Navi AMC Launches First Nifty MidSmallcap 400 Index Fund

Navi AMC has introduced a new fund called the Navi Nifty MidSmallcap 400 Index Fund.

This fund aims to follow the performance of the Nifty MidSmallcap 400 Index, which includes 400 companies from the mid- and small-cap segments.

The fund's New Fund Offer (NFO) is open from November 24 to December 5, and investors can start with as little as ₹100.

The goal of this fund is to make it easier and more affordable for people to invest in these high-growth segments of the market.

The fund will try to match the index's performance, but there might be small differences.

Navi AMC is known for offering low-cost and accessible investment products.

Other similar funds include the Mirae Asset and UTI funds, which also track the same index but have different structures and costs.