Nifty Midcap v/s Nifty Next 50!

Nifty Midcap 150 index consists of 150 companies ranked 101-250 by market cap. If one really wants to take the passive fund route to get mid-cap exposure, only then one should look towards choosing between Nifty Next 50 and Midcap 150 index funds. Nifty Next 50 is less volatile in comparison to Nifty Midcap 150, although in bull run you will get greater returns in Midcap 50 than Next 50. Also, given 150 stocks in the portfolio, the Midcap 150 index is a lot more diversified than the Next 50 index with 50 stocks.