Navi Nifty Midsmall 400 Index Fund - Regular - Growth

Navi Nifty Midsmall 400 Index Fund - Regular - Growth holds up reasonably well within the Index Funds category. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 66/100.

Cost: At 0.18%, the expense ratio is meaningfully cheaper — about 55% below the Index Funds category average of 0.4% (based on 908 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.31 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 19.16% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to cost-conscious investors happy to simply match the market rather than try to beat it. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.