The HDFC Nifty Midcap 150 ETF, managed by HDFC Asset Management Company Limited, aims to mirror the performance of the NIFTY Midcap 150 Index with a market cap weighted strategy.

This open-ended scheme employs a tracking approach with a minimal tracking error of 0.04%, aligning closely with its benchmark, the NIFTY Midcap 150 Index (TRI).

The fund's portfolio is concentrated in equities, with a 99.93% allocation, featuring key holdings like Max Healthcare Institute Limited and Bombay Stock Exchange Limited, reflecting sector diversification.

Over the past year, the ETF has experienced a decline of 4.9%, highlighting potential volatility in midcap stocks, though risk-adjusted performance metrics remain favorable with a low tracking error.

With an AUM of ₹94.76 Cr and an expense ratio of 0.2%, the fund is designed for accessibility, managed by experienced professionals since February 2023, ensuring operational efficiency.