Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF Nifty Midcap 100 ETF

Holds 100 companies worth ₹626 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹629 CrLIC MF Nifty Midcap 100 ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 7.9% on Aug 2026, ₹683 Cr.

  • Largest holding

    Multi Commodity Exchange of India LimitedMulti Commodity Exchange of India Limited is 2.6% of this scheme's NAV.

  • Fund manager

    Nikhil KapoorRuns it since 1 Apr 2026, as the fund house dates it. With Sasikant Aravamuthan (fund manager).

Overview(1 Sept 2026)

Fund managers2

  1. Nikhil KapoorFund manager · Apr 2026
  2. Sasikant AravamuthanFund manager · Jul 2026
  1. Sumit BhatnagarFeb 2024 – Apr 2026

Key facts

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.
Risk
Very High Note: The above product labelling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.
Expense
Regular 0.15% · Direct 0%
Exit load
Nil
Started
14 Feb 2024
Minimum
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.

Source.Its Scheme Summary Document as of 1 Sept 2026 at AMFI.

What changed(4 changes)

Jul 2026

1 change
  1. Sasikant Aravamuthan joined
    5 Julas fund manager

Apr 2026

3 changes
  1. Nikhil Kapoor joined
    11 Apras fund manager
  2. Sumit Bhatnagar left
    11 Aprran it as fund manager from Feb 2024
  3. Expense ratio
    7 AprRegular 0.16% → 0.15%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Feb 2024 – now)

  1. Nikhil Kapoor
  2. Sasikant Aravamuthan
  3. Sumit Bhatnagar
MainCoSlice20252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Sept 2026)

Every change to the expense ratio, newest first.
2 changesRegularDirectΔ pt
7 Apr 20260.15%0.00%0
14 Aug 20240.16%0.00%–
Direct plan, 7 Apr 2026
0.00%
Regular plan 0.15% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(1 Sept 2026)

Objective

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.

Risk, type and benchmark

At launch
Very High
Type
An open ended scheme replicating/tracking Nifty Midcap 100 Total Return Index
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.

Asset allocation it may hold% of NAV

  1. Securities covered by the NIFTY Midcap 100 Index
    Allowed95–100%
  2. Money Market and other liquid instruments, Mutual Fund units
    Allowed0–5%

Holds in Sept 2026.99.4% equity · 0.6% debt and cash

How to invest(1 Sept 2026)

Buying

To start
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.

Selling and switching

To redeem
For Redemption 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 Sale of units through Stock Exchange: As the Units of the Schemes are listed on NSE & BSE, an Investor can sale 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. The Units can be sold in round lots of 1 (one) Unit. or No minimum redemption criteria for Unit based redemption units

Scheme details(1 Sept 2026)

What it is

Category
Other Schemes - ETFs
Offer
8 Feb 2024 to 12 Feb 2024
Started
14 Feb 2024
Reopened
19 Feb 2024
Plans
The Scheme does not offer any Plans/Options for investment. · The AMC and the Trustees reserve the right to introduce such other Plans/Options as they deem necessary or desirable from time to time, in accordance with the SEBI Regulations.
Face value
₹10
Listed
The units of the Scheme are listed on National Stock Exchange of India Limited and Bombay Stock Exchange Limited. NSE Disclaimer: ""It is to be distinctly understood that the permission given by NSE Limited should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the 'Disclaimer Clause of NSE '."" BSE Disclaimer: ""It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the SID has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the 'Disclaimer Clause of the BSE Limited'.""

How it is run

Swing pricing
No
Side-pocketing
Enabled but no segregated portfolio created.
Custodian
Standard Chartered Bank
Auditor
M/s. Deloite Haskins & Sells LLP
Registrar
KFin Technologies Ltd
SEBI code
LICM/O/O/EET/24/01/0028