Nippon India ETF Nifty Midcap 150 vs UTI Nifty Midcap 150 Index Fund

Direct Plan, Growth option · Data as on 30-10-2026

Nippon India ETF Nifty Midcap 150 is a mutual fund and UTI Nifty Midcap 150 Index Fund is an Index fund. In the year to 30-10-2026, Nippon India ETF Nifty Midcap 150 (Direct) returned −4.5% and UTI Nifty Midcap 150 Index Fund (Direct) returned −4.8%. Nippon India ETF Nifty Midcap 150 charges 0.28% a year and UTI Nifty Midcap 150 Index Fund 0.72% (Direct plans). Their portfolios overlap 99.6%: they hold 149 of the same securities.

Nippon India ETF Nifty Midcap 150

1 year return: −4.5%
Expense ratio: 0.28%
NAV: ₹217.96

See Nippon India ETF Nifty Midcap 150

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, Nippon India ETF Nifty Midcap 150 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.

Nippon India ETF Nifty Midcap 150 returned more over 1 year: −4.5% against −4.8%.
Nippon India ETF Nifty Midcap 150 costs less: 0.28% a year against 0.72% (Direct plans).
Nippon India ETF Nifty Midcap 150 fell less in its worst fall since 03-12-2024: −18.8% against −18.9%.
Nippon India ETF Nifty Midcap 150 is the larger fund: ₹3,821 Cr against ₹76 Cr.
Their portfolios overlap 99.6%: 149 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

Nippon India ETF Nifty Midcap 150 (Direct)
−2.0%
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	Nippon India ETF Nifty Midcap 150	UTI Nifty Midcap 150 Index Fund
Fund house	Nippon India Mutual Fund	UTI Mutual Fund
Category	Not available	Index
AUM	₹3,821 Cr (30-09-2026)	₹76 Cr (30-09-2026)
NAV	₹217.96 (Direct)	₹10.10 (Direct)
Expense ratio (Direct)	0.28%	0.72%
Expense ratio (Regular)	Not available	1.15%
Riskometer	Not available	Very High
Benchmark	Not available	Nifty Midcap 150 TRI
Launch date	Not available	28-11-2024
Minimum investment	Not available	₹1,000
Lock in	Not available	None
Fund managers	Not available	Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3
Exit load	Not available	Nil

Nippon India ETF Nifty Midcap 150 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
Nippon India ETF Nifty Midcap 150 (Direct)	−3.63%	−8.46%	−3.99%	−4.46%	+13.60%	+13.60%	--
UTI Nifty Midcap 150 Index Fund (Direct)	−3.72%	−8.56%	−4.16%	−4.82%	--	--	--

Nippon India ETF Nifty Midcap 150 vs UTI Nifty Midcap 150 Index: Year-wise Returns

Year	Nippon India ETF Nifty Midcap 150Nippon India ETF Nifty Midcap 150	UTI Nifty Midcap 150 IndexUTI Nifty Midcap 150 Index	Nifty Midcap 150 TRI
2026to date	−5.05%	−5.33%	−4.97%
2025	+5.77%	+5.39%	+5.98%
2024	+24.13%	--	+24.46%
2023	+44.29%	--	+44.61%
2022	+3.62%	--	+3.91%
2021	+47.60%	--	+48.16%

Nippon India ETF Nifty Midcap 150 vs UTI Nifty Midcap 150 Index: Rolling Returns

Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both

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

Nippon India ETF Nifty Midcap 150 (Direct)UTI Nifty Midcap 150 Index Fund (Direct)Nifty Midcap 150 TRI

How the periods spread

Fund	Below 0%	0-5%	5-10%	10-15%	15-20%	20-25%	Mean	Median	Lowest	Highest	Beat benchmark
Nippon India ETF Nifty Midcap 150	5.4	22.8	37.9	22.3	8.9	2.7	8.1%	7.5%	−5.6%	21.4%	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 150 TRI	4.0	21.0	40.6	22.3	8.9	3.1	8.3%	7.8%	−5.5%	21.8%	--

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 03-12-2024. Past returns do not promise future returns.

Nippon India ETF Nifty Midcap 150 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
Nippon India ETF Nifty Midcap 150Nippon India ETF Nifty Midcap 150 (Direct)	₹2,30,000	₹2,29,358	−₹642	−0.3%
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

Nippon India ETF Nifty Midcap 150Nippon India ETF Nifty Midcap 150 (Direct)UTI 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.

Nippon India ETF Nifty Midcap 150 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	Nippon India ETF Nifty Midcap 150 (Direct)	UTI Nifty Midcap 150 Index Fund (Direct)
Return (CAGR)	−4.46%	−4.82%
Standard deviation	16.63%	16.54%
Sharpe ratio	-0.58	-0.61
Sortino ratio	-0.78	-0.81
Maximum drawdown	−13.9% (30-03-2026)	−14.0% (31-03-2026)
Beta	1.00	1.00
Alpha	−0.12%	−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	Nippon India ETF Nifty Midcap 150 (Direct)	UTI Nifty Midcap 150 Index Fund (Direct)
Return (CAGR)	+17.96%	−0.52%
Standard deviation	18.17%	17.06%
Sharpe ratio	0.70	-0.36
Sortino ratio	0.92	-0.48
Maximum drawdown	−38.4% (23-03-2020)	−18.9% (28-02-2025)
Beta	1.00	1.00
Alpha	−0.31%	−0.53%

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.

−20%−15%−10%−5%0%

20252026

Nippon India ETF Nifty Midcap 150 (Direct)UTI Nifty Midcap 150 Index 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)	−18.8%	16-12-2024	28-02-2025	09-06-2025	3 months	−10.5%
UTI Nifty Midcap 150 Index Fund (Direct)	−18.9%	16-12-2024	28-02-2025	10-06-2025	3 months	−10.6%
Nifty Midcap 150 TRI	−18.9%	16-12-2024	28-02-2025	09-06-2025	3 months	−10.5%

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

Nippon India ETF Nifty Midcap 150 (Direct)UTI Nifty Midcap 150 Index 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%	0.12%
UTI Nifty Midcap 150 Index Fund (Direct)	99%	101%	0.08%

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.

Nippon India ETF Nifty Midcap 150 vs UTI Nifty Midcap 150 Index: Portfolio Overlap

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

Holdings in common

Overlap: 99.6%
Held by both: 149
Only in Nippon India ETF Nifty Midcap 150: 0
Only in UTI Nifty Midcap 150 Index: 1

Security	% of Nippon India ETF Nifty Midcap 150	% of UTI Nifty Midcap 150 Index
Multi Commodity Exchange of India Limited	2.08%	2.08%
The Federal Bank Limited	1.94%	1.93%
Laurus Labs Limited	1.91%	1.90%
One 97 Communications Limited	1.79%	1.78%
Hero MotoCorp Limited	1.68%	1.68%
The Indian Hotels Company Limited	1.58%	1.58%
Coforge Limited	1.51%	1.50%
Bharat Heavy Electricals Limited	1.50%	1.49%
IndusInd Bank Limited	1.47%	1.46%
AU Small Finance Bank Limited	1.45%	1.45%
Persistent Systems Limited	1.42%	1.42%
Dixon Technologies (India) Limited	1.35%	1.35%
IDFC First Bank Limited	1.34%	1.33%
Bharat Forge Limited	1.32%	1.32%
GE Vernova T&D India Limited	1.29%	1.28%
Life Insurance Corporation Of India	1.24%	1.24%
Lenskart Solutions Limited	1.24%	1.24%
Lupin Limited	1.22%	1.22%
Suzlon Energy Limited	1.19%	1.19%
Indus Towers Limited	1.19%	1.18%
Info Edge (India) Limited	1.17%	1.17%
Aurobindo Pharma Limited	1.14%	1.14%
Ashok Leyland Limited	1.09%	1.09%
FSN E-Commerce Ventures Limited	1.08%	1.08%
Marico Limited	1.03%	1.03%
Fortis Healthcare Limited	0.99%	0.99%
United Spirits Limited	0.99%	0.99%
APL Apollo Tubes Limited	0.99%	0.98%
ICICI Lombard General Insurance Company Limited	0.96%	0.96%
Embassy Office Parks REIT	0.94%	0.94%
Swiggy Limited	0.93%	0.93%
PB Fintech Limited	0.93%	0.93%
REC Limited	0.92%	0.92%
Yes Bank Limited	0.91%	0.91%
Max Financial Services Limited	0.90%	0.90%
The Phoenix Mills Limited	0.89%	0.89%
SRF Limited	0.89%	0.89%
Glenmark Pharmaceuticals Limited	0.87%	0.87%
Radico Khaitan Limited	0.85%	0.84%
Hindustan Petroleum Corporation Limited	0.83%	0.83%
Lodha Developers Limited	0.83%	0.83%
GMR Airports Limited	0.82%	0.81%
Apar Industries Limited	0.80%	0.80%
Aditya Birla Capital Limited	0.80%	0.80%
Alkem Laboratories Limited	0.77%	0.77%
National Aluminium Company Limited	0.76%	0.75%
JSW Energy Limited	0.75%	0.75%
UPL Limited	0.75%	0.75%
Shree Cement Limited	0.74%	0.74%
Sundaram Finance Limited	0.74%	0.74%
Mphasis Limited	0.71%	0.70%
Vishal Mega Mart Limited	0.70%	0.70%
Indian Bank	0.70%	0.70%
Mankind Pharma Limited	0.70%	0.70%
NHPC Limited	0.68%	0.68%
KEI Industries Limited	0.68%	0.68%
360 One WAM Limited	0.67%	0.67%
Piramal Finance Limited	0.66%	0.66%
IPCA Laboratories Limited	0.66%	0.65%
Billionbrains Garage Ventures Ltd	0.65%	0.65%
Steel Authority of India Limited	0.65%	0.65%
NMDC Limited	0.65%	0.65%
Lloyds Metals And Energy Limited	0.64%	0.64%
Biocon Limited	0.64%	0.64%
Havells India Limited	0.63%	0.63%
Oracle Financial Services Software Limited	0.63%	0.63%
MRF Limited	0.63%	0.63%
Tube Investments of India Limited	0.63%	0.63%
Prestige Estates Projects Limited	0.62%	0.62%
Oil India Limited	0.61%	0.60%
Voltas Limited	0.60%	0.60%
Torrent Power Limited	0.59%	0.58%
Jindal Stainless Limited	0.58%	0.58%
Colgate Palmolive (India) Limited	0.57%	0.57%
Page Industries Limited	0.57%	0.57%
Waaree Energies Limited	0.56%	0.56%
L&T Finance Limited	0.56%	0.56%
Dabur India Limited	0.56%	0.55%
Supreme Industries Limited	0.55%	0.55%
Godrej Properties Limited	0.54%	0.54%
Petronet LNG Limited	0.53%	0.53%
UNO Minda Limited	0.53%	0.53%
Mahindra & Mahindra Financial Services Limited	0.53%	0.53%
Kalyan Jewellers India Limited	0.53%	0.52%
JK Cement Limited	0.53%	0.52%
JSW Infrastructure Ltd	0.53%	0.52%
Meesho Ltd	0.52%	0.52%
Coromandel International Limited	0.52%	0.51%
Oberoi Realty Limited	0.51%	0.51%
Blue Star Limited	0.49%	0.49%
Tata Communications Limited	0.48%	0.48%
Exide Industries Limited	0.46%	0.46%
PI Industries Limited	0.46%	0.46%
Aster DM Quality Care Limited	0.46%	0.46%
Gujarat Fluorochemicals Limited	0.46%	0.45%
ITC Hotels Limited	0.46%	0.45%
ICICI Prudential Asset Management Company Limited	0.45%	0.45%
Hindustan Copper Limited	0.45%	0.45%
Jubilant Foodworks Limited	0.44%	0.44%
LG Electronics India Ltd	0.44%	0.43%
ICICI Prudential Life Insurance Company Limited	0.44%	0.43%
SBI Cards and Payment Services Limited	0.43%	0.42%
Balkrishna Industries Limited	0.42%	0.42%
Astral Limited	0.41%	0.41%
Ajanta Pharma Limited	0.41%	0.41%
Adani Total Gas Limited	0.41%	0.41%
Bank of Maharashtra	0.40%	0.40%
Bank of India	0.39%	0.39%
LIC Housing Finance Limited	0.39%	0.39%
Motilal Oswal Financial Services Limited	0.39%	0.39%
Schaeffler India Limited	0.39%	0.39%
Container Corporation of India Limited	0.38%	0.38%
AIA Engineering Limited	0.37%	0.37%
Authum Investment And Infrastructure Limited	0.36%	0.36%
Abbott India Limited	0.35%	0.35%
Indian Railway Catering And Tourism Corporation Limited	0.34%	0.34%
Dalmia Bharat Limited	0.33%	0.33%
Linde India Limited	0.33%	0.33%
HDB Financial Services Limited	0.33%	0.33%
Thermax Limited	0.33%	0.32%
General Insurance Corporation of India	0.33%	0.32%
Berger Paints (I) Limited	0.32%	0.32%
Premier Energies Limited	0.31%	0.31%
Narayana Hrudayalaya Limited	0.31%	0.31%
Patanjali Foods Limited	0.31%	0.31%
Cochin Shipyard Limited	0.31%	0.31%
Global Health Limited	0.30%	0.30%
K.P.R. Mill Limited	0.30%	0.30%
GlaxoSmithKline Pharmaceuticals Limited	0.28%	0.28%
Rail Vikas Nigam Limited	0.28%	0.28%
CRISIL Limited	0.27%	0.27%
Bharti Hexacom Limited	0.27%	0.26%
Bharat Dynamics Limited	0.25%	0.25%
NLC India Limited	0.24%	0.24%
Anthem Biosciences Limited	0.23%	0.23%
Endurance Technologies Limited	0.23%	0.23%
L&T Technology Services Limited	0.22%	0.22%
Escorts Kubota Limited	0.22%	0.22%
Indian Renewable Energy Development Agency Limited	0.22%	0.22%
Bajaj Housing Finance Limited	0.22%	0.22%
Housing & Urban Development Corporation Limited	0.21%	0.21%
NTPC Green Energy Limited	0.21%	0.21%
United Breweries Limited	0.21%	0.21%
Tata Investment Corporation Limited	0.20%	0.20%
Godfrey Phillips India Limited	0.19%	0.19%
Hexaware Technologies Limited	0.18%	0.18%
Fertilizers and Chemicals Travancore Limited	0.12%	0.12%
Godrej Industries Limited	0.11%	0.11%
Indian Overseas Bank	0.11%	0.11%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.6% means 99.6% 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

Every holding of this fund is also held by the other.

Largest holdings only in UTI Nifty Midcap 150 Index Fund

Security	% of fund
EQ - NIPPON LIFE INDIA ASSET MANAGE	0.48%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Nippon India ETF Nifty Midcap 150	UTI Nifty Midcap 150 Index
Equity	99.0%	99.2%
Debt	0.0%	0.0%
Cash and others	1.0%	0.8%

Market cap of stocks

Market cap	Nippon India ETF Nifty Midcap 150	UTI Nifty Midcap 150 Index
Large Cap	5.7%	5.7%
Mid Cap	90.7%	90.9%
Small Cap	2.5%	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	Nippon India ETF Nifty Midcap 150	UTI Nifty Midcap 150 Index
Pharmaceuticals & Biotechnology	9.2%	9.2%
Banks	8.7%	8.7%
Finance	6.8%	6.8%
Electrical Equipment	6.0%	6.0%
Retailing	5.6%	5.6%
Capital Markets	4.2%	4.7%
Auto Components	4.6%	4.6%

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

Nippon India ETF Nifty Midcap 150 vs UTI Nifty Midcap 150 Index: Expense Ratio

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

Charge	Nippon India ETF Nifty Midcap 150	UTI Nifty Midcap 150 Index Fund
Total expense ratio (Direct)	0.28%	0.72%
Base expense ratio (Direct)	0.18%	0.50%
Total expense ratio (Regular)	Not available	1.15%
Base expense ratio (Regular)	0.00%	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.

Nippon India ETF Nifty Midcap 150 vs UTI Nifty Midcap 150 Index Fund: Frequently Asked Questions

What is the difference between Nippon India ETF Nifty Midcap 150 and UTI Nifty Midcap 150 Index Fund?

Nippon India ETF Nifty Midcap 150 is a mutual fund, UTI Nifty Midcap 150 Index Fund is an Index fund, run by Nippon India Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.6%. Nippon India ETF Nifty Midcap 150 charges 0.28% a year and UTI Nifty Midcap 150 Index Fund 0.72%.

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

Over 1 year: Nippon India ETF Nifty Midcap 150 −4.46%, 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, Nippon India ETF Nifty Midcap 150 or UTI Nifty Midcap 150 Index Fund?

Nippon India ETF Nifty Midcap 150 charges less: 0.28% a year against 0.72%. These are the Direct plans' total expense ratios reported to AMFI.

How much do Nippon India ETF Nifty Midcap 150 and UTI Nifty Midcap 150 Index Fund overlap?

99.6%. They hold 149 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.

Can I invest in both Nippon India ETF Nifty Midcap 150 and UTI Nifty Midcap 150 Index Fund?

Yes. 99.6% 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.