quant Nifty Midcap 150 Index Fund is a new index fund from quant Mutual Fund, run by quant Money Managers Limited. Its NFO (new fund offer), the first window to buy units at ₹10 each, opened on 12-10-2026 and closes on 26-10-2026.
The fund does not pick stocks. It holds the companies in the Nifty Midcap 150 Total Return Index and aims to match that index before costs, with a small gap called tracking error.
The index covers 150 mid-sized listed companies. The pitch is simple: one fund, a wide slice of the middle of the market, and no manager picking winners.
Quant Nifty Midcap 150 Index Fund NFO details
Fund name | |
Fund type | Open-ended index fund |
Category | Other schemes, index funds |
Nature of scheme | Passive, tracks the Nifty Midcap 150 TRI |
Benchmark | Nifty Midcap 150 Total Return Index (TRI) |
Fund managers | Sameer Kate, Sanjeev Sharma and Yug Tibrewal |
NFO opens | 12-10-2026 |
NFO closes | 26-10-2026 |
Allotment or reopening date | Not available |
Minimum investment | ₹5,000, then in multiples of ₹1 |
Additional investment | ₹1,000, then in multiples of ₹1 |
SIP amount | ₹1,000 (weekly, fortnightly, monthly) or ₹3,000 (quarterly) |
NAV | ₹10 per unit |
Stamp duty | 0.005% on purchases |
Entry load | Not applicable |
Exit load | Nil |
Quant Mutual Fund (AMC) details
AMC name | quant Money Managers Limited |
Assets under management | ₹1,04,293 crore |
Website | |
Office address | 6th Floor, Sea Breeze Building, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025 |
Contact number | 022-6295 5000 |
Source: AMFI India: New fund offer: quant Nifty Midcap 150 Index Fund
What has quant Mutual Fund launched?
Open-ended means you can buy and sell units on any business day once the NFO ends.
An index fund copies a list of companies. The Nifty Midcap 150 holds the companies ranked 101 to 250 by market value in the Nifty 500. These are the firms just below India’s 100 largest.
The fund buys the same shares in the same proportions. The Total Return version counts dividends as reinvested, so it shows the full picture.
Nobody chooses stocks here. Unlike active management, there are no stock calls to judge. At least 95% goes into index shares, and up to 5% into debt and money market instruments.
How does the Nifty Midcap 150 index fund work?
The index sets the list and the fund copies it.
Step | What happens? |
1 | NSE Indices Limited picks companies ranked 101 to 250 in the Nifty 500, weighted by free float market value (shares open to public trading). |
2 | The index is reviewed twice a year, in March and September. |
3 | You apply until 26-10-2026. After the NFO closes, units are allotted at ₹10 each. |
4 | The fund buys every index stock in index weights. NFO money must be invested within 30 business days of allotment. |
5 | Fund managers keep cash low and adjust holdings as money flows in and out. |
6 | When the index changes, the portfolio is rebalanced (adjusted to match) within 7 calendar days. |
7 | The AMC reports tracking error daily on its website and AMFI’s. |
Let’s understand through an example
Say an index holds only three companies: A at 50%, B at 30% and C at 20%. You invest ₹10,000. The fund puts ₹5,000 in A, ₹3,000 in B and ₹2,000 in C. If the index later changes its weights, the fund changes its holdings to match.
The real index has 150 companies. On 30-09-2026 the largest, Multi Commodity Exchange of India Ltd, weighed about 2.07%, and the ten largest made up about 16.8%.
quant Nifty Midcap 150 Index Fund portfolio allocation
Instrument | Minimum | Maximum |
Equity and equity related securities of the Nifty Midcap 150 Index | 95% | 100% |
Debt and money market instruments | 0% | 5% |
Equity derivatives (up to 20% of assets) may be used for rebalancing or when shares are hard to buy, for up to 7 days.
Investment strategy of the quant Nifty Midcap 150 Index Fund
The fund tries to hold every index stock at its index weight. After the March or September review, it adjusts within 7 calendar days.
The AMC aims to keep tracking error (how far the fund’s daily returns stray from the index) within 2% a year. It targets a tracking difference of 0.50% over the expenses charged. Both can slip in unusual conditions.
If a stock hits a daily price limit, the fund holds cash and buys when trading reopens, which can widen the gap.
The base expense ratio can be up to 0.90% of daily net assets, plus brokerage and statutory levies.
Potential benefits of this Nifty Midcap 150 index fund
Potential benefit | Why does it matter? |
Wide mid-cap spread | One fund holds 150 companies, so no single firm decides the outcome. This is diversification in practice. |
No stock-picking calls | The fund follows the index, so results do not depend on a manager’s choices. |
Rules based | Published rules decide which companies enter and how they are weighted. |
Easy entry | SIPs start at ₹1,000. There is no entry load and the exit load is nil. |
Things to know before you invest in the NFO
Point | What does it mean? |
Tracking gap | Fund returns can differ from the index, beyond the 2% a year the AMC aims for, in unusual conditions. |
Moves with the index | The fund holds all 150 companies, strong or weak. Its value will rise and fall with them, and no manager can step aside. |
Costs | Expenses are deducted from the fund’s NAV daily and reduce what you earn. |
New fund | There is no track record yet, and the SID gives no assurance that the objective will be met. |
Deployment time | NFO money is invested within 30 business days of allotment, extendable by 30 in exceptional cases. |
Who may consider the quant Nifty Midcap 150 Index Fund?
Our reading, not a statement from the SID.
Investor type | Why it may fit |
A SIP investor with a goal 7 or more years away | Small, regular investing suits a fund with no stock selection to watch. |
Someone who holds large-cap funds | It adds mid-sized companies as a separate layer. Check overlap first. |
An investor who prefers rules to manager judgement | The fund follows an index and does not change course on a view. |
Who may not find it suitable?
Investor type | Why it may not fit |
Money needed within 2 to 3 years | The fund moves with the market, so its value on your withdrawal date is uncertain. |
Someone wanting a manager to beat the index | A passive fund tracks the index. It does not try to outperform it. |
Someone seeking a fixed return | The SID gives no assurance of any outcome. |
Someone wanting one fund for everything | It holds only mid-sized companies. |
Nifty Midcap 150 index fund vs traditional investment options
Option | Return | Price swings | Access to money | Horizon | Suitable investor |
Fixed deposit | Fixed rate | None on stated rate | Early exit may cost | Fixed term | Steady income seekers |
Debt mutual fund | Moderate, varies | Low to moderate | Quick | 1 to 3 years | Shorter goals |
Hybrid fund | Moderate to high | Moderate | Quick | 3 to 5 years | Balanced investors |
Equity mutual fund | High, not fixed | High | Quick | 5 years or more | Long term investors |
This fund | Follows the index | High | Within 3 working days | Long term (our reading) | Index followers wanting mid-caps |
Quant Nifty Midcap 150 Index Fund review by Zenith Finserve
This is a plain index fund for one slice of the market: mid-sized companies. It fits money meant for a goal seven or more years away, built up through SIPs. That is our reading, not a claim in the SID.
The fund can add a mid-sized layer next to large-cap holdings. Check how much of it your existing funds already own.
Because it is new, watch its tracking difference and expense ratio after launch, and judge suitability against your own goal, timeline and cash needs. This is a news report, not a recommendation.
How Zenith Finserve can help
At Zenith Finserve, we follow a process driven investment framework. We assess your goals, cash flows, risk profile, time horizon, existing investments, loans and tax situation before suggesting investments. We align our investment suggestions with your financial objectives and review them periodically to keep them suitable as your circumstances change.
Explore our mutual fund advisory and SIP advisory services, learn about us, or get in touch.
Similar NFOs on Zenith
quant Nifty 100 Index Fund NFO: same AMC, tracking 100 large companies instead.
quant Nifty 50 Index Fund NFO: same AMC, built on the Nifty 50.
Motilal Oswal Nifty Midcap150 Plus 8-13 yr G-Sec 70:30 Index Fund NFO: also mid-cap based, with about 30% in government bonds.
Also read: New fund offer (NFO): meaning, types and myths busted.
Frequently Asked Questions
1. Is quant Nifty Midcap 150 Index Fund NFO good to invest in?
We do not recommend investing. Fit depends on your goal, timeline and need for cash. Test it against your own plan.
2. What does the quant Nifty Midcap 150 Index Fund invest in?
At least 95% goes into the Nifty Midcap 150 shares, in index weights. Up to 5% goes into debt and money market instruments.
3. When does the NFO open and close?
It opened on 12-10-2026 and closes on 26-10-2026. The AMC may close early or extend within SEBI limits, and will announce changes on its website.
4. What are the minimum investment and SIP amounts?
₹5,000 in the NFO and ₹1,000 for extra purchases. SIPs start at ₹1,000 (weekly, fortnightly, monthly) or ₹3,000 (quarterly).
5. What is the NAV during the NFO, and is there a load?
Units cost ₹10 each. There is no entry load and the exit load is nil. A 0.005% stamp duty applies on purchases.
6. Who manages the fund, and what is the benchmark?
Sameer Kate, Sanjeev Sharma and Yug Tibrewal manage it. The benchmark is the Nifty Midcap 150 Total Return Index.
7. Which plans and options are offered?
Regular and Direct plans, each with Growth and IDCW options. Growth is the default. Direct is for investing without a distributor.
8. What is tracking error?
It shows how far the fund’s daily returns stray from the index. The AMC aims to keep it within 2% a year.
