Best Mid Cap Funds in India
29 mid cap funds in India, of which 20 meet the eligibility criteria, ranked on 5Y return. What compounds over 5–10 years?
Ranked on 5-year annualised return (CAGR), because the question is a 5–10 year one. Funds younger than 5 years are listed after those with a 5-year record. Past performance does not predict future returns.
Mid Cap Funds ranked by 5Y return
| # | Fund | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Motilal Oswal Midcap Fund-Direct Plan-Growth Option | +23.34% | +0.97% | +20.74% | +22.23% | 51% | -37.2% | ₹37,474 Cr | 0.94% |
| 2 | Invesco India Midcap Fund - Direct Plan - Growth OptionGold | +21.15% | +13.48% | +26.10% | +23.31% | 55% | -34.1% | ₹14,744 Cr | 0.77% |
| 3 | HDFC Mid Cap Fund - Growth Option - Direct PlanSilver | +20.87% | +12.62% | +20.37% | +23.25% | 54% | -39.5% | ₹1.01 Lakh Cr | 0.75% |
| 4 | Nippon India Growth Mid Cap Fund - Direct Plan Growth Plan - Growth OptionSilver | +20.13% | +13.00% | +21.53% | +22.25% | 51% | -35.3% | ₹49,169 Cr | 0.80% |
| 5 | Edelweiss Mid Cap Fund - Direct Plan - Growth OptionBronze | +19.91% | +11.74% | +23.55% | +26.15% | 71% | -39.2% | ₹17,748 Cr | 0.72% |
| 6 | Mahindra Manulife Mid Cap Fund - Direct Plan -GrowthSilver | +19.62% | +16.49% | +22.45% | +25.76% | 82% | -33.1% | ₹5,076 Cr | 0.75% |
| 7 | Sundaram Mid Cap Fund Direct Plan - GrowthBronze | +19.27% | +12.60% | +21.89% | +21.02% | 47% | -44.3% | ₹14,026 Cr | 1.05% |
| 8 | ICICI Prudential MidCap Fund - Direct Plan - GrowthSilver | +18.60% | +17.74% | +24.01% | +21.09% | 48% | -44.0% | ₹7,846 Cr | 1.12% |
| 9 | Kotak Midcap Fund - Direct Plan - Growth | +18.19% | +10.73% | +20.25% | +22.80% | 56% | -36.0% | ₹67,611 Cr | 0.51% |
| 10 | ITI Mid Cap Fund - Direct Plan - Growth OptionSilver | +17.68% | +15.68% | +23.18% | +25.40% | 97% | -22.7% | ₹1,446 Cr | 0.94% |
| 11 | quant Mid Cap Fund - Growth Option - Direct Plan | +17.61% | +8.62% | +14.71% | +15.08% | 38% | -33.4% | ₹8,138 Cr | 1.18% |
| 12 | Mirae Asset Midcap Fund- Direct Growth OptionBronze | +17.10% | +15.11% | +18.29% | +24.00% | 68% | -37.4% | ₹19,543 Cr | 0.96% |
| 13 | Union Midcap Fund - Direct Plan - Growth OptionGold | +17.03% | +14.08% | +19.17% | +23.06% | 60% | -21.3% | ₹1,847 Cr | 1.13% |
| 14 | Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan | +15.84% | +11.41% | +18.10% | +19.71% | 36% | -45.1% | ₹6,624 Cr | 1.24% |
| 15 | Franklin India Mid Cap Fund - Direct - Growth | +15.76% | +7.32% | +18.38% | +19.64% | 40% | -36.6% | ₹12,490 Cr | 1.12% |
| 16 | SBI MIDCAP FUND - DIRECT PLAN - GROWTH | +15.25% | +9.24% | +13.60% | +19.73% | 46% | -43.0% | ₹24,127 Cr | 0.98% |
| 17 | Axis Midcap Fund - Direct Plan - Growth | +15.05% | +10.08% | +18.53% | +19.68% | 33% | -29.4% | ₹33,803 Cr | 0.86% |
| 18 | UTI Mid Cap Fund-Growth Option- Direct | +13.66% | +7.65% | +13.84% | +18.62% | 39% | -40.8% | ₹12,122 Cr | 1.15% |
| 19 | Taurus Mid Cap Fund - Direct Plan - Growth | +13.27% | +9.17% | +12.37% | +17.72% | 29% | -32.8% | ₹125 Cr | 2.29% |
| 20 | PGIM India Midcap Fund - Direct Plan - Growth Option | +12.68% | +4.16% | +12.99% | +15.45% | 30% | -36.4% | ₹10,981 Cr | 0.76% |
Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any numeric column to re-sort; funds with no value for that column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct, Growth only, minimum AUM ₹100 Cr, at least 5 year(s) old. Past performance. Returns for 3y/5y are annualised (CAGR) and are withheld where the NAV series does not support the period.
Mid Cap Funds — FAQs
What horizon suits equity funds?
Equity funds are volatile over short periods, so they are generally considered for horizons of five years or more. Over shorter spans the range of outcomes is wide enough that the average return is a poor guide.
What do large, mid and small cap mean?
SEBI defines them by market-capitalisation rank: the top 100 listed companies are large cap, ranks 101–250 are mid cap, and 251 onward are small cap. Categories differ in how much they must hold in each band, which drives most of the difference in volatility.
Should I pick the fund with the highest past return?
Past return alone is a weak signal — it reflects the period measured as much as the fund. Consistency across rolling periods, behaviour in falling markets, cost, and whether the fund still follows the mandate you signed up for all matter. Past performance does not indicate future returns.