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    ICICI Prudential BSE Midcap Select ETF vs Motilal Oswal Nifty Midcap 100 ETF

    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 Motilal Oswal Nifty Midcap 100 ETF is an ETF fund. In the 3 years to 30-10-2026, ICICI Prudential BSE Midcap Select ETF returned 15.3% a year and Motilal Oswal Nifty Midcap 100 ETF returned 14.5% a year. ICICI Prudential BSE Midcap Select ETF charges 0.25% a year and Motilal Oswal Nifty Midcap 100 ETF 0.34%. Their portfolios overlap 39.1%: they hold 28 of the same securities.

    ICICI Prudential BSE Midcap Select ETF

    ETF

    3 year return
    15.3%
    Expense ratio
    0.25%
    NAV
    ₹18.15
    See ICICI Prudential BSE Midcap Select ETF

    Motilal Oswal Nifty Midcap 100 ETF

    ETF

    3 year return
    14.5%
    Expense ratio
    0.34%
    NAV
    ₹61.90
    See Motilal Oswal Nifty Midcap 100 ETF

    Which is better, ICICI Prudential BSE Midcap Select ETF or Motilal Oswal 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.

    • Motilal Oswal Nifty Midcap 100 ETF returned more over 5 years: 14.1% a year against 11.6%.
    • ICICI Prudential BSE Midcap Select ETF returned more over 3 years: 15.3% a year against 14.5%.
    • ICICI Prudential BSE Midcap Select ETF costs less: 0.25% a year against 0.34%.
    • Motilal Oswal Nifty Midcap 100 ETF swung less over 3 years: a standard deviation of 17.9% a year against 18.5%.
    • ICICI Prudential BSE Midcap Select ETF fell less in its worst fall since 05-07-2016: −46.7% against −48.4%.
    • Motilal Oswal Nifty Midcap 100 ETF is the larger fund: ₹821 Cr against ₹112 Cr.
    • Their portfolios overlap 39.1%: 28 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

    FactICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100 ETF
    Fund houseICICI Prudential Mutual FundMotilal Oswal Mutual Fund
    CategoryETFETF
    AUM₹112 Cr (30-09-2026)₹821 Cr (30-09-2026)
    NAV₹18.15₹61.90
    Expense ratio (Direct)Not availableNot available
    Expense ratio (Regular)Not availableNot available
    RiskometerNot availableVery High
    BenchmarkBSE Midcap Select TRINIFTY Midcap 100 TRI
    Launch date04-07-201631-01-2011
    Minimum investmentDuring 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₹500
    Lock inNoneNone
    Fund managersNishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus AhujaSwapnil Mayekar
    Exit loadNilYes

    ICICI Prudential BSE Midcap Select ETF vs Motilal Oswal 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.

    Fund1M3M6M1Y3Y5Y10Y
    ICICI Prudential BSE Midcap Select ETF−1.98%−6.75%+1.99%−1.63%+15.31%+11.56%+12.17%
    Motilal Oswal Nifty Midcap 100 ETF−3.38%−8.43%−3.85%−4.14%+14.53%+14.09%+14.13%

    ICICI Prudential BSE Midcap Select ETF vs Motilal Oswal Nifty Midcap 100 ETF: Year-wise Returns

    YearICICI Prudential BSE Midcap SelectICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100Motilal Oswal Nifty Midcap 100 ETF
    2026to date−1.82%−4.83%
    2025+0.48%+6.22%
    2024+31.97%+24.51%
    2023+39.36%+47.37%
    2022−3.54%+4.11%
    2021+32.52%+46.83%

    ICICI Prudential BSE Midcap Select ETF vs Motilal Oswal Nifty Midcap 100 ETF: 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 3-year holding period, 1,807 of them, one for each trading day from 05-07-2019 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.

    −20%−10%0%10%20%30%40%
    Feb 2017
    to
    Feb 2020    May 2018
    to
    May 2021    Aug 2019
    to
    Aug 2022    Oct 2020
    to
    Oct 2023    Jan 2022
    to
    Jan 2025    Mar 2023
    to
    Mar 2026
    ICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100 ETFBSE MidCap Select Index TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    ICICI Prudential BSE Midcap Select ETF10.26.89.011.827.231.93.214.6%17.6%−10.8%29.6%0%
    Motilal Oswal Nifty Midcap 100 ETF11.37.46.75.111.127.231.218.2%22.0%−12.9%39.9%75%
    BSE MidCap Select Index TRI10.06.39.410.725.533.94.315.0%18.0%−10.5%30.2%--

    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 05-07-2016. Past returns do not promise future returns.

    ICICI Prudential BSE Midcap Select ETF vs Motilal Oswal 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 05-07-2016 to 30-10-2026: 124 instalments, ₹12,40,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    ICICI Prudential BSE Midcap Select ETFICICI Prudential BSE Midcap Select ETF ₹12,40,000 ₹25,67,309 ₹13,27,309 13.5%
    Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF ₹12,40,000 ₹29,59,279 ₹17,19,279 16.0%
    ₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L
    20172019202120232025
    ICICI Prudential BSE Midcap Select ETFICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETFAmount 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 Motilal Oswal Nifty Midcap 100 ETF: Risk and Drawdowns

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

    Risk and return

    MeasureICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100 ETF
    Return (CAGR)+15.32%+14.53%
    Standard deviation18.50%17.94%
    Sharpe ratio0.500.47
    Sortino ratio0.690.63
    Maximum drawdown−22.4% (07-04-2025)−21.1% (28-02-2025)
    Beta1.001.00
    Alpha−0.27%−0.09%

    From daily NAVs, 30-10-2023 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.

    −50%−40%−30%−20%−10%0%
    20172019202120232025
    ICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100 ETFBSE MidCap Select Index TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    ICICI Prudential BSE Midcap Select ETF−46.7%08-01-201823-03-202004-01-20219 months−9.9%
    Motilal Oswal Nifty Midcap 100 ETF−48.4%11-01-201823-03-202005-01-20219 months−10.7%
    BSE MidCap Select Index TRI−46.7%08-01-201823-03-202001-01-20219 months−9.9%

    From daily values since 05-07-2016, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%25%
    2020202120222023202420252026
    ICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100 ETFBSE MidCap Select Index TRI

    Against BSE MidCap Select Index TRI

    FundUp captureDown captureTracking error
    ICICI Prudential BSE Midcap Select ETF99%100%0.35%
    Motilal Oswal Nifty Midcap 100 ETF103%97%5.35%

    From month-end values since 05-07-2016. 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 Motilal Oswal Nifty Midcap 100 ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: ICICI Prudential BSE Midcap Select ETF, September 2026; Motilal Oswal Nifty Midcap 100 ETF, September 2026

    Holdings in common

    Overlap
    39.1%
    Held by both
    28
    Only in ICICI Prudential BSE Midcap Select ETF
    2
    Only in Motilal Oswal Nifty Midcap 100 ETF
    72
    Security% of ICICI Prudential BSE Midcap Select ETF% of Motilal Oswal Nifty Midcap 100 ETF
    Multi Commodity Exchange Of India Ltd.6.31%2.58%
    The Federal Bank Ltd.5.89%2.40%
    Laurus Labs Ltd.5.78%2.36%
    One 97 Communications Ltd5.40%2.21%
    COFORGE Ltd.4.54%1.87%
    AU Small Finance Bank Ltd.4.28%1.80%
    Persistent Systems Ltd.4.31%1.76%
    Dixon Technologies (India) Ltd.4.09%1.67%
    IDFC First Bank Ltd.4.06%1.66%
    Bharat Forge Ltd.3.86%1.64%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.1% means 39.1% 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
    Alkem Laboratories Ltd.2.26%
    Sundaram Finance Ltd.2.25%

    Largest holdings only in Motilal Oswal Nifty Midcap 100 ETF

    Security% of fund
    Hero MotoCorp Limited2.09%
    The Indian Hotels Company Limited1.96%
    Bharat Heavy Electricals Limited1.86%
    IndusInd Bank Limited1.82%
    GE Vernova T&D India Limited1.60%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100 ETF
    Equity100.0%100.0%
    Debt0.0%0.0%
    Cash and others0.0%-0.0%

    Market cap of stocks

    Market capICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100 ETF
    Large Cap0.0%7.1%
    Mid Cap100.0%91.3%
    Small Cap0.0%1.6%

    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

    SectorICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100 ETF
    Banks17.0%10.7%
    Pharmaceuticals & Biotechnology14.1%8.0%
    It - Software11.0%0.0%
    Financial Technology (Fintech)8.3%3.4%
    Electrical Equipment3.6%7.0%
    Retailing3.3%7.0%
    Capital Markets6.3%5.3%
    Consumer Durables5.9%5.0%
    IT - Software0.0%5.3%

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

    ICICI Prudential BSE Midcap Select ETF vs Motilal Oswal Nifty Midcap 100 ETF: Expense Ratio

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

    ChargeICICI Prudential BSE Midcap Select ETFMotilal Oswal Nifty Midcap 100 ETF
    Base expense ratio (Direct)0.00%0.00%
    Base expense ratio (Regular)0.13%0.20%

    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 Motilal Oswal Nifty Midcap 100 ETF: Frequently Asked Questions

    What is the difference between ICICI Prudential BSE Midcap Select ETF and Motilal Oswal Nifty Midcap 100 ETF?

    ICICI Prudential BSE Midcap Select ETF is an ETF fund, Motilal Oswal Nifty Midcap 100 ETF is an ETF fund, run by ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 39.1%. ICICI Prudential BSE Midcap Select ETF charges 0.25% a year and Motilal Oswal Nifty Midcap 100 ETF 0.34%.

    Which has given higher returns, ICICI Prudential BSE Midcap Select ETF or Motilal Oswal Nifty Midcap 100 ETF?

    Over 1 year: ICICI Prudential BSE Midcap Select ETF −1.63%, Motilal Oswal Nifty Midcap 100 ETF −4.14%. Over 3 years: ICICI Prudential BSE Midcap Select ETF +15.31% a year, Motilal Oswal Nifty Midcap 100 ETF +14.53% a year. Over 5 years: ICICI Prudential BSE Midcap Select ETF +11.56% a year, Motilal Oswal Nifty Midcap 100 ETF +14.09% a year. 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 Motilal Oswal Nifty Midcap 100 ETF?

    ICICI Prudential BSE Midcap Select ETF charges less: 0.25% a year against 0.34%. These are the total expense ratios reported to AMFI.

    How much do ICICI Prudential BSE Midcap Select ETF and Motilal Oswal Nifty Midcap 100 ETF overlap?

    39.1%. They hold 28 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.

    Which is better for SIP, ICICI Prudential BSE Midcap Select ETF or Motilal Oswal Nifty Midcap 100 ETF?

    Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,27,569 in ICICI Prudential BSE Midcap Select ETF (XIRR 12.0% a year) and ₹8,44,232 in Motilal Oswal Nifty Midcap 100 ETF (XIRR 12.8% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both ICICI Prudential BSE Midcap Select ETF and Motilal Oswal Nifty Midcap 100 ETF?

    Yes. 39.1% of each fund's money sits in the same holdings, so some of the two investments would move together.

    Who manages ICICI Prudential BSE Midcap Select ETF and Motilal Oswal Nifty Midcap 100 ETF?

    ICICI Prudential BSE Midcap Select ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja. Motilal Oswal Nifty Midcap 100 ETF: Swapnil Mayekar.

    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.

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