Groww Nifty Midcap 150 Index Fund vs JM Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Nifty Midcap 150 Index Fund is an Index fund and JM Mid Cap Fund is a Mid Cap fund. Groww Nifty Midcap 150 Index Fund charges 0.54% a year and JM Mid Cap Fund 0.96% (Direct plans). Their portfolios overlap 34.5%: they hold 43 of the same securities.
Groww Nifty Midcap 150 Index Fund
Index
- Expense ratio
- 0.54%
- NAV
- ₹9.42
Which is better, Groww Nifty Midcap 150 Index or JM Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Nifty Midcap 150 Index costs less: 0.54% a year against 0.96% (Direct plans).
- Groww Nifty Midcap 150 Index fell less in its worst fall since 17-11-2025: −14.0% against −14.7%.
- JM Mid Cap is the larger fund: ₹1,303 Cr against ₹15 Cr.
- Their portfolios overlap 34.5%: 43 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 | Groww Nifty Midcap 150 Index Fund | JM Mid Cap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | JM Financial Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹15 Cr (30-09-2026) | ₹1,303 Cr (30-09-2026) |
| NAV | ₹9.42 (Direct) | ₹20.79 (Direct) |
| Expense ratio (Direct) | 0.54% | 0.96% |
| Expense ratio (Regular) | 1.18% | 2.47% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Next 50 TRI | Nifty Midcap 150 TRI |
| Launch date | 13-11-2025 | 21-11-2022 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Satish Ramanathan, Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar |
| Exit load | Nil | In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 180 days from the date of allotment, No Exit Load is payable if Units are redeemed / switched-out after 180 days from the date of allotment, No Entry / Exit Load shall be levied on units allotted on Reinvestment of Income Distribution cum Capital Withdrawal Option, In respect of Systematic Transactions such as SIP,STP, SWP, Exit Load, if any, prevailing on the date of registration / enrolment for SIP/STP/SWP shall be levied for all the opted Installments. |
Groww Nifty Midcap 150 Index vs JM Mid Cap: 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 Index Fund (Direct) | −3.72% | −8.68% | −4.31% | -- | -- | -- | -- |
| JM Mid Cap Fund (Direct) | −5.08% | −5.86% | +3.24% | −0.08% | +17.31% | -- | -- |
| 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.
Groww Nifty Midcap 150 Index vs JM Mid Cap: Year-wise Returns
| Year | Groww Nifty Midcap 150 IndexGroww Nifty Midcap 150 Index | JM Mid CapJM Mid Cap |
|---|---|---|
| 2026to date | −5.47% | +3.57% |
| 2025 | -- | −1.16% |
| 2024 | -- | +37.77% |
| 2023 | -- | +47.33% |
Groww Nifty Midcap 150 Index vs JM Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of Groww Nifty Midcap 150 Index Fund
Groww Nifty Midcap 150 Index vs JM Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty Midcap 150 Index Fund (Direct) | JM Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.67% | +20.35% |
| Standard deviation | 16.87% | 16.62% |
| Sharpe ratio | -0.71 | 0.85 |
| Sortino ratio | -0.94 | 1.15 |
| Maximum drawdown | −14.0% (31-03-2026) | −22.5% (28-02-2025) |
| Beta | 0.90 | 0.99 |
| Alpha | −4.69% | +4.21% |
From daily NAVs, 17-11-2025 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.
Groww Nifty Midcap 150 Index Fund (Direct)
JM Mid Cap Fund (Direct)
Nifty 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 Index Fund (Direct) | −14.0% | 07-01-2026 | 31-03-2026 | 07-05-2026 | 37 days | −10.7% |
| JM Mid Cap Fund (Direct) | −14.7% | 17-11-2025 | 23-03-2026 | 06-05-2026 | 44 days | −10.1% |
| Nifty Next 50 TRI | −14.4% | 26-02-2026 | 30-03-2026 | 21-04-2026 | 22 days | −9.3% |
From daily values since 17-11-2025, the first day every fund has.
Groww Nifty Midcap 150 Index vs JM Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Midcap 150 Index Fund, September 2026; JM Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 34.5%
- Held by both
- 43
- Only in Groww Nifty Midcap 150 Index
- 107
- Only in JM Mid Cap
- 29
| Security | % of Groww Nifty Midcap 150 Index | % of JM Mid Cap |
|---|---|---|
| Multi Commodity Exchange of India Ltd. | 2.08% | 2.28% |
| One 97 Communications Limited | 1.78% | 3.60% |
| Bharat Heavy Electricals Limited | 1.49% | 1.50% |
| AU Small Finance Bank Limited | 1.45% | 1.43% |
| Dixon Technologies (India) Limited | 1.34% | 1.47% |
| IDFC First Bank Limited | 1.33% | 2.84% |
| Bharat Forge Limited | 1.32% | 2.24% |
| Lenskart Solutions Limited | 1.24% | 2.21% |
| Aurobindo Pharma Limited | 1.14% | 1.85% |
| Ashok Leyland Limited | 1.09% | 2.27% |
| Marico Limited | 1.03% | 2.74% |
| Hero MotoCorp Limited | 1.68% | 1.01% |
| FSN E-Commerce Ventures Limited | 1.08% | 0.98% |
| The Indian Hotels Company Limited | 1.58% | 0.95% |
| SRF Limited | 0.89% | 1.61% |
| Glenmark Pharmaceuticals Limited | 0.87% | 2.66% |
| Radico Khaitan Limited | 0.84% | 1.51% |
| APAR INDUSTRIES LTD | 0.80% | 1.18% |
| Alkem Laboratories Limited | 0.77% | 0.99% |
| PB Fintech Limited | 0.93% | 0.74% |
| National Aluminium Company Limited | 0.75% | 0.73% |
| MphasiS Limited | 0.70% | 1.66% |
| Mankind Pharma Limited | 0.70% | 2.89% |
| 360 ONE WAM LIMITED | 0.67% | 1.58% |
| Piramal Finance Ltd | 0.66% | 1.11% |
| Billionbrains Garage Ventures Ltd. | 0.65% | 1.41% |
| TUBE INVESTMENTS OF INDIA LTD | 0.63% | 2.20% |
| Prestige Estates Projects Limited | 0.62% | 1.02% |
| SWIGGY LIMITED | 0.93% | 0.58% |
| WAAREE ENERGIES LIMITED | 0.56% | 1.08% |
| Mahindra & Mahindra Financial Serv Ltd. | 0.53% | 0.82% |
| JK Cement Limited | 0.52% | 1.81% |
| JSW Infrastructure Limited | 0.53% | 0.49% |
| Exide Industries Limited | 0.46% | 0.84% |
| Hindustan Petroleum Corporation Limited | 0.83% | 0.42% |
| Bank of Maharashtra | 0.40% | 2.81% |
| Motilal Oswal Financial Services Limited | 0.39% | 2.28% |
| Coromandel International Limited | 0.52% | 0.38% |
| Linde India Limited | 0.33% | 0.73% |
| Thermax Limited | 0.32% | 1.22% |
| Endurance Technologies Limited | 0.23% | 1.71% |
| Housing and Urban Development Corp. Ltd. | 0.21% | 0.58% |
| Godfrey Phillips India Limited | 0.19% | 2.86% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.5% means 34.5% 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 Index Fund
| Security | % of fund |
|---|---|
| The Federal Bank Limited | 1.94% |
| Laurus Labs Limited | 1.90% |
| Coforge Limited | 1.50% |
| IndusInd Bank Limited | 1.47% |
| PERSISTENT SYSTEMS LTD | 1.42% |
Largest holdings only in JM Mid Cap Fund
| Security | % of fund |
|---|---|
| AVALON TECHNOLOGIES LIMITED | 3.08% |
| Sona BLW Precision Forgings Limited | 2.39% |
| Acutaas Chemicals Limited | 2.28% |
| SYRMA SGS TECHNOLOGY LIMITED | 2.19% |
| Poonawalla Fincorp Limited | 1.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty Midcap 150 Index | JM Mid Cap |
|---|---|---|
| Equity | 99.1% | 98.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.9% | 1.6% |
Market cap of stocks
| Market cap | Groww Nifty Midcap 150 Index | JM Mid Cap |
|---|---|---|
| Large Cap | 5.7% | 4.9% |
| Mid Cap | 90.9% | 67.6% |
| Small Cap | 2.5% | 24.4% |
| Not on AMFI's list | 0.0% | 1.5% |
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 Index | JM Mid Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.2% | 12.4% |
| Auto Components | 4.6% | 10.1% |
| Electrical Equipment | 6.0% | 9.1% |
| Capital Markets | 4.7% | 8.7% |
| Banks | 8.7% | 7.9% |
| Finance | 6.8% | 4.2% |
| Retailing | 5.6% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Midcap 150 Index vs JM Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Midcap 150 Index Fund | JM Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 0.96% |
| Base expense ratio (Direct) | 0.34% | 0.57% |
| Total expense ratio (Regular) | 1.18% | 2.47% |
| Base expense ratio (Regular) | 0.90% | 1.87% |
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
Groww Nifty Midcap 150 Index Fund vs JM Mid Cap Fund: Frequently Asked Questions
What is the difference between Groww Nifty Midcap 150 Index Fund and JM Mid Cap Fund?
Groww Nifty Midcap 150 Index Fund is an Index fund, JM Mid Cap Fund is a Mid Cap fund, run by Groww Mutual Fund and JM Financial Mutual Fund. Their portfolios overlap 34.5%. Groww Nifty Midcap 150 Index Fund charges 0.54% a year and JM Mid Cap Fund 0.96%.
Which has the lower expense ratio, Groww Nifty Midcap 150 Index Fund or JM Mid Cap Fund?
Groww Nifty Midcap 150 Index Fund charges less: 0.54% a year against 0.96%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Nifty Midcap 150 Index Fund and JM Mid Cap Fund overlap?
34.5%. They hold 43 of the same securities, the largest shared ones being MCX, PAYTM, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty Midcap 150 Index Fund or JM Mid Cap Fund?
On SEBI's riskometer, Groww Nifty Midcap 150 Index Fund is rated Very High and JM Mid Cap Fund Very High. Over their common history, the standard deviation of daily returns was 16.87% and 16.62% a year.
Can I invest in both Groww Nifty Midcap 150 Index Fund and JM Mid Cap Fund?
Yes. 34.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Nifty Midcap 150 Index Fund and JM Mid Cap Fund?
Groww Nifty Midcap 150 Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar. JM Mid Cap Fund: Satish Ramanathan, Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar.
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.