July 23, 2024
mayank
Navi Nifty Midcap 150 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 19.8710
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to achieve return equivalent to Nifty Midcap150 Index by investing in stocks of companies comprising Nifty Midcap 150 Index, subject to tracking error.
Fund Manager:
1) Aditya Mulki
Education: Mr. Mulki is a CFA and B.COM
Experience: Prior to joining Navi Mutual Fund, he has worked for close to 6 years at Quantum Advisor Ltd as an Equity Research Analyst.
2) Ashutosh Shirwaikar
Education: Mr. Shirwaikar has done MMS and CFA
Experience: Prior to joining Navi MF, he has worked with Quantum AMC and ICICI Bank
Investment Details
| Min. Investment (Rs) | 10 |
| Min. Addl Investment (Rs) | 10 |
| Min. SIP Investment (Rs) | 10 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Navi Nifty Midcap 150 Index Fund
| Fund House | Navi Mutual Fund |
| Launch Date | 11-Mar-22 |
| Return Since Launch | 33.65% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 175 Cr |
| (As on 30-Jun-2024) | |
| Expense | |
| 0.21% | |
| (As on 30-Jun-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 38.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Navi Nifty Midcap 150 Index Dir | 23.25 | 1.09 | 1.52 | 15.46 | 19.13 | 52.47 | — | — | — | — |
| BSE 150 MidCap TRI | 27.23 | 1.14 | 2.64 | 17.56 | 22.43 | 56.96 | — | — | — | — |
| Equity: Mid Cap | 25.87 | 0.97 | 1.61 | 16.61 | 22.92 | 53.42 | — | — | — | — |
| Rank within category | 28 | 17 | 26 | 29 | 33 | 20 | — | — | — | — |
| Number of funds in category | 39 | 40 | 40 | 39 | 39 | 39 | 28 | 22 | 20 | 19 |
Peer Comparison of Navi Nifty Midcap 150 Index Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Navi Nifty Midcap 150 Index Dir | Unrated | 52.47 | — | — | 0.21 | 175 | 33.65 | — | 2Y 4M | 38.00 |
| Motilal Oswal Nifty Midcap 150 Dir | 3 star | 53.02 | 27.08 | — | 0.30 | 1,759 | 31.37 | 1.00 (15) | 4Y 10M | 34.00 |
| Nippon India Nifty Midcap150 Dir | 3 star | 52.72 | 26.84 | — | 0.30 | 1,426 | 29.57 | — | 3Y 5M | 54.00 |
| SBI Nifty Midcap 150 Index Dir | Unrated | 52.66 | — | — | 0.41 | 518 | 39.68 | 0.25 (30) | 1Y 9M | 28.00 |
| ICICI Pru Nifty Midcap 150 Index Dir | Unrated | 52.42 | — | — | 0.28 | 494 | 27.53 | — | 2Y 7M | 38.00 |
Portfolio Analysis of Navi Nifty Midcap 150 Index Fund
| No. of Stocks | 150 |
| Top 10 Stocks | 15.52% |
| Top 5 Stocks | 8.67% |
| Top 3 Sectors | 38.71% |
| Portfolio P/B Ratio | 4.89 |
| Portfolio P/E Ratio | 41.20 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 57,863 | 59,798 |
| Giant (%) | 0.54 | 5.53 |
| Large (%) | 39.16 | 36.90 |
| Mid (%) | 60.31 | 55.38 |
| Small (%) | — | 5.30 |
| Tiny (%) | — | 0.34 |
Chanakya’s Mutual Fund Guidance For Navi Nifty Midcap 150 Index Fund
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