Navi Nifty Midcap 150 Index Fund - Direct Plan Growth

Navi Nifty Midcap 150 Index Fund - Direct Plan Growth

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NAV: ₹ 14.1 as on 22-09-2023

Fund Performance
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38191 people have invested ₹ 2.6Cr in Navi Nifty Midcap 150 Index Fund - Direct Plan Growth in the last three months

Fund Insights

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Over the last 3 months, this fund has experienced a 43.4% growth in AUM moving from 44.71 Cr to 64.12 Cr.
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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%.
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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

  1. 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.
  2. The fund has an expense ratio 0.1.

Navi Nifty Midcap 150 Index Fund - Direct Plan Growth Overview

Expense ratio
Expense ratio
0.11%
Benchmark
Benchmark
IISL Nifty Midcap 150 TR INR
AUM
AUM
₹64 Cr
Inception Date
Inception Date
11 March, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹10/₹10
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
50.78%

Fund Distribution as on (31-Aug-23)

  • Equity 100%

Size breakup

Mid cap
89%
Large cap
7.5%
Small cap
3.7%

Sector Allocation

Aug'23

Jul'23

Jun'23

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

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

Aug'23
Jul'23
Jun'23
Fund Returns
3.98%
5.62%
6.23%
Nifty Midcap 150
-2.43%
2.23%
3.79%
  • 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

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 64.1 Cr
₹ 55.2 Cr
₹ 48.2 Cr
  • 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

Fund Highlights

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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 25.54% since inception which is more than its category average return of 14.13%
Fund Allocations

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

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%

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%