Mid Cap funds in India
66 plans (33 Regular, 33 Direct), rated on their track record against the Nifty Midcap 150 total-return index and their peers. Data as of 5 Nov 2026.
Companies ranked 101 to 250: more room to grow than large caps, and deeper falls along the way. Suits money you will not need for seven years or more. Funds differ widely here, so the choice of fund matters more than in large caps. SEBI requires mid cap funds to invest at least 65% in mid-cap stocks (companies ranked 101 to 250 by market value).
The difference, on ₹10 lakh invested three years ago, between the strongest mid cap fund (22.3% a year) and the weakest (9.2% a year). Same category, same SEBI rules, same market. 15 of 28 funds beat the Nifty Midcap 150 total-return index over the same period.
Regular plans, to the latest NAV. Past returns, not a forecast.
Regular plans (33)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Invesco India Mid Cap FundInvesco Mutual Fund · 19.5 yrs | A+ | 22.3% | +7.0% | 1.86% | ₹15,234 cr |
| Nippon India Growth Mid Cap FundNippon India Mutual Fund · 20.6 yrs | A+ | 16.7% | +1.5% | 1.56% | ₹51,142 cr |
| HDFC Mid Cap FundHDFC Mutual Fund · 19.3 yrs | A+ | 16.0% | +0.7% | 1.31% | ₹1,05,346 cr |
| HSBC Midcap FundHSBC Mutual Fund · 3.9 yrs | A | 21.2% | +5.9% | 2.15% | ₹16,299 cr |
| ICICI Prudential Mid Cap FundICICI Prudential Mutual Fund · 20.6 yrs | A | 20.0% | +4.7% | 1.85% | ₹8,094 cr |
| Edelweiss Mid Cap FundEdelweiss Mutual Fund · 9.9 yrs | A | 18.7% | +3.4% | 1.88% | ₹19,084 cr |
| Sundaram Mid Cap FundSundaram Mutual Fund · 20.6 yrs | A | 16.9% | +1.6% | 1.86% | ₹14,485 cr |
| WhiteOak Capital Mid Cap FundWhiteOak Capital Mutual Fund · 4.2 yrs | A | 19.6% | +4.4% | 2.25% | ₹7,096 cr |
| Mahindra Manulife Mid Cap FundMahindra Manulife Mutual Fund · 8.7 yrs | A | 15.2% | -0.0% | 2.05% | ₹5,252 cr |
| Kotak Mid Cap FundKotak Mahindra Mutual Fund · 19.6 yrs | B | 15.4% | +0.2% | 1.50% | ₹69,655 cr |
| Bandhan Mid Cap FundBandhan Mutual Fund · 4.2 yrs | B | 16.8% | +1.6% | 2.11% | ₹2,479 cr |
| ITI Mid Cap FundITI Mutual Fund · 5.7 yrs | B | 16.8% | +1.6% | 2.38% | ₹1,494 cr |
| JM Mid Cap FundJM Financial Mutual Fund · 3.9 yrs | B | 17.0% | +1.7% | 2.44% | ₹1,319 cr |
| Axis Midcap FundAxis Mutual Fund · 15.7 yrs | B | 16.2% | +0.9% | 1.77% | ₹34,576 cr |
| Canara Robeco Mid Cap FundCanara Robeco Mutual Fund · 3.9 yrs | B | 15.6% | +0.4% | 2.13% | ₹5,058 cr |
| Baroda BNP Paribas Mid Cap FundBaroda BNP Paribas Mutual Fund · 4.6 yrs | B | 14.9% | -0.4% | 2.20% | ₹2,597 cr |
| Franklin India Mid Cap FundFranklin Templeton Mutual Fund · 20.6 yrs | B | 14.0% | -1.3% | 1.91% | ₹12,837 cr |
| Mirae Asset Midcap FundMirae Asset Mutual Fund · 7.3 yrs | B | 14.5% | -0.8% | 2.02% | ₹20,305 cr |
| Tata Mid Cap FundTata Mutual Fund · 20.6 yrs | B | 13.5% | -1.8% | 1.99% | ₹6,088 cr |
| Union Midcap FundUnion Mutual Fund · 6.6 yrs | C | 15.6% | +0.3% | 2.35% | ₹1,933 cr |
| Aditya Birla Sun Life Midcap FundAditya Birla Sun Life Mutual Fund · 20.6 yrs | C | 13.9% | -1.4% | 2.01% | ₹6,788 cr |
| Quant Mid Cap Fundquant Mutual Fund · 20.6 yrs | C | 9.7% | -5.5% | 2.06% | ₹8,023 cr |
| SBI Midcap FundSBI Mutual Fund · 20.6 yrs | C | 9.2% | -6.0% | 1.80% | ₹24,262 cr |
| DSP Midcap FundDSP Mutual Fund · 20.0 yrs | C | 13.0% | -2.2% | 1.73% | ₹20,510 cr |
| LIC MF Mid Cap FundLIC Mutual Fund · 3.3 yrs | C | 14.5% | -0.8% | 3.07% | ₹381 cr |
| PGIM India Midcap FundPGIM India Mutual Fund · 12.9 yrs | C | 11.1% | -4.2% | 1.96% | ₹11,037 cr |
| UTI - Mid Cap FundUTI Mutual Fund · 20.6 yrs | C | 11.0% | -4.3% | 1.96% | ₹12,421 cr |
| Taurus Mid Cap FundTaurus Mutual Fund · 20.6 yrs | C | 10.2% | -5.1% | 2.79% | ₹136 cr |
| Bank Of India Mid Cap FundBank of India Mutual Fund · 1.2 yrs | – | – | – | 2.56% | ₹742 cr |
| Helios Mid Cap FundHelios Mutual Fund · 1.6 yrs | – | – | – | 2.32% | ₹2,106 cr |
| Samco Mid Cap FundSamco Mutual Fund · 0.7 yrs | – | – | – | 3.22% | ₹79 cr |
| Trustmf Mid Cap FundTrust Mutual Fund · 0.6 yrs | – | – | – | 3.49% | ₹517 cr |
| The Wealth Company Mid Cap FundThe Wealth Company Mutual Fund · 0.2 yrs | – | – | – | 3.96% | ₹106 cr |
Direct plans (33)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Invesco India Mid Cap FundInvesco Mutual Fund · 13.8 yrs | A+ | 23.8% | +8.5% | 0.76% | ₹15,234 cr |
| Edelweiss Mid Cap FundEdelweiss Mutual Fund · 9.9 yrs | A+ | 20.2% | +5.0% | 0.70% | ₹19,084 cr |
| HSBC Midcap FundHSBC Mutual Fund · 3.9 yrs | A+ | 22.4% | +7.2% | 1.09% | ₹16,299 cr |
| Nippon India Growth Mid Cap FundNippon India Mutual Fund · 13.8 yrs | A | 17.6% | +2.4% | 0.79% | ₹51,142 cr |
| HDFC Mid Cap FundHDFC Mutual Fund · 13.8 yrs | A | 16.7% | +1.4% | 0.74% | ₹1,05,346 cr |
| WhiteOak Capital Mid Cap FundWhiteOak Capital Mutual Fund · 4.2 yrs | A | 21.4% | +6.1% | 0.95% | ₹7,096 cr |
| Bandhan Mid Cap FundBandhan Mutual Fund · 4.2 yrs | A | 18.6% | +3.3% | 0.75% | ₹2,479 cr |
| ICICI Prudential Mid Cap FundICICI Prudential Mutual Fund · 13.8 yrs | A | 21.0% | +5.7% | 1.11% | ₹8,094 cr |
| Mahindra Manulife Mid Cap FundMahindra Manulife Mutual Fund · 8.7 yrs | A | 16.9% | +1.6% | 0.78% | ₹5,252 cr |
| ITI Mid Cap FundITI Mutual Fund · 5.7 yrs | B | 18.8% | +3.5% | 0.88% | ₹1,494 cr |
| Sundaram Mid Cap FundSundaram Mutual Fund · 13.8 yrs | B | 17.8% | +2.6% | 1.06% | ₹14,485 cr |
| JM Mid Cap FundJM Financial Mutual Fund · 3.9 yrs | B | 18.9% | +3.7% | 0.92% | ₹1,319 cr |
| Kotak Mid Cap FundKotak Mahindra Mutual Fund · 13.8 yrs | B | 16.7% | +1.4% | 0.54% | ₹69,655 cr |
| Canara Robeco Mid Cap FundCanara Robeco Mutual Fund · 3.9 yrs | B | 17.2% | +1.9% | 0.90% | ₹5,058 cr |
| Baroda BNP Paribas Mid Cap FundBaroda BNP Paribas Mutual Fund · 4.6 yrs | B | 16.5% | +1.3% | 0.78% | ₹2,597 cr |
| Union Midcap FundUnion Mutual Fund · 6.6 yrs | B | 17.2% | +1.9% | 1.05% | ₹1,933 cr |
| Axis Midcap FundAxis Mutual Fund · 13.8 yrs | B | 17.4% | +2.1% | 0.78% | ₹34,576 cr |
| Tata Mid Cap FundTata Mutual Fund · 13.8 yrs | B | 14.9% | -0.4% | 0.82% | ₹6,088 cr |
| Mirae Asset Midcap FundMirae Asset Mutual Fund · 7.3 yrs | B | 15.8% | +0.5% | 0.96% | ₹20,305 cr |
| Franklin India Mid Cap FundFranklin Templeton Mutual Fund · 13.8 yrs | B | 14.9% | -0.4% | 1.14% | ₹12,837 cr |
| Quant Mid Cap Fundquant Mutual Fund · 13.8 yrs | C | 10.9% | -4.3% | 1.17% | ₹8,023 cr |
| Aditya Birla Sun Life Midcap FundAditya Birla Sun Life Mutual Fund · 13.8 yrs | C | 14.8% | -0.4% | 1.21% | ₹6,788 cr |
| LIC MF Mid Cap FundLIC Mutual Fund · 3.3 yrs | C | 15.7% | +0.4% | 1.98% | ₹381 cr |
| DSP Midcap FundDSP Mutual Fund · 13.8 yrs | C | 14.1% | -1.2% | 0.83% | ₹20,510 cr |
| SBI Midcap FundSBI Mutual Fund · 13.8 yrs | C | 10.2% | -5.1% | 1.01% | ₹24,262 cr |
| PGIM India Midcap FundPGIM India Mutual Fund · 12.9 yrs | C | 12.5% | -2.8% | 0.78% | ₹11,037 cr |
| UTI - Mid Cap FundUTI Mutual Fund · 13.8 yrs | C | 11.9% | -3.3% | 1.26% | ₹12,421 cr |
| Taurus Mid Cap FundTaurus Mutual Fund · 13.8 yrs | C | 10.7% | -4.6% | 2.35% | ₹136 cr |
| Bank Of India Mid Cap FundBank of India Mutual Fund · 1.2 yrs | – | – | – | 1.38% | ₹742 cr |
| Helios Mid Cap FundHelios Mutual Fund · 1.6 yrs | – | – | – | 0.89% | ₹2,106 cr |
| Samco Mid Cap FundSamco Mutual Fund · 0.7 yrs | – | – | – | 1.80% | ₹79 cr |
| Trustmf Mid Cap FundTrust Mutual Fund · 0.6 yrs | – | – | – | 1.89% | ₹517 cr |
| The Wealth Company Mid Cap FundThe Wealth Company Mutual Fund · 0.2 yrs | – | – | – | 1.96% | ₹106 cr |
Common questions
What does a mid cap fund invest in?
SEBI requires mid cap funds to invest at least 65% in mid-cap stocks (companies ranked 101 to 250 by market value).
How many mid cap funds beat their index over 3 years?
15 of 28 mid cap funds (Regular plans with 3 years of history) beat the Nifty Midcap 150 total-return index over the 3 years to 5 Nov 2026.
How are these funds rated?
Each fund is compared only with funds in its category and plan type, on its long-run return over the index, risk-adjusted return, consistency, cost and portfolio. The ratings describe the track record so far; our own backtest found they do not predict future returns.
Ratings describe past track records and are not a recommendation to buy or sell. Read the scheme documents before investing.