Navi Mutual Fund launches Navi Nifty Midcap 150 Index Fund

NFO period: 21^st February – 02^nd March, 2022

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating /tracking Nifty Midcap 150 Index


• Investment objective – The investment objective of the scheme is to achieve return equivalent to Nifty Midcap150 Index by investing in stocks of companies comprising Nifty Midcap 150 Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.


• Product suitability – This product is suitable for investors who are seeking capital appreciation over the long term. Equity and equity related securities covered by Nifty Midcap 150 Index. Return that corresponds to the performance of Nifty Midcap 150 Index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option only.


• Fund Manager – Mr. Pranav Vasa


• Benchmark – Nifty Midcap 150 Index TRI (Total Return Index)