Navi AMC, the asset management arm of Navi Ltd, has launched the Navi Nifty MidSmallcap 400 Index Fund, an open-ended index fund that seeks to replicate and track the Nifty MidSmallcap 400 Index.
The New Fund Offer (NFO) opened on November 24, 2025 and will remain available for subscription till December 5, 2025. Investors can begin investing with a minimum amount of ₹100.
The scheme brings together the Nifty Midcap 150 and Nifty Smallcap 250 indices, covering 400 companies within the broader Nifty 500 universe. The fund will track the index’s Total Return variant, which accounts for dividends along with price movements. Constructed using a free-float market capitalisation-weighted methodology, the index is maintained and periodically rebalanced by NSE Indices.
“Mid- and small-cap companies have been at the forefront of India’s growth story, yet accessing this segment in a diversified and cost-efficient manner has remained a challenge for many investors. With the Navi Nifty MidSmallcap 400 Index Fund, we are offering a simple way to participate in this opportunity through a single, broad-based index. Our focus is on creating transparent, rules-based products that help investors build long-term wealth without complexity, Aditya Mulki, CEO, Navi AMC, said.
Published on November 25, 2025
