The Zerodha Nifty Midcap 150 ETF, managed by Zerodha Asset Management, aims to replicate the total returns of the Nifty Midcap 150 TRI index, adopting a passive investment strategy.

With a fund size of ₹98.6 Cr and an expense ratio of 0.21%, this open-ended scheme maintains a low tracking error of 0.04%, ensuring efficient index replication.

The portfolio is primarily equity-focused, with significant allocations in Pharmaceuticals & Biotechnology and Banks, while top holdings include BSE Limited and MAX Healthcare, reflecting moderate concentration risk.

Performance over the past year has shown a decline of 2.6%, indicating challenges in the midcap segment, though no long-term CAGR data is available for deeper analysis.

Managed by Mr. Kedarnath Mirajkar since June 2024, the fund's liquidity is supported by its open-ended structure, allowing for flexible trading on NSE or BSE.