Navi Nifty MidSmallcap 400 Index Fund Direct-Growth
Equity: Mid Cap - Growth (Open ended) Factsheet
SEBI Riskometer: Very HighCategory: Equity: Mid CapBenchmark: NIFTY Mid Small Cap 400 Total Return Index
NAV: ₹10.77-0.24%
16 Jul 2026
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Expense ratio of the Index fund (0.51%) is lower than average expense ratio of other Index funds/ETFs (0.95%) tracking NIFTY Mid Small Cap 400 Total Return Index
This measures the relative expense of the index fund/ETF with respect to average expense ratio all index funds/ETFs tracking the same benchmark. Investors should always prefer schemes with lower expense, everything else remaining the same
What is Expense ratio?
Tracking error of the Index fund (0.36%) is low
This is a measure of how well an Index fund/ETF has been able to replicate the performance of the benchmark its tracking. As a passive investor, lower tracking error is always better
What is Tracking Error?
Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis
The scheme seeks to achieve a return equivalent to Nifty MidSmallcap 400 Index by investing in the stocks of companies which comprise the Nifty MidSmallcap 400 Index, subject to tracking error.