Groww Nifty Midcap 150 ETF vs Mirae Asset Nifty Midcap 150 ETF

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

Groww Nifty Midcap 150 ETF is an ETF fund and Mirae Asset Nifty Midcap 150 ETF is an ETF fund. Groww Nifty Midcap 150 ETF charges 0.32% a year and Mirae Asset Nifty Midcap 150 ETF 0.17%. Their portfolios overlap 99.8%: they hold 150 of the same securities.

Groww Nifty Midcap 150 ETF

ETF

Expense ratio: 0.32%
NAV: ₹210.96

See Groww Nifty Midcap 150 ETF

Mirae Asset Nifty Midcap 150 ETF

ETF

Expense ratio: 0.17%
NAV: ₹21.54

See Mirae Asset Nifty Midcap 150 ETF

Which is better, Groww Nifty Midcap 150 ETF or Mirae Asset 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.

Mirae Asset Nifty Midcap 150 ETF costs less: 0.17% a year against 0.32%.
Groww Nifty Midcap 150 ETF fell less in its worst fall since 14-11-2025: −13.9% against −13.9%.
Mirae Asset Nifty Midcap 150 ETF is the larger fund: ₹1,818 Cr against ₹6 Cr.
Their portfolios overlap 99.8%: 150 of the same holdings.

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

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

Groww Nifty Midcap 150 ETF
−5.5%
Mirae Asset Nifty Midcap 150 ETF
−5.3%

Change in NAV from 14-11-2025 to 30-10-2026

−10%−5%0%+5%+10%

Key facts

From each fund's scheme summary document and AMFI

Fact	Groww Nifty Midcap 150 ETF	Mirae Asset Nifty Midcap 150 ETF
Fund house	Groww Mutual Fund	Mirae Asset Mutual Fund
Category	ETF	ETF
AUM	₹6 Cr (30-09-2026)	₹1,818 Cr (30-09-2026)
NAV	₹210.96	₹21.54
Expense ratio (Direct)	Not available	Not available
Expense ratio (Regular)	Not available	Not available
Riskometer	Very High	Very High
Benchmark	Nifty Next 50 TRI	Nifty Midcap 150 TRI
Launch date	13-11-2025	09-03-2022
Minimum investment	1 Unit	On exchange In multiple of 1 units Directly with AMC In multiple of 4,00,000 units Directly with AMC In multiple of 4,00,000 units
Lock in	None	None
Fund managers	Aakash Chauhan, Nikhil Satam, Shashi Kumar	Ekta Gala, amp, Ritesh Patel
Exit load	Nil	NIL

Groww Nifty Midcap 150 ETF vs Mirae Asset 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.

Fund	1M	3M	6M	1Y	3Y	5Y	10Y
Groww Nifty Midcap 150 ETF	−3.70%	−8.63%	−4.22%	--	--	--	--
Mirae Asset Nifty Midcap 150 ETF	−3.68%	−8.53%	−4.01%	−4.44%	+13.72%	--	--

Groww Nifty Midcap 150 ETF vs Mirae Asset Nifty Midcap 150 ETF: Year-wise Returns

Year	GrowwGroww Nifty Midcap 150 ETF	Mirae AssetMirae Asset Nifty Midcap 150 ETF
2026to date	−5.30%	−5.04%
2025	--	+5.93%
2024	--	+24.32%
2023	--	+44.35%

Groww Nifty Midcap 150 ETF vs Mirae Asset Nifty Midcap 150 ETF: Rolling Returns

Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of Groww Nifty Midcap 150 ETF

Groww Nifty Midcap 150 ETF vs Mirae Asset Nifty Midcap 150 ETF: Risk and Drawdowns

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

Risk and return

Measure	Groww Nifty Midcap 150 ETF	Mirae Asset Nifty Midcap 150 ETF
Return (CAGR)	−5.77%	+16.66%
Standard deviation	16.86%	16.13%
Sharpe ratio	-0.65	0.66
Sortino ratio	-0.87	0.89
Maximum drawdown	−13.9% (31-03-2026)	−21.0% (28-02-2025)
Beta	0.90	1.00
Alpha	−4.32%	−0.15%

From daily NAVs, 14-11-2025 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.

−15%−10%−5%0%

2026

Groww Nifty Midcap 150 ETFMirae Asset Nifty Midcap 150 ETFNifty Next 50 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Groww Nifty Midcap 150 ETF	−13.9%	07-01-2026	31-03-2026	07-05-2026	37 days	−10.7%
Mirae Asset Nifty Midcap 150 ETF	−13.9%	07-01-2026	30-03-2026	07-05-2026	38 days	−10.6%
Nifty Next 50 TRI	−14.4%	26-02-2026	30-03-2026	21-04-2026	22 days	−9.3%

From daily values since 14-11-2025, the first day every fund has.

Groww Nifty Midcap 150 ETF vs Mirae Asset Nifty Midcap 150 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: Groww Nifty Midcap 150 ETF, September 2026; Mirae Asset Nifty Midcap 150 ETF, September 2026

Holdings in common

Overlap: 99.8%
Held by both: 150
Only in Groww Nifty Midcap 150 ETF: 0
Only in Mirae Asset Nifty Midcap 150 ETF: 0

Security	% of Groww Nifty Midcap 150 ETF	% of Mirae Asset Nifty Midcap 150 ETF
Multi Commodity Exchange of India Ltd.	2.07%	2.07%
The Federal Bank Limited	1.93%	1.93%
Laurus Labs Limited	1.90%	1.90%
One 97 Communications Limited	1.78%	1.78%
Hero MotoCorp Limited	1.68%	1.68%
The Indian Hotels Company Limited	1.58%	1.58%
Coforge Limited	1.50%	1.50%
Bharat Heavy Electricals Limited	1.49%	1.49%
IndusInd Bank Limited	1.47%	1.46%
AU Small Finance Bank Limited	1.45%	1.45%
PERSISTENT SYSTEMS LTD	1.42%	1.41%
Dixon Technologies (India) Limited	1.35%	1.34%
IDFC First Bank Limited	1.33%	1.33%
Bharat Forge Limited	1.32%	1.32%
GE Vernova T&D India Limited	1.28%	1.28%
Lenskart Solutions Limited	1.24%	1.24%
Life Insurance Corporation Of India	1.24%	1.23%
Lupin Limited	1.21%	1.21%
Suzlon Energy Limited	1.19%	1.18%
Indus Towers Limited	1.19%	1.18%
Info Edge (India) Limited	1.17%	1.16%
Aurobindo Pharma Limited	1.14%	1.14%
Ashok Leyland Limited	1.09%	1.09%
FSN E-Commerce Ventures Limited	1.08%	1.08%
Marico Limited	1.03%	1.03%
Fortis Healthcare Limited	0.99%	0.99%
United Spirits Limited	0.99%	0.99%
APL Apollo Tubes Limited	0.98%	0.98%
ICICI Lombard General Insurance Company	0.95%	0.95%
Embassy Office Parks REIT	0.94%	0.94%
PB Fintech Limited	0.93%	0.93%
SWIGGY LIMITED	0.93%	0.93%
REC Limited	0.92%	0.92%
Yes Bank Ltd	0.91%	0.91%
Max Financial Services Limited	0.90%	0.90%
The Phoenix Mills Limited	0.89%	0.89%
SRF Limited	0.88%	0.88%
Glenmark Pharmaceuticals Limited	0.87%	0.87%
Radico Khaitan Limited	0.84%	0.84%
Lodha Developers Limited	0.83%	0.83%
Hindustan Petroleum Corporation Limited	0.83%	0.83%
GMR Airports Limited	0.81%	0.81%
Aditya Birla Capital Limited	0.80%	0.80%
APAR INDUSTRIES LTD	0.78%	0.80%
Alkem Laboratories Limited	0.76%	0.77%
National Aluminium Company Limited	0.75%	0.75%
JSW Energy Limited	0.75%	0.75%
UPL Limited	0.75%	0.75%
Sundaram Finance Limited	0.74%	0.74%
Shree Cement Limited	0.70%	0.74%
MphasiS Limited	0.70%	0.70%
Indian Bank	0.70%	0.70%
Vishal Mega Mart Limited	0.70%	0.70%
Mankind Pharma Limited	0.70%	0.70%
NHPC Limited	0.68%	0.68%
KEI Industries Limited	0.67%	0.68%
360 ONE WAM LIMITED	0.67%	0.67%
IPCA Laboratories Limited	0.66%	0.66%
Piramal Finance Ltd	0.66%	0.66%
NMDC Limited	0.65%	0.65%
Billionbrains Garage Ventures Ltd.	0.65%	0.65%
Steel Authority of India Limited	0.65%	0.65%
Biocon Limited	0.64%	0.64%
Lloyds Metals And Energy Limited	0.63%	0.64%
Havells India Limited	0.63%	0.63%
MRF Limited	0.62%	0.63%
TUBE INVESTMENTS OF INDIA LTD	0.62%	0.62%
Oracle Financial Services Software	0.62%	0.63%
Prestige Estates Projects Limited	0.62%	0.62%
Oil India Limited	0.60%	0.60%
Voltas Limited	0.60%	0.60%
Torrent Power Limited	0.58%	0.58%
Jindal Stainless Limited	0.58%	0.58%
Colgate Palmolive (India) Limited	0.57%	0.57%
WAAREE ENERGIES LIMITED	0.56%	0.56%
L&T Finance Limited	0.56%	0.56%
Dabur India Limited	0.55%	0.55%
Supreme Industries Limited	0.54%	0.55%
Page Industries Limited	0.54%	0.57%
Godrej Properties Limited	0.54%	0.54%
Mahindra & Mahindra Financial Serv Ltd.	0.53%	0.53%
Petronet LNG Limited	0.53%	0.53%
JSW Infrastructure Limited	0.52%	0.52%
KALYAN JEWELLERS INDIA LIMITED	0.52%	0.52%
UNO Minda Limited	0.52%	0.52%
JK Cement Limited	0.52%	0.52%
Coromandel International Limited	0.52%	0.52%
Meesho Limited	0.52%	0.51%
Oberoi Realty Limited	0.51%	0.51%
BLUE STAR LTD	0.49%	0.49%
Tata Communications Limited	0.48%	0.48%
Nippon Life India Asset Management Ltd	0.48%	0.48%
Exide Industries Limited	0.46%	0.46%
PI Industries Limited	0.46%	0.46%
Aster DM Healthcare Limited	0.46%	0.46%
ITC Hotels Limited	0.45%	0.45%
Gujarat Fluorochemicals Limited	0.45%	0.46%
ICICI Prudential AMC Ltd	0.45%	0.45%
Hindustan Copper Limited	0.45%	0.45%
Jubilant Foodworks Limited	0.44%	0.44%
ICICI Prudential Life Insurance Company	0.43%	0.43%
LG Electronics India Limited	0.43%	0.43%
SBI Cards and Payment Services Limited	0.42%	0.42%
Balkrishna Industries Limited	0.42%	0.42%
Astral Limited	0.41%	0.41%
Adani Total Gas Limited	0.41%	0.41%
Ajanta Pharma Limited	0.40%	0.41%
Bank of Maharashtra	0.40%	0.40%
LIC Housing Finance Limited	0.39%	0.39%
Motilal Oswal Financial Services Limited	0.39%	0.39%
Bank of India	0.39%	0.39%
Schaeffler India Ltd	0.38%	0.39%
Container Corporation of India Limited	0.38%	0.38%
AIA Engineering Limited	0.37%	0.37%
Authum Investment & Infrastructure Ltd.	0.36%	0.36%
Indian Railway Catering & Tourism Corp	0.34%	0.34%
Dalmia Bharat Limited	0.33%	0.33%
HDB Financial Services Limited	0.33%	0.32%
Linde India Limited	0.32%	0.33%
General Insurance Corporation of India	0.32%	0.32%
Thermax Limited	0.32%	0.32%
Berger Paints (I) Limited	0.32%	0.32%
Abbott India Limited	0.31%	0.35%
Cochin Shipyard Limited	0.31%	0.31%
Premier Energies Limited	0.31%	0.31%
Patanjali Foods Limited	0.31%	0.31%
Narayana Hrudayalaya Limited	0.30%	0.30%
K.P.R. Mill Ltd	0.30%	0.30%
GLOBAL HEALTH LIMITED	0.30%	0.30%
Rail Vikas Nigam Limited	0.28%	0.28%
GlaxoSmithKline Pharmaceuticals Ltd	0.28%	0.28%
CRISIL Limited	0.27%	0.27%
Bharti Hexacom Limited	0.26%	0.26%
Bharat Dynamics Limited	0.25%	0.25%
Neyveli Lignite Corporation Ltd.	0.23%	0.23%
Endurance Technologies Limited	0.23%	0.23%
Anthem Biosciences Limited	0.23%	0.23%
Bajaj Housing Finance Ltd	0.22%	0.22%
Escorts Kubota Limited	0.22%	0.22%
L&T Technology Services Ltd	0.22%	0.22%
Indian Renewable Energy Dev Agency Ltd	0.22%	0.22%
NTPC Green Energy Limited	0.21%	0.21%
Housing and Urban Development Corp. Ltd.	0.21%	0.21%
United Breweries Limited	0.21%	0.21%
Tata Investment Corporation Ltd.	0.20%	0.20%
Godfrey Phillips India Limited	0.19%	0.19%
Hexaware Technologies Limited	0.18%	0.18%
Fertilizers and Chemicals Travancore Ltd	0.12%	0.12%
Indian Overseas Bank	0.11%	0.11%
Godrej Industries Ltd	0.11%	0.11%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.8% means 99.8% 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 Groww Nifty Midcap 150 ETF

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

Largest holdings only in Mirae Asset 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

Asset	Groww Nifty Midcap 150 ETF	Mirae Asset Nifty Midcap 150 ETF
Equity	98.9%	99.0%
Debt	0.0%	0.0%
Cash and others	1.1%	1.0%

Market cap of stocks

Market cap	Groww Nifty Midcap 150 ETF	Mirae Asset Nifty Midcap 150 ETF
Large Cap	5.7%	5.7%
Mid Cap	90.7%	90.8%
Small Cap	2.5%	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

Sector	Groww Nifty Midcap 150 ETF	Mirae Asset Nifty Midcap 150 ETF
Pharmaceuticals & Biotechnology	9.1%	9.2%
Banks	8.7%	8.7%
Finance	6.8%	6.8%
Electrical Equipment	5.9%	6.0%
Retailing	5.6%	5.6%
Capital Markets	4.7%	4.7%

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

Groww Nifty Midcap 150 ETF vs Mirae Asset Nifty Midcap 150 ETF: Expense Ratio

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

Charge	Groww Nifty Midcap 150 ETF	Mirae Asset Nifty Midcap 150 ETF
Base expense ratio (Direct)	0.21%	0.00%
Base expense ratio (Regular)	0.00%	0.05%

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.

Groww Nifty Midcap 150 ETF vs Mirae Asset Nifty Midcap 150 ETF: Frequently Asked Questions

What is the difference between Groww Nifty Midcap 150 ETF and Mirae Asset Nifty Midcap 150 ETF?

Groww Nifty Midcap 150 ETF is an ETF fund, Mirae Asset Nifty Midcap 150 ETF is an ETF fund, run by Groww Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 99.8%. Groww Nifty Midcap 150 ETF charges 0.32% a year and Mirae Asset Nifty Midcap 150 ETF 0.17%.

Which has the lower expense ratio, Groww Nifty Midcap 150 ETF or Mirae Asset Nifty Midcap 150 ETF?

Mirae Asset Nifty Midcap 150 ETF charges less: 0.17% a year against 0.32%. These are the total expense ratios reported to AMFI.

How much do Groww Nifty Midcap 150 ETF and Mirae Asset Nifty Midcap 150 ETF overlap?

99.8%. They hold 150 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.

Which is riskier, Groww Nifty Midcap 150 ETF or Mirae Asset Nifty Midcap 150 ETF?

On SEBI's riskometer, Groww Nifty Midcap 150 ETF is rated Very High and Mirae Asset Nifty Midcap 150 ETF Very High. Over their common history, the standard deviation of daily returns was 16.86% and 16.13% a year.

Can I invest in both Groww Nifty Midcap 150 ETF and Mirae Asset Nifty Midcap 150 ETF?

Yes. 99.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

Who manages Groww Nifty Midcap 150 ETF and Mirae Asset Nifty Midcap 150 ETF?

Groww Nifty Midcap 150 ETF: Aakash Chauhan, Nikhil Satam, Shashi Kumar. Mirae Asset Nifty Midcap 150 ETF: Ekta Gala, amp, Ritesh Patel.

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.