Nifty Midcap 150 index funds and ETFs
24 index funds and ETFs track the Nifty Midcap 150, as each fund house reported for Sep 2026. Closest to the index over the year: Mirae Asset Nifty Midcap 150 ETF. Tracking difference is the fund's return less the index's over the year; its costs make it negative, so the figure nearest nought is the closest.
Index funds on the Nifty Midcap 150
Closest to the index first, then the lowest expense ratio. Over the year to the month's end.The Nifty Midcap 150
Motilal Oswal Nifty Midcap 150 Index FundMotilal Oswal Mutual FundTracking difference−0.18%After fee+0.11%Tracking error0.04%Expense ratio0.35%Fund size, ₹ Cr3,995
Nippon India Nifty Midcap 150 Index FundNippon India Mutual FundTracking difference−0.24%After fee+0.09%Tracking error0.16%Expense ratio0.37%Fund size, ₹ Cr2,675
ICICI Prudential Nifty Midcap 150 Index FundICICI Prudential Mutual FundTracking difference−0.29%After fee+0.02%Tracking error0.05%Expense ratio0.35%Fund size, ₹ Cr1,257
JioBlackRock Nifty Midcap 150 Index FundJio BlackRock Mutual FundTracking difference−0.31%After fee−0.07%Tracking error0.14%Expense ratio0.34%Fund size, ₹ Cr266
SBI Nifty Midcap 150 Index FundSBI Mutual FundTracking difference−0.31%After fee+0.12%Tracking error0.04%Expense ratio0.47%Fund size, ₹ Cr1,240
Aditya Birla Sun Life Nifty Midcap 150 Index FundAditya Birla Sun Life Mutual FundTracking difference−0.38%After fee+0.04%Tracking error0.04%Expense ratio0.45%Fund size, ₹ Cr469
Tata Nifty Midcap 150 Index FundTata Mutual FundTracking difference−0.40%After fee−0.24%Tracking error0.13%Expense ratio0.23%Fund size, ₹ Cr318
HDFC Nifty Midcap 150 Index FundHDFC Mutual FundTracking difference−0.43%After fee−0.10%Tracking error0.06%Expense ratio0.34%Fund size, ₹ Cr699
Kotak Nifty Midcap 150 Index FundKotak Mahindra Mutual FundTracking difference−0.46%After fee−0.17%Tracking error0.12%Expense ratio0.38%Fund size, ₹ Cr46
Bandhan Nifty Midcap 150 Index FundBandhan Mutual FundTracking difference−0.49%After fee−0.05%Tracking error0.07%Expense ratio0.65%Fund size, ₹ Cr87
UTI Nifty Midcap 150 Index FundUTI Mutual FundTracking difference−0.51%After fee+0.15%Tracking error0.04%Expense ratio0.66%Fund size, ₹ Cr76
Baroda BNP Paribas Nifty Midcap 150 Index FundBaroda BNP Paribas Mutual FundTracking difference−0.93%After fee−0.46%Tracking error0.19%Expense ratio0.54%Fund size, ₹ Cr10
DSP Nifty Midcap 150 Index FundDSP Mutual FundTracking difference–After fee–Tracking error0.14%Expense ratio0.38%Fund size, ₹ Cr18
Groww Nifty Midcap 150 Index FundGroww Mutual FundTracking difference–After fee–Tracking error0.22%Expense ratio0.49%Fund size, ₹ Cr15
ETFs on the Nifty Midcap 150
Closest to the index first, then the lowest expense ratio. The premium is the median over the month's trading days of each day's close against its NAV.
Mirae Asset Nifty Midcap 150 ETFMirae Asset Mutual FundTracking difference−0.08%After fee+0.01%Tracking error0.09%Expense ratio0.12%Fund size, ₹ Cr1,818Premium or discount0.00%- Kotak Nifty Midcap 150 ETFKotak Mahindra Mutual FundTracking difference−0.13%After fee−0.03%Tracking error0.06%Expense ratio0.12%Fund size, ₹ Cr14Premium or discount+0.08%
- Nippon India ETF Nifty Midcap 150Nippon India Mutual FundTracking difference−0.14%After fee+0.08%Tracking error0.15%Expense ratio0.24%Fund size, ₹ Cr3,821Premium or discount+0.09%
- ICICI Prudential Nifty Midcap 150 ETFICICI Prudential Mutual FundTracking difference−0.17%After fee−0.01%Tracking error0.14%Expense ratio0.18%Fund size, ₹ Cr742Premium or discount+0.14%
- HDFC Nifty Midcap 150 ETFHDFC Mutual FundTracking difference−0.24%After fee−0.04%Tracking error0.03%Expense ratio0.21%Fund size, ₹ Cr157Premium or discount+0.06%
Zerodha Nifty Midcap 150 ETFZerodha Mutual FundTracking difference+0.53%After fee+0.74%Tracking error0.09%Expense ratio0.22%Fund size, ₹ Cr265Premium or discount+0.05%- DSP Nifty Midcap 150 ETFDSP Mutual FundTracking difference–After fee–Tracking error0.17%Expense ratio0.22%Fund size, ₹ Cr14Premium or discount+0.18%
- SBI Nifty Midcap 150 ETFSBI Mutual FundTracking difference–After fee–Tracking error–Expense ratio0.22%Fund size, ₹ Cr13Premium or discount+0.19%
- Groww Nifty Midcap 150 ETFGroww Mutual FundTracking difference–After fee–Tracking error0.23%Expense ratio0.27%Fund size, ₹ Cr6Premium or discount+0.25%
- SBI Nifty200 Value 30 ETFSBI Mutual FundTracking difference–After fee–Tracking error–Expense ratio1.03%Fund size, ₹ Cr6Premium or discount+0.05%
About Nifty Midcap 150 index funds and ETFs
Nifty Midcap 150 index funds and ETFs are funds that hold the 150 mid-sized companies of the Nifty Midcap 150 in the index's own weights, so their return follows the index less costs.
The index they track
The Nifty Midcap 150 holds the companies ranked 101 to 250 by full market capitalisation within the Nifty 500. NSE Indices maintains it. It is weighted by free float market capitalisation: company size counted only on the shares that can trade, with promoters' holdings taken out. It is reviewed twice a year, with cut-off dates of 31 Jan and 31 Jul. Its base date is 1 Apr 2005 and it was launched on 1 Apr 2016.
Index funds and ETFs
Units of an index fund are issued and redeemed by the fund house at that day's NAV, the value of one unit. ETF units change hands on the exchange, so their price can drift from NAV. The ETF table shows that drift as premium or discount: the median, across the month's trading days, of each day's close divided by that day's NAV, less one.
Tracking difference and tracking error
Tracking difference is the fund's return over the year less the index's; costs usually push it below zero. The after fee figure adds the year's average expense ratio back, to show the part of the gap the fee does not explain. Tracking error states, as a yearly figure, how much the daily returns differed.
Costs, size and order
The expense ratio is the fee charged each year as a share of assets, taken from NAV daily. The index fund table shows either direct plans or regular plans, which carry a distributor's commission. Size is assets under management at month-end. Funds are listed by tracking difference nearest zero, the lower expense ratio first where two are level.
Buffers at each review
A company joins if it ranks in the top 225 of the Nifty 500 by full market capitalisation, or is at least 1.5 times the size of the smallest member. A member leaves only if it falls below rank 275 or out of the Nifty 500.