SBI Midcap Fund vs Tata NIFTY Midcap 150 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Midcap Fund is a Mid Cap fund and Tata NIFTY Midcap 150 Index Fund is a mutual fund. In the year to 30-10-2026, SBI Midcap Fund (Direct) returned −5.0% and Tata NIFTY Midcap 150 Index Fund (Direct) returned −4.7%. SBI Midcap Fund charges 1.03% a year and Tata NIFTY Midcap 150 Index Fund 0.29% (Direct plans). Their portfolios overlap 29.4%: they hold 40 of the same securities.
Tata NIFTY Midcap 150 Index Fund
- 1 year return
- −4.7%
- Expense ratio
- 0.29%
- NAV
- ₹10.02
Which is better, SBI Midcap or Tata 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.
- Tata NIFTY Midcap 150 Index returned more over 1 year: −4.7% against −5.0%.
- Tata NIFTY Midcap 150 Index costs less: 0.29% a year against 1.03% (Direct plans).
- SBI Midcap fell less in its worst fall since 25-06-2025: −13.2% against −14.1%.
- SBI Midcap is the larger fund: ₹23,282 Cr against ₹318 Cr.
- Their portfolios overlap 29.4%: 40 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 | SBI Midcap Fund | Tata NIFTY Midcap 150 Index Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | Tata Mutual Fund |
| Category | Mid Cap | Not available |
| AUM | ₹23,282 Cr (30-09-2026) | ₹318 Cr (30-09-2026) |
| NAV | ₹249.78 (Direct) | ₹10.02 (Direct) |
| Expense ratio (Direct) | 1.03% | 0.29% |
| Expense ratio (Regular) | 1.81% | 1.10% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Midcap 150 TRI | Not available |
| Launch date | 29-03-2005 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Bhavin Vithlani | Not available |
| Exit load | Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days. | Not available |
SBI Midcap vs Tata 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 |
|---|---|---|---|---|---|---|---|
| SBI Midcap Fund (Direct) | −4.57% | −8.85% | −5.14% | −5.01% | +8.94% | +11.17% | +12.82% |
| Tata NIFTY Midcap 150 Index Fund (Direct) | −3.69% | −8.55% | −4.10% | −4.74% | -- | -- | -- |
| 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.
SBI Midcap vs Tata NIFTY Midcap 150 Index: Year-wise Returns
| Year | SBI MidcapSBI Midcap | Tata NIFTY Midcap 150 IndexTata NIFTY Midcap 150 Index | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −5.94% | −5.27% | −4.97% |
| 2025 | +1.20% | -- | +5.98% |
| 2024 | +21.41% | -- | +24.46% |
| 2023 | +35.67% | -- | +44.61% |
| 2022 | +3.95% | -- | +3.91% |
| 2021 | +53.63% | -- | +48.16% |
SBI Midcap vs Tata 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, 86 of them, one for each trading day from 25-06-2026 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.
SBI Midcap Fund (Direct)
Tata NIFTY Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
to
Jul 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Midcap | 9.3 | 52.3 | 33.7 | 4.7 | 0.0 | 0.0 | 0.0 | 4.0% | 3.4% | −5.6% | 10.5% | 13% |
| Tata NIFTY Midcap 150 Index | 12.8 | 33.7 | 34.9 | 18.6 | 0.0 | 0.0 | 0.0 | 5.6% | 5.4% | −5.9% | 13.7% | 0% |
| Nifty Midcap 150 TRI | 10.5 | 25.6 | 41.9 | 22.1 | 0.0 | 0.0 | 0.0 | 6.0% | 5.8% | −5.5% | 14.1% | -- |
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 25-06-2025. Past returns do not promise future returns.
SBI Midcap vs Tata 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
₹10,000 on the first trading day of every month, from 02-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI MidcapSBI Midcap Fund (Direct) | ₹1,70,000 | ₹1,62,286 | −₹7,714 | −6.1% |
| Tata NIFTY Midcap 150 IndexTata NIFTY Midcap 150 Index Fund (Direct) | ₹1,70,000 | ₹1,64,056 | −₹5,944 | −4.7% |
SBI MidcapSBI Midcap Fund (Direct)
Tata NIFTY Midcap 150 IndexTata 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.
SBI Midcap vs Tata NIFTY Midcap 150 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Midcap Fund (Direct) | Tata NIFTY Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.01% | −4.74% |
| Standard deviation | 14.45% | 16.58% |
| Sharpe ratio | -0.71 | -0.60 |
| Sortino ratio | -0.93 | -0.81 |
| Maximum drawdown | −13.1% (31-03-2026) | −14.1% (31-03-2026) |
| Beta | 0.84 | 1.00 |
| Alpha | −2.20% | −0.36% |
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 | SBI Midcap Fund (Direct) | Tata NIFTY Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.15% | −1.83% |
| Standard deviation | 14.97% | 15.30% |
| Sharpe ratio | 0.74 | -0.47 |
| Sortino ratio | 0.99 | -0.62 |
| Maximum drawdown | −43.0% (24-03-2020) | −14.1% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
From daily NAVs, 02-01-2013 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.
SBI Midcap Fund (Direct)
Tata 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 |
|---|---|---|---|---|---|---|
| SBI Midcap Fund (Direct) | −13.2% | 03-07-2025 | 31-03-2026 | 07-05-2026 | 37 days | −10.2% |
| Tata NIFTY Midcap 150 Index Fund (Direct) | −14.1% | 07-01-2026 | 31-03-2026 | 07-05-2026 | 37 days | −10.6% |
| Nifty Midcap 150 TRI | −13.9% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.5% |
From daily values since 25-06-2025, 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.
SBI Midcap Fund (Direct)
Tata NIFTY Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Midcap Fund (Direct) | 88% | 102% | 3.77% |
| Tata NIFTY Midcap 150 Index Fund (Direct) | 99% | 101% | 0.15% |
From month-end values since 25-06-2025. 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.
SBI Midcap vs Tata NIFTY Midcap 150 Index: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Midcap Fund, September 2026; Tata NIFTY Midcap 150 Index Fund, September 2026
Holdings in common
- Overlap
- 29.4%
- Held by both
- 40
- Only in SBI Midcap
- 17
- Only in Tata NIFTY Midcap 150 Index
- 109
| Security | % of SBI Midcap | % of Tata NIFTY Midcap 150 Index |
|---|---|---|
| Multi Commodity Exchange of India Ltd. | 3.12% | 2.08% |
| The Federal Bank Ltd. | 2.45% | 1.94% |
| Bharat Heavy Electricals Ltd. | 2.68% | 1.50% |
| Bharat Forge Ltd. | 2.23% | 1.32% |
| Lupin Ltd. | 1.83% | 1.22% |
| Indus Towers Ltd. | 1.51% | 1.19% |
| Aurobindo Pharma Ltd. | 2.18% | 1.14% |
| FSN E-Commerce Ventures Ltd. | 2.47% | 1.08% |
| One 97 Communications Ltd. | 0.99% | 1.78% |
| ICICI Lombard General Insurance Company Ltd. | 2.73% | 0.96% |
| Swiggy Ltd. | 1.93% | 0.93% |
| SRF Ltd. | 2.87% | 0.89% |
| The Phoenix Mills Ltd. | 1.66% | 0.89% |
| Fortis Healthcare Ltd. | 0.84% | 0.99% |
| JSW Energy Ltd. | 1.01% | 0.75% |
| Sundaram Finance Ltd. | 2.61% | 0.74% |
| Shree Cement Ltd. | 2.40% | 0.74% |
| 360 ONE WAM Ltd. | 1.59% | 0.67% |
| Billionbrains Garage Ventures Ltd. | 1.10% | 0.65% |
| Biocon Ltd. | 2.48% | 0.64% |
| Torrent Power Ltd. | 3.48% | 0.59% |
| Page Industries Ltd. | 1.65% | 0.57% |
| Colgate Palmolive (India) Ltd. | 1.36% | 0.57% |
| Supreme Industries Ltd. | 2.96% | 0.55% |
| JSW Infrastructure Ltd. | 1.33% | 0.53% |
| Mahindra & Mahindra Financial Services Ltd. | 1.09% | 0.53% |
| JK Cement Ltd. | 1.09% | 0.52% |
| Oberoi Realty Ltd. | 2.05% | 0.51% |
| PI Industries Ltd. | 1.49% | 0.46% |
| ICICI Prudential Life Insurance Company Ltd. | 1.91% | 0.44% |
| Schaeffler India Ltd. | 1.51% | 0.39% |
| AIA Engineering Ltd. | 1.16% | 0.37% |
| HDB Financial Services Ltd. | 1.87% | 0.33% |
| Dalmia Bharat Ltd. | 1.66% | 0.33% |
| Berger Paints India Ltd. | 2.23% | 0.32% |
| Glaxosmithkline Pharmaceuticals Ltd. | 1.40% | 0.28% |
| CRISIL Ltd. | 2.87% | 0.27% |
| Thermax Ltd. | 0.27% | 0.32% |
| Anthem Biosciences Ltd. | 1.59% | 0.23% |
| L&T Technology Services Ltd. | 0.69% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.4% means 29.4% 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 SBI Midcap Fund
| Security | % of fund |
|---|---|
| Urban Company Ltd. | 2.35% |
| Siemens Ltd. | 2.25% |
| Grindwell Norton Ltd. | 2.14% |
| Sundram Fasteners Ltd. | 1.95% |
| Motherson Sumi Wiring India Ltd. | 1.80% |
Largest holdings only in Tata NIFTY Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| LAURUS LABS LTD | 1.91% |
| HERO MOTOCORP LTD | 1.68% |
| INDIAN HOTELS CO. LTD | 1.58% |
| COFORGE LTD | 1.50% |
| INDUSIND BANK LTD | 1.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Midcap | Tata NIFTY Midcap 150 Index |
|---|---|---|
| Equity | 97.0% | 98.7% |
| Debt | 0.8% | 0.0% |
| Cash and others | 2.2% | 1.3% |
Market cap of stocks
| Market cap | SBI Midcap | Tata NIFTY Midcap 150 Index |
|---|---|---|
| Large Cap | 12.4% | 5.7% |
| Mid Cap | 67.1% | 90.4% |
| Small Cap | 17.6% | 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 | SBI Midcap | Tata NIFTY Midcap 150 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.5% | 9.2% |
| Banks | 2.5% | 8.7% |
| Finance | 8.4% | 6.2% |
| Industrial Products | 7.8% | 3.0% |
| Auto Components | 7.5% | 4.6% |
| Retailing | 6.8% | 5.6% |
| Power | 6.2% | 2.5% |
| Electrical Equipment | 5.9% | 6.0% |
| Capital Markets | 5.8% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Midcap vs Tata NIFTY Midcap 150 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Midcap Fund | Tata NIFTY Midcap 150 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 0.29% |
| Base expense ratio (Direct) | 0.73% | 0.11% |
| Total expense ratio (Regular) | 1.81% | 1.10% |
| Base expense ratio (Regular) | 1.40% | 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.
More comparisons
Each fund against the others of its category
SBI Midcap Fund vs Tata NIFTY Midcap 150 Index Fund: Frequently Asked Questions
What is the difference between SBI Midcap Fund and Tata NIFTY Midcap 150 Index Fund?
SBI Midcap Fund is a Mid Cap fund, Tata NIFTY Midcap 150 Index Fund is a mutual fund, run by SBI Mutual Fund and Tata Mutual Fund. Their portfolios overlap 29.4%. SBI Midcap Fund charges 1.03% a year and Tata NIFTY Midcap 150 Index Fund 0.29%.
Which has given higher returns, SBI Midcap Fund or Tata NIFTY Midcap 150 Index Fund?
Over 1 year: SBI Midcap Fund −5.01%, Tata NIFTY Midcap 150 Index Fund −4.74%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Midcap Fund or Tata NIFTY Midcap 150 Index Fund?
Tata NIFTY Midcap 150 Index Fund charges less: 0.29% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Midcap Fund and Tata NIFTY Midcap 150 Index Fund overlap?
29.4%. They hold 40 of the same securities, the largest shared ones being MCX, FEDERALBNK, BHEL. From each fund's latest monthly portfolio.
Can I invest in both SBI Midcap Fund and Tata NIFTY Midcap 150 Index Fund?
Yes. 29.4% of each fund's money sits in the same holdings, so some 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.