Nippon India ETF Nifty Midcap 150

The Nippon India ETF Nifty Midcap 150, managed by Nippon Life India Asset Management Limited, is an open-ended passive scheme aimed at tracking the Nifty Midcap 150 TRI index.

This ETF employs a replication strategy, investing in the Nifty Midcap 150 Index securities in proportion to their representation in the index, ensuring effective benchmark tracking.

The portfolio is diversified, with significant allocations to sectors like Pharmaceuticals & Biotechnology at 7.37% and Banks at 7.3%, though concentrated risk exists in individual holdings.

Performance metrics highlight a 1-year decline of -5.5%, contrasted by impressive 3-year and 5-year CAGR at 22.1% and 27.2%, respectively, indicating strong long-term growth potential.

With an AUM of ₹2547.3 Cr and a low expense ratio of 0.21%, this ETF is accessible for investors, managed by Himanshu Mange since December 2023, ensuring operational efficiency.