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List of Top Medium Liquidity ETFs in India

Medium-liquidity ETFs occupy the space between the most actively traded funds and products that see limited participation. They usually record steady volumes in normal market conditions, yet spreads, depth, and pricing behaviour can change when activity shifts. Let’s take a look at some of the best medium-liquidity ETFs below.

Top Medium Liquidity ETFs (2026)

Medium Liquidity ETF Screener

Medium Liquidity ETF Screener

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Showing 1 - 20 of 36 results

last updated at 9:45 PM IST 
NameStocks (36)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓3M Average Volume3M Average Volume↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓Volatility vs NiftyVolatility vs Nifty↓↓Expense RatioExpense Ratio↓
1.Bharat 22 ETFICICIB22EquityEquity22,756.6122,756.61118.90118.906,61,298.116,61,298.111.111.11-4.65-4.657.437.4319.9119.911.141.140.070.07
2.Nippon India ETF Nifty Bank BeESBANKBEESEquityEquity13,949.2513,949.25566.86566.867,16,145.897,16,145.890.880.88-9.60-9.60-1.21-1.2114.3214.320.980.980.190.19
3.Kotak Nifty Bank ETFBANKNIFTY1EquityEquity11,301.2411,301.2456.6756.677,65,985.477,65,985.470.730.73-9.87-9.87-1.19-1.1914.0314.031.061.060.150.15
4.Motilal Oswal NASDAQ 100 ETFMON100EquityEquity8,740.258,740.25218.98218.989,78,109.489,78,109.480.590.59-5.44-5.443.373.3721.1421.141.501.500.590.59
5.Nippon India ETF Nifty Next 50 Junior BeESJUNIORBEESEquityEquity2,956.382,956.38700.61700.615,01,822.425,01,822.421.001.00-5.96-5.96-5.72-5.7210.2410.241.131.130.170.17
6.ICICI Prudential Nifty 50 ETFNIFTYIETFEquityEquity2,920.722,920.72265.84265.849,33,091.589,33,091.580.780.78-7.83-7.83-6.58-6.585.875.870.960.960.020.02
7.Aditya Birla Sun Life Nifty 50 ETFBSLNIFTYEquityEquity645.16645.1627.4727.476,30,716.896,30,716.890.810.81-7.91-7.91-6.53-6.536.026.020.940.940.040.04
8.Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETFAXISBPSETFEquityEquity372.11372.1113.2013.205,44,358.105,44,358.10-0.08-0.080.000.001.931.935.945.940.200.200.280.28
9.ICICI Prudential Nifty Next 50 ETFNEXT50IETFEquityEquity224.07224.0769.7769.779,44,638.779,44,638.772.772.77-4.18-4.18-3.90-3.9012.4612.461.101.100.100.10
10.Motilal Oswal Nifty Midcap 100 ETFMOM100EquityEquity138.60138.6059.5459.546,41,606.566,41,606.561.041.04-7.23-7.23-6.06-6.0614.4114.411.331.330.230.23
11.ICICI Prudential BSE Liquid Rate ETF - IDCWLIQUIDIETFEquityEquity86.4086.40999.99999.996,59,395.476,59,395.470.010.01-0.00-0.000.000.000.000.000.000.000.250.25
12.Edelweiss Nifty LargeMidcap 250 ETFELM250EquityEquity54.7954.7915.4415.445,23,387.195,23,387.191.381.38-6.93-6.93-6.31-6.31-4.69-4.691.131.131.091.09
13.UTI Nifty Bank ETFBANKBETAEquityEquity51.3451.3456.4256.425,46,219.485,46,219.480.680.68-9.86-9.86-1.42-1.4214.0014.001.001.000.180.18
14.ICICI Pru Nifty Financial Services Ex-Bank ETFFINIETFEquityEquity46.8046.8030.0730.077,36,997.947,36,997.940.570.57-7.02-7.02-1.54-1.5420.0920.091.461.460.200.20
15.Groww Nifty India Defence ETFGROWWDEFNCEquityEquity46.0646.0680.2780.276,23,340.946,23,340.941.941.94-0.11-0.11-3.39-3.3941.7441.742.062.060.490.49
16.Aditya BSL Nifty Healthcare ETFHEALTHYEquityEquity44.7644.7614.9814.985,32,867.945,32,867.941.351.350.940.94-0.53-0.5310.5510.551.111.110.190.19
17.ICICI Prudential Nifty Auto ETFAUTOIETFEquityEquity34.1934.1925.8725.878,67,562.818,67,562.812.172.17-9.80-9.80-7.87-7.8722.0922.091.391.390.200.20
18.Motilal Oswal Nifty 500 ETFMONIFTY500EquityEquity31.8031.8022.2422.247,23,187.637,23,187.631.281.28-6.95-6.95-6.95-6.958.598.591.041.040.210.21
19.DSP Nifty Top 10 Equal Weight ETFTOP10ADDEquityEquity30.8130.8187.2187.217,46,232.987,46,232.980.880.88-9.42-9.42-9.44-9.44-2.06-2.060.950.950.140.14
20.Kotak Nifty IT ETFITEquityEquity29.0729.0731.7231.728,18,953.618,18,953.61-1.03-1.03-12.35-12.35-19.90-19.90-18.39-18.391.631.630.090.09
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: 3M Average Volume: Mid | Market Cap: Sorted from Highest to Lowest

What are Medium-Liquidity ETFs?

Medium-liquidity ETFs sit between highly traded, large-volume funds and thinly traded niche products. They usually offer reasonable ease of buying and selling, but may not match the tight spreads and depth seen in the most active ETFs.

Overview of Top Medium-Liquidity ETFs in India

Nippon India ETF Nifty Bank BeES

This ETF tracks the Nifty Bank Index, which includes major banking stocks in India. It gives investors focused exposure to the banking sector rather than the broader market.

SBI Nifty 50 ETF

SBI Nifty 50 ETF follows the Nifty 50 Index, representing 50 of India’s largest and most actively traded companies. It aims to deliver returns similar to the overall large-cap market by holding the same stocks in the same proportion.

Motilal Oswal NASDAQ 100 ETF

This ETF mirrors the NASDAQ-100 Index, which includes 100 of the largest non-financial companies listed on the NASDAQ exchange, such as tech and growth-oriented firms. It helps Indian investors gain exposure to global technology and innovation-focused stocks.

ICICI Prudential Nifty 50 ETF

ICICI Prudential Nifty 50 ETF tracks the Nifty 50 Index just like other Nifty 50 funds. It invests in the same basket of 50 benchmark stocks to match the performance of India’s leading equity index.

Nippon India ETF Nifty Midcap 150

This ETF follows the Nifty Midcap 150 Index, which represents 150 mid-sized companies in the Indian market. It aims to reflect the performance of midcap stocks, offering diversification beyond large caps.

How to Invest in Medium-Liquidity ETFs?

Here's how you can invest in Medium-Liquidity ETFs using Tickertape -

  1. Create an account on the Tickertape or log in if you already have one.
  2. Open Medium-Liquidity ETFs Screener
  3. You can review this data to evaluate each ETF’s performance trends and determine whether they align with your investment thesis.
  4. Once you’ve decided on an ETF, you can place a buy order through your brokerage account linked to Tickertape.

Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Taxation on Medium-Liquidity ETFs in India

Tax rules for medium-liquidity ETFs depend on what the ETF invests in, such as equities, gold or silver, or debt instruments. The holding period and applicable rate change accordingly.

ETF Type Underlying Exposure Holding Period Tax Treatment
Equity ETF More than 65% in domestic equities Less than 12 months 20% STCG
Equity ETF More than 65% in domestic equities More than 12 months 12.5% LTCG (gains up to ₹1.25 lakh exempt)
Commodity ETF Gold or Silver Less than 12 months Taxed at income tax slab rate
Commodity ETF Gold or Silver More than 12 months 12.5% without indexation
Debt ETF Debt instruments Any period Taxed at income tax slab rate

Benefits of Investing in Medium-Liquidity ETFs in India

Balance Between Access and Activity

These ETFs usually allow smooth buying and selling during market hours. Orders of small or moderate size often execute without large price disruptions. Investors get tradability without depending only on the most crowded products.

Reasonable Transaction Costs

Bid and sell prices in medium-liquidity ETFs often stay within a manageable range. Spreads may be wider than heavily traded funds, but they are typically tighter than very illiquid ETFs. This helps control implicit trading costs.

Exposure to Specialised Themes

Many medium-liquidity ETFs track sectoral, strategy, or factor indices. They help investors access areas beyond broad benchmarks while still offering exchange-based liquidity.

Diversification Through a Basket

Like other ETFs, they hold multiple securities. This structure spreads exposure across companies or bonds instead of concentrating risk in a single stock.

Market Maker Support

ETF liquidity does not depend only on exchange trading volume. Authorised participants can create or redeem units using the underlying securities. This mechanism often supports smoother execution even if screen volumes look moderate.

Risks of Investing in Medium-Liquidity ETFs

Wider Bid-Ask Spreads Raise Costs

Medium-liquidity ETFs often show a bigger gap between the buy price and the sell price than the most actively traded ETFs. This gap acts like a hidden cost. This cost rises when volatility increases or when fewer traders place orders.

Higher Slippage on Large Orders

Medium-liquidity ETFs can show limited depth at the best price levels. Larger orders can “walk the book” and execute at worse prices than expected. Indian market microstructure describes this as impact cost, where real execution drifts away from the ideal mid-price when liquidity is not deep.

Prices Can Diverge From NAV

ETF shares trade on the exchange at market prices, and those prices can differ from the ETF’s net asset value (NAV). Medium liquidity can increase the chance and size of these gaps, especially when trading activity drops or when the underlying holdings become harder to price quickly.

Liquidity Can Fade in Stress

Liquidity is not stable. A medium-liquidity ETF can behave like a low-liquidity ETF during sharp market moves, because buyers step back, spreads widen, and market makers reduce risk. In stressed conditions, the premium or discount to NAV can persist longer than usual.

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Factors to Consider Before Investing In Medium-Liquidity ETFs in India

Trading Volume Pattern

Daily traded value shows how frequently units change hands. Stable and broad participation across many trades often signals a healthier market than volume generated by one or two large blocks. Investors also compare recent activity with historical averages to understand whether liquidity remains consistent or temporary.

Bid-Ask Spread

The spread reflects the immediate round-trip cost of entering and exiting. Medium-liquidity ETFs may show tight quotes during calm sessions, but spreads can expand when volatility rises, news flow increases, or hedging becomes difficult for market makers.

Order Book Depth

Depth indicates how many units buyers and sellers offer at successive price levels. Limited quantities at the best quotes can push transactions toward less favourable prices even without dramatic changes in overall volume.

Underlying Market Liquidity

The ETF ultimately derives liquidity from the securities it holds. If those stocks or bonds trade actively, authorised participants can hedge efficiently and maintain tighter pricing. If the basket becomes harder to transact, quotes may adjust to reflect that additional risk.

Premium or Discount Behaviour

ETF units trade in real time, while the value of the portfolio updates through the day. Temporary gaps can appear between the market price and the indicative value. Reviewing the size, frequency, and speed of correction of these gaps provides insight into pricing efficiency.

Conclusion

Medium-liquidity ETFs can behave differently depending on participation, order size, and conditions in the underlying market. Observing trading patterns, spreads, depth, and premium or discount trends helps build a clearer picture of how pricing and execution may work in practice.

Using tools like the Tickertape Stock Screener, with over 200 filters, can help investors compare ETFs across liquidity indicators, portfolio composition, and cost structures to find options that align with their investment thesis.

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Frequently Asked Questions on Medium Liquidity ETFs

  1. What are medium-liquidity ETFs?

    Medium liquidity ETFs are ETFs that trade with moderate volumes and slightly wider spreads, sufficient for most retail orders, though sizeable trades may incur some slippage.

  2. How to invest in medium-liquidity ETFs?

    Here’s how you can invest in medium liquidity etfs –
    1. Go to the Tickertape Stock Screener
    2. Select the 'ETF' sector.
    3. Add a filter, ‘3M Average Volume’ and select 'Mid'.
    4. From the medium liquidity ETF, analyse and sort the etfs using over 200+ filters, including financials, technical indicators, and more, based on your investment thesis.
    5. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    6. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred etfs.


    Disclaimer: Please do your own research or consult your financial advisor before investing.

  3. What are some of the top medium-liquidity ETFs listed on NSE?

    Top NSE-listed Medium Liquidity ETFs in India based on market capitalisation include:
    1. Nippon India ETF Nifty Bank BeES
    2. SBI Nifty 50 ETF
    3. Motilal Oswal NASDAQ 100 ETF
    4. ICICI Prudential Nifty 50 ETF
    5. Nippon India ETF Nifty Midcap 150


    Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  4. What are the factors affecting medium-liquidity ETF prices?

    Medium liquidity ETF prices follow indices with modest volume and wider spreads, influenced by periodic inflows, rebalancing activity, creation-redemption costs and broker interest.

  5. What is the future projection for medium-liquidity ETFs?

    The outlook for medium-liquidity ETFs depends on several moving parts, including investor participation, market cycles, product innovation, and activity in the underlying securities. Changes in sector interest, institutional flows, and regulatory developments can all influence how assets and trading volumes evolve over time.

    Disclaimer:: This is only for educational purposes, as the latest data is derived from major financial research reports.

  6. How to choose medium-liquidity ETFs for investing?

    When reviewing medium-liquidity ETFs, it’s important to examine a mix of trading activity, fund scale, and benchmark alignment. Metrics such as average traded volume, consistency of participation, and assets under management help indicate how the ETF functions in the secondary market.

    Disclaimer:: This is only for educational purposes, as the latest data is derived from major financial research reports.

  7. Do medium-liquidity ETFs offer regular dividends?

    The suitability of a medium-liquidity ETF for long-term allocation depends on factors such as the underlying index, cost structure, tracking efficiency, and how liquidity behaves across market cycles. Different products can deliver different experiences, so outcomes often relate more to portfolio exposure and execution conditions than to liquidity classification alone.

    Disclaimer:: This is only for educational purposes, as the latest data is derived from major financial research reports.

  8. How to sell medium-liquidity ETFs?

    Medium-liquidity ETFs trade on stock exchanges in the same way as shares. Investors place sell orders through their brokerage platform during market hours. The execution price depends on available buyers, quoted bid levels, and the depth of orders in the market at that moment

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.