Fundalysisby DARKHORSESTOCKS

Scheme

Tata Nifty Midcap 150 Index Fund

Holds 149 companies worth ₹317 Cr in Sept 2026.

  • Fund house

    TataThe fund house that runs this scheme.

  • AUM

    ₹318 CrTata Nifty Midcap 150 Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.4% on Aug 2026, ₹332 Cr.

  • Largest holding

    Multi Commodity Exchange of India LimitedMulti Commodity Exchange of India Limited is 2.1% of this scheme's NAV.

  • Fund manager

    Nitin SharmaRuns it since 1 Jul 2025, as the fund house dates it. With Rakesh Prajapati (co-manager).

Overview(11 Sept 2026)

Fund managers2

  1. Nitin SharmaFund manager · Jul 2025 · 19y · B.Com
  2. Rakesh PrajapatiCo-manager · Jul 2025 · 20y · B.Com
  1. Kapil MenonMar 2025 – Jul 2025

Key facts

Benchmark
Nifty Midcap 150 Index (TRI).
Risk
Very High
Expense
Regular 1.05% · Direct 0.23%
Exit load
0.25% within 15 days
Started
within 5 (five) business days from the date of closure of the NFO
Minimum
₹5,000

Source.Its Scheme Summary Document as of 11 Sept 2026 at AMFI.

What changed(10 changes)

Sept 2026

1 change
  1. Expense ratio
    11 SeptDirect 0.24% → 0.23%

Aug 2026

1 change
  1. Expense ratio
    13 AugRegular 1.15% → 1.05%Direct 0.22% → 0.24%

Apr 2026

1 change
  1. Expense ratio
    29 AprRegular 1.05% → 1.15%Direct 0.1% → 0.22%

Source.Its filings at NSE, since Mar 2025.

Fund managers over time(Mar 2025 – now)

  1. Nitin Sharma
  2. Rakesh Prajapati
  3. Kapil Menon
MainCoSlice2026
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(Jun 2025 – Sept 2026)

Every change to the expense ratio, newest first.
8 changesRegularDirectΔ pt
11 Sept 20261.05%0.23%0.01
13 Aug 20261.05%0.24%0.02
29 Apr 20261.15%0.22%0.12
27 Feb 20261.05%0.10%0.01
30 Dec 20251.06%0.11%0.01
31 Aug 20251.06%0.10%0.01
31 Jul 20251.05%0.09%0.01
30 Jun 20251.05%0.10%–
Direct plan, 11 Sept 2026
0.23%
Regular plan 1.05% · Exit load 0.25% within 15 days
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(11 Sept 2026)

Objective

The investment objective of the scheme is to provide returns, before expenses, that commensurate with the performance of Nifty Midcap 150 Index (TRI), subject to tracking error.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended fund replicating / tracking the Nifty Midcap 150 Index (TRI).
Benchmark
Nifty Midcap 150 Index (TRI).

Asset allocation it may hold% of NAV

  1. Securities covered by Nifty Midcap 150 Index (TRI)(95-100),Debt / Money Market Instruments^ including units of Mutual Funds^^ (0-5). The scheme can invest residual portion of
    Allowed0–5%

Holds in Sept 2026.99.6% equity · 0.4% debt and cash

How to invest(11 Sept 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
Not Applicable.
Systematic
SIP-- Monthly/Monthly/Quarterly/Quarterly/Weekly/Daily (Business Days) ;STP --Monthly/Quarterly/Weekly/Daily (Business Days) ;SWP --Monthly/Quarterly/Half-yearly/Yearly
Dates
SIP-- Any day/Any day/Any day/Any day/Monday-Friday/All Business Days ;STP --Any day/Any day/Monday-Friday/All Business Days ;SWP --Any day/Any day/Any day/Any day
Minimum
SIP-- 100.00/1,000.00/1,000.00/1,500.00/100.00/100.00 ;STP --500.00/500.00/500.00/500.00 ;SWP --500.00/500.00/500.00/500.00, then sIP-- 1.00/1.00/1.00/1.00/1.00/1.00 ;STP --1.00/1.00/1.00/1.00 ;SWP --1.00/1.00/1.00/1.00
Instalments
SIP-- 12 Instalments/6 instalments/6 instalments/4 instalments/12 instalments/12 instalments ;STP --500.00 to 999.00 - 12 instalments; 1,000.00 to 1,999.00 - 6 instalments; 2,000.00 and more - 3 instalments ;SWP --1.00/1.00/1.00/1.00
Most
SIP-- Not Applicable/Not Applicable/Not Applicable/Not Applicable/Not Applicable/Not Applicable ;STP --Not Applicable/Not Applicable/Not Applicable/Not Applicable ;SWP --Not Applicable/Not Applicable/Not Applicable/Not Applicable

Selling and switching

To redeem
₹500 or 50 units
Minimum balance
No mimimum balance required or No mimimum unit balance required units
Switch minimum
For all units there is no minimum switch amount. or For all units there is no minimum switch units. units
Switch multiples
Not Applicable. or Not Applicable. units
Switch most
Not Applicable. or Not Applicable. units

Scheme details(11 Sept 2026)

What it is

Category
Other Schemes - Index Fund
Offer
2 Jun 2025 to 16 Jun 2025
Started
within 5 (five) business days from the date of closure of the NFO
Reopened
within 5 (five) business days of allotment
Plans
Tata Nifty Midcap 150 Index Fund Regular Plan IDCW - Reinvestment · Tata Nifty Midcap 150 Index Fund Direct Plan IDCW - Reinvestment · Tata Nifty Midcap 150 Index Fund Regular Plan Growth · Tata Nifty Midcap 150 Index Fund Direct Plan Growth · Tata Nifty Midcap 150 Index Fund Regular Plan IDCW Payout · Tata Nifty Midcap 150 Index Fund Direct Plan IDCW Payout
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Standard Chartered Bank
Auditor
S.R. Batliboi & CO. LLP
Registrar
Computer Age Management Services Limited
SEBI code
TATA/O/O/OIN/25/05/0077