The Nippon India ETF Nifty Midcap 150, managed by Nippon Life India Asset Management Limited, is a passive equity scheme aiming to replicate the Nifty Midcap 150 TRI performance through direct investments.

This fund employs a replication strategy, aligning its holdings with the Nifty Midcap 150 TRI index, ensuring minimal tracking error while providing investors exposure to mid-cap equity growth opportunities.

With a total AUM of ₹2692.6 Cr, the fund features a diverse portfolio primarily focused on mid-cap stocks, with notable allocations in sectors like Banking and Pharmaceuticals at 9.51% and 6.44% respectively.

Performance metrics reveal a solid 1Y return of +7.0% and impressive 3Y and 5Y CAGR of 22.7% and 25.4%, indicating strong growth potential relative to market conditions and mid-cap sector dynamics.

The fund's expense ratio stands at a competitive 0.21%, complemented by a low tracking error of 0.12%, enhancing its appeal for cost-conscious investors seeking efficient mid-cap exposure.