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    LIC Mf NIFTY Midcap 100 ETF vs Mirae Asset Midcap Fund

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

    LIC Mf NIFTY Midcap 100 ETF is an ETF fund and Mirae Asset Midcap Fund is a Mid Cap fund. In the year to 30-10-2026, LIC Mf NIFTY Midcap 100 ETF returned −4.6% and Mirae Asset Midcap Fund (Direct) returned −2.7%. LIC Mf NIFTY Midcap 100 ETF charges 0.21% a year and Mirae Asset Midcap Fund 0.96%. Their portfolios overlap 36.6%: they hold 32 of the same securities.

    LIC Mf NIFTY Midcap 100 ETF

    ETF

    1 year return
    −4.6%
    Expense ratio
    0.21%
    NAV
    ₹57.54
    See LIC Mf NIFTY Midcap 100 ETF

    Mirae Asset Midcap Fund

    Mid Cap

    1 year return
    −2.7%
    Expense ratio
    0.96%
    NAV
    ₹40.22
    See Mirae Asset Midcap Fund

    Which is better, LIC Mf NIFTY Midcap 100 ETF or Mirae Asset Midcap? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • Mirae Asset Midcap returned more over 1 year: −2.7% against −4.6%.
    • LIC Mf NIFTY Midcap 100 ETF costs less: 0.21% a year against 0.96%.
    • LIC Mf NIFTY Midcap 100 ETF fell less in its worst fall since 19-02-2024: −21.2% against −22.5%.
    • Mirae Asset Midcap is the larger fund: ₹19,539 Cr against ₹629 Cr.
    • Their portfolios overlap 36.6%: 32 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

    FactLIC Mf NIFTY Midcap 100 ETFMirae Asset Midcap Fund
    Fund houseLIC Mutual FundMirae Asset Mutual Fund
    CategoryETFMid Cap
    AUM₹629 Cr (30-09-2026)₹19,539 Cr (30-09-2026)
    NAV₹57.54₹40.22 (Direct)
    Expense ratio (Direct)Not available0.96%
    Expense ratio (Regular)Not available2.01%
    RiskometerVery HighVery High
    BenchmarkNifty Midcap 100 TRINifty Midcap 150 TRI
    Launch date14-02-202429-07-2019
    Minimum investmentFor Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any₹5,000
    Lock inNoneNone
    Fund managersNikhil Kapoor, Sasikant AravamuthanAnkit Jain
    Exit loadNilI.For investors who have optedfor SWP under the plan: a)15% of the units allotted(including Switch-in/STP - in)on or before completion of 365days from the date of allotmentof units: Nil. b)Any redemption in excess ofsuch limits in the first 365 daysfrom the date of allotment shallbe subject to the following exitload: (Redemption of unitswould be done on First In FirstOut Basis (FIFO): -If redeemed within 1 year (365days) from the date of allotment:1% -If redeemed after 1 year (365days) from the date of allotment:NIL II.Other Redemptions: ForInvestors who have not opted forSWP under the plan (includingSwitch out, STP out): -If redeemed within 1 year (365days) from the date of allotment:1% -If redeemed after 1 year (365days) from the date of allotment:NIL

    LIC Mf NIFTY Midcap 100 ETF vs Mirae Asset Midcap: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    LIC Mf NIFTY Midcap 100 ETF−3.39%−8.75%−4.23%−4.56%------
    Mirae Asset Midcap Fund (Direct)−3.96%−8.30%−0.66%−2.73%+14.31%+13.25%--
    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.

    LIC Mf NIFTY Midcap 100 ETF vs Mirae Asset Midcap: Year-wise Returns

    YearLIC Mf NIFTY Midcap 100 ETFLIC Mf NIFTY Midcap 100 ETFMirae Asset MidcapMirae Asset Midcap
    2026to date−5.24%−2.98%
    2025+6.12%+10.01%
    2024--+20.86%
    2023--+36.04%
    2022--+6.18%
    2021--+50.60%

    LIC Mf NIFTY Midcap 100 ETF vs Mirae Asset Midcap: Rolling Returns

    Every holding period of both funds, against NIFTY Midcap 100 TRI, the benchmark of LIC Mf NIFTY Midcap 100 ETF

    Rolling returns

    Every 1-year holding period, 417 of them, one for each trading day from 19-02-2025 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.

    −10%0%10%20%30%
    Apr 2024
    to
    Apr 2025    Jul 2024
    to
    Jul 2025    Nov 2024
    to
    Nov 2025    Feb 2025
    to
    Feb 2026    Jun 2025
    to
    Jun 2026    Sept 2025
    to
    Sept 2026
    LIC Mf NIFTY Midcap 100 ETFMirae Asset Midcap Fund (Direct)NIFTY Midcap 100 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    LIC Mf NIFTY Midcap 100 ETF15.620.935.321.65.31.40.06.6%6.6%−6.5%21.9%1%
    Mirae Asset Midcap9.126.026.421.412.52.91.78.4%8.1%−4.3%26.7%76%
    NIFTY Midcap 100 TRI13.720.636.222.55.01.90.06.9%6.9%−6.3%22.2%--

    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 NIFTY Midcap 100 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 19-02-2024. Past returns do not promise future returns.

    LIC Mf NIFTY Midcap 100 ETF vs Mirae Asset Midcap: 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 19-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    LIC Mf NIFTY Midcap 100 ETFLIC Mf NIFTY Midcap 100 ETF ₹3,30,000 ₹3,36,363 ₹6,363 1.4%
    Mirae Asset MidcapMirae Asset Midcap Fund (Direct) ₹3,30,000 ₹3,50,625 ₹20,625 4.4%
    ₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L
    20252026
    LIC Mf NIFTY Midcap 100 ETFLIC Mf NIFTY Midcap 100 ETFMirae Asset MidcapMirae Asset Midcap 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.

    LIC Mf NIFTY Midcap 100 ETF vs Mirae Asset Midcap: Risk and Drawdowns

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

    Risk and return

    MeasureLIC Mf NIFTY Midcap 100 ETFMirae Asset Midcap Fund (Direct)
    Return (CAGR)−4.56%−2.73%
    Standard deviation17.08%15.99%
    Sharpe ratio-0.57-0.50
    Sortino ratio-0.76-0.66
    Maximum drawdown−14.2% (31-03-2026)−14.4% (31-03-2026)
    Beta1.000.94
    Alpha−0.51%+1.10%

    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.

    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%
    20252026
    LIC Mf NIFTY Midcap 100 ETFMirae Asset Midcap Fund (Direct)NIFTY Midcap 100 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    LIC Mf NIFTY Midcap 100 ETF−21.2%24-09-202428-02-202512-11-20258 months−11.0%
    Mirae Asset Midcap Fund (Direct)−22.5%01-10-202428-02-202516-09-20257 months−10.8%
    NIFTY Midcap 100 TRI−21.1%24-09-202428-02-202512-11-20258 months−10.7%

    From daily values since 19-02-2024, 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.

    0%5%10%15%20%25%
    2026
    LIC Mf NIFTY Midcap 100 ETFMirae Asset Midcap Fund (Direct)NIFTY Midcap 100 TRI

    Against NIFTY Midcap 100 TRI

    FundUp captureDown captureTracking error
    LIC Mf NIFTY Midcap 100 ETF99%101%0.22%
    Mirae Asset Midcap Fund (Direct)102%98%3.58%

    From month-end values since 19-02-2024. 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.

    LIC Mf NIFTY Midcap 100 ETF vs Mirae Asset Midcap: Portfolio Overlap

    From each fund's latest monthly portfolio: LIC Mf NIFTY Midcap 100 ETF, September 2026; Mirae Asset Midcap Fund, September 2026

    Holdings in common

    Overlap
    36.6%
    Held by both
    32
    Only in LIC Mf NIFTY Midcap 100 ETF
    68
    Only in Mirae Asset Midcap
    33
    Security% of LIC Mf NIFTY Midcap 100 ETF% of Mirae Asset Midcap
    Laurus Labs Ltd.2.39%4.31%
    Hero MotoCorp Ltd.2.11%2.89%
    The Federal Bank Ltd.2.43%1.93%
    One 97 Communications Ltd.2.20%1.88%
    IndusInd Bank Ltd.1.85%2.69%
    Persistent Systems Ltd.1.79%2.86%
    Dixon Technologies (India) Ltd.1.69%2.66%
    Bharat Heavy Electricals Ltd.1.88%1.68%
    Bharat Forge Ltd.1.59%2.28%
    Lupin Ltd.1.53%3.34%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.6% means 36.6% 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 LIC Mf NIFTY Midcap 100 ETF

    Security% of fund
    The Indian Hotels Company Ltd.1.92%
    Coforge Ltd.1.89%
    AU Small Finance Bank Ltd.1.78%
    IDFC First Bank Ltd.1.68%
    GE Vernova T&D India Limited1.62%

    Largest holdings only in Mirae Asset Midcap Fund

    Security% of fund
    HDB Financial Services Ltd.3.36%
    Delhivery Ltd.3.01%
    Dalmia Bharat Ltd.2.54%
    Narayana Hrudayalaya Ltd.2.13%
    Axis Bank Ltd.2.13%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetLIC Mf NIFTY Midcap 100 ETFMirae Asset Midcap
    Equity99.4%97.6%
    Debt0.0%0.0%
    Cash and others0.6%2.4%

    Market cap of stocks

    Market capLIC Mf NIFTY Midcap 100 ETFMirae Asset Midcap
    Large Cap6.7%11.8%
    Mid Cap91.1%67.9%
    Small Cap1.6%15.6%
    Not on AMFI's list0.0%2.2%

    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

    SectorLIC Mf NIFTY Midcap 100 ETFMirae Asset Midcap
    Pharmaceuticals & Biotechnology8.2%11.5%
    Banks10.8%8.3%
    Consumer Durables5.1%7.8%
    Electrical Equipment7.0%1.7%
    Retailing6.1%6.4%
    Finance4.8%6.2%
    IT - Software5.3%2.9%
    Auto Components3.8%5.2%

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

    LIC Mf NIFTY Midcap 100 ETF vs Mirae Asset Midcap: Expense Ratio

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

    ChargeLIC Mf NIFTY Midcap 100 ETFMirae Asset Midcap Fund
    Total expense ratio (Direct)Not available0.96%
    Base expense ratio (Direct)0.00%0.53%
    Total expense ratio (Regular)Not available2.01%
    Base expense ratio (Regular)0.13%1.42%

    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

    LIC Mf NIFTY Midcap 100 ETF vs Mirae Asset Midcap Fund: Frequently Asked Questions

    What is the difference between LIC Mf NIFTY Midcap 100 ETF and Mirae Asset Midcap Fund?

    LIC Mf NIFTY Midcap 100 ETF is an ETF fund, Mirae Asset Midcap Fund is a Mid Cap fund, run by LIC Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 36.6%. LIC Mf NIFTY Midcap 100 ETF charges 0.21% a year and Mirae Asset Midcap Fund 0.96%.

    Which has given higher returns, LIC Mf NIFTY Midcap 100 ETF or Mirae Asset Midcap Fund?

    Over 1 year: LIC Mf NIFTY Midcap 100 ETF −4.56%, Mirae Asset Midcap Fund −2.73%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, LIC Mf NIFTY Midcap 100 ETF or Mirae Asset Midcap Fund?

    LIC Mf NIFTY Midcap 100 ETF charges less: 0.21% a year against 0.96%. These are the total expense ratios reported to AMFI.

    How much do LIC Mf NIFTY Midcap 100 ETF and Mirae Asset Midcap Fund overlap?

    36.6%. They hold 32 of the same securities, the largest shared ones being LAURUSLABS, HEROMOTOCO, FEDERALBNK. From each fund's latest monthly portfolio.

    Which is riskier, LIC Mf NIFTY Midcap 100 ETF or Mirae Asset Midcap Fund?

    On SEBI's riskometer, LIC Mf NIFTY Midcap 100 ETF is rated Very High and Mirae Asset Midcap Fund Very High. Over 1 years, the standard deviation of daily returns was 17.08% and 15.99% a year.

    Can I invest in both LIC Mf NIFTY Midcap 100 ETF and Mirae Asset Midcap Fund?

    Yes. 36.6% of each fund's money sits in the same holdings, so some of the two investments would move together.

    Who manages LIC Mf NIFTY Midcap 100 ETF and Mirae Asset Midcap Fund?

    LIC Mf NIFTY Midcap 100 ETF: Nikhil Kapoor, Sasikant Aravamuthan. Mirae Asset Midcap Fund: Ankit Jain.

    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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