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Best Mid Cap Mutual Funds 2026

Mid cap funds invest in mid-sized companies according to average market capitalisation (Rs. 500 crore to Rs. 10000 crore). Minimum investment in Equity & Equity-related instruments of Mid-Cap companies is 65% of total assets.
Compare Funds
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Fund Name
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NAV (Rs.)
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AUM (Cr.)
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Returns Since
inception (%)
Returns
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Past
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Avg Rolling
 CAGR
Fund DeciZen
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P(%)
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Q
Mahindra Manulife Mid Cap Fund(G)-Direct Plan
38.80 4,099
17.9
30 Jan' 18
1.78
21.27
17.87
N/A
23.01
25.74
25.43
N/A
 cagr
26
Q
ITI Mid Cap Fund(G)-Direct Plan
23.74 1,184
18.4
05 Mar' 21
-0.05
20.08
13.98
N/A
21.49
25.60
17.49
N/A
 cagr
26
Q
Edelweiss Mid Cap Fund(G)-Direct Plan
119.86 13,554
21.3
01 Jan' 13
2.45
21.79
18.48
16.6
21.99
21.84
20.87
20.80
 cagr
22
Q
Kotak Midcap Fund(G)-Direct Plan
158.95 55,676
20.1
01 Jan' 13
3.24
17.98
16.28
14.83
21.33
21.90
20.74
20.80
 cagr
22
Q
HDFC Mid Cap Fund(G)-Direct Plan
218.21 85,358
20.2
01 Jan' 13
3.9
21.81
19.68
15.37
21.09
21.09
19.50
19.65
 cagr
21
Q
Mirae Asset Midcap Fund(G)-Direct Plan
39.90 16,194
22.9
29 Jul' 19
4.88
17.25
15.37
N/A
28.45
25.41
26.74
N/A
 cagr
25
Q
Union Midcap Fund(G)-Direct Plan
52.29 1,498
31.2
23 Mar' 20
2.76
17.96
15.58
N/A
29.14
24.85
26.05
N/A
 cagr
25
Q
Invesco India Midcap Fund(G)-Direct Plan
214.36 9,895
20.6
01 Jan' 13
2.31
22.34
17.69
15.93
21.28
21.13
20.24
20.20
 cagr
21
Q
Motilal Oswal Midcap Fund(G)-Direct Plan
106.38 31,047
21.4
24 Feb' 14
-12.87
17.78
19.96
14.3
20.85
20.54
19.36
19.55
 cagr
21
Q
Nippon India Growth Mid Cap Fund(G)-Direct Pla...
4711.36 39,676
18.2
01 Jan' 13
2.78
22.33
19.54
16.45
21.13
20.16
19.18
19.14
 cagr
20
Q
HSBC Midcap Fund(G)-Direct Plan
465.68 11,342
19.6
01 Jan' 13
7.53
21.63
15.75
13.43
19.58
19.72
18.14
18.39
 cagr
20
Q
Tata Mid Cap Fund(G)-Direct Plan
504.67 4,993
19.1
01 Jan' 13
1.94
18.17
15.15
14.15
18.86
19.60
18.73
18.74
 cagr
20
Q
Quant Mid Cap Fund(G)-Direct Plan
233.32 7,002
16.5
07 Jan' 13
-7.73
13.82
17.11
16.32
20.56
19.59
19.63
19.05
 cagr
20
Q
Baroda BNP Paribas Mid Cap Fund(G)-Direct Plan
126.43 2,129
19
02 Jan' 13
3.72
18.24
15.41
13.71
19.05
19.39
18.38
18.44
 cagr
19
Q
Axis Midcap Fund(G)-Direct Plan
132.41 28,835
18.6
01 Jan' 13
1.33
16.84
13.44
15.61
18.85
19.38
19.50
19.23
 cagr
19
Q
SBI Midcap Fund(G)-Direct Plan
258.99 20,576
18.3
01 Jan' 13
-5.33
13.28
14.01
12.14
17.95
19.19
17.99
17.99
 cagr
19
Q
ICICI Pru Midcap Fund(G)-Direct Plan
364.49 6,569
19.5
01 Jan' 13
11.1
22.28
17.78
14.25
19.53
19.06
18.00
18.01
 cagr
19
Q
Franklin India Mid Cap Fund(G)-Direct Plan
3001.92 10,899
18
01 Jan' 13
-4.64
17.46
13.8
12.04
18.06
18.48
17.13
17.21
 cagr
18
Q
PGIM India Midcap Fund(G)-Direct Plan
72.40 9,681
17.3
02 Dec' 13
-3.77
10.27
12.32
13.27
19.64
18.42
19.09
17.87
 cagr
18
Q
UTI Mid Cap Fund(G)-Direct Plan
330.54 10,482
18.1
01 Jan' 13
-0.76
14.31
12.53
12.1
17.27
18.41
17.58
17.53
 cagr
18
Q
Sundaram Mid Cap Fund(G)-Direct Plan
1540.61 11,898
17.8
02 Jan' 13
2.68
21.57
17.16
12.46
18.18
18.36
16.44
16.67
 cagr
18
Q
DSP Midcap Fund(G)-Direct Plan
164.83 17,492
17
01 Jan' 13
1.87
17.36
11.76
11.66
17.55
18.15
17.13
17.18
 cagr
18
Q
Taurus Mid Cap Fund(G)-Direct Plan
122.07 109
15.6
01 Jan' 13
-4.9
12.55
10.97
11.98
16.96
17.79
17.03
17.06
 cagr
18
Q
Aditya Birla SL Midcap Fund(G)-Direct Plan
875.39 5,493
16.1
01 Jan' 13
-2.13
17.02
14.59
10.81
17.16
17.21
15.75
15.90
 cagr
17
Q
LIC MF Midcap Fund(G)-Direct Plan
31.90 301
13.4
25 Jan' 17
-5.03
16.69
11.98
10.14
15.81
16.12
16.84
12.86
 cagr
16
Q
WOC Mid Cap Fund(G)-Direct Plan
20.92 4,491
22.7
07 Sep' 22
5.4
22.78
N/A
N/A
29.02
26.97
N/A
N/A
 cagr
27
Q
JM Midcap Fund(G)-Direct Plan
19.73 1,020
22.1
21 Nov' 22
-3.3
19.59
N/A
N/A
28.86
24.97
N/A
N/A
 cagr
25
Q
Bandhan Midcap Fund(G)-Direct Plan
18.18 1,841
17.7
18 Aug' 22
0.91
17.13
N/A
N/A
24.33
21.83
N/A
N/A
 cagr
22
Q
Canara Rob Mid Cap Fund(G)-Direct Plan
17.97 3,880
19
02 Dec' 22
2.55
16.42
N/A
N/A
24.02
21.17
N/A
N/A
 cagr
21
Q
iSIF Equity Ex-Top 100 Long-Short Fund(G)-Dire...
9.81 1,224
0
04 Feb' 26
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
 cagr
N/A
Q
Qsif Equity Ex-Top 100 Long-Short Fund(G)-Dire...
9.55 188
0
12 Nov' 25
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
 cagr
N/A
Q
TRUSTMF Mid Cap Fund(G)-Direct Plan
10.62 142
119
20 Mar' 26
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
 cagr
N/A
Q
Samco Mid Cap Fund(G)-Direct Plan
9.70 66
-15.5
10 Feb' 26
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
 cagr
N/A
Q
Bank of India Mid Cap Fund(G)-Direct Plan
9.93 638
-1.1
22 Aug' 25
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
 cagr
N/A
Q
Helios Mid Cap Fund(G)-Direct Plan
12.27 1,137
20.5
13 Mar' 25
5.03
N/A
N/A
N/A
10.89
N/A
N/A
N/A
 cagr
N/A
Q

Categories:

Flexi Cap Funds Large Cap Funds Mid Cap Funds Small Cap Funds Multi Cap Funds Large & Mid Cap Funds Tax Saver Funds Index Funds ETF Funds Nifty Midcap 50 Nifty Midcap Select Nifty Midcap 100 Nifty Smallcap 250 Nifty Smallcap 50 NIFTY Smallcap 100 Nifty Microcap 250 Nifty Largemidcap 250 Nifty500 Multicap 50:25:25

Fund House (AMC):

Aditya Birla Axis BNP Paribas DSP Franklin HDFC ICICI Bandhan Invesco Kotak L&T Mirae Motilal PPFAS Quantum Nippon SBI Sundaram Tata UTI NAVI

FAQs

Mid cap funds invest a major percentage of their AUM in mid-sized companies according to average market capitalisation (Rs. 500 crore to Rs. 10000 crore). Minimum investment in Equity & Equity-related instruments of Mid-Cap companies is 65% of total assets.

The process of choosing best mid cap funds for investment does not entirely differ from that involved in choosing other stocks. Finding a good Mutual Fund to invest in requires you to answer 3 essential questions:
  1. What is the Right Fund? – Check quality of Holdings, consistency of returns,
  2. What is the Right Time to buy? – Check portfolio valuation and fund manager investment strategy
  3. What is the Right Allocation? – Check if the fund suits your risk profile

Read our blog , 'If not past returns, then how do you select the right Equity Mutual Fund to invest in?' for details

Fund Name AUM (Cr.) Returns Since inception 5 Yr Avg Rolling Quality Performance
HDFC Mid-Cap Opportunities Fund 21,817 14.2 18.96 Somewhat Good Very Good
Axis Midcap Fund 6,949 16.9 17.7 Very Good Not Good
Invesco India Midcap Fund 1,009 13.7 17.44 Somewhat Good Somewhat Good
DSP Midcap Fund 8,407 14.4 16.86 Very Good Very Good
Sundaram Mid Cap Fund 5,243 23.3 16.47 Somewhat Good Somewhat Good

Mid-sized companies faster growth rates than large-caps, but are also more risky. Risk comes from being unable to maintain the high growth rates consistently and leverage taken to support such growth. As a result, they are also more risky and volatile than large cap funds. However, as mid cap companies perform better during a bull run they deliver astonishing returns, sometimes even outperforming large cap funds.

Every fund is assessed on the following:
  1. Consistent Outperformers : Track record of having generated returns above a benchmark on a 3-year rolling basis. Consistent performers are Green, followed by Orange. Red have an inconsistent track record on outperforming the index.
  2. The average 3-year rolling returns number appears in the first button.
  3. Quality of Portfolio is assessed based on the quality of each stock held. Predominantly high quality stocks get a Green second button, followed by Orange and Red (large amount of risky stocks).
  4. Upside Potential: Every fund is assessed on what returns it could deliver in the next 5 years based on it.

Select the fund that is Green on Performance which shows it has consistently outperformed the index. Select one with a high average 3-year rolling returns - the number in the first button. And select one with a Green rating on Quality-the second button.

Use the Funds Screener and select the category. It shows the funds with Green on Performance and Quality right on the top. The ones with the higher average 3-year rolling returns are ranked the highest. Funds with less than 5 years returns history are colored Grey on Performance. Since the track record is not for an adequately long period they feature lower in the list.

Build a well-diversified portfolio with funds that assures you of a stable growth through market and economic cycles and funds that enhance your portfolio returns over the long run.
  1. Core Funds: Choose from Large cap, Large and Mid cap and Flexicap funds.
  2. Booster Funds
    1. Choose from Mid and Small cap funds.
    2. Select a Sector or Thematic Fund that is likely to outperform in the long term.

Use the Fund Portfolio Analyzer, Sher-ya-Billi to check if your portfolio will deliver healthy returns or disappoint you. Go to Fund Portfolio Analyzer. You can also upload details of your funds in the Portfolio Manager and see the report on this page.

When adding a new fund check how different is the fund compared to your portfolio by using the link in the Right allocation box on the Fund Decision Maker.

Most investors have more, many more funds that they should-over diversified. This tends to reduce returns. Many investors have more of the same i.e. they have funds that have very similar portfolios and hence the fund portfolio is not well-diversified. Either there are too many large cap dominated funds or far too many mid and small cap funds. What you require is a good, balanced mix. Finally investors don't know when to exit a fund and end up carrying it even though the future upside potential is very low.
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