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Mid Cap ETFs in India: Price, Returns and Index Tracked (2026)

As of 2026, mid-cap ETFs in India give exchange-traded access to companies ranked 101 to 250 by full market capitalisation. The largest, Nippon India ETF Nifty Midcap 150, manages ₹3,834.14 cr, and Nifty Midcap 150 ETFs charge 0.17% to 0.32% per year. The segment spans funds on the Nifty Midcap 150, Nifty Midcap 100, Momentum 50 and BSE Midcap Select indices.

List of Best Mid Cap ETFs in India 2026

Midcap ETF Stock Screener

Midcap ETF Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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last updated at 6:30 PM IST 
NameStocks (9)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Nippon India ETF Nifty Midcap 150MID150BEESEquityEquity2,848.922,848.92233.27233.27--0.990.993.803.800.150.151.741.74------0.000.00--1.101.10
2.Motilal Oswal Nifty Midcap 100 ETFMOM100EquityEquity153.08153.0866.2166.21--0.680.683.683.680.470.471.991.99------0.000.00--1.131.13
3.ICICI Prudential BSE Sensex ETFSENSEXIETFEquityEquity74.0874.08939.50939.50--0.920.9211.7511.757.887.88-1.92-1.92------0.000.00--0.920.92
4.Edelweiss Nifty LargeMidcap 250 ETFELM250EquityEquity58.6658.6616.6716.67--0.850.856.936.932.142.14-0.30-0.30----------1.211.21
5.ICICI Prudential BSE Midcap Select ETFMIDSELIETFEquityEquity54.6454.6419.2519.25--0.730.733.833.835.085.082.122.12------0.000.00--1.171.17
6.ICICI Prudential Nifty Midcap 150 ETFMIDCAPIETFEquityEquity41.4741.4723.3723.37--0.910.913.963.960.340.341.741.74------0.000.00--1.111.11
7.DSP Nifty Midcap 150 ETFMIDCAPADDEquityEquity6.276.2722.6422.64--1.161.163.903.900.270.273.243.24----------1.981.98
8.Groww Nifty Midcap 150 ETFGROWWMC150EquityEquity5.615.61225.48225.48--1.031.034.154.15-0.19-0.190.950.95----------1.271.27
9.Motilal Oswal Nifty Midcap150 Momentum 50 ETFMOMIDMTMEquityEquity5.245.2464.0364.03--1.191.193.783.780.060.060.300.30----------1.371.37

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: Based on publicly available information | Sorted by market capitalisation from highest to lowest.

Overview of Top Midcap ETFs in India

Nippon India ETF Nifty Midcap 150

Nippon India ETF Nifty Midcap 150 is managed by Nippon India Mutual Fund and tracks the Nifty Midcap 150 Index. The index represents the 150 companies ranked 101 to 250 by full market capitalisation within the Nifty 500.

Motilal Oswal Nifty Midcap 100 ETF

Motilal Oswal Nifty Midcap 100 ETF is managed by Motilal Oswal Mutual Fund and tracks the Nifty Midcap 100 Index, which comprises 100 tradable midcap stocks listed on the NSE. The index is rebalanced semi-annually.

ICICI Prudential BSE Midcap Select ETF

ICICI Prudential BSE Midcap Select ETF is managed by ICICI Prudential Mutual Fund and tracks the BSE Midcap Select Index. The index measures the performance of the 30 largest and most liquid companies within the BSE MidCap.

ICICI Prudential Nifty Midcap 150 ETF

ICICI Prudential Nifty Midcap 150 ETF is managed by ICICI Prudential Mutual Fund and tracks the Nifty Midcap 150 Index. Its portfolio follows the index’s 150 constituents and their free-float market capitalisation weights.

DSP Nifty Midcap 150 ETF

DSP Nifty Midcap 150 ETF is managed by DSP Mutual Fund and also tracks the Nifty Midcap 150 Index. It is one of several ETFs on the same index, alongside the Nippon India, ICICI Prudential, Groww and Mirae Asset Nifty Midcap 150 ETFs.

What are Midcap ETFs?

Midcap ETFs are investment funds that follow the performance of mid-sized companies, usually ranked between 101st and 250th in market size. These ETFs invest in a range of stocks from mid-cap indices like the Nifty Midcap 150 in India. This gives investors broad exposure to mid cap stocks through a single unit traded on the exchange. Midcap ETFs are easy to trade, offer good diversification, and have lower costs than actively managed funds.

Indices Tracked by Mid Cap ETFs in India

Each mid cap ETF follows one index. A Nifty midcap ETF tracks a Nifty midcap index, and a BSE midcap ETF tracks a BSE index. The indices differ in the number of stocks they hold and in how those stocks are selected.

IndexNumber of stocksHow stocks are selectedNifty Midcap 150150Companies ranked 101 to 250 by full market capitalisation within the Nifty 500Nifty Midcap 100100Tradable midcap stocks listed on the NSE, weighted by free-float market capitalisationNifty Midcap150 Momentum 5050Top 50 companies within the Nifty Midcap 150 by Normalised Momentum Score, based on 6-month and 12-month price returns adjusted for volatilityBSE Midcap Select30The 30 largest and most liquid companies within the BSE MidCap

A Nifty midcap ETF list therefore includes funds on the Nifty Midcap 150, Nifty Midcap 100 and Nifty Midcap150 Momentum 50 indices. As of 30th October 2026, financial services had the largest sector weight in the Nifty Midcap 150 at 26.07%, followed by healthcare at 11.88% and capital goods at 10.41%.



Mid Cap ETF vs Mid Cap Index Fund

A mid cap ETF and a mid cap index fund can track the same index. They differ in how units are bought, sold and priced.

BasisMid cap ETFMid cap index fundWhere units are bought and soldOn the stock exchange, through a brokerDirectly from the fund house or through a mutual fund platformPriceMarket price, which changes during trading hoursNAV, declared once at the end of each business dayDemat accountRequiredNot required

How to Invest in Mid Cap ETFs?

Here's how you can invest in Mid Cap ETFs using Tickertape -

  1. Create an account on the Tickertape or log in if you already have one.
  2. Open Tickertape Stock Screener
  3. Filter Mid Cap ETFs screener based on various parameters such as market cap, close price, past returns and more. 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.

You can also stay updated on alerts and announcements for your favourite stocks with Tickertape Alerts. 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!

Advantages of Investing in Mid Cap ETFs in India

Higher Growth Potential

Midcap companies usually have more growth potential than large-cap companies. Many are at an earlier stage of expansion, so their revenue and earnings may grow faster over long periods, although their share prices also tend to swing more widely.

Diversification Across Sectors

Midcap ETFs give exposure to a variety of sectors. As of 30th October 2026, the largest sector weights in the Nifty Midcap 150 were financial services, healthcare and capital goods. This helps reduce the risk of investing in just one industry. By tracking indices like the Nifty Midcap 150, these ETFs spread the risk across different market sectors.

Cost Efficiency

Midcap ETFs typically have lower expense ratios than actively managed funds. As of 4th November 2026, Nifty Midcap 150 ETFs had expense ratios ranging from 0.17% to 0.32%.

Transparency and Simplicity

Midcap ETFs usually track well-known indices, like the Nifty Midcap 150 Index, making it easier for investors to understand the stocks included and track their performance. This transparency simplifies the investment process.

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Risks of Investing in Mid Cap ETFs in India

Market Risk

Midcap ETFs are still subject to overall market risks, such as economic downturns, changes in government policies, or global market events. The performance of the ETF can be impacted by factors that affect the entire market, not just the midcap segment.

Sector-Specific Risks

While midcap ETFs offer diversification, they can still be exposed to specific risks in the sectors they cover. For example, if a midcap ETF has significant exposure to a particular industry, downturns in that sector can disproportionately impact the ETF’s performance.

Economic Sensitivity

Midcap companies are often more sensitive to economic cycles compared to large-cap companies. In times of economic uncertainty, they may face greater challenges in terms of revenue and profitability, which can negatively impact the ETF’s performance.

Tracking Error

A midcap ETF’s return can differ from the return of its index because of fund expenses, cash holdings and the timing of portfolio changes. This gap is measured as tracking error, and it varies across ETFs that follow the same index.

Liquidity Risk

Some midcap ETFs have low trading volumes on the exchange. Thin trading can widen the gap between buying and selling prices, and between the ETF’s market price and its NAV.

Factors to Consider Before Investing in Mid Cap ETFs

Risk Tolerance

Midcap ETFs are more volatile than large-cap ETFs because midcap stocks react strongly to market changes and economic shifts. This volatility increases during both market upswings and downturns.

Underlying Index

Each midcap ETF tracks one index, such as the Nifty Midcap 150, Nifty Midcap 100 or BSE Midcap Select. These indices differ in the number of stocks, the selection method and the weight given to each company.

Diversification

Midcap ETFs track indices like the Nifty Midcap 150, which includes 150 stocks from different sectors. This gives investors diversification within the midcap space. A portfolio held only in midcap ETFs, however, remains concentrated in one market-cap segment and one asset class.

Market Conditions

Midcap stocks are sensitive to economic cycles. They tend to perform well during strong economic periods due to their growth potential. However, in recessions or market downturns, midcap companies may struggle more than large-cap companies.

Expense Ratio

Midcap ETFs generally have lower expense ratios compared to actively managed funds. Higher expense ratios can reduce returns, and fees can differ even among ETFs that track the same index.

Sector Exposure

Midcap ETFs follow the sector mix of their index. In the Nifty Midcap 150, financial services, healthcare and capital goods had the largest weights as of 30th October 2026. While this can lead to higher returns, it also increases risk if a specific sector faces a downturn.

Taxation on Mid Cap ETFs

The tax structure for Mid Cap ETFs depends on how long the units are held. Short-term and long-term gains are taxed under different rules.

Holding PeriodTax TreatmentShort-Term (held for 12 months or less)Gains taxed at a flat rate of 20% (increased from the previous 15%).Long-Term (held for more than 12 months)Gains taxed at 12.5%. Exemption applies to the first ₹1.25 Lakh of long-term gains across all equity assets in a financial year.

Taxation on Mid Cap ETFs

The tax structure for Mid Cap ETFs depends on how long the units are held. Short-term and long-term gains are taxed under different rules.

Holding Period Tax Treatment
Short-Term (< 12 months ) Gains taxed at a flat rate of 20% (increased from the previous 15%).
Long-Term (> 12 months) Gains taxed at 12.5%. Exemption applies to the first ₹1.25 Lakh of long-term gains across all equity assets in a financial year.

Conclusion

Midcap ETFs offer high growth potential and diversification within mid-sized companies, often with lower expense ratios than actively managed funds. However, midcap ETFs also come with risks such as higher volatility, sensitivity to economic changes, and sector concentration, which can increase the impact of downturns. The index tracked, expense ratio, tracking error and trading liquidity also vary from one ETF to another. The Tickertape Stock Screener allows investors to compare ETFs by market cap, price, returns and volatility, and to assess them against their investment thesis and risk tolerance.

Frequently Asked Questions on Mid Cap ETFs

  1. What are midcap ETFs?

    Midcap ETFs are exchange-traded funds that track mid-sized companies, typically ranked 101st to 250th by market capitalization. These ETFs offer investors exposure to a diverse range of midcap stocks across different sectors.

  2. What are the top midcap ETFs in India?

    The top midcap ETFs in India as per their market cap, as of 4th November 2026, are:

    1. Nippon India ETF Nifty Midcap 150
    2. Motilal Oswal Nifty Midcap 100 ETF
    3. ICICI Prudential BSE Midcap Select ETF
    4. ICICI Prudential Nifty Midcap 150 ETF
    5. DSP Nifty Midcap 150 ETF

    Disclaimer: The list is for educational purposes only and not a recommendation. Please do your own research or consult your financial advisor before investing.

  3. Is there an ETF for mid cap stocks?

    Yes. A mid-cap ETF holds the stocks in a mid-cap index, such as the Nifty Midcap 150 or the Nifty Midcap 100, in the same proportion as the index. One unit of the ETF gives exposure to every stock in that index.

  4. How many stocks does a mid cap ETF hold?

    The number depends on the index the ETF tracks. A Nifty Midcap 150 ETF holds 150 stocks, a Nifty Midcap 100 ETF holds 100, a Nifty Midcap150 Momentum 50 ETF holds 50, and a BSE Midcap Select ETF holds 30.

  5. How do midcap ETFs work?

    Midcap ETFs track indices such as the Nifty Midcap 150, which comprises 150 mid-sized companies across various sectors. The ETF aims to match the index's performance, giving investors broad exposure to the midcap segment of the market.

  6. What are the advantages of investing in midcap ETFs?

    Midcap ETFs provide the potential for higher growth than large-cap stocks, as midcap companies are in the growth phase. They offer sector diversification, exposure to high-growth industries, and lower costs than actively managed funds. They are also easier to invest in than individual midcap stocks, giving investors a simple way to access this market segment.

    Disclaimer: This information is for educational purposes only and should not be considered investment advice.

  7. What are the risks of investing in midcap ETFs?

    Midcap ETFs tend to be more volatile than large-cap ETFs because midcap stocks react more strongly to market changes. Economic downturns or sector-specific issues can impact midcap companies more than larger companies. Additionally, midcap stocks may have fewer financial resources, making them more vulnerable in tough market conditions.

  8. What are the costs associated with midcap ETFs?

    Midcap ETFs generally have lower expense ratios than actively managed funds. As of 4th November 2026, Nifty Midcap 150 ETFs had expense ratios ranging from 0.17% to 0.32%. Brokerage, exchange charges and the bid-ask spread also apply when units are bought or sold on the exchange.

  9. Are midcap ETFs suitable for beginners in the stock market?

    It depends on factors like the investor's risk tolerance, investment horizon, and comfort with market volatility. Midcap stocks can be more volatile than large-cap stocks, and their prices can swing more widely. These risks are relevant to any investor who is new to the stock market.

    Disclaimer: This information is for educational purposes only and should not be considered investment advice.

  10. What is the Nifty Midcap 150 ETF?

    The Nifty Midcap 150 ETF tracks the Nifty Midcap 150 Index, which represents 150 mid-sized companies across various sectors. The index covers companies ranked 101 to 250 by full market capitalisation within the Nifty 500. ETFs on this index include Nippon India ETF Nifty Midcap 150, ICICI Prudential Nifty Midcap 150 ETF, Mirae Asset Nifty Midcap 150 ETF, DSP Nifty Midcap 150 ETF and Groww Nifty Midcap 150 ETF.

  11. How to sell mid cap ETFs?

    Mid Cap ETFs can be sold on the stock exchange through your demat account. Place a sell order during market hours; the proceeds are credited after settlement.