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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.
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NAV (Rs.)
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AUM (Cr.)
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Returns Since
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Returns
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Past
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 CAGR
Fund DeciZen
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Q
Mahindra Manulife Mid Cap Fund(G)-Direct Plan
42.26 5,186
18.2
30 Jan' 18
12
19.64
17.21
N/A
22.53
25.47
24.79
N/A
 cagr
25
Q
ITI Mid Cap Fund(G)-Direct Plan
26.12 1,480
19.1
05 Mar' 21
10.95
20.07
15.08
N/A
20.71
25.15
17.51
N/A
 cagr
25
Q
Edelweiss Mid Cap Fund(G)-Direct Plan
129.99 18,693
21.4
01 Jan' 13
9.2
21.55
17.96
17.45
22.30
21.35
20.83
20.67
 cagr
21
Q
Kotak Mid Cap Fund(G)-Direct Plan
171.80 69,283
20.2
01 Jan' 13
7.2
18.63
16.61
16.42
21.18
21.15
20.62
20.54
 cagr
21
Q
HDFC Mid Cap Fund(G)-Direct Plan
234.58 1,05,143
20.2
01 Jan' 13
8.67
18.8
19.7
16.31
21.05
20.47
19.54
19.45
 cagr
20
Q
Edelweiss Mid Cap Fund-Reg(G)
109.80 18,693
13.7
26 Dec' 07
9.2
21.55
17.96
17.45
20.74
19.82
20.19
18.59
 cagr
20
Q
HDFC Mid Cap Fund-Reg(G)
211.56 1,05,143
17.2
25 Jun' 07
8.67
18.8
19.7
16.31
20.13
19.52
19.52
18.64
 cagr
20
Q
Mirae Asset Midcap Fund(G)-Direct Plan
44.55 20,268
23.4
29 Jul' 19
11.79
17.09
15.55
N/A
27.43
24.77
24.95
N/A
 cagr
25
Q
Union Midcap Fund(G)-Direct Plan
57.86 1,893
31.2
23 Mar' 20
9.53
16.83
15.08
N/A
27.87
24.19
23.74
N/A
 cagr
24
Q
Mahindra Manulife Mid Cap Fund-Reg(G)
36.77 5,186
16.3
30 Jan' 18
12
19.64
17.21
N/A
20.59
23.47
22.80
N/A
 cagr
23
Q
Mirae Asset Midcap Fund-Reg(G)
40.68 20,268
21.8
29 Jul' 19
11.79
17.09
15.55
N/A
25.82
23.24
23.41
N/A
 cagr
23
Q
ITI Mid Cap Fund-Reg(G)
23.49 1,480
16.8
05 Mar' 21
10.95
20.07
15.08
N/A
18.44
22.79
15.29
N/A
 cagr
23
Q
Union Midcap Fund-Reg(G)
52.97 1,893
29.5
23 Mar' 20
9.53
16.83
15.08
N/A
26.11
22.41
22.00
N/A
 cagr
22
Q
Invesco India Midcap Fund(G)-Direct Plan
242.94 14,721
21.1
01 Jan' 13
10.22
24.06
19.19
18.14
21.59
20.79
20.28
20.17
 cagr
21
Q
Motilal Oswal Midcap Fund(G)-Direct Plan
120.59 40,036
22
24 Feb' 14
-1.65
19.19
21.68
16.42
20.52
20.50
19.54
19.35
 cagr
21
Q
Nippon India Growth Mid Cap Fund(G)-Direct Pla...
4987.37 50,751
18.2
01 Jan' 13
9.7
20.45
18.87
17.21
21.46
20.02
19.24
19.08
 cagr
20
Q
Kotak Mid Cap Fund-Reg(G)
146.75 69,283
14.8
30 Mar' 07
7.2
18.63
16.61
16.42
19.71
19.65
19.99
17.89
 cagr
20
Q
Quant Mid Cap Fund(G)-Direct Plan
249.94 8,107
16.6
07 Jan' 13
3.93
12.56
15.05
17.69
20.87
19.65
19.53
19.08
 cagr
20
Q
HSBC Midcap Fund(G)-Direct Plan
544.95 15,578
20.4
01 Jan' 13
17.83
23.19
17.89
14.47
20.23
19.34
18.23
18.22
 cagr
19
Q
Nippon India Growth Mid Cap Fund(G)
4512.68 50,751
21.8
08 Oct' 95
9.7
20.45
18.87
17.21
20.54
19.13
18.36
15.61
 cagr
19
Q
Motilal Oswal Midcap Fund-Reg(G)
104.33 40,036
20.6
24 Feb' 14
-1.65
19.19
21.68
16.42
19.12
19.08
18.12
17.93
 cagr
19
Q
Invesco India Midcap Fund-Reg(G)
199.49 14,721
16.7
19 Apr' 07
10.22
24.06
19.19
18.14
19.83
18.97
19.14
18.10
 cagr
19
Q
Tata Mid Cap Fund(G)-Direct Plan
534.26 6,056
19.1
01 Jan' 13
7.55
15.94
15.16
14.85
19.21
18.93
18.64
18.54
 cagr
19
Q
Axis Midcap Fund(G)-Direct Plan
144.13 34,404
18.8
01 Jan' 13
7.11
16.54
13.68
16.53
19.25
18.88
19.28
19.13
 cagr
19
Q
Baroda BNP Paribas Mid Cap Fund(G)-Direct Plan
135.50 2,584
19.1
02 Jan' 13
11.06
17.66
14.79
14.37
19.28
18.81
18.32
18.25
 cagr
19
Q
ICICI Pru Mid Cap Fund(G)-Direct Plan
391.79 7,954
19.5
01 Jan' 13
14.01
21.81
17.12
15.53
20.20
18.57
18.04
17.92
 cagr
19
Q
Quant Mid Cap Fund(G)
220.20 8,107
12.9
26 Feb' 01
3.93
12.56
15.05
17.69
19.39
18.33
17.34
13.34
 cagr
18
Q
PGIM India Midcap Fund(G)-Direct Plan
77.80 11,071
17.4
02 Dec' 13
1.2
11.2
10.85
14.74
19.79
18.19
18.75
17.74
 cagr
18
Q
HSBC Midcap Fund-Reg(G)
476.43 15,578
19.1
09 Aug' 04
17.83
23.19
17.89
14.47
18.98
18.12
18.37
17.34
 cagr
18
Q
SBI Midcap Fund(G)-Direct Plan
274.03 24,354
18.2
01 Jan' 13
5.04
11.92
14.1
13.46
17.66
18.07
17.86
17.70
 cagr
18
Q
Sundaram Mid Cap Fund(G)-Direct Plan
1659.61 14,504
17.9
02 Jan' 13
9.97
20.33
17.87
13.47
18.19
17.78
16.55
16.48
 cagr
18
Q
Franklin India Mid Cap Fund(G)-Direct Plan
3227.00 12,871
18.1
01 Jan' 13
2.85
16.81
14.49
13.34
17.73
17.75
17.04
16.96
 cagr
18
Q
Tata Mid Cap Fund-Reg(G)
463.53 6,056
12.7
01 Jul' 94
7.55
15.94
15.16
14.85
17.89
17.65
18.24
16.78
 cagr
18
Q
ICICI Pru Mid Cap Fund(G)
346.55 7,954
17.6
28 Oct' 04
14.01
21.81
17.12
15.53
19.09
17.46
17.88
15.93
 cagr
17
Q
Axis Midcap Fund-Reg(G)
122.62 34,404
17.5
18 Feb' 11
7.11
16.54
13.68
16.53
17.85
17.45
18.36
18.03
 cagr
17
Q
DSP Midcap Fund(G)-Direct Plan
175.78 20,523
17
01 Jan' 13
5.36
15.46
11.85
12.72
17.37
17.40
16.93
16.90
 cagr
17
Q
UTI Mid Cap Fund(G)-Direct Plan
359.51 12,795
18.2
01 Jan' 13
9.51
12.72
12.45
13.82
17.23
17.36
17.39
17.27
 cagr
17
Q
Baroda BNP Paribas Mid Cap Fund-Reg(G)
112.00 2,584
12.6
02 May' 06
11.06
17.66
14.79
14.37
17.51
17.06
17.76
16.74
 cagr
17
Q
Taurus Mid Cap Fund(G)-Direct Plan
136.73 135
16.1
01 Jan' 13
4.38
11.04
12.12
13.18
16.95
17.04
16.81
16.76
 cagr
17
Q
SBI Midcap Fund-Reg(G)
242.27 24,354
16
29 Mar' 05
5.04
11.92
14.1
13.46
16.56
16.95
18.18
16.42
 cagr
17
Q
Sundaram Mid Cap Fund-Reg(G)
1505.73 14,504
23.1
30 Jul' 02
9.97
20.33
17.87
13.47
17.29
16.91
16.99
16.20
 cagr
17
Q
Franklin India Mid Cap Fund(G)
2845.56 12,871
18.8
01 Dec' 93
2.85
16.81
14.49
13.34
16.70
16.67
17.31
16.85
 cagr
17
Q
Aditya Birla SL Midcap Fund(G)-Direct Plan
964.46 6,723
16.5
01 Jan' 13
7.24
16.17
14.35
11.96
17.23
16.63
15.76
15.66
 cagr
17
Q
PGIM India Midcap Fund-Reg(G)
66.27 11,071
16
02 Dec' 13
1.2
11.2
10.85
14.74
18.04
16.54
17.02
16.07
 cagr
17
Q
Taurus Mid Cap Fund-Reg(G)
128.85 135
8.3
05 Sep' 94
4.38
11.04
12.12
13.18
16.47
16.54
17.14
14.97
 cagr
17
Q
DSP Midcap Fund-Reg(G)
156.43 20,523
14.9
14 Nov' 06
5.36
15.46
11.85
12.72
16.30
16.36
16.97
16.78
 cagr
16
Q
UTI Mid Cap Fund-Reg(G)
319.69 12,795
15.3
30 Jul' 05
9.51
12.72
12.45
13.82
16.16
16.30
17.63
16.95
 cagr
16
Q
LIC MF Midcap Fund(G)-Direct Plan
35.52 376
14.1
25 Jan' 17
4.91
16.54
12.81
11.5
15.42
16.26
16.63
13.09
 cagr
16
Q
Aditya Birla SL Midcap Fund(G)
857.74 6,723
20.4
03 Oct' 02
7.24
16.17
14.35
11.96
16.19
15.60
15.78
14.49
 cagr
16
Q
LIC MF Midcap Fund-Reg(G)
31.38 376
12.6
25 Jan' 17
4.91
16.54
12.81
11.5
14.06
15.03
15.42
11.69
 cagr
15
Q
Prev 1

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

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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