Nippon India Nifty Midcap 150 Index Fund

Q: What are the returns of this mutual fund scheme?

The Nippon India Nifty Midcap 150 Index Fund is a 4 yrs 11 m old fund and has delivered average annual returns of 19.21% since inception. Nippon India Nifty Midcap 150 Index Fund Returns 1-Year 3-Year Since Inception 8.21% 22.27% 19.21%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹23.9048-1.12% 1 day change	19.21% p.a.	App exclusive #NA View Ranked Funds	₹2,153 Cr

Historical NAV & returns

NAV: ₹23.9048 as on Feb 02, 2026

This fund Category average

Nippon India Nifty Midcap 150 Index Fund overview

AUM (Fund size)	₹2,153 Cr
Exit load	0%
Lock-in Period	Nil
Age	4 yrs 11 m since Feb 04, 2021
Benchmark	NIFTY Midcap 150 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.8% as on Feb 02, 2026
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Nippon India Nifty Midcap 150 Index Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-5.8%	-7.77%
3 Months	-4.42%	-7.15%
6 Months	-0.52%	-3.44%
1 Year	8.21%	5.14%
2 Years	8.65%	7.46%
3 Years	22.27%	21.05%
4 Years	16.13%	15.3%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 7.82%

Mid Cap 85.92%

Small Cap 6.27%

Other Cap 0%

Top holdings

BSE Ltd.2.8%

Hero Motocorp Ltd.1.95%

Persistent Systems Ltd.1.78%

The Federal Bank Ltd.1.71%

Top sectors

Financial 19.560000000000002%

Services 11.700000000000001%

Capital Goods 10.930000000000001%

Automobile 8.48%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 0.34%

Margin Money 0.00205303%

Other Holdings

Others 0.34%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Nifty Midcap 150 Index Fund	-5.8%	-0.52%	8.21%	22.27%	N.A.	N.A.
Motilal Oswal Nifty Midcap 150 Index Fund	-5.82%	-0.62%	8.17%	22.26%	19.96%	13.69%
HDFC NIFTY Midcap 150 Index Fund	-5.82%	-0.6%	8.18%	21.32%	12.3%	5.97%
SBI Nifty Midcap 150 Index Fund	-5.82%	-0.55%	8.26%	22.21%	12.53%	6.08%
Axis Nifty Midcap 50 Index Fund	-5.38%	1.93%	11.06%	23.52%	14.31%	6.92%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Nifty Midcap 150 Index Fund	15.77	0.99	0.98	1.36
Motilal Oswal Nifty Midcap 150 Index Fund	15.79	0.99	0.98	1.36
HDFC NIFTY Midcap 150 Index Fund	N.A.	N.A.	N.A.	N.A.
SBI Nifty Midcap 150 Index Fund	15.77	0.99	0.98	1.35
Axis Nifty Midcap 50 Index Fund	16.63	1.02	1.0	1.41

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Nippon India Nifty Midcap 150 Index Fund	N.A.	2,153 Cr	4 yrs 11 m	0.8%
Motilal Oswal Nifty Midcap 150 Index Fund	N.A.	3,023 Cr	6 yrs 5 m	1.01%
HDFC NIFTY Midcap 150 Index Fund	N.A.	490 Cr	2 yrs 9 m	0.77%
SBI Nifty Midcap 150 Index Fund	N.A.	974 Cr	3 yrs 4 m	0.81%
Axis Nifty Midcap 50 Index Fund	N.A.	584 Cr	3 yrs 10 m	1.02%

View all Mid Cap Index funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.09 vs. 3.26 Underperformed at beating benchmark
Sharpe	0.98 vs. 3.57 Poor risk-adjusted returns
Beta	0.99 vs. 0.5 More sensitive to market's ups & downs
Standard deviation	15.77 vs. 7.39 More volatile performance

Compare Nippon India Nifty Midcap 150 Index Fund in detail with

About this fund

About Nippon India Nifty Midcap 150 Index Fund

Nippon India Nifty Midcap 150 Index Fund is a Mid Cap Index mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 4 yrs 11 m, having been launched on 04/02/2021. Nippon India Nifty Midcap 150 Index Fund has ₹2,153 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Nippon India Nifty Midcap 150 Index Fund as of 02/02/2026 is ₹23.90. The fund has an expense ratio of 0.8%, which is higher than what most other Mid Cap Index funds charge.

Nippon India Nifty Midcap 150 Index Fund returns of last 1-year are 6.69%. Since launch, it has delivered 19.22% average annual returns. The fund has doubled the money invested in it every 4 yrs.
Nippon India Nifty Midcap 150 Index Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Financial, Services, Capital Goods, Automobile, Healthcare sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
The fund's top 5 holdings are in BSE Ltd., Hero Motocorp Ltd., Persistent Systems Ltd., The Federal Bank Ltd., Suzlon Energy Ltd..

...

Fund AUM	2,153 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Himanshu Mange

Mr. Mange has done B.Com and CA Prior to joining Nippon India MF, he has worked with Tata AIA Life Insurance, Pipalia Singhal & Associates, Felix Solutions, Lodha Group and N.B.Gandhi & Co.

Investment objective

The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking errors.

Nippon India Mutual Fund details

No. of schemes	71 view all schemes
Total AUM	7,11,598 Cr as on Dec 31, 2025
Address	30th Floor, One Lodha Place Senapati Bapat Marg, Lower Parel Mumbai Mumbai, 400013
Phone	+91 022 6808 7000

More funds from Nippon India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Nippon India Small Cap Fund	N.A.	68,287 Cr	0.64%	24.49%
Nippon India Power & Infra Fund	N.A.	7,117 Cr	6.62%	23.57%
Nippon India Growth Mid Cap Fund	N.A.	42,124 Cr	10.07%	22.32%
Nippon India Multi Cap Fund	N.A.	50,352 Cr	6.26%	22.19%
Nippon India Value Fund	N.A.	9,153 Cr	7.37%	19.01%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Nifty Midcap 150 Index Fund?

The current Net Asset Value (NAV) of the Nippon India Nifty Midcap 150 Index Fund plan is approximately ₹23.9048 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Nippon India Nifty Midcap 150 Index Fund is a 4 yrs 11 m old fund and has delivered average annual returns of 19.21% since inception.

Nippon India Nifty Midcap 150 Index Fund Returns

1-Year	3-Year	Since Inception
8.21%	22.27%	19.21%

How much does this mutual fund charge as expense ratio?

The Nippon India Nifty Midcap 150 Index Fund has an expense ratio of 0.8%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Nippon India Nifty Midcap 150 Index Fund currently has assets under management (AUM) or fund size valued at approximately 2,153 Cr as on Dec 31, 2025.

What are the top stock holdings of Nippon India Nifty Midcap 150 Index Fund?

The Nippon India Nifty Midcap 150 Index Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
BSE Ltd.	2.8%
Hero Motocorp Ltd.	1.95%
Persistent Systems Ltd.	1.78%
The Federal Bank Ltd.	1.71%
Suzlon Energy Ltd.	1.67%
PB Fintech Ltd.	1.62%
Cummins India Ltd.	1.56%
Indusind Bank Ltd.	1.48%
IDFC First Bank Ltd.	1.48%
AU Small Finance Bank Ltd.	1.46%

What are the top sectors Nippon India Nifty Midcap 150 Index Fund has invested in?

The Nippon India Nifty Midcap 150 Index Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	19.560000000000002%
Services	11.700000000000001%
Capital Goods	10.930000000000001%
Automobile	8.48%
Healthcare	8.360000000000001%
Energy	6.239999999999999%
Technology	6.13%
Consumer Staples	4.9399999999999995%
Chemicals	4.890000000000001%
Construction	4.609999999999999%

What is risk level of Nippon India Nifty Midcap 150 Index Fund?

This is a Mid Cap Index fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in Nippon India Nifty Midcap 150 Index Fund?

Redeeming your investments in the Nippon India Nifty Midcap 150 Index Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.