Navi Mutual Fund has launched its latest passive offering — Navi Nifty MidSmallcap 400 Index Fund, now open for subscription from 24th November to 5th December 2025. This index fund tracks the Nifty MidSmallcap 400 Index, offering exposure to a diversified basket of mid and small-cap companies.
With a very high-risk profile and a long-term wealth creation potential, this NFO may appeal to investors seeking broad market exposure beyond large caps.
Key NFO Details
| Detail | Information |
| Fund Name | Navi Nifty MidSmallcap 400 Index Fund |
| NFO Period | 24 Nov 2025 to 5 Dec 2025 |
| Allotment Date | 09 Dec 2025 |
| Category | Equity – Mid Cap Index |
| Risk Level | Very High |
| Fund Type | Open-ended |
| Benchmark | Nifty MidSmallcap 400 Index |
| Minimum Investment | ₹10,000 (lumpsum), ₹3,000 (SIP) |
| Exit Load | 0% |
| Short-term capital gains (STCG) | Returns are taxed at 20% if you redeem before 1 year |
| Long-term capital gains (LTCG) | After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5% |
Investment Objective
The scheme seeks to generate returns equivalent to the Nifty MidSmallcap 400 Index by investing in the constituent stocks, subject to tracking error. This index represents a blend of small and mid cap companies, offering a diversified approach to high-growth segments of the market.
How Does This Compare with the Category?
| Time Period | Category Avg. Returns (CAGR) |
| 1 Year | 13.08% |
| 2 Years | 10.92% |
| 3 Years | 19.15% |
| 4 Years | 20.31% |
| 5 Years | 20.61% |
| 7 Years | 22.75% |
| 10 Years | 19.13% |
Mid and small-cap indices have historically delivered strong long-term performance, though with higher volatility.
Should You Invest in This NFO?
Consider this NFO if:
• You want broad exposure to mid and small-cap companies through a passive index strategy.
• You are comfortable with very high risk and potential short-term volatility.
• You prefer an index fund approach over active stock-picking in this segment.
This fund may suit long-term investors who can handle market swings and aim for higher growth.
Top Performing Funds in This Category
| Fund Name | Fund Size | Returns |
| Motilal Oswal Nifty Midcap 150 Index Fund | ₹2,817 Cr | 24% p.a. (5Y) |
| HDFC NIFTY Midcap 150 Index Fund | ₹437 Cr | 27% p.a. (Since Inception) |
| SBI Nifty Midcap 150 Index Fund | ₹928 Cr | 22% p.a. (Since Inception) |
These provide insight into how established funds in the mid-small cap index space have performed.
About Navi Mutual Fund
Navi Mutual Fund manages ₹8,453 Cr AUM (as of Sept 30, 2025) across 14 schemes.
Fund Manager
- Ashutosh Shirwaikar
Navi Fund House Details
| Detail | Information |
| No. of Schemes | 14 |
| Total AUM | ₹8,453 Cr |
| Address | 7th Floor, Wing B, Prestige RMZ Startech, Hosur Road, Koramangala Industrial Layout, Bengaluru – 560095 |
| mf@navi.com | |
| Phone | +91 80 4511 3444 / 1800-103-8999 |
More Funds from Navi Mutual Fund
| Fund Name | AUM | 1Y | 5Y |
| Navi Flexi Cap Fund | ₹263 Cr | 2.82% | 15.53% |
| Navi Nifty Midcap 150 Index Fund | ₹346 Cr | 6.09% | N.A. |
| Navi ELSS Tax Saver Fund | ₹54 Cr | 2.5% | 14.17% |
| Navi Nifty India Manufacturing Index Fund | ₹70 Cr | 8.13% | N.A. |
| Navi Nifty 50 Index Fund | ₹3,715 Cr | 8.6% | N.A. |
| Navi Nifty Next 50 Index Fund | ₹1,023 Cr | -0.77% | N.A. |
Also Read:
- Capitalmind Liquid Fund NFO: A Stable Short-Term Investment Option for 2025
- Kotak Nifty500 Momentum 50 Index Fund NFO: A Factor-Investing Opportunity for 2025
- Mirae Asset Infrastructure Fund NFO: A Sector-Focused Bet on India’s Growth
- Samco Small Cap Fund NFO: Investing in India’s Emerging Growth Stories
- PGIM India Multi Asset Allocation Fund NFO: A Diversified Investment Approach for 2025
Final Thoughts
The Navi Nifty MidSmallcap 400 Index Fund NFO offers a straightforward way to invest in India’s expanding mid and small cap universe through a passive, low-cost structure.
If you are looking for long-term growth and can withstand high volatility, this NFO may fit well into your equity allocation. Always review your goals, risk appetite, and investment horizon before taking a decision.
For a seamless and guided investing experience, consider investing in mutual funds with Torus Digital.
