The ICICI Prudential Nifty Midcap 150 ETF, managed by ICICI Prudential Asset Management Company, aims for long-term wealth creation by closely tracking the Nifty Midcap 150 Index.

Employing a passive investment strategy, this ETF replicates the Nifty Midcap 150 TRI, ensuring minimal tracking error of just 0.04%, enhancing its appeal to investors seeking index-like returns.

The portfolio predominantly features equities, with a significant tilt towards the Financial Services sector at 25%, highlighting a concentration in midcap stocks across various industries.

Performance metrics reveal a strong 1-year return of +9.0% and a robust 3-year CAGR of 23.1%, reflecting consistent growth amid market fluctuations and favorable economic conditions.

With an expense ratio of 0.15% and a fund size of ₹516.4 Cr, the ETF offers efficient cost management, overseen by experienced fund managers Nishit Patel and Ajaykumar Solanki.