LIC MF Nifty Midcap 100 ETF

The LIC MF Nifty Midcap 100 ETF, managed by LIC Mutual Fund Asset Management Limited, aims to mirror the returns of the Nifty Midcap 100 Index, focusing on market cap weighting.

Utilizing a replication strategy, this ETF targets the Nifty Midcap 100 - TRI benchmark, maintaining a low tracking error of 0.18%, ensuring performance alignment with its index.

The portfolio showcases a diverse sector allocation with significant holdings in Aerospace & Defense, Agricultural Products, and Auto Components, indicating a moderate concentration risk across key industries.

In the past year, the fund experienced a decline of 6.2%, reflecting market conditions, while longer-term performance metrics remain unavailable, suggesting a need for further analysis.

With a fund size of ₹691.9 Cr and a low expense ratio of 0.16%, the ETF is accessible for investors, managed by Mr. Sumit Bhatnagar, who brings 25 years of experience.