The aim of the research was to evaluate the factors of authenticity (Self-alienation, Accepting external influence and Authentic living) in their nomological network including positive and negative affect, self-esteem, psychological distress and psychological wellbeing. The sample were 206 students (93.2% females) from the University in Novi Sad. Instruments used were Authenticity Scale, Rosenberg Self-Esteem Scale - RSE, The Positive and Negative Affect Schedule - PANAS and Mental Health Inventory – 38 - MHI-38. Results implied that Authentic living has adaptive relations with self-esteem and positive affectivity, while Self-alienation and Accepting external influences has adaptive relations with psychological distress. Maladaptive relations has Self-alienation with self-esteem, positive affectivity and psychological well-being (overall positive affectivity, emotional relations and satisfaction with life) and Accepting external influences has with positive affectivity. This study is significant for further illumination of the role of authenticity in mental health.