Navi Nifty Midcap 150 Index Fund - Direct Plan Growth
Equity
Direct
Index Funds
NAV: ₹ 14.1 as on 22-09-2023
Fund Performance
38191 people have invested ₹ 2.6Cr in Navi Nifty Midcap 150 Index Fund - Direct Plan Growth in the last three months
Fund Insights
Over the last 3 months, this fund has experienced a 43.4% growth in AUM moving from 44.71 Cr to 64.12 Cr.
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.11% which is lower than the category average expense ratio of 0.6%.
In the last 1 year, SBI Nifty Midcap 150 Index Fund Direct Growth has given 29.93% return, outperforming this fund by 5.61%.
About the Fund
Navi Nifty Midcap 150 Index Fund - Direct Plan Growth is an equity fund. This fund was started on 11 March, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Navi Nifty Midcap 150 Index Fund - Direct Plan Growth has ₹64 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.1.
Navi Nifty Midcap 150 Index Fund - Direct Plan Growth Overview
 | 0.11% |
 Benchmark | IISL Nifty Midcap 150 TR INR |
 | ₹64 Cr |
 | 11 March, 2022 |
 | ₹10/₹10 |
 | 0% |
 | No Lock-in |
 TurnOver | 50.78% |
Fund Distribution as on (31-Aug-23)
Size breakup
Mid cap
89%
Large cap
7.5%
Small cap
3.7%
Sector Allocation
Financial Services
22.1%
Consumer Cyclical
17.3%
Industrial
16.7%
Basic Materials
11.6%
Health
11.5%
Tech
7.2%
Utilities
4%
Real Estate
3.3%
Communication
3.1%
Energy
1.9%
Consumer Defensive
1.4%
Top Holdings of Navi Nifty Midcap 150 Index Fund - Direct Plan Growth as on (31-Aug-23)
Equity Holdings135
Navi Nifty Midcap 150 Index Fund - Direct Plan Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at 3.98% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -2.43% as on Aug'23
- This fund outperformed Nifty Midcap 150 by 6.41% in Aug'23
AUM Change
- AUM of the fund stands at 64.1 Cr as of Aug'23
- AUM increased by 9 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Navi Nifty Midcap 150 Index Fund - Direct Plan Growth portfolio Returns for the month of Aug
Peer Analysis
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 25.54% since inception which is more than its category average return of 14.13%
Fund Allocations
This fund has an allocation of 100.12% in Equity, 0% in Debt and -0.12% in Cash related instruments
AUM size ₹64 Cr
This fund has AUM of ₹64 Cr which is less than its category average of ₹ 560 Cr
Expense Ratio 0.11%
This fund has an expense ratio of 0.11% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions
The current NAV of Navi Nifty Midcap 150 Index Fund - Direct Plan Growth is ₹14.15 as on 22-Sep-2023.
Existing (Absolute + CAGR) as on 22-Sep-2023.
Navi Nifty Midcap 150 Index Fund - Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.59% | 3.59% |
6 Month Returns | 32.14% | 32.14% |
1 Year Returns | 24.32% | 24.32% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.11% as on August 2023
₹64 Cr as on August 2023
Max Healthcare Institute Ltd Ordinary Shares(2.08%), Trent Ltd(1.83%), AU Small Finance Bank Ltd(1.66%), Indian Hotels Co Ltd(1.65%), Tube Investments of India Ltd Ordinary Shares(1.52%) as on August 2023
Financial Services(22.12%), Consumer Cyclical(17.28%), Industrial(16.77%) as on August 2023
The alpha ratio for the Navi Nifty Midcap 150 Index Fund - Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Navi Nifty Midcap 150 Index Fund - Direct Plan Growth | -0.36 | - | - |
As on August 2023
The alpha for Navi Nifty Midcap 150 Index Fund - Direct Plan Growth is calculated against IISL Nifty Midcap 150 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Navi Nifty Midcap 150 Index Fund - Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi Nifty Midcap 150 Index Fund - Direct Plan Growth | 1 | - | - |
As on August 2023
The Beta for Navi Nifty Midcap 150 Index Fund - Direct Plan Growth is calculated with IISL Nifty Midcap 150 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Navi Nifty Midcap 150 Index Fund - Direct Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Navi Nifty Midcap 150 Index Fund - Direct Plan Growth | 1.38 | - | - |
As on August 2023
The sharpe ratio for Navi Nifty Midcap 150 Index Fund - Direct Plan Growth is calculated with IISL Nifty Midcap 150 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Navi Nifty Midcap 150 Index Fund - Direct Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Navi Nifty Midcap 150 Index Fund - Direct Plan Growth | 11.66 | - | - |
As on August 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of Navi Nifty Midcap 150 Index Fund - Direct Plan Growth is 0%