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List of Best Mid Cap ETFs in India 2026

As of April 2025, ETFs in India saw a record monthly inflow of ₹19,056 cr., showcasing a rising interest in passive and indexed investing, including midcap ETFs. These midcap ETFs track indices like the Nifty Midcap 150 and have become an important part of the investment strategy. The surge in inflows highlights the growing trust in passive investment strategies, which offer a cost-effective way to diversify and tap into the potential of India’s mid-sized companies

Top Mid Cap ETFs in 2026

Midcap ETF Stock Screener

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

Showing 1 - 9 of 9 results

last updated at 6:30 AM IST 
NameStocks (9)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1D Return1D Return1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCEDividend YieldDiv YieldDebt to EquityDebt to EquityVolatility vs NiftyVolatility vs Nifty
1.Nippon India ETF Nifty Midcap 150MID150BEESEquityEquity2,732.372,732.37221.54221.54---0.13-0.13-2.54-2.54-0.01-0.0110.4110.41------0.000.00--1.301.30
2.Motilal Oswal Nifty Midcap 100 ETFMOM100EquityEquity146.26146.2662.8362.83---0.32-0.32-2.59-2.590.830.8311.2211.22------0.000.00--1.441.44
3.ICICI Prudential BSE Sensex ETFSENSEXIETFEquityEquity74.8174.81940.18940.18---0.30-0.30-2.74-2.741.231.238.558.55------0.000.00--0.960.96
4.Edelweiss Nifty LargeMidcap 250 ETFELM250EquityEquity57.4557.4516.1916.19---0.80-0.80-3.11-3.11-0.06-0.06-0.06-0.06----------0.990.99
5.ICICI Prudential BSE Midcap Select ETFMIDSELIETFEquityEquity50.5650.5617.6817.68---0.11-0.11-3.86-3.861.031.037.877.87------0.000.00--1.451.45
6.ICICI Prudential Nifty Midcap 150 ETFMIDCAPIETFEquityEquity39.8839.8822.2722.27--0.360.36-2.45-2.450.230.2311.0211.02------0.000.00--1.271.27
7.DSP Nifty Midcap 150 ETFMIDCAPADDEquityEquity6.036.0321.5221.52--0.090.09-2.45-2.45-1.87-1.87-1.87-1.87----------2.342.34
8.Groww Nifty Midcap 150 ETFGROWWMC150EquityEquity5.395.39214.12214.12--0.030.03-3.22-3.22-4.13-4.13-4.13-4.13----------1.051.05
9.Motilal Oswal Nifty Midcap150 Momentum 50 ETFMOMIDMTMEquityEquity5.085.0861.4061.40---0.42-0.42-2.60-2.60-1.71-1.71-4.88-4.88----------1.101.10

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

Mirae Asset Nifty Midcap 150 ETF

The Mirae Asset Nifty Midcap 150 ETF tracks the Nifty Midcap 150 Index, which includes 150 mid-sized companies across different sectors. This ETF is known for its low expense ratio and strong past performance. It’s a good option for investors looking for a cost-effective way to invest in midcap stocks with growth potential.

Motilal Oswal Midcap 100 ETF

The Motilal Oswal Midcap 100 ETF follows the Nifty Midcap 100 Index, which includes the top 100 mid-sized companies in India. This ETF targets high-growth companies and is a popular choice for investors looking to invest in India’s growing midcap segment. It has a strong track record and offers a competitive expense ratio.

LIC Nifty Midcap 100 ETF

The LIC Nifty Midcap 100 ETF tracks the Nifty Midcap 100 Index, giving exposure to 100 of the most prominent midcap companies in India. Backed by LIC, one of India’s most trusted financial institutions, this ETF provides reliable exposure to midcap stocks, making it a safe choice for conservative investors.

ICICI Pru Nifty Midcap 150 ETF

The ICICI Prudential Nifty Midcap 150 ETF tracks the Nifty Midcap 150 Index, offering exposure to a wide range of 150 midcap companies. Managed by ICICI Prudential, one of India’s leading asset managers, this ETF is a good option for those looking for low-cost exposure to the midcap sector with reliable performance.

Zerodha Nifty Midcap 150 ETF

The Zerodha Nifty Midcap 150 ETF tracks the Nifty Midcap 150 Index, giving investors a low-cost way to invest in mid-sized companies. Known for its low brokerage fees, this ETF is a flexible and affordable option for investors looking to invest in the midcap space for the long term.

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 companies. Midcap ETFs are easy to trade, offer good diversification, and come with lower costs compared to actively managed funds.

How to Invest in Midcap ETFs?

Investing in midcap ETFs in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in midcap ETFs:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for midcap ETFs: Go to Tickertape Stock Screener and search for ‘midcap ETFs’.
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, and more.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in-depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements 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. In the past, midcap stocks have outperformed large-cap stocks, especially during bull markets. As of 8th January 2026, the Nifty Midcap 150 Index has delivered a 173.55% return over the last 5 years, compared to 84.91% from the Nifty 50 Index in the same period.

Diversification Across Sectors

Midcap ETFs give exposure to a variety of sectors like technology, healthcare, and consumer 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. The expense ratio for a midcap ETF usually ranges from 0.05% to 0.8%, which is lower than the 1% to 2% charged by actively managed funds.

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.

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.

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. However, it’s important for investors to diversify their overall portfolio across other asset classes to avoid overexposure to midcap stocks.

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. A higher expense ratio can reduce the returns on investment, so it's important to compare fees across different ETFs.

Sector Exposure

Midcap ETFs often focus on sectors like technology, pharmaceuticals, or consumer goods, where midcap companies show rapid growth. While this can lead to higher returns, it also increases risk if a specific sector faces a downturn.

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. That’s why, before investing, it's important to weigh these benefits against the risks. The Tickertape Stock Screener, with over 200 filters, helps investors analyse ETFs by factors like expense ratios, sector exposure, liquidity, and more. This tool makes it easier for investors to assess midcap ETFs and align them with 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. 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 performance of this index, giving investors broad exposure to the midcap segment of the market.

  3. 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 diversification across sectors, exposure to high-growth industries, and lower costs compared to 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.

  4. 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, which can make them more vulnerable in tough market conditions.

  5. What are the costs associated with midcap ETFs?

    Midcap ETFs generally have lower expense ratios than actively managed funds. The expense ratio for a Nifty Midcap 150 ETF usually ranges from 0.2% to 0.5%, making them a cost-effective way to invest in midcap stocks.

  6. 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. Beginners should understand these risks before investing.

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

  7. 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. This ETF provides exposure to the midcap segment of the Indian stock market, which has historically delivered strong returns during periods of market growth.