Tata Nifty Midcap 150 Momentum 50 Index Fund Direct Growth

Tata Nifty Midcap 150 Momentum 50 Index Fund Direct Growth is an equity fund. This fund was started on 20 October, 2022. The fund is managed by Nitin Sharma, Rakesh Prajapati. The fund could potentially beat inflation in the long-run.

1. Tata Nifty Midcap 150 Momentum 50 Index Fund Direct Growth has ₹1014 Cr worth of assets under management (AUM) as on Nov 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

Tata Nifty Midcap 150 Momentum 50 Index Fund Direct Growth has given a CAGR return of 22.18% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 2.00% and 22.85% respectively.

Tata Nifty Midcap 150 Momentum 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Tech, Industrial, Health, Consumer Cyclical, Communication, Consumer Defensive, Energy, Utilities. Its top holdings are Max Healthcare Institute Ltd Ordinary Shares, Max Financial Services Ltd, BSE Ltd, Suzlon Energy Ltd, Coforge Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to provide returns, before expenses, that commensurate with the performance of NIFTY Midcap 150 Momentum 50 Index (TRI), subject to tracking error

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 150.00. Tata Nifty Midcap 150 Momentum 50 Index Fund Direct Growth has no lock in period.