ITI Mid Cap Fund vs Tata NIFTY Midcap 150 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Mid Cap Fund is a Mid Cap fund and Tata NIFTY Midcap 150 Index Fund is a mutual fund. In the year to 30-10-2026, ITI Mid Cap Fund (Direct) returned −1.3% and Tata NIFTY Midcap 150 Index Fund (Direct) returned −4.7%. ITI Mid Cap Fund charges 0.91% a year and Tata NIFTY Midcap 150 Index Fund 0.29% (Direct plans). Their portfolios overlap 40.9%: they hold 53 of the same securities.
Tata NIFTY Midcap 150 Index Fund
- 1 year return
- −4.7%
- Expense ratio
- 0.29%
- NAV
- ₹10.02
Which is better, ITI Mid Cap or Tata 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.
- ITI Mid Cap returned more over 1 year: −1.3% against −4.7%.
- Tata NIFTY Midcap 150 Index costs less: 0.29% a year against 0.91% (Direct plans).
- Tata NIFTY Midcap 150 Index fell less in its worst fall since 25-06-2025: −14.1% against −14.2%.
- ITI Mid Cap is the larger fund: ₹1,453 Cr against ₹318 Cr.
- Their portfolios overlap 40.9%: 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 | Tata NIFTY Midcap 150 Index Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | Tata Mutual Fund |
| Category | Mid Cap | Not available |
| AUM | ₹1,453 Cr (30-09-2026) | ₹318 Cr (30-09-2026) |
| NAV | ₹23.54 (Direct) | ₹10.02 (Direct) |
| Expense ratio (Direct) | 0.91% | 0.29% |
| Expense ratio (Regular) | 2.44% | 1.10% |
| 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 Tata 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.
| 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% | -- |
| Tata NIFTY Midcap 150 Index Fund (Direct) | −3.69% | −8.55% | −4.10% | −4.74% | -- | -- | -- |
| 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 Tata NIFTY Midcap 150 Index: Year-wise Returns
| Year | ITI Mid CapITI Mid Cap | Tata NIFTY Midcap 150 IndexTata NIFTY Midcap 150 Index | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −3.67% | −5.27% | −4.97% |
| 2025 | +6.57% | -- | +5.98% |
| 2024 | +32.42% | -- | +24.46% |
| 2023 | +43.86% | -- | +44.61% |
| 2022 | +4.02% | -- | +3.91% |
ITI Mid Cap vs Tata NIFTY Midcap 150 Index: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 86 of them, one for each trading day from 25-06-2026 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)
Tata NIFTY Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
to
Jul 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 | 7.0 | 8.1 | 32.6 | 29.1 | 23.3 | 0.0 | 0.0 | 10.3% | 10.2% | −3.5% | 19.3% | 100% |
| Tata NIFTY Midcap 150 Index | 12.8 | 33.7 | 34.9 | 18.6 | 0.0 | 0.0 | 0.0 | 5.6% | 5.4% | −5.9% | 13.7% | 0% |
| Nifty Midcap 150 TRI | 10.5 | 25.6 | 41.9 | 22.1 | 0.0 | 0.0 | 0.0 | 6.0% | 5.8% | −5.5% | 14.1% | -- |
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 25-06-2025. Past returns do not promise future returns.
ITI Mid Cap vs Tata 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
₹10,000 on the first trading day of every month, from 02-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Mid CapITI Mid Cap Fund (Direct) | ₹1,70,000 | ₹1,67,955 | −₹2,045 | −1.6% |
| Tata NIFTY Midcap 150 IndexTata NIFTY Midcap 150 Index Fund (Direct) | ₹1,70,000 | ₹1,64,056 | −₹5,944 | −4.7% |
ITI Mid CapITI Mid Cap Fund (Direct)
Tata NIFTY Midcap 150 IndexTata 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.
ITI Mid Cap vs Tata NIFTY Midcap 150 Index: 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) | Tata NIFTY Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.25% | −4.74% |
| Standard deviation | 16.73% | 16.58% |
| Sharpe ratio | -0.39 | -0.60 |
| Sortino ratio | -0.52 | -0.81 |
| Maximum drawdown | −14.2% (31-03-2026) | −14.1% (31-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | +3.04% | −0.36% |
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) | Tata NIFTY Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.40% | −1.83% |
| Standard deviation | 16.21% | 15.30% |
| Sharpe ratio | 0.67 | -0.47 |
| Sortino ratio | 0.89 | -0.62 |
| Maximum drawdown | −22.7% (20-06-2022) | −14.1% (31-03-2026) |
| Beta | 0.94 | 1.00 |
| Alpha | +0.42% | −0.44% |
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)
Tata NIFTY Midcap 150 Index Fund (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) | −14.2% | 02-01-2026 | 31-03-2026 | 07-05-2026 | 37 days | −11.2% |
| Tata NIFTY Midcap 150 Index Fund (Direct) | −14.1% | 07-01-2026 | 31-03-2026 | 07-05-2026 | 37 days | −10.6% |
| Nifty Midcap 150 TRI | −13.9% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.5% |
From daily values since 25-06-2025, 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)
Tata NIFTY Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Mid Cap Fund (Direct) | 108% | 96% | 3.22% |
| Tata NIFTY Midcap 150 Index Fund (Direct) | 99% | 101% | 0.15% |
From month-end values since 25-06-2025. 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 Tata NIFTY Midcap 150 Index: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Mid Cap Fund, September 2026; Tata NIFTY Midcap 150 Index Fund, September 2026
Holdings in common
- Overlap
- 40.9%
- Held by both
- 53
- Only in ITI Mid Cap
- 40
- Only in Tata NIFTY Midcap 150 Index
- 96
| Security | % of ITI Mid Cap | % of Tata NIFTY Midcap 150 Index |
|---|---|---|
| The Federal Bank Limited | 2.88% | 1.94% |
| One 97 Communications Limited | 1.92% | 1.78% |
| 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% |
| Mahindra & Mahindra Financial Services Limited | 0.80% | 0.53% |
| Lupin Limited | 0.53% | 1.22% |
| JK Cement Limited | 1.24% | 0.52% |
| 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% | 0.43% |
| 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% |
| Steel Authority of India Limited | 0.33% | 0.65% |
| Thermax Limited | 0.83% | 0.32% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.86% | 0.28% |
| Bharti Hexacom Limited | 1.04% | 0.26% |
| 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. 40.9% means 40.9% 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 Tata NIFTY Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| LAURUS LABS LTD | 1.91% |
| HERO MOTOCORP LTD | 1.68% |
| INDIAN HOTELS CO. LTD | 1.58% |
| COFORGE LTD | 1.50% |
| 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 | Tata NIFTY Midcap 150 Index |
|---|---|---|
| Equity | 97.1% | 98.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.9% | 1.3% |
Market cap of stocks
| Market cap | ITI Mid Cap | Tata NIFTY Midcap 150 Index |
|---|---|---|
| Large Cap | 14.5% | 5.7% |
| Mid Cap | 65.0% | 90.4% |
| 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 | Tata NIFTY Midcap 150 Index |
|---|---|---|
| Banks | 12.1% | 8.7% |
| Pharmaceuticals & Biotechnology | 8.3% | 9.2% |
| Finance | 7.9% | 6.2% |
| Auto Components | 7.4% | 4.6% |
| Electrical Equipment | 6.1% | 6.0% |
| Industrial Products | 5.6% | 3.0% |
| Retailing | 1.8% | 5.6% |
| Capital Markets | 3.8% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Mid Cap vs Tata NIFTY Midcap 150 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Mid Cap Fund | Tata NIFTY Midcap 150 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.91% | 0.29% |
| Base expense ratio (Direct) | 0.49% | 0.11% |
| Total expense ratio (Regular) | 2.44% | 1.10% |
| Base expense ratio (Regular) | 1.83% | 0.90% |
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 Tata NIFTY Midcap 150 Index Fund: Frequently Asked Questions
What is the difference between ITI Mid Cap Fund and Tata NIFTY Midcap 150 Index Fund?
ITI Mid Cap Fund is a Mid Cap fund, Tata NIFTY Midcap 150 Index Fund is a mutual fund, run by ITI Mutual Fund and Tata Mutual Fund. Their portfolios overlap 40.9%. ITI Mid Cap Fund charges 0.91% a year and Tata NIFTY Midcap 150 Index Fund 0.29%.
Which has given higher returns, ITI Mid Cap Fund or Tata NIFTY Midcap 150 Index Fund?
Over 1 year: ITI Mid Cap Fund −1.25%, Tata NIFTY Midcap 150 Index Fund −4.74%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Mid Cap Fund or Tata NIFTY Midcap 150 Index Fund?
Tata NIFTY Midcap 150 Index Fund charges less: 0.29% a year against 0.91%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Mid Cap Fund and Tata NIFTY Midcap 150 Index Fund overlap?
40.9%. They hold 53 of the same securities, the largest shared ones being FEDERALBNK, PAYTM, BHEL. From each fund's latest monthly portfolio.
Can I invest in both ITI Mid Cap Fund and Tata NIFTY Midcap 150 Index Fund?
Yes. 40.9% 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.