Motilal Oswal Nifty Midcap 100 ETF vs UTI 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 UTI Nifty Midcap 150 Index Fund is an Index fund. In the year to 30-10-2026, Motilal Oswal Nifty Midcap 100 ETF returned −4.1% and UTI Nifty Midcap 150 Index Fund (Direct) returned −4.8%. Motilal Oswal Nifty Midcap 100 ETF charges 0.34% a year and UTI Nifty Midcap 150 Index Fund 0.72%. Their portfolios overlap 80.5%: they hold 100 of the same securities.

Motilal Oswal Nifty Midcap 100 ETF

ETF

1 year return: −4.1%
Expense ratio: 0.34%
NAV: ₹61.90

See Motilal Oswal Nifty Midcap 100 ETF

UTI Nifty Midcap 150 Index Fund

Index

1 year return: −4.8%
Expense ratio: 0.72%
NAV: ₹10.10

See UTI Nifty Midcap 150 Index Fund

Which is better, Motilal Oswal Nifty Midcap 100 ETF or UTI 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 1 year: −4.1% against −4.8%.
Motilal Oswal Nifty Midcap 100 ETF costs less: 0.34% a year against 0.72%.
UTI Nifty Midcap 150 Index fell less in its worst fall since 03-12-2024: −18.9% against −19.3%.
Motilal Oswal Nifty Midcap 100 ETF is the larger fund: ₹821 Cr against ₹76 Cr.
Their portfolios overlap 80.5%: 100 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

Motilal Oswal Nifty Midcap 100 ETF
−0.5%
UTI Nifty Midcap 150 Index Fund (Direct)
−1.0%

Change in NAV from 03-12-2024 to 30-10-2026

−10%0%+10%+20%

Key facts

From each fund's scheme summary document and AMFI

Fact	Motilal Oswal Nifty Midcap 100 ETF	UTI Nifty Midcap 150 Index Fund
Fund house	Motilal Oswal Mutual Fund	UTI Mutual Fund
Category	ETF	Index
AUM	₹821 Cr (30-09-2026)	₹76 Cr (30-09-2026)
NAV	₹61.90	₹10.10 (Direct)
Expense ratio (Direct)	Not available	0.72%
Expense ratio (Regular)	Not available	1.15%
Riskometer	Very High	Very High
Benchmark	NIFTY Midcap 100 TRI	Nifty Midcap 150 TRI
Launch date	31-01-2011	28-11-2024
Minimum investment	₹500	₹1,000
Lock in	None	None
Fund managers	Swapnil Mayekar	Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3
Exit load	Yes	Nil

Motilal Oswal Nifty Midcap 100 ETF vs UTI 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.

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%
UTI Nifty Midcap 150 Index Fund (Direct)	−3.72%	−8.56%	−4.16%	−4.82%	--	--	--

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

Year	Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF	UTI Nifty Midcap 150 IndexUTI Nifty Midcap 150 Index
2026to date	−4.83%	−5.33%
2025	+6.22%	+5.39%
2024	+24.51%	--
2023	+47.37%	--
2022	+4.11%	--
2021	+46.83%	--

Motilal Oswal Nifty Midcap 100 ETF vs UTI 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 1-year holding period, 224 of them, one for each trading day from 03-12-2025 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%

Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026

Motilal Oswal Nifty Midcap 100 ETFUTI Nifty Midcap 150 Index Fund (Direct)NIFTY Midcap 100 TRI

How the periods spread

Fund	Below 0%	0-5%	5-10%	10-15%	15-20%	20-25%	Mean	Median	Lowest	Highest	Beat benchmark
Motilal Oswal Nifty Midcap 100 ETF	3.1	20.1	37.5	27.2	8.5	3.6	8.7%	8.0%	−5.5%	22.0%	0%
UTI Nifty Midcap 150 Index	6.3	25.6	35.9	21.5	9.0	1.8	7.7%	7.2%	−6.0%	21.1%	0%
NIFTY Midcap 100 TRI	3.1	18.8	37.5	28.1	8.9	3.6	8.9%	8.1%	−5.4%	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 03-12-2024. Past returns do not promise future returns.

Motilal Oswal Nifty Midcap 100 ETF vs UTI 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.

Investment	Invested	Value now	Gain	Return a year
Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF	₹2,30,000	₹2,30,331	₹331	0.1%
UTI Nifty Midcap 150 IndexUTI Nifty Midcap 150 Index Fund (Direct)	₹2,30,000	₹2,28,436	−₹1,564	−0.7%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L

20252026

Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETFUTI Nifty Midcap 150 IndexUTI 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 UTI Nifty Midcap 150 Index: 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	UTI Nifty Midcap 150 Index Fund (Direct)
Return (CAGR)	−4.14%	−4.82%
Standard deviation	17.09%	16.54%
Sharpe ratio	-0.55	-0.61
Sortino ratio	-0.73	-0.81
Maximum drawdown	−14.2% (30-03-2026)	−14.0% (31-03-2026)
Beta	1.00	1.00
Alpha	−0.08%	−0.46%

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	UTI Nifty Midcap 150 Index Fund (Direct)
Return (CAGR)	+14.02%	−0.52%
Standard deviation	18.20%	17.06%
Sharpe ratio	0.43	-0.36
Sortino ratio	0.56	-0.48
Maximum drawdown	−48.4% (23-03-2020)	−18.9% (28-02-2025)
Beta	--	1.00
Alpha	--	−0.53%

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.

−20%−15%−10%−5%0%

20252026

Motilal Oswal Nifty Midcap 100 ETFUTI Nifty Midcap 150 Index 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	−19.3%	16-12-2024	28-02-2025	09-06-2025	3 months	−10.7%
UTI Nifty Midcap 150 Index Fund (Direct)	−18.9%	16-12-2024	28-02-2025	10-06-2025	3 months	−10.6%
NIFTY Midcap 100 TRI	−19.3%	16-12-2024	28-02-2025	09-06-2025	3 months	−10.7%

From daily values since 03-12-2024, 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%

2026

Motilal Oswal Nifty Midcap 100 ETFUTI Nifty Midcap 150 Index Fund (Direct)NIFTY Midcap 100 TRI

Against NIFTY Midcap 100 TRI

Fund	Up capture	Down capture	Tracking error
Motilal Oswal Nifty Midcap 100 ETF	100%	100%	0.05%
UTI Nifty Midcap 150 Index Fund (Direct)	94%	97%	1.76%

From month-end values since 03-12-2024. 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.

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

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

Holdings in common

Overlap: 80.5%
Held by both: 100
Only in Motilal Oswal Nifty Midcap 100 ETF: 0
Only in UTI Nifty Midcap 150 Index: 50

Security	% of Motilal Oswal Nifty Midcap 100 ETF	% of UTI Nifty Midcap 150 Index
Multi Commodity Exchange of India Limited	2.58%	2.08%
The Federal Bank Limited	2.40%	1.93%
Laurus Labs Limited	2.36%	1.90%
One 97 Communications Limited	2.21%	1.78%
Hero MotoCorp Limited	2.09%	1.68%
The Indian Hotels Company Limited	1.96%	1.58%
Coforge Limited	1.87%	1.50%
Bharat Heavy Electricals Limited	1.86%	1.49%
IndusInd Bank Limited	1.82%	1.46%
AU Small Finance Bank Limited	1.80%	1.45%
Persistent Systems Ltd	1.76%	1.42%
Dixon Technologies (India) Limited	1.67%	1.35%
IDFC First Bank Limited	1.66%	1.33%
Bharat Forge Limited	1.64%	1.32%
GE Vernova T&D India Limited	1.60%	1.28%
Life Insurance Corporation Of India	1.54%	1.24%
Lenskart Solutions Limited	1.54%	1.24%
Lupin Limited	1.51%	1.22%
Suzlon Energy Limited	1.47%	1.19%
Indus Towers Limited	1.47%	1.18%
Info Edge India Ltd	1.45%	1.17%
Aurobindo Pharma Limited	1.42%	1.14%
Ashok Leyland Limited	1.35%	1.09%
FSN E-Commerce Ventures Limited	1.34%	1.08%
Marico Limited	1.28%	1.03%
United Spirits Limited	1.23%	0.99%
Fortis Healthcare Limited	1.23%	0.99%
APL Apollo Tubes Limited	1.22%	0.98%
ICICI Lombard General Insurance Company Limited	1.19%	0.96%
PB Fintech Limited	1.16%	0.93%
Swiggy Limited	1.15%	0.93%
REC Limited	1.14%	0.92%
Yes Bank Limited	1.13%	0.91%
Max Financial Services Limited	1.12%	0.90%
The Phoenix Mills Limited	1.11%	0.89%
SRF Limited	1.10%	0.89%
Glenmark Pharmaceuticals Limited	1.08%	0.87%
Radico Khaitan Limited	1.05%	0.84%
Hindustan Petroleum Corporation Limited	1.03%	0.83%
Lodha Developers Limited	1.03%	0.83%
GMR Airports Limited	1.01%	0.81%
Aditya Birla Capital Limited	0.99%	0.80%
Apar Industries Limited	0.99%	0.80%
National Aluminium Company Limited	0.94%	0.75%
UPL Limited	0.93%	0.75%
JSW Energy Limited	0.93%	0.75%
Mankind Pharma Limited	0.87%	0.70%
Indian Bank	0.87%	0.70%
MphasiS Limited	0.87%	0.70%
Vishal Mega Mart Limited	0.87%	0.70%
KEI Industries Limited	0.84%	0.68%
NHPC Limited	0.84%	0.68%
360 One WAM Limited	0.83%	0.67%
Billionbrains Garage Ventures Ltd	0.81%	0.65%
NMDC Limited	0.81%	0.65%
Steel Authority of India Limited	0.80%	0.65%
Biocon Limited	0.79%	0.64%
Oracle Financial Services Software Limited	0.78%	0.63%
Havells India Limited	0.78%	0.63%
Tube Investments Of India Limited	0.78%	0.63%
MRF Limited	0.78%	0.63%
Prestige Estates Projects Limited	0.77%	0.62%
Oil India Limited	0.75%	0.60%
Voltas Limited	0.75%	0.60%
Colgate Palmolive (India) Limited	0.71%	0.57%
Page Industries Limited	0.70%	0.57%
Waaree Energies Limited	0.70%	0.56%
L&T Finance Limited	0.69%	0.56%
Dabur India Limited	0.69%	0.55%
Supreme Industries Limited	0.68%	0.55%
Godrej Properties Limited	0.67%	0.54%
Mahindra & Mahindra Financial Services Limited	0.66%	0.53%
Kalyan Jewellers India Limited	0.65%	0.52%
Meesho Ltd	0.64%	0.52%
Oberoi Realty Limited	0.64%	0.51%
Blue Star Limited	0.60%	0.49%
Tata Communications Limited	0.60%	0.48%
Exide Industries Limited	0.58%	0.46%
PI Industries Limited	0.57%	0.46%
Hindustan Copper Limited	0.56%	0.45%
ICICI Prudential Asset Management Company Limited	0.56%	0.45%
Jubilant Foodworks Limited	0.55%	0.44%
LG Electronics India Ltd	0.54%	0.43%
SBI Cards and Payment Services Limited	0.53%	0.42%
Astral Limited	0.51%	0.41%
Adani Total Gas Limited	0.50%	0.41%
Bank of Maharashtra	0.50%	0.40%
LIC Housing Finance Limited	0.49%	0.39%
Bank of India	0.48%	0.39%
Motilal Oswal Financial Services Limited	0.48%	0.39%
Container Corporation of India Limited	0.47%	0.38%
Indian Railway Catering And Tourism Corporation Limited	0.42%	0.34%
Cochin Shipyard Limited	0.39%	0.31%
Patanjali Foods Limited	0.39%	0.31%
Premier Energies Limited	0.39%	0.31%
Rail Vikas Nigam Limited	0.35%	0.28%
Bharat Dynamics Limited	0.31%	0.25%
NLC India Limited	0.29%	0.24%
Indian Renewable Energy Development Agency Limited	0.27%	0.22%
Godfrey Phillips India Limited	0.24%	0.19%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 80.5% means 80.5% 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 UTI Nifty Midcap 150 Index Fund

Security	% of fund
REIT- EMBASSY OFFICE PARKS	0.94%
EQ - ALKEM LABORATORIES LTD	0.77%
EQ - SHREE CEMENT LTD.	0.74%
EQ - SUNDARAM FINANCE LTD.	0.74%
EQ - PIRAMAL FINANCE LTD	0.66%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Motilal Oswal Nifty Midcap 100 ETF	UTI Nifty Midcap 150 Index
Equity	100.0%	99.2%
Debt	0.0%	0.0%
Cash and others	-0.0%	0.8%

Market cap of stocks

Market cap	Motilal Oswal Nifty Midcap 100 ETF	UTI Nifty Midcap 150 Index
Large Cap	7.1%	5.7%
Mid Cap	91.3%	90.9%
Small Cap	1.6%	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

Sector	Motilal Oswal Nifty Midcap 100 ETF	UTI Nifty Midcap 150 Index
Banks	10.7%	8.7%
Pharmaceuticals & Biotechnology	8.0%	9.2%
Electrical Equipment	7.0%	6.0%
Retailing	7.0%	5.6%
Finance	4.8%	6.8%
IT - Software	5.3%	4.4%
Capital Markets	5.3%	4.7%

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

Motilal Oswal Nifty Midcap 100 ETF vs UTI Nifty Midcap 150 Index: Expense Ratio

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

Charge	Motilal Oswal Nifty Midcap 100 ETF	UTI Nifty Midcap 150 Index Fund
Total expense ratio (Direct)	Not available	0.72%
Base expense ratio (Direct)	0.00%	0.50%
Total expense ratio (Regular)	Not available	1.15%
Base expense ratio (Regular)	0.20%	0.90%

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 UTI Nifty Midcap 150 Index Fund: Frequently Asked Questions

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

Motilal Oswal Nifty Midcap 100 ETF is an ETF fund, UTI Nifty Midcap 150 Index Fund is an Index fund, run by Motilal Oswal Mutual Fund and UTI Mutual Fund. Their portfolios overlap 80.5%. Motilal Oswal Nifty Midcap 100 ETF charges 0.34% a year and UTI Nifty Midcap 150 Index Fund 0.72%.

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

Over 1 year: Motilal Oswal Nifty Midcap 100 ETF −4.14%, UTI Nifty Midcap 150 Index Fund −4.82%. 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 UTI Nifty Midcap 150 Index Fund?

Motilal Oswal Nifty Midcap 100 ETF charges less: 0.34% a year against 0.72%. These are the total expense ratios reported to AMFI.

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

80.5%. They hold 100 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.

Which is riskier, Motilal Oswal Nifty Midcap 100 ETF or UTI Nifty Midcap 150 Index Fund?

On SEBI's riskometer, Motilal Oswal Nifty Midcap 100 ETF is rated Very High and UTI Nifty Midcap 150 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 17.09% and 16.54% a year.

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

Yes. 80.5% 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 UTI Nifty Midcap 150 Index Fund?

Motilal Oswal Nifty Midcap 100 ETF: Swapnil Mayekar. UTI Nifty Midcap 150 Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.

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.