List of Top Mid Cap Mutual Funds in India
Mid Cap Funds invest primarily in the stocks of companies that rank 101st to 250th in terms of market capitalisation. These funds are required to allocate at least 65% of their assets in equity and related instruments of mid-cap companies. Compared to small-cap funds, they typically carry lower risk, but still offer higher growth potential than large-cap funds.
Best Mid-Cap Mutual Funds in India
Here’s the mid-cap equity fund list sorted by 3Y CAGR as of 17th September, 2025.
| Fund Name | AUM | CAGR 3Y | Expense Ratio |
|---|---|---|---|
| Invesco India Midcap Fund | 8,062.31 | 29.09 | 0.56 |
| Motilal Oswal Midcap Fund | 34,779.74 | 28.45 | 0.69 |
| WOC Mid Cap Fund | 3,581.58 | 27.23 | 0.42 |
| HDFC Mid Cap Fund | 83,104.83 | 26.01 | 0.74 |
| HSBC Midcap Fund | 11,749.13 | 25.76 | 0.65 |
| Edelweiss Mid Cap Fund | 11,297.33 | 25.66 | 0.38 |
| Nippon India Growth Mid Cap Fund | 38,385.96 | 25.41 | 0.71 |
| Mahindra Manulife Mid Cap Fund | 3,904.62 | 24.67 | 0.47 |
| ITI Mid Cap Fund | 1,201.47 | 23.98 | 0.57 |
| Sundaram Mid Cap Fund | 12,501.03 | 23.82 | 0.93 |
Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Note: The list of top mid cap funds is from 20th January 2025 and the data is derived from Tickertape Mutual Fund Screener, using the following filters:
- Category: Mid Cap Funds
- Plan: Growth
- CAGR 5Y: Sorted from Highest to Lowest
Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
Overview of the 10 Best Mid-Cap Mutual Funds
Invesco India Midcap Fund
Invesco India Midcap Fund invests in mid-sized companies with high growth potential across various sectors. The fund aims to capture opportunities in emerging businesses that can offer long-term capital appreciation while balancing risk through diversified exposure.
Motilal Oswal Midcap Fund
Motilal Oswal Midcap Fund focuses on investing in mid-cap companies that demonstrate strong growth prospects. It follows an active investment strategy to select stocks with potential for high capital appreciation while keeping risk levels manageable for investors seeking higher returns.
WOC Mid Cap Fund
WOC Mid Cap Fund seeks to invest in high-growth mid-sized companies. With a focus on quality stocks, the fund aims to provide investors with long-term capital growth by investing in companies with strong financials, steady earnings, and growth potential.
HDFC Mid Cap Fund
HDFC Mid Cap Fund primarily invests in mid-cap stocks with growth potential across multiple sectors. The fund aims to generate long-term capital appreciation by identifying emerging companies poised for growth while keeping volatility in check.
HSBC Midcap Fund
HSBC Midcap Fund focuses on investing in companies that lie between large-cap and small-cap in terms of market capitalization. The fund aims to achieve long-term capital growth by selecting stocks with the potential for substantial expansion.
Edelweiss Mid Cap Fund
Edelweiss Mid Cap Fund invests in high-growth mid-sized companies across various industries. The fund identifies undervalued stocks with strong growth potential to drive long-term capital appreciation while managing risk through active stock selection.
Nippon India Growth Mid Cap Fund
Nippon India Growth Mid Cap Fund invests in mid-cap companies with high growth potential. It seeks to generate capital appreciation over the long term by targeting quality growth stocks in emerging sectors.
Mahindra Manulife Mid Cap Fund
Mahindra Manulife Mid Cap Fund targets mid-cap companies with strong growth potential. It aims to capture opportunities in mid-sized businesses, offering long-term capital appreciation while maintaining a diversified and balanced portfolio to manage risk.
ITI Mid Cap Fund
ITI Mid Cap Fund invests in companies with significant growth potential in the mid-cap space. The fund follows an active management strategy to identify high-growth stocks, aiming for long-term capital appreciation for investors with moderate risk tolerance.
Sundaram Mid Cap Fund
Sundaram Mid Cap Fund focuses on building a diversified portfolio of mid-cap stocks with strong growth potential. It aims for long-term capital appreciation by investing in companies with growth, financial strength, and market leadership.
What are Mid-Cap Mutual Funds?
Mid-cap mutual funds focus on investing in companies with a medium market capitalisation, typically between ₹5,000 cr and ₹20,000 cr. They usually hold a diversified mid-cap fund portfolio across multiple sectors, including consumer goods, technology, financial services, and industrials.
Taxation of Mid-Cap Mutual Funds
Mid-cap funds fall under equity mutual funds, as they primarily invest in equity and equity-related instruments of mid-sized companies with significant market presence and growth potential. The taxation rules for such funds are aligned with equity mutual fund taxation in India.
| Type of Capital Gain | Holding Period | Tax Rate | Exemption / Threshold |
| Short-Term Capital Gains (STCG) | Less than 12 months | 15% (equity funds) | No exemption on gains |
| Long-Term Capital Gains (LTCG) | More than 12 months | 10% on gains above ₹1 lakh | Exemption on gains up to ₹1 lakh per financial year |
| Dividend Income | N/A | Taxed as per income tax slab | No Dividend Distribution Tax (DDT), taxable in investor’s hands |
How to Invest in Mid-Cap Mutual Funds?
You can easily start to invest in mid-cap funds by following these steps:
- To invest in the best mid-cap mutual funds, you can visit a mutual fund investment platform such as smallcase.
- The next step is to research and identify the mid-cap mutual funds that match your financial goals. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
- Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode, either a one-time lump sum or a mid-cap mutual fund SIP, and complete the process.
Advantages of Mid-Cap Mutual Funds
- Exposure to Growing Companies: Mid-cap equity funds invest in companies that are expanding their operations or market share. This gives insights into long-term trends in high-performing mid-cap funds and helps in understanding mid-cap mutual fund performance over time.
- Diversification Across Sectors: Top mid-cap funds invest across various sectors. This reduces reliance on a single industry’s performance and offers a clearer picture of risk distribution within the portfolio.
- Long-Term Growth Perspective: Mid-cap funds are typically studied over a 5–10 year period. Their historical performance data shows trends in capital appreciation across medium-sized companies.
- Representation of Mid-Market Companies: Mid-cap investment funds focus on companies not fully covered in large-cap or small-cap funds. This gives a better understanding of mid-cap fund portfolio composition and sector-specific growth trends.
Risks of Mid-Cap Mutual Funds
- Market Volatility: Medium-sized companies in mid-cap funds often experience larger price fluctuations than large-cap firms. Mid-cap mutual fund returns can show how volatility impacts capital growth.
- Economic Sensitivity: Performance depends on broader economic cycles. Changes in GDP, industrial demand, and consumer behaviour can affect mid-cap equity funds.
- Liquidity Considerations: Medium-sized companies tend to have lower trading volumes than large-cap companies. This can affect mid-cap fund performance and liquidity during high market activity.
- Short-Term Performance Variability: While mid-cap mutual funds offer long-term growth potential, short-term returns can vary. Historical analysis of mid-cap mutual funds shows that consistent performance usually appears over longer periods.
Factors Considered in Mid-Cap Mutual Funds
- Investment Horizon: Mid-cap funds for long-term growth are generally observed over 5–10 years to capture trends in corporate expansion and market performance.
- Risk Profile: Investors analysing mid-cap funds risk vs return note that these funds are riskier than large-cap but less volatile than small-cap funds. Risk assessment is important for understanding potential outcomes.
- Portfolio Composition: The mid-cap fund portfolio shows the distribution of investments across sectors and industries. Observing fund allocations in mid-cap equity fund lists helps evaluate exposure to different market segments.
- Historical Returns: Mid-cap mutual fund returns and mid-cap fund performance comparison over multiple years provide a perspective on stability, growth potential, and sectoral exposure.
- Expense Ratio and Management: The cost of fund management can influence net returns. Analysis of high-performing mid-cap funds often includes expense ratios to understand efficiency over long-term periods.
Who Can Consider Mid-Cap Mutual Funds
- Long-Term Investors: Mid-cap mutual funds offer long-term growth potential. Investors can track their performance over 5–10 years to gauge their growth prospects.
- Growth-Oriented Investors: Investors looking for growth can study mid-cap funds to spot trends in returns and capital appreciation within medium-sized companies.
- Risk-Tolerant Investors: Mid-cap funds can offer higher returns, though with increased volatility. These funds provide insight into risk versus return, especially compared to large-cap funds.
- Portfolio Diversifiers: Investors can use mid-cap funds to diversify their portfolios, balancing exposure across different market capitalisation segments.
To Wrap Up…
Mid-cap mutual funds give exposure to medium-sized companies, positioned between large-cap and small-cap equities. Reviewing the performance and returns of these funds over time helps investors understand their growth and stability trends. These funds are an essential part of India’s mutual fund ecosystem and are often analysed in equity fund lists.
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Frequently Asked Questions (FAQs) on Best Mid Cap Mutual Funds
Funds that invest primarily in companies with medium market capitalisation, providing a balance of growth potential and moderate risk.
Performance is monitored through mid-cap fund performance comparison, mid-cap mutual fund analysis, and historical mid-cap mutual fund returns.
They exhibit mid-cap funds risk vs return, showing moderate volatility compared to large-cap funds and potential for higher long-term growth.
Analysis involves examining mid-cap mutual fund returns, mid-cap equity fund lists, mid-cap mutual fund analysis, and mid-cap fund ranking in India over time.
Funds offer mid-cap mutual fund SIP options and lump sum investments, with a focus on mid-cap fund investment strategy and mid-cap fund portfolio diversification.
