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Best Nifty 200 ETF in India

The NIFTY 200 represents a large share of India’s free-float market capitalisation and extends beyond mega caps into the mid-cap layer of the market. This combination places the index between concentrated blue-chip benchmarks and very broad market universes. Nifty 200 ETFs translate this structure into an exchange-traded format, enabling investors to follow diversified sector participation through a single instrument. This article explains how these ETFs function, where advantages may emerge, and what risks and evaluation factors shape outcomes.

List of Best Nifty 200 ETFs in India for 2026

Nifty 200 ETF Stock Screener

Nifty 200 ETF Stock Screener: Analyse & Filter Indian Stocks on Tickertape

Showing 1 - 12 of 12 results

last updated at 6:30 AM IST 
NameStocks (12)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.SBI Nifty 200 Quality 30 ETFSBIETFQLTYEquityEquity44.3744.37215.80215.80--1.021.02-5.54-5.54-3.81-3.818.728.72------0.000.00--1.111.11
2.Mirae Asset Nifty 200 Alpha 30 ETFALPHAETFEquityEquity25.6625.6624.7924.79--1.431.430.080.08-0.56-0.5615.6815.68----------1.411.41
3.ICICI Prudential Nifty 200 Quality 30 ETFQUAL30IETFEquityEquity10.7710.7720.5720.57--1.281.28-4.41-4.41-3.52-3.529.079.07----------1.021.02
4.HDFC Nifty200 Momentum 30 ETFHDFCMOMENTEquityEquity10.3210.3230.9030.90--1.751.75-0.35-0.351.341.3411.8811.88----------1.271.27
5.ADITYA BSL Nifty 200 Momentum 30 ETFMOMENTUMEquityEquity9.449.4430.9530.95--1.711.71-0.83-0.831.141.1411.5711.57----------1.231.23
6.ICICI Prudential Nifty200 Value 30 ETFVAL30IETFEquityEquity8.038.0315.9215.92--1.601.600.700.7022.7422.7436.6536.65----------1.361.36
7.Groww Nifty 200 ETFGROWWN200EquityEquity7.967.9611.2311.23--1.171.17-3.44-3.440.720.729.149.14----------1.371.37
8.ADITYA BSL Nifty 200 Quality 30 ETFNIFTYQLITYEquityEquity7.517.5120.8320.83--1.211.21-4.05-4.05-3.25-3.259.179.17----------1.051.05
9.Kotak Nifty200 Quality 30 ETFQUALITY30EquityEquity5.905.9020.0520.05--0.650.65-5.07-5.07-3.51-3.51-4.07-4.07----------1.151.15
10.Kotak Nifty 200 Momentum 30 ETFMOMENTUM30EquityEquity5.315.3130.5630.56--1.431.43-0.52-0.52-8.75-8.75-8.75-8.75----------1.391.39
11.Motilal Oswal Nifty 200 Momentum 30 ETFMOMOMENTUMEquityEquity3.393.3962.0362.03--1.661.66-0.97-0.971.421.4211.5611.56----------1.301.30
12.ICICI Prudential Nifty 200 Momentum 30 ETFMOM30IETFEquityEquity0.990.9931.1331.13--1.571.57-0.42-0.421.171.1711.4611.46----------1.311.31

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: Sub-sector: Equity | Market Cap: Sorted from Highest to Lowest

What are Nifty 200 ETFs?

Nifty 200 ETFs are exchange traded funds that track the performance of the NIFTY 200. The index combines large-cap and mid-cap companies and represents a significant portion of India’s free-float market capitalisation. Investors receive diversified exposure across sectors through a single unit traded on the exchange.

Overview of Top Nifty 200 ETFs in India

SBI Nifty 200 Quality 30 ETF

This ETF tracks the Nifty 200 Quality 30 Index and selects companies that score well on return on equity, financial leverage, and earnings stability. The rules based method highlights stronger balance sheets and allows investors to trade diversified exposure on the exchange.

Mirae Asset Nifty 200 Alpha 30 ETF

The fund follows the Nifty 200 Alpha 30 Index, which identifies stocks that historically generated excess returns compared with the broader market. Periodic rebalancing refreshes leadership as performance trends change and converts factor signals into an exchange traded product.

ICICI Prudential Nifty 200 Quality 30 ETF

This ETF replicates the Nifty 200 Quality 30 Index and builds exposure to companies that show profitability strength and balance sheet discipline. The focus on quality metrics creates targeted exposure while keeping the benefit of exchange liquidity.

Aditya Birla Sun Life Nifty 200 Momentum 30 ETF

The ETF tracks the Nifty 200 Momentum 30 Index and chooses stocks that display stronger recent price performance. Scheduled reviews replace constituents as leadership rotates and give investors systematic momentum exposure through tradable units.

Groww Nifty 200 ETF

This fund mirrors the Nifty 200 Index and covers large and mid cap companies across sectors. The ETF offers broad market participation within a single instrument, and prices move in line with changes in the underlying benchmark.

How to Invest in Nifty 200 ETFs?

Here’s how you can invest in Nifty 200 ETFs using Tickertape -

  1. Create an account on the Tickertape or log in if you already have one.
  2. Open Nifty 200 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 Nifty 200 ETF

Capital gains taxation on equity ETFs is determined by the holding duration. Short-term and long-term gains are taxed differently, as shown in the table below.

Holding Period Tax Treatment
Short-Term (< 12 months) Gains taxed at a flat rate of 20%.
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.

Advantages of Investing in Nifty 200 ETFs

Large + Mid Blend

The NIFTY 200 combines established large-cap companies with the next layer of mid-cap firms. This structure allows participation in mature businesses that often anchor stability while also capturing contribution from companies that may be expanding market share.

Wider Earnings Engine

Because the index includes 200 stocks, performance does not rely only on a handful of mega caps. When leadership broadens beyond the top tier, mid-cap constituents can materially influence index movement.

Foundation for Factor Portfolios

Several factor indices such as quality, alpha, and momentum select their candidates from the Nifty 200 universe. As a result, investors indirectly access a screened pool of relatively liquid and institutionally tracked names.

Risks of Investing in Nifty 200 ETFs

Higher Volatility from Mid Caps

Mid-sized companies typically react faster to earnings changes, funding conditions, or sentiment shifts. Their presence can increase swings compared with indices dominated purely by very large firms.

Mega-Cap Lag Phases

When the biggest banks, IT majors, or energy names drive market rallies, broader participation from smaller constituents may not keep pace. The additional breadth does not always guarantee outperformance.

Replication Challenges

Some mid-cap stocks may show lower trading depth than frontline blue chips. During periodic index reviews, adjustments in such names can affect execution efficiency.

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Factors to Consider Before Investing in Nifty 200 ETFs

Segment Balance

The balance between large and mid caps determines how the ETF behaves relative to flagship benchmarks. A higher mid-cap share can change risk, return dispersion, and recovery patterns.

Ranking Churn

Companies near the boundary between large-cap and mid-cap classifications may enter or exit more frequently. This movement can influence turnover and transaction activity inside the ETF.

Role in Diversification Structure

Market participants often use the Nifty 200 to widen exposure beyond concentrated large-cap holdings while stopping short of very broad indices like the Nifty 500.

Conclusion

Nifty 200 ETFs sit at an important junction in the market spectrum. They move beyond the dominance of the largest stocks while retaining exposure to relatively liquid and institutionally tracked companies. The balance between size segments, index churn, and sector leadership can materially influence behaviour.

Investors can review holdings, weights, factor tilts, and liquidity metrics using the Tickertape Stock Screener to understand how different Nifty 200 ETFs align with broader portfolio structures.

Frequently Asked Questions on Nifty 200 ETFs

  1. What is the Nifty 200 ETF?

    A Nifty 200 ETF is an exchange traded fund that aims to replicate the performance of the NIFTY 200. The fund holds a mix of large-cap and mid-cap companies in index-defined weights, allowing investors to access broad market participation through a single unit.

  2. What are the top Nifty 200 ETFs?

    The following are the best Nifty 200 ETFs based on 1-year returns:
    1. Groww Nifty 200 ETF
    2. Mirae Asset Nifty 200 Alpha 30 ETF
    3. ICICI Prudential Nifty 200 Momentum 30 ETF
    4. ADITYA BSL Nifty 200 Momentum 30 ETF
    Disclaimer: This Nifty 200 ETF list is for general awareness and does not constitute investment advice or a recommendation. Investors should evaluate scheme details and consult a SEBI-registered Investment Advisor before investing.

  3. What are the advantages of investing in Nifty 200 ETFs?

    These ETFs extend exposure beyond mega caps and include the next layer of market leaders. The broader basket can capture participation from more sectors while maintaining transparency through published index rules and periodic rebalancing.

  4. What are the risks of investing in Nifty 200 ETFs?

    Mid-cap inclusion can increase price swings compared with narrower large-cap benchmarks. Performance may also depend on how leadership rotates between dominant heavyweights and emerging companies within the index.

  5. Are Nifty 200 ETFs suitable for beginners in the stock market?

    Some beginners use diversified index products to observe how different parts of the market move together. However, the presence of mid-caps can introduce higher volatility than flagship large-cap indices. Disclaimer: Suitability depends on individual goals, understanding, and risk profile. This information is not a recommendation. Investors should consult a SEBI-registered professional before making decisions.