About Nippon India Nifty Midcap 150 Index Fund
Nippon India Nifty Midcap 150 Index Fund is a index fund managed by Nippon India Mutual Fund. Passively track a market index such as the Nifty 50 or Sensex, with low costs and returns close to the index.
The fund employs a passive investment approach designed to track the performance of Nifty Midcap 150 TRI.The Scheme seeks to achieve this goal by investing in securities constituting the Nifty Midcap 150 Index in same proportion as in the Index.
The scheme's stated objective, as published by Nippon India Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth Option | ₹26.5453 | 148726 |
| Direct | IDCW Option | ₹26.5453 | 148725 |
| Regular | Growth Option | ₹25.7624 | 148723 |
| Regular | IDCW Option | ₹25.7624 | 148724 |
Frequently asked questions
What is the NAV of Nippon India Nifty Midcap 150 Index Fund today?
The NAV of Nippon India Nifty Midcap 150 Index Fund (Direct plan, Growth) is ₹26.5453 and the Regular plan NAV is ₹25.7624, as of 18 Sept 2026.
What returns has Nippon India Nifty Midcap 150 Index Fund given?
Over the last year the Direct plan returned 4.94%, and 14.95% a year over 3 years and 15.64% a year over 5 years. That places it 30 of 168 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of Nippon India Nifty Midcap 150 Index Fund?
The Direct plan charges 0.37% a year, as disclosed on 31 Jul 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in Nippon India Nifty Midcap 150 Index Fund?
You can start a monthly SIP with ₹100, or invest a lump sum of ₹100 or more.
How much has Nippon India Nifty Midcap 150 Index Fund fallen in the past?
Its deepest fall was 21.4% from 18 Oct 2021 to 20 Jun 2022. Of every one-year stretch in its history, 92% ended in a gain.
Which category does Nippon India Nifty Midcap 150 Index Fund belong to?
It is a Index Fund from Nippon India Mutual Fund. Passively track a market index such as the Nifty 50 or Sensex, with low costs and returns close to the index.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from Nippon India Nifty Midcap 150 Index Fund taxed?
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.