All returns displayed below are CAGR.
EquityMid Cap183.64
+14.00%
EquityMid Cap104.43
+2.90%
EquityMid Cap194.26
+3.20%
EquityMid Cap4.00
+2.20%
EquityMid Cap101.79
+3.80%
EquityMid Cap392.23
+0.40%
EquityMid Cap1.00
+1.80%
EquityMid Cap32.91
-4.10%
EquityMid Cap2.00
+0.20%
EquityMid Cap21.06
-6.40%
EquityMid Cap299.09
+3.10%
EquityMid Cap137.43
+3.80%
EquityMid Cap431.01
-3.00%
Mid Cap17.60
-0.50%
EquityMid Cap101.02
-3.80%
| Fund names | NAV(₹) | VR Rating | 1Y Returns | 3Y Returns | 5Y Returns |
|---|---|---|---|---|---|
| Invesco India Midcap Fund(G) Equity Mid Cap | 183.64 | 3 | +14.00% | +29.20% | +28.20% |
| Motilal Oswal Midcap Fund-Reg(G) Equity Mid Cap | 104.43 | 5 | +2.90% | +28.90% | +33.40% |
| HDFC Mid Cap Fund-Reg(G) Equity Mid Cap | 194.26 | 5 | +3.20% | +26.70% | +28.80% |
| Nippon India Growth Mid Cap Fund(G) Equity Mid Cap | 4.00 | 4 | +2.20% | +26.00% | +28.80% |
| Edelweiss Mid Cap Fund-Reg(G) Equity Mid Cap | 101.79 | 4 | +3.80% | +25.80% | +29.20% |
| HSBC Midcap Fund-Reg(G) Equity Mid Cap | 392.23 | 3 | +0.40% | +24.60% | +23.80% |
| Sundaram Mid Cap Fund-Reg(G) Equity Mid Cap | 1.00 | 3 | +1.80% | +24.40% | +26.30% |
| Mahindra Manulife Mid Cap Fund-Reg(G) Equity Mid Cap | 32.91 | 4 | -4.10% | +23.60% | +26.90% |
| Franklin India Mid Cap Fund(G) Equity Mid Cap | 2.00 | 3 | +0.20% | +23.40% | +24.30% |
| ITI Mid Cap Fund-Reg(G) Equity Mid Cap | 21.06 | 3 | -6.40% | +23.20% | - |
| ICICI Pru Midcap Fund(G) Equity Mid Cap | 299.09 | 3 | +3.10% | +22.90% | +26.10% |
| Kotak Midcap Fund-Reg(G) Equity Mid Cap | 137.43 | 4 | +3.80% | +22.50% | +27.40% |
| Tata Mid Cap Fund-Reg(G) Equity Mid Cap | 431.01 | 3 | -3.00% | +21.20% | +24.30% |
| Bandhan Midcap Fund-Reg(G) Equity Mid Cap | 17.60 | -0.50% | +20.70% | - | |
| Baroda BNP Paribas Mid Cap Fund-Reg(G) Equity Mid Cap | 101.02 | 3 | -3.80% | +20.50% | +24.00% |
A Mid-cap Fund focuses on investing in mid-sized companies listed on prominent stock exchanges such as the BSE and NSE. These funds are designed to strike a balance between growth potential and stability, helping investors access emerging opportunities and diversify their equity portfolio with professionally managed exposure to the mid-cap segment.
A Mid-cap Fund is a type of equity mutual fund that invests predominantly in shares of mid-sized companies. According to regulations outlined by the Securities and Exchange Board of India (SEBI), mid-cap companies are those ranked between 101st and 250th by full market capitalisation on the BSE or NSE. These funds offer investors an opportunity to tap into the growth potential of companies that are established but still have significant space to expand.
Mid-cap Mutual Funds are managed by professional fund managers who select stocks based on in-depth research, aiming to achieve long-term capital appreciation. These funds must allocate at least 65% of their assets to mid-cap equities, making them distinct from large-cap and small-cap equity offerings.
Mid-cap companies tend to be in a strong growth phase, often outperforming large-cap stocks during bullish market cycles.
Mid-cap Mutual Funds invest across various industries and sectors, helping to diversify investment risk.
Many blue-chip companies existed as mid-caps before growing into industry giants.
Experienced fund managers actively select stocks based on robust research, ensuring portfolio quality.
Most Mid-cap Funds are open-ended, allowing for easy purchase and redemption of units.
A Mid-cap Fund collects money from multiple investors and pools it to invest in a diversified basket of mid-cap stocks. Once investors buy units, their money is deployed according to the scheme’s investment mandate, focusing on mid-cap companies listed on the BSE or NSE. The fund manager’s strategy may differ between growth and value stocks, core and satellite approaches, and sectoral allocation to make the most of market opportunities.
Unit prices are typically priced at the current Net Asset Value (NAV), which is updated daily. Mid-cap Fund portfolios are dynamic, with fund managers actively buying and selling stocks to improve returns and manage risk. Fund performance is benchmarked against indices like the NIFTY Midcap 150 to track Year-on-year growth and relative consistency.
Investing in Mid-cap Mutual Funds can be beneficial for those seeking higher returns while maintaining moderate risk. Several factors make them attractive:
Over multi-year periods, many Mid-cap Funds have outperformed large-cap funds, with five-year annualised returns ranging from 20% to 35% for leading schemes.
Mid-cap companies are more responsive during economic upturns, making them suitable for investors looking to capitalise on market rallies.
Mid-cap Mutual Funds offer a balance between the relative stability of large-caps and the high-velocity growth of small-caps.
However, Mid-cap Funds carry elevated risk compared to large-cap peers, especially during volatile or bearish markets. Investors should be prepared for fluctuations and ensure that mid-cap holdings fit their long-term financial objectives. Reviewing past performance, consistency, portfolio quality, and expense ratio is crucial before investing.
Mid-cap Mutual Funds are suitable for:
Those with an investment horizon of at least five years, allowing them to ride out market cycles.
Investors comfortable with intermittent volatility in exchange for higher potential returns.
Those looking to balance portfolios that may already be heavy on large-caps or fixed income.
Individuals aiming for capital appreciation rather than regular income, as Mid-cap Funds focus on wealth creation.
Not advised for:
Investing in a Mid-cap Fund can be carried out through the following methods:
Deploy a significant corpus at once, ideal for individuals with available funds and a long-term perspective.
Invest a fixed amount regularly (e.g., monthly or quarterly) to average out market volatility and benefit from compounding.
Investors can access Mid-cap Mutual Funds via AMC websites, trusted brokers, or marketplaces that facilitate fund purchases.
While not mandatory for mutual fund investments, holding a demat account can help manage all investments in one place.
Review fund fact sheets, historical returns, expense ratios, and portfolio disclosures. Diversify across peer Mid-cap Funds, and regularly monitor performance to realign your portfolio if required.
Taxation for Mid-cap Funds adheres to the general rules of equity mutual funds in India:
These rules are reviewed periodically, so consult with a tax advisor or financial planner to ensure compliance with the latest regulations.
No, Mid-cap Funds are not risk-free. While they offer opportunities for high returns, they are subject to market risk, liquidity risk, and business risk associated with mid-sized companies.
The best Mid-cap Fund varies based on investor goals, time horizon, and risk appetite. Focus on consistent long-term performance, experienced management, and transparent portfolio disclosure, rather than chasing short-term returns. Review leading schemes regularly on platforms featuring data from BSE and NSE.
Mid-cap Mutual Funds can be a prudent choice for long-term wealth creation if you have a moderate-to-high risk appetite and can tolerate interim volatility. They add diversification and growth potential to your investment portfolio.
Yes, Mid-cap Mutual Funds are subject to capital gains tax and dividend taxation as per the current equity scheme regulations in India. Both long-term and short-term capital gains are taxed; see the detailed rules outlined above.
Most Mid-cap Funds are open-ended, enabling investors to redeem units on any business day at prevailing NAVs. However, there may be an exit load if you withdraw before a specified period, usually ranging from 1% for redemptions within one year.
Mid-cap Funds are better suited to long-term wealth creation. Short-term investments in Mid-cap Funds may expose investors to excessive market volatility and do not allow enough time for compounding and recovery from market corrections.
