Best Mid Cap Mutual Funds 2025

Updated on December 10, 2025 , 89990 views

Mid-caps have become one of the most preferred investment categories for Indian investors who want higher growth than large-caps but lower Volatility than small-cap.

Many mid-cap companies today were once tiny challengers — and a few years down the line, they often become India’s next large-cap or even giant-cap players. That’s exactly why mid cap funds attract investors with a long-term mindset.

Mid-caps = companies with strong fundamentals + high growth potential + ability to scale fast. When these firms are led by capable management and agile strategies, they often turn into tomorrow’s market leaders.

Institutional investors like Mutual Funds, pension funds, and FIIs actively chase mid-caps because this segment offers the perfect blend of growth + innovation + long-term wealth creation.

Why Should you Invest in Mid Cap Funds

Here’s why mid-cap funds deserve a spot in your long-term Portfolio -

1. Higher Wealth-Creation Potential

Historically, mid-cap funds have outperformed large-caps over long-term horizons (7–10 years+). Their ability to scale from mid-sized to large-sized companies is a powerful growth trigger.

2. Strike the Balance Between Stability & Growth

Mid-caps offer more stability than small-caps yet significantly better growth potential than large-caps.

3. Faster Response to Market & Innovation Cycles

Because mid-cap companies are more focused and nimble, they adapt quickly to:

✔ new business trends
✔ technology shifts
✔ customer behaviour changes

4. Better Performance in Bull Markets

When markets rally for long, mid-caps often lead the show — making them a strong cyclical bet.

5. Attractive Option for Long-Term Investors

Given enough time (5–7+ years), mid-caps have historically rewarded disciplined SIP investors with exceptional returns.

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Advantages of Midcap funds

Mid-cap funds continue to perform well because:

They remain under-researched compared to large-caps, creating pricing inefficiencies.
Skilled fund managers can unlock hidden value by identifying strong businesses early.
India’s economic cycle and digital growth create opportunities for mid-sized companies to scale dramatically.
Many of India’s fastest-growing sectors — manufacturing, EVs, digital services, specialty chemicals, consumer brands — are dominated by mid-caps.

This makes mid-cap funds a strong long-term investment category.

Fund Selection Methodology used to find 11 funds

Category: Equity
Sub-category: Mid%20Cap
AUM Range: 200%20TO%2050000 Cr
Sorted On : 5-year return (high to low)
Tags: fcpro
No Of Funds: 11

Top 11 Best Mid Cap Mutual Funds to Invest in FY 25 - 26

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Motilal Oswal Midcap 30 Fund Growth	₹100.406 ↑ 1.27	₹37,501	-4.2	0.3	-11.5	23.8	28.7	57.1
Edelweiss Mid Cap Fund Growth	₹103.673 ↑ 0.92	₹12,647	2.1	3.5	0.2	24.4	25.6	38.9
Invesco India Mid Cap Fund Growth	₹184.76 ↑ 1.81	₹9,320	1.8	6	5.8	26.4	25	43.1
Sundaram Mid Cap Fund Growth	₹1,426.73 ↑ 12.36	₹13,236	2.1	4.9	1	23.1	23.4	32
ICICI Prudential MidCap Fund Growth	₹310.26 ↑ 3.45	₹6,964	3.7	4.9	4.5	21.5	23.3	27
BNP Paribas Mid Cap Fund Growth	₹104.344 ↑ 0.90	₹2,276	2.9	4.6	0.5	19.5	21.6	28.5
TATA Mid Cap Growth Fund Growth	₹446.201 ↑ 3.65	₹5,283	2.9	5.3	2.2	21.2	21.3	22.7
Aditya Birla Sun Life Midcap Fund Growth	₹798.39 ↑ 7.54	₹6,271	1.2	1.6	-0.1	19.6	21.2	22
SBI Magnum Mid Cap Fund Growth	₹233.504 ↑ 2.14	₹23,036	1.9	-0.9	-2.9	16.1	21.2	20.3
Franklin India Prima Fund Growth	₹2,784.11 ↑ 20.73	₹12,770	1.2	2.1	-1.3	20.8	20.1	31.8
PGIM India Midcap Opportunities Fund Growth	₹63.96 ↑ 0.63	₹11,581	-3.3	-0.1	-2.5	12.2	19.6	21
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 12 Dec 25

Research Highlights & Commentary of 11 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Edelweiss Mid Cap Fund	Invesco India Mid Cap Fund	Sundaram Mid Cap Fund	ICICI Prudential MidCap Fund	BNP Paribas Mid Cap Fund	TATA Mid Cap Growth Fund	Aditya Birla Sun Life Midcap Fund	SBI Magnum Mid Cap Fund	Franklin India Prima Fund	PGIM India Midcap Opportunities Fund
Point 1	Highest AUM (₹37,501 Cr).	Upper mid AUM (₹12,647 Cr).	Lower mid AUM (₹9,320 Cr).	Upper mid AUM (₹13,236 Cr).	Lower mid AUM (₹6,964 Cr).	Bottom quartile AUM (₹2,276 Cr).	Bottom quartile AUM (₹5,283 Cr).	Bottom quartile AUM (₹6,271 Cr).	Top quartile AUM (₹23,036 Cr).	Upper mid AUM (₹12,770 Cr).	Lower mid AUM (₹11,581 Cr).
Point 2	Established history (11+ yrs).	Established history (17+ yrs).	Established history (18+ yrs).	Established history (23+ yrs).	Established history (21+ yrs).	Established history (19+ yrs).	Established history (31+ yrs).	Established history (23+ yrs).	Established history (20+ yrs).	Oldest track record among peers (32 yrs).	Established history (12+ yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Top rated.	Rating: 2★ (bottom quartile).	Rating: 3★ (top quartile).	Rating: 2★ (lower mid).	Rating: 3★ (lower mid).	Rating: 3★ (upper mid).	Rating: 3★ (upper mid).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.
Point 5	5Y return: 28.71% (top quartile).	5Y return: 25.61% (top quartile).	5Y return: 25.04% (upper mid).	5Y return: 23.43% (upper mid).	5Y return: 23.27% (upper mid).	5Y return: 21.59% (lower mid).	5Y return: 21.32% (lower mid).	5Y return: 21.21% (lower mid).	5Y return: 21.18% (bottom quartile).	5Y return: 20.08% (bottom quartile).	5Y return: 19.62% (bottom quartile).
Point 6	3Y return: 23.81% (upper mid).	3Y return: 24.43% (top quartile).	3Y return: 26.36% (top quartile).	3Y return: 23.07% (upper mid).	3Y return: 21.50% (upper mid).	3Y return: 19.49% (bottom quartile).	3Y return: 21.16% (lower mid).	3Y return: 19.63% (lower mid).	3Y return: 16.13% (bottom quartile).	3Y return: 20.84% (lower mid).	3Y return: 12.15% (bottom quartile).
Point 7	1Y return: -11.48% (bottom quartile).	1Y return: 0.25% (lower mid).	1Y return: 5.76% (top quartile).	1Y return: 1.03% (upper mid).	1Y return: 4.49% (top quartile).	1Y return: 0.54% (upper mid).	1Y return: 2.21% (upper mid).	1Y return: -0.13% (lower mid).	1Y return: -2.88% (bottom quartile).	1Y return: -1.26% (lower mid).	1Y return: -2.47% (bottom quartile).
Point 8	Alpha: -4.22 (bottom quartile).	Alpha: -0.23 (upper mid).	Alpha: 0.00 (top quartile).	Alpha: -0.05 (upper mid).	Alpha: 2.69 (top quartile).	Alpha: -3.98 (lower mid).	Alpha: -3.43 (lower mid).	Alpha: -4.40 (bottom quartile).	Alpha: -7.25 (bottom quartile).	Alpha: -2.98 (lower mid).	Alpha: -1.08 (upper mid).
Point 9	Sharpe: -0.13 (lower mid).	Sharpe: 0.07 (upper mid).	Sharpe: 0.43 (top quartile).	Sharpe: 0.08 (upper mid).	Sharpe: 0.22 (top quartile).	Sharpe: -0.17 (bottom quartile).	Sharpe: -0.12 (lower mid).	Sharpe: -0.17 (bottom quartile).	Sharpe: -0.39 (bottom quartile).	Sharpe: -0.09 (lower mid).	Sharpe: 0.01 (upper mid).
Point 10	Information ratio: 0.20 (top quartile).	Information ratio: 0.18 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.16 (upper mid).	Information ratio: -0.29 (upper mid).	Information ratio: -1.03 (bottom quartile).	Information ratio: -0.66 (lower mid).	Information ratio: -0.80 (lower mid).	Information ratio: -1.31 (bottom quartile).	Information ratio: -0.49 (lower mid).	Information ratio: -1.61 (bottom quartile).

Motilal Oswal Midcap 30 Fund

Highest AUM (₹37,501 Cr).
Established history (11+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 28.71% (top quartile).
3Y return: 23.81% (upper mid).
1Y return: -11.48% (bottom quartile).
Alpha: -4.22 (bottom quartile).
Sharpe: -0.13 (lower mid).
Information ratio: 0.20 (top quartile).

Edelweiss Mid Cap Fund

Upper mid AUM (₹12,647 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 25.61% (top quartile).
3Y return: 24.43% (top quartile).
1Y return: 0.25% (lower mid).
Alpha: -0.23 (upper mid).
Sharpe: 0.07 (upper mid).
Information ratio: 0.18 (top quartile).

Invesco India Mid Cap Fund

Lower mid AUM (₹9,320 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 25.04% (upper mid).
3Y return: 26.36% (top quartile).
1Y return: 5.76% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: 0.43 (top quartile).
Information ratio: 0.00 (upper mid).

Sundaram Mid Cap Fund

Upper mid AUM (₹13,236 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 23.43% (upper mid).
3Y return: 23.07% (upper mid).
1Y return: 1.03% (upper mid).
Alpha: -0.05 (upper mid).
Sharpe: 0.08 (upper mid).
Information ratio: 0.16 (upper mid).

ICICI Prudential MidCap Fund

Lower mid AUM (₹6,964 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 23.27% (upper mid).
3Y return: 21.50% (upper mid).
1Y return: 4.49% (top quartile).
Alpha: 2.69 (top quartile).
Sharpe: 0.22 (top quartile).
Information ratio: -0.29 (upper mid).

BNP Paribas Mid Cap Fund

Bottom quartile AUM (₹2,276 Cr).
Established history (19+ yrs).
Rating: 3★ (top quartile).
Risk profile: High.
5Y return: 21.59% (lower mid).
3Y return: 19.49% (bottom quartile).
1Y return: 0.54% (upper mid).
Alpha: -3.98 (lower mid).
Sharpe: -0.17 (bottom quartile).
Information ratio: -1.03 (bottom quartile).

TATA Mid Cap Growth Fund

Bottom quartile AUM (₹5,283 Cr).
Established history (31+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 21.32% (lower mid).
3Y return: 21.16% (lower mid).
1Y return: 2.21% (upper mid).
Alpha: -3.43 (lower mid).
Sharpe: -0.12 (lower mid).
Information ratio: -0.66 (lower mid).

Aditya Birla Sun Life Midcap Fund

Bottom quartile AUM (₹6,271 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 21.21% (lower mid).
3Y return: 19.63% (lower mid).
1Y return: -0.13% (lower mid).
Alpha: -4.40 (bottom quartile).
Sharpe: -0.17 (bottom quartile).
Information ratio: -0.80 (lower mid).

SBI Magnum Mid Cap Fund

Top quartile AUM (₹23,036 Cr).
Established history (20+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.18% (bottom quartile).
3Y return: 16.13% (bottom quartile).
1Y return: -2.88% (bottom quartile).
Alpha: -7.25 (bottom quartile).
Sharpe: -0.39 (bottom quartile).
Information ratio: -1.31 (bottom quartile).

Franklin India Prima Fund

Upper mid AUM (₹12,770 Cr).
Oldest track record among peers (32 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 20.08% (bottom quartile).
3Y return: 20.84% (lower mid).
1Y return: -1.26% (lower mid).
Alpha: -2.98 (lower mid).
Sharpe: -0.09 (lower mid).
Information ratio: -0.49 (lower mid).

PGIM India Midcap Opportunities Fund

Lower mid AUM (₹11,581 Cr).
Established history (12+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: High.
5Y return: 19.62% (bottom quartile).
3Y return: 12.15% (bottom quartile).
1Y return: -2.47% (bottom quartile).
Alpha: -1.08 (upper mid).
Sharpe: 0.01 (upper mid).
Information ratio: -1.61 (bottom quartile).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 9 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

Who We Are

AMFI Registration No.: 112358
MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 9+ years in Mutual Fund distribution

Our Expertise

Certified Mutual Fund Distributors with hands-on advisory experience.
Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

Our Research Process

Data sourcing: SEBI-registered fund houses & verified third-party provider Morning Star
Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
Expert review: Senior team members review every article and list for accuracy.
Updates: Regular refreshes so performance data reflects current market conditions.

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Disclaimer

Content is for educational and informational purposes only and is not investment advice. Please consider your risk profile and consult a financial advisor before investing.

All the funds mentioned above are ideal, we are giving you detailed analysis of 5 funds.

1. Motilal Oswal Midcap 30 Fund

(Erstwhile Motilal Oswal MOSt Focused Midcap 30 Fund)

The investment objective of the Scheme is to achieve long term capital appreciation by investing in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential for growth. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Research Highlights for Motilal Oswal Midcap 30 Fund

Highest AUM (₹37,501 Cr).
Established history (11+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 28.71% (top quartile).
3Y return: 23.81% (lower mid).
1Y return: -11.48% (bottom quartile).
Alpha: -4.22 (bottom quartile).
Sharpe: -0.13 (bottom quartile).
Information ratio: 0.20 (top quartile).
Higher exposure to Technology vs peer median.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Equity-heavy allocation (~87%).
Largest holding Persistent Systems Ltd (~9.5%).

Below is the key information for Motilal Oswal Midcap 30 Fund

Motilal Oswal Midcap 30 Fund Growth
Launch Date	24 Feb 14
NAV (12 Dec 25)	₹100.406 ↑ 1.27 (1.28 %)
Net Assets (Cr)	₹37,501 on 31 Oct 25
Category	Equity - Mid Cap
AMC	Motilal Oswal Asset Management Co. Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.56
Sharpe Ratio	-0.13
Information Ratio	0.2
Alpha Ratio	-4.22
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹15,596
30 Nov 22	₹18,569
30 Nov 23	₹24,148
30 Nov 24	₹38,652
30 Nov 25	₹36,880

Motilal Oswal Midcap 30 Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹612,552.
Net Profit of ₹312,552 Invest Now

Returns for Motilal Oswal Midcap 30 Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Dec 25

Duration	Returns
1 Month	-3.1%
3 Month	-4.2%
6 Month	0.3%
1 Year	-11.5%
3 Year	23.8%
5 Year	28.7%
10 Year
15 Year
Since launch	21.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	57.1%
2023	41.7%
2022	10.7%
2021	55.8%
2020	9.3%
2019	9.7%
2018	-12.7%
2017	30.8%
2016	5.2%
2015	16.5%

Fund Manager information for Motilal Oswal Midcap 30 Fund

Name	Since	Tenure
Ajay Khandelwal	1 Oct 24	1.08 Yr.
Niket Shah	1 Jul 20	5.34 Yr.
Rakesh Shetty	22 Nov 22	2.94 Yr.
Sunil Sawant	1 Jul 24	1.34 Yr.

Data below for Motilal Oswal Midcap 30 Fund as on 31 Oct 25

Equity Sector Allocation

Sector	Value
Technology	40.62%
Consumer Cyclical	22.89%
Industrials	12.61%
Communication Services	3.47%
Financial Services	3.46%
Real Estate	2.56%
Health Care	1.61%

Asset Allocation

Asset Class	Value
Cash	12.78%
Equity	87.22%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Persistent Systems Ltd (Technology) Equity, Since 31 Jan 23 \| PERSISTENT	9%	₹3,550 Cr	6,000,000
Coforge Ltd (Technology) Equity, Since 31 Mar 23 \| COFORGE	9%	₹3,494 Cr	19,650,699 ↓ -99,301
One97 Communications Ltd (Technology) Equity, Since 30 Sep 24 \| 543396	9%	₹3,258 Cr	25,000,000
Dixon Technologies (India) Ltd (Technology) Equity, Since 31 Mar 23 \| DIXON	9%	₹3,254 Cr	2,100,000 ↑ 62,479
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 25 \| 543320	8%	₹3,178 Cr	100,000,000
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 29 Feb 24 \| KALYANKJIL	8%	₹3,058 Cr	60,000,000
Trent Ltd (Consumer Cyclical) Equity, Since 30 Nov 24 \| 500251	6%	₹2,347 Cr	4,999,694
Polycab India Ltd (Industrials) Equity, Since 30 Sep 23 \| POLYCAB	5%	₹2,060 Cr	2,673,670 ↓ -476,330
Kaynes Technology India Ltd (Technology) Equity, Since 30 Jun 25 \| KAYNES	4%	₹1,676 Cr	2,500,000 ↑ 150,000
KEI Industries Ltd (Industrials) Equity, Since 30 Nov 24 \| KEI	4%	₹1,613 Cr	4,000,000

2. Edelweiss Mid Cap Fund

(Erstwhile Edelweiss Mid and Small Cap Fund )

The investment objective is to seek to generate long-term capital appreciation from a portfolio that predominantly invests in equity and equity-related securities of Mid Cap companies. However, there can be no assurance that the investment objective of the Scheme will be realised.

Research Highlights for Edelweiss Mid Cap Fund

Lower mid AUM (₹12,647 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 25.61% (upper mid).
3Y return: 24.43% (upper mid).
1Y return: 0.25% (bottom quartile).
Alpha: -0.23 (bottom quartile).
Sharpe: 0.07 (bottom quartile).
Information ratio: 0.18 (upper mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Coforge Ltd (~2.8%).

Below is the key information for Edelweiss Mid Cap Fund

Edelweiss Mid Cap Fund Growth
Launch Date	26 Dec 07
NAV (12 Dec 25)	₹103.673 ↑ 0.92 (0.89 %)
Net Assets (Cr)	₹12,647 on 31 Oct 25
Category	Equity - Mid Cap
AMC	Edelweiss Asset Management Limited
Rating	☆☆☆
Risk	High
Expense Ratio	1.75
Sharpe Ratio	0.07
Information Ratio	0.18
Alpha Ratio	-0.23
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹15,173
30 Nov 22	₹16,543
30 Nov 23	₹21,002
30 Nov 24	₹30,545
30 Nov 25	₹32,143

Edelweiss Mid Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326 Invest Now

Returns for Edelweiss Mid Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Dec 25

Duration	Returns
1 Month	-0.6%
3 Month	2.1%
6 Month	3.5%
1 Year	0.2%
3 Year	24.4%
5 Year	25.6%
10 Year
15 Year
Since launch	13.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	38.9%
2023	38.4%
2022	2.4%
2021	50.3%
2020	26.4%
2019	5.2%
2018	-15.7%
2017	52.3%
2016	2.5%
2015	9.4%

Fund Manager information for Edelweiss Mid Cap Fund

Name	Since	Tenure
Dhruv Bhatia	14 Oct 24	1.05 Yr.
Trideep Bhattacharya	1 Oct 21	4.09 Yr.
Raj Koradia	1 Aug 24	1.25 Yr.

Data below for Edelweiss Mid Cap Fund as on 31 Oct 25

Equity Sector Allocation

Sector	Value
Financial Services	25.36%
Consumer Cyclical	14.43%
Industrials	14.08%
Technology	11.15%
Basic Materials	10.48%
Health Care	9.47%
Consumer Defensive	4.37%
Real Estate	3.25%
Energy	2.52%
Communication Services	1.92%
Utility	0.57%

Asset Allocation

Asset Class	Value
Cash	2.39%
Equity	97.6%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Coforge Ltd (Technology) Equity, Since 30 Jun 23 \| COFORGE	3%	₹352 Cr	1,978,522
Max Healthcare Institute Ltd Ordinary Shares (Healthcare) Equity, Since 31 Jul 21 \| MAXHEALTH	3%	₹342 Cr	2,975,393 ↓ -258,406
Persistent Systems Ltd (Technology) Equity, Since 31 Mar 21 \| PERSISTENT	3%	₹326 Cr	550,553 ↓ -37,997
Indian Bank (Financial Services) Equity, Since 31 Jan 21 \| 532814	2%	₹288 Cr	3,355,391
PB Fintech Ltd (Financial Services) Equity, Since 29 Feb 24 \| 543390	2%	₹279 Cr	1,559,919
Fortis Healthcare Ltd (Healthcare) Equity, Since 30 Sep 23 \| 532843	2%	₹270 Cr	2,636,686 ↓ -228,780
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	2%	₹254 Cr	274,589 ↑ 57,945
Solar Industries India Ltd (Basic Materials) Equity, Since 30 Sep 12 \| SOLARINDS	2%	₹251 Cr	180,547
UNO Minda Ltd (Consumer Cyclical) Equity, Since 31 Aug 17 \| UNOMINDA	2%	₹245 Cr	1,981,889
LG Electronics India Ltd (Technology) Equity, Since 31 Oct 25 \| LGEINDIA	2%	₹244 Cr	1,468,425 ↑ 1,468,425

3. Invesco India Mid Cap Fund

The Scheme seeks to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid cap companies. However, there can be no assurance that the funds objectives will be achieved.

Research Highlights for Invesco India Mid Cap Fund

Bottom quartile AUM (₹9,320 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 25.04% (lower mid).
3Y return: 26.36% (top quartile).
1Y return: 5.76% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 0.43 (top quartile).
Information ratio: 0.00 (bottom quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding AU Small Finance Bank Ltd (~5.6%).

Below is the key information for Invesco India Mid Cap Fund

Invesco India Mid Cap Fund Growth
Launch Date	19 Apr 07
NAV (12 Dec 25)	₹184.76 ↑ 1.81 (0.99 %)
Net Assets (Cr)	₹9,320 on 31 Oct 25
Category	Equity - Mid Cap
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.82
Sharpe Ratio	0.43
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹14,577
30 Nov 22	₹15,346
30 Nov 23	₹19,288
30 Nov 24	₹28,186
30 Nov 25	₹31,678

Invesco India Mid Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326 Invest Now

Returns for Invesco India Mid Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Dec 25

Duration	Returns
1 Month	-0.1%
3 Month	1.8%
6 Month	6%
1 Year	5.8%
3 Year	26.4%
5 Year	25%
10 Year
15 Year
Since launch	16.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	43.1%
2023	34.1%
2022	0.5%
2021	43.1%
2020	24.4%
2019	3.8%
2018	-5.3%
2017	44.3%
2016	1.1%
2015	6.4%

Fund Manager information for Invesco India Mid Cap Fund

Name	Since	Tenure
Aditya Khemani	9 Nov 23	1.98 Yr.
Amit Ganatra	1 Sep 23	2.17 Yr.

Data below for Invesco India Mid Cap Fund as on 31 Oct 25

Equity Sector Allocation

Sector	Value
Financial Services	34.12%
Health Care	18.22%
Consumer Cyclical	17%
Industrials	9.12%
Real Estate	8.42%
Technology	7.23%
Basic Materials	3.95%
Communication Services	1.39%

Asset Allocation

Asset Class	Value
Cash	0.56%
Equity	99.44%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
AU Small Finance Bank Ltd (Financial Services) Equity, Since 31 Jul 25 \| 540611	6%	₹521 Cr	5,936,790
Swiggy Ltd (Consumer Cyclical) Equity, Since 30 Nov 24 \| SWIGGY	5%	₹487 Cr	11,879,113 ↑ 1,517,109
The Federal Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| FEDERALBNK	5%	₹472 Cr	19,960,984 ↑ 5,368,346
L&T Finance Ltd (Financial Services) Equity, Since 31 Dec 23 \| LTF	5%	₹456 Cr	16,854,973
Prestige Estates Projects Ltd (Real Estate) Equity, Since 30 Nov 23 \| PRESTIGE	5%	₹428 Cr	2,451,815 ↑ 33,004
BSE Ltd (Financial Services) Equity, Since 31 Dec 23 \| BSE	4%	₹377 Cr	1,519,233
Max Financial Services Ltd (Financial Services) Equity, Since 30 Nov 23 \| 500271	4%	₹375 Cr	2,422,867 ↑ 324,236
Glenmark Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Mar 24 \| 532296	4%	₹353 Cr	1,864,031 ↑ 187,614
Sai Life Sciences Ltd (Healthcare) Equity, Since 31 Dec 24 \| SAILIFE	3%	₹308 Cr	3,351,338 ↑ 116,840
JK Cement Ltd (Basic Materials) Equity, Since 31 Oct 22 \| JKCEMENT	3%	₹297 Cr	477,753

4. Sundaram Mid Cap Fund

(Erstwhile Sundaram Select Midcap Fund)

To achieve capital appreciation by investing in diversified stocks that are generally termed as mid-caps.

Research Highlights for Sundaram Mid Cap Fund

Upper mid AUM (₹13,236 Cr).
Oldest track record among peers (23 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 23.43% (bottom quartile).
3Y return: 23.07% (bottom quartile).
1Y return: 1.03% (lower mid).
Alpha: -0.05 (lower mid).
Sharpe: 0.08 (lower mid).
Information ratio: 0.16 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~94%).
Largest holding Cummins India Ltd (~4.2%).

Below is the key information for Sundaram Mid Cap Fund

Sundaram Mid Cap Fund Growth
Launch Date	30 Jul 02
NAV (12 Dec 25)	₹1,426.73 ↑ 12.36 (0.87 %)
Net Assets (Cr)	₹13,236 on 31 Oct 25
Category	Equity - Mid Cap
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.75
Sharpe Ratio	0.08
Information Ratio	0.16
Alpha Ratio	-0.05
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹14,134
30 Nov 22	₹15,433
30 Nov 23	₹19,952
30 Nov 24	₹27,745
30 Nov 25	₹29,475

Sundaram Mid Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623 Invest Now

Returns for Sundaram Mid Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Dec 25

Duration	Returns
1 Month	-1.1%
3 Month	2.1%
6 Month	4.9%
1 Year	1%
3 Year	23.1%
5 Year	23.4%
10 Year
15 Year
Since launch	23.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	32%
2023	40.4%
2022	4.8%
2021	37.5%
2020	11.8%
2019	-0.3%
2018	-15.4%
2017	40.8%
2016	11.3%
2015	11.2%

Fund Manager information for Sundaram Mid Cap Fund

Name	Since	Tenure
S. Bharath	24 Feb 21	4.69 Yr.
Ratish Varier	24 Feb 21	4.69 Yr.

Data below for Sundaram Mid Cap Fund as on 31 Oct 25

Equity Sector Allocation

Sector	Value
Financial Services	20.32%
Consumer Cyclical	16.05%
Industrials	14.56%
Health Care	10.39%
Basic Materials	9.54%
Consumer Defensive	6.08%
Technology	5.69%
Real Estate	3.78%
Utility	2.46%
Communication Services	2.21%
Energy	2.21%

Asset Allocation

Asset Class	Value
Cash	6.43%
Equity	93.55%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Cummins India Ltd (Industrials) Equity, Since 31 Dec 17 \| 500480	4%	₹553 Cr	1,273,753
Mahindra & Mahindra Financial Services Ltd (Financial Services) Equity, Since 31 Jan 24 \| M&MFIN	3%	₹376 Cr	11,920,703
Fortis Healthcare Ltd (Healthcare) Equity, Since 31 Dec 21 \| 532843	3%	₹367 Cr	3,592,166 ↓ -199,021
Coromandel International Ltd (Basic Materials) Equity, Since 30 Nov 10 \| 506395	3%	₹364 Cr	1,712,601
GE Vernova T&D India Ltd (Industrials) Equity, Since 30 Sep 24 \| 522275	3%	₹358 Cr	1,179,542
IDFC First Bank Ltd (Financial Services) Equity, Since 30 Jun 25 \| IDFCFIRSTB	2%	₹311 Cr	37,978,844 ↑ 366,859
Indian Bank (Financial Services) Equity, Since 31 Jul 23 \| 532814	2%	₹295 Cr	3,438,637 ↓ -163,632
Hindustan Petroleum Corp Ltd (Energy) Equity, Since 31 Oct 21 \| HINDPETRO	2%	₹292 Cr	6,144,382
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 31 Mar 21 \| KALYANKJIL	2%	₹284 Cr	5,565,334 ↑ 134,599
The Federal Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| FEDERALBNK	2%	₹281 Cr	11,865,970 ↓ -478,676

5. ICICI Prudential MidCap Fund

To generate capital appreciation by actively investing in diversified mid cap stocks.

Research Highlights for ICICI Prudential MidCap Fund

Bottom quartile AUM (₹6,964 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 23.27% (bottom quartile).
3Y return: 21.50% (bottom quartile).
1Y return: 4.49% (upper mid).
Alpha: 2.69 (top quartile).
Sharpe: 0.22 (upper mid).
Information ratio: -0.29 (bottom quartile).
Higher exposure to Basic Materials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
High-quality debt (AAA/AA ~100%).
Largest holding Jindal Steel Ltd (~4.3%).

Below is the key information for ICICI Prudential MidCap Fund

ICICI Prudential MidCap Fund Growth
Launch Date	28 Oct 04
NAV (12 Dec 25)	₹310.26 ↑ 3.45 (1.12 %)
Net Assets (Cr)	₹6,964 on 31 Oct 25
Category	Equity - Mid Cap
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.88
Sharpe Ratio	0.22
Information Ratio	-0.29
Alpha Ratio	2.69
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹15,050
30 Nov 22	₹16,184
30 Nov 23	₹19,809
30 Nov 24	₹26,903
30 Nov 25	₹29,464

ICICI Prudential MidCap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623 Invest Now

Returns for ICICI Prudential MidCap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Dec 25

Duration	Returns
1 Month	-0.8%
3 Month	3.7%
6 Month	4.9%
1 Year	4.5%
3 Year	21.5%
5 Year	23.3%
10 Year
15 Year
Since launch	17.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	27%
2023	32.8%
2022	3.1%
2021	44.8%
2020	19.1%
2019	-0.6%
2018	-10.8%
2017	42.9%
2016	4.8%
2015	5.1%

Fund Manager information for ICICI Prudential MidCap Fund

Name	Since	Tenure
Lalit Kumar	1 Jul 22	3.34 Yr.
Sharmila D’mello	31 Jul 22	3.26 Yr.

Data below for ICICI Prudential MidCap Fund as on 31 Oct 25

Equity Sector Allocation

Sector	Value
Basic Materials	27.85%
Industrials	21.61%
Financial Services	20.1%
Consumer Cyclical	11.2%
Communication Services	9.29%
Real Estate	6.76%
Health Care	1.36%
Technology	0.37%
Utility	0.15%

Asset Allocation

Asset Class	Value
Cash	1.3%
Equity	98.7%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Jindal Steel Ltd (Basic Materials) Equity, Since 31 Jan 22 \| 532286	4%	₹297 Cr	2,786,470
Muthoot Finance Ltd (Financial Services) Equity, Since 30 Nov 23 \| 533398	4%	₹262 Cr	824,501
Bharti Hexacom Ltd (Communication Services) Equity, Since 30 Apr 24 \| BHARTIHEXA	4%	₹256 Cr	1,376,584
APL Apollo Tubes Ltd (Basic Materials) Equity, Since 30 Sep 22 \| APLAPOLLO	4%	₹255 Cr	1,425,196
BSE Ltd (Financial Services) Equity, Since 30 Apr 24 \| BSE	4%	₹251 Cr	1,011,840 ↑ 43,485
UPL Ltd (Basic Materials) Equity, Since 31 Oct 22 \| UPL	4%	₹250 Cr	3,465,469
Prestige Estates Projects Ltd (Real Estate) Equity, Since 30 Jun 23 \| PRESTIGE	4%	₹247 Cr	1,418,018
Jindal Stainless Ltd (Basic Materials) Equity, Since 31 Aug 22 \| JSL	3%	₹234 Cr	3,106,731
PB Fintech Ltd (Financial Services) Equity, Since 31 May 24 \| 543390	3%	₹234 Cr	1,308,585 ↑ 100,000
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	3%	₹229 Cr	247,972

Parameters to Look at While Choosing Mid-Cap Funds

Choosing a mid-cap fund should involve both data-based analysis and qualitative assessment -

Quantitative Factors

Higher AUM

A healthy AUM indicates investor confidence and ensures the fund can manage buy/sell flows without impacting performance. Funds with very small AUM may face liquidity issues during volatile markets.

Minimum 5+ year track record

A fund with at least 5 years of history shows how it performed across different market cycles. This helps you judge whether the fund can deliver consistent returns, not just short-term spikes.

Consistent 3-year, 5-year, and 7-year performance

Look for funds that perform well across all periods, not just one good year. Steady returns over longer horizons indicate strong stock selection and a robust strategy.

Low-to-reasonable expense ratio

A lower expense ratio means more of your returns stay with you. However, don’t choose funds only on cost — a slightly higher fee is fine if the performance is stronger.

Portfolio allocation: 65–75% in mid-caps

A true mid-cap fund should hold the majority of its portfolio in mid-cap stocks. This ensures the fund aligns with the risk–reward profile you expect from this category.

Rolling returns & downside protection data

Rolling returns reveal how the fund performed at different entry points, giving a truer picture than point-to-point returns. Downside protection shows how well the fund manages losses during market corrections.

Volatility metrics: Standard deviation, Sharpe ratio

Lower standard deviation means smoother performance, while a higher Sharpe ratio means better risk-adjusted returns. Together, these metrics help you judge stability and efficiency.

Qualitative Factors

Strong fund manager reputation

The fund manager’s experience, track record, and decision-making style directly influence performance. A skilled manager can identify strong mid-cap opportunities early.

Stable and disciplined investment process

Funds with a clear, consistent process avoid emotional or trend-based Investing. A disciplined approach helps maintain long-term performance even during market noise.

Fund house’s track record in equity investing

Choose fund houses known for strong research teams and a history of delivering top-performing Equity Funds. A strong AMC usually follows better governance and risk management.

Consistency of performance across market cycles

The best funds don’t just shine in bull markets — they also protect capital during downturns. Look for schemes that perform steadily across rising, falling, and sideways markets.

Pro Tip - Always check rolling returns instead of point-to-point returns. Rolling returns show how a fund performed across different time frames and market cycles.

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Conclusion

Mid-cap mutual funds are a powerful wealth-creation tool for long-term investors. They offer faster growth potential than large-caps and more stability than small-caps — making them an ideal choice for investors who can stay invested for 5–7+ years.

While the rewards are high, mid-caps also come with volatility. So keep your allocation balanced, diversify across categories, and invest through SIPs to smooth out market fluctuations. In the long run, the right mid-cap fund can significantly accelerate your journey toward financial freedom.

FAQs

1. Are mid cap mutual funds good for long-term investment?

A: Yes. Mid-cap funds are ideal for long-term (5–7+ years) investors seeking higher growth than large-caps.

2. How risky are mid cap mutual funds?

A: They carry medium-to-high risk. Mid-caps are more volatile than large-caps but more stable than small-caps.

3. Can beginners invest in mid cap funds?

A: Beginners can invest through SIPs, which reduce volatility and average out market fluctuations.

4. Which is better: mid cap or small cap mutual funds?

A: Mid-caps offer a balance of risk + growth, while small-caps are higher risk but higher potential. Mid-caps suit more investors.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.