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Navi Mutual Fund’s Nifty Midcap 150 Index Fund: 4 things to know

Managing an index fund comes with its own set of challenges that fund houses need to tackle

February 24, 2022 / 12:06 PM IST

The Sachin Bansal-backed Navi Mutual Fund (Navi MF) has been launching several low-cost passively-managed funds, mostly index funds. Last month, it launched the Nifty Bank Index Fund, which charges investors a total expense ratio (TER) of 0.12 percent for its direct plan.

Earlier, Navi MF had launched the cheapest Nifty Index Fund and the cheapest Nifty Next 50 Fund.

Now, the fund house has launched a Nifty Midcap 150 Index Fund, which is also the cheapest midcap index fund in its category.

Here are a few things you should know about Navi MF’s latest fund: