ICICI Prudential Mid Cap Fund vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Mid Cap Fund is a Mid Cap fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is an ETF fund. In the year to 30-10-2026, ICICI Prudential Mid Cap Fund (Direct) returned 0.9% and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF returned −0.1%. ICICI Prudential Mid Cap Fund charges 1.10% a year and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF 0.64%. Their portfolios overlap 28.5%: they hold 21 of the same securities.
ICICI Prudential Mid Cap Fund
Mid Cap
- 1 year return
- 0.9%
- Expense ratio
- 1.10%
- NAV
- ₹351.92
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
ETF
- 1 year return
- −0.1%
- Expense ratio
- 0.64%
- NAV
- ₹49.03
Which is better, ICICI Prudential Mid Cap or Mirae Asset Nifty Midsmallcap400 Momentum Quality 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.
- ICICI Prudential Mid Cap returned more over 1 year: 0.9% against −0.1%.
- Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF costs less: 0.64% a year against 1.10%.
- ICICI Prudential Mid Cap fell less in its worst fall since 23-05-2024: −21.3% against −25.9%.
- ICICI Prudential Mid Cap is the larger fund: ₹7,961 Cr against ₹464 Cr.
- Their portfolios overlap 28.5%: 21 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 Mid Cap Fund | Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Mirae Asset Mutual Fund |
| Category | Mid Cap | ETF |
| AUM | ₹7,961 Cr (30-09-2026) | ₹464 Cr (30-09-2026) |
| NAV | ₹351.92 (Direct) | ₹49.03 |
| Expense ratio (Direct) | 1.10% | Not available |
| Expense ratio (Regular) | 1.84% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty MidSmallcap400 Momentum Quality 100 TRI |
| Launch date | 28-10-2004 | 22-05-2024 |
| Minimum investment | ₹5,000 | On exchange in multiple of 1 unit. With AMC: In multiples of 2,00,000 units |
| Lock in | None | None |
| Fund managers | Lalit Kumar, Sharmila D’silva | Ekta Gala, amp, Akshay Udeshi |
| Exit load | • 1% of the applicable NAV- If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment • NIL - If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment • 1% of the applicable NAV- If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment • NIL - If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment Nil If the amount sought to be redeemed or switched out more than 12 months. | NIL |
ICICI Prudential Mid Cap vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 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.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Mid Cap Fund (Direct) | −5.04% | −7.09% | −5.25% | +0.90% | +19.38% | +14.82% | +15.56% |
| Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF | −1.55% | −3.41% | −0.92% | −0.12% | -- | -- | -- |
| 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.
ICICI Prudential Mid Cap vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Year-wise Returns
| Year | ICICI Prudential Mid CapICICI Prudential Mid Cap | Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF |
|---|---|---|
| 2026to date | −0.75% | +2.85% |
| 2025 | +11.94% | −7.32% |
| 2024 | +28.12% | -- |
| 2023 | +33.88% | -- |
| 2022 | +4.12% | -- |
| 2021 | +46.16% | -- |
ICICI Prudential Mid Cap vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of ICICI Prudential Mid Cap Fund
Rolling returns
Every 1-year holding period, 355 of them, one for each trading day from 23-05-2025 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 Mid Cap Fund (Direct)
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Nifty Midcap 150 TRI
to
Jul 2025Oct 2024
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 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 Mid Cap | 2.0 | 20.0 | 18.9 | 23.7 | 16.1 | 8.5 | 11.0 | 12.6% | 11.7% | −2.8% | 33.0% | 96% |
| Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF | 51.4 | 23.6 | 17.1 | 7.6 | 0.3 | 0.0 | 0.0 | −0.5% | −0.2% | −14.3% | 15.2% | 6% |
| Nifty Midcap 150 TRI | 15.5 | 23.9 | 34.9 | 17.7 | 5.9 | 2.0 | 0.0 | 6.4% | 6.0% | −5.7% | 21.8% | -- |
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 Nifty Midcap 150 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 23-05-2024. Past returns do not promise future returns.
ICICI Prudential Mid Cap vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 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
₹10,000 on the first trading day of every month, from 02-05-2024 to 30-10-2026: 30 instalments, ₹3,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Mid CapICICI Prudential Mid Cap Fund (Direct) | ₹3,00,000 | ₹3,18,986 | ₹18,986 | 4.8% |
| Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF | ₹3,00,000 | ₹3,00,025 | ₹25 | 0.0% |
ICICI Prudential Mid CapICICI Prudential Mid Cap Fund (Direct)
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
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 Mid Cap vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Mid Cap Fund (Direct) | Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF |
|---|---|---|
| Return (CAGR) | +0.90% | −0.12% |
| Standard deviation | 18.40% | 17.84% |
| Sharpe ratio | -0.24 | -0.30 |
| Sortino ratio | -0.32 | -0.41 |
| Maximum drawdown | −14.9% (23-10-2026) | −14.7% (23-03-2026) |
| Beta | 1.07 | 1.00 |
| Alpha | +5.91% | −0.60% |
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 Mid Cap Fund (Direct) | Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF |
|---|---|---|
| Return (CAGR) | +18.30% | −0.07% |
| Standard deviation | 16.83% | 19.87% |
| Sharpe ratio | 0.73 | -0.30 |
| Sortino ratio | 0.98 | -0.39 |
| Maximum drawdown | −44.0% (23-03-2020) | −25.9% (03-03-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.56% |
From daily NAVs, 02-01-2013 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 Mid Cap Fund (Direct)
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Mid Cap Fund (Direct) | −21.3% | 24-09-2024 | 07-04-2025 | 26-06-2025 | 3 months | −11.9% |
| Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF | −25.9% | 15-07-2024 | 03-03-2025 | Not yet | -- | −11.1% |
| Nifty Midcap 150 TRI | −20.9% | 24-09-2024 | 28-02-2025 | 12-11-2025 | 8 months | −10.5% |
From daily values since 23-05-2024, 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 Mid Cap Fund (Direct)
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Mid Cap Fund (Direct) | 106% | 93% | 4.24% |
| Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF | 93% | 106% | 5.55% |
From month-end values since 23-05-2024. 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 Mid Cap vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Mid Cap Fund, September 2026; Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF, September 2026
Holdings in common
- Overlap
- 28.5%
- Held by both
- 21
- Only in ICICI Prudential Mid Cap
- 59
- Only in Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
- 79
| Security | % of ICICI Prudential Mid Cap | % of Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF |
|---|---|---|
| BSE Ltd. | 3.93% | 4.16% |
| Multi Commodity Exchange Of India Ltd. | 5.43% | 3.79% |
| Bharat Forge Ltd. | 2.84% | 2.80% |
| Ge Vernova T&D India Ltd. | 1.89% | 2.56% |
| Apar Industries Ltd. | 5.98% | 1.89% |
| Hitachi Energy India Ltd. | 1.78% | 2.45% |
| Sona Blw Precision Forgings Ltd. | 1.88% | 1.76% |
| KEI Industries Ltd. | 2.45% | 1.32% |
| APL Apollo Tubes Ltd. | 3.95% | 1.19% |
| Dixon Technologies (India) Ltd. | 1.19% | 2.15% |
| Nippon Life India Asset Management Ltd | 2.21% | 1.06% |
| Polycab India Ltd. | 0.97% | 2.47% |
| National Aluminium Company Ltd. | 0.96% | 1.37% |
| 360 One Wam Ltd. | 1.47% | 0.76% |
| Coromandel International Ltd. | 0.61% | 0.59% |
| Blue Star Ltd. | 0.68% | 0.56% |
| UNO Minda Ltd. | 1.71% | 0.53% |
| Astral Ltd. | 0.73% | 0.48% |
| K.P.R. Mill Ltd. | 2.13% | 0.46% |
| PI Industries Ltd. | 0.45% | 0.49% |
| Thermax Ltd. | 0.13% | 0.78% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.5% means 28.5% 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 ICICI Prudential Mid Cap Fund
| Security | % of fund |
|---|---|
| Hindustan Petroleum Corporation Ltd. | 5.43% |
| Jindal Steel Ltd. | 3.97% |
| Jindal Stainless Ltd. | 2.92% |
| Muthoot Finance Ltd. | 2.83% |
| PB Fintech Ltd. | 2.68% |
Largest holdings only in Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
| Security | % of fund |
|---|---|
| Laurus Labs Ltd. | 4.78% |
| The Federal Bank Ltd. | 4.11% |
| Welspun Corp Ltd. | 2.35% |
| Aurobindo Pharma Ltd. | 2.35% |
| Hero MotoCorp Ltd. | 2.28% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Mid Cap | Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF |
|---|---|---|
| Equity | 97.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.1% | -0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Mid Cap | Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF |
|---|---|---|
| Large Cap | 20.2% | 11.2% |
| Mid Cap | 68.1% | 62.9% |
| Small Cap | 9.6% | 25.9% |
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 Mid Cap | Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 1.0% | 16.0% |
| Capital Markets | 13.0% | 15.0% |
| Industrial Products | 12.1% | 9.8% |
| Electrical Equipment | 9.9% | 10.5% |
| Banks | 1.3% | 10.4% |
| Auto Components | 9.9% | 6.1% |
| Ferrous Metals | 8.3% | 0.0% |
| Chemicals & Petrochemicals | 6.4% | 1.3% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Mid Cap vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Mid Cap Fund | Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | Not available |
| Base expense ratio (Direct) | 0.89% | 0.00% |
| Total expense ratio (Regular) | 1.84% | Not available |
| Base expense ratio (Regular) | 1.53% | 0.37% |
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
ICICI Prudential Mid Cap Fund vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Mid Cap Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?
ICICI Prudential Mid Cap Fund is a Mid Cap fund, Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is an ETF fund, run by ICICI Prudential Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 28.5%. ICICI Prudential Mid Cap Fund charges 1.10% a year and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF 0.64%.
Which has given higher returns, ICICI Prudential Mid Cap Fund or Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?
Over 1 year: ICICI Prudential Mid Cap Fund +0.90%, Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF −0.12%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Mid Cap Fund or Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF charges less: 0.64% a year against 1.10%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Mid Cap Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF overlap?
28.5%. They hold 21 of the same securities, the largest shared ones being BSE, MCX, BHARATFORG. From each fund's latest monthly portfolio.
Which is riskier, ICICI Prudential Mid Cap Fund or Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?
On SEBI's riskometer, ICICI Prudential Mid Cap Fund is rated Very High and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF Very High. Over 1 years, the standard deviation of daily returns was 18.40% and 17.84% a year.
Can I invest in both ICICI Prudential Mid Cap Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?
Yes. 28.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Mid Cap Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?
ICICI Prudential Mid Cap Fund: Lalit Kumar, Sharmila D’silva. Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Ekta Gala, amp, Akshay Udeshi.
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.