LIC Mf NIFTY Midcap 100 ETF vs TRUSTMF Mid Cap 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 TRUSTMF Mid Cap Fund is a Mid Cap fund. LIC Mf NIFTY Midcap 100 ETF charges 0.21% a year and TRUSTMF Mid Cap Fund 1.91%. Their portfolios overlap 38.1%: they hold 30 of the same securities.
Which is better, LIC Mf NIFTY Midcap 100 ETF or TRUSTMF Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC Mf NIFTY Midcap 100 ETF costs less: 0.21% a year against 1.91%.
- TRUSTMF Mid Cap fell less in its worst fall since 24-03-2026: −12.0% against −13.4%.
- TRUSTMF Mid Cap is the larger fund: ₹687 Cr against ₹629 Cr.
- Their portfolios overlap 38.1%: 30 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 | LIC Mf NIFTY Midcap 100 ETF | TRUSTMF Mid Cap Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Trust Mutual Fund |
| Category | ETF | Mid Cap |
| AUM | ₹629 Cr (30-09-2026) | ₹687 Cr (30-09-2026) |
| NAV | ₹57.54 | ₹11.46 (Direct) |
| Expense ratio (Direct) | Not available | 1.91% |
| Expense ratio (Regular) | Not available | 3.55% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Midcap 100 TRI | Not available |
| Launch date | 14-02-2024 | Not available |
| Minimum investment | For 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 | Not available |
| Lock in | None | Not available |
| Fund managers | Nikhil Kapoor, Sasikant Aravamuthan | Not available |
| Exit load | Nil | Not available |
LIC Mf NIFTY Midcap 100 ETF vs TRUSTMF Mid Cap: 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 |
|---|---|---|---|---|---|---|---|
| LIC Mf NIFTY Midcap 100 ETF | −3.39% | −8.75% | −4.23% | −4.56% | -- | -- | -- |
| TRUSTMF Mid Cap Fund (Direct) | −2.72% | −3.54% | +6.80% | -- | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | -- | -- | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
LIC Mf NIFTY Midcap 100 ETF vs TRUSTMF Mid Cap: Year-wise Returns
| Year | LIC Mf NIFTY Midcap 100 ETFLIC Mf NIFTY Midcap 100 ETF | TRUSTMF Mid CapTRUSTMF Mid Cap |
|---|---|---|
| 2026to date | −5.24% | -- |
| 2025 | +6.12% | -- |
LIC Mf NIFTY Midcap 100 ETF vs TRUSTMF Mid Cap: Rolling Returns
Every holding period of both funds, against NIFTY Midcap 100 TRI, the benchmark of LIC Mf NIFTY Midcap 100 ETF
LIC Mf NIFTY Midcap 100 ETF vs TRUSTMF Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC Mf NIFTY Midcap 100 ETF | TRUSTMF Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.93% | +25.18% |
| Standard deviation | 18.21% | 14.73% |
| Sharpe ratio | 0.00 | 1.35 |
| Sortino ratio | 0.00 | 1.89 |
| Maximum drawdown | −21.2% (28-02-2025) | −12.0% (23-10-2026) |
| Beta | 1.00 | 0.85 |
| Alpha | −0.43% | +15.71% |
From daily NAVs, 19-02-2024 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.
LIC Mf NIFTY Midcap 100 ETF
TRUSTMF Mid Cap Fund (Direct)
NIFTY Midcap 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC Mf NIFTY Midcap 100 ETF | −13.4% | 31-08-2026 | 23-10-2026 | Not yet | -- | −11.0% |
| TRUSTMF Mid Cap Fund (Direct) | −12.0% | 26-08-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| NIFTY Midcap 100 TRI | −13.1% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.7% |
From daily values since 24-03-2026, the first day every fund has.
LIC Mf NIFTY Midcap 100 ETF vs TRUSTMF Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: LIC Mf NIFTY Midcap 100 ETF, September 2026; TRUSTMF Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 38.1%
- Held by both
- 30
- Only in LIC Mf NIFTY Midcap 100 ETF
- 70
- Only in TRUSTMF Mid Cap
- 34
| Security | % of LIC Mf NIFTY Midcap 100 ETF | % of TRUSTMF Mid Cap |
|---|---|---|
| Multi Commodity Exchange Of India Ltd. | 2.62% | 4.01% |
| Laurus Labs Ltd. | 2.39% | 2.71% |
| The Federal Bank Ltd. | 2.43% | 2.29% |
| One 97 Communications Ltd. | 2.20% | 2.19% |
| The Indian Hotels Company Ltd. | 1.92% | 2.14% |
| AU Small Finance Bank Ltd. | 1.78% | 2.21% |
| Dixon Technologies (India) Ltd. | 1.69% | 3.57% |
| Info Edge (India) Ltd. | 1.45% | 1.58% |
| Aurobindo Pharma Ltd. | 1.44% | 2.99% |
| FSN E-Commerce Ventures Ltd. | 1.36% | 1.69% |
| Bharat Heavy Electricals Ltd. | 1.88% | 1.33% |
| Marico Ltd. | 1.29% | 1.89% |
| APL Apollo Tubes Ltd. | 1.23% | 1.71% |
| GE Vernova T&D India Limited | 1.62% | 1.22% |
| PB Fintech Ltd. | 1.14% | 1.87% |
| The Phoenix Mills Ltd. | 1.12% | 2.48% |
| Swiggy Ltd. | 1.10% | 2.25% |
| Radico Khaitan Ltd. | 1.06% | 2.90% |
| Lodha Developers Ltd. | 1.04% | 1.04% |
| Ashok Leyland Ltd. | 1.37% | 1.02% |
| Apar Industries Ltd. | 1.02% | 1.34% |
| Aditya Birla Capital Ltd. | 0.98% | 1.12% |
| National Aluminium Company Ltd. | 0.95% | 1.42% |
| Biocon Ltd. | 0.82% | 0.78% |
| Lenskart Solutions Ltd. | 0.71% | 3.20% |
| JSW Energy Ltd. | 0.94% | 0.70% |
| Kalyan Jewellers India Ltd. | 0.66% | 2.54% |
| L&T Finance Ltd. | 0.70% | 0.60% |
| Hindustan Copper Ltd. | 0.56% | 1.78% |
| Motilal Oswal Financial Services Ltd. | 0.48% | 1.66% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.1% means 38.1% 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 |
|---|---|
| Hero MotoCorp Ltd. | 2.11% |
| Coforge Ltd. | 1.89% |
| IndusInd Bank Ltd. | 1.85% |
| Persistent Systems Ltd. | 1.79% |
| IDFC First Bank Ltd. | 1.68% |
Largest holdings only in TRUSTMF Mid Cap Fund
| Security | % of fund |
|---|---|
| ITC Hotels Limited | 2.18% |
| Bharti Hexacom Limited | 1.67% |
| Jyoti CNC Automation Ltd | 1.67% |
| Data Patterns (India) Limited | 1.55% |
| Eternal Limited | 1.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC Mf NIFTY Midcap 100 ETF | TRUSTMF Mid Cap |
|---|---|---|
| Equity | 99.4% | 94.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.6% | 5.8% |
Market cap of stocks
| Market cap | LIC Mf NIFTY Midcap 100 ETF | TRUSTMF Mid Cap |
|---|---|---|
| Large Cap | 6.7% | 5.2% |
| Mid Cap | 91.1% | 66.4% |
| Small Cap | 1.6% | 19.9% |
| Not on AMFI's list | 0.0% | 2.7% |
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 | LIC Mf NIFTY Midcap 100 ETF | TRUSTMF Mid Cap |
|---|---|---|
| Banks | 10.8% | 6.6% |
| Retailing | 6.1% | 10.2% |
| Pharmaceuticals & Biotechnology | 8.2% | 8.4% |
| Consumer Durables | 5.1% | 8.0% |
| Electrical Equipment | 7.0% | 5.7% |
| Capital Markets | 4.8% | 6.4% |
| Aerospace & Defense | 0.3% | 5.9% |
| IT - Software | 5.3% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
LIC Mf NIFTY Midcap 100 ETF vs TRUSTMF Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC Mf NIFTY Midcap 100 ETF | TRUSTMF Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.91% |
| Base expense ratio (Direct) | 0.00% | 0.57% |
| Total expense ratio (Regular) | Not available | 3.55% |
| Base expense ratio (Regular) | 0.13% | 2.04% |
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 TRUSTMF Mid Cap Fund: Frequently Asked Questions
What is the difference between LIC Mf NIFTY Midcap 100 ETF and TRUSTMF Mid Cap Fund?
LIC Mf NIFTY Midcap 100 ETF is an ETF fund, TRUSTMF Mid Cap Fund is a Mid Cap fund, run by LIC Mutual Fund and Trust Mutual Fund. Their portfolios overlap 38.1%. LIC Mf NIFTY Midcap 100 ETF charges 0.21% a year and TRUSTMF Mid Cap Fund 1.91%.
Which has the lower expense ratio, LIC Mf NIFTY Midcap 100 ETF or TRUSTMF Mid Cap Fund?
LIC Mf NIFTY Midcap 100 ETF charges less: 0.21% a year against 1.91%. These are the total expense ratios reported to AMFI.
How much do LIC Mf NIFTY Midcap 100 ETF and TRUSTMF Mid Cap Fund overlap?
38.1%. They hold 30 of the same securities, the largest shared ones being MCX, LAURUSLABS, FEDERALBNK. From each fund's latest monthly portfolio.
Can I invest in both LIC Mf NIFTY Midcap 100 ETF and TRUSTMF Mid Cap Fund?
Yes. 38.1% of each fund's money sits in the same holdings, so some 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.