Top Nifty Midcap 150 Index Mutual Funds (2026)
Ranked by expense ratio, lowest first, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 14 Nifty Midcap 150 Index mutual funds. Their average 3 year return is 13.4% a year, and −4.7% over the last year. The lowest expense ratio: Tata NIFTY Midcap 150 Index Fund, 0.29% a year. The highest 3 year returns: Motilal Oswal Nifty Midcap 150 Index Fund 13.6%, Aditya Birla Sun Life Nifty Midcap 150 Index Fund 13.5%, Nippon India Nifty Midcap 150 Index Fund 13.4%.
- Total AUM
- ₹11,541 Cr
- As on 30-09-2026
- Funds
- 14
- From 14 fund houses
- Expense ratio
- 0.29% to 0.72%
- Direct plans, lowest to highest
- Average 3Y return
- 13.4%
- A year, Direct plans
All Nifty Midcap 150 Index Funds
Ranked by expense ratio, lowest first
Ranked by expense ratio, lowest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Tata NIFTY Midcap 150 Index Fund | 1 | 318 | −4.74% | -- | -- | -- | -- | 0.29% | -- | -- |
| Navi Nifty Midcap 150 Index fund | 2 | 381 | −4.80% | +13.26% | -- | -- | Very High | 0.38% | None | 17.02% |
| Motilal Oswal Nifty Midcap 150 Index Fund | 3 | 3,995 | −4.52% | +13.61% | +13.59% | -- | Very High | 0.39% | Varies | 17.04% |
| ICICI Prudential Nifty Midcap 150 Index Fund | 4 | 1,257 | −4.63% | +13.34% | -- | -- | -- | 0.39% | None | 17.02% |
| HDFC NIFTY Midcap 150 Index Fund | 5 | 699 | −4.75% | +13.27% | -- | -- | Very High | 0.40% | None | 17.02% |
| JioBlackRock Nifty Midcap 150 Index Fund | 6 | 266 | −4.62% | -- | -- | -- | Very High | 0.40% | None | -- |
| Nippon India Nifty Midcap 150 Index Fund | 7 | 2,675 | −4.54% | +13.42% | +13.39% | -- | -- | 0.42% | -- | 17.01% |
| DSP Nifty Midcap 150 Index Fund | 8 | 18 | -- | -- | -- | -- | Very High | 0.42% | None | -- |
| Kotak Nifty Midcap 150 Index Fund | 9 | 46 | −4.75% | -- | -- | -- | Very High | 0.42% | None | -- |
| Aditya Birla Sun Life Nifty Midcap 150 Index Fund | 10 | 469 | −4.71% | +13.48% | +13.49% | -- | Very High | 0.49% | 0.25% within 15 days | 17.03% |
| SBI Nifty Midcap 150 Index Fund | 11 | 1,240 | −4.64% | +13.36% | -- | -- | -- | 0.52% | -- | 17.04% |
| Baroda BNP Paribas NIFTY Midcap 150 Index Fund | 12 | 10 | −5.14% | -- | -- | -- | -- | 0.58% | -- | -- |
| Bandhan Nifty Midcap 150 Index Fund | 13 | 93 | −4.85% | -- | -- | -- | Very High | 0.63% | 0.25% within 15 days | -- |
| UTI Nifty Midcap 150 Index Fund | 14 | 76 | −4.82% | -- | -- | -- | Very High | 0.72% | None | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. Ranked by expense ratio: funds that copy one index or hold one metal differ mainly in cost. A fund with no expense ratio on file has no rank.
Compare Nifty Midcap 150 Index Funds
The largest funds of the category, side by side
- Motilal Oswal Nifty Midcap 150 Index vs Nippon India Nifty Midcap 150 Index
- Motilal Oswal Nifty Midcap 150 Index vs ICICI Prudential Nifty Midcap 150 Index
- Motilal Oswal Nifty Midcap 150 Index vs SBI Nifty Midcap 150 Index
- Nippon India Nifty Midcap 150 Index vs ICICI Prudential Nifty Midcap 150 Index
- Nippon India Nifty Midcap 150 Index vs SBI Nifty Midcap 150 Index
- ICICI Prudential Nifty Midcap 150 Index vs SBI Nifty Midcap 150 Index
How Nifty Midcap 150 Index Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Nifty Midcap 150 Index Fund?
Index funds that copy the Nifty Midcap 150: the 150 companies ranked 101 to 250 by size. Funds that follow one index hold nearly the same stocks, so cost and how closely they track it matter most.
Other index categories: Nifty 50 Index · Nifty Next 50 Index · Nifty Smallcap 250 Index · BSE Sensex Index · Nifty 500 Index · Nifty Bank Index · Nifty IT Index · Nifty 50 Equal Weight Index · Nifty200 Momentum 30 Index · Nifty LargeMidcap 250 Index
Nifty Midcap 150 Index Funds: Frequently Asked Questions
Which are the top Nifty Midcap 150 Index mutual funds?
Funds that follow the same index or hold the same metal earn nearly the same return, so the lowest cost matters most. By expense ratio: 1. Tata NIFTY Midcap 150 Index Fund (0.29%), 2. Navi Nifty Midcap 150 Index fund (0.38%), 3. Motilal Oswal Nifty Midcap 150 Index Fund (0.39%), 4. ICICI Prudential Nifty Midcap 150 Index Fund (0.39%), 5. HDFC NIFTY Midcap 150 Index Fund (0.40%).
How many Nifty Midcap 150 Index funds are there?
14 Nifty Midcap 150 Index funds are open for investment, from 14 fund houses.
What is a Nifty Midcap 150 Index fund?
Index funds that copy the Nifty Midcap 150: the 150 companies ranked 101 to 250 by size. Funds that follow one index hold nearly the same stocks, so cost and how closely they track it matter most.
What is the average return of Nifty Midcap 150 Index funds?
1 year: -4.7%, 3 years: 13.4% a year, 5 years: 13.5% a year. The simple average of every Nifty Midcap 150 Index fund's Direct plan.
Which Nifty Midcap 150 Index fund has the lowest expense ratio?
Tata NIFTY Midcap 150 Index Fund, at 0.29% a year (Direct plan), as reported to AMFI.
Which is the largest Nifty Midcap 150 Index fund?
Motilal Oswal Nifty Midcap 150 Index Fund, with ₹3,995 Cr of investors' money on 30-09-2026.
How are Nifty Midcap 150 Index funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.