LIC MF Nifty Midcap 100 ETF

The LIC MF Nifty Midcap 100 ETF, managed by LIC Mutual Fund Asset Management Limited, aims to replicate the total returns of the Nifty Midcap 100 Total Return Index through a passive investment strategy.

The fund tracks the Nifty Midcap 100 - TRI benchmark with a minimal tracking error of 0.11%, ensuring closely aligned performance to its index, reflecting its commitment to passive management principles.

With a total AUM of ₹704.8 Cr, the ETF holds a concentrated portfolio in equities, primarily in sectors like Capital Markets and Automobiles, indicating a focused investment approach.

In the past year, the fund has achieved a return of 3.97%, showcasing moderate performance in a volatile market, while maintaining a low expense ratio of 0.16% for efficient cost management.

Led by Mr. Sumit Bhatnagar since Feb 2024, the fund's operational structure supports liquidity with minimal exit load, making it accessible for investors seeking midcap exposure.