Canara Robeco Mid Cap Fund vs LIC Mf NIFTY Midcap 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Canara Robeco Mid Cap Fund is a Mid Cap fund and LIC Mf NIFTY Midcap 100 ETF is an ETF fund. In the year to 30-10-2026, Canara Robeco Mid Cap Fund (Direct) returned −2.4% and LIC Mf NIFTY Midcap 100 ETF returned −4.6%. Canara Robeco Mid Cap Fund charges 0.91% a year and LIC Mf NIFTY Midcap 100 ETF 0.21%. Their portfolios overlap 36.8%: they hold 35 of the same securities.
Canara Robeco Mid Cap Fund
Mid Cap
- 1 year return
- −2.4%
- Expense ratio
- 0.91%
- NAV
- ₹18.04
LIC Mf NIFTY Midcap 100 ETF
ETF
- 1 year return
- −4.6%
- Expense ratio
- 0.21%
- NAV
- ₹57.54
Which is better, Canara Robeco Mid Cap or LIC Mf NIFTY Midcap 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Canara Robeco Mid Cap returned more over 1 year: −2.4% against −4.6%.
- LIC Mf NIFTY Midcap 100 ETF costs less: 0.21% a year against 0.91%.
- LIC Mf NIFTY Midcap 100 ETF fell less in its worst fall since 19-02-2024: −21.2% against −21.2%.
- Canara Robeco Mid Cap holds more in large companies: 17.1% of the fund in large caps against 6.7%.
- Canara Robeco Mid Cap is the larger fund: ₹4,993 Cr against ₹629 Cr.
- Their portfolios overlap 36.8%: 35 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
| Fact | Canara Robeco Mid Cap Fund | LIC Mf NIFTY Midcap 100 ETF |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | LIC Mutual Fund |
| Category | Mid Cap | ETF |
| AUM | ₹4,993 Cr (30-09-2026) | ₹629 Cr (30-09-2026) |
| NAV | ₹18.04 (Direct) | ₹57.54 |
| Expense ratio (Direct) | 0.91% | Not available |
| Expense ratio (Regular) | 2.13% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE Midcap 150 TRI | Nifty Midcap 100 TRI |
| Launch date | 02-12-2022 | 14-02-2024 |
| Minimum investment | ₹5,000 | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any |
| Lock in | None | None |
| Fund managers | Pranav Gokhale / Mr. Shridatta Bhandwaldar | Nikhil Kapoor, Sasikant Aravamuthan |
| Exit load | In respect of each purchase / switch-in of units,1% - if Units are redeemed / switched-out within 365 days from the date of allotment. Nil – if redeemed / switched out after 365 days from the date of allotment. | Nil |
Canara Robeco Mid Cap vs LIC Mf NIFTY Midcap 100 ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Canara Robeco Mid Cap Fund (Direct) | −3.63% | −5.65% | +0.22% | −2.43% | +15.43% | -- | -- |
| LIC Mf NIFTY Midcap 100 ETF | −3.39% | −8.75% | −4.23% | −4.56% | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
Canara Robeco Mid Cap vs LIC Mf NIFTY Midcap 100 ETF: Year-wise Returns
| Year | Canara Robeco Mid CapCanara Robeco Mid Cap | LIC Mf NIFTY Midcap 100 ETFLIC Mf NIFTY Midcap 100 ETF |
|---|---|---|
| 2026to date | −0.17% | −5.24% |
| 2025 | +5.73% | +6.12% |
| 2024 | +28.98% | -- |
| 2023 | +33.70% | -- |
Canara Robeco Mid Cap vs LIC Mf NIFTY Midcap 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 150 MidCap Index TRI, the benchmark of Canara Robeco Mid Cap Fund
Rolling returns
Every 1-year holding period, 416 of them, one for each trading day from 19-02-2025 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.
Canara Robeco Mid Cap Fund (Direct)
LIC Mf NIFTY Midcap 100 ETF
BSE 150 MidCap Index TRI
to
Apr 2025Jul 2024
to
Jul 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canara Robeco Mid Cap | 3.6 | 27.4 | 40.6 | 18.8 | 7.7 | 1.9 | 0.0 | 7.8% | 7.3% | −4.3% | 22.1% | 94% |
| LIC Mf NIFTY Midcap 100 ETF | 15.6 | 20.9 | 35.3 | 21.6 | 5.3 | 1.4 | 0.0 | 6.6% | 6.6% | −6.5% | 21.9% | 91% |
| BSE 150 MidCap Index TRI | 19.7 | 33.2 | 29.8 | 14.2 | 3.1 | 0.0 | 0.0 | 4.7% | 4.6% | −7.4% | 18.7% | -- |
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 BSE 150 MidCap Index 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 19-02-2024. Past returns do not promise future returns.
Canara Robeco Mid Cap vs LIC Mf NIFTY Midcap 100 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
₹10,000 on the first trading day of every month, from 01-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco Mid CapCanara Robeco Mid Cap Fund (Direct) | ₹3,30,000 | ₹3,52,257 | ₹22,257 | 4.7% |
| LIC Mf NIFTY Midcap 100 ETFLIC Mf NIFTY Midcap 100 ETF | ₹3,30,000 | ₹3,36,363 | ₹6,363 | 1.4% |
Canara Robeco Mid CapCanara Robeco Mid Cap Fund (Direct)
LIC Mf NIFTY Midcap 100 ETFLIC Mf NIFTY Midcap 100 ETF
Amount 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.
Canara Robeco Mid Cap vs LIC Mf NIFTY Midcap 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Mid Cap Fund (Direct) | LIC Mf NIFTY Midcap 100 ETF |
|---|---|---|
| Return (CAGR) | −2.43% | −4.56% |
| Standard deviation | 16.46% | 17.08% |
| Sharpe ratio | -0.47 | -0.57 |
| Sortino ratio | -0.63 | -0.76 |
| Maximum drawdown | −13.6% (23-03-2026) | −14.2% (31-03-2026) |
| Beta | 0.98 | 1.00 |
| Alpha | +2.55% | −0.51% |
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.
| Measure | Canara Robeco Mid Cap Fund (Direct) | LIC Mf NIFTY Midcap 100 ETF |
|---|---|---|
| Return (CAGR) | +16.31% | +5.93% |
| Standard deviation | 14.89% | 18.21% |
| Sharpe ratio | 0.68 | 0.00 |
| Sortino ratio | 0.93 | 0.00 |
| Maximum drawdown | −21.2% (28-02-2025) | −21.2% (28-02-2025) |
| Beta | 0.89 | 1.00 |
| Alpha | +2.18% | −0.43% |
From daily NAVs, 06-12-2022 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.
Canara Robeco Mid Cap Fund (Direct)
LIC Mf NIFTY Midcap 100 ETF
BSE 150 MidCap Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Canara Robeco Mid Cap Fund (Direct) | −21.2% | 24-09-2024 | 28-02-2025 | 20-08-2025 | 6 months | −9.1% |
| LIC Mf NIFTY Midcap 100 ETF | −21.2% | 24-09-2024 | 28-02-2025 | 12-11-2025 | 8 months | −11.0% |
| BSE 150 MidCap Index TRI | −21.8% | 24-09-2024 | 28-02-2025 | 10-07-2026 | 16 months | −10.6% |
From daily values since 19-02-2024, 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.
Canara Robeco Mid Cap Fund (Direct)
LIC Mf NIFTY Midcap 100 ETF
BSE 150 MidCap Index TRI
Against BSE 150 MidCap Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco Mid Cap Fund (Direct) | 104% | 89% | 3.67% |
| LIC Mf NIFTY Midcap 100 ETF | 105% | 105% | 2.57% |
From month-end values since 19-02-2024. 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.
Canara Robeco Mid Cap vs LIC Mf NIFTY Midcap 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Mid Cap Fund, September 2026; LIC Mf NIFTY Midcap 100 ETF, September 2026
Holdings in common
- Overlap
- 36.8%
- Held by both
- 35
- Only in Canara Robeco Mid Cap
- 25
- Only in LIC Mf NIFTY Midcap 100 ETF
- 65
| Security | % of Canara Robeco Mid Cap | % of LIC Mf NIFTY Midcap 100 ETF |
|---|---|---|
| Multi Commodity Exchange Of India Ltd | 3.19% | 2.62% |
| One 97 Communications Ltd | 2.45% | 2.20% |
| Bharat Heavy Electricals Ltd | 2.68% | 1.88% |
| Coforge Ltd | 1.87% | 1.89% |
| Persistent Systems Ltd | 2.18% | 1.79% |
| Ge Vernova T&D India Ltd | 1.69% | 1.62% |
| Info Edge (India) Ltd | 1.57% | 1.45% |
| IndusInd Bank Ltd | 1.34% | 1.85% |
| Dixon Technologies (India) Ltd | 1.33% | 1.69% |
| Indus Towers Ltd | 1.23% | 1.49% |
| Max Financial Services Ltd | 2.13% | 1.13% |
| Phoenix Mills Ltd | 2.06% | 1.12% |
| SRF Ltd | 1.72% | 1.11% |
| Swiggy Ltd | 1.48% | 1.10% |
| Radico Khaitan Ltd | 1.71% | 1.06% |
| Hindustan Petroleum Corporation Ltd | 1.81% | 1.04% |
| Apar Industries Ltd | 1.96% | 1.02% |
| Vishal Mega Mart Ltd | 1.75% | 0.87% |
| KEI Industries Ltd | 1.25% | 0.86% |
| Bharat Forge Ltd | 0.86% | 1.59% |
| NHPC Ltd | 1.39% | 0.85% |
| 360 One Wam Ltd | 1.87% | 0.83% |
| Biocon Ltd | 1.48% | 0.82% |
| National Aluminium Co Ltd | 0.81% | 0.95% |
| MRF Ltd | 0.93% | 0.79% |
| Prestige Estates Projects Ltd | 1.42% | 0.78% |
| Lenskart Solutions Ltd | 3.01% | 0.71% |
| L&T Finance Ltd | 1.80% | 0.70% |
| Meesho Ltd | 2.20% | 0.64% |
| Bank Of Maharashtra | 2.24% | 0.49% |
| Blue Star Ltd | 0.45% | 0.62% |
| Billionbrains Garage Ventures Ltd | 1.77% | 0.44% |
| Cochin Shipyard Ltd | 0.98% | 0.35% |
| Premier Energies Ltd | 2.28% | 0.32% |
| Federal Bank Ltd | 0.32% | 2.43% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.8% means 36.8% 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 Canara Robeco Mid Cap Fund
| Security | % of fund |
|---|---|
| Global Health Ltd | 2.56% |
| Eternal Ltd | 2.43% |
| Shriram Finance Ltd | 2.19% |
| Indo Mim Ltd | 1.97% |
| Varun Beverages Ltd | 1.86% |
Largest holdings only in LIC Mf NIFTY Midcap 100 ETF
| Security | % of fund |
|---|---|
| Laurus Labs Ltd. | 2.39% |
| Hero MotoCorp Ltd. | 2.11% |
| The Indian Hotels Company Ltd. | 1.92% |
| AU Small Finance Bank Ltd. | 1.78% |
| IDFC First Bank Ltd. | 1.68% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Mid Cap | LIC Mf NIFTY Midcap 100 ETF |
|---|---|---|
| Equity | 97.5% | 99.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.5% | 0.6% |
Market cap of stocks
| Market cap | Canara Robeco Mid Cap | LIC Mf NIFTY Midcap 100 ETF |
|---|---|---|
| Large Cap | 17.1% | 6.7% |
| Mid Cap | 69.7% | 91.1% |
| Small Cap | 8.7% | 1.6% |
| Not on AMFI's list | 2.0% | 0.0% |
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
| Sector | Canara Robeco Mid Cap | LIC Mf NIFTY Midcap 100 ETF |
|---|---|---|
| Retailing | 12.4% | 6.1% |
| Banks | 5.7% | 10.8% |
| Electrical Equipment | 10.1% | 7.0% |
| Capital Markets | 8.5% | 4.8% |
| Pharmaceuticals & Biotechnology | 4.1% | 8.2% |
| Chemicals & Petrochemicals | 5.6% | 1.1% |
| IT - Software | 4.0% | 5.3% |
| Consumer Durables | 1.8% | 5.1% |
| Healthcare Services | 4.2% | 1.3% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco Mid Cap vs LIC Mf NIFTY Midcap 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Mid Cap Fund | LIC Mf NIFTY Midcap 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.91% | Not available |
| Base expense ratio (Direct) | 0.55% | 0.00% |
| Total expense ratio (Regular) | 2.13% | Not available |
| Base expense ratio (Regular) | 1.61% | 0.13% |
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.
More comparisons
Each fund against the others of its category
Canara Robeco Mid Cap Fund vs LIC Mf NIFTY Midcap 100 ETF: Frequently Asked Questions
What is the difference between Canara Robeco Mid Cap Fund and LIC Mf NIFTY Midcap 100 ETF?
Canara Robeco Mid Cap Fund is a Mid Cap fund, LIC Mf NIFTY Midcap 100 ETF is an ETF fund, run by Canara Robeco Mutual Fund and LIC Mutual Fund. Their portfolios overlap 36.8%. Canara Robeco Mid Cap Fund charges 0.91% a year and LIC Mf NIFTY Midcap 100 ETF 0.21%.
Which has given higher returns, Canara Robeco Mid Cap Fund or LIC Mf NIFTY Midcap 100 ETF?
Over 1 year: Canara Robeco Mid Cap Fund −2.43%, LIC Mf NIFTY Midcap 100 ETF −4.56%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Canara Robeco Mid Cap Fund or LIC Mf NIFTY Midcap 100 ETF?
LIC Mf NIFTY Midcap 100 ETF charges less: 0.21% a year against 0.91%. These are the total expense ratios reported to AMFI.
How much do Canara Robeco Mid Cap Fund and LIC Mf NIFTY Midcap 100 ETF overlap?
36.8%. They hold 35 of the same securities, the largest shared ones being MCX, PAYTM, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Mid Cap Fund or LIC Mf NIFTY Midcap 100 ETF?
On SEBI's riskometer, Canara Robeco Mid Cap Fund is rated Very High and LIC Mf NIFTY Midcap 100 ETF Very High. Over 1 years, the standard deviation of daily returns was 16.46% and 17.08% a year.
Can I invest in both Canara Robeco Mid Cap Fund and LIC Mf NIFTY Midcap 100 ETF?
Yes. 36.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Canara Robeco Mid Cap Fund and LIC Mf NIFTY Midcap 100 ETF?
Canara Robeco Mid Cap Fund: Pranav Gokhale / Mr. Shridatta Bhandwaldar. LIC Mf NIFTY Midcap 100 ETF: Nikhil Kapoor, Sasikant Aravamuthan.
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.