Top-rated mid cap funds: November 2026

The 3 mid cap schemes rated A+ or A on their track record this month, out of 28 rated Regular plans: why each one rates well, what changed since last month, and how much they overlap. Data as of 11 Nov 2026.

Each fund is compared only with other mid cap funds of the same plan type: return over the Nifty Midcap 150 total-return index, how consistently it was earned, risk, cost and portfolio. How the ratings work.

1. Invesco India Mid Cap Fund (A last month)

Invesco Mutual Fund · AUM ₹15,822 cr · 13.9 years

Regular A+ · #1 of 28 · expense ratio 1.85% · Direct A+ · #1 of 28 · expense ratio 0.75%

Returned 22.2% a year over 3 years (Regular plan), +7.4% a year against the Nifty Midcap 150 total-return index; the median fund: +0.1%.
Ahead of the Nifty Midcap 150 total-return index in 68% of rolling 3-year periods (median fund: 6%).
In falling months it fell 103% as much as the index (median fund: 94%).
Its deepest fall in the last 3 years was 20.3% (median fund: 21.6%).
Holds 41 stocks; the top 10 are 51% of the portfolio, the largest sector Healthcare Services (17%).

2. HSBC Midcap Fund (A+ last month)

HSBC Mutual Fund · AUM ₹16,762 cr · 4.0 years

Regular A · #2 of 28 · expense ratio 2.15% · Direct A · #2 of 28 · expense ratio 1.09%

Returned 20.6% a year over 3 years (Regular plan), +5.7% a year against the Nifty Midcap 150 total-return index; the median fund: +0.1%.
In falling months it fell 96% as much as the index (median fund: 94%).
Its deepest fall in the last 3 years was 26.1% (median fund: 21.6%).

A short record: 4.0 years. Ratings on short records change more.

3. LIC MF Mid Cap Fund (B last month)

LIC Mutual Fund · AUM ₹353 cr · 3.3 years

Regular A · #3 of 28 · expense ratio 3.07% · Direct A · #3 of 28 · expense ratio 1.98%

Returned 13.6% a year over 3 years (Regular plan), -1.2% a year against the Nifty Midcap 150 total-return index; the median fund: +0.1%.
In falling months it fell 108% as much as the index (median fund: 94%).
Its deepest fall in the last 3 years was 21.9% (median fund: 21.6%).

A short record: 3.3 years. Ratings on short records change more.

What changed since last month

Joined the shortlist

LIC MF Mid Cap Fund: B → A

Left the shortlist

Regular plans; ratings are revised on the 11th and 16th of each month, after fund houses publish their portfolios. Each fund's page explains its own change.

Which of these suits you?

That depends on your goal, your other funds and how much overlap you hold. Tell us what you have and we'll look at it with you.

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All 66 mid cap plans, with every rating · Other categories

Common questions

Which mid cap funds are rated A+ in November 2026?

Among Regular plans: Invesco India Mid Cap Fund. 3 schemes are rated A+ or A in at least one plan. Ratings compare each fund with its own category and plan type, on its record against the Nifty Midcap 150 total-return index.

Is the top-rated mid cap fund the best one to invest in?

Not necessarily. The rating describes the track record so far: return over the index, how consistently it was earned, risk, cost and portfolio. Our own backtest found that top ratings did not reliably predict the next three years. Use the shortlist to avoid weak records, then choose for your goal, the funds you already hold, and how much overlap you can accept.

Direct plan or Regular plan?

The same portfolio. A Direct plan has no distributor commission, so its expense ratio is lower and its return slightly higher. A Regular plan pays a distributor such as us, through the expense ratio, for advice and service. Plans are rated separately: Regular against Regular, Direct against Direct.

How often does this list change?

Returns update every weekday, but ratings change twice a month: on the 11th and the 16th, after fund houses publish their monthly portfolios.

Ratings describe past track records and are not a recommendation to buy or sell, or a forecast. Mutual fund investments are subject to market risks; read the scheme documents before investing.