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Tuesday, 21 Jul 2026 · IST

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ProfitGuruOnline since 2007

SEBI sub-category

Mid Cap Fund funds

Funds

Direct plans only

Category 1Y avg

+6.29%

Category 5Y CAGR

+17.22%

Direct vs Regular

Direct Regular

5-Year return distribution

How the 34 Mid Cap Fund funds spread across return buckets. Taller bars = more funds in that band.

Risk vs Return — Mid Cap Fund

Each dot is a fund. Up-and-left = high return for low risk (the sweet spot). Down-and-right = under-performing with high volatility. Colour = 5-year peer quartile.

Q1 (top 25%) Q2 Q3 Q4 (bottom 25%) 24 funds plotted

All Mid Cap Fund funds

Sort by: 1Y 3Y 5Y 7Y 10Y

#	Scheme	NAV	1Y	3Y	5Y	7Y	10Y	Peer Q (5Y)	Sharpe	Max DD
1	Motilal Oswal Midcap Fund-Direct Plan-Growth Option Motilal Oswal	114.34	-3.38%	+19.98%	+23.10%	+24.18%	+18.01%	Q1	0.70	-28.9%
2	Invesco India Midcap Fund - Direct Plan - Growth Option Invesco	240.95	+9.27%	+26.18%	+21.06%	+24.96%	+20.36%	Q1	1.02	-20.1%
3	HDFC Mid Cap Fund - Growth Option - Direct Plan HDFC	229.60	+4.76%	+20.02%	+20.37%	+22.92%	+18.42%	Q1	0.88	-16.8%
4	Nippon India Growth Mid Cap Fund - Direct Plan Growth Plan - Bonus Option Nippon India	825.35	+7.47%	+22.21%	+20.11%	+23.60%	+19.22%	Q1	0.91	-19.9%
5	Nippon India Growth Mid Cap Fund - Direct Plan Growth Plan - Growth Option Nippon India	4,967.88	+7.47%	+22.21%	+20.11%	+23.60%	+19.22%	Q1	0.91	-19.9%
6	Edelweiss Mid Cap Fund - Direct Plan - Growth Option Edelweiss	127.87	+6.61%	+23.71%	+19.72%	+24.89%	—	Q1	0.99	-20.1%
7	Mahindra Manulife Mid Cap Fund - Direct Plan -Growth Mahindra Manulife	41.92	+9.64%	+22.67%	+19.72%	+24.30%	—	Q2	1.03	-20.9%
8	Kotak Midcap Fund - Direct Plan - Growth Kotak	171.83	+8.07%	+20.91%	+18.86%	+23.29%	+18.74%	Q2	0.95	-20.9%
9	Sundaram Mid Cap Fund Direct Plan - Growth Sundaram	1,644.47	+7.30%	+21.86%	+18.82%	+20.12%	+15.76%	Q2	0.92	-20.7%
10	ICICI Prudential MidCap Fund - Direct Plan - Growth ICICI Prudential	381.97	+11.43%	+23.92%	+18.16%	+21.56%	+17.58%	Q2	0.98	-21.3%
11	quant Mid Cap Fund - Growth Option - Direct Plan Quant	255.16	+3.52%	+15.81%	+17.77%	+25.13%	+18.68%	Q2	0.61	-26.0%
12	Mirae Asset Midcap Fund- Direct Growth Option Mirae Asset	43.78	+9.48%	+19.45%	+17.23%	+23.58%	—	Q2	0.77	-22.5%
13	ITI Mid Cap Fund - Direct Plan - Growth Option ITI	25.60	+8.98%	+22.92%	+17.16%	—	—	Q3	0.92	-22.3%
14	Tata Mid Cap Fund - Direct Plan- Growth Option Tata	536.43	+6.49%	+19.23%	+17.12%	+21.14%	+17.46%	Q3	0.83	-21.2%
15	Union Midcap Fund - Direct Plan - Growth Option Union	56.68	+9.14%	+19.23%	+16.87%	—	—	Q3	0.79	-21.3%
16	Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan Aditya Birla Sun Life	946.00	+5.28%	+18.37%	+16.01%	+18.50%	+14.65%	Q3	0.72	-21.9%
17	Franklin India Mid Cap Fund - Direct - Growth Franklin India	3,197.64	+0.84%	+18.67%	+15.85%	+18.50%	+15.18%	Q3	0.80	-18.3%
18	SBI MIDCAP FUND - DIRECT PLAN - GROWTH SBI	276.38	+2.03%	+13.50%	+15.34%	+21.01%	+14.96%	Q3	0.51	-17.9%
19	Axis Midcap Fund - Direct Plan - Growth Axis	141.62	+6.25%	+18.14%	+15.23%	+20.50%	+18.12%	Q4	0.77	-19.5%
20	UTI Mid Cap Fund-Growth Option- Direct UTI	347.71	+1.19%	+13.91%	+13.51%	+19.61%	+14.79%	Q4	0.49	-22.7%
21	NIPPON INDIA GROWTH MID CAP FUND - DIRECT Plan - IDCW Option Nippon India	192.70	-0.34%	+13.86%	+13.11%	+14.89%	+10.15%	Q4	0.43	-24.7%
22	DSP Midcap Fund - Direct Plan - Growth DSP	173.30	+4.28%	+17.89%	+13.07%	+17.86%	+15.24%	Q4	0.70	-21.2%
23	PGIM India Midcap Fund - Direct Plan - Growth Option PGIM India	77.10	+0.47%	+12.73%	+13.05%	+23.16%	+17.07%	Q4	0.44	-19.1%
24	Taurus Mid Cap Fund - Direct Plan - Growth Taurus	132.08	-2.81%	+11.78%	+11.85%	+17.66%	+14.73%	Q4	0.36	-23.9%
25	BANDHAN MIDCAP FUND - GROWTH - DIRECT PLAN Bandhan	19.80	+7.55%	+19.84%	—	—	—	—	0.77	-22.7%
26	Bank of India Mid Cap Fund - Direct Plan Growth Bank of India	10.43	+4.51%	—	—	—	—	—	—	—
27	BARODA BNP PARIBAS Mid Cap Fund - Direct Plan - Growth Option Baroda BNP Paribas	135.05	+11.46%	+20.32%	—	—	—	—	0.92	-18.6%
28	Canara Robeco Mid Cap Fund- Direct Plan- Growth Option Canara Robeco	19.27	+6.58%	+19.47%	—	—	—	—	0.88	-21.2%
29	Helios Mid Cap Fund - Direct Plan - Growth Option Helios	13.95	+13.65%	—	—	—	—	—	—	—
30	HSBC Midcap Fund - Direct Growth HSBC	519.55	+16.94%	+25.93%	—	—	—	—	0.96	-26.0%
31	JM Midcap Fund (Direct) - Growth —	22.27	+7.64%	+22.75%	—	—	—	—	0.89	-22.5%
32	LIC MF Mid Cap Fund-Direct Plan-Growth LIC	34.48	+2.69%	+17.49%	—	—	—	—	0.67	-21.5%
33	TRUSTMF MID CAP FUND -DIRECT -GROWTH —	11.88	—	—	—	—	—	—	—	—
34	WhiteOak Capital Mid Cap Fund Direct Plan Growth WhiteOak Capital	23.11	+12.99%	+24.25%	—	—	—	—	1.04	-19.3%

Direct plans typically outperform Regular plans by around 50 basis points per year because they carry no distributor commission. The "Peer Q (5Y)" column shows the fund's quartile within this category over the 5-year window: Q1 = top 25%.

Frequently asked questions

Generated from this category's live aggregates — average returns, fund counts, quartile spreads. Updated daily.

Mid Cap Funds invest at least 65% in companies ranked 101-250 by market cap. Higher growth potential than large caps, with materially more volatility and drawdowns.

We currently track 34 active Mid Cap Fund schemes (Direct plan, Growth option). The list updates daily after AMFI publishes new NAVs and SEBI re-classifies schemes. 6 of them sit in the top quartile by 5-year CAGR.

Over the last 5 years, the average Mid Cap Fund (Direct plan) has returned 17.22% CAGR — that turns ₹1 lakh into roughly ₹221,281. Over the last 12 months the category averaged 6.29%. Top-quartile funds in this category typically beat the average by 3-6 percentage points per year — fund selection within a category matters more than the category choice itself.

Over the trailing 5-year window, the highest-returning Mid Cap Fund in our database is **Motilal Oswal Midcap Fund-Direct Plan-Growth Option** (Motilal Oswal) with a CAGR of 23.10%. The category average is 17.22%. Past performance is no guarantee of future returns — top-quartile funds in one window often slip in the next.

The best 1-year return in the Mid Cap Fund category right now is **HSBC Midcap Fund - Direct Growth** (HSBC) at 16.94%. 1-year numbers are noisy and shouldn't be the sole basis for picking — cross-check rolling returns and 5-year CAGR before deciding.

Across all Mid Cap Fund schemes with 5 years of history, the 5-year CAGR ranges from 11.85% (worst) to 23.10% (best), with a median of 17.23%. That spread of about 11 percentage points between top and bottom is a useful gauge of how much fund selection matters in this category.

On ProfitGuruOnline you can browse either Mid Cap Fund Direct plans (lower expense ratio, no broker commission baked in) or Regular plans (sold through distributors). Use the filter on the category page. Direct typically outperforms Regular by 0.5-1% per year in the same scheme — meaningful over 10+ years.

Mid Cap Fund is classified as an Equity scheme. Held for 12 months or more: 12.5% LTCG on gains exceeding ₹1.25 lakh per FY per PAN. Held for under 12 months: 20% STCG. Rates updated by Budget 2024.

Yes. Equity categories like Mid Cap Fund are well-suited to SIP because the monthly drip averages out entry timing — you buy more units when NAVs are low. Over 7+ year horizons, SIP XIRRs typically end up within 1-2 pp of lump-sum, but with much less stress.

Mid Cap Fund schemes are best held 5+ years. Mid caps recover slower than large caps after corrections — short horizons amplify the risk of selling at a low.

High risk. Mid-cap drawdowns of 35-45% are normal in bear cycles. Less volatile than small cap, more than large cap.

Two or three schemes from different AMCs is usually enough for a single category. Beyond that you'd be re-creating the category average minus your selection cost. Focus on consistency (% of rolling-return windows that ended positive) over chasing top performers — top quartile rarely repeats.

Quarterly is plenty for monitoring NAVs and aggregate gain; annually (or after major regulatory changes like Budget 2024) is the right cadence for re-evaluating against alternatives. Don't churn based on 1-month or even 1-year underperformance — equity funds need 3-5 year horizons to fairly judge.

We rank funds within each category by point-to-point CAGR over the chosen window (1Y, 3Y, 5Y, 7Y, 10Y, since inception), then assign quartile and decile bands so any fund's standing relative to peers is one click away. Numbers are recomputed nightly after AMFI's NAV publish.

Daily NAVs are pulled directly from AMFI's published feed. Category classification uses SEBI's October-2017 mutual-fund categorisation circular. We compute returns, rolling-window stats, SIP backtests, drawdowns and Sharpe ratios in-house — no third-party feeds, no hidden adjustments.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.