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Navi AMC, a subsidiary of Navi Limited (formerly Navi Technologies Limited), announced the launch of the Navi Nifty MidSmallcap 400 Index Fund, an open-ended index fund that seeks to replicate and track the Nifty MidSmallcap 400 Index. The index represents the combined universe of mid-cap and small-cap companies as defined within the broader Nifty 500. The New Fund Offer (NFO) opens on 24th November 2025 and closes on 5th December 2025.

Fund & Index Overview

The Scheme will replicate the Nifty MidSmallcap 400 Total Return Index, a free-float market capitalization-weighted index comprising 400 companies (150 mid-cap and 250 small-cap stocks). The index is maintained and rebalanced as per the methodology prescribed by NSE Indices.

Objective of the Fund

The investment objective of the Scheme is to generate returns that are commensurate with the performance of the Nifty MidSmallcap 400 Index, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be realised.

Aditya Mulki, CEO, Navi AMC Limited, said, “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.”

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