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.