Best Mid & Small Cap Mutual Funds to Invest in India 2025

Updated on December 31, 2025 , 18294 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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Top 7 Best Mid & Small Cap Funds To Invest In India 2025

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Motilal Oswal Midcap 30 Fund Growth	₹99.6925 ↑ 0.62	₹38,003	-0.3	-5.2	-12.6	25.3	27.5	-12.1
Nippon India Small Cap Fund Growth	₹167.432 ↑ 1.21	₹68,572	0.2	-3.1	-5.4	21.4	27.1	-4.7
HDFC Mid-Cap Opportunities Fund Growth	₹205.145 ↑ 1.41	₹92,169	6.5	4.2	6.6	25.6	25.5	6.8
Edelweiss Mid Cap Fund Growth	₹105.304 ↑ 0.53	₹13,196	5.7	2	2.9	25.9	25	3.8
HDFC Small Cap Fund Growth	₹139.704 ↑ 0.88	₹38,020	-0.4	-1.1	-1.2	20.1	24.6	-0.6
Invesco India Mid Cap Fund Growth	₹185.16 ↑ 1.22	₹10,006	3.7	2.3	5.7	27	24.1	6.3
Franklin India Smaller Companies Fund Growth	₹166.31 ↑ 1.95	₹13,529	0.1	-5.2	-8.6	20	22.7	-8.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Jan 26

Research Highlights & Commentary of 7 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	HDFC Mid-Cap Opportunities Fund	Edelweiss Mid Cap Fund	HDFC Small Cap Fund	Invesco India Mid Cap Fund	Franklin India Smaller Companies Fund
Point 1	Lower mid AUM (₹38,003 Cr).	Upper mid AUM (₹68,572 Cr).	Highest AUM (₹92,169 Cr).	Bottom quartile AUM (₹13,196 Cr).	Upper mid AUM (₹38,020 Cr).	Bottom quartile AUM (₹10,006 Cr).	Lower mid AUM (₹13,529 Cr).
Point 2	Established history (11+ yrs).	Established history (15+ yrs).	Established history (18+ yrs).	Established history (18+ yrs).	Established history (17+ yrs).	Established history (18+ yrs).	Oldest track record among peers (19 yrs).
Point 3	Rating: 3★ (lower mid).	Top rated.	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (upper 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: High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 27.52% (top quartile).	5Y return: 27.05% (upper mid).	5Y return: 25.46% (upper mid).	5Y return: 24.99% (lower mid).	5Y return: 24.62% (lower mid).	5Y return: 24.09% (bottom quartile).	5Y return: 22.73% (bottom quartile).
Point 6	3Y return: 25.28% (lower mid).	3Y return: 21.40% (lower mid).	3Y return: 25.64% (upper mid).	3Y return: 25.94% (upper mid).	3Y return: 20.15% (bottom quartile).	3Y return: 26.95% (top quartile).	3Y return: 19.99% (bottom quartile).
Point 7	1Y return: -12.59% (bottom quartile).	1Y return: -5.37% (lower mid).	1Y return: 6.60% (top quartile).	1Y return: 2.88% (upper mid).	1Y return: -1.20% (lower mid).	1Y return: 5.67% (upper mid).	1Y return: -8.57% (bottom quartile).
Point 8	Alpha: -11.47 (bottom quartile).	Alpha: -1.19 (lower mid).	Alpha: 1.50 (top quartile).	Alpha: -2.28 (lower mid).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (upper mid).	Alpha: -3.60 (bottom quartile).
Point 9	Sharpe: -0.40 (bottom quartile).	Sharpe: -0.40 (lower mid).	Sharpe: 0.26 (upper mid).	Sharpe: 0.05 (upper mid).	Sharpe: -0.18 (lower mid).	Sharpe: 0.37 (top quartile).	Sharpe: -0.51 (bottom quartile).
Point 10	Information ratio: 0.21 (upper mid).	Information ratio: 0.05 (lower mid).	Information ratio: 0.52 (top quartile).	Information ratio: 0.27 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: -0.13 (bottom quartile).

Motilal Oswal Midcap 30 Fund

Lower mid AUM (₹38,003 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 27.52% (top quartile).
3Y return: 25.28% (lower mid).
1Y return: -12.59% (bottom quartile).
Alpha: -11.47 (bottom quartile).
Sharpe: -0.40 (bottom quartile).
Information ratio: 0.21 (upper mid).

Nippon India Small Cap Fund

Upper mid AUM (₹68,572 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 27.05% (upper mid).
3Y return: 21.40% (lower mid).
1Y return: -5.37% (lower mid).
Alpha: -1.19 (lower mid).
Sharpe: -0.40 (lower mid).
Information ratio: 0.05 (lower mid).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹92,169 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 25.46% (upper mid).
3Y return: 25.64% (upper mid).
1Y return: 6.60% (top quartile).
Alpha: 1.50 (top quartile).
Sharpe: 0.26 (upper mid).
Information ratio: 0.52 (top quartile).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹13,196 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 24.99% (lower mid).
3Y return: 25.94% (upper mid).
1Y return: 2.88% (upper mid).
Alpha: -2.28 (lower mid).
Sharpe: 0.05 (upper mid).
Information ratio: 0.27 (upper mid).

HDFC Small Cap Fund

Upper mid AUM (₹38,020 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.62% (lower mid).
3Y return: 20.15% (bottom quartile).
1Y return: -1.20% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.18 (lower mid).
Information ratio: 0.00 (lower mid).

Invesco India Mid Cap Fund

Bottom quartile AUM (₹10,006 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.09% (bottom quartile).
3Y return: 26.95% (top quartile).
1Y return: 5.67% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.37 (top quartile).
Information ratio: 0.00 (bottom quartile).

Franklin India Smaller Companies Fund

Lower mid AUM (₹13,529 Cr).
Oldest track record among peers (19 yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 22.73% (bottom quartile).
3Y return: 19.99% (bottom quartile).
1Y return: -8.57% (bottom quartile).
Alpha: -3.60 (bottom quartile).
Sharpe: -0.51 (bottom quartile).
Information ratio: -0.13 (bottom quartile).

*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

Lower mid AUM (₹38,003 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 27.52% (top quartile).
3Y return: 25.28% (lower mid).
1Y return: -12.59% (bottom quartile).
Alpha: -11.47 (bottom quartile).
Sharpe: -0.40 (bottom quartile).
Information ratio: 0.21 (upper mid).
Higher exposure to Technology vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~92%).
Largest holding Persistent Systems Ltd (~10.0%).

Below is the key information for Motilal Oswal Midcap 30 Fund

Motilal Oswal Midcap 30 Fund Growth
Launch Date	24 Feb 14
NAV (02 Jan 26)	₹99.6925 ↑ 0.62 (0.62 %)
Net Assets (Cr)	₹38,003 on 30 Nov 25
Category	Equity - Mid Cap
AMC	Motilal Oswal Asset Management Co. Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.56
Sharpe Ratio	-0.4
Information Ratio	0.21
Alpha Ratio	-11.47
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 Dec 20	₹10,000
31 Dec 21	₹15,583
31 Dec 22	₹17,252
31 Dec 23	₹24,442
31 Dec 24	₹38,406
31 Dec 25	₹33,746

Motilal Oswal Midcap 30 Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹598,181.
Net Profit of ₹298,181 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 2 Jan 26

Duration	Returns
1 Month	-3.5%
3 Month	-0.3%
6 Month	-5.2%
1 Year	-12.6%
3 Year	25.3%
5 Year	27.5%
10 Year
15 Year
Since launch	21.4%

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
Ajay Khandelwal	1 Oct 24	1.17 Yr.
Niket Shah	1 Jul 20	5.42 Yr.
Rakesh Shetty	22 Nov 22	3.03 Yr.
Sunil Sawant	1 Jul 24	1.42 Yr.

Data below for Motilal Oswal Midcap 30 Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Technology	37.64%
Consumer Cyclical	18.46%
Industrials	11.9%
Financial Services	11.71%
Communication Services	8.74%
Real Estate	2.43%
Health Care	1.61%

Asset Allocation

Asset Class	Value
Cash	7.92%
Equity	92.08%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Persistent Systems Ltd (Technology) Equity, Since 31 Jan 23 \| PERSISTENT	10%	₹3,812 Cr	6,000,000
Coforge Ltd (Technology) Equity, Since 31 Mar 23 \| COFORGE	10%	₹3,770 Cr	19,750,000 ↑ 99,301
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 25 \| 543320	9%	₹3,301 Cr	110,001,000 ↑ 10,001,000
Dixon Technologies (India) Ltd (Technology) Equity, Since 31 Mar 23 \| DIXON	8%	₹3,066 Cr	2,100,000
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 29 Feb 24 \| KALYANKJIL	8%	₹3,034 Cr	60,043,240 ↑ 43,240
One97 Communications Ltd (Technology) Equity, Since 30 Sep 24 \| 543396	8%	₹2,969 Cr	22,479,961 ↓ -2,520,039
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 25 \| BHARTIARTL	5%	₹1,997 Cr	9,500,000 ↑ 9,500,000
Polycab India Ltd (Industrials) Equity, Since 30 Sep 23 \| POLYCAB	5%	₹1,889 Cr	2,528,264 ↓ -145,406
Aditya Birla Capital Ltd (Financial Services) Equity, Since 30 Jun 25 \| ABCAPITAL	4%	₹1,701 Cr	47,500,000 ↑ 7,482,572
KEI Industries Ltd (Industrials) Equity, Since 30 Nov 24 \| KEI	4%	₹1,658 Cr	4,000,000

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 (₹68,572 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 27.05% (upper mid).
3Y return: 21.40% (lower mid).
1Y return: -5.37% (lower mid).
Alpha: -1.19 (lower mid).
Sharpe: -0.40 (lower mid).
Information ratio: 0.05 (lower mid).
Higher exposure to Industrials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
Largest holding Multi Commodity Exchange of India Ltd (~2.7%).

Below is the key information for Nippon India Small Cap Fund

Nippon India Small Cap Fund Growth
Launch Date	16 Sep 10
NAV (02 Jan 26)	₹167.432 ↑ 1.21 (0.73 %)
Net Assets (Cr)	₹68,572 on 30 Nov 25
Category	Equity - Small Cap
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.44
Sharpe Ratio	-0.4
Information Ratio	0.05
Alpha Ratio	-1.19
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 Dec 20	₹10,000
31 Dec 21	₹17,434
31 Dec 22	₹18,574
31 Dec 23	₹27,661
31 Dec 24	₹34,872
31 Dec 25	₹33,217

Nippon India Small Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹598,181.
Net Profit of ₹298,181 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 2 Jan 26

Duration	Returns
1 Month	-0.3%
3 Month	0.2%
6 Month	-3.1%
1 Year	-5.4%
3 Year	21.4%
5 Year	27.1%
10 Year
15 Year
Since launch	20.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-4.7%
2023	26.1%
2022	48.9%
2021	6.5%
2020	74.3%
2019	29.2%
2018	-2.5%
2017	-16.7%
2016	63%
2015	5.6%

Fund Manager information for Nippon India Small Cap Fund

Name	Since	Tenure
Samir Rachh	2 Jan 17	8.92 Yr.
Kinjal Desai	25 May 18	7.53 Yr.
Lokesh Maru	5 Sep 25	0.24 Yr.
Divya Sharma	5 Sep 25	0.24 Yr.

Data below for Nippon India Small Cap Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Industrials	20.06%
Financial Services	16.18%
Consumer Cyclical	15.33%
Basic Materials	11.01%
Consumer Defensive	10.83%
Health Care	8.81%
Technology	7.25%
Utility	2.37%
Energy	1.83%
Communication Services	1.23%
Real Estate	0.95%

Asset Allocation

Asset Class	Value
Cash	4.15%
Equity	95.85%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 28 Feb 21 \| MCX	3%	₹1,865 Cr	1,851,010
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 22 \| HDFCBANK	2%	₹1,340 Cr	13,300,000
State Bank of India (Financial Services) Equity, Since 31 Oct 19 \| SBIN	1%	₹1,013 Cr	10,347,848
Karur Vysya Bank Ltd (Financial Services) Equity, Since 28 Feb 17 \| KARURVYSYA	1%	₹946 Cr	38,140,874
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 30 Sep 22 \| BHEL	1%	₹858 Cr	29,507,422 ↑ 969,190
Apar Industries Ltd (Industrials) Equity, Since 31 Mar 17 \| APARINDS	1%	₹824 Cr	899,271
TD Power Systems Ltd (Industrials) Equity, Since 31 Dec 15 \| TDPOWERSYS	1%	₹799 Cr	10,278,244
eClerx Services Ltd (Technology) Equity, Since 31 Jul 20 \| ECLERX	1%	₹779 Cr	1,712,794
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 24 \| RELIANCE	1%	₹778 Cr	4,964,128
Axis Bank Ltd (Financial Services) Equity, Since 31 Jul 24 \| AXISBANK	1%	₹765 Cr	5,977,976

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 (₹92,169 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 25.46% (upper mid).
3Y return: 25.64% (upper mid).
1Y return: 6.60% (top quartile).
Alpha: 1.50 (top quartile).
Sharpe: 0.26 (upper mid).
Information ratio: 0.52 (top quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~94%).
Largest holding Max Financial Services Ltd (~4.8%).

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

HDFC Mid-Cap Opportunities Fund Growth
Launch Date	25 Jun 07
NAV (02 Jan 26)	₹205.145 ↑ 1.41 (0.69 %)
Net Assets (Cr)	₹92,169 on 30 Nov 25
Category	Equity - Mid Cap
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.4
Sharpe Ratio	0.26
Information Ratio	0.52
Alpha Ratio	1.5
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 Dec 20	₹10,000
31 Dec 21	₹13,991
31 Dec 22	₹15,710
31 Dec 23	₹22,696
31 Dec 24	₹29,191
31 Dec 25	₹31,183

HDFC Mid-Cap Opportunities Fund SIP Returns

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

Returns for 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 2 Jan 26

Duration	Returns
1 Month	0.3%
3 Month	6.5%
6 Month	4.2%
1 Year	6.6%
3 Year	25.6%
5 Year	25.5%
10 Year
15 Year
Since launch	17.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.8%
2023	28.6%
2022	44.5%
2021	12.3%
2020	39.9%
2019	21.7%
2018	0.2%
2017	-11.2%
2016	41.7%
2015	11.3%

Fund Manager information for HDFC Mid-Cap Opportunities Fund

Name	Since	Tenure
Chirag Setalvad	25 Jun 07	18.45 Yr.
Dhruv Muchhal	22 Jun 23	2.45 Yr.

Data below for HDFC Mid-Cap Opportunities Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	27.28%
Consumer Cyclical	16.69%
Health Care	12.26%
Technology	10.48%
Industrials	9.05%
Consumer Defensive	5.56%
Basic Materials	5.07%
Communication Services	2.76%
Energy	2.76%
Utility	1.11%

Asset Allocation

Asset Class	Value
Cash	6.28%
Equity	93.72%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Max Financial Services Ltd (Financial Services) Equity, Since 31 Oct 14 \| MFSL	5%	₹4,390 Cr	25,792,853
AU Small Finance Bank Ltd (Financial Services) Equity, Since 30 Nov 23 \| AUBANK	4%	₹3,745 Cr	39,201,056 ↑ 1,500,000
The Federal Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| FEDERALBNK	4%	₹3,297 Cr	127,825,000
Indian Bank (Financial Services) Equity, Since 31 Oct 11 \| INDIANB	3%	₹3,207 Cr	36,854,482
Balkrishna Industries Ltd (Consumer Cyclical) Equity, Since 31 Mar 12 \| BALKRISIND	3%	₹3,053 Cr	13,224,300
Coforge Ltd (Technology) Equity, Since 30 Jun 22 \| COFORGE	3%	₹2,982 Cr	15,620,600
Ipca Laboratories Ltd (Healthcare) Equity, Since 31 Jul 07 \| IPCALAB	3%	₹2,593 Cr	17,846,931 ↑ 97,458
Fortis Healthcare Ltd (Healthcare) Equity, Since 30 Nov 23 \| FORTIS	3%	₹2,558 Cr	27,834,044
Hindustan Petroleum Corp Ltd (Energy) Equity, Since 30 Sep 21 \| HINDPETRO	3%	₹2,541 Cr	55,530,830
Glenmark Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Jan 18 \| GLENMARK	3%	₹2,459 Cr	12,636,078

4. 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

Bottom quartile AUM (₹13,196 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 24.99% (lower mid).
3Y return: 25.94% (upper mid).
1Y return: 2.88% (upper mid).
Alpha: -2.28 (lower mid).
Sharpe: 0.05 (upper mid).
Information ratio: 0.27 (upper mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Coforge Ltd (~3.4%).

Below is the key information for Edelweiss Mid Cap Fund

Edelweiss Mid Cap Fund Growth
Launch Date	26 Dec 07
NAV (02 Jan 26)	₹105.304 ↑ 0.53 (0.50 %)
Net Assets (Cr)	₹13,196 on 30 Nov 25
Category	Equity - Mid Cap
AMC	Edelweiss Asset Management Limited
Rating	☆☆☆
Risk	High
Expense Ratio	1.75
Sharpe Ratio	0.05
Information Ratio	0.27
Alpha Ratio	-2.28
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 Dec 20	₹10,000
31 Dec 21	₹15,026
31 Dec 22	₹15,381
31 Dec 23	₹21,291
31 Dec 24	₹29,572
31 Dec 25	₹30,687

Edelweiss Mid Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833 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 2 Jan 26

Duration	Returns
1 Month	0.9%
3 Month	5.7%
6 Month	2%
1 Year	2.9%
3 Year	25.9%
5 Year	25%
10 Year
15 Year
Since launch	14%

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	1.13 Yr.
Trideep Bhattacharya	1 Oct 21	4.17 Yr.
Raj Koradia	1 Aug 24	1.33 Yr.

Data below for Edelweiss Mid Cap Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	28.35%
Consumer Cyclical	14.44%
Industrials	12.89%
Technology	11.74%
Basic Materials	9.3%
Health Care	8.56%
Consumer Defensive	4.2%
Real Estate	3.03%
Energy	2.16%
Communication Services	1.92%
Utility	0.54%

Asset Allocation

Asset Class	Value
Cash	2.83%
Equity	97.16%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Coforge Ltd (Technology) Equity, Since 30 Jun 23 \| COFORGE	3%	₹454 Cr	2,377,155 ↑ 398,633
Persistent Systems Ltd (Technology) Equity, Since 31 Mar 21 \| PERSISTENT	3%	₹405 Cr	637,288 ↑ 86,735
BSE Ltd (Financial Services) Equity, Since 31 Mar 24 \| BSE	3%	₹333 Cr	1,145,902 ↑ 717,869
Indian Bank (Financial Services) Equity, Since 31 Jan 21 \| INDIANB	2%	₹292 Cr	3,355,391
PB Fintech Ltd (Financial Services) Equity, Since 29 Feb 24 \| 543390	2%	₹284 Cr	1,559,919
The Federal Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| FEDERALBNK	2%	₹283 Cr	10,970,839 ↑ 3,022,466
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	2%	₹277 Cr	274,589
Max Healthcare Institute Ltd Ordinary Shares (Healthcare) Equity, Since 31 Jul 21 \| MAXHEALTH	2%	₹273 Cr	2,349,767 ↓ -625,626
UNO Minda Ltd (Consumer Cyclical) Equity, Since 31 Aug 17 \| UNOMINDA	2%	₹259 Cr	1,981,889
IDFC First Bank Ltd (Financial Services) Equity, Since 31 Aug 25 \| 539437	2%	₹258 Cr	32,227,248 ↑ 11,034,554

5. HDFC Small Cap Fund

To provide long-term capital appreciation by investing predominantly in Small-Cap and Mid-Cap companies.

Research Highlights for HDFC Small Cap Fund

Upper mid AUM (₹38,020 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.62% (lower mid).
3Y return: 20.15% (bottom quartile).
1Y return: -1.20% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.18 (lower mid).
Information ratio: 0.00 (lower mid).
Higher exposure to Industrials vs peer median.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Equity-heavy allocation (~90%).
Largest holding Firstsource Solutions Ltd (~5.0%).

Below is the key information for HDFC Small Cap Fund

HDFC Small Cap Fund Growth
Launch Date	3 Apr 08
NAV (02 Jan 26)	₹139.704 ↑ 0.88 (0.64 %)
Net Assets (Cr)	₹38,020 on 30 Nov 25
Category	Equity - Small Cap
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.58
Sharpe Ratio	-0.18
Information Ratio	0
Alpha Ratio	0
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 Dec 20	₹10,000
31 Dec 21	₹16,488
31 Dec 22	₹17,245
31 Dec 23	₹24,978
31 Dec 24	₹30,076
31 Dec 25	₹29,901

HDFC Small Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833 Invest Now

Returns for HDFC 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 2 Jan 26

Duration	Returns
1 Month	-0.8%
3 Month	-0.4%
6 Month	-1.1%
1 Year	-1.2%
3 Year	20.1%
5 Year	24.6%
10 Year
15 Year
Since launch	16%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-0.6%
2023	20.4%
2022	44.8%
2021	4.6%
2020	64.9%
2019	20.2%
2018	-9.5%
2017	-8.1%
2016	60.8%
2015	5.4%

Fund Manager information for HDFC Small Cap Fund

Name	Since	Tenure
Chirag Setalvad	28 Jun 14	11.44 Yr.
Dhruv Muchhal	22 Jun 23	2.45 Yr.

Data below for HDFC Small Cap Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Industrials	20.79%
Consumer Cyclical	18.73%
Technology	12.89%
Financial Services	12.58%
Health Care	11.87%
Basic Materials	6.86%
Consumer Defensive	3.66%
Communication Services	1.63%

Asset Allocation

Asset Class	Value
Cash	10.22%
Equity	89.78%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Firstsource Solutions Ltd (Technology) Equity, Since 31 Mar 18 \| FSL	5%	₹1,911 Cr	55,264,362
Aster DM Healthcare Ltd Ordinary Shares (Healthcare) Equity, Since 30 Jun 19 \| ASTERDM	4%	₹1,592 Cr	23,927,134
eClerx Services Ltd (Technology) Equity, Since 31 Mar 18 \| ECLERX	4%	₹1,498 Cr	3,291,244 ↓ -335,351
Bank of Baroda (Financial Services) Equity, Since 31 Mar 19 \| BANKBARODA	4%	₹1,357 Cr	46,828,792
Eris Lifesciences Ltd Registered Shs (Healthcare) Equity, Since 31 Jul 23 \| ERIS	3%	₹1,034 Cr	6,482,100
Gabriel India Ltd (Consumer Cyclical) Equity, Since 31 Oct 18 \| GABRIEL	3%	₹957 Cr	9,298,375 ↓ -179,000
Fortis Healthcare Ltd (Healthcare) Equity, Since 31 Jul 23 \| FORTIS	2%	₹868 Cr	9,440,132 ↓ -533,000
Indian Bank (Financial Services) Equity, Since 31 Jul 16 \| INDIANB	2%	₹843 Cr	9,688,128
Krishna Institute of Medical Sciences Ltd (Healthcare) Equity, Since 31 Jul 23 \| 543308	2%	₹762 Cr	11,127,166
Sonata Software Ltd (Technology) Equity, Since 31 Oct 17 \| SONATSOFTW	2%	₹692 Cr	19,371,219 ↑ 111,381

6. 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 (₹10,006 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.09% (bottom quartile).
3Y return: 26.95% (top quartile).
1Y return: 5.67% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.37 (top quartile).
Information ratio: 0.00 (bottom quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding The Federal Bank Ltd (~5.7%).

Below is the key information for Invesco India Mid Cap Fund

Invesco India Mid Cap Fund Growth
Launch Date	19 Apr 07
NAV (02 Jan 26)	₹185.16 ↑ 1.22 (0.66 %)
Net Assets (Cr)	₹10,006 on 30 Nov 25
Category	Equity - Mid Cap
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.82
Sharpe Ratio	0.37
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 Dec 20	₹10,000
31 Dec 21	₹14,314
31 Dec 22	₹14,388
31 Dec 23	₹19,297
31 Dec 24	₹27,624
31 Dec 25	₹29,374

Invesco India Mid Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833 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 2 Jan 26

Duration	Returns
1 Month	-0.7%
3 Month	3.7%
6 Month	2.3%
1 Year	5.7%
3 Year	27%
5 Year	24.1%
10 Year
15 Year
Since launch	16.9%

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	2.06 Yr.
Amit Ganatra	1 Sep 23	2.25 Yr.

Data below for Invesco India Mid Cap Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	34.71%
Consumer Cyclical	20.6%
Health Care	17.1%
Real Estate	7.67%
Industrials	6.94%
Technology	6.9%
Basic Materials	3.63%
Communication Services	0.44%

Asset Allocation

Asset Class	Value
Cash	2.01%
Equity	97.99%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
The Federal Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| FEDERALBNK	6%	₹575 Cr	22,304,132 ↑ 2,343,148
AU Small Finance Bank Ltd (Financial Services) Equity, Since 31 Jul 25 \| AUBANK	6%	₹567 Cr	5,936,790
L&T Finance Ltd (Financial Services) Equity, Since 31 Dec 23 \| LTF	5%	₹526 Cr	16,854,973
Swiggy Ltd (Consumer Cyclical) Equity, Since 30 Nov 24 \| SWIGGY	5%	₹514 Cr	13,591,659 ↑ 1,712,546
BSE Ltd (Financial Services) Equity, Since 31 Dec 23 \| BSE	4%	₹441 Cr	1,519,233
Max Financial Services Ltd (Financial Services) Equity, Since 30 Nov 23 \| MFSL	4%	₹412 Cr	2,422,867
Prestige Estates Projects Ltd (Real Estate) Equity, Since 30 Nov 23 \| PRESTIGE	4%	₹411 Cr	2,451,815
Glenmark Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Mar 24 \| GLENMARK	4%	₹363 Cr	1,864,031
Global Health Ltd (Healthcare) Equity, Since 30 Nov 23 \| MEDANTA	3%	₹342 Cr	2,742,111 ↑ 540,183
Trent Ltd (Consumer Cyclical) Equity, Since 30 Apr 21 \| TRENT	3%	₹304 Cr	716,270 ↑ 132,839

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 (₹13,529 Cr).
Oldest track record among peers (19 yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 22.73% (bottom quartile).
3Y return: 19.99% (bottom quartile).
1Y return: -8.57% (bottom quartile).
Alpha: -3.60 (bottom quartile).
Sharpe: -0.51 (bottom quartile).
Information ratio: -0.13 (bottom quartile).
Top sector: Consumer Cyclical.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
High-quality debt (AAA/AA ~100%).
Largest holding Brigade Enterprises Ltd (~2.6%).

Below is the key information for Franklin India Smaller Companies Fund

Franklin India Smaller Companies Fund Growth
Launch Date	13 Jan 06
NAV (02 Jan 26)	₹166.31 ↑ 1.95 (1.18 %)
Net Assets (Cr)	₹13,529 on 30 Nov 25
Category	Equity - Small Cap
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.72
Sharpe Ratio	-0.51
Information Ratio	-0.13
Alpha Ratio	-3.6
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 Dec 20	₹10,000
31 Dec 21	₹15,637
31 Dec 22	₹16,196
31 Dec 23	₹24,642
31 Dec 24	₹30,350
31 Dec 25	₹27,803

Franklin India Smaller Companies 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 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 2 Jan 26

Duration	Returns
1 Month	-0.6%
3 Month	0.1%
6 Month	-5.2%
1 Year	-8.6%
3 Year	20%
5 Year	22.7%
10 Year
15 Year
Since launch	15.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-8.4%
2023	23.2%
2022	52.1%
2021	3.6%
2020	56.4%
2019	18.7%
2018	-5%
2017	-17.4%
2016	43.5%
2015	10.2%

Fund Manager information for Franklin India Smaller Companies Fund

Name	Since	Tenure
R. Janakiraman	1 Feb 11	14.84 Yr.
Sandeep Manam	18 Oct 21	4.12 Yr.
Akhil Kalluri	8 Sep 22	3.23 Yr.

Data below for Franklin India Smaller Companies Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Consumer Cyclical	20.24%
Financial Services	17.68%
Industrials	17.66%
Health Care	10.61%
Basic Materials	9.81%
Technology	8.83%
Real Estate	4.28%
Consumer Defensive	3.8%
Utility	3.38%

Asset Allocation

Asset Class	Value
Cash	2.95%
Equity	96.88%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Brigade Enterprises Ltd (Real Estate) Equity, Since 30 Jun 14 \| BRIGADE	3%	₹346 Cr	3,868,691
Syrma SGS Technology Ltd (Technology) Equity, Since 31 Aug 22 \| SYRMA	2%	₹320 Cr	3,895,864 ↓ -127,547
Aster DM Healthcare Ltd Ordinary Shares (Healthcare) Equity, Since 31 Jul 23 \| ASTERDM	2%	₹311 Cr	4,675,704 ↓ -942,430
Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 Oct 20 \| EQUITASBNK	2%	₹308 Cr	48,064,081
CCL Products (India) Ltd (Consumer Defensive) Equity, Since 30 Apr 19 \| CCL	2%	₹304 Cr	3,010,279 ↓ -250,000
Eris Lifesciences Ltd Registered Shs (Healthcare) Equity, Since 30 Sep 19 \| ERIS	2%	₹298 Cr	1,866,828
J.B. Chemicals & Pharmaceuticals Ltd (Healthcare) Equity, Since 30 Jun 14 \| JBCHEPHARM	2%	₹257 Cr	1,448,723
Zensar Technologies Ltd (Technology) Equity, Since 28 Feb 23 \| ZENSARTECH	2%	₹253 Cr	3,374,581 ↑ 154,241
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 31 May 22 \| KALYANKJIL	2%	₹251 Cr	4,963,469
Sobha Ltd (Real Estate) Equity, Since 31 Mar 12 \| SOBHA	2%	₹233 Cr	1,513,099

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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.