ITI Mid Cap Fund vs Nippon India ETF Nifty Midcap 150
Direct Plan, Growth option · Data as on 30-10-2026
ITI Mid Cap Fund is a Mid Cap fund and Nippon India ETF Nifty Midcap 150 is a mutual fund. In the 3 years to 30-10-2026, ITI Mid Cap Fund (Direct) returned 17.7% a year and Nippon India ETF Nifty Midcap 150 (Direct) returned 13.6% a year. ITI Mid Cap Fund charges 0.91% a year and Nippon India ETF Nifty Midcap 150 0.28% (Direct plans). Their portfolios overlap 41.0%: they hold 53 of the same securities.
Nippon India ETF Nifty Midcap 150
- 3 year return
- 13.6%
- Expense ratio
- 0.28%
- NAV
- ₹217.96
Which is better, ITI Mid Cap or Nippon India ETF Nifty Midcap 150? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Mid Cap returned more over 5 years: 14.0% a year against 13.6%.
- ITI Mid Cap returned more over 3 years: 17.7% a year against 13.6%.
- Nippon India ETF Nifty Midcap 150 costs less: 0.28% a year against 0.91% (Direct plans).
- Nippon India ETF Nifty Midcap 150 swung less over 3 years: a standard deviation of 17.1% a year against 17.9%.
- Nippon India ETF Nifty Midcap 150 fell less in its worst fall since 10-03-2021: −21.2% against −22.7%.
- Nippon India ETF Nifty Midcap 150 is the larger fund: ₹3,821 Cr against ₹1,453 Cr.
- Their portfolios overlap 41.0%: 53 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 | ITI Mid Cap Fund | Nippon India ETF Nifty Midcap 150 |
|---|---|---|
| Fund house | ITI Mutual Fund | Nippon India Mutual Fund |
| Category | Mid Cap | Not available |
| AUM | ₹1,453 Cr (30-09-2026) | ₹3,821 Cr (30-09-2026) |
| NAV | ₹23.54 (Direct) | ₹217.96 (Direct) |
| Expense ratio (Direct) | 0.91% | 0.28% |
| Expense ratio (Regular) | 2.44% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Midcap 150 TRI | Not available |
| Launch date | 05-03-2021 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Alok Ranjan, Dhimant Shah | Not available |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Not available |
ITI Mid Cap vs Nippon India ETF Nifty Midcap 150: 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 |
|---|---|---|---|---|---|---|---|
| ITI Mid Cap Fund (Direct) | −4.97% | −7.62% | −2.16% | −1.25% | +17.72% | +14.03% | -- |
| Nippon India ETF Nifty Midcap 150 (Direct) | −3.63% | −8.46% | −3.99% | −4.46% | +13.60% | +13.60% | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
ITI Mid Cap vs Nippon India ETF Nifty Midcap 150: Year-wise Returns
| Year | ITI Mid CapITI Mid Cap | Nippon India ETF Nifty Midcap 150Nippon India ETF Nifty Midcap 150 | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −3.67% | −5.05% | −4.97% |
| 2025 | +6.57% | +5.77% | +5.98% |
| 2024 | +32.42% | +24.13% | +24.46% |
| 2023 | +43.86% | +44.29% | +44.61% |
| 2022 | +4.02% | +3.62% | +3.91% |
| 2021 | -- | +47.60% | +48.16% |
ITI Mid Cap vs Nippon India ETF Nifty Midcap 150: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 649 of them, one for each trading day from 11-03-2024 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.
ITI Mid Cap Fund (Direct)
Nippon India ETF Nifty Midcap 150 (Direct)
Nifty Midcap 150 TRI
to
May 2024Nov 2021
to
Nov 2024Apr 2022
to
Apr 2025Sept 2022
to
Sept 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Mid Cap | 0.0 | 0.0 | 0.0 | 0.0 | 4.0 | 44.2 | 51.8 | 25.0% | 25.1% | 16.5% | 32.1% | 81% |
| Nippon India ETF Nifty Midcap 150 | 0.0 | 0.0 | 0.0 | 4.4 | 13.2 | 52.9 | 29.4 | 23.1% | 23.1% | 12.4% | 31.0% | 1% |
| Nifty Midcap 150 TRI | 0.0 | 0.0 | 0.0 | 4.2 | 12.0 | 52.9 | 31.0 | 23.4% | 23.4% | 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 10-03-2021. Past returns do not promise future returns.
ITI Mid Cap vs Nippon India ETF Nifty Midcap 150: 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 10-03-2021 to 30-10-2026: 68 instalments, ₹6,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Mid CapITI Mid Cap Fund (Direct) | ₹6,80,000 | ₹10,31,948 | ₹3,51,948 | 14.7% |
| Nippon India ETF Nifty Midcap 150Nippon India ETF Nifty Midcap 150 (Direct) | ₹6,80,000 | ₹9,83,762 | ₹3,03,762 | 13.0% |
ITI Mid CapITI Mid Cap Fund (Direct)
Nippon India ETF Nifty Midcap 150Nippon India ETF Nifty Midcap 150 (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.
ITI Mid Cap vs Nippon India ETF Nifty Midcap 150: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Mid Cap Fund (Direct) | Nippon India ETF Nifty Midcap 150 (Direct) |
|---|---|---|
| Return (CAGR) | −1.25% | −4.46% |
| Standard deviation | 16.73% | 16.63% |
| Sharpe ratio | -0.39 | -0.58 |
| Sortino ratio | -0.52 | -0.78 |
| Maximum drawdown | −14.2% (31-03-2026) | −13.9% (30-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | +3.04% | −0.12% |
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 | ITI Mid Cap Fund (Direct) | Nippon India ETF Nifty Midcap 150 (Direct) |
|---|---|---|
| Return (CAGR) | +17.72% | +13.60% |
| Standard deviation | 17.91% | 17.06% |
| Sharpe ratio | 0.65 | 0.44 |
| Sortino ratio | 0.86 | 0.59 |
| Maximum drawdown | −22.4% (28-02-2025) | −21.0% (28-02-2025) |
| Beta | 1.02 | 1.00 |
| Alpha | +3.72% | −0.21% |
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.
| Measure | ITI Mid Cap Fund (Direct) | Nippon India ETF Nifty Midcap 150 (Direct) |
|---|---|---|
| Return (CAGR) | +14.03% | +13.60% |
| Standard deviation | 16.77% | 16.71% |
| Sharpe ratio | 0.49 | 0.47 |
| Sortino ratio | 0.65 | 0.62 |
| Maximum drawdown | −22.7% (20-06-2022) | −21.0% (28-02-2025) |
| Beta | 0.97 | 1.00 |
| Alpha | +0.41% | −0.22% |
From daily NAVs, 29-10-2021 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 | ITI Mid Cap Fund (Direct) | Nippon India ETF Nifty Midcap 150 (Direct) |
|---|---|---|
| Return (CAGR) | +16.40% | +17.96% |
| Standard deviation | 16.21% | 18.17% |
| Sharpe ratio | 0.67 | 0.70 |
| Sortino ratio | 0.89 | 0.92 |
| Maximum drawdown | −22.7% (20-06-2022) | −38.4% (23-03-2020) |
| Beta | 0.94 | 1.00 |
| Alpha | +0.42% | −0.31% |
From daily NAVs, 10-03-2021 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.
ITI Mid Cap Fund (Direct)
Nippon India ETF Nifty Midcap 150 (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Mid Cap Fund (Direct) | −22.7% | 09-11-2021 | 20-06-2022 | 06-06-2023 | 12 months | −11.2% |
| Nippon India ETF Nifty Midcap 150 (Direct) | −21.2% | 18-10-2021 | 20-06-2022 | 09-09-2022 | 3 months | −10.5% |
| Nifty Midcap 150 TRI | −21.1% | 18-10-2021 | 20-06-2022 | 09-09-2022 | 3 months | −10.5% |
From daily values since 10-03-2021, 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 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ITI Mid Cap Fund (Direct)
Nippon India ETF Nifty Midcap 150 (Direct)
Nifty Midcap 150 TRI
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.
ITI Mid Cap Fund (Direct)
Nippon India ETF Nifty Midcap 150 (Direct)
Nifty Midcap 150 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ITI Mid Cap Fund (Direct)
Nippon India ETF Nifty Midcap 150 (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Mid Cap Fund (Direct) | 94% | 91% | 4.70% |
| Nippon India ETF Nifty Midcap 150 (Direct) | 99% | 100% | 0.10% |
From month-end values since 10-03-2021. 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.
ITI Mid Cap vs Nippon India ETF Nifty Midcap 150: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Mid Cap Fund, September 2026; Nippon India ETF Nifty Midcap 150, September 2026
Holdings in common
- Overlap
- 41.0%
- Held by both
- 53
- Only in ITI Mid Cap
- 40
- Only in Nippon India ETF Nifty Midcap 150
- 96
| Security | % of ITI Mid Cap | % of Nippon India ETF Nifty Midcap 150 |
|---|---|---|
| The Federal Bank Limited | 2.88% | 1.94% |
| One 97 Communications Limited | 1.92% | 1.79% |
| Bharat Heavy Electricals Limited | 1.52% | 1.50% |
| IndusInd Bank Limited | 1.49% | 1.47% |
| AU Small Finance Bank Limited | 1.57% | 1.45% |
| IDFC First Bank Limited | 1.82% | 1.34% |
| GE Vernova T&D India Limited | 1.65% | 1.29% |
| Bharat Forge Limited | 1.25% | 1.32% |
| Info Edge (India) Limited | 1.15% | 1.17% |
| Dixon Technologies (India) Limited | 1.15% | 1.35% |
| Multi Commodity Exchange of India Limited | 1.14% | 2.08% |
| Aurobindo Pharma Limited | 1.13% | 1.14% |
| Ashok Leyland Limited | 1.36% | 1.09% |
| Marico Limited | 1.55% | 1.03% |
| Fortis Healthcare Limited | 1.97% | 0.99% |
| PB Fintech Limited | 1.27% | 0.93% |
| Yes Bank Limited | 1.33% | 0.91% |
| Max Financial Services Limited | 1.11% | 0.90% |
| Radico Khaitan Limited | 1.82% | 0.85% |
| GMR Airports Limited | 0.96% | 0.82% |
| Apar Industries Limited | 1.44% | 0.80% |
| National Aluminium Company Limited | 1.17% | 0.76% |
| JSW Energy Limited | 1.28% | 0.75% |
| Sundaram Finance Limited | 1.38% | 0.74% |
| KEI Industries Limited | 0.80% | 0.68% |
| Mankind Pharma Limited | 0.66% | 0.70% |
| Swiggy Limited | 0.65% | 0.93% |
| Lloyds Metals And Energy Limited | 1.51% | 0.64% |
| Biocon Limited | 0.85% | 0.64% |
| Tube Investments of India Limited | 1.43% | 0.63% |
| Oracle Financial Services Software Limited | 1.43% | 0.63% |
| Persistent Systems Limited | 0.61% | 1.42% |
| Supreme Industries Limited | 0.83% | 0.55% |
| JK Cement Limited | 1.24% | 0.53% |
| Mahindra & Mahindra Financial Services Limited | 0.80% | 0.53% |
| Lupin Limited | 0.53% | 1.22% |
| Oberoi Realty Limited | 1.03% | 0.51% |
| L&T Finance Limited | 0.51% | 0.56% |
| SRF Limited | 0.50% | 0.89% |
| Blue Star Limited | 1.17% | 0.49% |
| IPCA Laboratories Limited | 0.48% | 0.66% |
| Hindustan Copper Limited | 0.91% | 0.45% |
| LG Electronics India Ltd | 1.25% | 0.44% |
| Bank of Maharashtra | 0.46% | 0.40% |
| Motilal Oswal Financial Services Limited | 1.49% | 0.39% |
| Schaeffler India Limited | 0.81% | 0.39% |
| Abbott India Limited | 1.00% | 0.35% |
| Thermax Limited | 0.83% | 0.33% |
| Steel Authority of India Limited | 0.33% | 0.65% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.86% | 0.28% |
| Bharti Hexacom Limited | 1.04% | 0.27% |
| Housing & Urban Development Corporation Limited | 1.08% | 0.21% |
| NTPC Green Energy Limited | 0.94% | 0.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.0% means 41.0% 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 ITI Mid Cap Fund
| Security | % of fund |
|---|---|
| TVS Motor Company Limited | 1.65% |
| Solar Industries India Limited | 1.65% |
| Ather Energy Limited | 1.63% |
| Anupam Rasayan India Limited | 1.58% |
| Sona BLW Precision Forgings Limited | 1.56% |
Largest holdings only in Nippon India ETF Nifty Midcap 150
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 1.91% |
| Hero MotoCorp Limited | 1.68% |
| The Indian Hotels Company Limited | 1.58% |
| Coforge Limited | 1.51% |
| Life Insurance Corporation Of India | 1.24% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Mid Cap | Nippon India ETF Nifty Midcap 150 |
|---|---|---|
| Equity | 97.1% | 99.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.9% | 1.0% |
Market cap of stocks
| Market cap | ITI Mid Cap | Nippon India ETF Nifty Midcap 150 |
|---|---|---|
| Large Cap | 14.5% | 5.7% |
| Mid Cap | 65.0% | 90.7% |
| Small Cap | 15.0% | 2.5% |
| Not on AMFI's list | 2.7% | 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 | ITI Mid Cap | Nippon India ETF Nifty Midcap 150 |
|---|---|---|
| Banks | 12.1% | 8.7% |
| Pharmaceuticals & Biotechnology | 8.3% | 9.2% |
| Finance | 7.9% | 6.8% |
| Auto Components | 7.4% | 4.6% |
| Electrical Equipment | 6.1% | 6.0% |
| Industrial Products | 5.6% | 3.0% |
| Retailing | 1.8% | 5.6% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Mid Cap vs Nippon India ETF Nifty Midcap 150: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Mid Cap Fund | Nippon India ETF Nifty Midcap 150 |
|---|---|---|
| Total expense ratio (Direct) | 0.91% | 0.28% |
| Base expense ratio (Direct) | 0.49% | 0.18% |
| Total expense ratio (Regular) | 2.44% | Not available |
| Base expense ratio (Regular) | 1.83% | 0.00% |
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
ITI Mid Cap Fund vs Nippon India ETF Nifty Midcap 150: Frequently Asked Questions
What is the difference between ITI Mid Cap Fund and Nippon India ETF Nifty Midcap 150?
ITI Mid Cap Fund is a Mid Cap fund, Nippon India ETF Nifty Midcap 150 is a mutual fund, run by ITI Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 41.0%. ITI Mid Cap Fund charges 0.91% a year and Nippon India ETF Nifty Midcap 150 0.28%.
Which has given higher returns, ITI Mid Cap Fund or Nippon India ETF Nifty Midcap 150?
Over 1 year: ITI Mid Cap Fund −1.25%, Nippon India ETF Nifty Midcap 150 −4.46%. Over 3 years: ITI Mid Cap Fund +17.72% a year, Nippon India ETF Nifty Midcap 150 +13.60% a year. Over 5 years: ITI Mid Cap Fund +14.03% a year, Nippon India ETF Nifty Midcap 150 +13.60% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Mid Cap Fund or Nippon India ETF Nifty Midcap 150?
Nippon India ETF Nifty Midcap 150 charges less: 0.28% a year against 0.91%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Mid Cap Fund and Nippon India ETF Nifty Midcap 150 overlap?
41.0%. They hold 53 of the same securities, the largest shared ones being FEDERALBNK, PAYTM, BHEL. From each fund's latest monthly portfolio.
Which is better for SIP, ITI Mid Cap Fund or Nippon India ETF Nifty Midcap 150?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,78,372 in ITI Mid Cap Fund (XIRR 14.3% a year) and ₹8,28,575 in Nippon India ETF Nifty Midcap 150 (XIRR 12.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ITI Mid Cap Fund and Nippon India ETF Nifty Midcap 150?
Yes. 41.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.