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Groww Nifty Midcap 150 Index Fund Direct Growth
Equity
Mid Cap
Very High Risk
NAV: 16 Jan '26
₹9.83
Min. SIP amount
₹500
Fund size
₹11.15 Cr
Expense ratio
0.34%
Holdings (150)
See All
Minimum investments
Min. for 1st investment
₹500
Min. for 2nd investment
₹500
Min. for SIP
₹500
Returns and rankings
Annualised returns
Absolute returns
| Name | 1M | 3M | 6M | All |
|---|---|---|---|---|
| Fund returns | +0.0% | -- | -- | -1.7% |
| Category average (Equity Mid Cap) | -- | -- | -- | -- |
| Rank (Equity Mid Cap) | -- | -- | -- | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
Edelweiss Mid Cap Direct Plan Growth | +9.05% | +27.46% | 13,650.47 | |
WhiteOak Capital Mid Cap Fund Direct Growth | +12.02% | +27.44% | 4,447.55 | |
HDFC Mid Cap Fund Direct Growth | +12.46% | +26.18% | 92,641.55 | |
Motilal Oswal Midcap Fund Direct Growth | -3.08% | +25.68% | 36,880.18 | |
JM Midcap Fund Direct Growth | +2.68% | +25.44% | 1,178.20 | |
| Compare | ||||
Fund management
NSNikhil SatamOct 2025 - PresentView details
NS
Nikhil Satam
Oct 2025 - Present
View details
AACAakash Ashokkumar ChauhanOct 2025 - PresentView details
AAC
Aakash Ashokkumar Chauhan
Oct 2025 - Present
View details
SKShashi KumarOct 2025 - PresentView details
SK
Shashi Kumar
Oct 2025 - Present
View details
About Groww Nifty Midcap 150 Index Fund Direct Growth
Groww Nifty Midcap 150 Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. Nikhil Satam is the Current Fund Manager of Groww Nifty Midcap 150 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,619 Cr and the Latest NAV as of 16 Jan 2026 is ₹9.83.
The Groww Nifty Midcap 150 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.
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Investment Objective
The scheme seeks to generate long-term capital growth by investing in securities of the Nifty Midcap 150 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Midcap 150 Index, subject to tracking errors.
Fund benchmarkNIFTY Midcap 150 Total Return Index
Fund house
Rank (total assets)#41 in India
Total AUM₹3,619.19 Cr
Date of Incorporation10 Apr 2008
Launch Date10 Apr 2008
Address505 – 5th Floor, Tower 2B, One World Centre, Near Prabhadevi Railway Station, Lower Parel,Maharashtra Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,