Navi Nifty Midcap 150 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 17.97 as on 16-05-2024
About the Fund
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
- Navi Nifty Midcap 150 Index Fund Direct Growth has ₹138 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.1.
Fund Performance
71117 people have invested ₹ 5Cr in Navi Nifty Midcap 150 Index Fund Direct Growth in the last three months
Overview
 | 0.1% |
 Benchmark | IISL Nifty Midcap 150 TR INR |
 | ₹138 Cr |
 | 11 March, 2022 |
 | ₹10/₹10 |
 | 0% |
 | No Lock-in |
 TurnOver | 50.78% |
Navi Nifty Midcap 150 Index Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Mid cap
88.6%
Small cap
6.2%
Large cap
5.1%
Sector Allocation
Industrial
21%
Financial Services
19.6%
Basic Materials
12.9%
Consumer Cyclical
12.2%
Health
10.9%
Tech
7.5%
Real Estate
4.5%
Utilities
4.1%
Energy
2.7%
Communication
2.5%
Consumer Defensive
2.1%
Top Holdings of Navi Nifty Midcap 150 Index Fund Direct Growth as on (30-Apr-24)
Equity Holdings150
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Supreme Industries Ltd | 28.3% |
Voltas Ltd | 1.6% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 6.27% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 0.64% as on Apr'24
- This fund outperformed Nifty Midcap 150 by 5.63% in Apr'24
AUM Change
- AUM of the fund stands at 137.9 Cr as of Apr'24
- AUM increased by 16.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
Navi Nifty Midcap 150 Index Fund Direct Growth 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 29.89% since inception which is more than its category average return of 18.23%
Fund Allocations
This fund has an allocation of 99.88% in Equity, 0% in Debt and 0.12% in Cash related instruments
AUM size ₹138 Cr
This fund has AUM of ₹138 Cr which is less than its category average of ₹ 723 Cr
Expense Ratio 0.1%
This fund has an expense ratio of 0.1% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of Navi Nifty Midcap 150 Index Fund Direct Growth is ₹17.97 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Navi Nifty Midcap 150 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.82% | 0.82% |
6 Month Returns | 22.16% | 22.16% |
1 Year Returns | 53.4% | 53.4% |
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.
0.1% as on April 2024
₹138 Cr as on April 2024
Max Healthcare Institute Ltd Ordinary Shares(2.17%), Indian Hotels Co Ltd(1.75%), Yes Bank Ltd(1.6%), Cummins India Ltd(1.55%), Suzlon Energy Ltd(1.54%) as on April 2024
Industrial(20.93%), Financial Services(19.6%), Basic Materials(12.9%) as on April 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 | -0.52 | - | - |
As on April 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 April 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 | 3.13 | - | - |
As on April 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 | 13.03 | - | - |
As on April 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%