About Tata Nifty MidSmall Healthcare Index Fund
Tata Nifty MidSmall Healthcare Index Fund is a index fund managed by Tata Mutual Fund. Passively track a market index such as the Nifty 50 or Sensex, with low costs and returns close to the index.
The investment objective of the scheme is to provide returns, before expenses, that are in line with the performance of Nifty MidSmall Healthcare Index (TRI), subject to tracking error.
The scheme's stated objective, as published by Tata 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 | ₹15.4543 | 152564 |
| Direct | IDCW Payout Option | ₹15.4543 | 152565 |
| Direct | IDCW Reinvestment Option | ₹15.4543 | 152566 |
| Regular | Growth Option | ₹15.2158 | 152567 |
| Regular | IDCW Payout Option | ₹15.2158 | 152562 |
| Regular | IDCW Reinvestment Option | ₹15.2158 | 152563 |
Frequently asked questions
What is the NAV of Tata Nifty MidSmall Healthcare Index Fund today?
The NAV of Tata Nifty MidSmall Healthcare Index Fund (Direct plan, Growth) is ₹15.4543 and the Regular plan NAV is ₹15.2158, as of 18 Sept 2026.
What returns has Tata Nifty MidSmall Healthcare Index Fund given?
Over the last year the Direct plan returned 15.98%. Past returns do not guarantee future returns.
What is the expense ratio of Tata Nifty MidSmall Healthcare Index Fund?
The Direct plan charges 0.55% 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 Tata Nifty MidSmall Healthcare Index Fund?
You can start a monthly SIP with ₹100, or invest a lump sum of ₹5,000 or more.
How much has Tata Nifty MidSmall Healthcare Index Fund fallen in the past?
Its deepest fall was 17.5% from 7 Jan 2025 to 28 Feb 2025. Of every one-year stretch in its history, 94% ended in a gain.
Which category does Tata Nifty MidSmall Healthcare Index Fund belong to?
It is a Index Fund from Tata 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 Tata Nifty MidSmall Healthcare 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.