What are the top performing Mid Cap funds?

Based on 1-year returns, the top performing Mid Cap funds are HSBC Midcap Fund - Direct Plan with 18.89% return, ICICI Prudential Midcap Fund - Direct Plan with 16.62% return, and Helios Mid Cap Fund - Direct Plan with 12.88% return. The category average 1-year return is 5.39%.

Which Mid Cap funds have given the best returns over 3 years?

Over a 3-year period, the best performing Mid Cap funds are HSBC Midcap Fund - Direct Plan with a 27.84% CAGR, ICICI Prudential Midcap Fund - Direct Plan with 26.19% CAGR, and Helios Mid Cap Fund - Direct Plan with 25.65% CAGR. The category average 3-year return stands at 20.43% CAGR.

Which Mid Cap funds have given the best returns over 5 years?

Over a 5-year period, the top Mid Cap funds are HSBC Midcap Fund - Direct Plan with a 22.88% CAGR, ICICI Prudential Midcap Fund - Direct Plan with 21.82% CAGR, and Helios Mid Cap Fund - Direct Plan with 21.47% CAGR. The category average 5-year return is 18.18% CAGR.

Which are the best Mid Cap funds for SIP investment?

Based on average 5-year rolling returns, the best Mid Cap funds for SIP are Mahindra Manulife Mid Cap Fund - Direct Plan with 5-year average rolling return of 26.23%, Edelweiss Mid Cap Fund - Direct Plan with 21.20%, and Kotak Midcap Fund - Direct Plan with 21.06%. You can start a SIP in Mid Cap funds with as little as ₹99 per month.

What are the largest Mid Cap mutual funds by assets?

The largest Mid Cap funds by Assets Under Management (AUM) are HDFC Mid Cap Fund - Direct Plan with ₹ 94,744.70 crore, Kotak Midcap Fund - Direct Plan with ₹ 63,539.50 crore, and Nippon India Growth Mid Cap Fund - Direct Plan with ₹ 45,820.30 crore. Together, there are 60 Mid Cap funds available in India.

What is the minimum amount to invest in Mid Cap funds?

You can start investing in Mid Cap funds with a minimum SIP of ₹99 per month or a minimum lumpsum of ₹100. The minimum investment varies across fund houses — some funds allow even lower entry points.

How are Mid Cap fund returns taxed?

Gains from Mid Cap funds held for less than 12 months are taxed at 20% (Short-Term Capital Gains). Gains on units held for 12 months or more are taxed at 12.5% (Long-Term Capital Gains), with ₹1.25 lakh per year being exempt per financial year. Dividends (IDCW) are taxed at your applicable income tax slab rate.

Which Mid Cap funds have the lowest expense ratio?

Among Mid Cap funds, Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan has the lowest expense ratio at 0.07% (Direct Plan), followed by Tata Nifty Midcap 150 Index Fund - Direct Plan at 0.13%. Lower expense ratios directly improve your net returns over the long term.

How many Mid Cap mutual funds are available in India?

There are currently 60 Mid Cap mutual funds available in India across different fund houses. You can compare all 60 funds on Sharpely based on returns, risk, AUM, and expense ratio to find the one that suits your investment goals.

mutual funds category

Mid Cap

Mid Cap Funds

Mid-cap equity funds invest in mid-cap stocks. The SEBI guidelines require mid-cap funds to invest 65% of total funds in mid-cap companies. According to the SEBI, companies in the 101st to 250th position in terms of market capitalization are mid-cap companies.

Total Schemes

No. of schemes

Total AUM

₹ 4.90Lakh Cr

As on latest

Category Return (5Y)

18.18 %

CAGR

Benchmark

18.92%

NIFTY 500 TRI

Category Returns (%)

Period	1M	6M	1Y	3Y CAGR	5Y CAGR	10Y CAGR	YTD
Mid Cap	1.24 %	-0.52 %	5.39 %	20.43 %	18.18 %	17.29 %	0.49 %
Benchmark	1.25 %	-0.26 %	5.46 %	21.48 %	18.92 %	18.51 %	0.16 %

Top Mid Cap Funds (by AUM)

Fund Name	AUM (₹ Cr)	1Y Return	3Y CAGR	5Y CAGR	Expense Ratio
HDFC Mid Cap Fund - Direct PlanNAV: ₹218.88	94,744.70 Cr	5.76%	22.12%	20.83%	0.73%
Kotak Midcap Fund - Direct PlanNAV: ₹160.43	63,539.50 Cr	7.29%	20.92%	18.91%	0.38%
Nippon India Growth Mid Cap Fund - Direct PlanNAV: ₹4,758.65	45,820.30 Cr	7.73%	23.89%	21.82%	0.86%
Motilal Oswal Midcap Fund - Direct PlanNAV: ₹104.93	35,735.00 Cr	-7.96%	18.72%	22.88%	6.44%
Axis Midcap Fund - Direct PlanNAV: ₹134.35	32,276.30 Cr	5.17%	18.32%	15.91%	0.57%
SBI Midcap Fund - Direct PlanNAV: ₹262.53	23,247.40 Cr	0.69%	14.35%	16.51%	0.85%
DSP Midcap Fund - Direct PlanNAV: ₹165.03	19,459.00 Cr	4.44%	18.92%	13.50%	0.70%
Mirae Asset Midcap Fund - Direct PlanNAV: ₹41.12	18,387.70 Cr	10.14%	20.74%	17.65%	0.59%
Edelweiss Mid Cap Fund - Direct PlanNAV: ₹122.93	15,910.70 Cr	7.76%	24.75%	21.47%	0.98%
HSBC Midcap Fund - Direct PlanNAV: ₹502.37	13,386.60 Cr	18.89%	27.84%	20.50%	1.49%
Sundaram Mid Cap Fund - Direct PlanNAV: ₹1,564.87	13,378.00 Cr	6.72%	23.31%	19.89%	0.93%
Franklin India Mid Cap Fund - Direct PlanNAV: ₹2,996.21	12,102.40 Cr	-0.82%	18.78%	15.73%	0.99%
Invesco India Mid Cap Fund - Direct PlanNAV: ₹219.70	11,767.30 Cr	8.15%	25.30%	21.36%	0.58%
UTI Mid Cap Fund - Direct PlanNAV: ₹333.40	11,679.70 Cr	1.75%	15.40%	14.91%	0.89%
PGIM India Midcap Fund - Direct PlanNAV: ₹73.13	10,737.50 Cr	1.16%	12.99%	14.07%	0.56%

About Mid Cap Funds

What is it?

Objective

The objective of the mid-cap fund is to generate maximum returns by investing in mid-cap stocks.

Suitability and opinion

The fund manager has less freedom in the stock selection as at least 65% of the pooled funds are invested in mid-cap stocks. The stock universe for these funds is small. These stocks also contain higher risks and are suitable for aggressive investors. These funds have high volatility and can seriously underperform during a market downturn. Even then exposure should not be more than 10% of the portfolio. We believe that flexicap is a better category compared to mid-cap funds.

Mid Cap vs Other Categories

5Y CAGR Return Comparison

18.28%

18.27%

18.18%

16.49%

16.14%

Thematic-Manufacturing

Small Cap

Mid Cap

Thematic-Business Cycle

Thematic-Dividend Yield

Key Insights

Mid Cap delivered 18.18% CAGR over the last 5 years.

It ranks #6 out of 24 categories based on 5Y performance.

Above the category average return of 15.13%.

5 categories outperform it, while 18 categories have lower returns.

Top performer: Thematic-PSU (24.47%).

Lowest performer: Sectoral-Technology (8.85%).

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

HDFC Mid Cap Fund - Direct Plan

Fund Performance: HDFC Mid Cap Fund - Direct Plan has given 22.12% annualized returns in the past three years and 20.83% in the last 5 years. The HDFC Mid Cap Fund - Direct Plan comes under the Equity category of HDFC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in HDFC Mid Cap Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 94,744.70Cr

1Y Returns

5.76%

Expense Ratio

0.73%

Kotak Midcap Fund - Direct Plan

Fund Performance: Kotak Midcap Fund - Direct Plan has given 20.92% annualized returns in the past three years and 18.91% in the last 5 years. The Kotak Midcap Fund - Direct Plan comes under the Equity category of Kotak Mahindra Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Kotak Midcap Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 63,539.50Cr

1Y Returns

7.29%

Expense Ratio

0.38%

Nippon India Growth Mid Cap Fund - Direct Plan

Fund Performance: Nippon India Growth Mid Cap Fund - Direct Plan has given 23.89% annualized returns in the past three years and 21.82% in the last 5 years. The Nippon India Growth Mid Cap Fund - Direct Plan comes under the Equity category of Nippon India Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Growth Mid Cap Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 45,820.30Cr

1Y Returns

7.73%

Expense Ratio

0.86%

Motilal Oswal Midcap Fund - Direct Plan

Fund Performance: Motilal Oswal Midcap Fund - Direct Plan has given 18.72% annualized returns in the past three years and 22.88% in the last 5 years. The Motilal Oswal Midcap Fund - Direct Plan comes under the Equity category of Motilal Oswal Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Motilal Oswal Midcap Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 500.00

AUM

₹ 35,735.00Cr

1Y Returns

-7.96%

Expense Ratio

6.44%

Axis Midcap Fund - Direct Plan

Fund Performance: Axis Midcap Fund - Direct Plan has given 18.32% annualized returns in the past three years and 15.91% in the last 5 years. The Axis Midcap Fund - Direct Plan comes under the Equity category of Axis Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Axis Midcap Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 32,276.30Cr

1Y Returns

5.17%

Expense Ratio

0.57%

SBI Midcap Fund - Direct Plan

Fund Performance: SBI Midcap Fund - Direct Plan has given 14.35% annualized returns in the past three years and 16.51% in the last 5 years. The SBI Midcap Fund - Direct Plan comes under the Equity category of SBI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in SBI Midcap Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 23,247.40Cr

1Y Returns

0.69%

Expense Ratio

0.85%

DSP Midcap Fund - Direct Plan

Fund Performance: DSP Midcap Fund - Direct Plan has given 18.92% annualized returns in the past three years and 13.50% in the last 5 years. The DSP Midcap Fund - Direct Plan comes under the Equity category of DSP Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in DSP Midcap Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 19,459.00Cr

1Y Returns

4.44%

Expense Ratio

0.70%

Mirae Asset Midcap Fund - Direct Plan

Fund Performance: Mirae Asset Midcap Fund - Direct Plan has given 20.74% annualized returns in the past three years and 17.65% in the last 5 years. The Mirae Asset Midcap Fund - Direct Plan comes under the Equity category of Mirae Asset Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Midcap Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 99.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 18,387.70Cr

1Y Returns

10.14%

Expense Ratio

0.59%

Edelweiss Mid Cap Fund - Direct Plan

Fund Performance: Edelweiss Mid Cap Fund - Direct Plan has given 24.75% annualized returns in the past three years and 21.47% in the last 5 years. The Edelweiss Mid Cap Fund - Direct Plan comes under the Equity category of Edelweiss Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Edelweiss Mid Cap Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 15,910.70Cr

1Y Returns

7.76%

Expense Ratio

0.98%

HSBC Midcap Fund - Direct Plan

Fund Performance: HSBC Midcap Fund - Direct Plan has given 27.84% annualized returns in the past three years and 20.50% in the last 5 years. The HSBC Midcap Fund - Direct Plan comes under the Equity category of HSBC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in HSBC Midcap Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 13,386.60Cr

1Y Returns

18.89%

Expense Ratio

1.49%

Sundaram Mid Cap Fund - Direct Plan

Fund Performance: Sundaram Mid Cap Fund - Direct Plan has given 23.31% annualized returns in the past three years and 19.89% in the last 5 years. The Sundaram Mid Cap Fund - Direct Plan comes under the Equity category of Sundaram Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Sundaram Mid Cap Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 13,378.00Cr

1Y Returns

6.72%

Expense Ratio

0.93%

Franklin India Mid Cap Fund - Direct Plan

Fund Performance: Franklin India Mid Cap Fund - Direct Plan has given 18.78% annualized returns in the past three years and 15.73% in the last 5 years. The Franklin India Mid Cap Fund - Direct Plan comes under the Equity category of Franklin Templeton Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Franklin India Mid Cap Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 12,102.40Cr

1Y Returns

-0.82%

Expense Ratio

0.99%

Invesco India Mid Cap Fund - Direct Plan

Fund Performance: Invesco India Mid Cap Fund - Direct Plan has given 25.30% annualized returns in the past three years and 21.36% in the last 5 years. The Invesco India Mid Cap Fund - Direct Plan comes under the Equity category of Invesco Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Invesco India Mid Cap Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 11,767.30Cr

1Y Returns

8.15%

Expense Ratio

0.58%

UTI Mid Cap Fund - Direct Plan

Fund Performance: UTI Mid Cap Fund - Direct Plan has given 15.40% annualized returns in the past three years and 14.91% in the last 5 years. The UTI Mid Cap Fund - Direct Plan comes under the Equity category of UTI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in UTI Mid Cap Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 11,679.70Cr

1Y Returns

1.75%

Expense Ratio

0.89%

PGIM India Midcap Fund - Direct Plan

Fund Performance: PGIM India Midcap Fund - Direct Plan has given 12.99% annualized returns in the past three years and 14.07% in the last 5 years. The PGIM India Midcap Fund - Direct Plan comes under the Equity category of PGIM India Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in PGIM India Midcap Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 10,737.50Cr

1Y Returns

1.16%

Expense Ratio

0.56%