July 9, 2026
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About Mirae Asset BSE Midcap 150 Momentum 30 ETF
The Mirae Asset BSE Midcap 150 Momentum 30 ETF is an open-ended Exchange Traded Fund (ETF) that seeks to generate returns, before expenses, that closely correspond to the performance of the BSE Midcap 150 Momentum 30 Total Return Index (TRI), subject to tracking error.
Unlike a traditional midcap index fund, this ETF follows a factor investing approach by selecting only the top 30 momentum stocks from the BSE Midcap 150 universe. Momentum investing aims to capture stocks that are already demonstrating sustained price strength and relative outperformance.
The ETF provides investors with a low-cost, transparent and rules-based investment solution without relying on active stock selection.
Investment Objective
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the BSE Midcap 150 Momentum 30 Total Return Index, subject to tracking error.
Benchmark Explained
The BSE Midcap 150 Momentum 30 TRI is a smart beta index that selects the 30 strongest momentum stocks from the broader BSE Midcap 150 Index.
Instead of allocating investments based purely on market capitalisation, the benchmark identifies stocks that have delivered superior price momentum over time while maintaining diversification across sectors.
The Total Return Index (TRI) version also includes dividend income, making it a better measure of investors’ total returns compared with the price index.
Benchmark Performance
Momentum investing has historically been one of the best-performing investment factors across global equity markets. During sustained bull markets, momentum indices have frequently outperformed broad market indices because they continuously allocate higher weights to stocks demonstrating stronger price trends.
However, momentum investing is not without risks. During sharp market corrections or sudden reversals, momentum strategies can experience relatively larger drawdowns as leadership changes quickly.
Sahifund Interpretation
The BSE Midcap 150 Momentum 30 TRI offers investors an opportunity to participate in India’s strongest-performing midcap stocks through a disciplined quantitative framework. While long-term return potential appears attractive, investors should expect significantly higher volatility than traditional diversified equity funds. A long investment horizon remains essential for this strategy.
Fund Managers
Ekta Gala
- B.Com
- Inter CA (IPCC)
- Joined Mirae Asset Mutual Fund in July 2026.
- Previously associated with ICICI Prudential Asset Management Company Ltd.
Vishal Singh
- B.Com
- Chartered Accountant (CA)
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM)
- Previously worked with NSE Indices Ltd. and Aranca (India) Pvt. Ltd.
Sahifund Interpretation of the Fund Managers
Since this is a passive ETF, fund managers do not actively select stocks. Their primary responsibility is to replicate the benchmark efficiently while minimising tracking error.
Ekta Gala’s ETF management experience and Vishal Singh’s expertise in index construction, quantitative investing and risk management provide confidence that the benchmark can be tracked efficiently. Ultimately, long-term performance will depend primarily on the momentum index rather than discretionary stock-picking decisions.
Risk Factors
- Very high equity market risk.
- Midcap volatility risk.
- Momentum factor underperformance during market reversals.
- Tracking error risk.
- Higher portfolio turnover due to index rebalancing.
- Market liquidity risk during periods of extreme volatility.
NFO Positives
- Exposure to India’s strongest momentum-based midcap stocks.
- Smart beta investing without active fund manager bias.
- Transparent and rules-based investment methodology.
- Suitable for long-term wealth creation through factor investing.
- Managed by one of India’s leading passive fund houses.
- No exit load.
- Low minimum investment of Rs. 5,000.
NFO Negatives
- Very high volatility.
- Momentum investing may underperform during sideways markets.
- Midcap stocks generally experience larger drawdowns than large caps.
- Not suitable as a standalone core equity investment.
- Performance depends entirely on benchmark performance and market cycles.
Similar Funds
- Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund
- Motilal Oswal BSE Midcap 150 Momentum 30 ETF
- Bandhan BSE Midcap 150 Momentum Index Fund
- Nippon India Nifty Midcap 150 Index Fund
- HDFC Nifty Midcap 150 Index Fund
Final Sahifund Verdict
The Mirae Asset BSE Midcap 150 Momentum 30 ETF provides investors with an efficient way to participate in one of the most successful quantitative investment strategies. The combination of India’s favourable midcap growth outlook, a transparent momentum methodology and Mirae Asset’s strong passive investing capabilities makes this an attractive tactical addition to a diversified equity portfolio.
However, investors must remember that momentum investing can be highly volatile. This ETF is best suited for disciplined investors willing to remain invested through market cycles rather than those seeking short-term stability.
Sahifund Rating
★★★★☆ (4/5)
Recommendation
Invest if you:
- Have a long-term investment horizon of at least 5–7 years.
- Want exposure to smart beta and factor investing.
- Already own diversified equity funds.
- Can tolerate above-average market volatility.
Avoid if:
- You are a first-time mutual fund investor.
- You prefer low-risk investments.
- You require stable returns over the short term.
Frequently Asked Questions
Is the Mirae Asset BSE Midcap 150 Momentum 30 ETF suitable for beginners?
No. Beginners should first build a diversified portfolio using flexi-cap or large-cap funds before considering factor-based ETFs.
Is this a long-term investment?
Yes. Investors should ideally remain invested for at least 5–7 years to benefit from momentum investing.
Does this ETF actively select stocks?
No. The ETF passively tracks the BSE Midcap 150 Momentum 30 TRI using a rules-based investment approach.
Why is the risk level very high?
The ETF invests exclusively in midcap stocks using a momentum strategy, making it more volatile than diversified equity funds.
Can this ETF be my only equity investment?
No. It is better suited as a satellite allocation alongside diversified equity funds rather than as the core equity holding.
No. Beginners should first build a diversified portfolio using flexi-cap or large-cap funds before considering factor-based ETFs.
Yes. Investors should ideally remain invested for at least 5–7 years to benefit from momentum investing.
No. The ETF passively tracks the BSE Midcap 150 Momentum 30 TRI using a rules-based investment approach.
The ETF invests exclusively in midcap stocks using a momentum strategy, making it more volatile than diversified equity funds.
No. It is better suited as a satellite allocation alongside diversified equity funds rather than as the core equity holding.