Mid-cap ETFs

Participate in the growth potential of India's emerging mid-sized companies through a single, exchange-traded unit.
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What are Mid-cap ETFs?

Mid-cap ETFs is an exchange-traded fund that invest in a basket of mid-sized companies ranked between 101st and 250th by market capitalization.

These companies have crossed their early growth stage but they are smaller than large cap companies. Some may have the potential to grow over the long-term and move into the large cap category.

Like other ETFs, mid-cap ETFs are passively managed and hold the same constituents as the underlying index they track. This gives investors a low-cost, transparent and diversified way to participate in India’s mid-cap segment without having to research and select individual mid-cap stocks.

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Benefits of investing in ETFs

Easy Portfolio Diversification

Get exposure to a wide range of stocks, bonds, or commodities with a single investment.

Low-Cost Investment

ETFs often cost less than traditional mutual funds due to lower expense ratios.

Flexibility & Variety

Choose from equity, debt, or gold to match your investment goals and risk profile.

Trade Anytime Like Stocks

Easily trade in ETFs during market hours at real-time prices as they are traded on stock exchanges.

Transparent Investing

Most ETFs disclose their holdings daily, so you have a clear picture about your investments.

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Cost & Tax Implication

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Cost / feature
Details
Demat account
Required
Buy / sell mode
Real-time, on the stock exchange
Brokerage & statutory charges
Applicable
Exit load
As applicable to the individual ETF

*Expense ratios vary across Banking ETFs and may change from time to time. Please check the individual ETF's details before investing.

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Taxation

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Tax implication
Details
Short-term capital gains (STCG)
20% on gains when units are held for 12 months or less
Long-term capital gains (LTCG)
12.5% on gains exceeding ₹1.25 lakh in a financial year when units are held for more than 12 months
Securities Transaction Tax (STT)
Applicable on the sale of equity-oriented ETF units on a recognised stock exchange
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Frequently Asked Questions
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How are companies selected for the Nifty Midcap 150 Index?
The Nifty Midcap 150 Index includes companies ranked 101 to 250 by full market capitalisation within the Nifty 500 universe, subject to minimum listing history, trading frequency and liquidity criteria set by NSE Indices.
What is the ideal investment horizon for a Mid-cap ETF?
Given the relatively higher volatility associated with mid-cap stocks, a Mid-cap ETF is generally more suitable for investors with medium to long-term investment horizon who can withstand short-term price fluctuations in pursuit of long-term growth.
Can I do a SIP in a Mid-cap ETF?
Yes, many brokers, including ICICI Direct, allow investors to set up a Systemic Investment Plan (SIP) in ETF units, enabling disciplined, periodic investment in the Mid-cap ETF over time.
How often is the Nifty Midcap 150 Index rebalanced?
The Nifty Midcap 150 Index is rebalanced on a semi-annual basis by NSE Indices to ensure it continues to represent the current mid-cap segment of the Indian equity market.
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