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    ICICI Prudential Nifty Midcap 150 ETF vs ICICI Prudential Nifty Midcap 150 Index Fund

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    ICICI Prudential Nifty Midcap 150 ETF is an ETF fund and ICICI Prudential Nifty Midcap 150 Index Fund is an Index fund. In the 3 years to 30-10-2026, ICICI Prudential Nifty Midcap 150 ETF returned 13.6% a year and ICICI Prudential Nifty Midcap 150 Index Fund (Direct) returned 13.3% a year. ICICI Prudential Nifty Midcap 150 ETF charges 0.22% a year and ICICI Prudential Nifty Midcap 150 Index Fund 0.39%. Their portfolios overlap 99.6%: they hold 150 of the same securities.

    ICICI Prudential Nifty Midcap 150 ETF

    ETF

    3 year return
    13.6%
    Expense ratio
    0.22%
    NAV
    ₹21.79
    See ICICI Prudential Nifty Midcap 150 ETF

    ICICI Prudential Nifty Midcap 150 Index Fund

    Index

    3 year return
    13.3%
    Expense ratio
    0.39%
    NAV
    ₹18.85
    See ICICI Prudential Nifty Midcap 150 Index Fund

    Which is better, ICICI Prudential Nifty Midcap 150 ETF or ICICI Prudential Nifty Midcap 150 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 Nifty Midcap 150 ETF returned more over 3 years: 13.6% a year against 13.3%.
    • ICICI Prudential Nifty Midcap 150 ETF returned more over 1 year: −4.5% against −4.6%.
    • ICICI Prudential Nifty Midcap 150 ETF costs less: 0.22% a year against 0.39%.
    • ICICI Prudential Nifty Midcap 150 Index swung less over 3 years: a standard deviation of 17.0% a year against 17.1%.
    • ICICI Prudential Nifty Midcap 150 ETF fell less in its worst fall since 23-12-2021: −21.0% against −21.1%.
    • ICICI Prudential Nifty Midcap 150 Index is the larger fund: ₹1,257 Cr against ₹742 Cr.
    • Their portfolios overlap 99.6%: 150 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 Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 Index Fund
    Fund houseICICI Prudential Mutual FundICICI Prudential Mutual Fund
    CategoryETFIndex
    AUM₹742 Cr (30-09-2026)₹1,257 Cr (30-09-2026)
    NAV₹21.79₹18.85 (Direct)
    Expense ratio (Direct)Not available0.39%
    Expense ratio (Regular)Not available1.13%
    RiskometerNot availableNot available
    BenchmarkNifty Midcap 150 TRINifty Midcap 150 TRI
    Launch date24-01-202022-12-2021
    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₹100
    Lock inNoneNone
    Fund managersNishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus AhujaNishit Patel, Ajaykumar Solanki, Ashwini Shinde
    Exit loadNilNil

    ICICI Prudential Nifty Midcap 150 ETF vs ICICI Prudential Nifty Midcap 150 Index: 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 Nifty Midcap 150 ETF−3.69%−8.59%−4.10%−4.53%+13.64%+13.61%--
    ICICI Prudential Nifty Midcap 150 Index Fund (Direct)−3.71%−8.52%−4.09%−4.63%+13.34%----

    ICICI Prudential Nifty Midcap 150 ETF vs ICICI Prudential Nifty Midcap 150 Index: Year-wise Returns

    YearETFICICI Prudential Nifty Midcap 150 ETFIndexICICI Prudential Nifty Midcap 150 IndexNifty Midcap 150 TRI
    2026to date−5.12%−5.19%−4.97%
    2025+5.86%+5.58%+5.98%
    2024+24.26%+23.79%+24.46%
    2023+44.23%+43.78%+44.61%
    2022+3.61%+3.22%+3.91%
    2021+47.73%--+48.16%

    ICICI Prudential Nifty Midcap 150 ETF vs ICICI Prudential Nifty Midcap 150 Index: Rolling Returns

    Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both

    Rolling returns

    Every 3-year holding period, 459 of them, one for each trading day from 23-12-2024 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.

    0%10%20%30%40%
    Feb 2022
    to
    Feb 2025    Jun 2022
    to
    Jun 2025    Oct 2022
    to
    Oct 2025    Jan 2023
    to
    Jan 2026    May 2023
    to
    May 2026    Sept 2023
    to
    Sept 2026
    ICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 Index Fund (Direct)Nifty Midcap 150 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    ICICI Prudential Nifty Midcap 150 ETF0.00.00.06.118.362.712.922.0%22.3%12.5%31.1%0%
    ICICI Prudential Nifty Midcap 150 Index0.00.00.06.821.259.512.521.6%21.9%12.2%30.6%0%
    Nifty Midcap 150 TRI0.00.00.05.916.663.813.722.2%22.5%12.7%31.3%--

    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 23-12-2021. Past returns do not promise future returns.

    ICICI Prudential Nifty Midcap 150 ETF vs ICICI Prudential Nifty Midcap 150 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 01-12-2021 to 30-10-2026: 59 instalments, ₹5,90,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    ICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 ETF ₹5,90,000 ₹7,91,413 ₹2,01,413 11.9%
    ICICI Prudential Nifty Midcap 150 IndexICICI Prudential Nifty Midcap 150 Index Fund (Direct) ₹5,90,000 ₹7,85,639 ₹1,95,639 11.6%
    ₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L₹10.0 L
    20222023202420252026
    ICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 IndexICICI Prudential Nifty Midcap 150 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 Nifty Midcap 150 ETF vs ICICI Prudential Nifty Midcap 150 Index: Risk and Drawdowns

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

    Risk and return

    MeasureICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 Index Fund (Direct)
    Return (CAGR)+13.64%+13.34%
    Standard deviation17.09%17.02%
    Sharpe ratio0.450.43
    Sortino ratio0.590.57
    Maximum drawdown−21.0% (28-02-2025)−21.1% (28-02-2025)
    Beta1.001.00
    Alpha−0.17%−0.47%

    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.

    −25%−20%−15%−10%−5%0%
    20222023202420252026
    ICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 Index Fund (Direct)Nifty Midcap 150 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    ICICI Prudential Nifty Midcap 150 ETF−21.0%24-09-202428-02-202512-11-20258 months−10.6%
    ICICI Prudential Nifty Midcap 150 Index Fund (Direct)−21.1%24-09-202428-02-202517-11-20259 months−10.6%
    Nifty Midcap 150 TRI−20.9%24-09-202428-02-202512-11-20258 months−10.5%

    From daily values since 23-12-2021, 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%
    20252026
    ICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 Index Fund (Direct)Nifty Midcap 150 TRI

    Against Nifty Midcap 150 TRI

    FundUp captureDown captureTracking error
    ICICI Prudential Nifty Midcap 150 ETF100%100%0.09%
    ICICI Prudential Nifty Midcap 150 Index Fund (Direct)99%101%0.10%

    From month-end values since 23-12-2021. 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 Nifty Midcap 150 ETF vs ICICI Prudential Nifty Midcap 150 Index: Portfolio Overlap

    From each fund's latest monthly portfolio: ICICI Prudential Nifty Midcap 150 ETF, September 2026; ICICI Prudential Nifty Midcap 150 Index Fund, September 2026

    Holdings in common

    Overlap
    99.6%
    Held by both
    150
    Only in ICICI Prudential Nifty Midcap 150 ETF
    0
    Only in ICICI Prudential Nifty Midcap 150 Index
    0
    Security% of ICICI Prudential Nifty Midcap 150 ETF% of ICICI Prudential Nifty Midcap 150 Index
    Multi Commodity Exchange Of India Ltd.2.05%2.05%
    The Federal Bank Ltd.1.91%1.90%
    Laurus Labs Ltd.1.88%1.87%
    EMBASSY OFFICE PARKS REIT1.87%1.86%
    One 97 Communications Ltd1.76%1.76%
    Hero Motocorp Ltd.1.67%1.65%
    The Indian Hotels Company Ltd.1.56%1.55%
    COFORGE Ltd.1.48%1.48%
    Bharat Heavy Electricals Ltd.1.48%1.47%
    IndusInd Bank Ltd.1.45%1.44%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.6% means 99.6% 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 Nifty Midcap 150 ETF

    Every holding of this fund is also held by the other.

    Largest holdings only in ICICI Prudential Nifty Midcap 150 Index Fund

    Every holding of this fund is also held by the other.

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 Index
    Equity98.1%98.1%
    Debt0.0%0.0%
    Cash and others1.9%1.9%

    Market cap of stocks

    Market capICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 Index
    Large Cap5.7%5.6%
    Mid Cap89.9%89.9%
    Small Cap2.5%2.5%

    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

    SectorICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 Index
    Pharmaceuticals & Biotechnology9.0%9.0%
    Banks8.6%8.6%
    Finance6.7%6.8%
    Electrical Equipment5.9%5.9%
    Retailing5.5%5.5%
    Capital Markets4.7%4.7%

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

    ICICI Prudential Nifty Midcap 150 ETF vs ICICI Prudential Nifty Midcap 150 Index: Expense Ratio

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

    ChargeICICI Prudential Nifty Midcap 150 ETFICICI Prudential Nifty Midcap 150 Index Fund
    Total expense ratio (Direct)Not available0.39%
    Base expense ratio (Direct)0.00%0.22%
    Total expense ratio (Regular)Not available1.13%
    Base expense ratio (Regular)0.13%0.86%

    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 Nifty Midcap 150 ETF vs ICICI Prudential Nifty Midcap 150 Index Fund: Frequently Asked Questions

    What is the difference between ICICI Prudential Nifty Midcap 150 ETF and ICICI Prudential Nifty Midcap 150 Index Fund?

    ICICI Prudential Nifty Midcap 150 ETF is an ETF fund, ICICI Prudential Nifty Midcap 150 Index Fund is an Index fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 99.6%. ICICI Prudential Nifty Midcap 150 ETF charges 0.22% a year and ICICI Prudential Nifty Midcap 150 Index Fund 0.39%.

    Which has given higher returns, ICICI Prudential Nifty Midcap 150 ETF or ICICI Prudential Nifty Midcap 150 Index Fund?

    Over 1 year: ICICI Prudential Nifty Midcap 150 ETF −4.53%, ICICI Prudential Nifty Midcap 150 Index Fund −4.63%. Over 3 years: ICICI Prudential Nifty Midcap 150 ETF +13.64% a year, ICICI Prudential Nifty Midcap 150 Index Fund +13.34% a year. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, ICICI Prudential Nifty Midcap 150 ETF or ICICI Prudential Nifty Midcap 150 Index Fund?

    ICICI Prudential Nifty Midcap 150 ETF charges less: 0.22% a year against 0.39%. These are the total expense ratios reported to AMFI.

    How much do ICICI Prudential Nifty Midcap 150 ETF and ICICI Prudential Nifty Midcap 150 Index Fund overlap?

    99.6%. They hold 150 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 Nifty Midcap 150 ETF or ICICI Prudential Nifty Midcap 150 Index Fund?

    Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,90,487 in ICICI Prudential Nifty Midcap 150 ETF (XIRR 3.4% a year) and ₹3,89,207 in ICICI Prudential Nifty Midcap 150 Index Fund (XIRR 3.2% a year). Both received 37 instalments. Past returns do not promise future returns.

    Can I invest in both ICICI Prudential Nifty Midcap 150 ETF and ICICI Prudential Nifty Midcap 150 Index Fund?

    Yes. 99.6% 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 Nifty Midcap 150 ETF and ICICI Prudential Nifty Midcap 150 Index Fund?

    ICICI Prudential Nifty Midcap 150 ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja. ICICI Prudential Nifty Midcap 150 Index Fund: Nishit Patel, Ajaykumar Solanki, Ashwini Shinde.

    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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