The ICICI Prudential Nifty Midcap 150 ETF, managed by ICICI Prudential Asset Management Company, is an open-ended scheme aiming to replicate the Nifty Midcap 150 Index's returns while minimizing tracking error.

This ETF employs a market cap weighted strategy, tracking the Nifty Midcap 150 TRI, ensuring that it closely mirrors the performance of midcap stocks within this benchmark.

The fund's portfolio is predominantly equity-focused, with 99.91% allocation to equity shares, exposing investors to key sectors like Financial Services at 23.34% and Capital Goods at 14.46%.

Over the past year, the fund experienced a decline of 5.0%, yet it showcases impressive 3-year and 5-year CAGR of 22.6% and 27.2%, respectively, indicating strong long-term performance.

With an AUM of ₹489.1 Cr and a low expense ratio of 0.15%, this ETF is accessible through major exchanges, ensuring liquidity while maintaining a tracking error of just 0.04%.