Best Mid Cap Mutual Funds 2026

Updated on June 14, 2026 , 90840 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 26 - 27

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Motilal Oswal Midcap 30 Fund Growth	₹93.8024 ↑ 0.41	₹35,735	13.1	-6.2	-7.1	17.7	21.3	-12.1
Invesco India Mid Cap Fund Growth	₹189.33 ↑ 1.29	₹11,767	15.9	3.6	7.8	23.9	20.1	6.3
Edelweiss Mid Cap Fund Growth	₹105.864 ↑ 0.19	₹15,911	11.1	2.9	4.9	22	18.9	3.8
ICICI Prudential MidCap Fund Growth	₹340.88 ↑ 0.77	₹7,557	15	10.3	14.4	24.3	18.6	11.1
Sundaram Mid Cap Fund Growth	₹1,455.23 ↑ 6.51	₹13,378	11.6	2.8	6.6	21.6	18.4	4.1
BNP Paribas Mid Cap Fund Growth	₹108.797 ↑ 0.19	₹2,389	11.3	5	8.6	19	16	2.5
TATA Mid Cap Growth Fund Growth	₹448.262 ↓ -0.03	₹5,604	8.9	0.9	4.9	17.4	15.7	5.8
Aditya Birla Sun Life Midcap Fund Growth	₹822.78 ↑ 1.15	₹6,290	14.2	3.6	4.3	17.9	15.7	4.4
SBI Magnum Mid Cap Fund Growth	₹235.476 ↑ 0.91	₹23,247	8.3	1.9	-0.1	12	14.8	0.4
Franklin India Prima Fund Growth	₹2,723.63 ↑ 12.57	₹12,102	9.4	-1.7	-0.6	17.4	14.7	1.6
Axis Mid Cap Fund Growth	₹117.74 ↑ 0.41	₹32,276	11.5	4.6	4.7	16.6	14.3	1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Jun 26

Research Highlights & Commentary of 11 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Invesco India Mid Cap Fund	Edelweiss Mid Cap Fund	ICICI Prudential MidCap Fund	Sundaram Mid Cap 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	Axis Mid Cap Fund
Point 1	Highest AUM (₹35,735 Cr).	Lower mid AUM (₹11,767 Cr).	Upper mid AUM (₹15,911 Cr).	Lower mid AUM (₹7,557 Cr).	Upper mid AUM (₹13,378 Cr).	Bottom quartile AUM (₹2,389 Cr).	Bottom quartile AUM (₹5,604 Cr).	Bottom quartile AUM (₹6,290 Cr).	Upper mid AUM (₹23,247 Cr).	Lower mid AUM (₹12,102 Cr).	Top quartile AUM (₹32,276 Cr).
Point 2	Established history (12+ yrs).	Established history (19+ yrs).	Established history (18+ yrs).	Established history (21+ yrs).	Established history (23+ yrs).	Established history (20+ yrs).	Established history (31+ yrs).	Established history (23+ yrs).	Established history (21+ yrs).	Oldest track record among peers (32 yrs).	Established history (15+ yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Rating: 2★ (bottom quartile).	Top rated.	Rating: 3★ (top quartile).	Rating: 2★ (lower mid).	Rating: 3★ (lower mid).	Rating: 3★ (lower mid).	Rating: 3★ (upper mid).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: 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: Moderately High.
Point 5	5Y return: 21.34% (top quartile).	5Y return: 20.10% (top quartile).	5Y return: 18.91% (upper mid).	5Y return: 18.62% (upper mid).	5Y return: 18.36% (upper mid).	5Y return: 15.99% (lower mid).	5Y return: 15.74% (lower mid).	5Y return: 15.74% (lower mid).	5Y return: 14.82% (bottom quartile).	5Y return: 14.74% (bottom quartile).	5Y return: 14.33% (bottom quartile).
Point 6	3Y return: 17.67% (lower mid).	3Y return: 23.92% (top quartile).	3Y return: 22.02% (upper mid).	3Y return: 24.30% (top quartile).	3Y return: 21.62% (upper mid).	3Y return: 19.05% (upper mid).	3Y return: 17.37% (bottom quartile).	3Y return: 17.89% (lower mid).	3Y return: 12.01% (bottom quartile).	3Y return: 17.39% (lower mid).	3Y return: 16.64% (bottom quartile).
Point 7	1Y return: -7.07% (bottom quartile).	1Y return: 7.85% (upper mid).	1Y return: 4.92% (upper mid).	1Y return: 14.42% (top quartile).	1Y return: 6.62% (upper mid).	1Y return: 8.60% (top quartile).	1Y return: 4.91% (lower mid).	1Y return: 4.34% (lower mid).	1Y return: -0.07% (bottom quartile).	1Y return: -0.65% (bottom quartile).	1Y return: 4.72% (lower mid).
Point 8	Alpha: -14.22 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: -0.24 (lower mid).	Alpha: 11.02 (top quartile).	Alpha: 0.31 (upper mid).	Alpha: 1.99 (top quartile).	Alpha: -0.51 (lower mid).	Alpha: -2.10 (lower mid).	Alpha: -6.64 (bottom quartile).	Alpha: -7.42 (bottom quartile).	Alpha: 0.00 (upper mid).
Point 9	Sharpe: -0.34 (bottom quartile).	Sharpe: 0.42 (upper mid).	Sharpe: 0.33 (upper mid).	Sharpe: 0.85 (top quartile).	Sharpe: 0.36 (upper mid).	Sharpe: 0.46 (top quartile).	Sharpe: 0.32 (lower mid).	Sharpe: 0.24 (lower mid).	Sharpe: 0.02 (bottom quartile).	Sharpe: -0.04 (bottom quartile).	Sharpe: 0.31 (lower mid).
Point 10	Information ratio: -0.21 (lower mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.31 (top quartile).	Information ratio: 0.64 (top quartile).	Information ratio: 0.26 (upper mid).	Information ratio: -0.52 (lower mid).	Information ratio: -0.64 (bottom quartile).	Information ratio: -0.61 (lower mid).	Information ratio: -1.50 (bottom quartile).	Information ratio: -0.74 (bottom quartile).	Information ratio: 0.00 (upper mid).

Motilal Oswal Midcap 30 Fund

Highest AUM (₹35,735 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.34% (top quartile).
3Y return: 17.67% (lower mid).
1Y return: -7.07% (bottom quartile).
Alpha: -14.22 (bottom quartile).
Sharpe: -0.34 (bottom quartile).
Information ratio: -0.21 (lower mid).

Invesco India Mid Cap Fund

Lower mid AUM (₹11,767 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 20.10% (top quartile).
3Y return: 23.92% (top quartile).
1Y return: 7.85% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.42 (upper mid).
Information ratio: 0.00 (upper mid).

Edelweiss Mid Cap Fund

Upper mid AUM (₹15,911 Cr).
Established history (18+ yrs).
Rating: 3★ (upper mid).
Risk profile: High.
5Y return: 18.91% (upper mid).
3Y return: 22.02% (upper mid).
1Y return: 4.92% (upper mid).
Alpha: -0.24 (lower mid).
Sharpe: 0.33 (upper mid).
Information ratio: 0.31 (top quartile).

ICICI Prudential MidCap Fund

Lower mid AUM (₹7,557 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 18.62% (upper mid).
3Y return: 24.30% (top quartile).
1Y return: 14.42% (top quartile).
Alpha: 11.02 (top quartile).
Sharpe: 0.85 (top quartile).
Information ratio: 0.64 (top quartile).

Sundaram Mid Cap Fund

Upper mid AUM (₹13,378 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.36% (upper mid).
3Y return: 21.62% (upper mid).
1Y return: 6.62% (upper mid).
Alpha: 0.31 (upper mid).
Sharpe: 0.36 (upper mid).
Information ratio: 0.26 (upper mid).

BNP Paribas Mid Cap Fund

Bottom quartile AUM (₹2,389 Cr).
Established history (20+ yrs).
Rating: 3★ (top quartile).
Risk profile: High.
5Y return: 15.99% (lower mid).
3Y return: 19.05% (upper mid).
1Y return: 8.60% (top quartile).
Alpha: 1.99 (top quartile).
Sharpe: 0.46 (top quartile).
Information ratio: -0.52 (lower mid).

TATA Mid Cap Growth Fund

Bottom quartile AUM (₹5,604 Cr).
Established history (31+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 15.74% (lower mid).
3Y return: 17.37% (bottom quartile).
1Y return: 4.91% (lower mid).
Alpha: -0.51 (lower mid).
Sharpe: 0.32 (lower mid).
Information ratio: -0.64 (bottom quartile).

Aditya Birla Sun Life Midcap Fund

Bottom quartile AUM (₹6,290 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 15.74% (lower mid).
3Y return: 17.89% (lower mid).
1Y return: 4.34% (lower mid).
Alpha: -2.10 (lower mid).
Sharpe: 0.24 (lower mid).
Information ratio: -0.61 (lower mid).

SBI Magnum Mid Cap Fund

Upper mid AUM (₹23,247 Cr).
Established history (21+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.82% (bottom quartile).
3Y return: 12.01% (bottom quartile).
1Y return: -0.07% (bottom quartile).
Alpha: -6.64 (bottom quartile).
Sharpe: 0.02 (bottom quartile).
Information ratio: -1.50 (bottom quartile).

Franklin India Prima Fund

Lower mid AUM (₹12,102 Cr).
Oldest track record among peers (32 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.74% (bottom quartile).
3Y return: 17.39% (lower mid).
1Y return: -0.65% (bottom quartile).
Alpha: -7.42 (bottom quartile).
Sharpe: -0.04 (bottom quartile).
Information ratio: -0.74 (bottom quartile).

Axis Mid Cap Fund

Top quartile AUM (₹32,276 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.33% (bottom quartile).
3Y return: 16.64% (bottom quartile).
1Y return: 4.72% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.31 (lower mid).
Information ratio: 0.00 (upper mid).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 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: 10+ 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.

Why Trust Us

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Education-focused: We simplify complex concepts for everyday investors.

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 (₹35,735 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.34% (top quartile).
3Y return: 17.67% (bottom quartile).
1Y return: -7.07% (bottom quartile).
Alpha: -14.22 (bottom quartile).
Sharpe: -0.34 (bottom quartile).
Information ratio: -0.21 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
Largest holding One97 Communications Ltd (~7.3%).

Below is the key information for Motilal Oswal Midcap 30 Fund

Motilal Oswal Midcap 30 Fund Growth
Launch Date	24 Feb 14
NAV (16 Jun 26)	₹93.8024 ↑ 0.41 (0.44 %)
Net Assets (Cr)	₹35,735 on 30 Apr 26
Category	Equity - Mid Cap
AMC	Motilal Oswal Asset Management Co. Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.56
Sharpe Ratio	-0.34
Information Ratio	-0.21
Alpha Ratio	-14.22
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
31 May 21	₹10,000
31 May 22	₹12,783
31 May 23	₹16,334
31 May 24	₹24,357
31 May 25	₹29,158
31 May 26	₹26,947

Motilal Oswal Midcap 30 Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033 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 16 Jun 26

Duration	Returns
1 Month	3.3%
3 Month	13.1%
6 Month	-6.2%
1 Year	-7.1%
3 Year	17.7%
5 Year	21.3%
10 Year
15 Year
Since launch	19.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-12.1%
2023	57.1%
2022	41.7%
2021	10.7%
2020	55.8%
2019	9.3%
2018	9.7%
2017	-12.7%
2016	30.8%
2015	5.2%

Fund Manager information for Motilal Oswal Midcap 30 Fund

Name	Since	Tenure
Varun Sharma	21 Jan 26	0.36 Yr.
Swapnil Mayekar	18 Nov 25	0.53 Yr.
Ajay Khandelwal	1 Oct 24	1.67 Yr.
Ankit Agarwal	21 Jan 26	0.36 Yr.
Rakesh Shetty	22 Nov 22	3.53 Yr.

Data below for Motilal Oswal Midcap 30 Fund as on 30 Apr 26

Equity Sector Allocation

Sector	Value
Financial Services	31.93%
Technology	24.11%
Consumer Cyclical	15.01%
Industrials	11.61%
Communication Services	8.19%
Real Estate	2.91%
Health Care	2.23%

Asset Allocation

Asset Class	Value
Cash	4%
Equity	96%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
One97 Communications Ltd (Technology) Equity, Since 30 Sep 24 \| PAYTM	7%	₹2,604 Cr	23,765,865
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 29 Feb 24 \| KALYANKJIL	7%	₹2,535 Cr	61,413,395
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 25 \| ETERNAL	6%	₹2,085 Cr	84,386,866
Coforge Ltd (Technology) Equity, Since 31 Mar 23 \| COFORGE	6%	₹1,995 Cr	16,682,915 ↓ -400,000
KEI Industries Ltd (Industrials) Equity, Since 30 Nov 24 \| KEI	5%	₹1,958 Cr	4,030,834
Persistent Systems Ltd (Technology) Equity, Since 31 Jan 23 \| PERSISTENT	5%	₹1,933 Cr	4,026,493
Aditya Birla Capital Ltd (Financial Services) Equity, Since 30 Jun 25 \| ABCAPITAL	5%	₹1,847 Cr	53,459,381
Billionbrains Garage Ventures Ltd (Financial Services) Equity, Since 31 Jan 26 \| GROWW	5%	₹1,819 Cr	84,616,660 ↓ -2,151,856
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 25 \| BHARTIARTL	5%	₹1,789 Cr	9,483,812
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 Jan 26 \| MCX	4%	₹1,548 Cr	5,209,458 ↓ -100,000

2. 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 (₹11,767 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 20.10% (upper mid).
3Y return: 23.92% (upper mid).
1Y return: 7.85% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.42 (upper mid).
Information ratio: 0.00 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~100%).
Largest holding Prestige Estates Projects Ltd (~6.2%).

Below is the key information for Invesco India Mid Cap Fund

Invesco India Mid Cap Fund Growth
Launch Date	19 Apr 07
NAV (16 Jun 26)	₹189.33 ↑ 1.29 (0.69 %)
Net Assets (Cr)	₹11,767 on 30 Apr 26
Category	Equity - Mid Cap
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.82
Sharpe Ratio	0.42
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
31 May 21	₹10,000
31 May 22	₹10,957
31 May 23	₹12,922
31 May 24	₹18,730
31 May 25	₹22,914
31 May 26	₹24,800

Invesco India Mid Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644 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 16 Jun 26

Duration	Returns
1 Month	4.6%
3 Month	15.9%
6 Month	3.6%
1 Year	7.8%
3 Year	23.9%
5 Year	20.1%
10 Year
15 Year
Since launch	16.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.3%
2023	43.1%
2022	34.1%
2021	0.5%
2020	43.1%
2019	24.4%
2018	3.8%
2017	-5.3%
2016	44.3%
2015	1.1%

Fund Manager information for Invesco India Mid Cap Fund

Name	Since	Tenure
Aditya Khemani	9 Nov 23	2.56 Yr.

Data below for Invesco India Mid Cap Fund as on 30 Apr 26

Equity Sector Allocation

Sector	Value
Financial Services	31.83%
Health Care	18.66%
Consumer Cyclical	16.99%
Industrials	13.33%
Real Estate	8.93%
Basic Materials	4.09%
Technology	4%
Utility	2.02%

Asset Allocation

Asset Class	Value
Cash	0.15%
Equity	99.85%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Prestige Estates Projects Ltd (Real Estate) Equity, Since 30 Nov 23 \| PRESTIGE	6%	₹728 Cr	5,146,315 ↑ 962,063
BSE Ltd (Financial Services) Equity, Since 31 Dec 23 \| BSE	6%	₹691 Cr	1,899,237
The Federal Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| FEDERALBNK	5%	₹640 Cr	22,304,132
AU Small Finance Bank Ltd (Financial Services) Equity, Since 31 Jul 25 \| 540611	5%	₹603 Cr	5,936,790
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 25 \| ETERNAL	4%	₹528 Cr	21,367,256 ↑ 11,846,356
Max Healthcare Institute Ltd Ordinary Shares (Healthcare) Equity, Since 31 Dec 22 \| MAXHEALTH	4%	₹520 Cr	5,241,044 ↑ 466,848
Global Health Ltd (Healthcare) Equity, Since 30 Nov 23 \| MEDANTA	4%	₹511 Cr	4,577,395 ↑ 546,806
InterGlobe Aviation Ltd (Industrials) Equity, Since 30 Apr 24 \| INDIGO	4%	₹487 Cr	1,133,153 ↑ 90,112
IndusInd Bank Ltd (Financial Services) Equity, Since 31 Jan 26 \| INDUSINDBK	4%	₹473 Cr	5,164,015 ↑ 234,829
L&T Finance Ltd (Financial Services) Equity, Since 31 Dec 23 \| LTF	4%	₹471 Cr	16,854,973

3. 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

Upper mid AUM (₹15,911 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 18.91% (lower mid).
3Y return: 22.02% (lower mid).
1Y return: 4.92% (bottom quartile).
Alpha: -0.24 (bottom quartile).
Sharpe: 0.33 (bottom quartile).
Information ratio: 0.31 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
Largest holding Multi Commodity Exchange of India Ltd (~3.2%).

Below is the key information for Edelweiss Mid Cap Fund

Edelweiss Mid Cap Fund Growth
Launch Date	26 Dec 07
NAV (16 Jun 26)	₹105.864 ↑ 0.19 (0.18 %)
Net Assets (Cr)	₹15,911 on 30 Apr 26
Category	Equity - Mid Cap
AMC	Edelweiss Asset Management Limited
Rating	☆☆☆
Risk	High
Expense Ratio	1.75
Sharpe Ratio	0.33
Information Ratio	0.31
Alpha Ratio	-0.24
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
31 May 21	₹10,000
31 May 22	₹11,153
31 May 23	₹13,170
31 May 24	₹19,765
31 May 25	₹23,043
31 May 26	₹24,836

Edelweiss Mid Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656 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 16 Jun 26

Duration	Returns
1 Month	1.4%
3 Month	11.1%
6 Month	2.9%
1 Year	4.9%
3 Year	22%
5 Year	18.9%
10 Year
15 Year
Since launch	13.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	3.8%
2023	38.9%
2022	38.4%
2021	2.4%
2020	50.3%
2019	26.4%
2018	5.2%
2017	-15.7%
2016	52.3%
2015	2.5%

Fund Manager information for Edelweiss Mid Cap Fund

Name	Since	Tenure
Dhruv Bhatia	14 Oct 24	1.63 Yr.
Trideep Bhattacharya	1 Oct 21	4.67 Yr.
Raj Koradia	1 Aug 24	1.83 Yr.

Data below for Edelweiss Mid Cap Fund as on 30 Apr 26

Equity Sector Allocation

Sector	Value
Financial Services	30.34%
Industrials	14.73%
Consumer Cyclical	12.38%
Basic Materials	10.8%
Health Care	7.51%
Technology	5.01%
Consumer Defensive	4.75%
Communication Services	2.82%
Utility	2.75%
Real Estate	2.2%
Energy	1.72%

Asset Allocation

Asset Class	Value
Cash	4.98%
Equity	95.02%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	3%	₹501 Cr	1,687,419 ↑ 314,474
The Federal Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| FEDERALBNK	3%	₹459 Cr	15,989,768 ↑ 569,217
BSE Ltd (Financial Services) Equity, Since 31 Mar 24 \| BSE	3%	₹422 Cr	1,159,622 ↑ 240,951
AU Small Finance Bank Ltd (Financial Services) Equity, Since 31 Aug 25 \| 540611	2%	₹353 Cr	3,474,160 ↑ 123,676
Marico Ltd (Consumer Defensive) Equity, Since 31 Oct 24 \| 531642	2%	₹342 Cr	4,417,032
Fortis Healthcare Ltd (Healthcare) Equity, Since 30 Sep 23 \| 532843	2%	₹331 Cr	3,582,169 ↑ 127,521
Solar Industries India Ltd (Basic Materials) Equity, Since 30 Sep 12 \| SOLARINDS	2%	₹296 Cr	191,583 ↑ 6,820
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 31 Mar 26 \| 500103	2%	₹276 Cr	7,829,815 ↑ 2,590,057
Indian Bank (Financial Services) Equity, Since 31 Jan 21 \| 532814	2%	₹276 Cr	3,235,735 ↑ 115,188
Torrent Power Ltd (Utilities) Equity, Since 28 Feb 25 \| 532779	2%	₹275 Cr	1,584,025 ↑ 56,389

4. 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 (₹7,557 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 18.62% (bottom quartile).
3Y return: 24.30% (top quartile).
1Y return: 14.42% (top quartile).
Alpha: 11.02 (top quartile).
Sharpe: 0.85 (top quartile).
Information ratio: 0.64 (top quartile).
Higher exposure to Industrials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Multi Commodity Exchange of India Ltd (~4.9%).

Below is the key information for ICICI Prudential MidCap Fund

ICICI Prudential MidCap Fund Growth
Launch Date	28 Oct 04
NAV (16 Jun 26)	₹340.88 ↑ 0.77 (0.23 %)
Net Assets (Cr)	₹7,557 on 30 Apr 26
Category	Equity - Mid Cap
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.88
Sharpe Ratio	0.85
Information Ratio	0.64
Alpha Ratio	11.02
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
31 May 21	₹10,000
31 May 22	₹10,868
31 May 23	₹12,173
31 May 24	₹19,096
31 May 25	₹20,630
31 May 26	₹24,256

ICICI Prudential MidCap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656 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 16 Jun 26

Duration	Returns
1 Month	2.2%
3 Month	15%
6 Month	10.3%
1 Year	14.4%
3 Year	24.3%
5 Year	18.6%
10 Year
15 Year
Since launch	17.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	11.1%
2023	27%
2022	32.8%
2021	3.1%
2020	44.8%
2019	19.1%
2018	-0.6%
2017	-10.8%
2016	42.9%
2015	4.8%

Fund Manager information for ICICI Prudential MidCap Fund

Name	Since	Tenure
Lalit Kumar	1 Jul 22	3.92 Yr.
Sharmila D’mello	31 Jul 22	3.84 Yr.

Data below for ICICI Prudential MidCap Fund as on 30 Apr 26

Equity Sector Allocation

Sector	Value
Industrials	23.47%
Basic Materials	23.38%
Financial Services	22.64%
Consumer Cyclical	12.4%
Real Estate	5.46%
Energy	3.14%
Communication Services	2.64%
Health Care	1.5%
Technology	1.07%
Utility	0.15%

Asset Allocation

Asset Class	Value
Cash	1.98%
Equity	98.02%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	5%	₹368 Cr	1,239,860
BSE Ltd (Financial Services) Equity, Since 30 Apr 24 \| BSE	5%	₹368 Cr	1,011,840
Jindal Steel Ltd (Basic Materials) Equity, Since 31 Jan 22 \| 532286	5%	₹341 Cr	2,786,470
Apar Industries Ltd (Industrials) Equity, Since 31 Jan 25 \| APARINDS	4%	₹325 Cr	263,711
Muthoot Finance Ltd (Financial Services) Equity, Since 30 Nov 23 \| 533398	4%	₹282 Cr	824,501
APL Apollo Tubes Ltd (Basic Materials) Equity, Since 30 Sep 22 \| APLAPOLLO	4%	₹271 Cr	1,425,196
Jindal Stainless Ltd (Basic Materials) Equity, Since 31 Aug 22 \| JSL	3%	₹238 Cr	3,106,731
Hindustan Petroleum Corp Ltd (Energy) Equity, Since 31 Mar 26 \| HINDPETRO	3%	₹237 Cr	6,333,739 ↑ 1,500,000
PB Fintech Ltd (Financial Services) Equity, Since 31 May 24 \| POLICYBZR	3%	₹235 Cr	1,408,585
UPL Ltd (Basic Materials) Equity, Since 31 Oct 22 \| UPL	3%	₹222 Cr	3,465,469

5. 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

Lower mid AUM (₹13,378 Cr).
Oldest track record among peers (23 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.36% (bottom quartile).
3Y return: 21.62% (bottom quartile).
1Y return: 6.62% (lower mid).
Alpha: 0.31 (upper mid).
Sharpe: 0.36 (lower mid).
Information ratio: 0.26 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Cummins India Ltd (~3.3%).

Below is the key information for Sundaram Mid Cap Fund

Sundaram Mid Cap Fund Growth
Launch Date	30 Jul 02
NAV (16 Jun 26)	₹1,455.23 ↑ 6.51 (0.45 %)
Net Assets (Cr)	₹13,378 on 30 Apr 26
Category	Equity - Mid Cap
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.75
Sharpe Ratio	0.36
Information Ratio	0.26
Alpha Ratio	0.31
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
31 May 21	₹10,000
31 May 22	₹10,905
31 May 23	₹12,886
31 May 24	₹19,697
31 May 25	₹22,307
31 May 26	₹23,938

Sundaram Mid Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656 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 16 Jun 26

Duration	Returns
1 Month	2.5%
3 Month	11.6%
6 Month	2.8%
1 Year	6.6%
3 Year	21.6%
5 Year	18.4%
10 Year
15 Year
Since launch	23.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	4.1%
2023	32%
2022	40.4%
2021	4.8%
2020	37.5%
2019	11.8%
2018	-0.3%
2017	-15.4%
2016	40.8%
2015	11.3%

Fund Manager information for Sundaram Mid Cap Fund

Name	Since	Tenure
S. Bharath	24 Feb 21	5.27 Yr.
Shalav Saket	31 Dec 25	0.42 Yr.

Data below for Sundaram Mid Cap Fund as on 30 Apr 26

Equity Sector Allocation

Sector	Value
Financial Services	21.44%
Industrials	17.17%
Consumer Cyclical	15.42%
Health Care	9.48%
Basic Materials	8.9%
Technology	8.08%
Consumer Defensive	5.5%
Utility	3.85%
Real Estate	3.21%
Communication Services	2.22%
Energy	1.51%

Asset Allocation

Asset Class	Value
Cash	3.21%
Equity	96.78%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Cummins India Ltd (Industrials) Equity, Since 31 Dec 17 \| 500480	3%	₹448 Cr	850,000 ↓ -220,000
GE Vernova T&D India Ltd (Industrials) Equity, Since 30 Sep 24 \| 522275	3%	₹447 Cr	1,000,000 ↓ -125,000
Mahindra & Mahindra Financial Services Ltd (Financial Services) Equity, Since 31 Jan 24 \| M&MFIN	3%	₹357 Cr	11,498,475
BSE Ltd (Financial Services) Equity, Since 31 May 24 \| BSE	3%	₹344 Cr	945,165
Coromandel International Ltd (Basic Materials) Equity, Since 30 Nov 10 \| 506395	2%	₹325 Cr	1,642,029
The Federal Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| FEDERALBNK	2%	₹298 Cr	10,399,688
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 31 Mar 21 \| KALYANKJIL	2%	₹278 Cr	6,735,835
IDFC First Bank Ltd (Financial Services) Equity, Since 30 Jun 25 \| IDFCFIRSTB	2%	₹267 Cr	38,278,844
Max Financial Services Ltd (Financial Services) Equity, Since 30 Jun 16 \| 500271	2%	₹266 Cr	1,675,000 ↑ 735,000
Marico Ltd (Consumer Defensive) Equity, Since 30 Jun 24 \| 531642	2%	₹263 Cr	3,395,879

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.