Best Mid Cap Mutual Funds 2026

Updated on August 12, 2026 , 91107 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 (%)	2025 (%)
Motilal Oswal Midcap 30 Fund Growth	₹104.11 ↓ -0.91	₹37,474	14.5	12.6	2.3	20.6	22.2	-12.1
Invesco India Mid Cap Fund Growth	₹199.03 ↓ -1.20	₹13,767	9.3	10	10.9	24.5	19.6	6.3
Edelweiss Mid Cap Fund Growth	₹110.148 ↓ -0.36	₹17,748	5.2	7	10.8	22.3	18.5	3.8
Sundaram Mid Cap Fund Growth	₹1,528.87 ↓ -3.82	₹14,026	7.4	7.4	11.8	20.9	18.1	4.1
ICICI Prudential MidCap Fund Growth	₹346.27 ↓ -1.92	₹7,846	3.1	8.6	18.2	23.4	17.9	11.1
BNP Paribas Mid Cap Fund Growth	₹113.338 ↓ -0.34	₹2,513	5.1	7.9	14.7	18	15.3	2.5
TATA Mid Cap Growth Fund Growth	₹469.937 ↓ -0.59	₹5,868	5.4	5.9	11.1	16.3	15.3	5.8
Aditya Birla Sun Life Midcap Fund Growth	₹862.47 ↓ -3.25	₹6,624	7.9	9.4	11.5	17.4	15	4.4
Franklin India Prima Fund Growth	₹2,877.12 ↓ -13.51	₹12,490	8.1	5	6.9	17.8	14.9	1.6
SBI Magnum Mid Cap Fund Growth	₹244.129 ↓ -0.52	₹24,127	3.9	4.8	8.7	13	14.3	0.4
Axis Mid Cap Fund Growth	₹122.57 ↓ -0.38	₹33,803	6.5	8.6	9.4	17.4	13.9	1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Aug 26

Research Highlights & Commentary of 11 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Invesco India Mid Cap Fund	Edelweiss 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	Franklin India Prima Fund	SBI Magnum Mid Cap Fund	Axis Mid Cap Fund
Point 1	Highest AUM (₹37,474 Cr).	Lower mid AUM (₹13,767 Cr).	Upper mid AUM (₹17,748 Cr).	Upper mid AUM (₹14,026 Cr).	Lower mid AUM (₹7,846 Cr).	Bottom quartile AUM (₹2,513 Cr).	Bottom quartile AUM (₹5,868 Cr).	Bottom quartile AUM (₹6,624 Cr).	Lower mid AUM (₹12,490 Cr).	Upper mid AUM (₹24,127 Cr).	Top quartile AUM (₹33,803 Cr).
Point 2	Established history (12+ yrs).	Established history (19+ yrs).	Established history (18+ yrs).	Established history (24+ yrs).	Established history (21+ yrs).	Established history (20+ yrs).	Oldest track record among peers (32 yrs).	Established history (23+ yrs).	Established history (32+ yrs).	Established history (21+ yrs).	Established history (15+ yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Top rated.	Rating: 2★ (bottom quartile).	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: 22.19% (top quartile).	5Y return: 19.59% (top quartile).	5Y return: 18.47% (upper mid).	5Y return: 18.12% (upper mid).	5Y return: 17.94% (upper mid).	5Y return: 15.30% (lower mid).	5Y return: 15.28% (lower mid).	5Y return: 14.99% (lower mid).	5Y return: 14.92% (bottom quartile).	5Y return: 14.31% (bottom quartile).	5Y return: 13.86% (bottom quartile).
Point 6	3Y return: 20.55% (upper mid).	3Y return: 24.47% (top quartile).	3Y return: 22.26% (upper mid).	3Y return: 20.95% (upper mid).	3Y return: 23.39% (top quartile).	3Y return: 18.02% (lower mid).	3Y return: 16.34% (bottom quartile).	3Y return: 17.37% (bottom quartile).	3Y return: 17.81% (lower mid).	3Y return: 13.02% (bottom quartile).	3Y return: 17.44% (lower mid).
Point 7	1Y return: 2.35% (bottom quartile).	1Y return: 10.87% (lower mid).	1Y return: 10.78% (lower mid).	1Y return: 11.77% (upper mid).	1Y return: 18.16% (top quartile).	1Y return: 14.67% (top quartile).	1Y return: 11.14% (upper mid).	1Y return: 11.50% (upper mid).	1Y return: 6.88% (bottom quartile).	1Y return: 8.68% (bottom quartile).	1Y return: 9.37% (lower mid).
Point 8	Alpha: -14.72 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: -1.09 (lower mid).	Alpha: 0.71 (upper mid).	Alpha: 6.02 (top quartile).	Alpha: 3.32 (top quartile).	Alpha: -0.52 (lower mid).	Alpha: -0.17 (lower mid).	Alpha: -6.86 (bottom quartile).	Alpha: -3.96 (bottom quartile).	Alpha: 0.00 (upper mid).
Point 9	Sharpe: -0.71 (bottom quartile).	Sharpe: 0.19 (upper mid).	Sharpe: -0.04 (lower mid).	Sharpe: 0.06 (upper mid).	Sharpe: 0.32 (top quartile).	Sharpe: 0.22 (top quartile).	Sharpe: -0.01 (lower mid).	Sharpe: 0.01 (upper mid).	Sharpe: -0.35 (bottom quartile).	Sharpe: -0.18 (bottom quartile).	Sharpe: -0.06 (lower mid).
Point 10	Information ratio: -0.25 (lower mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.48 (top quartile).	Information ratio: 0.32 (upper mid).	Information ratio: 0.87 (top quartile).	Information ratio: -0.21 (lower mid).	Information ratio: -0.66 (bottom quartile).	Information ratio: -0.44 (lower mid).	Information ratio: -0.66 (bottom quartile).	Information ratio: -1.40 (bottom quartile).	Information ratio: 0.00 (upper mid).

Motilal Oswal Midcap 30 Fund

Highest AUM (₹37,474 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 22.19% (top quartile).
3Y return: 20.55% (upper mid).
1Y return: 2.35% (bottom quartile).
Alpha: -14.72 (bottom quartile).
Sharpe: -0.71 (bottom quartile).
Information ratio: -0.25 (lower mid).

Invesco India Mid Cap Fund

Lower mid AUM (₹13,767 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.59% (top quartile).
3Y return: 24.47% (top quartile).
1Y return: 10.87% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.19 (upper mid).
Information ratio: 0.00 (upper mid).

Edelweiss Mid Cap Fund

Upper mid AUM (₹17,748 Cr).
Established history (18+ yrs).
Rating: 3★ (upper mid).
Risk profile: High.
5Y return: 18.47% (upper mid).
3Y return: 22.26% (upper mid).
1Y return: 10.78% (lower mid).
Alpha: -1.09 (lower mid).
Sharpe: -0.04 (lower mid).
Information ratio: 0.48 (top quartile).

Sundaram Mid Cap Fund

Upper mid AUM (₹14,026 Cr).
Established history (24+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.12% (upper mid).
3Y return: 20.95% (upper mid).
1Y return: 11.77% (upper mid).
Alpha: 0.71 (upper mid).
Sharpe: 0.06 (upper mid).
Information ratio: 0.32 (upper mid).

ICICI Prudential MidCap Fund

Lower mid AUM (₹7,846 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.94% (upper mid).
3Y return: 23.39% (top quartile).
1Y return: 18.16% (top quartile).
Alpha: 6.02 (top quartile).
Sharpe: 0.32 (top quartile).
Information ratio: 0.87 (top quartile).

BNP Paribas Mid Cap Fund

Bottom quartile AUM (₹2,513 Cr).
Established history (20+ yrs).
Rating: 3★ (top quartile).
Risk profile: High.
5Y return: 15.30% (lower mid).
3Y return: 18.02% (lower mid).
1Y return: 14.67% (top quartile).
Alpha: 3.32 (top quartile).
Sharpe: 0.22 (top quartile).
Information ratio: -0.21 (lower mid).

TATA Mid Cap Growth Fund

Bottom quartile AUM (₹5,868 Cr).
Oldest track record among peers (32 yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 15.28% (lower mid).
3Y return: 16.34% (bottom quartile).
1Y return: 11.14% (upper mid).
Alpha: -0.52 (lower mid).
Sharpe: -0.01 (lower mid).
Information ratio: -0.66 (bottom quartile).

Aditya Birla Sun Life Midcap Fund

Bottom quartile AUM (₹6,624 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.99% (lower mid).
3Y return: 17.37% (bottom quartile).
1Y return: 11.50% (upper mid).
Alpha: -0.17 (lower mid).
Sharpe: 0.01 (upper mid).
Information ratio: -0.44 (lower mid).

Franklin India Prima Fund

Lower mid AUM (₹12,490 Cr).
Established history (32+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.92% (bottom quartile).
3Y return: 17.81% (lower mid).
1Y return: 6.88% (bottom quartile).
Alpha: -6.86 (bottom quartile).
Sharpe: -0.35 (bottom quartile).
Information ratio: -0.66 (bottom quartile).

SBI Magnum Mid Cap Fund

Upper mid AUM (₹24,127 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.31% (bottom quartile).
3Y return: 13.02% (bottom quartile).
1Y return: 8.68% (bottom quartile).
Alpha: -3.96 (bottom quartile).
Sharpe: -0.18 (bottom quartile).
Information ratio: -1.40 (bottom quartile).

Axis Mid Cap Fund

Top quartile AUM (₹33,803 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.86% (bottom quartile).
3Y return: 17.44% (lower mid).
1Y return: 9.37% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.06 (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.

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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 (₹37,474 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 22.19% (top quartile).
3Y return: 20.55% (bottom quartile).
1Y return: 2.35% (bottom quartile).
Alpha: -14.72 (bottom quartile).
Sharpe: -0.71 (bottom quartile).
Information ratio: -0.25 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
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 (14 Aug 26)	₹104.11 ↓ -0.91 (-0.87 %)
Net Assets (Cr)	₹37,474 on 30 Jun 26
Category	Equity - Mid Cap
AMC	Motilal Oswal Asset Management Co. Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.56
Sharpe Ratio	-0.71
Information Ratio	-0.25
Alpha Ratio	-14.72
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 Jul 21	₹10,000
31 Jul 22	₹12,488
31 Jul 23	₹15,748
31 Jul 24	₹26,692
31 Jul 25	₹27,117
31 Jul 26	₹26,669

Motilal Oswal Midcap 30 Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691 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 14 Aug 26

Duration	Returns
1 Month	5.3%
3 Month	14.5%
6 Month	12.6%
1 Year	2.3%
3 Year	20.6%
5 Year	22.2%
10 Year
15 Year
Since launch	20.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-12.1%
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%

Fund Manager information for Motilal Oswal Midcap 30 Fund

Name	Since	Tenure
Varun Sharma	21 Jan 26	0.53 Yr.
Swapnil Mayekar	18 Nov 25	0.7 Yr.
Ajay Khandelwal	1 Oct 24	1.83 Yr.
Ankit Agarwal	21 Jan 26	0.53 Yr.
Rakesh Shetty	22 Nov 22	3.69 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	31.53%
Technology	26.25%
Industrials	15.4%
Consumer Cyclical	14.49%
Real Estate	3.1%
Communication Services	2.97%
Health Care	2.8%
Consumer Defensive	0.57%

Asset Allocation

Asset Class	Value
Cash	2.89%
Equity	97.11%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
One97 Communications Ltd (Technology) Equity, Since 30 Sep 24 \| PAYTM	7%	₹2,751 Cr	24,100,476 ↑ 334,611
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 29 Feb 24 \| KALYANKJIL	6%	₹2,375 Cr	61,413,395
Coforge Ltd (Technology) Equity, Since 31 Mar 23 \| COFORGE	6%	₹2,265 Cr	15,453,312 ↓ -250,000
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 25 \| ETERNAL	6%	₹2,233 Cr	84,386,866
KEI Industries Ltd (Industrials) Equity, Since 30 Nov 24 \| KEI	6%	₹2,101 Cr	3,870,834 ↓ -160,000
Aditya Birla Capital Ltd (Financial Services) Equity, Since 30 Jun 25 \| ABCAPITAL	5%	₹2,056 Cr	52,459,381
Persistent Systems Ltd (Technology) Equity, Since 31 Jan 23 \| PERSISTENT	5%	₹1,720 Cr	3,976,493 ↓ -50,000
Billionbrains Garage Ventures Ltd (Financial Services) Equity, Since 31 Jan 26 \| GROWW	5%	₹1,710 Cr	84,616,660
Shriram Finance Ltd (Financial Services) Equity, Since 31 Jan 26 \| SHRIRAMFIN	4%	₹1,416 Cr	13,590,867 ↑ 1,116,515
BSE Ltd (Financial Services) Equity, Since 30 Nov 25 \| BSE	4%	₹1,353 Cr	3,500,830

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 (₹13,767 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.59% (upper mid).
3Y return: 24.47% (top quartile).
1Y return: 10.87% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.19 (upper mid).
Information ratio: 0.00 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding Prestige Estates Projects Ltd (~7.1%).

Below is the key information for Invesco India Mid Cap Fund

Invesco India Mid Cap Fund Growth
Launch Date	19 Apr 07
NAV (14 Aug 26)	₹199.03 ↓ -1.20 (-0.60 %)
Net Assets (Cr)	₹13,767 on 30 Jun 26
Category	Equity - Mid Cap
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.82
Sharpe Ratio	0.19
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 Jul 21	₹10,000
31 Jul 22	₹10,219
31 Jul 23	₹12,600
31 Jul 24	₹19,551
31 Jul 25	₹21,829
31 Jul 26	₹24,059

Invesco India Mid Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520 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 14 Aug 26

Duration	Returns
1 Month	0.7%
3 Month	9.3%
6 Month	10%
1 Year	10.9%
3 Year	24.5%
5 Year	19.6%
10 Year
15 Year
Since launch	16.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.3%
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%

Fund Manager information for Invesco India Mid Cap Fund

Name	Since	Tenure
Aditya Khemani	9 Nov 23	2.73 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	28.81%
Consumer Cyclical	19.95%
Health Care	17.65%
Industrials	13.86%
Real Estate	9.67%
Technology	3.8%
Basic Materials	3.66%
Utility	1.97%

Asset Allocation

Asset Class	Value
Cash	0.63%
Equity	99.37%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Prestige Estates Projects Ltd (Real Estate) Equity, Since 30 Nov 23 \| PRESTIGE	7%	₹976 Cr	6,236,588 ↑ 939,982
The Federal Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| FEDERALBNK	6%	₹768 Cr	23,278,440 ↑ 974,308
BSE Ltd (Financial Services) Equity, Since 31 Dec 23 \| BSE	5%	₹699 Cr	1,809,521
AU Small Finance Bank Ltd (Financial Services) Equity, Since 31 Jul 25 \| 540611	4%	₹616 Cr	5,936,790
Meesho Ltd (Consumer Cyclical) Equity, Since 30 Jun 26 \| MEESHO	4%	₹615 Cr	31,970,414 ↑ 31,970,414
Global Health Ltd (Healthcare) Equity, Since 30 Nov 23 \| MEDANTA	4%	₹601 Cr	4,577,395
Max Healthcare Institute Ltd Ordinary Shares (Healthcare) Equity, Since 31 Dec 22 \| MAXHEALTH	4%	₹592 Cr	5,241,044
InterGlobe Aviation Ltd (Industrials) Equity, Since 30 Apr 24 \| INDIGO	4%	₹575 Cr	1,071,057 ↓ -115,381
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 25 \| ETERNAL	4%	₹544 Cr	20,552,364 ↓ -1,614,338
L&T Finance Ltd (Financial Services) Equity, Since 31 Dec 23 \| LTF	4%	₹524 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 (₹17,748 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 18.47% (lower mid).
3Y return: 22.26% (lower mid).
1Y return: 10.78% (bottom quartile).
Alpha: -1.09 (bottom quartile).
Sharpe: -0.04 (bottom quartile).
Information ratio: 0.48 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
Largest holding The Federal Bank Ltd (~3.9%).

Below is the key information for Edelweiss Mid Cap Fund

Edelweiss Mid Cap Fund Growth
Launch Date	26 Dec 07
NAV (14 Aug 26)	₹110.148 ↓ -0.36 (-0.32 %)
Net Assets (Cr)	₹17,748 on 30 Jun 26
Category	Equity - Mid Cap
AMC	Edelweiss Asset Management Limited
Rating	☆☆☆
Risk	High
Expense Ratio	1.75
Sharpe Ratio	-0.04
Information Ratio	0.48
Alpha Ratio	-1.09
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 Jul 21	₹10,000
31 Jul 22	₹10,533
31 Jul 23	₹12,719
31 Jul 24	₹20,245
31 Jul 25	₹20,918
31 Jul 26	₹22,844

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 14 Aug 26

Duration	Returns
1 Month	2.2%
3 Month	5.2%
6 Month	7%
1 Year	10.8%
3 Year	22.3%
5 Year	18.5%
10 Year
15 Year
Since launch	13.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	3.8%
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%

Fund Manager information for Edelweiss Mid Cap Fund

Name	Since	Tenure
Dhruv Bhatia	14 Oct 24	1.79 Yr.
Trideep Bhattacharya	1 Oct 21	4.83 Yr.
Raj Koradia	1 Aug 24	2 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	28.47%
Industrials	15.53%
Consumer Cyclical	12.73%
Basic Materials	10.16%
Health Care	10.08%
Technology	5.07%
Consumer Defensive	4.52%
Communication Services	2.84%
Utility	2.83%
Real Estate	2.3%
Energy	1.64%

Asset Allocation

Asset Class	Value
Cash	3.82%
Equity	96.18%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
The Federal Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| FEDERALBNK	4%	₹687 Cr	20,823,817 ↑ 3,921,648
BSE Ltd (Financial Services) Equity, Since 31 Mar 24 \| BSE	3%	₹462 Cr	1,196,328
Fortis Healthcare Ltd (Healthcare) Equity, Since 30 Sep 23 \| 532843	2%	₹400 Cr	4,181,418 ↑ 128,845
Marico Ltd (Consumer Defensive) Equity, Since 31 Oct 24 \| 531642	2%	₹393 Cr	4,701,724 ↑ 144,878
Solar Industries India Ltd (Basic Materials) Equity, Since 30 Sep 12 \| SOLARINDS	2%	₹381 Cr	203,930 ↑ 6,283
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	2%	₹381 Cr	1,341,342 ↓ -389,135
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 31 Mar 26 \| 500103	2%	₹334 Cr	8,077,656
IDFC First Bank Ltd (Financial Services) Equity, Since 31 Aug 25 \| IDFCFIRSTB	2%	₹316 Cr	39,695,054 ↑ 1,223,156
City Union Bank Ltd (Financial Services) Equity, Since 30 Apr 25 \| CUB	2%	₹315 Cr	15,122,245 ↑ 2,484,862
Ipca Laboratories Ltd (Healthcare) Equity, Since 30 Jun 24 \| 524494	2%	₹312 Cr	1,833,465 ↑ 420,328

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

Lower mid AUM (₹14,026 Cr).
Oldest track record among peers (24 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.12% (bottom quartile).
3Y return: 20.95% (bottom quartile).
1Y return: 11.77% (upper mid).
Alpha: 0.71 (upper mid).
Sharpe: 0.06 (lower mid).
Information ratio: 0.32 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
Largest holding Cummins India Ltd (~3.0%).

Below is the key information for Sundaram Mid Cap Fund

Sundaram Mid Cap Fund Growth
Launch Date	30 Jul 02
NAV (14 Aug 26)	₹1,528.87 ↓ -3.82 (-0.25 %)
Net Assets (Cr)	₹14,026 on 30 Jun 26
Category	Equity - Mid Cap
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.75
Sharpe Ratio	0.06
Information Ratio	0.32
Alpha Ratio	0.71
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 Jul 21	₹10,000
31 Jul 22	₹10,653
31 Jul 23	₹13,062
31 Jul 24	₹20,403
31 Jul 25	₹20,694
31 Jul 26	₹22,756

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 14 Aug 26

Duration	Returns
1 Month	2.8%
3 Month	7.4%
6 Month	7.4%
1 Year	11.8%
3 Year	20.9%
5 Year	18.1%
10 Year
15 Year
Since launch	23.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	4.1%
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%

Fund Manager information for Sundaram Mid Cap Fund

Name	Since	Tenure
S. Bharath	24 Feb 21	5.44 Yr.
Shalav Saket	31 Dec 25	0.58 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	22.57%
Industrials	19.78%
Consumer Cyclical	14.09%
Health Care	10.44%
Basic Materials	8.35%
Technology	8%
Consumer Defensive	5%
Real Estate	3.2%
Utility	2.34%
Energy	1.32%
Communication Services	1.2%

Asset Allocation

Asset Class	Value
Cash	3.68%
Equity	96.3%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Cummins India Ltd (Industrials) Equity, Since 31 Dec 17 \| 500480	3%	₹424 Cr	750,000
GE Vernova T&D India Ltd (Industrials) Equity, Since 30 Sep 24 \| 522275	3%	₹408 Cr	825,000 ↓ -75,000
Mahindra & Mahindra Financial Services Ltd (Financial Services) Equity, Since 31 Jan 24 \| M&MFIN	3%	₹369 Cr	11,700,000 ↑ 201,525
BSE Ltd (Financial Services) Equity, Since 31 May 24 \| BSE	3%	₹365 Cr	945,165
The Federal Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| FEDERALBNK	3%	₹362 Cr	10,962,188 ↑ 562,500
Coromandel International Ltd (Basic Materials) Equity, Since 30 Nov 10 \| 506395	2%	₹344 Cr	1,714,153 ↑ 72,124
Suzlon Energy Ltd (Industrials) Equity, Since 31 Jul 24 \| SUZLON	2%	₹340 Cr	57,725,000 ↑ 7,422,525
IDFC First Bank Ltd (Financial Services) Equity, Since 30 Jun 25 \| IDFCFIRSTB	2%	₹304 Cr	38,278,844
Max Financial Services Ltd (Financial Services) Equity, Since 30 Jun 16 \| 500271	2%	₹286 Cr	1,805,000
Marico Ltd (Consumer Defensive) Equity, Since 30 Jun 24 \| 531642	2%	₹276 Cr	3,300,000

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 (₹7,846 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.94% (bottom quartile).
3Y return: 23.39% (upper mid).
1Y return: 18.16% (top quartile).
Alpha: 6.02 (top quartile).
Sharpe: 0.32 (top quartile).
Information ratio: 0.87 (top quartile).
Higher exposure to Industrials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Apar Industries Ltd (~5.5%).

Below is the key information for ICICI Prudential MidCap Fund

ICICI Prudential MidCap Fund Growth
Launch Date	28 Oct 04
NAV (14 Aug 26)	₹346.27 ↓ -1.92 (-0.55 %)
Net Assets (Cr)	₹7,846 on 30 Jun 26
Category	Equity - Mid Cap
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.88
Sharpe Ratio	0.32
Information Ratio	0.87
Alpha Ratio	6.02
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 Jul 21	₹10,000
31 Jul 22	₹10,464
31 Jul 23	₹12,190
31 Jul 24	₹19,290
31 Jul 25	₹19,326
31 Jul 26	₹22,034

ICICI Prudential MidCap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 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 14 Aug 26

Duration	Returns
1 Month	2.9%
3 Month	3.1%
6 Month	8.6%
1 Year	18.2%
3 Year	23.4%
5 Year	17.9%
10 Year
15 Year
Since launch	17.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	11.1%
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%

Fund Manager information for ICICI Prudential MidCap Fund

Name	Since	Tenure
Lalit Kumar	1 Jul 22	4.09 Yr.
Sharmila D’mello	31 Jul 22	4.01 Yr.

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

Equity Sector Allocation

Sector	Value
Industrials	25.06%
Basic Materials	23.76%
Financial Services	21.74%
Consumer Cyclical	13.62%
Real Estate	5.61%
Energy	3.66%
Health Care	1.72%
Communication Services	1.42%
Technology	1.12%
Utility	0.19%

Asset Allocation

Asset Class	Value
Cash	2.1%
Equity	97.9%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Apar Industries Ltd (Industrials) Equity, Since 31 Jan 25 \| APARINDS	5%	₹430 Cr	273,711
BSE Ltd (Financial Services) Equity, Since 30 Apr 24 \| BSE	5%	₹391 Cr	1,011,840
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	4%	₹352 Cr	1,239,860
Jindal Steel Ltd (Basic Materials) Equity, Since 31 Jan 22 \| 532286	4%	₹295 Cr	2,786,470
Hindustan Petroleum Corp Ltd (Energy) Equity, Since 31 Mar 26 \| HINDPETRO	4%	₹287 Cr	7,283,739
APL Apollo Tubes Ltd (Basic Materials) Equity, Since 30 Sep 22 \| APLAPOLLO	3%	₹257 Cr	1,437,425
Bharat Forge Ltd (Consumer Cyclical) Equity, Since 31 May 23 \| 500493	3%	₹252 Cr	1,174,895
Muthoot Finance Ltd (Financial Services) Equity, Since 30 Nov 23 \| 533398	3%	₹247 Cr	824,501
KEI Industries Ltd (Industrials) Equity, Since 30 Apr 24 \| KEI	3%	₹237 Cr	437,075
PB Fintech Ltd (Financial Services) Equity, Since 31 May 24 \| POLICYBZR	3%	₹229 Cr	1,408,585

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.