Zerodha Nifty Midcap 150 ETF

Zerodha Nifty Midcap 150 ETF is an exchange-traded fund that aims to closely track the Nifty Midcap 150 Index. This ETF provides investors with exposure to a diversified portfolio consisting of 150 mid-cap companies listed on the National Stock Exchange of India. The primary function of this ETF is to offer a cost-effective and convenient way for investors to gain access to the mid-cap segment of the Indian equity market without directly purchasing individual stocks. The mid-cap sector typically includes companies that are established but still offer substantial growth potential, acting as a bridge between the stability of large-cap stocks and the high-growth potential of small-cap stocks. Zerodha Nifty Midcap 150 ETF plays a significant role in investment portfolios by providing diversification benefits and serving as a vehicle for capturing broader market movements in the mid-cap space. It caters to retail and institutional investors looking to balance risk and reward potential. By reflecting the performance of the underlying index, this ETF provides investors with an insight into the economic prowess and growth dynamics of mid-cap companies, contributing to India's overall market development.