Yes, there are several small and midcap index funds available in India. These index funds invest in stocks of companies that are smaller in size or have a mid-sized market capitalization. Some examples of such index funds are Nippon India Junior BeES, Franklin India Smaller Companies Fund, and HDFC Mid-Cap Opportunities Fund. These funds offer investors exposure to a diversified portfolio of small and mid-sized companies, which can potentially provide higher returns over the long term but also carry higher risk. It is important to carefully assess the fund's investment strategy and past performance before investing in any index fund.
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