February 24, 2025
mayank
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Navi Nifty Smallcap250 Momentum Quality 100 Index Fund Open Date, Close Date?
NFO opens on February 25, 2025
NFO will close on March 10, 2025
Investment Strategy for this NFO?
The scheme seeks to achieve return equivalent to Nifty Smallcap250 Momentum Quality 100 Index by investing in stocks of companies comprising Nifty Smallcap250 Momentum Quality 100 TRI, subject to tracking error.
Basic Details
| Fund House | Navi Mutual Fund |
| Issue Open | 25 February 2025 |
| Issue Close | 10 March 2025 |
| Type | Open-ended |
| Category | Equity: Small Cap |
| Min. Investment(Rs) | 100 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty Smallcap 250 Momentum Quality 100 TRI |
About Benchmark Index for this NFO?
Nifty Smallcap250 Momentum Quality 100 index aims to track the performance of the 100 small cap stocks selected based on combination of their momentum and quality factor scores. The momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earnings (EPS) growth variability analyzed during the previous 5 years. The weight of each stock in the index is based on the combination of composite momentum-quality score and its free-float market capitalization. Stock weights are capped at 3% atthe time of index rebalancing.
Nifty Smallcap250 Momentum Quality 100 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Smallcap250 Momentum Quality 100 Total Returns Index.
Portfolio Characteristics
| Methodology | Tilt Weighted |
| No. of Constituents | 100 |
| Launch Date | December 21, 2023 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Navi Nifty Smallcap250 Momentum Quality 100 Index Fund
1) 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
AMC
Navi AMC Limited
Address: 7th Floor, Wing B, Prestige RMZ Startech, No. 139, 2, Hosur Rd Koramangala Industrial Layout, S.G. Palya. Bangalore – 560095
Website: http://www.navimutualfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for Navi Nifty Smallcap250 Momentum Quality 100 Index Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of Nifty Smallcap 250 Momentum Quality 100 TRI
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -12.92 | -12.92 | -2.22 | 24.22 | 20.95 |
| Total Return | -12.87 | -12.87 | -1.35 | 25.45 | 22.70 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 23.47 | 21.51 | 21.82 |
| Beta (NIFTY 50) | 1.17 | 0.84 | 0.79 |
| Correlation (NIFTY 50) | 0.69 | 0.75 | 0.76 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 27.99 | 5.09 | 0.97 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Glenmark Pharmaceuticals Ltd | 3.23 |
| Suven Pharmaceuticals Ltd. | 3.14 |
| Multi Commodity Exchange of India Ltd. | 3.09 |
| 360 ONE WAM Ltd. | 2.75 |
| Radico Khaitan Ltd | 2.70 |
| National Aluminium Co. Ltd. | 2.57 |
| Computer Age Management Services Ltd | 2.49 |
| Central Depository Services (India) Ltd. | 2.48 |
| Crompton Greaves Consumer Electricals Ltd. | 2.31 |
| Motilal Oswal Financial Services Ltd. | 2.03 |
Note on Benchmark Performance:
Nifty Smallcap250 Momentum Quality 100 index aims to track the performance of the 100 small cap stocks selected based on combination of their momentum and quality factor scores. The momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility. The benchmark index has provided impressive return of 25.45% annual during last 5 years. However selling pressure observed in small cap stocks has given YTD return of -12.87%. Even after correction, the index is availabe at PE multiple of 27.99.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Ashutosh Shirwaikar
| Fund | Navi ELSS Tax Saver Nifty 50 Index Fund | It’s Benchmark | Navi Flexi Cap Fund | It’s Benchmark |
| 1 Year | 3.44 | 3.40 | -1.40 | 3.40 |
| 3 Year | — | — | 9.66 | 13.34 |
| 5 Year | — | — | 12.18 | 17.02 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 24-02-2025
Note on Fund Managers’ performance
As you know, the Fund managers are like pilots navigating through both turbulent and calm skies. Their ability to manage the fund effectively during both challenging and favorable times is key. Therefore, analyzing the historical performance of fund managers is important to gauge their future potential. This NFO will have one fund manager and his performance in one of the schemes is not quite impressive.
[ C ] Our NFO Review
Given the current market environment and weak sentiment, there are concerns that the valuation of small-cap stocks may decline in the coming months. Therefore, we recommend adopting a wait-and-watch approach before considering this NFO.
Is it good to invest in Navi Nifty Smallcap250 Momentum Quality 100 NFO?
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks