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    Motilal Oswal 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

    Motilal Oswal Nifty Midcap 100 ETF is an ETF fund and Nippon India Nifty Midcap 150 Index Fund is a mutual fund. In the 3 years to 30-10-2026, Motilal Oswal Nifty Midcap 100 ETF returned 14.5% a year and Nippon India Nifty Midcap 150 Index Fund (Direct) returned 13.4% a year. Motilal Oswal Nifty Midcap 100 ETF charges 0.34% a year and Nippon India Nifty Midcap 150 Index Fund 0.42%. Their portfolios overlap 80.7%: they hold 100 of the same securities.

    Motilal Oswal Nifty Midcap 100 ETF

    ETF

    3 year return
    14.5%
    Expense ratio
    0.34%
    NAV
    ₹61.90
    See Motilal Oswal Nifty Midcap 100 ETF

    Nippon India Nifty Midcap 150 Index Fund

    3 year return
    13.4%
    Expense ratio
    0.42%
    NAV
    ₹24.42
    See Nippon India Nifty Midcap 150 Index Fund

    Which is better, Motilal Oswal 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.

    • Motilal Oswal Nifty Midcap 100 ETF returned more over 5 years: 14.1% a year against 13.4%.
    • Motilal Oswal Nifty Midcap 100 ETF returned more over 3 years: 14.5% a year against 13.4%.
    • Motilal Oswal Nifty Midcap 100 ETF costs less: 0.34% a year against 0.42%.
    • Nippon India Nifty Midcap 150 Index swung less over 3 years: a standard deviation of 17.0% a year against 17.9%.
    • Nippon India Nifty Midcap 150 Index fell less in its worst fall since 23-02-2021: −21.4% against −22.6%.
    • Nippon India Nifty Midcap 150 Index is the larger fund: ₹2,675 Cr against ₹821 Cr.
    • Their portfolios overlap 80.7%: 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

    FactMotilal Oswal Nifty Midcap 100 ETFNippon India Nifty Midcap 150 Index Fund
    Fund houseMotilal Oswal Mutual FundNippon India Mutual Fund
    CategoryETFNot available
    AUM₹821 Cr (30-09-2026)₹2,675 Cr (30-09-2026)
    NAV₹61.90₹24.42 (Direct)
    Expense ratio (Direct)Not available0.42%
    Expense ratio (Regular)Not available0.93%
    RiskometerVery HighNot available
    BenchmarkNIFTY Midcap 100 TRINot available
    Launch date31-01-2011Not available
    Minimum investment₹500Not available
    Lock inNoneNot available
    Fund managersSwapnil MayekarNot available
    Exit loadYesNot available

    Motilal Oswal 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
    Motilal Oswal Nifty Midcap 100 ETF−3.38%−8.43%−3.85%−4.14%+14.53%+14.09%+14.13%
    Nippon India Nifty Midcap 150 Index Fund (Direct)−3.63%−8.46%−4.01%−4.54%+13.42%+13.39%--

    Motilal Oswal Nifty Midcap 100 ETF vs Nippon India Nifty Midcap 150 Index: Year-wise Returns

    YearMotilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETFNippon India Nifty Midcap 150 IndexNippon India Nifty Midcap 150 Index
    2026to date−4.83%−5.12%
    2025+6.22%+5.61%
    2024+24.51%+23.83%
    2023+47.37%+44.05%
    2022+4.11%+3.36%
    2021+46.83%--

    Motilal Oswal 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 Motilal Oswal Nifty Midcap 100 ETF

    Rolling returns

    Every 3-year holding period, 662 of them, one for each trading day from 23-02-2024 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.

    0%10%20%30%40%
    May 2021
    to
    May 2024
    Oct 2021
    to
    Oct 2024
    Apr 2022
    to
    Apr 2025
    Sept 2022
    to
    Sept 2025
    Mar 2023
    to
    Mar 2026
    Aug 2023
    to
    Aug 2026
    Motilal Oswal 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
    Motilal Oswal Nifty Midcap 100 ETF0.00.00.03.59.246.440.924.1%24.1%13.3%32.5%1%
    Nippon India Nifty Midcap 150 Index0.00.00.04.714.550.830.022.9%22.9%12.3%30.8%0%
    NIFTY Midcap 100 TRI0.00.00.03.58.345.942.324.2%24.3%13.3%32.7%--

    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 23-02-2021. Past returns do not promise future returns.

    Motilal Oswal 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 01-02-2021 to 30-10-2026: 69 instalments, ₹6,90,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF ₹6,90,000 ₹10,31,922 ₹3,41,922 13.9%
    Nippon India Nifty Midcap 150 IndexNippon India Nifty Midcap 150 Index Fund (Direct) ₹6,90,000 ₹10,02,700 ₹3,12,700 12.9%
    ₹0₹5.0 L₹10.0 L₹15.0 L
    20222023202420252026
    Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal 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.

    Motilal Oswal 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

    MeasureMotilal Oswal Nifty Midcap 100 ETFNippon India Nifty Midcap 150 Index Fund (Direct)
    Return (CAGR)+14.53%+13.42%
    Standard deviation17.94%17.01%
    Sharpe ratio0.470.43
    Sortino ratio0.630.58
    Maximum drawdown−21.1% (28-02-2025)−21.1% (28-02-2025)
    Beta1.001.00
    Alpha−0.09%−0.38%

    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.

    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%
    20222023202420252026
    Motilal Oswal 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
    Motilal Oswal Nifty Midcap 100 ETF−22.6%18-10-202120-06-202205-12-20226 months−10.7%
    Nippon India Nifty Midcap 150 Index Fund (Direct)−21.4%18-10-202120-06-202212-09-20223 months−10.5%
    NIFTY Midcap 100 TRI−22.6%18-10-202120-06-202202-12-20225 months−10.7%

    From daily values since 23-02-2021, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%
    20252026
    Motilal Oswal Nifty Midcap 100 ETFNippon India Nifty Midcap 150 Index Fund (Direct)NIFTY Midcap 100 TRI

    Against NIFTY Midcap 100 TRI

    FundUp captureDown captureTracking error
    Motilal Oswal Nifty Midcap 100 ETF100%101%0.22%
    Nippon India Nifty Midcap 150 Index Fund (Direct)94%95%1.67%

    From month-end values since 23-02-2021. 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.

    Motilal Oswal Nifty Midcap 100 ETF vs Nippon India Nifty Midcap 150 Index: Portfolio Overlap

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

    Holdings in common

    Overlap
    80.7%
    Held by both
    100
    Only in Motilal Oswal Nifty Midcap 100 ETF
    0
    Only in Nippon India Nifty Midcap 150 Index
    49
    Security% of Motilal Oswal Nifty Midcap 100 ETF% of Nippon India Nifty Midcap 150 Index
    Multi Commodity Exchange of India Limited2.58%2.08%
    The Federal Bank Limited2.40%1.94%
    Laurus Labs Limited2.36%1.91%
    One 97 Communications Limited2.21%1.79%
    Hero MotoCorp Limited2.09%1.68%
    The Indian Hotels Company Limited1.96%1.58%
    Coforge Limited1.87%1.51%
    Bharat Heavy Electricals Limited1.86%1.50%
    IndusInd Bank Limited1.82%1.47%
    AU Small Finance Bank Limited1.80%1.45%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 80.7% means 80.7% 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 Motilal Oswal 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

    AssetMotilal Oswal Nifty Midcap 100 ETFNippon India Nifty Midcap 150 Index
    Equity100.0%99.0%
    Debt0.0%0.0%
    Cash and others-0.0%1.0%

    Market cap of stocks

    Market capMotilal Oswal Nifty Midcap 100 ETFNippon India Nifty Midcap 150 Index
    Large Cap7.1%5.7%
    Mid Cap91.3%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

    SectorMotilal Oswal Nifty Midcap 100 ETFNippon India Nifty Midcap 150 Index
    Banks10.7%8.7%
    Pharmaceuticals & Biotechnology8.0%9.2%
    Electrical Equipment7.0%6.0%
    Retailing7.0%5.6%
    Finance4.8%6.8%
    IT - Software5.3%4.5%
    Capital Markets5.3%4.2%
    Auto Components3.8%4.6%

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

    Motilal Oswal 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

    ChargeMotilal Oswal 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)0.20%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.

    Motilal Oswal Nifty Midcap 100 ETF vs Nippon India Nifty Midcap 150 Index Fund: Frequently Asked Questions

    What is the difference between Motilal Oswal Nifty Midcap 100 ETF and Nippon India Nifty Midcap 150 Index Fund?

    Motilal Oswal Nifty Midcap 100 ETF is an ETF fund, Nippon India Nifty Midcap 150 Index Fund is a mutual fund, run by Motilal Oswal Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 80.7%. Motilal Oswal Nifty Midcap 100 ETF charges 0.34% a year and Nippon India Nifty Midcap 150 Index Fund 0.42%.

    Which has given higher returns, Motilal Oswal Nifty Midcap 100 ETF or Nippon India Nifty Midcap 150 Index Fund?

    Over 1 year: Motilal Oswal Nifty Midcap 100 ETF −4.14%, Nippon India Nifty Midcap 150 Index Fund −4.54%. Over 3 years: Motilal Oswal Nifty Midcap 100 ETF +14.53% a year, Nippon India Nifty Midcap 150 Index Fund +13.42% a year. Over 5 years: Motilal Oswal Nifty Midcap 100 ETF +14.09% a year, Nippon India Nifty Midcap 150 Index Fund +13.39% a year. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Motilal Oswal Nifty Midcap 100 ETF or Nippon India Nifty Midcap 150 Index Fund?

    Motilal Oswal Nifty Midcap 100 ETF charges less: 0.34% a year against 0.42%. These are the total expense ratios reported to AMFI.

    How much do Motilal Oswal Nifty Midcap 100 ETF and Nippon India Nifty Midcap 150 Index Fund overlap?

    80.7%. They hold 100 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.

    Which is better for SIP, Motilal Oswal Nifty Midcap 100 ETF or Nippon India Nifty Midcap 150 Index Fund?

    Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,44,232 in Motilal Oswal Nifty Midcap 100 ETF (XIRR 12.8% a year) and ₹8,24,679 in Nippon India Nifty Midcap 150 Index Fund (XIRR 11.8% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both Motilal Oswal Nifty Midcap 100 ETF and Nippon India Nifty Midcap 150 Index Fund?

    Yes. 80.7% 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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