Navi AMC has introduced the Navi Nifty MidSmallcap 400 Index Fund, the first index fund in India to mirror the Nifty MidSmallcap 400 Index, which blends the Nifty Midcap 150 and Nifty Smallcap 250. The fund offers broad mid and small cap exposure through a single diversified benchmark. The New Fund Offer began on November 24 and remains open until December 5, with a minimum investment requirement o f just ₹100, making it accessible to a wide base of retail investors.