HealthyPlan n/a · Option n/aFit for a long SIP
Navi Nifty Midcap 150 Index Fund
Navi Mutual FundOther Scheme - Index Funds4.6 years
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.
- NAV
- 20.1143
- 29 Oct 2026
- 1Y
- -4.1%
- Trailing CAGR
- Upside capture
- +99%
- Vs NIFTY MIDCAP 150 TRI
- Downside capture
- +100%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Watch
4.6 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
n/a
TER not on file yet.
Drawdown vs peers
Pass
Peak-to-trough -21.0%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Ashutosh Shirwaikar · 3.3 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 16.9% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 21%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-4.1%
- 3Y+13.6%
- 5Yn/a
- 10Yn/a
- SI+16.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-6.4%
- 3Y+3.4%
- 5Yn/a
- 10Yn/a
- Since inception
- +16.3%
- Calendar-day CAGR
- Excess 1Y
- +2.4%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 86
- Vs comparable share classes
- SIP 3Y XIRR
- +3.4%
- Simulated monthly SIP
- Worst rolling 3Y
- +12.1%
- 404 daily-ending windows
- Median rolling 3Y
- +22.1%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Official benchmark
Date-aligned against NIFTY MIDCAP 150 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- -0.4%
- Fund minus TRI
- 3Y excess
- -0.6%
- Fund minus TRI
- Upside capture
- +99%
- Benchmark-up months
- Downside capture
- +100%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -21.0%
- Worst peak-to-trough
- Current
- -9.8%
- Below last peak
- Current spell
- 59 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 13 days
- 58 recovered episodes
- Longest recovery
- 262 days
- Trough to prior peak
24 Sept 2024 – 17 Nov 2025
Trough 28 Feb 2025 · recovered in 262 days
-21.0%
11 Apr 2022 – 16 Aug 2022
Trough 20 Jun 2022 · recovered in 57 days
-18.3%
7 Jan 2026 – 7 May 2026
Trough 31 Mar 2026 · recovered in 37 days
-14.0%
31 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-12.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
86
Vs category
65
Consistency
88
Risk-adjusted
59
Drawdown
48
Mean
69
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 150 holdings · top 10 are 16.9%.
- Top 5
- 9.4%
- Top 10
- 16.9%
- Largest holding
- 2.1%
- Effective holdings
- 109.6
Multi Commodity Exchange Of India Ltd
Financial
2.1%
The Federal Bank Ltd
Financial
1.9%
Laurus Labs Ltd
Healthcare
1.9%
One 97 Communications Ltd
Industrials
1.8%
Hero Motocorp Ltd
Consumer Discretionary
1.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life Crisil IBX Gilt Apr 2028 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +4.2%
- 3Y
- +7.0%
- Vol
- 1.1%
- Max DD
- -0.7%
- Sharpe
- 0.87
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns
Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +5.6%
- 3Y
- +7.4%
- Vol
- 1.4%
- Max DD
- -3.5%
- Sharpe
- 0.36
- 3Y win
- +0%
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund
Axis Mutual Fund
- 1Y
- +4.6%
- 3Y
- +7.4%
- Vol
- 1.2%
- Max DD
- -0.8%
- Sharpe
- 1.09
- 3Y win
- +1%
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns
Bajaj Finserv Nifty 50 Index Fund
Bajaj Finserv Mutual Fund
- 1Y
- -11.5%
- 3Y
- n/a
- Vol
- 12.4%
- Max DD
- -14.9%
- Sharpe
- -0.82
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns
BANDHAN CRISIL IBX GILT APRIL 2026 INDEX FUND
Bandhan Mutual Fund
- 1Y
- +5.8%
- 3Y
- +6.8%
- Vol
- 0.8%
- Max DD
- -0.4%
- Sharpe
- 1.62
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns