Groww Nifty Midcap 150 Index Fund vs SBI Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Nifty Midcap 150 Index Fund is an Index fund and SBI Midcap Fund is a Mid Cap fund. Groww Nifty Midcap 150 Index Fund charges 0.54% a year and SBI Midcap Fund 1.03% (Direct plans). Their portfolios overlap 29.4%: they hold 40 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 SBI Midcap? 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 1.03% (Direct plans).
- SBI Midcap fell less in its worst fall since 17-11-2025: −13.1% against −14.0%.
- SBI Midcap is the larger fund: ₹23,282 Cr against ₹15 Cr.
- Their portfolios overlap 29.4%: 40 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 | SBI Midcap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | SBI Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹15 Cr (30-09-2026) | ₹23,282 Cr (30-09-2026) |
| NAV | ₹9.42 (Direct) | ₹249.78 (Direct) |
| Expense ratio (Direct) | 0.54% | 1.03% |
| Expense ratio (Regular) | 1.18% | 1.81% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Next 50 TRI | Nifty Midcap 150 TRI |
| Launch date | 13-11-2025 | 29-03-2005 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Bhavin Vithlani |
| Exit load | Nil | Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days. |
Groww Nifty Midcap 150 Index vs SBI Midcap: 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% | -- | -- | -- | -- |
| SBI Midcap Fund (Direct) | −4.57% | −8.85% | −5.14% | −5.01% | +8.94% | +11.17% | +12.82% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Groww Nifty Midcap 150 Index vs SBI Midcap: Year-wise Returns
| Year | Groww Nifty Midcap 150 IndexGroww Nifty Midcap 150 Index | SBI MidcapSBI Midcap |
|---|---|---|
| 2026to date | −5.47% | −5.94% |
| 2025 | -- | +1.20% |
| 2024 | -- | +21.41% |
| 2023 | -- | +35.67% |
| 2022 | -- | +3.95% |
| 2021 | -- | +53.63% |
Groww Nifty Midcap 150 Index vs SBI Midcap: 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 SBI Midcap: 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) | SBI Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.67% | +17.15% |
| Standard deviation | 16.87% | 14.97% |
| Sharpe ratio | -0.71 | 0.74 |
| Sortino ratio | -0.94 | 0.99 |
| Maximum drawdown | −14.0% (31-03-2026) | −43.0% (24-03-2020) |
| Beta | 0.90 | -- |
| Alpha | −4.69% | -- |
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)
SBI Midcap 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% |
| SBI Midcap Fund (Direct) | −13.1% | 05-01-2026 | 31-03-2026 | 06-05-2026 | 36 days | −10.2% |
| 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 SBI Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Midcap 150 Index Fund, September 2026; SBI Midcap Fund, September 2026
Holdings in common
- Overlap
- 29.4%
- Held by both
- 40
- Only in Groww Nifty Midcap 150 Index
- 110
- Only in SBI Midcap
- 17
| Security | % of Groww Nifty Midcap 150 Index | % of SBI Midcap |
|---|---|---|
| Multi Commodity Exchange of India Ltd. | 2.08% | 3.12% |
| The Federal Bank Limited | 1.94% | 2.45% |
| Bharat Heavy Electricals Limited | 1.49% | 2.68% |
| Bharat Forge Limited | 1.32% | 2.23% |
| Lupin Limited | 1.22% | 1.83% |
| Indus Towers Limited | 1.19% | 1.51% |
| Aurobindo Pharma Limited | 1.14% | 2.18% |
| FSN E-Commerce Ventures Limited | 1.08% | 2.47% |
| One 97 Communications Limited | 1.78% | 0.99% |
| ICICI Lombard General Insurance Company | 0.96% | 2.73% |
| SWIGGY LIMITED | 0.93% | 1.93% |
| The Phoenix Mills Limited | 0.89% | 1.66% |
| SRF Limited | 0.89% | 2.87% |
| Fortis Healthcare Limited | 0.99% | 0.84% |
| JSW Energy Limited | 0.75% | 1.01% |
| Sundaram Finance Limited | 0.74% | 2.61% |
| Shree Cement Limited | 0.74% | 2.40% |
| 360 ONE WAM LIMITED | 0.67% | 1.59% |
| Billionbrains Garage Ventures Ltd. | 0.65% | 1.10% |
| Biocon Limited | 0.64% | 2.48% |
| Torrent Power Limited | 0.58% | 3.48% |
| Colgate Palmolive (India) Limited | 0.57% | 1.36% |
| Page Industries Limited | 0.56% | 1.65% |
| Supreme Industries Limited | 0.55% | 2.96% |
| Mahindra & Mahindra Financial Serv Ltd. | 0.53% | 1.09% |
| JSW Infrastructure Limited | 0.53% | 1.33% |
| JK Cement Limited | 0.52% | 1.09% |
| Oberoi Realty Limited | 0.51% | 2.05% |
| PI Industries Limited | 0.46% | 1.49% |
| ICICI Prudential Life Insurance Company | 0.43% | 1.91% |
| Schaeffler India Ltd | 0.39% | 1.51% |
| AIA Engineering Limited | 0.37% | 1.16% |
| Dalmia Bharat Limited | 0.33% | 1.66% |
| HDB Financial Services Limited | 0.33% | 1.87% |
| Berger Paints (I) Limited | 0.32% | 2.23% |
| GlaxoSmithKline Pharmaceuticals Ltd | 0.28% | 1.40% |
| Thermax Limited | 0.32% | 0.27% |
| CRISIL Limited | 0.27% | 2.87% |
| Anthem Biosciences Limited | 0.23% | 1.59% |
| L&T Technology Services Ltd | 0.22% | 0.69% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.4% means 29.4% 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 |
|---|---|
| Laurus Labs Limited | 1.90% |
| Hero MotoCorp Limited | 1.68% |
| The Indian Hotels Company Limited | 1.58% |
| Coforge Limited | 1.50% |
| IndusInd Bank Limited | 1.47% |
Largest holdings only in SBI Midcap Fund
| Security | % of fund |
|---|---|
| Urban Company Ltd. | 2.35% |
| Siemens Ltd. | 2.25% |
| Grindwell Norton Ltd. | 2.14% |
| Sundram Fasteners Ltd. | 1.95% |
| Motherson Sumi Wiring India Ltd. | 1.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty Midcap 150 Index | SBI Midcap |
|---|---|---|
| Equity | 99.1% | 97.0% |
| Debt | 0.0% | 0.8% |
| Cash and others | 0.9% | 2.2% |
Market cap of stocks
| Market cap | Groww Nifty Midcap 150 Index | SBI Midcap |
|---|---|---|
| Large Cap | 5.7% | 12.4% |
| Mid Cap | 90.9% | 67.1% |
| Small Cap | 2.5% | 17.6% |
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 | SBI Midcap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.2% | 9.5% |
| Banks | 8.7% | 2.5% |
| Finance | 6.8% | 8.4% |
| Industrial Products | 3.0% | 7.8% |
| Auto Components | 4.6% | 7.5% |
| Retailing | 5.6% | 6.8% |
| Power | 2.5% | 6.2% |
| Electrical Equipment | 6.0% | 5.9% |
| Capital Markets | 4.7% | 5.8% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Midcap 150 Index vs SBI Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Midcap 150 Index Fund | SBI Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 1.03% |
| Base expense ratio (Direct) | 0.34% | 0.73% |
| Total expense ratio (Regular) | 1.18% | 1.81% |
| Base expense ratio (Regular) | 0.90% | 1.40% |
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 SBI Midcap Fund: Frequently Asked Questions
What is the difference between Groww Nifty Midcap 150 Index Fund and SBI Midcap Fund?
Groww Nifty Midcap 150 Index Fund is an Index fund, SBI Midcap Fund is a Mid Cap fund, run by Groww Mutual Fund and SBI Mutual Fund. Their portfolios overlap 29.4%. Groww Nifty Midcap 150 Index Fund charges 0.54% a year and SBI Midcap Fund 1.03%.
Which has the lower expense ratio, Groww Nifty Midcap 150 Index Fund or SBI Midcap Fund?
Groww Nifty Midcap 150 Index Fund charges less: 0.54% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Nifty Midcap 150 Index Fund and SBI Midcap Fund overlap?
29.4%. They hold 40 of the same securities, the largest shared ones being MCX, FEDERALBNK, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty Midcap 150 Index Fund or SBI Midcap Fund?
On SEBI's riskometer, Groww Nifty Midcap 150 Index Fund is rated Very High and SBI Midcap Fund Very High. Over their common history, the standard deviation of daily returns was 16.87% and 14.97% a year.
Can I invest in both Groww Nifty Midcap 150 Index Fund and SBI Midcap Fund?
Yes. 29.4% 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 SBI Midcap Fund?
Groww Nifty Midcap 150 Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar. SBI Midcap Fund: Bhavin Vithlani.
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.