Nippon India ETF Nifty Midcap 150 vs Nippon India Growth Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India ETF Nifty Midcap 150 is a mutual fund and Nippon India Growth Mid Cap Fund is a Mid Cap fund. In the 3 years to 30-10-2026, Nippon India ETF Nifty Midcap 150 (Direct) returned 13.6% a year and Nippon India Growth Mid Cap Fund (Direct) returned 8.5% a year. Nippon India ETF Nifty Midcap 150 charges 0.28% a year and Nippon India Growth Mid Cap Fund 0.80% (Direct plans). Their portfolios overlap 45.8%: they hold 63 of the same securities.
Nippon India ETF Nifty Midcap 150
- 3 year return
- 13.6%
- Expense ratio
- 0.28%
- NAV
- ₹217.96
Nippon India Growth Mid Cap Fund
Mid Cap
- 3 year return
- 8.5%
- Expense ratio
- 0.80%
- NAV
- ₹178.86
Which is better, Nippon India ETF Nifty Midcap 150 or Nippon India Growth 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.
- Nippon India ETF Nifty Midcap 150 returned more over 5 years: 13.6% a year against 9.3%.
- Nippon India ETF Nifty Midcap 150 returned more over 3 years: 13.6% a year against 8.5%.
- Nippon India ETF Nifty Midcap 150 costs less: 0.28% a year against 0.80% (Direct plans).
- Nippon India ETF Nifty Midcap 150 swung less over 3 years: a standard deviation of 17.1% a year against 17.9%.
- Nippon India ETF Nifty Midcap 150 fell less in its worst fall since 01-02-2019: −38.4% against −45.0%.
- Nippon India Growth Mid Cap holds more in large companies: 21.5% of the fund in large caps against 5.7%.
- Nippon India Growth Mid Cap is the larger fund: ₹50,176 Cr against ₹3,821 Cr.
- Their portfolios overlap 45.8%: 63 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 | Nippon India ETF Nifty Midcap 150 | Nippon India Growth Mid Cap Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Nippon India Mutual Fund |
| Category | Not available | Mid Cap |
| AUM | ₹3,821 Cr (30-09-2026) | ₹50,176 Cr (30-09-2026) |
| NAV | ₹217.96 (Direct) | ₹178.86 (Direct) |
| Expense ratio (Direct) | 0.28% | 0.80% |
| Expense ratio (Regular) | Not available | 1.56% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Midcap 150 TRI |
| Launch date | Not available | 08-10-1995 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Rupesh Patel FM 1 |
| Exit load | Not available | 1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.Nil, thereafter. |
Nippon India ETF Nifty Midcap 150 vs Nippon India Growth 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 |
|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty Midcap 150 (Direct) | −3.63% | −8.46% | −3.99% | −4.46% | +13.60% | +13.60% | -- |
| Nippon India Growth Mid Cap Fund (Direct) | −3.37% | −7.25% | −2.86% | −8.89% | +8.47% | +9.29% | +8.19% |
| 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.
Nippon India ETF Nifty Midcap 150 vs Nippon India Growth Mid Cap: Year-wise Returns
| Year | ETF Nifty Midcap 150Nippon India ETF Nifty Midcap 150 | Growth Mid CapNippon India Growth Mid Cap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −5.05% | −7.94% | −4.97% |
| 2025 | +5.77% | −3.20% | +5.98% |
| 2024 | +24.13% | +20.39% | +24.46% |
| 2023 | +44.29% | +43.11% | +44.61% |
| 2022 | +3.62% | +2.20% | +3.91% |
| 2021 | +47.60% | +40.41% | +48.16% |
Nippon India ETF Nifty Midcap 150 vs Nippon India Growth Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 1,172 of them, one for each trading day from 01-02-2022 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.
Nippon India ETF Nifty Midcap 150 (Direct)
Nippon India Growth Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
to
Jun 2022Apr 2020
to
Apr 2023Jan 2021
to
Jan 2024Nov 2021
to
Nov 2024Sept 2022
to
Sept 2025Jun 2023
to
Jun 2026
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty Midcap 150 | 0.0 | 0.0 | 0.0 | 2.5 | 11.5 | 41.7 | 44.3 | 25.0% | 24.2% | 12.4% | 40.2% | 0% |
| Nippon India Growth Mid Cap | 0.0 | 0.0 | 4.8 | 18.6 | 36.3 | 20.9 | 19.4 | 19.4% | 18.6% | 7.6% | 32.6% | 0% |
| Nifty Midcap 150 TRI | 0.0 | 0.0 | 0.0 | 2.3 | 9.9 | 41.0 | 46.8 | 25.3% | 24.6% | 12.7% | 40.6% | -- |
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 150 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 01-02-2019. Past returns do not promise future returns.
Nippon India ETF Nifty Midcap 150 vs Nippon India Growth 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 01-02-2019 to 30-10-2026: 93 instalments, ₹9,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India ETF Nifty Midcap 150Nippon India ETF Nifty Midcap 150 (Direct) | ₹9,30,000 | ₹18,71,569 | ₹9,41,569 | 17.6% |
| Nippon India Growth Mid CapNippon India Growth Mid Cap Fund (Direct) | ₹9,30,000 | ₹15,11,849 | ₹5,81,849 | 12.3% |
Nippon India ETF Nifty Midcap 150Nippon India ETF Nifty Midcap 150 (Direct)
Nippon India Growth Mid CapNippon India Growth 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.
Nippon India ETF Nifty Midcap 150 vs Nippon India Growth Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India ETF Nifty Midcap 150 (Direct) | Nippon India Growth Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.46% | −8.89% |
| Standard deviation | 16.63% | 17.86% |
| Sharpe ratio | -0.58 | -0.79 |
| Sortino ratio | -0.78 | -1.00 |
| Maximum drawdown | −13.9% (30-03-2026) | −19.0% (31-03-2026) |
| Beta | 1.00 | 0.97 |
| Alpha | −0.12% | −4.81% |
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 | Nippon India ETF Nifty Midcap 150 (Direct) | Nippon India Growth Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.60% | +8.47% |
| Standard deviation | 17.06% | 17.85% |
| Sharpe ratio | 0.44 | 0.14 |
| Sortino ratio | 0.59 | 0.18 |
| Maximum drawdown | −21.0% (28-02-2025) | −24.7% (17-03-2025) |
| Beta | 1.00 | 0.95 |
| Alpha | −0.21% | −4.93% |
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 | Nippon India ETF Nifty Midcap 150 (Direct) | Nippon India Growth Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.60% | +9.29% |
| Standard deviation | 16.71% | 17.20% |
| Sharpe ratio | 0.47 | 0.20 |
| Sortino ratio | 0.62 | 0.26 |
| Maximum drawdown | −21.0% (28-02-2025) | −24.7% (17-03-2025) |
| Beta | 1.00 | 0.94 |
| Alpha | −0.22% | −4.11% |
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 | Nippon India ETF Nifty Midcap 150 (Direct) | Nippon India Growth Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.96% | +8.87% |
| Standard deviation | 18.17% | 18.74% |
| Sharpe ratio | 0.70 | 0.15 |
| Sortino ratio | 0.92 | 0.19 |
| Maximum drawdown | −38.4% (23-03-2020) | −53.5% (03-04-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.31% | -- |
From daily NAVs, 01-02-2019 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.
Nippon India ETF Nifty Midcap 150 (Direct)
Nippon India Growth Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India ETF Nifty Midcap 150 (Direct) | −38.4% | 07-02-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.5% |
| Nippon India Growth Mid Cap Fund (Direct) | −45.0% | 20-02-2020 | 03-04-2020 | 06-01-2021 | 9 months | −14.9% |
| Nifty Midcap 150 TRI | −38.5% | 07-02-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.5% |
From daily values since 01-02-2019, 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.
Nippon India ETF Nifty Midcap 150 (Direct)
Nippon India Growth Mid Cap Fund (Direct)
Nifty Midcap 150 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.
Nippon India ETF Nifty Midcap 150 (Direct)
Nippon India Growth Mid Cap Fund (Direct)
Nifty Midcap 150 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.
Nippon India ETF Nifty Midcap 150 (Direct)
Nippon India Growth Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India ETF Nifty Midcap 150 (Direct) | 99% | 100% | 0.15% |
| Nippon India Growth Mid Cap Fund (Direct) | 89% | 107% | 8.44% |
From month-end values since 01-02-2019. 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.
Nippon India ETF Nifty Midcap 150 vs Nippon India Growth Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India ETF Nifty Midcap 150, September 2026; Nippon India Growth Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 45.8%
- Held by both
- 63
- Only in Nippon India ETF Nifty Midcap 150
- 86
- Only in Nippon India Growth Mid Cap
- 37
| Security | % of Nippon India ETF Nifty Midcap 150 | % of Nippon India Growth Mid Cap |
|---|---|---|
| Multi Commodity Exchange of India Limited | 2.08% | 3.22% |
| The Federal Bank Limited | 1.94% | 2.59% |
| One 97 Communications Limited | 1.79% | 2.04% |
| AU Small Finance Bank Limited | 1.45% | 2.84% |
| Persistent Systems Limited | 1.42% | 1.73% |
| Bharat Heavy Electricals Limited | 1.50% | 1.41% |
| Bharat Forge Limited | 1.32% | 1.96% |
| GE Vernova T&D India Limited | 1.29% | 2.01% |
| The Indian Hotels Company Limited | 1.58% | 1.27% |
| Indus Towers Limited | 1.19% | 1.34% |
| Info Edge (India) Limited | 1.17% | 2.55% |
| Dixon Technologies (India) Limited | 1.35% | 1.10% |
| Ashok Leyland Limited | 1.09% | 1.14% |
| FSN E-Commerce Ventures Limited | 1.08% | 1.07% |
| Fortis Healthcare Limited | 0.99% | 2.53% |
| APL Apollo Tubes Limited | 0.99% | 1.27% |
| ICICI Lombard General Insurance Company Limited | 0.96% | 2.06% |
| REC Limited | 0.92% | 2.12% |
| Max Financial Services Limited | 0.90% | 1.34% |
| Lupin Limited | 1.22% | 0.89% |
| Radico Khaitan Limited | 0.85% | 0.95% |
| Swiggy Limited | 0.93% | 0.80% |
| Alkem Laboratories Limited | 0.77% | 1.27% |
| Shree Cement Limited | 0.74% | 1.20% |
| Sundaram Finance Limited | 0.74% | 0.84% |
| Vishal Mega Mart Limited | 0.70% | 0.70% |
| Indian Bank | 0.70% | 1.05% |
| Mankind Pharma Limited | 0.70% | 1.95% |
| IPCA Laboratories Limited | 0.66% | 1.19% |
| Tube Investments of India Limited | 0.63% | 1.26% |
| Prestige Estates Projects Limited | 0.62% | 1.10% |
| Voltas Limited | 0.60% | 1.47% |
| Torrent Power Limited | 0.59% | 0.87% |
| Page Industries Limited | 0.57% | 0.70% |
| Supreme Industries Limited | 0.55% | 0.96% |
| Mahindra & Mahindra Financial Services Limited | 0.53% | 0.68% |
| Mphasis Limited | 0.71% | 0.50% |
| Piramal Finance Limited | 0.66% | 0.50% |
| Hindustan Petroleum Corporation Limited | 0.83% | 0.49% |
| Blue Star Limited | 0.49% | 0.55% |
| Colgate Palmolive (India) Limited | 0.57% | 0.46% |
| Gujarat Fluorochemicals Limited | 0.46% | 0.53% |
| ITC Hotels Limited | 0.46% | 0.54% |
| LG Electronics India Ltd | 0.44% | 0.60% |
| Jubilant Foodworks Limited | 0.44% | 1.02% |
| Coromandel International Limited | 0.52% | 0.42% |
| Balkrishna Industries Limited | 0.42% | 0.82% |
| Astral Limited | 0.41% | 0.55% |
| Schaeffler India Limited | 0.39% | 0.70% |
| Bank of India | 0.39% | 0.38% |
| Container Corporation of India Limited | 0.38% | 0.47% |
| NMDC Limited | 0.65% | 0.34% |
| Dalmia Bharat Limited | 0.33% | 0.58% |
| HDB Financial Services Limited | 0.33% | 0.87% |
| JK Cement Limited | 0.53% | 0.31% |
| Apar Industries Limited | 0.80% | 0.30% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.28% | 0.31% |
| NLC India Limited | 0.24% | 0.93% |
| Endurance Technologies Limited | 0.23% | 0.69% |
| Bajaj Housing Finance Limited | 0.22% | 0.31% |
| NTPC Green Energy Limited | 0.21% | 1.45% |
| United Breweries Limited | 0.21% | 0.57% |
| Tata Communications Limited | 0.48% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.8% means 45.8% 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 Nippon India ETF Nifty Midcap 150
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 1.91% |
| Hero MotoCorp Limited | 1.68% |
| Coforge Limited | 1.51% |
| IndusInd Bank Limited | 1.47% |
| IDFC First Bank Limited | 1.34% |
Largest holdings only in Nippon India Growth Mid Cap Fund
| Security | % of fund |
|---|---|
| Eternal Limited | 2.42% |
| BSE Limited | 2.40% |
| Varun Beverages Limited | 1.94% |
| Samvardhana Motherson International Limited | 1.69% |
| Gland Pharma Limited | 1.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India ETF Nifty Midcap 150 | Nippon India Growth Mid Cap |
|---|---|---|
| Equity | 99.0% | 99.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 1.0% |
Market cap of stocks
| Market cap | Nippon India ETF Nifty Midcap 150 | Nippon India Growth Mid Cap |
|---|---|---|
| Large Cap | 5.7% | 21.5% |
| Mid Cap | 90.7% | 65.9% |
| Small Cap | 2.5% | 11.5% |
| Not on AMFI's list | 0.0% | 0.1% |
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 | Nippon India ETF Nifty Midcap 150 | Nippon India Growth Mid Cap |
|---|---|---|
| Banks | 8.7% | 10.0% |
| Pharmaceuticals & Biotechnology | 9.2% | 7.7% |
| Auto Components | 4.6% | 8.6% |
| Retailing | 5.6% | 8.4% |
| Finance | 6.8% | 8.0% |
| Capital Markets | 4.2% | 7.3% |
| Electrical Equipment | 6.0% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India ETF Nifty Midcap 150 vs Nippon India Growth Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India ETF Nifty Midcap 150 | Nippon India Growth Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.28% | 0.80% |
| Base expense ratio (Direct) | 0.18% | 0.60% |
| Total expense ratio (Regular) | Not available | 1.56% |
| Base expense ratio (Regular) | 0.00% | 1.25% |
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
Nippon India ETF Nifty Midcap 150 vs Nippon India Growth Mid Cap Fund: Frequently Asked Questions
What is the difference between Nippon India ETF Nifty Midcap 150 and Nippon India Growth Mid Cap Fund?
Nippon India ETF Nifty Midcap 150 is a mutual fund, Nippon India Growth Mid Cap Fund is a Mid Cap fund, run by Nippon India Mutual Fund. Their portfolios overlap 45.8%. Nippon India ETF Nifty Midcap 150 charges 0.28% a year and Nippon India Growth Mid Cap Fund 0.80%.
Which has given higher returns, Nippon India ETF Nifty Midcap 150 or Nippon India Growth Mid Cap Fund?
Over 1 year: Nippon India ETF Nifty Midcap 150 −4.46%, Nippon India Growth Mid Cap Fund −8.89%. Over 3 years: Nippon India ETF Nifty Midcap 150 +13.60% a year, Nippon India Growth Mid Cap Fund +8.47% a year. Over 5 years: Nippon India ETF Nifty Midcap 150 +13.60% a year, Nippon India Growth Mid Cap Fund +9.29% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India ETF Nifty Midcap 150 or Nippon India Growth Mid Cap Fund?
Nippon India ETF Nifty Midcap 150 charges less: 0.28% a year against 0.80%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India ETF Nifty Midcap 150 and Nippon India Growth Mid Cap Fund overlap?
45.8%. They hold 63 of the same securities, the largest shared ones being MCX, FEDERALBNK, PAYTM. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India ETF Nifty Midcap 150 or Nippon India Growth Mid Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,28,575 in Nippon India ETF Nifty Midcap 150 (XIRR 12.0% a year) and ₹7,38,906 in Nippon India Growth Mid Cap Fund (XIRR 7.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India ETF Nifty Midcap 150 and Nippon India Growth Mid Cap Fund?
Yes. 45.8% 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.