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    LIC Mf NIFTY Midcap 100 ETF vs Nippon India Nifty Midcap 150 Index 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 Nippon India Nifty Midcap 150 Index Fund is a mutual fund. In the year to 30-10-2026, LIC Mf NIFTY Midcap 100 ETF returned −4.6% and Nippon India Nifty Midcap 150 Index Fund (Direct) returned −4.5%. LIC Mf NIFTY Midcap 100 ETF charges 0.21% a year and Nippon India Nifty Midcap 150 Index Fund 0.42%. Their portfolios overlap 80.0%: they hold 100 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

    Nippon India Nifty Midcap 150 Index Fund

    1 year return
    −4.5%
    Expense ratio
    0.42%
    NAV
    ₹24.42
    See Nippon India Nifty Midcap 150 Index Fund

    Which is better, LIC Mf NIFTY Midcap 100 ETF or Nippon India 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.

    • Nippon India Nifty Midcap 150 Index returned more over 1 year: −4.5% against −4.6%.
    • LIC Mf NIFTY Midcap 100 ETF costs less: 0.21% a year against 0.42%.
    • Nippon India Nifty Midcap 150 Index fell less in its worst fall since 19-02-2024: −21.1% against −21.2%.
    • Nippon India Nifty Midcap 150 Index is the larger fund: ₹2,675 Cr against ₹629 Cr.
    • Their portfolios overlap 80.0%: 100 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 ETFNippon India Nifty Midcap 150 Index Fund
    Fund houseLIC Mutual FundNippon India Mutual Fund
    CategoryETFNot available
    AUM₹629 Cr (30-09-2026)₹2,675 Cr (30-09-2026)
    NAV₹57.54₹24.42 (Direct)
    Expense ratio (Direct)Not available0.42%
    Expense ratio (Regular)Not available0.93%
    RiskometerVery HighNot available
    BenchmarkNifty Midcap 100 TRINot available
    Launch date14-02-2024Not available
    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. AnyNot available
    Lock inNoneNot available
    Fund managersNikhil Kapoor, Sasikant AravamuthanNot available
    Exit loadNilNot available

    LIC Mf NIFTY Midcap 100 ETF vs Nippon India 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
    LIC Mf NIFTY Midcap 100 ETF−3.39%−8.75%−4.23%−4.56%------
    Nippon India Nifty Midcap 150 Index Fund (Direct)−3.63%−8.46%−4.01%−4.54%+13.42%+13.39%--

    LIC Mf NIFTY Midcap 100 ETF vs Nippon India Nifty Midcap 150 Index: Year-wise Returns

    YearLIC Mf NIFTY Midcap 100 ETFLIC Mf NIFTY Midcap 100 ETFNippon India Nifty Midcap 150 IndexNippon India Nifty Midcap 150 Index
    2026to date−5.24%−5.12%
    2025+6.12%+5.61%
    2024--+23.83%
    2023--+44.05%
    2022--+3.36%

    LIC Mf NIFTY Midcap 100 ETF vs Nippon India Nifty Midcap 150 Index: 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%−5%0%5%10%15%20%25%
    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 ETFNippon India Nifty Midcap 150 Index 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%
    Nippon India Nifty Midcap 150 Index15.627.633.916.35.31.20.06.0%5.7%−6.2%21.3%8%
    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 Nippon India 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 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%
    Nippon India Nifty Midcap 150 IndexNippon India Nifty Midcap 150 Index Fund (Direct) ₹3,30,000 ₹3,35,557 ₹5,557 1.2%
    ₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L
    20252026
    LIC Mf NIFTY Midcap 100 ETFLIC Mf NIFTY Midcap 100 ETFNippon India Nifty Midcap 150 IndexNippon India 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.

    LIC Mf NIFTY Midcap 100 ETF vs Nippon India Nifty Midcap 150 Index: Risk and Drawdowns

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

    Risk and return

    MeasureLIC Mf NIFTY Midcap 100 ETFNippon India Nifty Midcap 150 Index Fund (Direct)
    Return (CAGR)−4.56%−4.54%
    Standard deviation17.08%16.50%
    Sharpe ratio-0.57-0.59
    Sortino ratio-0.76-0.79
    Maximum drawdown−14.2% (31-03-2026)−13.9% (30-03-2026)
    Beta1.001.00
    Alpha−0.51%−0.20%

    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 ETFNippon India Nifty Midcap 150 Index 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%
    Nippon India Nifty Midcap 150 Index Fund (Direct)−21.1%24-09-202428-02-202517-11-20259 months−10.5%
    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 ETFNippon India Nifty Midcap 150 Index Fund (Direct)NIFTY Midcap 100 TRI

    Against NIFTY Midcap 100 TRI

    FundUp captureDown captureTracking error
    LIC Mf NIFTY Midcap 100 ETF99%101%0.22%
    Nippon India Nifty Midcap 150 Index Fund (Direct)96%97%1.65%

    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 Nippon India Nifty Midcap 150 Index: Portfolio Overlap

    From each fund's latest monthly portfolio: LIC Mf NIFTY Midcap 100 ETF, September 2026; Nippon India Nifty Midcap 150 Index Fund, September 2026

    Holdings in common

    Overlap
    80.0%
    Held by both
    100
    Only in LIC Mf NIFTY Midcap 100 ETF
    0
    Only in Nippon India Nifty Midcap 150 Index
    49
    Security% of LIC Mf NIFTY Midcap 100 ETF% of Nippon India Nifty Midcap 150 Index
    Multi Commodity Exchange Of India Ltd.2.62%2.08%
    The Federal Bank Ltd.2.43%1.94%
    Laurus Labs Ltd.2.39%1.91%
    One 97 Communications Ltd.2.20%1.79%
    Hero MotoCorp Ltd.2.11%1.68%
    The Indian Hotels Company Ltd.1.92%1.58%
    Coforge Ltd.1.89%1.51%
    Bharat Heavy Electricals Ltd.1.88%1.50%
    IndusInd Bank Ltd.1.85%1.47%
    AU Small Finance Bank Ltd.1.78%1.45%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 80.0% means 80.0% 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 LIC Mf NIFTY Midcap 100 ETF

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

    Largest holdings only in Nippon India Nifty Midcap 150 Index Fund

    Security% of fund
    Embassy Office Parks REIT0.94%
    Alkem Laboratories Limited0.77%
    Shree Cement Limited0.74%
    Sundaram Finance Limited0.74%
    Piramal Finance Limited0.66%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetLIC Mf NIFTY Midcap 100 ETFNippon India Nifty Midcap 150 Index
    Equity99.4%99.0%
    Debt0.0%0.0%
    Cash and others0.6%1.0%

    Market cap of stocks

    Market capLIC Mf NIFTY Midcap 100 ETFNippon India Nifty Midcap 150 Index
    Large Cap6.7%5.7%
    Mid Cap91.1%90.8%
    Small Cap1.6%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

    SectorLIC Mf NIFTY Midcap 100 ETFNippon India Nifty Midcap 150 Index
    Banks10.8%8.7%
    Pharmaceuticals & Biotechnology8.2%9.2%
    Electrical Equipment7.0%6.0%
    Finance4.8%6.8%
    Retailing6.1%5.6%
    IT - Software5.3%4.5%
    Consumer Durables5.1%4.4%
    Auto Components3.8%4.6%

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

    LIC Mf NIFTY Midcap 100 ETF vs Nippon India Nifty Midcap 150 Index: Expense Ratio

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

    ChargeLIC Mf NIFTY Midcap 100 ETFNippon India Nifty Midcap 150 Index Fund
    Total expense ratio (Direct)Not available0.42%
    Base expense ratio (Direct)0.00%0.25%
    Total expense ratio (Regular)Not available0.93%
    Base expense ratio (Regular)0.13%0.69%

    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.

    LIC Mf NIFTY Midcap 100 ETF vs Nippon India Nifty Midcap 150 Index Fund: Frequently Asked Questions

    What is the difference between LIC Mf NIFTY Midcap 100 ETF and Nippon India Nifty Midcap 150 Index Fund?

    LIC Mf NIFTY Midcap 100 ETF is an ETF fund, Nippon India Nifty Midcap 150 Index Fund is a mutual fund, run by LIC Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 80.0%. LIC Mf NIFTY Midcap 100 ETF charges 0.21% a year and Nippon India Nifty Midcap 150 Index Fund 0.42%.

    Which has given higher returns, LIC Mf NIFTY Midcap 100 ETF or Nippon India Nifty Midcap 150 Index Fund?

    Over 1 year: LIC Mf NIFTY Midcap 100 ETF −4.56%, Nippon India Nifty Midcap 150 Index Fund −4.54%. 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 Nippon India Nifty Midcap 150 Index Fund?

    LIC Mf NIFTY Midcap 100 ETF charges less: 0.21% a year against 0.42%. These are the total expense ratios reported to AMFI.

    How much do LIC Mf NIFTY Midcap 100 ETF and Nippon India Nifty Midcap 150 Index Fund overlap?

    80.0%. They hold 100 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.

    Can I invest in both LIC Mf NIFTY Midcap 100 ETF and Nippon India Nifty Midcap 150 Index Fund?

    Yes. 80.0% 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.

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