Best Mid Cap Mutual Funds 2026

Updated on March 25, 2026 , 90466 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	₹82.9918 ↓ -2.09	₹33,689	-16.2	-16.6	-11	19.8	21.1	-12.1
Edelweiss Mid Cap Fund Growth	₹94.195 ↓ -1.88	₹14,355	-8	-4.4	6.9	24.5	20.4	3.8
Invesco India Mid Cap Fund Growth	₹160.99 ↓ -3.79	₹10,772	-12.1	-9	5.4	24.6	18.9	6.3
ICICI Prudential MidCap Fund Growth	₹294.76 ↓ -6.03	₹7,280	-6	1	13.5	23.9	18.6	11.1
Sundaram Mid Cap Fund Growth	₹1,297.91 ↓ -26.14	₹13,235	-9.3	-4.4	4.6	22.9	18.1	4.1
BNP Paribas Mid Cap Fund Growth	₹97.4957 ↓ -1.64	₹2,341	-6.4	-1.7	5.2	20	16.4	2.5
TATA Mid Cap Growth Fund Growth	₹406.74 ↓ -8.45	₹5,505	-9.3	-3.8	3.9	20.2	16.2	5.8
Aditya Birla Sun Life Midcap Fund Growth	₹712.92 ↓ -13.59	₹6,130	-11.1	-7.1	0	18.8	15.6	4.4
SBI Magnum Mid Cap Fund Growth	₹211.776 ↓ -4.42	₹23,154	-9.5	-5.5	-3.6	15	14.9	0.4
Franklin India Prima Fund Growth	₹2,453.99 ↓ -53.47	₹12,328	-12.4	-8.1	-2.5	19.5	14.8	1.6
Axis Mid Cap Fund Growth	₹104.84 ↓ -2.21	₹31,977	-7.3	-5.7	3.2	18.6	14.3	1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 26

Research Highlights & Commentary of 11 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Edelweiss Mid Cap Fund	Invesco India 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 (₹33,689 Cr).	Upper mid AUM (₹14,355 Cr).	Lower mid AUM (₹10,772 Cr).	Lower mid AUM (₹7,280 Cr).	Upper mid AUM (₹13,235 Cr).	Bottom quartile AUM (₹2,341 Cr).	Bottom quartile AUM (₹5,505 Cr).	Bottom quartile AUM (₹6,130 Cr).	Upper mid AUM (₹23,154 Cr).	Lower mid AUM (₹12,328 Cr).	Top quartile AUM (₹31,977 Cr).
Point 2	Established history (12+ yrs).	Established history (18+ yrs).	Established history (18+ yrs).	Established history (21+ yrs).	Established history (23+ yrs).	Established history (19+ 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: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Rating: 2★ (bottom quartile).	Top rated.	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: Moderately High.
Point 5	5Y return: 21.10% (top quartile).	5Y return: 20.38% (top quartile).	5Y return: 18.87% (upper mid).	5Y return: 18.63% (upper mid).	5Y return: 18.11% (upper mid).	5Y return: 16.39% (lower mid).	5Y return: 16.17% (lower mid).	5Y return: 15.56% (lower mid).	5Y return: 14.91% (bottom quartile).	5Y return: 14.79% (bottom quartile).	5Y return: 14.33% (bottom quartile).
Point 6	3Y return: 19.76% (lower mid).	3Y return: 24.52% (top quartile).	3Y return: 24.56% (top quartile).	3Y return: 23.94% (upper mid).	3Y return: 22.93% (upper mid).	3Y return: 20.05% (lower mid).	3Y return: 20.16% (upper mid).	3Y return: 18.80% (bottom quartile).	3Y return: 15.00% (bottom quartile).	3Y return: 19.45% (lower mid).	3Y return: 18.64% (bottom quartile).
Point 7	1Y return: -11.03% (bottom quartile).	1Y return: 6.88% (top quartile).	1Y return: 5.37% (upper mid).	1Y return: 13.51% (top quartile).	1Y return: 4.64% (upper mid).	1Y return: 5.24% (upper mid).	1Y return: 3.89% (lower mid).	1Y return: 0.01% (lower mid).	1Y return: -3.62% (bottom quartile).	1Y return: -2.54% (bottom quartile).	1Y return: 3.22% (lower mid).
Point 8	Alpha: -20.09 (bottom quartile).	Alpha: 1.12 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 7.09 (top quartile).	Alpha: 2.64 (upper mid).	Alpha: 2.75 (top quartile).	Alpha: 2.00 (upper mid).	Alpha: -2.93 (lower mid).	Alpha: -6.28 (bottom quartile).	Alpha: -6.12 (bottom quartile).	Alpha: 0.00 (lower mid).
Point 9	Sharpe: -0.29 (bottom quartile).	Sharpe: 1.33 (upper mid).	Sharpe: 1.21 (lower mid).	Sharpe: 1.77 (top quartile).	Sharpe: 1.49 (upper mid).	Sharpe: 1.59 (top quartile).	Sharpe: 1.43 (upper mid).	Sharpe: 1.02 (lower mid).	Sharpe: 0.72 (bottom quartile).	Sharpe: 0.78 (bottom quartile).	Sharpe: 1.19 (lower mid).
Point 10	Information ratio: -0.36 (lower mid).	Information ratio: 0.33 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.34 (top quartile).	Information ratio: 0.16 (upper mid).	Information ratio: -0.68 (lower mid).	Information ratio: -0.61 (lower mid).	Information ratio: -0.93 (bottom quartile).	Information ratio: -1.51 (bottom quartile).	Information ratio: -0.76 (bottom quartile).	Information ratio: 0.00 (upper mid).

Motilal Oswal Midcap 30 Fund

Highest AUM (₹33,689 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.10% (top quartile).
3Y return: 19.76% (lower mid).
1Y return: -11.03% (bottom quartile).
Alpha: -20.09 (bottom quartile).
Sharpe: -0.29 (bottom quartile).
Information ratio: -0.36 (lower mid).

Edelweiss Mid Cap Fund

Upper mid AUM (₹14,355 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 20.38% (top quartile).
3Y return: 24.52% (top quartile).
1Y return: 6.88% (top quartile).
Alpha: 1.12 (upper mid).
Sharpe: 1.33 (upper mid).
Information ratio: 0.33 (top quartile).

Invesco India Mid Cap Fund

Lower mid AUM (₹10,772 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 18.87% (upper mid).
3Y return: 24.56% (top quartile).
1Y return: 5.37% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.21 (lower mid).
Information ratio: 0.00 (upper mid).

ICICI Prudential MidCap Fund

Lower mid AUM (₹7,280 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 18.63% (upper mid).
3Y return: 23.94% (upper mid).
1Y return: 13.51% (top quartile).
Alpha: 7.09 (top quartile).
Sharpe: 1.77 (top quartile).
Information ratio: 0.34 (top quartile).

Sundaram Mid Cap Fund

Upper mid AUM (₹13,235 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.11% (upper mid).
3Y return: 22.93% (upper mid).
1Y return: 4.64% (upper mid).
Alpha: 2.64 (upper mid).
Sharpe: 1.49 (upper mid).
Information ratio: 0.16 (upper mid).

BNP Paribas Mid Cap Fund

Bottom quartile AUM (₹2,341 Cr).
Established history (19+ yrs).
Rating: 3★ (top quartile).
Risk profile: High.
5Y return: 16.39% (lower mid).
3Y return: 20.05% (lower mid).
1Y return: 5.24% (upper mid).
Alpha: 2.75 (top quartile).
Sharpe: 1.59 (top quartile).
Information ratio: -0.68 (lower mid).

TATA Mid Cap Growth Fund

Bottom quartile AUM (₹5,505 Cr).
Established history (31+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 16.17% (lower mid).
3Y return: 20.16% (upper mid).
1Y return: 3.89% (lower mid).
Alpha: 2.00 (upper mid).
Sharpe: 1.43 (upper mid).
Information ratio: -0.61 (lower mid).

Aditya Birla Sun Life Midcap Fund

Bottom quartile AUM (₹6,130 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 15.56% (lower mid).
3Y return: 18.80% (bottom quartile).
1Y return: 0.01% (lower mid).
Alpha: -2.93 (lower mid).
Sharpe: 1.02 (lower mid).
Information ratio: -0.93 (bottom quartile).

SBI Magnum Mid Cap Fund

Upper mid AUM (₹23,154 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.91% (bottom quartile).
3Y return: 15.00% (bottom quartile).
1Y return: -3.62% (bottom quartile).
Alpha: -6.28 (bottom quartile).
Sharpe: 0.72 (bottom quartile).
Information ratio: -1.51 (bottom quartile).

Franklin India Prima Fund

Lower mid AUM (₹12,328 Cr).
Oldest track record among peers (32 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.79% (bottom quartile).
3Y return: 19.45% (lower mid).
1Y return: -2.54% (bottom quartile).
Alpha: -6.12 (bottom quartile).
Sharpe: 0.78 (bottom quartile).
Information ratio: -0.76 (bottom quartile).

Axis Mid Cap Fund

Top quartile AUM (₹31,977 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.33% (bottom quartile).
3Y return: 18.64% (bottom quartile).
1Y return: 3.22% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.19 (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

Regulated & compliant: AMFI-registered and MCA-incorporated.
Investor-first: No pay-to-promote lists; suitability and performance drive coverage.
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 (₹33,689 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.10% (top quartile).
3Y return: 19.76% (bottom quartile).
1Y return: -11.03% (bottom quartile).
Alpha: -20.09 (bottom quartile).
Sharpe: -0.29 (bottom quartile).
Information ratio: -0.36 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding One97 Communications Ltd (~7.6%).

Below is the key information for Motilal Oswal Midcap 30 Fund

Motilal Oswal Midcap 30 Fund Growth
Launch Date	24 Feb 14
NAV (27 Mar 26)	₹82.9918 ↓ -2.09 (-2.46 %)
Net Assets (Cr)	₹33,689 on 28 Feb 26
Category	Equity - Mid Cap
AMC	Motilal Oswal Asset Management Co. Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.56
Sharpe Ratio	-0.29
Information Ratio	-0.36
Alpha Ratio	-20.09
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
28 Feb 21	₹10,000
28 Feb 22	₹13,378
28 Feb 23	₹15,604
29 Feb 24	₹23,724
28 Feb 25	₹27,433
28 Feb 26	₹27,544

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 27 Mar 26

Duration	Returns
1 Month	-6.8%
3 Month	-16.2%
6 Month	-16.6%
1 Year	-11%
3 Year	19.8%
5 Year	21.1%
10 Year
15 Year
Since launch	19.1%

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	0.1 Yr.
Swapnil Mayekar	18 Nov 25	0.28 Yr.
Ajay Khandelwal	1 Oct 24	1.41 Yr.
Ankit Agarwal	21 Jan 26	0.1 Yr.
Rakesh Shetty	22 Nov 22	3.27 Yr.

Data below for Motilal Oswal Midcap 30 Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	28.4%
Technology	24.21%
Consumer Cyclical	13.87%
Industrials	12.43%
Communication Services	8.87%
Real Estate	3.28%
Health Care	1.7%

Asset Allocation

Asset Class	Value
Cash	2.11%
Equity	97.89%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
One97 Communications Ltd (Technology) Equity, Since 30 Sep 24 \| 543396	8%	₹2,575 Cr	23,445,098 ↑ 145,940
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 29 Feb 24 \| KALYANKJIL	7%	₹2,519 Cr	61,413,395 ↑ 27,423
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 25 \| 543320	6%	₹2,154 Cr	87,473,898 ↑ 1,248,071
KEI Industries Ltd (Industrials) Equity, Since 30 Nov 24 \| 517569	6%	₹2,115 Cr	4,163,056 ↑ 78,506
Persistent Systems Ltd (Technology) Equity, Since 31 Jan 23 \| PERSISTENT	6%	₹2,087 Cr	4,409,726 ↓ -1,208,517
Coforge Ltd (Technology) Equity, Since 31 Mar 23 \| COFORGE	6%	₹2,050 Cr	17,292,000 ↓ -2,708,000
Aditya Birla Capital Ltd (Financial Services) Equity, Since 30 Jun 25 \| ABCAPITAL	6%	₹1,910 Cr	55,459,381 ↑ 4,035,398
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 25 \| BHARTIARTL	5%	₹1,782 Cr	9,483,812 ↓ -33,852
Nifty March 2026 Future - \| -	5%	₹1,731 Cr	683,280 ↑ 683,280
Dixon Technologies (India) Ltd (Technology) Equity, Since 31 Mar 23 \| DIXON	4%	₹1,444 Cr	1,371,457 ↓ -126,350

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

Upper mid AUM (₹14,355 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 20.38% (upper mid).
3Y return: 24.52% (upper mid).
1Y return: 6.88% (upper mid).
Alpha: 1.12 (lower mid).
Sharpe: 1.33 (lower mid).
Information ratio: 0.33 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Marico Ltd (~2.4%).

Below is the key information for Edelweiss Mid Cap Fund

Edelweiss Mid Cap Fund Growth
Launch Date	26 Dec 07
NAV (27 Mar 26)	₹94.195 ↓ -1.88 (-1.96 %)
Net Assets (Cr)	₹14,355 on 28 Feb 26
Category	Equity - Mid Cap
AMC	Edelweiss Asset Management Limited
Rating	☆☆☆
Risk	High
Expense Ratio	1.75
Sharpe Ratio	1.33
Information Ratio	0.33
Alpha Ratio	1.12
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
28 Feb 21	₹10,000
28 Feb 22	₹12,244
28 Feb 23	₹13,055
29 Feb 24	₹19,720
28 Feb 25	₹21,295
28 Feb 26	₹26,435

Edelweiss 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 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 27 Mar 26

Duration	Returns
1 Month	-7.3%
3 Month	-8%
6 Month	-4.4%
1 Year	6.9%
3 Year	24.5%
5 Year	20.4%
10 Year
15 Year
Since launch	13.2%

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	1.38 Yr.
Trideep Bhattacharya	1 Oct 21	4.41 Yr.
Raj Koradia	1 Aug 24	1.58 Yr.

Data below for Edelweiss Mid Cap Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	29.15%
Industrials	13.9%
Consumer Cyclical	13.5%
Basic Materials	11.16%
Health Care	8.33%
Technology	5.74%
Consumer Defensive	4.88%
Communication Services	3.24%
Energy	2.94%
Real Estate	2.24%
Utility	1.67%

Asset Allocation

Asset Class	Value
Cash	3.25%
Equity	96.75%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Marico Ltd (Consumer Defensive) Equity, Since 31 Oct 24 \| MARICO	2%	₹348 Cr	4,417,032
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	2%	₹335 Cr	1,372,945
The Federal Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| FEDERALBNK	2%	₹335 Cr	11,159,723
Fortis Healthcare Ltd (Healthcare) Equity, Since 30 Sep 23 \| FORTIS	2%	₹326 Cr	3,454,648
Indian Bank (Financial Services) Equity, Since 31 Jan 21 \| INDIANB	2%	₹309 Cr	3,120,547
APL Apollo Tubes Ltd (Basic Materials) Equity, Since 30 Jun 22 \| APLAPOLLO	2%	₹287 Cr	1,286,528
IDFC First Bank Ltd (Financial Services) Equity, Since 31 Aug 25 \| 539437	2%	₹283 Cr	38,471,898 ↑ 5,202,889
Oil India Ltd (Energy) Equity, Since 31 Mar 24 \| OIL	2%	₹274 Cr	5,661,327 ↑ 266,825
AU Small Finance Bank Ltd (Financial Services) Equity, Since 31 Aug 25 \| AUBANK	2%	₹272 Cr	2,842,581 ↑ 483,803
JK Cement Ltd (Basic Materials) Equity, Since 31 Mar 19 \| JKCEMENT	2%	₹253 Cr	447,202 ↑ 75,771

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 (₹10,772 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 18.87% (lower mid).
3Y return: 24.56% (top quartile).
1Y return: 5.37% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.21 (bottom 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 The Federal Bank 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 (27 Mar 26)	₹160.99 ↓ -3.79 (-2.30 %)
Net Assets (Cr)	₹10,772 on 28 Feb 26
Category	Equity - Mid Cap
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.82
Sharpe Ratio	1.21
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
28 Feb 21	₹10,000
28 Feb 22	₹11,929
28 Feb 23	₹12,464
29 Feb 24	₹18,552
28 Feb 25	₹20,486
28 Feb 26	₹25,734

Invesco India 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 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 27 Mar 26

Duration	Returns
1 Month	-9.3%
3 Month	-12.1%
6 Month	-9%
1 Year	5.4%
3 Year	24.6%
5 Year	18.9%
10 Year
15 Year
Since launch	15.8%

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	2.31 Yr.

Data below for Invesco India Mid Cap Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	34.98%
Health Care	19.6%
Consumer Cyclical	17.71%
Industrials	9.84%
Real Estate	7.99%
Technology	5.07%
Basic Materials	4.16%

Asset Allocation

Asset Class	Value
Cash	0.65%
Equity	99.35%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
The Federal Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| FEDERALBNK	6%	₹669 Cr	22,304,132
AU Small Finance Bank Ltd (Financial Services) Equity, Since 31 Jul 25 \| AUBANK	5%	₹569 Cr	5,936,790
Prestige Estates Projects Ltd (Real Estate) Equity, Since 30 Nov 23 \| PRESTIGE	5%	₹538 Cr	3,865,599 ↑ 311,192
Max Healthcare Institute Ltd Ordinary Shares (Healthcare) Equity, Since 31 Dec 22 \| MAXHEALTH	5%	₹521 Cr	4,774,196
BSE Ltd (Financial Services) Equity, Since 31 Dec 23 \| BSE	5%	₹514 Cr	1,899,237 ↑ 380,004
Swiggy Ltd (Consumer Cyclical) Equity, Since 30 Nov 24 \| SWIGGY	5%	₹495 Cr	16,397,045 ↑ 1,466,599
L&T Finance Ltd (Financial Services) Equity, Since 31 Dec 23 \| LTF	4%	₹479 Cr	16,854,973
Max Financial Services Ltd (Financial Services) Equity, Since 30 Nov 23 \| MFSL	4%	₹448 Cr	2,468,180
Global Health Ltd (Healthcare) Equity, Since 30 Nov 23 \| MEDANTA	4%	₹442 Cr	3,883,813 ↑ 645,247
InterGlobe Aviation Ltd (Industrials) Equity, Since 30 Apr 24 \| INDIGO	4%	₹432 Cr	895,333 ↑ 81,321

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 (₹7,280 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 18.63% (bottom quartile).
3Y return: 23.94% (lower mid).
1Y return: 13.51% (top quartile).
Alpha: 7.09 (top quartile).
Sharpe: 1.77 (top quartile).
Information ratio: 0.34 (top quartile).
Higher exposure to Basic Materials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Jindal Steel Ltd (~4.8%).

Below is the key information for ICICI Prudential MidCap Fund

ICICI Prudential MidCap Fund Growth
Launch Date	28 Oct 04
NAV (27 Mar 26)	₹294.76 ↓ -6.03 (-2.00 %)
Net Assets (Cr)	₹7,280 on 28 Feb 26
Category	Equity - Mid Cap
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.88
Sharpe Ratio	1.77
Information Ratio	0.34
Alpha Ratio	7.09
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
28 Feb 21	₹10,000
28 Feb 22	₹11,990
28 Feb 23	₹12,607
29 Feb 24	₹18,989
28 Feb 25	₹19,219
28 Feb 26	₹25,523

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 27 Mar 26

Duration	Returns
1 Month	-7.9%
3 Month	-6%
6 Month	1%
1 Year	13.5%
3 Year	23.9%
5 Year	18.6%
10 Year
15 Year
Since launch	17.1%

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	3.67 Yr.
Sharmila D’mello	31 Jul 22	3.58 Yr.

Data below for ICICI Prudential MidCap Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Basic Materials	27.56%
Industrials	23.51%
Financial Services	20.83%
Consumer Cyclical	12.86%
Communication Services	5.72%
Real Estate	5.42%
Health Care	1.8%
Technology	0.46%
Utility	0.15%

Asset Allocation

Asset Class	Value
Cash	1.69%
Equity	98.31%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Jindal Steel Ltd (Basic Materials) Equity, Since 31 Jan 22 \| JINDALSTEL	5%	₹347 Cr	2,786,470
APL Apollo Tubes Ltd (Basic Materials) Equity, Since 30 Sep 22 \| APLAPOLLO	4%	₹318 Cr	1,425,196
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	4%	₹303 Cr	1,239,860
Apar Industries Ltd (Industrials) Equity, Since 31 Jan 25 \| APARINDS	4%	₹295 Cr	263,711
Muthoot Finance Ltd (Financial Services) Equity, Since 30 Nov 23 \| MUTHOOTFIN	4%	₹276 Cr	824,501
BSE Ltd (Financial Services) Equity, Since 30 Apr 24 \| BSE	4%	₹274 Cr	1,011,840
Jindal Stainless Ltd (Basic Materials) Equity, Since 31 Aug 22 \| JSL	3%	₹241 Cr	3,106,731
Vedanta Ltd (Basic Materials) Equity, Since 31 Aug 24 \| VEDL	3%	₹225 Cr	3,128,459
Bharat Forge Ltd (Consumer Cyclical) Equity, Since 31 May 23 \| BHARATFORG	3%	₹225 Cr	1,174,895
Bharti Hexacom Ltd (Communication Services) Equity, Since 30 Apr 24 \| BHARTIHEXA	3%	₹221 Cr	1,376,584

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 (₹13,235 Cr).
Oldest track record among peers (23 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.11% (bottom quartile).
3Y return: 22.93% (bottom quartile).
1Y return: 4.64% (bottom quartile).
Alpha: 2.64 (upper mid).
Sharpe: 1.49 (upper mid).
Information ratio: 0.16 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Cummins India Ltd (~4.0%).

Below is the key information for Sundaram Mid Cap Fund

Sundaram Mid Cap Fund Growth
Launch Date	30 Jul 02
NAV (27 Mar 26)	₹1,297.91 ↓ -26.14 (-1.97 %)
Net Assets (Cr)	₹13,235 on 28 Feb 26
Category	Equity - Mid Cap
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.75
Sharpe Ratio	1.49
Information Ratio	0.16
Alpha Ratio	2.64
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
28 Feb 21	₹10,000
28 Feb 22	₹11,756
28 Feb 23	₹12,516
29 Feb 24	₹19,012
28 Feb 25	₹19,816
28 Feb 26	₹24,742

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 27 Mar 26

Duration	Returns
1 Month	-8.8%
3 Month	-9.3%
6 Month	-4.4%
1 Year	4.6%
3 Year	22.9%
5 Year	18.1%
10 Year
15 Year
Since launch	22.8%

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	5.01 Yr.
Shalav Saket	31 Dec 25	0.16 Yr.

Data below for Sundaram Mid Cap Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	21.22%
Industrials	16.23%
Consumer Cyclical	15.62%
Health Care	9.91%
Basic Materials	9.67%
Technology	6.68%
Consumer Defensive	6.25%
Real Estate	3.53%
Utility	2.73%
Communication Services	2.71%
Energy	2.08%

Asset Allocation

Asset Class	Value
Cash	3.27%
Equity	96.71%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Cummins India Ltd (Industrials) Equity, Since 31 Dec 17 \| CUMMINSIND	4%	₹533 Cr	1,087,767 ↓ -31,544
GE Vernova T&D India Ltd (Industrials) Equity, Since 30 Sep 24 \| GVT&D	3%	₹447 Cr	1,161,757 ↓ -29,598
Mahindra & Mahindra Financial Services Ltd (Financial Services) Equity, Since 31 Jan 24 \| M&MFIN	3%	₹430 Cr	11,498,475 ↓ -13,029
Coromandel International Ltd (Basic Materials) Equity, Since 30 Nov 10 \| COROMANDEL	3%	₹356 Cr	1,601,739
The Federal Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| FEDERALBNK	2%	₹312 Cr	10,399,688 ↓ -182,738
Indian Bank (Financial Services) Equity, Since 31 Jul 23 \| INDIANB	2%	₹283 Cr	2,859,289
IDFC First Bank Ltd (Financial Services) Equity, Since 30 Jun 25 \| 539437	2%	₹281 Cr	38,278,844 ↑ 300,000
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 31 Mar 21 \| KALYANKJIL	2%	₹276 Cr	6,735,835
Jindal Steel Ltd (Basic Materials) Equity, Since 30 Nov 20 \| JINDALSTEL	2%	₹276 Cr	2,219,329 ↓ -160,889
Hindustan Petroleum Corp Ltd (Energy) Equity, Since 31 Oct 21 \| HINDPETRO	2%	₹275 Cr	6,264,200

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.