Mid Cap Funds Compared
Every mid cap mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty Midcap 150, ranked by a stated measure, from AMFI NAVs.
As of 30 Sep 2026, there are 28 mid cap funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 14.5% a year, against 14.5% for the Nifty Midcap 150 index; 12 of 21 beat it. The highest 5-year return was Invesco India Mid Cap Fund at 18.7% a year.
All mid cap funds, ranked by 5-year return
| # | Fund | 1y | 3y | 5y | 10y | 5y regular | 5y SIP XIRR | Expense ratio (direct) | Beat index (rolling 3y) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Invesco India Mid Cap Fund | 8.4% | 22.2% | 18.7% | 19.1% | 17.2% | 20.1% | 0.78% | 27/50 |
| 2 | HDFC Mid Cap Fund | 4.2% | 15.4% | 17.7% | 16.8% | 16.9% | 16.4% | 0.76% | 48/50 |
| 3 | Edelweiss Mid Cap Fund | 6.3% | 19.4% | 17.5% | — | 15.8% | 17.5% | 0.68% | 48/50 |
| 4 | Nippon India Growth Mid Cap Fund | 6.3% | 16.9% | 17.0% | 17.8% | 16.1% | 17.0% | 0.80% | 49/50 |
| 5 | Mahindra Manulife Mid Cap Fund | 7.1% | 15.8% | 16.5% | — | 14.8% | 16.0% | 0.75% | 39/50 |
| 6 | ICICI Prudential Mid Cap Fund | 12.9% | 20.0% | 16.2% | 16.6% | 15.3% | 17.6% | 1.11% | 12/50 |
| 7 | Sundaram Mid Cap Fund | 4.4% | 16.5% | 15.9% | 14.1% | 14.9% | 15.8% | 1.05% | 27/50 |
| 8 | Kotak Mid Cap Fund | 2.5% | 15.7% | 15.5% | 17.3% | 14.2% | 14.9% | 0.54% | 23/50 |
| 9 | ITI Mid Cap Fund | 9.6% | 18.5% | 15.4% | — | 13.2% | 17.0% | 0.91% | 28/32 |
| 10 | Quant Mid Cap Fund | 5.3% | 9.8% | 15.1% | 18.0% | 13.4% | 11.1% | 1.19% | 30/50 |
| 11 | Mirae Asset Midcap Fund | 6.9% | 14.3% | 14.5% | — | 13.2% | 14.6% | 0.97% | 18/50 |
| 12 | Union Midcap Fund | 8.1% | 15.7% | 14.5% | — | 12.9% | 15.1% | 1.11% | 9/44 |
| 13 | Tata Mid Cap Fund | 4.8% | 13.5% | 14.3% | 16.0% | 12.9% | 13.7% | 0.86% | 3/50 |
| 14 | Aditya Birla Sun Life Midcap Fund | 6.7% | 13.6% | 13.1% | 13.2% | 12.1% | 13.4% | 1.23% | 1/50 |
| 15 | SBI Midcap Fund | 3.7% | 9.5% | 12.7% | 13.7% | 11.8% | 10.3% | 1.02% | 15/50 |
| 16 | Franklin India Mid Cap Fund | 0.8% | 14.2% | 12.5% | 14.0% | 11.6% | 12.9% | 1.13% | 10/50 |
| 17 | Axis Midcap Fund | 6.0% | 15.4% | 12.5% | 17.2% | 11.2% | 13.6% | 0.84% | 3/50 |
| 18 | Taurus Mid Cap Fund | 6.3% | 9.4% | 11.7% | 14.4% | 11.3% | 11.8% | 2.36% | 0/50 |
| 19 | UTI - Mid Cap Fund | 2.8% | 10.7% | 11.1% | 13.6% | 10.1% | 10.7% | 1.26% | 5/50 |
| 20 | DSP Midcap Fund | 2.0% | 12.7% | 10.8% | 13.9% | 9.7% | 12.0% | 0.84% | 0/50 |
| 21 | PGIM India Midcap Fund | 0.7% | 10.8% | 10.0% | 15.8% | 8.5% | 9.5% | 0.74% | 12/50 |
| — | Bandhan Mid Cap Fund | 9.6% | 17.1% | — | — | — | — | 0.76% | 6/15 |
| — | Baroda BNP Paribas Mid Cap Fund | 7.8% | 15.3% | — | — | — | — | 0.78% | 6/20 |
| — | Canara Robeco Mid Cap Fund | 6.1% | 16.2% | — | — | — | — | 0.86% | — |
| — | HSBC Midcap Fund | 17.9% | 22.2% | — | — | — | — | 1.15% | 12/12 |
| — | JM Mid Cap Fund | 9.9% | 18.0% | — | — | — | — | 0.95% | 12/12 |
| — | LIC MF Mid Cap Fund | 5.3% | 14.8% | — | — | — | — | 1.77% | — |
| — | WhiteOak Capital Mid Cap Fund | 12.3% | 20.3% | — | — | — | — | 0.95% | 14/14 |
Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.
How many mid cap funds beat the Nifty Midcap 150?
12 of the 21 funds with 5 years of history beat the Nifty Midcap 150 index (through a low-cost index fund) over 5 years. Compare any one fund with its index over every 3-year stretch on the mutual fund vs index fund page.
Key takeaways
Frequently asked questions
Which mid cap fund has given the highest returns?
Over the 5 years to 30 Sep 2026, Invesco India Mid Cap Fund (direct plan) at 18.7% a year. Past returns do not predict future ones.
What is the average return of mid cap funds?
The median direct plan returned 14.5% a year over 5 years to 30 Sep 2026.
Do mid cap funds beat the index?
12 of 21 did over 5 years, before tax; an index fund is the low-cost alternative.