Primarily market-linked growth exposure
The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by NIFTY MIDCAP 100 INDEX, subject to tracking errors. There is no assurance that the objective of the scheme will be achieved.
Investors with a long horizon who can tolerate meaningful falls in value.
Share-price volatility, valuation risk, concentration and tracking risk where applicable.
How the money may be invested
Under normal circumstances, the asset allocation pattern will be as follows: Securities covered by the NIFTY Midcap 100 Index: 95%-100% of total assets, Money Market and other liquid instruments, Mutual Fund units: 0%-5% of total assets. Please refer the Scheme Information Document for complete details.
- SEBI category
- Other Schemes - ETFs
- Fund type
- An open ended scheme replicating/tracking Nifty Midcap 100 Total Return Index
- Primary benchmark
- Nifty Midcap 100 TRI Benchmark Disclaimer: The “Product” offered by “the issuer” is not sponsored, endorsed, sold or promoted by NSE Indices Limited (Formerly Indian Index Services & Products Limited) (IISL). NSE Indices Limited does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of “the Product” or any member of the public regarding the advisability of investing in securities generally or in the “the Product” linked to Nifty Midcap 100 Index or particularly in the ability of the Nifty Midcap 100 Index, to track general stock market performance in India. Please read the full Disclaimer in relation to the Nifty Midcap 100 Index in the Scheme Information Document.
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- Mr. Nikhil Kapoor · Mr. Sasikant Aravamuthan
- Manager tenure on this scheme
- Mr. Nikhil Kapoor — since Managing since7th April 2026 · Mr. Sasikant Aravamuthan — since 1st July 2026
- Role / co-management
- Mr. Nikhil Kapoor — Fund Manager · Mr. Sasikant Aravamuthan — Fund Manager
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| LIC MF Nifty Midcap 100 ETF | ₹63.5274 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Regular 0.15%, Direct 0.00%
- Exit load
- Nil
- Minimum application
- For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any order placed for redemption or subscription directly with the AMC must be of greater than INR 25 Cr. The aforesaid threshold shall not be applicable for APs/MMs and shall be periodically reviewed. Each creation unit consists of 2,00,000 units of LIC MF Nifty Midcap 100 ETF. The Fund may from time to time change the size of the Creation Unit in order to equate it with marketable lots of the underlying instruments. For Purchase of units through Stock Exchange: As the Units of the Schemes are listed on NSE & BSE, an Investor can buy Units on continuous basis on the capital market segment of NSE during trading hours like any other publicly traded stock at prices which may be close to the actual NAV of the Scheme. There is no minimum investment, although Units are Purchased in round lots of 1 (one) Unit. · multiples of Not Applicable
- SIP frequency
- Not Applicable
- Minimum SIP amount
- Not Applicable
- Minimum instalments
- Not Applicable
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.