Best Mid & Small Cap Mutual Funds to Invest in India 2026

Updated on April 16, 2026 , 18780 views

Looking for best mid & Small cap funds? Well, mid-cap & small-cap Mutual Funds are among one of the best wealth creation tools for long-term Financial goals. These financial goals may include a child’s education, Retirement planning, etc. Mid & Small caps are typically defined as firms with a market capitalization of less than INR 500 Crore. & Midcap market capitalization of less than INR 10,000 Crore. But, the risk of failure is higher with mid & small caps compared to large cap companies. However, mid & small cap funds help to diversify portfolios and investors can take a small allocation in the overall Portfolio. Investors planning to invest in these funds, can choose a fund from the below-listed best performing mid & small cap funds.

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Fund Selection Methodology used to find 7 funds

Category: Equity
Sub-category: Mid%20Cap, Small%20Cap
AUM Range: 100 to 100000 Cr
Sorted On : 5-year return (high to low)
Tags: fcpro
No Of Funds: 7

Top 7 Best Mid & Small Cap Funds To Invest In India 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2025 (%)
Motilal Oswal Midcap 30 Fund Growth	₹92.7609 ↑ 0.44	₹33,689	-4.8	-11.4	2.1	22.5	23.9	-12.1
Nippon India Small Cap Fund Growth	₹167.514 ↑ 2.15	₹67,642	3.8	-1.1	8.8	21.3	22.9	-4.7
HDFC Mid-Cap Opportunities Fund Growth	₹198.885 ↑ 1.66	₹94,257	-1.7	0.6	14.2	24.7	22.1	6.8
Invesco India Mid Cap Fund Growth	₹178.97 ↑ 2.18	₹10,772	0.1	-3.5	15.8	26.7	21.5	6.3
Edelweiss Mid Cap Fund Growth	₹102.909 ↑ 1.20	₹14,355	0.1	0.5	13	25.7	21.3	3.8
ICICI Prudential MidCap Fund Growth	₹327.9 ↑ 4.57	₹7,280	5.3	7.3	27.3	26.7	21.1	11.1
Franklin India Smaller Companies Fund Growth	₹166.42 ↑ 1.76	₹12,934	2.3	-1.2	6	19	20.3	-8.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Apr 26

Research Highlights & Commentary of 7 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	HDFC Mid-Cap Opportunities Fund	Invesco India Mid Cap Fund	Edelweiss Mid Cap Fund	ICICI Prudential MidCap Fund	Franklin India Smaller Companies Fund
Point 1	Upper mid AUM (₹33,689 Cr).	Upper mid AUM (₹67,642 Cr).	Highest AUM (₹94,257 Cr).	Bottom quartile AUM (₹10,772 Cr).	Lower mid AUM (₹14,355 Cr).	Bottom quartile AUM (₹7,280 Cr).	Lower mid AUM (₹12,934 Cr).
Point 2	Established history (12+ yrs).	Established history (15+ yrs).	Established history (18+ yrs).	Established history (19+ yrs).	Established history (18+ yrs).	Oldest track record among peers (21 yrs).	Established history (20+ yrs).
Point 3	Rating: 3★ (upper mid).	Top rated.	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Rating: 4★ (upper mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 23.90% (top quartile).	5Y return: 22.92% (upper mid).	5Y return: 22.13% (upper mid).	5Y return: 21.49% (lower mid).	5Y return: 21.25% (lower mid).	5Y return: 21.11% (bottom quartile).	5Y return: 20.31% (bottom quartile).
Point 6	3Y return: 22.52% (lower mid).	3Y return: 21.32% (bottom quartile).	3Y return: 24.67% (lower mid).	3Y return: 26.69% (top quartile).	3Y return: 25.72% (upper mid).	3Y return: 26.68% (upper mid).	3Y return: 19.03% (bottom quartile).
Point 7	1Y return: 2.06% (bottom quartile).	1Y return: 8.78% (lower mid).	1Y return: 14.23% (upper mid).	1Y return: 15.79% (upper mid).	1Y return: 12.95% (lower mid).	1Y return: 27.27% (top quartile).	1Y return: 6.05% (bottom quartile).
Point 8	Alpha: -20.09 (bottom quartile).	Alpha: 2.58 (upper mid).	Alpha: 3.83 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 1.12 (lower mid).	Alpha: 7.09 (top quartile).	Alpha: -0.83 (bottom quartile).
Point 9	Sharpe: -0.29 (bottom quartile).	Sharpe: 0.76 (lower mid).	Sharpe: 1.65 (upper mid).	Sharpe: 1.21 (lower mid).	Sharpe: 1.33 (upper mid).	Sharpe: 1.77 (top quartile).	Sharpe: 0.48 (bottom quartile).
Point 10	Information ratio: -0.36 (bottom quartile).	Information ratio: -0.10 (lower mid).	Information ratio: 0.45 (top quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.33 (upper mid).	Information ratio: 0.34 (upper mid).	Information ratio: -0.58 (bottom quartile).

Motilal Oswal Midcap 30 Fund

Upper mid AUM (₹33,689 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 23.90% (top quartile).
3Y return: 22.52% (lower mid).
1Y return: 2.06% (bottom quartile).
Alpha: -20.09 (bottom quartile).
Sharpe: -0.29 (bottom quartile).
Information ratio: -0.36 (bottom quartile).

Nippon India Small Cap Fund

Upper mid AUM (₹67,642 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 22.92% (upper mid).
3Y return: 21.32% (bottom quartile).
1Y return: 8.78% (lower mid).
Alpha: 2.58 (upper mid).
Sharpe: 0.76 (lower mid).
Information ratio: -0.10 (lower mid).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹94,257 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 22.13% (upper mid).
3Y return: 24.67% (lower mid).
1Y return: 14.23% (upper mid).
Alpha: 3.83 (upper mid).
Sharpe: 1.65 (upper mid).
Information ratio: 0.45 (top quartile).

Invesco India Mid Cap Fund

Bottom quartile AUM (₹10,772 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.49% (lower mid).
3Y return: 26.69% (top quartile).
1Y return: 15.79% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.21 (lower mid).
Information ratio: 0.00 (lower mid).

Edelweiss Mid Cap Fund

Lower mid AUM (₹14,355 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 21.25% (lower mid).
3Y return: 25.72% (upper mid).
1Y return: 12.95% (lower mid).
Alpha: 1.12 (lower mid).
Sharpe: 1.33 (upper mid).
Information ratio: 0.33 (upper mid).

ICICI Prudential MidCap Fund

Bottom quartile AUM (₹7,280 Cr).
Oldest track record among peers (21 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.11% (bottom quartile).
3Y return: 26.68% (upper mid).
1Y return: 27.27% (top quartile).
Alpha: 7.09 (top quartile).
Sharpe: 1.77 (top quartile).
Information ratio: 0.34 (upper mid).

Franklin India Smaller Companies Fund

Lower mid AUM (₹12,934 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 20.31% (bottom quartile).
3Y return: 19.03% (bottom quartile).
1Y return: 6.05% (bottom quartile).
Alpha: -0.83 (bottom quartile).
Sharpe: 0.48 (bottom quartile).
Information ratio: -0.58 (bottom quartile).

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Location: Thane, Maharashtra, India
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Market analysts tracking performance, macro trends, and sectors.
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Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
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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.

*Above is list of best Mid & Small funds having AUM/Net Assets above 100 Crore. Sorted on Last 5 Year Return.

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

Upper mid AUM (₹33,689 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 23.90% (top quartile).
3Y return: 22.52% (lower mid).
1Y return: 2.06% (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 (~96%).
Largest holding Kalyan Jewellers India Ltd (~7.4%).

Below is the key information for Motilal Oswal Midcap 30 Fund

Motilal Oswal Midcap 30 Fund Growth
Launch Date	24 Feb 14
NAV (17 Apr 26)	₹92.7609 ↑ 0.44 (0.48 %)
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
31 Mar 21	₹10,000
31 Mar 22	₹13,822
31 Mar 23	₹15,204
31 Mar 24	₹24,380
31 Mar 25	₹28,513
31 Mar 26	₹24,841

Motilal Oswal Midcap 30 Fund SIP Returns

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

Returns for 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 17 Apr 26

Duration	Returns
1 Month	10.3%
3 Month	-4.8%
6 Month	-11.4%
1 Year	2.1%
3 Year	22.5%
5 Year	23.9%
10 Year
15 Year
Since launch	20.1%

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	0.19 Yr.
Swapnil Mayekar	18 Nov 25	0.37 Yr.
Ajay Khandelwal	1 Oct 24	1.5 Yr.
Ankit Agarwal	21 Jan 26	0.19 Yr.
Rakesh Shetty	22 Nov 22	3.36 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	28.92%
Technology	25.48%
Consumer Cyclical	16%
Industrials	11.4%
Communication Services	9.09%
Real Estate	3.05%
Health Care	2.06%

Asset Allocation

Asset Class	Value
Cash	4.01%
Equity	95.99%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 29 Feb 24 \| KALYANKJIL	7%	₹2,309 Cr	61,413,395
One97 Communications Ltd (Technology) Equity, Since 30 Sep 24 \| 543396	7%	₹2,279 Cr	23,765,865 ↑ 320,767
Persistent Systems Ltd (Technology) Equity, Since 31 Jan 23 \| PERSISTENT	6%	₹1,964 Cr	4,026,493 ↓ -383,233
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 25 \| 543320	6%	₹1,932 Cr	84,386,866 ↓ -3,087,032
Coforge Ltd (Technology) Equity, Since 31 Mar 23 \| COFORGE	6%	₹1,904 Cr	17,082,915 ↓ -209,085
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 25 \| BHARTIARTL	5%	₹1,690 Cr	9,483,812
KEI Industries Ltd (Industrials) Equity, Since 30 Nov 24 \| KEI	5%	₹1,628 Cr	4,030,834 ↓ -132,222
Aditya Birla Capital Ltd (Financial Services) Equity, Since 30 Jun 25 \| 540691	5%	₹1,562 Cr	53,459,381 ↓ -2,000,000
Billionbrains Garage Ventures Ltd (Financial Services) Equity, Since 31 Jan 26 \| GROWW	4%	₹1,303 Cr	86,768,516 ↑ 23,446,287
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 Jan 26 \| MCX	4%	₹1,269 Cr	5,309,458

2. Nippon India Small Cap Fund

The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Research Highlights for Nippon India Small Cap Fund

Upper mid AUM (₹67,642 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 22.92% (upper mid).
3Y return: 21.32% (bottom quartile).
1Y return: 8.78% (lower mid).
Alpha: 2.58 (upper mid).
Sharpe: 0.76 (lower mid).
Information ratio: -0.10 (lower mid).
Higher exposure to Industrials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
High-quality debt (AAA/AA ~100%).
Largest holding Multi Commodity Exchange of India Ltd (~2.1%).

Below is the key information for Nippon India Small Cap Fund

Nippon India Small Cap Fund Growth
Launch Date	16 Sep 10
NAV (17 Apr 26)	₹167.514 ↑ 2.15 (1.30 %)
Net Assets (Cr)	₹67,642 on 28 Feb 26
Category	Equity - Small Cap
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.44
Sharpe Ratio	0.76
Information Ratio	-0.1
Alpha Ratio	2.58
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 Mar 21	₹10,000
31 Mar 22	₹14,412
31 Mar 23	₹15,370
31 Mar 24	₹23,874
31 Mar 25	₹25,331
31 Mar 26	₹24,787

Nippon India Small Cap 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 Nippon India Small 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 17 Apr 26

Duration	Returns
1 Month	9.4%
3 Month	3.8%
6 Month	-1.1%
1 Year	8.8%
3 Year	21.3%
5 Year	22.9%
10 Year
15 Year
Since launch	19.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-4.7%
2024	26.1%
2023	48.9%
2022	6.5%
2021	74.3%
2020	29.2%
2019	-2.5%
2018	-16.7%
2017	63%
2016	5.6%

Fund Manager information for Nippon India Small Cap Fund

Name	Since	Tenure
Samir Rachh	2 Jan 17	9.25 Yr.
Kinjal Desai	25 May 18	7.86 Yr.
Amber Singhania	11 Mar 26	0.06 Yr.

Data below for Nippon India Small Cap Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Industrials	22.21%
Financial Services	15.35%
Consumer Cyclical	14.04%
Basic Materials	11.29%
Consumer Defensive	10.12%
Health Care	9.73%
Technology	7.12%
Utility	3.51%
Communication Services	1.04%
Real Estate	0.84%
Energy	0.78%

Asset Allocation

Asset Class	Value
Cash	3.97%
Equity	96.03%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 28 Feb 21 \| MCX	2%	₹1,278 Cr	5,350,645 ↓ -2,649,355
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 22 \| HDFCBANK	2%	₹1,119 Cr	15,300,000
Karur Vysya Bank Ltd (Financial Services) Equity, Since 28 Feb 17 \| 590003	1%	₹923 Cr	31,907,252
Apar Industries Ltd (Industrials) Equity, Since 31 Mar 17 \| APARINDS	1%	₹869 Cr	879,502
TD Power Systems Ltd (Industrials) Equity, Since 31 Dec 15 \| TDPOWERSYS	1%	₹830 Cr	9,753,276
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 30 Sep 22 \| 500103	1%	₹798 Cr	32,507,422 ↑ 3,000,000
State Bank of India (Financial Services) Equity, Since 31 Oct 19 \| SBIN	1%	₹784 Cr	8,000,000
Infosys Ltd (Technology) Equity, Since 28 Feb 26 \| INFY	1%	₹750 Cr	6,000,000 ↑ 4,000,000
Zydus Wellness Ltd (Consumer Defensive) Equity, Since 31 Aug 16 \| ZYDUSWELL	1%	₹731 Cr	17,144,089 ↑ 11,668
NLC India Ltd (Utilities) Equity, Since 31 Oct 22 \| 513683	1%	₹725 Cr	26,990,331

3. HDFC Mid-Cap Opportunities Fund

To generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-Cap companies.

Research Highlights for HDFC Mid-Cap Opportunities Fund

Highest AUM (₹94,257 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 22.13% (upper mid).
3Y return: 24.67% (lower mid).
1Y return: 14.23% (upper mid).
Alpha: 3.83 (upper mid).
Sharpe: 1.65 (upper mid).
Information ratio: 0.45 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~94%).
Largest holding Max Financial Services Ltd (~5.0%).

Below is the key information for HDFC Mid-Cap Opportunities Fund

HDFC Mid-Cap Opportunities Fund Growth
Launch Date	25 Jun 07
NAV (17 Apr 26)	₹198.885 ↑ 1.66 (0.84 %)
Net Assets (Cr)	₹94,257 on 28 Feb 26
Category	Equity - Mid Cap
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.4
Sharpe Ratio	1.65
Information Ratio	0.45
Alpha Ratio	3.83
Min Investment	5,000
Min SIP Investment	300
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹12,367
31 Mar 23	₹13,588
31 Mar 24	₹21,362
31 Mar 25	₹23,636
31 Mar 26	₹24,558

HDFC Mid-Cap Opportunities 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 HDFC Mid-Cap Opportunities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26

Duration	Returns
1 Month	6.7%
3 Month	-1.7%
6 Month	0.6%
1 Year	14.2%
3 Year	24.7%
5 Year	22.1%
10 Year
15 Year
Since launch	17.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.8%
2024	28.6%
2023	44.5%
2022	12.3%
2021	39.9%
2020	21.7%
2019	0.2%
2018	-11.2%
2017	41.7%
2016	11.3%

Fund Manager information for HDFC Mid-Cap Opportunities Fund

Name	Since	Tenure
Chirag Setalvad	25 Jun 07	18.78 Yr.
Dhruv Muchhal	22 Jun 23	2.78 Yr.

Data below for HDFC Mid-Cap Opportunities Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	28.67%
Consumer Cyclical	16.45%
Health Care	13.6%
Industrials	9.76%
Technology	7.74%
Consumer Defensive	6.96%
Basic Materials	5.12%
Energy	2.58%
Communication Services	2.42%
Utility	0.93%

Asset Allocation

Asset Class	Value
Cash	5.77%
Equity	94.23%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Max Financial Services Ltd (Financial Services) Equity, Since 31 Oct 14 \| MFSL	5%	₹4,677 Cr	25,792,853
The Federal Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| FEDERALBNK	4%	₹3,833 Cr	127,825,000
AU Small Finance Bank Ltd (Financial Services) Equity, Since 30 Nov 23 \| AUBANK	4%	₹3,766 Cr	39,301,056
Indian Bank (Financial Services) Equity, Since 31 Oct 11 \| INDIANB	4%	₹3,650 Cr	36,854,482
Balkrishna Industries Ltd (Consumer Cyclical) Equity, Since 31 Mar 12 \| BALKRISIND	3%	₹3,185 Cr	13,361,745 ↑ 137,445
Fortis Healthcare Ltd (Healthcare) Equity, Since 30 Nov 23 \| FORTIS	3%	₹2,912 Cr	30,887,194 ↑ 2,499,854
Ipca Laboratories Ltd (Healthcare) Equity, Since 31 Jul 07 \| IPCALAB	3%	₹2,751 Cr	17,994,512
Glenmark Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Jan 18 \| GLENMARK	3%	₹2,738 Cr	12,815,305 ↑ 139,865
Vishal Mega Mart Ltd (Consumer Cyclical) Equity, Since 31 Jan 25 \| VMM	3%	₹2,513 Cr	213,395,832 ↑ 39,978,023
Hindustan Petroleum Corp Ltd (Energy) Equity, Since 30 Sep 21 \| HINDPETRO	3%	₹2,436 Cr	55,530,830

4. 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 (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.49% (lower mid).
3Y return: 26.69% (top quartile).
1Y return: 15.79% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.21 (lower mid).
Information ratio: 0.00 (lower mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding The Federal Bank Ltd (~5.8%).

Below is the key information for Invesco India Mid Cap Fund

Invesco India Mid Cap Fund Growth
Launch Date	19 Apr 07
NAV (17 Apr 26)	₹178.97 ↑ 2.18 (1.23 %)
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
31 Mar 21	₹10,000
31 Mar 22	₹12,350
31 Mar 23	₹12,332
31 Mar 24	₹18,622
31 Mar 25	₹22,070
31 Mar 26	₹22,580

Invesco India Mid Cap 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 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 17 Apr 26

Duration	Returns
1 Month	8.5%
3 Month	0.1%
6 Month	-3.5%
1 Year	15.8%
3 Year	26.7%
5 Year	21.5%
10 Year
15 Year
Since launch	16.4%

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	2.39 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	33.55%
Health Care	19.72%
Consumer Cyclical	16.61%
Industrials	12.41%
Real Estate	7.61%
Technology	4.97%
Basic Materials	4.17%

Asset Allocation

Asset Class	Value
Cash	0.97%
Equity	99.03%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
The Federal Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| FEDERALBNK	6%	₹579 Cr	22,304,132
BSE Ltd (Financial Services) Equity, Since 31 Dec 23 \| BSE	5%	₹510 Cr	1,899,237
AU Small Finance Bank Ltd (Financial Services) Equity, Since 31 Jul 25 \| 540611	5%	₹500 Cr	5,936,790
Prestige Estates Projects Ltd (Real Estate) Equity, Since 30 Nov 23 \| PRESTIGE	5%	₹471 Cr	4,184,252 ↑ 318,653
Max Healthcare Institute Ltd Ordinary Shares (Healthcare) Equity, Since 31 Dec 22 \| MAXHEALTH	5%	₹459 Cr	4,774,196
Swiggy Ltd (Consumer Cyclical) Equity, Since 30 Nov 24 \| SWIGGY	4%	₹426 Cr	16,397,045
InterGlobe Aviation Ltd (Industrials) Equity, Since 30 Apr 24 \| INDIGO	4%	₹411 Cr	1,043,041 ↑ 147,708
L&T Finance Ltd (Financial Services) Equity, Since 31 Dec 23 \| 533519	4%	₹405 Cr	16,854,973
Glenmark Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Mar 24 \| 532296	4%	₹397 Cr	1,864,031
Global Health Ltd (Healthcare) Equity, Since 30 Nov 23 \| MEDANTA	4%	₹387 Cr	4,030,589 ↑ 146,776

5. Edelweiss Mid Cap Fund

(Erstwhile Edelweiss Mid and Small Cap Fund )

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

Research Highlights for Edelweiss Mid Cap Fund

Lower mid AUM (₹14,355 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 21.25% (lower mid).
3Y return: 25.72% (upper mid).
1Y return: 12.95% (lower mid).
Alpha: 1.12 (lower mid).
Sharpe: 1.33 (upper mid).
Information ratio: 0.33 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~94%).
Largest holding The Federal Bank Ltd (~3.0%).

Below is the key information for Edelweiss Mid Cap Fund

Edelweiss Mid Cap Fund Growth
Launch Date	26 Dec 07
NAV (17 Apr 26)	₹102.909 ↑ 1.20 (1.18 %)
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
31 Mar 21	₹10,000
31 Mar 22	₹12,566
31 Mar 23	₹12,920
31 Mar 24	₹19,379
31 Mar 25	₹22,786
31 Mar 26	₹23,346

Edelweiss Mid Cap 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 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 17 Apr 26

Duration	Returns
1 Month	6.8%
3 Month	0.1%
6 Month	0.5%
1 Year	13%
3 Year	25.7%
5 Year	21.3%
10 Year
15 Year
Since launch	13.6%

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	1.46 Yr.
Trideep Bhattacharya	1 Oct 21	4.5 Yr.
Raj Koradia	1 Aug 24	1.66 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	27.89%
Industrials	14.27%
Consumer Cyclical	12.93%
Basic Materials	10.8%
Health Care	8.2%
Technology	5.82%
Consumer Defensive	4.86%
Communication Services	3.08%
Energy	2.82%
Real Estate	2.07%
Utility	1.47%

Asset Allocation

Asset Class	Value
Cash	5.79%
Equity	94.21%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
The Federal Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| FEDERALBNK	3%	₹400 Cr	15,420,551 ↑ 4,260,828
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	2%	₹328 Cr	1,372,945
Marico Ltd (Consumer Defensive) Equity, Since 31 Oct 24 \| 531642	2%	₹325 Cr	4,417,032
AU Small Finance Bank Ltd (Financial Services) Equity, Since 31 Aug 25 \| 540611	2%	₹282 Cr	3,350,484 ↑ 507,903
Fortis Healthcare Ltd (Healthcare) Equity, Since 30 Sep 23 \| 532843	2%	₹275 Cr	3,454,648
Oil India Ltd (Energy) Equity, Since 31 Mar 24 \| OIL	2%	₹269 Cr	5,661,327
Indian Bank (Financial Services) Equity, Since 31 Jan 21 \| 532814	2%	₹264 Cr	3,120,547
APL Apollo Tubes Ltd (Basic Materials) Equity, Since 30 Jun 22 \| APLAPOLLO	2%	₹247 Cr	1,276,129 ↓ -10,399
BSE Ltd (Financial Services) Equity, Since 31 Mar 24 \| BSE	2%	₹247 Cr	918,671
Persistent Systems Ltd (Technology) Equity, Since 31 Mar 21 \| PERSISTENT	2%	₹238 Cr	488,766

6. 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).
Oldest track record among peers (21 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.11% (bottom quartile).
3Y return: 26.68% (upper mid).
1Y return: 27.27% (top quartile).
Alpha: 7.09 (top quartile).
Sharpe: 1.77 (top quartile).
Information ratio: 0.34 (upper mid).
Higher exposure to Basic Materials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Jindal Steel Ltd (~4.7%).

Below is the key information for ICICI Prudential MidCap Fund

ICICI Prudential MidCap Fund Growth
Launch Date	28 Oct 04
NAV (17 Apr 26)	₹327.9 ↑ 4.57 (1.41 %)
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
31 Mar 21	₹10,000
31 Mar 22	₹12,479
31 Mar 23	₹12,395
31 Mar 24	₹18,919
31 Mar 25	₹20,400
31 Mar 26	₹22,665

ICICI Prudential MidCap 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 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 17 Apr 26

Duration	Returns
1 Month	8.6%
3 Month	5.3%
6 Month	7.3%
1 Year	27.3%
3 Year	26.7%
5 Year	21.1%
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	3.75 Yr.
Sharmila D’mello	31 Jul 22	3.67 Yr.

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

Equity Sector Allocation

Sector	Value
Basic Materials	26.3%
Industrials	22.93%
Financial Services	21.52%
Consumer Cyclical	12.4%
Communication Services	6.07%
Real Estate	5.07%
Energy	2.47%
Health Care	1.01%
Technology	0.47%
Utility	0.14%

Asset Allocation

Asset Class	Value
Cash	1.63%
Equity	98.37%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Jindal Steel Ltd (Basic Materials) Equity, Since 31 Jan 22 \| 532286	5%	₹310 Cr	2,786,470
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	5%	₹296 Cr	1,239,860
APL Apollo Tubes Ltd (Basic Materials) Equity, Since 30 Sep 22 \| APLAPOLLO	4%	₹276 Cr	1,425,196
BSE Ltd (Financial Services) Equity, Since 30 Apr 24 \| BSE	4%	₹272 Cr	1,011,840
Apar Industries Ltd (Industrials) Equity, Since 31 Jan 25 \| APARINDS	4%	₹261 Cr	263,711
Muthoot Finance Ltd (Financial Services) Equity, Since 30 Nov 23 \| 533398	4%	₹261 Cr	824,501
Jindal Stainless Ltd (Basic Materials) Equity, Since 31 Aug 22 \| JSL	3%	₹221 Cr	3,106,731
Bharti Hexacom Ltd (Communication Services) Equity, Since 30 Apr 24 \| BHARTIHEXA	3%	₹208 Cr	1,376,584
Vedanta Ltd (Basic Materials) Equity, Since 31 Aug 24 \| 500295	3%	₹205 Cr	3,128,459
PB Fintech Ltd (Financial Services) Equity, Since 31 May 24 \| 543390	3%	₹201 Cr	1,408,585

7. Franklin India Smaller Companies Fund

The Fund seeks to provide long-term capital appreciation by investing in mid and small cap companies.

Research Highlights for Franklin India Smaller Companies Fund

Lower mid AUM (₹12,934 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 20.31% (bottom quartile).
3Y return: 19.03% (bottom quartile).
1Y return: 6.05% (bottom quartile).
Alpha: -0.83 (bottom quartile).
Sharpe: 0.48 (bottom quartile).
Information ratio: -0.58 (bottom quartile).
Top sector: Consumer Cyclical.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~93%).
High-quality debt (AAA/AA ~100%).
Largest holding Syrma SGS Technology Ltd (~2.5%).

Below is the key information for Franklin India Smaller Companies Fund

Franklin India Smaller Companies Fund Growth
Launch Date	13 Jan 06
NAV (17 Apr 26)	₹166.42 ↑ 1.76 (1.07 %)
Net Assets (Cr)	₹12,934 on 28 Feb 26
Category	Equity - Small Cap
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.72
Sharpe Ratio	0.48
Information Ratio	-0.58
Alpha Ratio	-0.83
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 Mar 21	₹10,000
31 Mar 22	₹13,137
31 Mar 23	₹14,275
31 Mar 24	₹21,824
31 Mar 25	₹22,461
31 Mar 26	₹21,457

Franklin India Smaller Companies 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 Franklin India Smaller Companies Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26

Duration	Returns
1 Month	10.2%
3 Month	2.3%
6 Month	-1.2%
1 Year	6%
3 Year	19%
5 Year	20.3%
10 Year
15 Year
Since launch	14.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-8.4%
2024	23.2%
2023	52.1%
2022	3.6%
2021	56.4%
2020	18.7%
2019	-5%
2018	-17.4%
2017	43.5%
2016	10.2%

Fund Manager information for Franklin India Smaller Companies Fund

Name	Since	Tenure
R. Janakiraman	1 Feb 11	15.17 Yr.
Sandeep Manam	18 Oct 21	4.45 Yr.
Akhil Kalluri	8 Sep 22	3.56 Yr.

Data below for Franklin India Smaller Companies Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Consumer Cyclical	18.2%
Financial Services	18.2%
Industrials	18.18%
Basic Materials	10.17%
Health Care	9.95%
Technology	8.1%
Real Estate	3.71%
Consumer Defensive	3.44%
Utility	3.41%

Asset Allocation

Asset Class	Value
Cash	6.65%
Equity	93.35%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Syrma SGS Technology Ltd (Technology) Equity, Since 31 Aug 22 \| SYRMA	2%	₹320 Cr	3,895,864
Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 Oct 20 \| EQUITASBNK	2%	₹309 Cr	48,064,081
Aster DM Healthcare Ltd Ordinary Shares (Healthcare) Equity, Since 31 Jul 23 \| ASTERDM	2%	₹306 Cr	4,675,704
Brigade Enterprises Ltd (Real Estate) Equity, Since 30 Jun 14 \| BRIGADE	2%	₹269 Cr	3,868,691
CCL Products (India) Ltd (Consumer Defensive) Equity, Since 30 Apr 19 \| CCL	2%	₹266 Cr	2,616,654 ↓ -393,625
Kirloskar Oil Engines Ltd (Industrials) Equity, Since 30 Nov 22 \| KIRLOSENG	2%	₹258 Cr	1,850,935 ↓ -250,000
Eris Lifesciences Ltd Registered Shs (Healthcare) Equity, Since 30 Sep 19 \| ERIS	2%	₹254 Cr	1,866,828
Kajaria Ceramics Ltd (Industrials) Equity, Since 30 Apr 25 \| KAJARIACER	2%	₹239 Cr	2,499,656 ↑ 400,000
DCB Bank Ltd (Financial Services) Equity, Since 31 May 18 \| DCBBANK	2%	₹226 Cr	12,199,095
Deepak Nitrite Ltd (Basic Materials) Equity, Since 31 Jan 16 \| DEEPAKNTR	2%	₹219 Cr	1,387,967

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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.