.40%	0.26%
KALYAN JEWELLERS INDIA LIMITED	0.34%	0.26%
PETRONET LNG LIMITED	0.34%	0.26%
UNO MINDA LIMITED	0.34%	0.26%
MAHINDRA & MAHINDRA FINANCIAL SERV LTD.	0.34%	0.26%
JK CEMENT LIMITED	0.34%	0.26%
JSW INFRASTRUCTURE LIMITED	0.34%	0.26%
COMPUTER AGE MANAGEMENT SERVICES LIMITED	0.26%	0.36%
OBEROI REALTY LIMITED	0.33%	0.25%
MEESHO LIMITED	0.33%	0.25%
COROMANDEL INTERNATIONAL LIMITED	0.33%	0.25%
CRAFTSMAN AUTOMATION LIMITED	0.25%	0.36%
THE GREAT EASTERN SHIPPING COMPANY LTD	0.25%	0.35%
HIMADRI SPECIALITY CHEMICAL LIMITED	0.25%	0.36%
KALPATARU PROJECTS INTERNATIONAL LIMITED	0.25%	0.35%
POONAWALLA FINCORP LIMITED	0.25%	0.36%
DR. LAL PATH LABS LTD.	0.25%	0.35%
TATA COMMUNICATIONS LIMITED	0.31%	0.24%
BLUE STAR LTD	0.31%	0.24%
NIPPON LIFE INDIA ASSET MANAGEMENT LTD	0.31%	0.23%
EXIDE INDUSTRIES LIMITED	0.30%	0.23%
PI INDUSTRIES LIMITED	0.30%	0.23%
ASTER DM HEALTHCARE LIMITED	0.30%	0.23%
GUJARAT FLUOROCHEMICALS LIMITED	0.29%	0.23%
CARBORUNDUM UNIVERSAL LIMITED	0.23%	0.33%
AMBER ENTERPRISES INDIA LIMITED	0.23%	0.33%
ICICI PRUDENTIAL AMC LTD	0.29%	0.22%
ITC HOTELS LIMITED	0.29%	0.22%
HINDUSTAN COPPER LIMITED	0.29%	0.22%
ICICI PRUDENTIAL LIFE INSURANCE COMPANY	0.28%	0.22%
JUBILANT FOODWORKS LIMITED	0.28%	0.22%
SYRMA SGS TECHNOLOGY LIMITED	0.22%	0.31%
CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED	0.22%	0.31%
IIFL FINANCE LIMITED	0.22%	0.32%
LG ELECTRONICS INDIA LIMITED	0.28%	0.21%
SBI CARDS AND PAYMENT SERVICES LIMITED	0.27%	0.21%
BALKRISHNA INDUSTRIES LIMITED	0.27%	0.21%
AJANTA PHARMA LIMITED	0.26%	0.21%
DATA PATTERNS (INDIA) LIMITED	0.21%	0.29%
ELGI EQUIPMENTS LIMITED	0.21%	0.29%
CROMPTON GREAVES CONSUMER ELECTRICAL LTD	0.21%	0.30%
APOLLO TYRES LIMITED	0.21%	0.29%
NUVAMA WEALTH MANAGEMENT LIMITED	0.21%	0.30%
PTC INDUSTRIES LIMITED	0.21%	0.30%
ASTRAL LIMITED	0.27%	0.20%
ADANI TOTAL GAS LIMITED	0.26%	0.20%
BANK OF MAHARASHTRA	0.26%	0.20%
PIRAMAL PHARMA LIMITED	0.20%	0.29%
GRANULES INDIA LIMITED	0.20%	0.28%
CARTRADE TECH LIMITED	0.20%	0.28%
STAR HEALTH AND ALLIED INSURANCE CO LTD	0.20%	0.28%
BANK OF INDIA	0.25%	0.19%
LIC HOUSING FINANCE LIMITED	0.25%	0.19%
MOTILAL OSWAL FINANCIAL SERVICES LIMITED	0.25%	0.19%
SCHAEFFLER INDIA LTD	0.25%	0.19%
CONTAINER CORPORATION OF INDIA LIMITED	0.24%	0.19%
ONE SOURCE SPECIALTY PHARMA LTD	0.19%	0.27%
TATA TECHNOLOGIES LIMITED	0.19%	0.27%
AIA ENGINEERING LIMITED	0.24%	0.18%
AUTHUM INVESTMENT & INFRASTRUCTURE LTD.	0.23%	0.18%
KFIN TECHNOLOGIES LIMITED	0.18%	0.25%
TIMKEN INDIA LIMITED	0.18%	0.25%
ASAHI INDIA GLASS LIMITED	0.18%	0.26%
INDIAN RAILWAY CATERING & TOURISM CORP	0.22%	0.17%
ABBOTT INDIA LIMITED	0.22%	0.17%
SAMMAAN CAPITAL LTD.	0.17%	0.24%
FINOLEX CABLES LTD	0.17%	0.25%
DEEPAK NITRITE LTD	0.17%	0.24%
THE RAMCO CEMENTS LIMITED	0.17%	0.24%
ZF COMM. VEHICLE CONTROL SYSTEMS IND LTD	0.17%	0.24%
HOME FIRST FINANCE COMPANY INDIA LIMITED	0.17%	0.24%
TATA ELXSI LIMITED	0.17%	0.24%
BRIGADE ENTERPRISES LIMITED	0.17%	0.24%
KAYNES TECHNOLOGY INDIA LTD.	0.17%	0.25%
DALMIA BHARAT LIMITED	0.21%	0.16%
THERMAX LIMITED	0.21%	0.16%
BERGER PAINTS (I) LIMITED	0.21%	0.16%
LINDE INDIA LIMITED	0.21%	0.16%
GENERAL INSURANCE CORPORATION OF INDIA	0.21%	0.16%
HDB FINANCIAL SERVICES LIMITED	0.21%	0.16%
PREMIER ENERGIES LIMITED	0.20%	0.16%
COCHIN SHIPYARD LIMITED	0.20%	0.16%
SAGILITY LIMITED	0.16%	0.22%
FIVE-STAR BUSINESS FINANCE LIMITED	0.16%	0.23%
INDRAPRASTHA GAS LIMITED	0.16%	0.23%
KAJARIA CERAMICS LIMITED	0.16%	0.23%
ADANI WILMAR LIMITED	0.16%	0.22%
AARTI INDUSTRIES LIMITED	0.16%	0.22%
ADITYA INFOTECH LIMITED	0.16%	0.23%
NARAYANA HRUDAYALAYA LIMITED	0.20%	0.15%
PATANJALI FOODS LIMITED	0.20%	0.15%
GLOBAL HEALTH LIMITED	0.19%	0.15%
K.P.R. MILL LTD	0.19%	0.15%
AFFLE (INDIA) LIMITED	0.15%	0.22%
TATA CHEMICALS LIMITED	0.15%	0.22%
ATUL LIMITED	0.15%	0.21%
INVENTURUS KNOWLEDGE SOLUTIONS LIMITED	0.15%	0.21%
PINE LABS LIMITED	0.15%	0.22%
CASTROL INDIA LIMITED	0.15%	0.21%
CAPRI GLOBAL CAPITAL LTD	0.15%	0.22%
AMARA RAJA ENERGY & MOBILITY LIMITED	0.15%	0.21%
GLAXOSMITHKLINE PHARMACEUTICALS LTD	0.18%	0.14%
RAIL VIKAS NIGAM LIMITED	0.18%	0.14%
MOTHERSON SUMI WIRING INDIA LIMITED	0.14%	0.20%
NETWEB TECHNOLOGIES INDIA LIMITED	0.14%	0.20%
CYIENT LIMITED	0.14%	0.19%
PVR INOX LIMITED	0.14%	0.20%
USHA MARTIN LTD	0.14%	0.21%
ANANT RAJ LIMITED	0.14%	0.21%
HBL ENGINEERING LIMITED	0.14%	0.20%
DEEPAK FERTILIZERS AND PETRO. CORP. LTD	0.14%	0.20%
ACME SOLAR HOLDINGS LTD.	0.14%	0.20%
BELRISE INDUSTRIES LIMITED	0.14%	0.20%
JYOTI CNC AUTOMATION LTD	0.14%	0.20%
CRISIL LIMITED	0.17%	0.13%
BHARTI HEXACOM LIMITED	0.17%	0.13%
BHARAT DYNAMICS LIMITED	0.16%	0.13%
INDIAN ENERGY EXCHANGE LIMITED	0.13%	0.19%
AZAD ENGINEERING LIMITED	0.13%	0.19%
KPIT TECHNOLOGIES LIMITED	0.13%	0.19%
NBCC (INDIA) LIMITED	0.13%	0.18%
OLA ELECTRIC MOBILITY LIMITED	0.13%	0.20%
EMCURE PHARMACEUTICALS LIMITED	0.13%	0.18%
PG ELECTROPLAST LIMITED	0.13%	0.18%
CESC LIMITED	0.13%	0.19%
ENGINEERS INDIA LIMITED	0.13%	0.19%
SHRIRAM PISTONS & RINGS LIMITED	0.13%	0.19%
FIRSTSOURCE SOLUTIONS LTD	0.13%	0.18%
R R KABEL LIMITED	0.13%	0.19%
APTUS VALUE HOUSING FINANCE INDIA LTD	0.13%	0.19%
ANTHEM BIOSCIENCES LIMITED	0.15%	0.12%
NEYVELI LIGNITE CORPORATION LTD.	0.15%	0.12%
BALRAMPUR CHINI MILLS LIMITED	0.12%	0.17%
ZEN TECHNOLOGIES LIMITED	0.12%	0.17%
BEML LIMITED	0.12%	0.17%
JAIPRAKASH POWER VENTURES LIMITED	0.12%	0.17%
ADITYA BIRLA SUN LIFE MUTUAL FUND	0.12%	0.17%
FORCE MOTORS LTD.	0.12%	0.18%
GABRIEL INDIA LIMITED	0.12%	0.18%
EMAMI LTD	0.12%	0.17%
NAVA LIMITED	0.12%	0.18%
ECLERX SERVICES LIMITED	0.12%	0.17%
SHYAM METALICS AND ENERGY LTD.	0.12%	0.17%
NATCO PHARMA LIMITED	0.12%	0.17%
ENDURANCE TECHNOLOGIES LIMITED	0.15%	0.11%
L&T TECHNOLOGY SERVICES LTD	0.14%	0.11%
ESCORTS KUBOTA LIMITED	0.14%	0.11%
NTPC GREEN ENERGY LIMITED	0.14%	0.11%
INDIAN RENEWABLE ENERGY DEV AGENCY LTD	0.14%	0.11%
BAJAJ HOUSING FINANCE LTD	0.14%	0.11%
ACC LIMITED	0.11%	0.16%
COHANCE LIFESCIENCES LIMITED	0.11%	0.16%
VIJAYA DIAGNOSTIC CENTRE LIMITED	0.11%	0.16%
INOX WIND LIMITED	0.11%	0.16%
PARADEEP PHOSPHATES LIMITED	0.11%	0.15%
PHYSICSWALLAH LIMITED	0.11%	0.17%
EID PARRY INDIA LIMITED	0.11%	0.16%
CHENNAI PETROLEUM CORPORATION LTD.	0.11%	0.16%
WELSPUN LIVING LIMITED	0.11%	0.16%
ZEE ENTERTAINMENT ENTERPRISES LIMITED	0.11%	0.15%
SYNGENE INTERNATIONAL LIMITED	0.11%	0.16%
RAMKRISHNA FORGINGS LIMITED	0.11%	0.16%
CCL PRODUCTS (INDIA) LIMITED	0.11%	0.16%
CEAT LIMITED	0.11%	0.15%
HONEYWELL AUTOMATION INDIA LIMITED	0.11%	0.16%
WHIRLPOOL OF INDIA LIMITED	0.11%	0.15%
CREDITACCESS GRAMEEN LIMITED	0.11%	0.16%
IRB INFRASTRUCTURE DEVELOPERS LIMITED	0.11%	0.16%
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD.	0.11%	0.16%
HOUSING AND URBAN DEVELOPMENT CORP. LTD.	0.13%	0.10%
TATA INVESTMENT CORPORATION LTD.	0.13%	0.10%
UNITED BREWERIES LIMITED	0.13%	0.10%
GODFREY PHILLIPS INDIA LIMITED	0.12%	0.10%
MAHANAGAR GAS LIMITED	0.10%	0.14%
CHAMBAL FERTILIZERS & CHEMICALS LIMITED	0.10%	0.14%
HONASA CONSUMER LIMITED	0.10%	0.15%
CHOICE INTERNATIONAL LIMITED	0.10%	0.14%
TRIVENI TURBINE LTD.	0.10%	0.15%
THE JAMMU & KASHMIR BANK LIMITED	0.10%	0.14%
POLY MEDICURE LTD	0.10%	0.14%
JINDAL SAW LTD	0.10%	0.15%
GARDEN REACH SHIPBUILDERS & ENGINEER LTD	0.10%	0.14%
CAN FIN HOMES LIMITED	0.10%	0.14%
TITAGARH RAIL SYSTEMS LIMITED	0.10%	0.15%
ITD CEMENTATION INDIA LIMITED	0.10%	0.15%
RAINBOW CHILDRENS MEDICARE LIMITED	0.10%	0.15%
HEXAWARE TECHNOLOGIES LIMITED	0.12%	0.09%
ADITYA BIRLA REAL ESTATE LIMITED	0.09%	0.13%
THANGAMAYIL JEWELLERY LIMITED	0.09%	0.14%
AETHER INDUSTRIES LIMITED	0.09%	0.13%
JUBILANT INGREVIA LIMITED	0.09%	0.12%
URBAN COMPANY LIMITED	0.09%	0.12%
GODAWARI POWER AND ISPAT LIMITED	0.09%	0.13%
VEDANTA IRON AND STEEL LIMITED	0.09%	0.12%
EIH LIMITED	0.09%	0.13%
INTELLECT DESIGN ARENA LTD	0.09%	0.13%
GILLETTE INDIA LIMITED	0.09%	0.12%
SUN TV NETWORK LIMITED	0.09%	0.13%
CAPLIN POINT LABORATORIES LIMITED	0.09%	0.12%
RUBICON RESEARCH LIMITED	0.09%	0.13%
PCBL LIMITED	0.09%	0.14%
RELIANCE POWER LIMITED	0.09%	0.13%
SOBHA LIMITED	0.09%	0.12%
TBO TEK LIMITED	0.09%	0.13%
VEDANTA POWER LIMITED	0.09%	0.13%
VEDANTA OIL & GAS LIMITED	0.09%	0.13%
LT FOODS LTD	0.09%	0.13%
MINDA CORPORATION LIMITED	0.09%	0.13%
DEVYANI INTERNATIONAL LIMITED	0.09%	0.13%
CANARA HSBC LIFE INSURANCE COMPANY LTD	0.08%	0.12%
NMDC STEEL LIMITED	0.08%	0.11%
TENNECO CLEAN AIR INDIA LIMITED	0.08%	0.12%
AAVAS FINANCIERS LIMITED	0.08%	0.11%
SUMITOMO CHEMICAL INDIA LIMITED	0.08%	0.12%
TECHNO ELECTRIC & ENGINEERING COMPANY LI	0.08%	0.11%
GRAPHITE INDIA LTD	0.08%	0.11%
KEC INTERNATIONAL LIMITED	0.08%	0.11%
CENTRAL BANK OF INDIA	0.08%	0.12%
ZENSAR TECHNOLOGIES LIMITED	0.08%	0.11%
CIE AUTOMOTIVE INDIA LTD.	0.08%	0.11%
ACTION CONSTRUCTION EQUIPMENT LTD	0.08%	0.11%
ZYDUS WELLNESS LTD	0.08%	0.11%
JM FINANCIAL LTD	0.08%	0.12%
VARDHMAN TEXTILES LIMITED	0.08%	0.13%
NCC LIMITED	0.08%	0.12%
AADHAR HOUSING FINANCE LIMITED	0.08%	0.11%
INDIAMART INTERMESH LTD	0.08%	0.12%
PRIVI SPECIALITY CHEMICALS LTD	0.08%	0.11%
LEMON TREE HOTELS LIMITED	0.08%	0.12%
SJVN LIMITED	0.07%	0.10%
IDBI BANK LIMITED	0.07%	0.11%
GRAVITA INDIA LIMITED	0.07%	0.10%
IFCI LIMITED	0.07%	0.11%
AEGIS VOPAK TERMINALS LIMITED	0.07%	0.10%
THE SHIPPING CORP OF INDIA LTD	0.07%	0.11%
GUJARAT MINERAL DEVELOPMENT CORP.	0.07%	0.09%
EMMVEE PHOTOVOLTAIC POWER LIMITED	0.07%	0.10%
OLECTRA GREENTECH LIMITED	0.07%	0.10%
DOMS INDUSTRIES LIMITED	0.07%	0.11%
CONCORD BIOTECH LIMITED	0.07%	0.11%
SARDA ENERGY & MINERALS LTD	0.07%	0.10%
JK TYRE & INDUSTRIES LTD	0.07%	0.10%
INOX INDIA LIMITED	0.07%	0.10%
KIRLOSKAR BROTHERS LIMITED	0.07%	0.10%
BIRLASOFT LTD	0.07%	0.11%
KSB LIMITED	0.07%	0.10%
FERTILIZERS AND CHEMICALS TRAVANCORE LTD	0.07%	0.06%
TEJAS NETWORKS LIMITED	0.06%	0.10%
TEGA INDUSTRIES LIMITED	0.06%	0.08%
BRAINBEES SOLUTIONS LTD.	0.06%	0.10%
UTI ASSET MANAGEMENT COMPANY LTD	0.06%	0.09%
HEG GRAPHITE LIMITED	0.06%	0.09%
AFCONS INFRASTRUCTURE LIMITED	0.06%	0.09%
BATA INDIA LIMITED	0.06%	0.09%
ELECON ENGINEERING COMPANY LIMITED	0.06%	0.10%
FRACTAL ANALYTICS LIMITED	0.06%	0.08%
CLEAN SCIENCE AND TECHNOLOGY LIMITED	0.06%	0.09%
THE NEW INDIA ASSURANCE COMPANY LTD	0.06%	0.09%
ALLIED BLENDERS AND DISTILLERS LIMITED	0.06%	0.09%
CLEAN MAX ENVIRO ENERGY SOLUTIONS LTD	0.06%	0.09%
SWAN ENERGY LIMITED	0.06%	0.09%
BLACK BOX LIMITED	0.06%	0.09%
JSW CEMENT LIMITED	0.06%	0.09%
ANUPAM RASAYAN INDIA LIMITED	0.06%	0.08%
IRCON INTERNATIONAL LIMITED	0.06%	0.09%
GODREJ INDUSTRIES LTD	0.07%	0.05%
INDIAN OVERSEAS BANK	0.07%	0.05%
INTERNATIONAL GEMMOLOGICAL INSTITUTE LTD	0.05%	0.08%
MANGALORE REFINERY & PETROCHEMICALS LTD	0.05%	0.07%
NUVOCO VISTAS CORPORATION LIMITED	0.05%	0.08%
JUPITER WAGONS LIMITED	0.05%	0.08%
PRIME FOCUS LTD	0.05%	0.07%
TRANSFORMERS & RECTIFIERS (INDIA) LTD	0.05%	0.07%
AVANTI FEEDS LIMITED	0.05%	0.06%
SIGNATURE GLOBAL (INDIA) LIMITED	0.05%	0.07%
CENTRAL MINE PLANNING & DESIGN INST LTD	0.04%	0.05%
TRIDENT LIMITED	0.04%	0.07%
RAILTEL CORPORATION OF INDIA LIMITED	0.04%	0.05%
BLS INTERNATIONAL SERVICES LIMITED	0.04%	0.06%
ITI LTD.	0.04%	0.06%
RITES LIMITED	0.04%	0.07%
UCO BANK	0.04%	0.06%
RHI MAGNESITA INDIA LIMITED	0.04%	0.05%
JBM AUTO LTD	0.04%	0.05%
JAIN RESOURCE RECYCLING LIMITED	0.03%	0.05%
GALLANTT ISPAT LIMITED	0.03%	0.04%
INDIA CEMENTS LTD	0.03%	0.05%
TATA TELESERVICES (MAHARASHTRA) LIMITED	0.03%	0.04%
HEG LIMITED	0.03%	0.04%
BHARAT COKING COAL LIMITED	0.02%	0.03%
MMTC LTD	0.01%	0.02%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 83.1% means 83.1% 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
CUPID LTD.	0.33%

Largest holdings only in Zerodha Nifty MidSmallcap400 50:50 Index Fund

Security	% of fund
Brookfield India Real Estate Trust	0.51%
Embassy Office Parks REIT	0.47%
Bagmane Prime Office REIT	0.14%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Navi Nifty Midsmallcap 400 Index	Zerodha Nifty MidSmallcap400 50:50 Index
Equity	97.8%	97.7%
Debt	0.0%	0.0%
Cash and others	2.2%	2.3%

Market cap of stocks

Market cap	Navi Nifty Midsmallcap 400 Index	Zerodha Nifty MidSmallcap400 50:50 Index
Large Cap	3.7%	2.9%
Mid Cap	59.3%	46.6%
Small Cap	34.5%	47.9%
Not on AMFI's list	0.3%	0.5%

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	Zerodha Nifty MidSmallcap400 50:50 Index
PHARMACEUTICALS & BIOTECHNOLOGY	8.6%	0.0%
Pharmaceuticals & Biotechnology	0.0%	8.4%
BANKS	7.4%	0.0%
Finance	0.0%	7.3%
FINANCE	7.0%	0.0%
Banks	0.0%	6.9%
Auto Components	0.0%	6.5%
AUTO COMPONENTS	5.9%	0.0%
Industrial Products	0.0%	5.7%
Capital Markets	0.0%	5.0%
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 Zerodha Nifty MidSmallcap400 50:50 Index: Expense Ratio

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

Charge	Navi Nifty Midsmallcap 400 Index Fund	Zerodha Nifty MidSmallcap400 50:50 Index Fund
Total expense ratio (Direct)	0.52%	0.86%
Base expense ratio (Direct)	0.15%	0.25%
Total expense ratio (Regular)	1.40%	Not available
Base expense ratio (Regular)	0.90%	0.00%

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 Zerodha Nifty MidSmallcap400 50:50 Index Fund: Frequently Asked Questions

What is the difference between Navi Nifty Midsmallcap 400 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund?

Navi Nifty Midsmallcap 400 Index Fund is an Index fund, Zerodha Nifty MidSmallcap400 50:50 Index Fund is an Index fund, run by Navi Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 83.1%. Navi Nifty Midsmallcap 400 Index Fund charges 0.52% a year and Zerodha Nifty MidSmallcap400 50:50 Index Fund 0.86%.

Which has the lower expense ratio, Navi Nifty Midsmallcap 400 Index Fund or Zerodha Nifty MidSmallcap400 50:50 Index Fund?

Navi Nifty Midsmallcap 400 Index Fund charges less: 0.52% a year against 0.86%. These are the Direct plans' total expense ratios reported to AMFI.

How much do Navi Nifty Midsmallcap 400 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund overlap?

83.1%. They hold 395 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.

Which is riskier, Navi Nifty Midsmallcap 400 Index Fund or Zerodha Nifty MidSmallcap400 50:50 Index Fund?

On SEBI's riskometer, Navi Nifty Midsmallcap 400 Index Fund is rated Very High and Zerodha Nifty MidSmallcap400 50:50 Index Fund Very High. Over their common history, the standard deviation of daily returns was 17.20% and 14.76% a year.

Can I invest in both Navi Nifty Midsmallcap 400 Index Fund and Zerodha Nifty MidSmallcap400 50:50 Index Fund?

Yes. 83.1% 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 Zerodha Nifty MidSmallcap400 50:50 Index Fund?

Navi Nifty Midsmallcap 400 Index Fund: Ashutosh Shirwaikar. Zerodha Nifty MidSmallcap400 50:50 Index Fund: Kedarnath Mirajkar.

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.