Motilal Oswal Nifty Midcap 100 ETF vs Sundaram Mid Cap 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 Sundaram Mid Cap Fund is a Mid Cap fund. In the 3 years to 30-10-2026, Motilal Oswal Nifty Midcap 100 ETF returned 14.5% a year and Sundaram Mid Cap Fund (Direct) returned 16.4% a year. Motilal Oswal Nifty Midcap 100 ETF charges 0.34% a year and Sundaram Mid Cap Fund 1.06%. Their portfolios overlap 41.1%: they hold 37 of the same securities.
Motilal Oswal Nifty Midcap 100 ETF
ETF
- 3 year return
- 14.5%
- Expense ratio
- 0.34%
- NAV
- ₹61.90
Sundaram Mid Cap Fund
Mid Cap
- 3 year return
- 16.4%
- Expense ratio
- 1.06%
- NAV
- ₹1,508.12
Which is better, Motilal Oswal Nifty Midcap 100 ETF or Sundaram 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.
- Sundaram Mid Cap returned more over 5 years: 15.1% a year against 14.1%.
- Sundaram Mid Cap returned more over 3 years: 16.4% a year against 14.5%.
- Motilal Oswal Nifty Midcap 100 ETF costs less: 0.34% a year against 1.06%.
- Sundaram Mid Cap swung less over 3 years: a standard deviation of 15.8% a year against 17.9%.
- Sundaram Mid Cap fell less in its worst fall since 02-01-2013: −44.3% against −48.4%.
- Sundaram Mid Cap is the larger fund: ₹13,854 Cr against ₹821 Cr.
- Their portfolios overlap 41.1%: 37 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 | Motilal Oswal Nifty Midcap 100 ETF | Sundaram Mid Cap Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Sundaram Mutual Fund |
| Category | ETF | Mid Cap |
| AUM | ₹821 Cr (30-09-2026) | ₹13,854 Cr (30-09-2026) |
| NAV | ₹61.90 | ₹1,508.12 (Direct) |
| Expense ratio (Direct) | Not available | 1.06% |
| Expense ratio (Regular) | Not available | 1.87% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Midcap 100 TRI | Nifty Midcap 150 TRI |
| Launch date | 31-01-2011 | 01-07-2002 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Swapnil Mayekar | S Bharath, Shalav Saket |
| Exit load | Yes | Nil - If up to 25% of the units invested are redeemed or withdrawn by way of SWP within 365 days from the date of allotment. Any redemptions or withdrawals by way of SWP in excess of the above mentioned limit would be subject to an exit load of 1 %, if the units are redeemed within 365 days from the date of allotment of units. Further, exit load will be waived on Intra-scheme and Inter scheme Switch-outs/STP. |
Motilal Oswal Nifty Midcap 100 ETF vs Sundaram 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 |
|---|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Midcap 100 ETF | −3.38% | −8.43% | −3.85% | −4.14% | +14.53% | +14.09% | +14.13% |
| Sundaram Mid Cap Fund (Direct) | −3.35% | −9.04% | −3.11% | −4.58% | +16.41% | +15.07% | +13.18% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Motilal Oswal Nifty Midcap 100 ETF vs Sundaram Mid Cap: Year-wise Returns
| Year | Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF | Sundaram Mid CapSundaram Mid Cap |
|---|---|---|
| 2026to date | −4.83% | −4.19% |
| 2025 | +6.22% | +4.96% |
| 2024 | +24.51% | +33.13% |
| 2023 | +47.37% | +41.52% |
| 2022 | +4.11% | +5.82% |
| 2021 | +46.83% | +38.60% |
Motilal Oswal Nifty Midcap 100 ETF vs Sundaram Mid Cap: 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, 2,670 of them, one for each trading day from 04-01-2016 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.
Motilal Oswal Nifty Midcap 100 ETF
Sundaram Mid Cap Fund (Direct)
NIFTY Midcap 100 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Midcap 100 ETF | 7.6 | 5.0 | 8.2 | 12.9 | 16.7 | 22.5 | 27.0 | 18.0% | 19.9% | −12.9% | 39.9% | 0% |
| Sundaram Mid Cap | 7.9 | 5.2 | 7.5 | 13.2 | 13.5 | 19.5 | 33.2 | 18.6% | 20.8% | −10.5% | 43.4% | 46% |
| NIFTY Midcap 100 TRI | 6.8 | 5.0 | 6.3 | 12.7 | 15.8 | 23.6 | 29.7 | 18.8% | 20.6% | −12.4% | 40.9% | -- |
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 02-01-2013. Past returns do not promise future returns.
Motilal Oswal Nifty Midcap 100 ETF vs Sundaram Mid Cap: 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF | ₹16,60,000 | ₹54,70,849 | ₹38,10,849 | 15.9% |
| Sundaram Mid CapSundaram Mid Cap Fund (Direct) | ₹16,60,000 | ₹55,91,372 | ₹39,31,372 | 16.2% |
Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF
Sundaram Mid CapSundaram Mid Cap 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 Sundaram Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Nifty Midcap 100 ETF | Sundaram Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.14% | −4.58% |
| Standard deviation | 17.09% | 15.88% |
| Sharpe ratio | -0.55 | -0.62 |
| Sortino ratio | -0.73 | -0.84 |
| Maximum drawdown | −14.2% (30-03-2026) | −13.1% (23-10-2026) |
| Beta | 1.00 | 0.94 |
| Alpha | −0.08% | −0.77% |
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 | Motilal Oswal Nifty Midcap 100 ETF | Sundaram Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.53% | +16.41% |
| Standard deviation | 17.94% | 15.80% |
| Sharpe ratio | 0.47 | 0.66 |
| Sortino ratio | 0.63 | 0.89 |
| Maximum drawdown | −21.1% (28-02-2025) | −20.7% (28-02-2025) |
| Beta | 1.00 | 0.91 |
| Alpha | −0.09% | +3.32% |
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.
| Measure | Motilal Oswal Nifty Midcap 100 ETF | Sundaram Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.09% | +15.07% |
| Standard deviation | 17.73% | 15.57% |
| Sharpe ratio | 0.47 | 0.60 |
| Sortino ratio | 0.62 | 0.80 |
| Maximum drawdown | −21.1% (28-02-2025) | −20.7% (28-02-2025) |
| Beta | 1.00 | 0.91 |
| Alpha | −0.17% | +1.95% |
From daily NAVs, 29-10-2021 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.
| Measure | Motilal Oswal Nifty Midcap 100 ETF | Sundaram Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.02% | +16.92% |
| Standard deviation | 18.20% | 16.29% |
| Sharpe ratio | 0.43 | 0.67 |
| Sortino ratio | 0.56 | 0.89 |
| Maximum drawdown | −48.4% (23-03-2020) | −44.3% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-02-2011 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.
Motilal Oswal Nifty Midcap 100 ETF
Sundaram 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 |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Midcap 100 ETF | −48.4% | 11-01-2018 | 23-03-2020 | 05-01-2021 | 9 months | −10.7% |
| Sundaram Mid Cap Fund (Direct) | −44.3% | 08-01-2018 | 23-03-2020 | 08-01-2021 | 10 months | −10.8% |
| NIFTY Midcap 100 TRI | −48.2% | 23-01-2018 | 23-03-2020 | 04-01-2021 | 9 months | −10.7% |
From daily values since 02-01-2013, 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.
Motilal Oswal Nifty Midcap 100 ETF
Sundaram Mid Cap Fund (Direct)
NIFTY Midcap 100 TRI
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.
Motilal Oswal Nifty Midcap 100 ETF
Sundaram Mid Cap Fund (Direct)
NIFTY Midcap 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Motilal Oswal Nifty Midcap 100 ETF
Sundaram Mid Cap Fund (Direct)
NIFTY Midcap 100 TRI
Against NIFTY Midcap 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal Nifty Midcap 100 ETF | 99% | 101% | 0.41% |
| Sundaram Mid Cap Fund (Direct) | 94% | 84% | 5.72% |
From month-end values since 02-01-2013. 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 Sundaram Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty Midcap 100 ETF, September 2026; Sundaram Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 41.1%
- Held by both
- 37
- Only in Motilal Oswal Nifty Midcap 100 ETF
- 63
- Only in Sundaram Mid Cap
- 36
| Security | % of Motilal Oswal Nifty Midcap 100 ETF | % of Sundaram Mid Cap |
|---|---|---|
| The Federal Bank Limited | 2.40% | 2.36% |
| Coforge Limited | 1.87% | 2.02% |
| IndusInd Bank Limited | 1.82% | 1.82% |
| AU Small Finance Bank Limited | 1.80% | 1.82% |
| IDFC First Bank Limited | 1.66% | 2.25% |
| GE Vernova T&D India Limited | 1.60% | 1.74% |
| One 97 Communications Limited | 2.21% | 1.54% |
| Lupin Limited | 1.51% | 1.75% |
| Suzlon Energy Limited | 1.47% | 1.65% |
| Ashok Leyland Limited | 1.35% | 1.75% |
| FSN E-Commerce Ventures Limited | 1.34% | 1.56% |
| Marico Limited | 1.28% | 1.87% |
| Fortis Healthcare Limited | 1.23% | 1.50% |
| Info Edge India Ltd | 1.45% | 1.20% |
| Swiggy Limited | 1.15% | 1.25% |
| Dixon Technologies (India) Limited | 1.67% | 1.12% |
| Max Financial Services Limited | 1.12% | 1.79% |
| The Phoenix Mills Limited | 1.11% | 1.96% |
| Hindustan Petroleum Corporation Limited | 1.03% | 1.19% |
| Radico Khaitan Limited | 1.05% | 1.00% |
| Persistent Systems Ltd | 1.76% | 0.99% |
| JSW Energy Limited | 0.93% | 1.02% |
| APL Apollo Tubes Limited | 1.22% | 0.89% |
| Mankind Pharma Limited | 0.87% | 1.44% |
| Indian Bank | 0.87% | 1.12% |
| National Aluminium Company Limited | 0.94% | 0.84% |
| 360 One WAM Limited | 0.83% | 1.49% |
| Billionbrains Garage Ventures Ltd | 0.81% | 0.79% |
| Tube Investments Of India Limited | 0.78% | 1.31% |
| Prestige Estates Projects Limited | 0.77% | 0.98% |
| PB Fintech Limited | 1.16% | 0.72% |
| Mahindra & Mahindra Financial Services Limited | 0.66% | 2.74% |
| Kalyan Jewellers India Limited | 0.65% | 2.58% |
| Jubilant Foodworks Limited | 0.55% | 1.50% |
| LG Electronics India Ltd | 0.54% | 1.42% |
| Motilal Oswal Financial Services Limited | 0.48% | 1.45% |
| PI Industries Limited | 0.57% | 0.38% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.1% means 41.1% 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 Motilal Oswal Nifty Midcap 100 ETF
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 2.58% |
| Laurus Labs Limited | 2.36% |
| Hero MotoCorp Limited | 2.09% |
| The Indian Hotels Company Limited | 1.96% |
| Bharat Heavy Electricals Limited | 1.86% |
Largest holdings only in Sundaram Mid Cap Fund
| Security | % of fund |
|---|---|
| Cummins India Ltd | 2.39% |
| Thermax Ltd | 2.20% |
| Sona BLW Precision Forgings Ltd | 2.02% |
| Coromandel International Ltd | 1.91% |
| Jindal Steel & Power Ltd | 1.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty Midcap 100 ETF | Sundaram Mid Cap |
|---|---|---|
| Equity | 100.0% | 95.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 4.4% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty Midcap 100 ETF | Sundaram Mid Cap |
|---|---|---|
| Large Cap | 7.1% | 13.4% |
| Mid Cap | 91.3% | 66.0% |
| Small Cap | 1.6% | 15.9% |
| Not on AMFI's list | 0.0% | 0.3% |
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 | Motilal Oswal Nifty Midcap 100 ETF | Sundaram Mid Cap |
|---|---|---|
| Banks | 10.7% | 9.4% |
| Pharmaceuticals & Biotechnology | 8.0% | 6.1% |
| Electrical Equipment | 7.0% | 5.6% |
| Retailing | 7.0% | 4.0% |
| Industrial Products | 3.3% | 6.6% |
| Capital Markets | 5.3% | 6.3% |
| Consumer Durables | 5.0% | 6.1% |
| Auto Components | 3.8% | 6.1% |
| IT - Software | 5.3% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty Midcap 100 ETF vs Sundaram Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty Midcap 100 ETF | Sundaram Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.06% |
| Base expense ratio (Direct) | 0.00% | 0.76% |
| Total expense ratio (Regular) | Not available | 1.87% |
| Base expense ratio (Regular) | 0.20% | 1.46% |
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
Motilal Oswal Nifty Midcap 100 ETF vs Sundaram Mid Cap Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty Midcap 100 ETF and Sundaram Mid Cap Fund?
Motilal Oswal Nifty Midcap 100 ETF is an ETF fund, Sundaram Mid Cap Fund is a Mid Cap fund, run by Motilal Oswal Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 41.1%. Motilal Oswal Nifty Midcap 100 ETF charges 0.34% a year and Sundaram Mid Cap Fund 1.06%.
Which has given higher returns, Motilal Oswal Nifty Midcap 100 ETF or Sundaram Mid Cap Fund?
Over 1 year: Motilal Oswal Nifty Midcap 100 ETF −4.14%, Sundaram Mid Cap Fund −4.58%. Over 3 years: Motilal Oswal Nifty Midcap 100 ETF +14.53% a year, Sundaram Mid Cap Fund +16.41% a year. Over 5 years: Motilal Oswal Nifty Midcap 100 ETF +14.09% a year, Sundaram Mid Cap Fund +15.07% 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 Sundaram Mid Cap Fund?
Motilal Oswal Nifty Midcap 100 ETF charges less: 0.34% a year against 1.06%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty Midcap 100 ETF and Sundaram Mid Cap Fund overlap?
41.1%. They hold 37 of the same securities, the largest shared ones being FEDERALBNK, COFORGE, INDUSINDBK. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Nifty Midcap 100 ETF or Sundaram Mid Cap Fund?
On SEBI's riskometer, Motilal Oswal Nifty Midcap 100 ETF is rated Very High and Sundaram Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.94% and 15.80% a year.
Which is better for SIP, Motilal Oswal Nifty Midcap 100 ETF or Sundaram Mid Cap 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 ₹8,67,106 in Sundaram Mid Cap Fund (XIRR 13.8% 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 Sundaram Mid Cap Fund?
Yes. 41.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Motilal Oswal Nifty Midcap 100 ETF and Sundaram Mid Cap Fund?
Motilal Oswal Nifty Midcap 100 ETF: Swapnil Mayekar. Sundaram Mid Cap Fund: S Bharath, Shalav Saket.
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.