HDFC Nifty Midcap 150 ETF

About HDFC NIFTY Midcap 150 ETF

• The HDFCMID150, or HDFC Nifty Midcap 150 ETF, is an exchange-traded fund (ETF) offered by the HDFC Mutual Fund House.
• The ETF includes stocks from various sectors such as technology, pharmaceuticals, financial services and consumer goods.
• HDFC Nifty Midcap 150 ETF was launched on February 15, 2023.
• Assets under management of the ETF stood at ₹41.94 crore as of June 30.
• Abhishek Mor, Nirman Morakhia and Arun Agarwal are the fund managers.
• The fund is traded on both stock exchanges, which enables investors to trade at market price during each session.
• The ETF units can be bought directly through a demat account with a registered broker or financial institution.

Investment Objective & Benchmark

• The fund's objective is to offer returns that closely correspond to the performance of the securities constituent of the underlying index.
• It is benchmarked against the Nifty Midcap 150 Index TRI.
• This index features 150 midcap companies, defined as companies with a market capitalisation between the lower 50th percentile and 75th percentile of the market capitalisation of all listed stocks on NSE.
• The ETF provides diversified exposure to midcap stocks, which can offer significant growth potential compared to large-cap companies. However, midcap stocks also tend to have higher volatility and risk.
• The ETF includes stocks from various key segments of the economy. Diversification helps in lowering sectoral risks.
• This ETF might be suitable for investors looking for a long-term wealth creation goal.

Asset allocation and Portfolio Composition

• It invests predominantly in mid-cap and small-cap companies, allocating over 80% of the funds.
• The asset allocation of the fund comprises 99.89% in equity and 0.11% in cash and cash equivalent.

Top 5 sector-wise allocation of fund comprises around 36.66% in this ETF:

• Industrial Products: 8.75%
• Auto Components: 8.31%
• Banks:7.54%
• Pharmaceuticals & Biotechnology: 6.63%
• IT-Software: 5.43%

The top 10 holding stocks comprise around 14.12% of ETF’s asset allocation. Here are the top 10 company holdings in HDFC Nifty Midcap 150 ETF

• Max Healthcare Institute Limited: 2.16%
• Suzlon Energy Ltd: 1.74%
• Indian Hotels Company Ltd: 1.69%
• Cummins India Ltd: 1.67%
• CG Power and Industrial Solutions Ltd: 1.41%
• Tube Investments of India Ltd: 1.41%
• Dixon Technologies Ltd: 1.40%
• Persistent Systems Ltd: 1.38%
• Yes Bank Ltd: 1.34%
• Bharat Forge Ltd: 1.33%

Since its inception, the ETF has given an annualised return of 54.02% to its investors.

In a single year, as of August 2, 2024, the ETF has given a return of 55.99% compared to its benchmark’s returns of 56.44%.