Motilal Oswal Nifty Midcap 100 ETF vs Tata 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 Tata 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 Tata Mid Cap Fund (Direct) returned 13.5% a year. Motilal Oswal Nifty Midcap 100 ETF charges 0.34% a year and Tata Mid Cap Fund 0.85%. Their portfolios overlap 38.7%: they hold 32 of the same securities.
Motilal Oswal Nifty Midcap 100 ETF
ETF
- 3 year return
- 14.5%
- Expense ratio
- 0.34%
- NAV
- ₹61.90
Which is better, Motilal Oswal Nifty Midcap 100 ETF or Tata 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.
- Motilal Oswal Nifty Midcap 100 ETF returned more over 5 years: 14.1% a year against 13.2%.
- Motilal Oswal Nifty Midcap 100 ETF returned more over 3 years: 14.5% a year against 13.5%.
- Motilal Oswal Nifty Midcap 100 ETF costs less: 0.34% a year against 0.85%.
- Tata Mid Cap swung less over 3 years: a standard deviation of 15.5% a year against 17.9%.
- Tata Mid Cap fell less in its worst fall since 02-01-2013: −35.1% against −48.4%.
- Tata Mid Cap is the larger fund: ₹5,860 Cr against ₹821 Cr.
- Their portfolios overlap 38.7%: 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
| Fact | Motilal Oswal Nifty Midcap 100 ETF | Tata Mid Cap Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Tata Mutual Fund |
| Category | ETF | Mid Cap |
| AUM | ₹821 Cr (30-09-2026) | ₹5,860 Cr (30-09-2026) |
| NAV | ₹61.90 | ₹492.52 (Direct) |
| Expense ratio (Direct) | Not available | 0.85% |
| Expense ratio (Regular) | Not available | 2.02% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Midcap 100 TRI | Nifty Midcap 150 TRI |
| Launch date | 31-01-2011 | 31-03-2004 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Swapnil Mayekar | Satish Chandra Mishra |
| Exit load | Yes | Exit load of 0.50%, if redeemed within 30 days. |
Motilal Oswal Nifty Midcap 100 ETF vs Tata 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% |
| Tata Mid Cap Fund (Direct) | −2.91% | −7.20% | −2.55% | −2.67% | +13.47% | +13.17% | +15.45% |
| 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 Tata Mid Cap: Year-wise Returns
| Year | Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF | Tata Mid CapTata Mid Cap |
|---|---|---|
| 2026to date | −4.83% | −4.51% |
| 2025 | +6.22% | +7.13% |
| 2024 | +24.51% | +24.17% |
| 2023 | +47.37% | +42.15% |
| 2022 | +4.11% | +1.92% |
| 2021 | +46.83% | +41.73% |
Motilal Oswal Nifty Midcap 100 ETF vs Tata 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
Tata 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% |
| Tata Mid Cap | 1.7 | 4.5 | 10.3 | 14.1 | 14.6 | 24.4 | 30.4 | 19.7% | 21.4% | −4.1% | 40.3% | 48% |
| 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 Tata 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% |
| Tata Mid CapTata Mid Cap Fund (Direct) | ₹16,60,000 | ₹60,46,055 | ₹43,86,055 | 17.1% |
Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF
Tata Mid CapTata 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 Tata 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 | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.14% | −2.67% |
| Standard deviation | 17.09% | 15.25% |
| Sharpe ratio | -0.55 | -0.52 |
| Sortino ratio | -0.73 | -0.70 |
| Maximum drawdown | −14.2% (30-03-2026) | −13.0% (31-03-2026) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.08% | +0.75% |
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 | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.53% | +13.47% |
| Standard deviation | 17.94% | 15.51% |
| Sharpe ratio | 0.47 | 0.48 |
| Sortino ratio | 0.63 | 0.64 |
| Maximum drawdown | −21.1% (28-02-2025) | −21.2% (28-02-2025) |
| Beta | 1.00 | 0.88 |
| Alpha | −0.09% | +0.57% |
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 | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.09% | +13.17% |
| Standard deviation | 17.73% | 15.37% |
| Sharpe ratio | 0.47 | 0.48 |
| Sortino ratio | 0.62 | 0.63 |
| Maximum drawdown | −21.1% (28-02-2025) | −21.2% (28-02-2025) |
| Beta | 1.00 | 0.89 |
| Alpha | −0.17% | +0.20% |
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 | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.02% | +18.08% |
| Standard deviation | 18.20% | 16.01% |
| Sharpe ratio | 0.43 | 0.75 |
| Sortino ratio | 0.56 | 1.00 |
| Maximum drawdown | −48.4% (23-03-2020) | −35.1% (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
Tata 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% |
| Tata Mid Cap Fund (Direct) | −35.1% | 07-02-2020 | 23-03-2020 | 05-11-2020 | 7 months | −9.6% |
| 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
Tata 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
Tata 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
Tata 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% |
| Tata Mid Cap Fund (Direct) | 95% | 82% | 5.98% |
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 Tata Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty Midcap 100 ETF, September 2026; Tata Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 38.7%
- Held by both
- 32
- Only in Motilal Oswal Nifty Midcap 100 ETF
- 68
- Only in Tata Mid Cap
- 26
| Security | % of Motilal Oswal Nifty Midcap 100 ETF | % of Tata Mid Cap |
|---|---|---|
| Multi Commodity Exchange of India Limited | 2.58% | 2.96% |
| The Federal Bank Limited | 2.40% | 2.71% |
| One 97 Communications Limited | 2.21% | 3.15% |
| Bharat Heavy Electricals Limited | 1.86% | 3.20% |
| IndusInd Bank Limited | 1.82% | 2.92% |
| AU Small Finance Bank Limited | 1.80% | 2.93% |
| Persistent Systems Ltd | 1.76% | 1.80% |
| Bharat Forge Limited | 1.64% | 1.81% |
| Indus Towers Limited | 1.47% | 2.23% |
| Dixon Technologies (India) Limited | 1.67% | 1.35% |
| Hero MotoCorp Limited | 2.09% | 1.34% |
| Marico Limited | 1.28% | 2.55% |
| PB Fintech Limited | 1.16% | 1.27% |
| Max Financial Services Limited | 1.12% | 2.81% |
| The Phoenix Mills Limited | 1.11% | 1.32% |
| GE Vernova T&D India Limited | 1.60% | 1.08% |
| Glenmark Pharmaceuticals Limited | 1.08% | 2.39% |
| Ashok Leyland Limited | 1.35% | 1.05% |
| IDFC First Bank Limited | 1.66% | 1.04% |
| Hindustan Petroleum Corporation Limited | 1.03% | 1.08% |
| UPL Limited | 0.93% | 1.38% |
| Mankind Pharma Limited | 0.87% | 3.42% |
| Indian Bank | 0.87% | 1.58% |
| MphasiS Limited | 0.87% | 1.84% |
| Billionbrains Garage Ventures Ltd | 0.81% | 1.41% |
| Voltas Limited | 0.75% | 1.10% |
| L&T Finance Limited | 0.69% | 2.94% |
| Oberoi Realty Limited | 0.64% | 1.51% |
| Page Industries Limited | 0.70% | 0.62% |
| PI Industries Limited | 0.57% | 0.79% |
| Jubilant Foodworks Limited | 0.55% | 1.40% |
| Premier Energies Limited | 0.39% | 1.32% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.7% means 38.7% 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
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 2.36% |
| The Indian Hotels Company Limited | 1.96% |
| Coforge Limited | 1.87% |
| Life Insurance Corporation Of India | 1.54% |
| Lenskart Solutions Limited | 1.54% |
Largest holdings only in Tata Mid Cap Fund
| Security | % of fund |
|---|---|
| MAX HEALTHCARE INSTITUTE LTD | 2.75% |
| BHARTI HEXACOM LTD | 2.67% |
| ABBOTT INDIA LTD | 2.31% |
| J K CEMENT LTD | 2.04% |
| SONA BLW PRECISION FORGINGS LTD | 2.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty Midcap 100 ETF | Tata Mid Cap |
|---|---|---|
| Equity | 100.0% | 97.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 2.6% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty Midcap 100 ETF | Tata Mid Cap |
|---|---|---|
| Large Cap | 7.1% | 16.4% |
| Mid Cap | 91.3% | 74.5% |
| Small Cap | 1.6% | 6.5% |
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
| Sector | Motilal Oswal Nifty Midcap 100 ETF | Tata Mid Cap |
|---|---|---|
| Banks | 10.7% | 11.2% |
| Pharmaceuticals & Biotechnology | 8.0% | 9.9% |
| Auto Components | 3.8% | 8.4% |
| Electrical Equipment | 7.0% | 6.4% |
| Retailing | 7.0% | 0.0% |
| Capital Markets | 5.3% | 6.0% |
| IT - Software | 5.3% | 4.6% |
| Chemicals & Petrochemicals | 1.1% | 5.3% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty Midcap 100 ETF vs Tata Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty Midcap 100 ETF | Tata Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.85% |
| Base expense ratio (Direct) | 0.00% | 0.56% |
| Total expense ratio (Regular) | Not available | 2.02% |
| Base expense ratio (Regular) | 0.20% | 1.57% |
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 Tata Mid Cap Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty Midcap 100 ETF and Tata Mid Cap Fund?
Motilal Oswal Nifty Midcap 100 ETF is an ETF fund, Tata Mid Cap Fund is a Mid Cap fund, run by Motilal Oswal Mutual Fund and Tata Mutual Fund. Their portfolios overlap 38.7%. Motilal Oswal Nifty Midcap 100 ETF charges 0.34% a year and Tata Mid Cap Fund 0.85%.
Which has given higher returns, Motilal Oswal Nifty Midcap 100 ETF or Tata Mid Cap Fund?
Over 1 year: Motilal Oswal Nifty Midcap 100 ETF −4.14%, Tata Mid Cap Fund −2.67%. Over 3 years: Motilal Oswal Nifty Midcap 100 ETF +14.53% a year, Tata Mid Cap Fund +13.47% a year. Over 5 years: Motilal Oswal Nifty Midcap 100 ETF +14.09% a year, Tata Mid Cap Fund +13.17% 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 Tata Mid Cap Fund?
Motilal Oswal Nifty Midcap 100 ETF charges less: 0.34% a year against 0.85%. These are the total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty Midcap 100 ETF and Tata Mid Cap Fund overlap?
38.7%. They hold 32 of the same securities, the largest shared ones being MCX, FEDERALBNK, PAYTM. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Nifty Midcap 100 ETF or Tata Mid Cap Fund?
On SEBI's riskometer, Motilal Oswal Nifty Midcap 100 ETF is rated Very High and Tata Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.94% and 15.51% a year.
Which is better for SIP, Motilal Oswal Nifty Midcap 100 ETF or Tata 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 ₹8,27,877 in Tata Mid Cap Fund (XIRR 12.0% 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 Tata Mid Cap Fund?
Yes. 38.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal Nifty Midcap 100 ETF and Tata Mid Cap Fund?
Motilal Oswal Nifty Midcap 100 ETF: Swapnil Mayekar. Tata Mid Cap Fund: Satish Chandra Mishra.
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.