Is there any limitation for if function ?

Hi all,

Can anyone enlighten me on the following issue.

I've a long list of value with indicator which I need to compare with an entry after which it need to return a text indicator. I'm using IF and MATCH function.

Following is the code I use:

=(IF(MATCH(C1,$D$5:$D$29,0)<=5,$E$9,IF(MATCH(C1,$D$5:$D$29,0)<=10,$E$14,IF(MATCH(C1,$D$5:$D$29,0)<=15,$E$19,IF(MATCH(C1,$D$5:$D$29,0)<=20,$E$24,IF(MATCH(C1,$D$5:$D$29,0)<=25,"Not Found"))))))

I've attached an excel file with an sample.

Btw, Is there anyway I can omit the length of IF & MATCH function by using other function.

Pls advice. Thanks
Marc