Navi Nifty Midcap 150 Index Fund Direct Growth

Navi Nifty Midcap 150 Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 02-12-2024

₹ 19.96

1%

1D

Inception Returns

28.9%

/yr

About Navi Nifty Midcap 150 Index Fund Direct Growth

Navi Nifty Midcap 150 Index Fund Direct 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

  1. Navi Nifty Midcap 150 Index Fund Direct Growth has ₹209 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Navi Nifty Midcap 150 Index Fund Direct Growth has given a CAGR return of 28.89% since inception. Over the last 1 year the fund has given a CAGR return of 31.21%.

Holdings

Navi Nifty Midcap 150 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Basic Materials, Consumer Cyclical, Health, Tech, Consumer Defensive, Real Estate, Communication, Energy, Utilities. Its top holdings are Suzlon Energy Ltd, Max Healthcare Institute Ltd Ordinary Shares, BSE Ltd, Indian Hotels Co Ltd, Persistent Systems Ltd

Taxation

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Navi Nifty Midcap 150 Index Fund Direct Growth

The investment objective of the scheme is to achieve return equivalent to Nifty Midcap150 Index by investing in stocks of companies comprising Nifty Midcap 150 Index, subject to tracking error.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 10.00 and for SIP is INR 10.00. Navi Nifty Midcap 150 Index Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
78078 people have invested ₹ 4.9Cr in Navi Nifty Midcap 150 Index Fund Direct Growth in the last three months

Navi Nifty Midcap 150 Index Fund Direct Growth Overview

Expense ratio0.21%
Benchmark
IISL Nifty Midcap 150 TR INR
AUM₹209 Cr
Inception Date11 March, 2022
Min Lumpsum/SIP₹10/₹10
Exit Load0%
Lock InNo Lock-in
TurnOver
53.17%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (31-Oct-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Mid cap
94.5%

Small cap
3.9%

Large cap
1.5%

Sector Allocation

Oct'24

Sep'24

Aug'24

Industrial
19.8%
Financial Services
19.6%
Basic Materials
12.3%
Consumer Cyclical
12.1%
Health
11%
Tech
9.9%
Consumer Defensive
4.2%
Real Estate
3.4%
Communication
2.9%
Energy
2.7%
Utilities
2.1%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.43%
1.80%
0.35%
Nifty Midcap 150
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -6.43% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty Midcap 150 by 0.26% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 209.1 Cr
₹ 213 Cr
₹ 203.1 Cr
  • AUM of the fund stands at 209.1 Cr as of Oct'24
  • AUM decreased by 3.9 Cr between Oct'24 and Sep'24
Top Stocks bought last month
BSE Ltd's allocation increased from 1.41% to 1.81%
BSE Ltd's allocation increased from 1.41% to 1.81%
IDFC First Bank Ltd's allocation increased from 0.94% to 1.3%
IDFC First Bank Ltd's allocation increased from 0.94% to 1.3%
Coforge Ltd's allocation increased from 1.31% to 1.51%
Coforge Ltd's allocation increased from 1.31% to 1.51%
Top Stocks sold last month
Suzlon Energy Ltd's allocation decreased from 2.67 % to 2.38 %
Suzlon Energy Ltd's allocation decreased from 2.67 % to 2.38 %
Cummins India Ltd's allocation decreased from 1.45 % to 1.42 %
Cummins India Ltd's allocation decreased from 1.45 % to 1.42 %
CG Power & Industrial Solutions Ltd's allocation decreased from 1.37 % to 1.35 %
CG Power & Industrial Solutions Ltd's allocation decreased from 1.37 % to 1.35 %
Small Cap allocation has gone up from 3.9% to 3.9%
Small Cap allocation has gone up from 3.9% to 3.9%
Mid Cap allocation has gone down from 94.7% to 94.5%
Mid Cap allocation has gone down from 94.7% to 94.5%
Large Cap allocation has gone up from 1.4% to 1.5%
Large Cap allocation has gone up from 1.4% to 1.5%
Cash allocation has gone down from 0.1% to 0.1%
Cash allocation has gone down from 0.1% to 0.1%

Top 3 Sectors in October were Industrial, Financial Services & Basic Materials

Oct'24
Industrial
20%
Financial Services
20%
Basic Materials
12%
Sep'24
Industrial
21%
Financial Services
19%
Basic Materials
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
151
151
151
Top 5 Company Concentration
9.9%
9.5%
9.1%
Company having highest exposure
Suzlon Energy Ltd (2.4%)
Suzlon Energy Ltd (2.7%)
Suzlon Energy Ltd (2.4%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
74.8%
74.2%
74.2%
Sector having highest exposure
Industrial (19.8%)
Industrial (20.6%)
Industrial (21.6%)
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Fund House
Navi AMC Limited
Total Schemes
Total AUM
₹7.28K Cr
as on 31-Oct-2024
Address
Peerless Mansion,3rd Floor,,1, Chowringhee Square
Phone
033-40185000/022-40635000
Website
mf@navi.com

Navi Nifty Midcap 150 Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 28.89% since inception which is more than its category average return of 16.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.92% in Equity, 0% in Debt and 0.08% in Cash related instruments
AUM size ₹209 Cr

AUM size ₹209 Cr

This fund has AUM of ₹209 Cr which is less than its category average of ₹ 818 Cr
Expense Ratio 0.21%

Expense Ratio 0.21%

This fund has an expense ratio of 0.21% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions for Navi Nifty Midcap 150 Index Fund Direct Growth

The current NAV of Navi Nifty Midcap 150 Index Fund Direct Growth is ₹19.96 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
Navi Nifty Midcap 150 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.13%
1.13%
6 Month Returns
9.52%
9.52%
1 Year Returns
31.21%
31.21%
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.
0.21% as on November 2024
₹209 Cr as on November 2024
Suzlon Energy Ltd(2.38%), Max Healthcare Institute Ltd Ordinary Shares(2.26%), BSE Ltd(1.81%), Indian Hotels Co Ltd(1.78%), Persistent Systems Ltd(1.71%) as on November 2024
Industrial(19.76%), Financial Services(19.59%), Basic Materials(12.26%) as on November 2024
The alpha ratio for the Navi Nifty Midcap 150 Index Fund Direct 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 Growth
-0.36
-
-
As on November 2024
The alpha for Navi Nifty Midcap 150 Index Fund Direct 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 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 Growth
1
-
-
As on November 2024
The Beta for Navi Nifty Midcap 150 Index Fund Direct 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 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 Growth
1.54
-
-
As on November 2024
The sharpe ratio for Navi Nifty Midcap 150 Index Fund Direct 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 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 Growth
14.02
-
-
As on November 2024
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 Growth is 0%