Zerodha Nifty Midcap 150 ETF
A simple ETF to take midcap 150 exposure in your portfolio
Returns
7.14%AUM
₹137.33Cr
Risk
Very High
iNAV
₹10.9928
Ideal for
About the fund
The Zerodha Nifty Midcap 150 ETF is an exchange traded fund (ETF) that gives you access to invest in India’s 150 mid-market capitalization companies (also known as mid-caps), while diversifying across major sectors of the economy.
The Zerodha Nifty Midcap 150 ETF is an exchange traded fund (ETF) that gives you access to invest in India's 150 mid-market capitalization companies (also known as mid-caps), while diversifying across major sectors of the economy.
Mid-cap companies often have potential to grow faster due to their relatively smaller size and thus have scope to become future industry leaders. Historical data indicates that the Nifty Midcap 150 index may offer better return potential compared to large-caps, but may also be more volatile compared to them at times.
This ETF may be suitable for someone who has a long term investment horizon in mind and at the same time willing to embrace a high level of risk in their portfolio. You can start investing in the Zerodha Nifty Midcap 150 ETF with as low as Rs.10/- once listed using your preferred stock brokers.
*Mid-cap companies can be defined as the 150 mid-market capitalization companies based on full market capitalization that are part of the Nifty 500 universe
Past Performance
Tax Implication
Investment period <= 1 year
Gains/profits are treated as short-term capital gains & taxed at 20% (plus 4% cess and surcharge, if any).
Investment period > 1 year
Gains/profits are treated as long-term capital gains and are tax-free upto ₹1.25 lakhs in a financial year. Gains above ₹1.25 Lakhs in a financial year are taxed at 12.5% (plus 4% cess and surcharge, if any).
| Top 7 Equity Holdings | Weightage (%) |
|---|---|
| Bse Limited | 2.71 % |
| Hero Motocorp Ltd | 1.94 % |
| Suzlon Energy Ltd | 1.72 % |
| Dixon Technologies India Ltd | 1.68 % |
| Persistent Systems Ltd | 1.67 % |
| Coforge Limited | 1.62 % |
| Pb Fintech Ltd | 1.56 % |
Fund Manager
Kedar has an experience of 19 years in financial markets, across multiple roles at Aditya Birla Sunlife AMC Ltd (ABSLAMC), including fund management for passive products, where he managed 13 ETFs and Index Funds in equity & commodity. Kedar's belief in his own words is - "Passive investing uses the collective intelligence of the market instead of manually picking stocks and works for most investors."
Downloads
Riskometer
Riskometer of the scheme
Riskometer of the scheme
Riskometer of the benchmark - Nifty Midcap 150 Index TRI
This product is suitable for investors who are seeking*:
- Long term capital growth
- Investment in equity and equity related securities covered by Nifty Midcap 150 Index
Investors should understand that their principal will be at Very High Risk
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Included In
Frequently Asked Questions
Fund Overview
MID150CASE is the NSE/BSE symbol for the Zerodha Nifty Midcap 150 ETF. It is an exchange-traded fund that aims to mirror the performance of the Nifty Midcap 150 Index TRI. It accomplishes this by investing in the 150 mid-sized companies that make up the index, offering investors a diversified exposure to the mid-cap segment of the Indian stock market.
The Nifty Midcap 150 Index represents the next 150 companies (ranked 101-250) after the top 100 large-cap companies in the Nifty 500 universe, based on full market capitalization. This index reflects the performance of mid-sized companies in India.
Since the Zerodha Nifty Midcap 150 ETF (NSE/BSE Symbol: MID150CASE) is traded on the stock exchange, the minimum investment is the price of one unit. The price of a unit changes throughout the trading day based on market activity. You can begin investing by purchasing at least one unit through your stockbroker.
Investment Philosophy
Investing in a mid-cap equity ETF like MID150CASE may be suitable for investors with a long-term investment horizon. A longer timeframe can help absorb short-term market fluctuations and may allow investors to fully capture the growth potential of mid-cap companies. Your personal financial goals and risk tolerance should ultimately guide your investment duration.
The Zerodha Nifty Midcap 150 ETF is classified as a Very High risk product on the risk-o-meter. Mid-cap stocks may offer higher growth potential than large-caps but also come with higher volatility and risk. It is advisable for investors to consult a financial advisor to determine if this ETF is a suitable addition to their portfolio.
Modes of Investing
The Zerodha Nifty Midcap 150 ETF (NSE/BSE Symbol: MID150CASE) is available for trading on all major stockbroking platforms. You can invest by searching for the ticker symbol "MID150CASE" on your platform and buying or selling units just like you would with any other stock during market hours.
Cost and Tax Implications
The Zerodha Nifty Midcap 150 ETF (NSE/BSE Symbol: MID150CASE) has an expense ratio of 0.21% as of Oct 27, 2025.
There is no exit load applicable when you sell your units of the Zerodha Nifty Midcap 150 ETF (NSE/BSE Symbol: MID150CASE) on the exchange.
The taxation for this ETF is the same as for equity shares:
- Short-Term Capital Gains (STCG): If units are sold within one year of purchase, the profits are taxed at a flat rate of 20% (plus applicable cess and surcharge).
- Long-Term Capital Gains (LTCG): If units are sold after holding them for more than one year, gains of up to ₹1.25 lakh in a financial year are tax-free. Any gains above this amount are taxed at 12.5% (plus applicable cess and surcharge) without the benefit of indexation.
Fund Details
The NAV of the Zerodha Nifty Midcap 150 ETF (NSE/BSE Symbol: MID150CASE) is ₹10.9948 as of Oct 27, 2025
The Tracking Error of the Zerodha Nifty Midcap 150 ETF (NSE/BSE Symbol: MID150CASE) is 0.04% as of Oct 27, 2025
The AUM of the Zerodha Nifty Midcap 150 ETF (NSE/BSE Symbol: MID150CASE) is ₹137.33Cr as of Oct 27, 2025
There is no lock-in period for the Zerodha Nifty Midcap 150 ETF. You are free to buy or sell your units on the stock exchange at any time during trading hours.