What are the top performing Mid Cap funds?

Based on 1-year returns, the top performing Mid Cap funds are HSBC Midcap Fund Direct-Growth with 16.94% return, Helios Mid Cap Fund Direct-Growth with 13.65% return, and WhiteOak Capital Mid Cap Fund Direct-Growth with 12.99% return. The category average 1-year return is 5.98%.

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-Growth with a 26.06% CAGR, Helios Mid Cap Fund Direct-Growth with 25.87% CAGR, and WhiteOak Capital Mid Cap Fund Direct-Growth with 24.30% CAGR. The category average 3-year return stands at 19.60% 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-Growth with a 23.14% CAGR, Helios Mid Cap Fund Direct-Growth with 20.94% CAGR, and WhiteOak Capital Mid Cap Fund Direct-Growth with 20.20% CAGR. The category average 5-year return is 17.08% 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-Growth with 5-year average rolling return of 26.03%, Edelweiss Mid Cap Direct Plan-Growth with 21.21%, and Kotak Midcap Fund Direct-Growth with 21.04%. 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-Growth with ₹ 1,00,858.00 crore, Kotak Midcap Fund Direct-Growth with ₹ 67,611.00 crore, and Nippon India Growth Mid Cap Fund Direct-Growth with ₹ 49,169.10 crore. Together, there are 53 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, Tata Nifty Midcap 150 Index Fund Direct-Growth has the lowest expense ratio at 0.24% (Direct Plan), followed by Axis Nifty Midcap 50 Index Fund Direct-Growth at 0.29%. 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 53 Mid Cap mutual funds available in India across different fund houses. You can compare all 53 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

₹ 5.19Lakh Cr

As on latest

Category Return (5Y)

17.08 %

CAGR

Benchmark

17.76%

NIFTY 500 TRI

Category Returns (%)

Period	1M	6M	1Y	3Y CAGR	5Y CAGR	10Y CAGR	YTD
Mid Cap	1.56 %	6.50 %	5.98 %	19.60 %	17.08 %	17.09 %	4.80 %
Benchmark	0.90 %	4.90 %	5.04 %	19.48 %	17.76 %	18.22 %	3.48 %

Top Mid Cap Funds (by AUM)

Fund Name	AUM (₹ Cr)	1Y Return	3Y CAGR	5Y CAGR	Expense Ratio
HDFC Mid Cap Fund Direct-GrowthNAV: ₹229.28	1,00,858.00 Cr	4.76%	20.05%	20.20%	0.75%
Kotak Midcap Fund Direct-GrowthNAV: ₹171.16	67,611.00 Cr	7.80%	20.86%	18.47%	0.50%
Nippon India Growth Mid Cap Fund Direct-GrowthNAV: ₹4,945.90	49,169.10 Cr	7.47%	22.09%	20.00%	0.82%
Motilal Oswal Midcap Fund Direct-GrowthNAV: ₹114.42	37,473.90 Cr	-3.38%	19.81%	23.14%	0.94%
Axis Midcap Direct Plan-GrowthNAV: ₹141.06	33,803.00 Cr	6.25%	18.08%	15.12%	0.82%
SBI Mid Cap Direct Plan-GrowthNAV: ₹274.88	24,126.70 Cr	2.03%	13.39%	15.23%	1.01%
DSP Midcap Direct Plan-GrowthNAV: ₹172.94	20,170.30 Cr	4.28%	18.02%	12.92%	0.81%
Mirae Asset Midcap Fund Direct-GrowthNAV: ₹43.67	19,542.60 Cr	9.48%	19.31%	17.08%	0.90%
Edelweiss Mid Cap Direct Plan-GrowthNAV: ₹127.30	17,748.30 Cr	6.61%	23.66%	19.58%	0.72%
HSBC Midcap Fund Direct-GrowthNAV: ₹517.54	15,351.90 Cr	16.94%	25.87%	19.19%	1.23%
Sundaram Mid Cap Fund Direct-GrowthNAV: ₹1,637.67	14,026.10 Cr	7.30%	21.73%	18.73%	1.05%
Invesco India Mid Cap Fund Direct-GrowthNAV: ₹240.76	13,766.90 Cr	9.27%	26.06%	20.94%	0.75%
Franklin India Mid Cap Fund Direct-GrowthNAV: ₹3,195.94	12,489.70 Cr	0.76%	18.63%	15.42%	1.08%
UTI Mid Cap Fund Direct-GrowthNAV: ₹346.29	12,122.30 Cr	1.19%	13.83%	13.42%	1.07%
PGIM India Midcap Fund Direct-GrowthNAV: ₹76.71	10,981.50 Cr	0.47%	12.64%	12.90%	0.77%

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

20.01%

17.75%

17.08%

16.93%

16.39%

Sectoral-Auto & Transportation

Thematic-Manufacturing

Mid Cap

Small Cap

Thematic-Business Cycle

Key Insights

Mid Cap delivered 17.08% CAGR over the last 5 years.

It ranks #5 out of 27 categories based on 5Y performance.

Above the category average return of 14.24%.

4 categories outperform it, while 22 categories have lower returns.

Top performer: Thematic-PSU (23.72%).

Lowest performer: Sectoral-Technology (6.73%).

Let's have a closer look

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

HDFC Mid Cap Fund Direct-Growth

Fund Performance: HDFC Mid Cap Fund Direct-Growth has given 20.05% annualized returns in the past three years and 20.20% in the last 5 years. The HDFC Mid Cap Fund Direct-Growth comes under the Equity category of HDFC Mutual Fund.

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

Min Investment Amt

₹ 100.00

AUM

₹ 1,00,858.00Cr

1Y Returns

4.76%

Expense Ratio

0.75%

Kotak Midcap Fund Direct-Growth

Fund Performance: Kotak Midcap Fund Direct-Growth has given 20.86% annualized returns in the past three years and 18.47% in the last 5 years. The Kotak Midcap Fund Direct-Growth comes under the Equity category of Kotak Mahindra Mutual Fund.

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

Min Investment Amt

₹ 100.00

AUM

₹ 67,611.00Cr

1Y Returns

7.80%

Expense Ratio

0.50%

Nippon India Growth Mid Cap Fund Direct-Growth

Fund Performance: Nippon India Growth Mid Cap Fund Direct-Growth has given 22.09% annualized returns in the past three years and 20.00% in the last 5 years. The Nippon India Growth Mid Cap Fund Direct-Growth 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-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 49,169.10Cr

1Y Returns

7.47%

Expense Ratio

0.82%

Motilal Oswal Midcap Fund Direct-Growth

Fund Performance: Motilal Oswal Midcap Fund Direct-Growth has given 19.81% annualized returns in the past three years and 23.14% in the last 5 years. The Motilal Oswal Midcap Fund Direct-Growth 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-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 500.00

AUM

₹ 37,473.90Cr

1Y Returns

-3.38%

Expense Ratio

0.94%

Axis Midcap Direct Plan-Growth

Fund Performance: Axis Midcap Direct Plan-Growth has given 18.08% annualized returns in the past three years and 15.12% in the last 5 years. The Axis Midcap Direct Plan-Growth comes under the Equity category of Axis Mutual Fund.

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

Min Investment Amt

₹ 100.00

AUM

₹ 33,803.00Cr

1Y Returns

6.25%

Expense Ratio

0.82%

SBI Mid Cap Direct Plan-Growth

Fund Performance: SBI Mid Cap Direct Plan-Growth has given 13.39% annualized returns in the past three years and 15.23% in the last 5 years. The SBI Mid Cap Direct Plan-Growth comes under the Equity category of SBI Mutual Fund.

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

Min Investment Amt

₹ 5,000.00

AUM

₹ 24,126.70Cr

1Y Returns

2.03%

Expense Ratio

1.01%

DSP Midcap Direct Plan-Growth

Fund Performance: DSP Midcap Direct Plan-Growth has given 18.02% annualized returns in the past three years and 12.92% in the last 5 years. The DSP Midcap Direct Plan-Growth comes under the Equity category of DSP Mutual Fund.

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

Min Investment Amt

₹ 100.00

AUM

₹ 20,170.30Cr

1Y Returns

4.28%

Expense Ratio

0.81%

Mirae Asset Midcap Fund Direct-Growth

Fund Performance: Mirae Asset Midcap Fund Direct-Growth has given 19.31% annualized returns in the past three years and 17.08% in the last 5 years. The Mirae Asset Midcap Fund Direct-Growth 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-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 99.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 19,542.60Cr

1Y Returns

9.48%

Expense Ratio

0.90%

Edelweiss Mid Cap Direct Plan-Growth

Fund Performance: Edelweiss Mid Cap Direct Plan-Growth has given 23.66% annualized returns in the past three years and 19.58% in the last 5 years. The Edelweiss Mid Cap Direct Plan-Growth comes under the Equity category of Edelweiss Mutual Fund.

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

Min Investment Amt

₹ 100.00

AUM

₹ 17,748.30Cr

1Y Returns

6.61%

Expense Ratio

0.72%

HSBC Midcap Fund Direct-Growth

Fund Performance: HSBC Midcap Fund Direct-Growth has given 25.87% annualized returns in the past three years and 19.19% in the last 5 years. The HSBC Midcap Fund Direct-Growth comes under the Equity category of HSBC Mutual Fund.

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

Min Investment Amt

₹ 5,000.00

AUM

₹ 15,351.90Cr

1Y Returns

16.94%

Expense Ratio

1.23%

Sundaram Mid Cap Fund Direct-Growth

Fund Performance: Sundaram Mid Cap Fund Direct-Growth has given 21.73% annualized returns in the past three years and 18.73% in the last 5 years. The Sundaram Mid Cap Fund Direct-Growth comes under the Equity category of Sundaram Mutual Fund.

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

Min Investment Amt

₹ 100.00

AUM

₹ 14,026.10Cr

1Y Returns

7.30%

Expense Ratio

1.05%

Invesco India Mid Cap Fund Direct-Growth

Fund Performance: Invesco India Mid Cap Fund Direct-Growth has given 26.06% annualized returns in the past three years and 20.94% in the last 5 years. The Invesco India Mid Cap Fund Direct-Growth 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-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 13,766.90Cr

1Y Returns

9.27%

Expense Ratio

0.75%

Franklin India Mid Cap Fund Direct-Growth

Fund Performance: Franklin India Mid Cap Fund Direct-Growth has given 18.63% annualized returns in the past three years and 15.42% in the last 5 years. The Franklin India Mid Cap Fund Direct-Growth 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-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 12,489.70Cr

1Y Returns

0.76%

Expense Ratio

1.08%

UTI Mid Cap Fund Direct-Growth

Fund Performance: UTI Mid Cap Fund Direct-Growth has given 13.83% annualized returns in the past three years and 13.42% in the last 5 years. The UTI Mid Cap Fund Direct-Growth comes under the Equity category of UTI Mutual Fund.

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

Min Investment Amt

₹ 5,000.00

AUM

₹ 12,122.30Cr

1Y Returns

1.19%

Expense Ratio

1.07%

PGIM India Midcap Fund Direct-Growth

Fund Performance: PGIM India Midcap Fund Direct-Growth has given 12.64% annualized returns in the past three years and 12.90% in the last 5 years. The PGIM India Midcap Fund Direct-Growth 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-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 10,981.50Cr

1Y Returns

0.47%

Expense Ratio

0.77%