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    Navi Nifty Midsmallcap 400 Index Fund

    IndexDirect and Regular plans, Growth option

    Data as on 30-10-2026

    Navi Nifty Midsmallcap 400 Index Fund is a mutual fund run by Navi Mutual Fund. On 30-09-2026, it managed ₹12 Cr of investors' money.

    NAV (Direct plan)
    ₹9.88
    ▼ 1.26%30-10-2026
    NAV (Regular plan)
    ₹9.81
    ▼ 1.27%30-10-2026
    Expense ratio
    0.52%Direct1.40%Regular
    Riskometer
    Very High
    Set by the fund house
    6 month return
    −2.9%Direct−3.3%Regular

    Navi Nifty Midsmallcap 400 Index Fund NAV Today

    NAV on 30-10-2026: Direct Plan Growth ₹9.88 (down 1.26% that day); Regular Plan Growth ₹9.81 (down 1.27% that day).

    Navi Nifty Midsmallcap 400 Index Fund Returns vs Nifty MidSmallcap 400 TRI

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

    Trailing returns
    Period1M3M6M1Y3Y5Y10Y
    This fund (Direct)−4.45%−7.72%−2.85%--------
    This fund (Regular)−4.52%−7.92%−3.28%--------
    Nifty MidSmallcap 400 TRI−4.43%−7.59%−2.42%−4.02%+13.26%+13.61%+14.88%
    Category average--------------
    Best in category--------------
    Worst in category--------------
    Rank in category--------------

    No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds.

    Navi Nifty Midsmallcap 400 Index Fund Year-wise Returns

    Return of each calendar year
    YearDirectRegularNifty MidSmallcap 400 TRI
    2026to date−3.70%−4.38%−3.01%

    Navi Nifty Midsmallcap 400 Index Fund Expense Ratio and Costs

    What each plan charges a year, in force from 02-10-2026

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratio
    Direct0.15%0.04%0.01%0.32%0.52%
    Regular0.90%0.04%0.01%0.45%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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file.

    Navi Nifty Midsmallcap 400 Index Fund Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    97.8%Equity

    AssetFund
    Equity97.8%
    Cash and others2.2%

    Market cap of stocks

    Market capFund
    Large Cap3.7%
    Mid Cap59.3%
    Small Cap34.5%
    Not on AMFI's list0.3%

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

    Navi Nifty Midsmallcap 400 Index Fund Sector Allocation

    Sector allocation of the fund's stocks as on 30-09-2026

    Largest sectors

    1. PHARMACEUTICALS & BIOTECHNOLOGY8.6%

    2. BANKS7.4%

    3. FINANCE7.0%

    4. AUTO COMPONENTS5.9%

    5. CAPITAL MARKETS4.9%

    6. INDUSTRIAL PRODUCTS4.9%

    7. ELECTRICAL EQUIPMENT4.7%

    8. RETAILING4.0%

    9. CONSUMER DURABLES3.8%

    10. IT - SOFTWARE3.4%

    The ten largest of 49 sectors. The other 39 add up to 43.0%.

    Sector changes

    SectorJuly 2026August 2026September 2026Change
    PHARMACEUTICALS & BIOTECHNOLOGY8.7%8.7%8.6%−0.1%
    BANKS7.7%7.6%7.4%−0.3%
    FINANCE6.9%6.8%7.0%+0.2%
    AUTO COMPONENTS5.7%5.6%5.9%+0.2%
    CAPITAL MARKETS6.9%6.9%4.9%−2.0%

    Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

    Navi Nifty Midsmallcap 400 Index Fund Portfolio Holdings

    As on 30-09-2026 · 396 holdings · from the fund house's monthly portfolio

    HoldingsSectorWeight%Holdings trend1M change
    MULTI COMMODITY EXCHANGE OF INDIA LTD.CAPITAL MARKETS1.33%−4.9%
    THE FEDERAL BANK LIMITEDBANKS1.24%−4.7%
    LAURUS LABS LIMITEDPHARMACEUTICALS & BIOTECHNOLOGY1.22%−4.7%
    ONE 97 COMMUNICATIONS LIMITEDFINANCIAL TECHNOLOGY (FINTECH)1.14%−2.8%
    HERO MOTOCORP LIMITEDAUTOMOBILES1.08%−4.8%
    THE INDIAN HOTELS COMPANY LIMITEDLEISURE SERVICES1.01%New
    BHARAT HEAVY ELECTRICALS LIMITEDELECTRICAL EQUIPMENT0.96%−5.0%
    COFORGE LIMITEDIT - SOFTWARE0.96%−4.9%
    INDUSIND BANK LIMITEDBANKS0.94%−4.9%
    AU SMALL FINANCE BANK LIMITEDBANKS0.93%−2.3%

    Navi Nifty Midsmallcap 400 Index Fund Stocks Bought and Sold

    All changes are between August 2026 and September 2026

    More
    Stocks bought and sold in September 2026
    BSE LTDSold out−100%was 2.05%
    THE FEDERAL BANK LIMITEDReduced−4.7%1.24%
    MULTI COMMODITY EXCHANGE OF INDIA LTD.Reduced−4.9%1.33%
    LAURUS LABS LIMITEDReduced−4.7%1.22%
    ONE 97 COMMUNICATIONS LIMITEDReduced−2.8%1.14%
    HERO MOTOCORP LIMITEDReduced−4.8%1.08%
    COFORGE LIMITEDReduced−4.9%0.96%
    INDUSIND BANK LIMITEDReduced−4.9%0.94%
    THE INDIAN HOTELS COMPANY LIMITEDNewNew1.01%
    BHARAT HEAVY ELECTRICALS LIMITEDReduced−5.0%0.96%

    A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

    What Navi Nifty Midsmallcap 400 Index Fund bought and sold

    Navi Nifty Midsmallcap 400 Index Fund Portfolio Overlap

    Funds with the most similar portfolios, across every fund house and category

    FundOverlapHoldings in common
    Zerodha Nifty MidSmallcap400 50:50 Index FundIndex · Zerodha83.1%395Compare
    Aditya Birla Sun Life Nifty Midcap 150 Index FundIndex · Aditya Birla Sun Life63.6%149Compare
    Baroda BNP Paribas NIFTY Midcap 150 Index FundIndex · Baroda BNP Paribas63.6%149Compare
    DSP Nifty Midcap 150 ETFETF · DSP63.6%149Compare
    DSP Nifty Midcap 150 Index FundIndex · DSP63.6%149Compare
    Groww Nifty Midcap 150 ETFETF · Groww63.6%149Compare
    Groww Nifty Midcap 150 Index FundIndex · Groww63.6%149Compare
    HDFC NIFTY Midcap 150 ETFETF · HDFC63.6%149Compare

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

    Navi Nifty Midsmallcap 400 Index Fund Overview

    Fund facts from the scheme summary document, as on 16-10-2026

    Expense ratio (Direct)
    0.52%
    Expense ratio (Regular)
    1.40%
    Category
    Index
    Risk
    Very High
    Benchmark
    Nifty MidSmallcap 400 Index
    Launch date
    09-12-2025
    Minimum investment
    ₹100
    Minimum additional investment
    ₹100
    AUM
    ₹12.40 Cr (30-09-2026)
    Lock in
    None
    Scheme code (Direct)
    154027
    ISIN (Direct)
    INF959L01HR4
    Scheme code (Regular)
    154026
    ISIN (Regular)
    INF959L01HS2
    NAV history
    From 10-12-2025, 0.9 years
    Exit load
    NIL

    Tax on Navi Nifty Midsmallcap 400 Index Fund returns

    • Navi Nifty Midsmallcap 400 Index Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
    • Units sold within 1 year: the gain is taxed at 20%.
    • Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
    • IDCW (dividend) payouts are added to your income and taxed at your slab rate.
    • A stamp duty of 0.005% is deducted when you invest.

    Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

    All plans and options

    PlanOptionNAVAs on
    directGrowth₹9.884330-10-2026
    regularGrowth₹9.809230-10-2026

    About Navi Nifty Midsmallcap 400 Index Fund

    Navi Nifty Midsmallcap 400 Index Fund is a mutual fund from Navi Mutual Fund. Its category is Index. It was launched on 09-12-2025. Its benchmark is Nifty MidSmallcap 400 Index. At the end of September 2026 it held 396 securities.

    Fund Manager

    • Ashutosh Shirwaikar

      Fund manager of Navi Nifty Midsmallcap 400 Index Fund, since 14-02-2025

    See all funds of Navi Mutual Fund

    AUM change

    September 2026
    ₹12.40 Cr
    −8.01% from August 2026
    August 2026
    ₹13.48 Cr
    +13.56% from July 2026
    July 2026
    ₹11.87 Cr
    +0.68% from June 2026

    AUM moves with money invested or taken out, and with the value of what the fund holds.

    Compare Navi Nifty Midsmallcap 400 Index Fund with Other Funds

    Returns, risk, costs and the stocks they share, side by side

    Frequently Asked Questions for Navi Nifty Midsmallcap 400 Index Fund

    What is the current NAV of Navi Nifty Midsmallcap 400 Index Fund?

    The Direct plan NAV is ₹9.8843. The Regular plan NAV is ₹9.8092, as on 30-10-2026.

    What is the expense ratio of Navi Nifty Midsmallcap 400 Index Fund?

    The Direct plan charges 0.52% a year. The Regular plan charges 1.40% a year. This is the figure the fund house reported to AMFI, in force from 02-10-2026.

    What is the AUM of Navi Nifty Midsmallcap 400 Index Fund?

    Navi Nifty Midsmallcap 400 Index Fund managed ₹12.40 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

    What are the top holdings of Navi Nifty Midsmallcap 400 Index Fund?

    At the end of September 2026 the largest holdings were MCX (1.33%), FEDERALBNK (1.24%), LAURUSLABS (1.22%), PAYTM (1.14%), HEROMOTOCO (1.08%). The fund held 396 securities in all.

    What did Navi Nifty Midsmallcap 400 Index Fund buy and sell in September 2026?

    It bought 27 new stocks: REC LIMITED, AZAD ENGINEERING LIMITED, THE INDIAN HOTELS COMPANY LIMITED, CENTRAL MINE PLANNING & DESIGN INST LTD, BHARAT COKING COAL LIMITED. It sold out of 31: BIKAJI FOODS INTERNATIONAL LIMITED, GO DIGIT GENERAL INSURANCE LIMITED, THE BOMBAY BURMAH TRADING CORP. LTD, INDEGENE LIMITED, HITACHI ENERGY INDIA LIMITED. It added shares in 23. It reduced 342.

    How do I invest in Navi Nifty Midsmallcap 400 Index Fund?

    Through Navi Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.

    Who is the fund manager of Navi Nifty Midsmallcap 400 Index Fund?

    Ashutosh Shirwaikar (since 14-02-2025).

    What is the exit load of Navi Nifty Midsmallcap 400 Index Fund?

    NIL

    Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

    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.

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