ICICI Prudential BSE Midcap Select ETF vs Kotak Nifty Midcap 50 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential BSE Midcap Select ETF is an ETF fund and Kotak Nifty Midcap 50 Index Fund is an Index fund. In the year to 30-10-2026, ICICI Prudential BSE Midcap Select ETF returned −1.6% and Kotak Nifty Midcap 50 Index Fund (Direct) returned −3.0%. ICICI Prudential BSE Midcap Select ETF charges 0.25% a year and Kotak Nifty Midcap 50 Index Fund 0.47%. Their portfolios overlap 51.7%: they hold 23 of the same securities.
ICICI Prudential BSE Midcap Select ETF
ETF
- 1 year return
- −1.6%
- Expense ratio
- 0.25%
- NAV
- ₹18.15
Kotak Nifty Midcap 50 Index Fund
Index
- 1 year return
- −3.0%
- Expense ratio
- 0.47%
- NAV
- ₹10.16
Which is better, ICICI Prudential BSE Midcap Select ETF or Kotak Nifty Midcap 50 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential BSE Midcap Select ETF returned more over 1 year: −1.6% against −3.0%.
- ICICI Prudential BSE Midcap Select ETF costs less: 0.25% a year against 0.47%.
- Kotak Nifty Midcap 50 Index fell less in its worst fall since 21-08-2024: −20.4% against −22.4%.
- ICICI Prudential BSE Midcap Select ETF is the larger fund: ₹112 Cr against ₹83 Cr.
- Their portfolios overlap 51.7%: 23 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 | ICICI Prudential BSE Midcap Select ETF | Kotak Nifty Midcap 50 Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ETF | Index |
| AUM | ₹112 Cr (30-09-2026) | ₹83 Cr (30-09-2026) |
| NAV | ₹18.15 | ₹10.16 (Direct) |
| Expense ratio (Direct) | Not available | 0.47% |
| Expense ratio (Regular) | Not available | 1.08% |
| Riskometer | Not available | Very High |
| Benchmark | BSE Midcap Select TRI | NIFTY Midcap 50 TRI |
| Launch date | 04-07-2016 | 16-08-2024 |
| Minimum investment | During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its mul | ₹100 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Nil | Nil |
ICICI Prudential BSE Midcap Select ETF vs Kotak Nifty Midcap 50 Index: 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential BSE Midcap Select ETF | −1.98% | −6.75% | +1.99% | −1.63% | +15.31% | +11.56% | +12.17% |
| Kotak Nifty Midcap 50 Index Fund (Direct) | −2.99% | −8.39% | −2.02% | −2.96% | -- | -- | -- |
ICICI Prudential BSE Midcap Select ETF vs Kotak Nifty Midcap 50 Index: Year-wise Returns
| Year | ICICI Prudential BSE Midcap Select ETFICICI Prudential BSE Midcap Select ETF | Kotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 Index |
|---|---|---|
| 2026to date | −1.82% | −4.14% |
| 2025 | +0.48% | +8.02% |
| 2024 | +31.97% | -- |
| 2023 | +39.36% | -- |
| 2022 | −3.54% | -- |
| 2021 | +32.52% | -- |
ICICI Prudential BSE Midcap Select ETF vs Kotak Nifty Midcap 50 Index: Rolling Returns
Every holding period of both funds, against BSE MidCap Select Index TRI, the benchmark of ICICI Prudential BSE Midcap Select ETF
Rolling returns
Every 1-year holding period, 293 of them, one for each trading day from 21-08-2025 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.
ICICI Prudential BSE Midcap Select ETF
Kotak Nifty Midcap 50 Index Fund (Direct)
BSE MidCap Select Index TRI
to
Sept 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Jul 2025
to
Jul 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential BSE Midcap Select ETF | 21.8 | 20.5 | 32.4 | 18.1 | 7.2 | 0.0 | 0.0 | 5.6% | 6.5% | −10.0% | 18.4% | 1% |
| Kotak Nifty Midcap 50 Index | 13.0 | 14.0 | 32.2 | 27.7 | 9.9 | 3.1 | 0.0 | 8.4% | 8.6% | −6.3% | 22.4% | 67% |
| BSE MidCap Select Index TRI | 21.8 | 18.8 | 33.1 | 17.1 | 9.2 | 0.0 | 0.0 | 5.8% | 6.8% | −9.8% | 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 MidCap Select 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 21-08-2024. Past returns do not promise future returns.
ICICI Prudential BSE Midcap Select ETF vs Kotak Nifty Midcap 50 Index: 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 01-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential BSE Midcap Select ETFICICI Prudential BSE Midcap Select ETF | ₹2,70,000 | ₹2,76,486 | ₹6,486 | 2.1% |
| Kotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 Index Fund (Direct) | ₹2,70,000 | ₹2,73,861 | ₹3,861 | 1.2% |
ICICI Prudential BSE Midcap Select ETFICICI Prudential BSE Midcap Select ETF
Kotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 Index Fund (Direct)
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.
ICICI Prudential BSE Midcap Select ETF vs Kotak Nifty Midcap 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential BSE Midcap Select ETF | Kotak Nifty Midcap 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.63% | −2.96% |
| Standard deviation | 18.27% | 16.84% |
| Sharpe ratio | -0.38 | -0.49 |
| Sortino ratio | -0.51 | -0.65 |
| Maximum drawdown | −17.2% (31-03-2026) | −14.5% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.14% | −0.40% |
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 | ICICI Prudential BSE Midcap Select ETF | Kotak Nifty Midcap 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.22% | +0.17% |
| Standard deviation | 18.72% | 17.29% |
| Sharpe ratio | 0.42 | -0.32 |
| Sortino ratio | 0.56 | -0.43 |
| Maximum drawdown | −46.7% (23-03-2020) | −20.4% (28-02-2025) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.43% | −0.56% |
From daily NAVs, 05-07-2016 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.
ICICI Prudential BSE Midcap Select ETF
Kotak Nifty Midcap 50 Index Fund (Direct)
BSE MidCap Select Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential BSE Midcap Select ETF | −22.4% | 24-09-2024 | 07-04-2025 | 22-06-2026 | 14 months | −9.9% |
| Kotak Nifty Midcap 50 Index Fund (Direct) | −20.4% | 24-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −10.7% |
| BSE MidCap Select Index TRI | −22.3% | 24-09-2024 | 07-04-2025 | 19-06-2026 | 14 months | −9.9% |
From daily values since 21-08-2024, 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.
ICICI Prudential BSE Midcap Select ETF
Kotak Nifty Midcap 50 Index Fund (Direct)
BSE MidCap Select Index TRI
Against BSE MidCap Select Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential BSE Midcap Select ETF | 99% | 100% | 0.11% |
| Kotak Nifty Midcap 50 Index Fund (Direct) | 98% | 95% | 4.20% |
From month-end values since 21-08-2024. 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.
ICICI Prudential BSE Midcap Select ETF vs Kotak Nifty Midcap 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential BSE Midcap Select ETF, September 2026; Kotak Nifty Midcap 50 Index Fund, September 2026
Holdings in common
- Overlap
- 51.7%
- Held by both
- 23
- Only in ICICI Prudential BSE Midcap Select ETF
- 7
- Only in Kotak Nifty Midcap 50 Index
- 27
| Security | % of ICICI Prudential BSE Midcap Select ETF | % of Kotak Nifty Midcap 50 Index |
|---|---|---|
| Multi Commodity Exchange Of India Ltd. | 6.31% | 3.92% |
| The Federal Bank Ltd. | 5.89% | 3.65% |
| Laurus Labs Ltd. | 5.78% | 3.59% |
| One 97 Communications Ltd | 5.40% | 3.37% |
| AU Small Finance Bank Ltd. | 4.28% | 2.74% |
| Persistent Systems Ltd. | 4.31% | 2.68% |
| Dixon Technologies (India) Ltd. | 4.09% | 2.54% |
| IDFC First Bank Ltd. | 4.06% | 2.52% |
| Bharat Forge Ltd. | 3.86% | 2.49% |
| Suzlon Energy Ltd. | 3.58% | 2.24% |
| Aurobindo Pharma Ltd. | 3.45% | 2.15% |
| FSN E-Commerce Ventures Ltd. | 3.30% | 2.04% |
| Fortis Healthcare Ltd. | 3.00% | 1.87% |
| APL Apollo Tubes Ltd. | 3.27% | 1.86% |
| PB Fintech Ltd. | 2.85% | 1.76% |
| Yes Bank Ltd. | 2.76% | 1.71% |
| Max Financial Services Ltd. | 2.71% | 1.70% |
| The Phoenix Mills Ltd. | 2.72% | 1.68% |
| Glenmark Pharmaceuticals Ltd. | 2.59% | 1.64% |
| Hindustan Petroleum Corporation Ltd. | 2.53% | 1.57% |
| National Aluminium Company Ltd. | 2.31% | 1.42% |
| UPL Ltd. | 2.25% | 1.41% |
| Tube Investments of India Ltd. | 1.89% | 1.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 51.7% means 51.7% 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 ICICI Prudential BSE Midcap Select ETF
| Security | % of fund |
|---|---|
| COFORGE Ltd. | 4.54% |
| Alkem Laboratories Ltd. | 2.26% |
| Sundaram Finance Ltd. | 2.25% |
| Mphasis Ltd. | 2.13% |
| KEI Industries Ltd. | 2.05% |
Largest holdings only in Kotak Nifty Midcap 50 Index Fund
| Security | % of fund |
|---|---|
| Hero MotoCorp Ltd. | 3.17% |
| INDIAN HOTELS CO LTD | 2.98% |
| Bharat Heavy Electricals Ltd. | 2.82% |
| INDUSIND BANK LTD. | 2.77% |
| GE VERNOVA T&D INDIA LIMITED | 2.42% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential BSE Midcap Select ETF | Kotak Nifty Midcap 50 Index |
|---|---|---|
| Equity | 100.0% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.2% |
Market cap of stocks
| Market cap | ICICI Prudential BSE Midcap Select ETF | Kotak Nifty Midcap 50 Index |
|---|---|---|
| Large Cap | 0.0% | 5.1% |
| Mid Cap | 100.0% | 95.1% |
| Small Cap | 0.0% | 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 | ICICI Prudential BSE Midcap Select ETF | Kotak Nifty Midcap 50 Index |
|---|---|---|
| Banks | 17.0% | 13.4% |
| Pharmaceuticals & Biotechnology | 14.1% | 0.0% |
| Pharmaceuticals and Biotechnology | 0.0% | 11.0% |
| It - Software | 11.0% | 0.0% |
| Electrical Equipment | 3.6% | 8.5% |
| Financial Technology (Fintech) | 8.3% | 5.1% |
| Retailing | 3.3% | 7.3% |
| Capital Markets | 6.3% | 3.9% |
| Consumer Durables | 5.9% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential BSE Midcap Select ETF vs Kotak Nifty Midcap 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential BSE Midcap Select ETF | Kotak Nifty Midcap 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.47% |
| Base expense ratio (Direct) | 0.00% | 0.21% |
| Total expense ratio (Regular) | Not available | 1.08% |
| Base expense ratio (Regular) | 0.13% | 0.73% |
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.
ICICI Prudential BSE Midcap Select ETF vs Kotak Nifty Midcap 50 Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential BSE Midcap Select ETF and Kotak Nifty Midcap 50 Index Fund?
ICICI Prudential BSE Midcap Select ETF is an ETF fund, Kotak Nifty Midcap 50 Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 51.7%. ICICI Prudential BSE Midcap Select ETF charges 0.25% a year and Kotak Nifty Midcap 50 Index Fund 0.47%.
Which has given higher returns, ICICI Prudential BSE Midcap Select ETF or Kotak Nifty Midcap 50 Index Fund?
Over 1 year: ICICI Prudential BSE Midcap Select ETF −1.63%, Kotak Nifty Midcap 50 Index Fund −2.96%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential BSE Midcap Select ETF or Kotak Nifty Midcap 50 Index Fund?
ICICI Prudential BSE Midcap Select ETF charges less: 0.25% a year against 0.47%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential BSE Midcap Select ETF and Kotak Nifty Midcap 50 Index Fund overlap?
51.7%. They hold 23 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential BSE Midcap Select ETF and Kotak Nifty Midcap 50 Index Fund?
Yes. 51.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ICICI Prudential BSE Midcap Select ETF and Kotak Nifty Midcap 50 Index Fund?
ICICI Prudential BSE Midcap Select ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja. Kotak Nifty Midcap 50 Index Fund: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.