Mid cap funds in India
34 live funds in the Mid Cap category, ordered by 5-year return, highest first; Motilal Oswal Midcap Fund leads. Funds younger than five years follow by name. Returns are for the plan each fund's page leads with, Direct where the fund has one, to each fund's latest NAV, the newest of them on 27 Oct 2026; 3 and 5 year returns are a year, compounded.
- Category median, 1 yearCategory median, 1 year. The middle return among the Mid Cap category's funds, each over the same window to its own latest NAV, on their Direct plans.
- −2.04%Middle of 31 funds
- Category median, 3 yearsCategory median, 3 years. The middle return among the Mid Cap category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +15.34%Middle of 29 funds
- Category median, 5 yearsCategory median, 5 years. The middle return among the Mid Cap category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +13.39%Middle of 25 funds
Mid Cap funds
Size is the average money the fund managed over its latest quarter. Cost is its yearly expense ratio.Filter them in the screener
Motilal Oswal Midcap FundMotilal Oswal Mutual FundNAV₹110.80491Y−8.09%3Y+16.76%5Y+18.23%Size₹40,809 CrCost0.92%
HSBC Midcap FundHSBC Mutual FundNAV₹501.25551Y+10.07%3Y+21.71%5Y+16.85%Size₹16,299 CrCost1.11%
Invesco India Mid Cap FundInvesco Mutual FundNAV₹221.59001Y−1.63%3Y+21.40%5Y+16.78%Size₹15,234 CrCost0.77%
HDFC Mid Cap FundHDFC Mutual FundNAV₹216.12301Y−2.48%3Y+15.69%5Y+16.58%Size₹1,05,346 CrCost0.74%
Edelweiss Mid Cap FundEdelweiss Mutual FundNAV₹118.82901Y−2.04%3Y+18.85%5Y+15.81%Size₹19,084 CrCost0.68%
Nippon India Growth Mid Cap FundNippon India Mutual FundNAV₹4,605.87321Y−1.55%3Y+16.42%5Y+15.69%Size₹51,142 CrCost0.80%
Mahindra Manulife Mid Cap FundMahindra Manulife Mutual FundNAV₹37.58731Y−1.45%3Y+15.34%5Y+14.74%Size₹5,252 CrCost0.76%
Sundaram Mid Cap FundSundaram Mutual FundNAV₹1,501.79001Y−4.45%3Y+16.18%5Y+14.70%Size₹14,485 CrCost1.06%
ICICI Prudential Mid Cap FundICICI Prudential Mutual FundNAV₹352.10001Y+1.37%3Y+19.37%5Y+14.52%Size₹8,094 CrCost1.10%
Kotak Mid Cap FundKotak Mahindra Mutual FundNAV₹154.63801Y−4.57%3Y+14.90%5Y+14.27%Size₹69,655 CrCost0.55%
Union Midcap FundUnion Mutual FundNAV₹53.25001Y+0.51%3Y+15.54%5Y+13.50%Size₹1,933 CrCost1.08%
ITI Mid Cap FundITI Mutual FundNAV₹23.39221Y−1.72%3Y+17.44%5Y+13.42%Size₹1,494 CrCost0.91%
quant Mid Cap Fundquant Mutual FundNAV₹234.70451Y−2.66%3Y+10.10%5Y+13.39%Size₹8,023 CrCost1.16%
Baroda BNP Paribas Mid Cap FundBaroda BNP Paribas Mutual FundNAV₹124.26161Y+0.85%3Y+15.23%5Y+13.10%Size₹2,597 CrCost0.78%
Mirae Asset Midcap FundMirae Asset Mutual FundNAV₹40.08601Y−2.51%3Y+14.25%5Y+12.88%Size₹20,305 CrCost0.96%
Tata Mid Cap FundTata Mutual FundNAV₹490.78621Y−2.19%3Y+13.32%5Y+12.75%Size₹6,088 CrCost0.85%
Axis Midcap FundAxis Mutual FundNAV₹135.44001Y+0.60%3Y+15.84%5Y+11.56%Size₹34,576 CrCost0.80%
Aditya Birla Sun Life Midcap FundAditya Birla Sun Life Mutual FundNAV₹874.35001Y−2.43%3Y+13.22%5Y+11.29%Size₹6,788 CrCost1.22%
Franklin India Mid Cap FundFranklin Templeton Mutual FundNAV₹2,911.90631Y−7.68%3Y+13.51%5Y+11.16%Size₹12,837 CrCost1.14%
SBI Midcap FundSBI Mutual FundNAV₹249.86431Y−4.34%3Y+8.88%5Y+11.09%Size₹24,262 CrCost1.03%
LIC MF Mid Cap FundLIC Mutual FundNAV₹31.80961Y−4.03%3Y+13.62%5Y+10.33%Size₹381 CrCost1.99%
Taurus Mid Cap FundTaurus Mutual FundNAV₹129.69001Y−1.62%3Y+9.41%5Y+10.32%Size₹136 CrCost2.36%
UTI Mid Cap FundUTI Mutual FundNAV₹327.62391Y−4.35%3Y+10.50%5Y+10.07%Size₹12,421 CrCost1.27%
DSP Midcap FundDSP Mutual FundNAV₹160.01501Y−4.44%3Y+12.53%5Y+9.80%Size₹20,510 CrCost0.85%
PGIM India Midcap FundPGIM India Mutual FundNAV₹72.69001Y−5.31%3Y+10.77%5Y+8.91%Size₹11,037 CrCost0.72%
Bandhan Midcap FundBandhan Mutual FundNAV₹19.22701Y+2.18%3Y+16.99%5Y–Size₹2,479 CrCost0.77%
Bank of India Mid Cap FundBank of India Mutual FundNAV₹10.00001Y−1.48%3Y–5Y–Size₹742 CrCost1.38%
Canara Robeco Mid Cap FundCanara Robeco Mutual FundNAV₹17.97001Y−2.44%3Y+15.33%5Y–Size₹5,058 CrCost0.91%
Helios Mid Cap FundHelios Mutual FundNAV₹13.13001Y+1.00%3Y–5Y–Size₹2,106 CrCost0.94%
JM Mid Cap FundJM Financial Mutual FundNAV₹20.83471Y+0.18%3Y+17.51%5Y–Size₹1,319 CrCost0.95%
Samco Mid Cap FundSamco Mutual FundNAV₹9.37001Y–3Y–5Y–Size₹79 CrCost1.66%
The Wealth Company Mid Cap FundThe Wealth Company Mutual FundNAV₹9.02701Y–3Y–5Y–Size₹106 CrCost2.26%
TRUSTMF Mid Cap FundTrust Mutual FundNAV₹11.40001Y–3Y–5Y–Size₹517 CrCost1.93%
WhiteOak Capital Mid Cap FundWhiteOak Capital Mutual FundNAV₹21.93501Y+3.72%3Y+20.28%5Y–Size₹7,096 CrCost0.94%
Tax on mid cap funds
Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
About mid cap funds in India
Mid cap funds in India are equity mutual funds that put at least 65% of their assets in mid cap companies, the 101st to 250th largest listed companies by market value. SEBI sets this rule for the category.
The SEBI rule
SEBI requires a mid cap fund to invest at least 65% of its total assets in equity and equity-related instruments of mid cap companies. Market capitalisation is the value of all a company's shares at the market price. SEBI's size bands rank listed companies by it: the 1st to 100th are large cap, the 101st to 250th are mid cap, and the 251st onward are small cap.
The ranking is not set by each fund house. AMFI publishes one list of stocks for all funds and updates it every six months, so a company can move between bands at each update.
What the other 35% can hold
The rule fixes the floor, not the whole portfolio. The remaining assets may go into large cap and small cap shares, money market instruments, gold and silver instruments or InvITs (infrastructure trusts), within each fund's scheme document. A mid cap fund can therefore hold some large cap or small cap shares, and its returns reflect that mix.
How it differs from neighbouring categories
A large cap fund must hold at least 80% in the top 100 companies and a small cap fund at least 65% in the 251st onward. A large and mid cap fund must hold at least 35% in large caps and 35% in mid caps. A multi cap fund must hold at least 25% each in large, mid and small caps. The mid cap category is the one that commits most of its portfolio to the middle band.
Tax on mid cap funds
With at least 65% in listed Indian shares, a mid cap fund is taxed as an equity fund. For the year to Mar 2027, a gain on units sold within 12 months is taxed at 20%; after 12 months, gains above ₹1.25 lakh a year are taxed at 12.5%, before surcharge and cess.
What this page shows
Each live mid cap fund appears with its NAV, returns over 1, 3 and 5 years (the longer two as yearly rates), size and yearly expense ratio, from its Direct plan where it has one. Funds with five years of history lead, highest 5 year return first; younger ones follow by name, with a dash where history runs short. Above the table sit the category's median returns, the middle value among its funds.