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    Baroda BNP Paribas NIFTY Midcap 150 Index Fund vs HDFC NIFTY Midcap 150 ETF

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    Baroda BNP Paribas NIFTY Midcap 150 Index Fund is a mutual fund and HDFC NIFTY Midcap 150 ETF is an ETF fund. In the year to 30-10-2026, Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct) returned −5.1% and HDFC NIFTY Midcap 150 ETF returned −4.6%. Baroda BNP Paribas NIFTY Midcap 150 Index Fund charges 0.58% a year and HDFC NIFTY Midcap 150 ETF 0.25%. Their portfolios overlap 99.1%: they hold 150 of the same securities.

    Baroda BNP Paribas NIFTY Midcap 150 Index Fund

    1 year return
    −5.1%
    Expense ratio
    0.58%
    NAV
    ₹10.13
    See Baroda BNP Paribas NIFTY Midcap 150 Index Fund

    HDFC NIFTY Midcap 150 ETF

    ETF

    1 year return
    −4.6%
    Expense ratio
    0.25%
    NAV
    ₹21.33
    See HDFC NIFTY Midcap 150 ETF

    Which is better, Baroda BNP Paribas NIFTY Midcap 150 Index or HDFC NIFTY Midcap 150 ETF? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • HDFC NIFTY Midcap 150 ETF returned more over 1 year: −4.6% against −5.1%.
    • HDFC NIFTY Midcap 150 ETF costs less: 0.25% a year against 0.58%.
    • Baroda BNP Paribas NIFTY Midcap 150 Index fell less in its worst fall since 06-11-2024: −18.8% against −18.9%.
    • HDFC NIFTY Midcap 150 ETF is the larger fund: ₹157 Cr against ₹10 Cr.
    • Their portfolios overlap 99.1%: 150 of the same holdings.

    Past returns do not promise future returns. This page is information, not investment advice.

    Key facts

    From each fund's scheme summary document and AMFI

    FactBaroda BNP Paribas NIFTY Midcap 150 Index FundHDFC NIFTY Midcap 150 ETF
    Fund houseBaroda BNP Paribas Mutual FundHDFC Mutual Fund
    CategoryNot availableETF
    AUM₹10 Cr (30-09-2026)₹157 Cr (30-09-2026)
    NAV₹10.13 (Direct)₹21.33
    Expense ratio (Direct)0.58%Not available
    Expense ratio (Regular)1.25%Not available
    RiskometerNot availableVery High
    BenchmarkNot availableNifty Midcap 150 TRI
    Launch dateNot available15-02-2023
    Minimum investmentNot availableOn an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors) can subscribe (buy) Units on a continuous basis on the Stock Exchanges, in minimum lot of 1 (one) unit and in multiples thereof. B. Directly with the F
    Lock inNot availableNone
    Fund managersNot availableAbhishek Mor, Nandita Menezes, Arun Agarwal
    Exit loadNot availableNot available

    Baroda BNP Paribas NIFTY Midcap 150 Index vs HDFC NIFTY Midcap 150 ETF: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)−3.70%−8.71%−4.45%−5.14%------
    HDFC NIFTY Midcap 150 ETF−3.70%−8.53%−4.07%−4.59%+13.56%----

    Baroda BNP Paribas NIFTY Midcap 150 Index vs HDFC NIFTY Midcap 150 ETF: Year-wise Returns

    YearBaroda BNP Paribas NIFTY Midcap 150 IndexBaroda BNP Paribas NIFTY Midcap 150 IndexHDFC NIFTY Midcap 150 ETFHDFC NIFTY Midcap 150 ETFNifty Midcap 150 TRI
    2026to date−5.68%−5.16%−4.97%
    2025+5.55%+5.77%+5.98%
    2024--+24.17%+24.46%

    Baroda BNP Paribas NIFTY Midcap 150 Index vs HDFC NIFTY Midcap 150 ETF: Rolling Returns

    Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both

    Rolling returns

    Every 1-year holding period, 242 of them, one for each trading day from 06-11-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.

    −10%−5%0%5%10%15%20%25%
    Dec 2024
    to
    Dec 2025    Feb 2025
    to
    Feb 2026    Apr 2025
    to
    Apr 2026    Jun 2025
    to
    Jun 2026    Aug 2025
    to
    Aug 2026    Oct 2025
    to
    Oct 2026
    Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)HDFC NIFTY Midcap 150 ETFNifty Midcap 150 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Baroda BNP Paribas NIFTY Midcap 150 Index5.825.237.222.38.31.20.07.7%7.3%−6.3%20.9%0%
    HDFC NIFTY Midcap 150 ETF4.922.239.123.08.22.50.08.1%7.7%−5.8%21.5%0%
    Nifty Midcap 150 TRI3.720.241.323.68.32.90.08.4%8.0%−5.5%21.8%--

    The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Midcap 150 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 06-11-2024. Past returns do not promise future returns.

    Baroda BNP Paribas NIFTY Midcap 150 Index vs HDFC NIFTY Midcap 150 ETF: SIP and Lumpsum Returns

    What the same monthly or one-time investment would be worth in each fund today, from their own NAV history

    Growth of an investment

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 06-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Baroda BNP Paribas NIFTY Midcap 150 IndexBaroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct) ₹2,40,000 ₹2,37,711 −₹2,289 −0.9%
    HDFC NIFTY Midcap 150 ETFHDFC NIFTY Midcap 150 ETF ₹2,40,000 ₹2,39,336 −₹664 −0.3%
    ₹0₹1.0 L₹2.0 L₹3.0 L
    20252026
    Baroda BNP Paribas NIFTY Midcap 150 IndexBaroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)HDFC NIFTY Midcap 150 ETFHDFC NIFTY Midcap 150 ETFAmount invested

    From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

    Baroda BNP Paribas NIFTY Midcap 150 Index vs HDFC NIFTY Midcap 150 ETF: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureBaroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)HDFC NIFTY Midcap 150 ETF
    Return (CAGR)−5.14%−4.59%
    Standard deviation16.52%16.68%
    Sharpe ratio-0.63-0.59
    Sortino ratio-0.84-0.79
    Maximum drawdown−14.0% (30-03-2026)−14.0% (31-03-2026)
    Beta1.001.00
    Alpha−0.79%−0.22%

    From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.

    Drawdowns

    How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

    −20%−15%−10%−5%0%
    20252026
    Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)HDFC NIFTY Midcap 150 ETFNifty Midcap 150 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)−18.8%16-12-202428-02-202509-06-20253 months−10.7%
    HDFC NIFTY Midcap 150 ETF−18.9%16-12-202428-02-202509-06-20253 months−10.5%
    Nifty Midcap 150 TRI−18.9%16-12-202428-02-202509-06-20253 months−10.5%

    From daily values since 06-11-2024, the first day every fund has.

    Rolling standard deviation

    Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%
    2026
    Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)HDFC NIFTY Midcap 150 ETFNifty Midcap 150 TRI

    Against Nifty Midcap 150 TRI

    FundUp captureDown captureTracking error
    Baroda BNP Paribas NIFTY Midcap 150 Index Fund (Direct)98%100%0.22%
    HDFC NIFTY Midcap 150 ETF99%100%0.04%

    From month-end values since 06-11-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.

    Baroda BNP Paribas NIFTY Midcap 150 Index vs HDFC NIFTY Midcap 150 ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: Baroda BNP Paribas NIFTY Midcap 150 Index Fund, September 2026; HDFC NIFTY Midcap 150 ETF, September 2026

    Holdings in common

    Overlap
    99.1%
    Held by both
    150
    Only in Baroda BNP Paribas NIFTY Midcap 150 Index
    0
    Only in HDFC NIFTY Midcap 150 ETF
    0
    Security% of Baroda BNP Paribas NIFTY Midcap 150 Index% of HDFC NIFTY Midcap 150 ETF
    Multi Commodity Exchange of India Limited2.01%2.07%
    The Federal Bank Limited1.92%1.93%
    Laurus Labs Limited1.89%1.90%
    One 97 Communications Limited1.72%1.78%
    Hero MotoCorp Limited1.70%1.68%
    The Indian Hotels Company Limited1.54%1.58%
    Coforge Limited1.48%1.50%
    Bharat Heavy Electricals Limited1.47%1.49%
    IndusInd Bank Limited1.47%1.46%
    AU Small Finance Bank Limited1.44%1.45%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.1% means 99.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.

    Largest holdings only in Baroda BNP Paribas NIFTY Midcap 150 Index Fund

    Every holding of this fund is also held by the other.

    Largest holdings only in HDFC NIFTY Midcap 150 ETF

    Every holding of this fund is also held by the other.

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetBaroda BNP Paribas NIFTY Midcap 150 IndexHDFC NIFTY Midcap 150 ETF
    Equity98.6%99.0%
    Debt0.0%0.0%
    Cash and others1.4%1.0%

    Market cap of stocks

    Market capBaroda BNP Paribas NIFTY Midcap 150 IndexHDFC NIFTY Midcap 150 ETF
    Large Cap5.6%5.7%
    Mid Cap90.4%90.8%
    Small Cap2.5%2.5%

    Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

    Largest sectors

    SectorBaroda BNP Paribas NIFTY Midcap 150 IndexHDFC NIFTY Midcap 150 ETF
    Pharmaceuticals & Biotechnology9.0%9.2%
    Banks8.6%8.7%
    Finance6.8%6.8%
    Electrical Equipment5.9%5.9%
    Retailing5.5%5.6%
    Capital Markets4.6%4.7%

    The six largest sectors of each fund's stocks, % of the fund.

    Baroda BNP Paribas NIFTY Midcap 150 Index vs HDFC NIFTY Midcap 150 ETF: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeBaroda BNP Paribas NIFTY Midcap 150 Index FundHDFC NIFTY Midcap 150 ETF
    Total expense ratio (Direct)0.58%Not available
    Base expense ratio (Direct)0.33%0.00%
    Total expense ratio (Regular)1.25%Not available
    Base expense ratio (Regular)0.90%0.17%

    The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.

    Baroda BNP Paribas NIFTY Midcap 150 Index Fund vs HDFC NIFTY Midcap 150 ETF: Frequently Asked Questions

    What is the difference between Baroda BNP Paribas NIFTY Midcap 150 Index Fund and HDFC NIFTY Midcap 150 ETF?

    Baroda BNP Paribas NIFTY Midcap 150 Index Fund is a mutual fund, HDFC NIFTY Midcap 150 ETF is an ETF fund, run by Baroda BNP Paribas Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 99.1%. Baroda BNP Paribas NIFTY Midcap 150 Index Fund charges 0.58% a year and HDFC NIFTY Midcap 150 ETF 0.25%.

    Which has given higher returns, Baroda BNP Paribas NIFTY Midcap 150 Index Fund or HDFC NIFTY Midcap 150 ETF?

    Over 1 year: Baroda BNP Paribas NIFTY Midcap 150 Index Fund −5.14%, HDFC NIFTY Midcap 150 ETF −4.59%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Baroda BNP Paribas NIFTY Midcap 150 Index Fund or HDFC NIFTY Midcap 150 ETF?

    HDFC NIFTY Midcap 150 ETF charges less: 0.25% a year against 0.58%. These are the total expense ratios reported to AMFI.

    How much do Baroda BNP Paribas NIFTY Midcap 150 Index Fund and HDFC NIFTY Midcap 150 ETF overlap?

    99.1%. They hold 150 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.

    Can I invest in both Baroda BNP Paribas NIFTY Midcap 150 Index Fund and HDFC NIFTY Midcap 150 ETF?

    Yes. 99.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.

    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.

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