# Mid Cap funds

At least 65% in mid-sized companies, the 101st to 250th largest by market value.

Full page: https://discovermf.com/categories/mid-cap
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

34 funds managing ₹5.09 lakh cr. Category averages: -0.8% over one year, +14.2% a year over three years; typical expense ratio 2.02%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Invesco India Mid Cap Fund](https://discovermf.com/funds/invesco-india-mid-cap-fund-105503.md) | +1.0% | +20.6% | +16.1% | 17.6% | 1.86% | ₹16,027 cr |
| [HSBC Midcap Fund](https://discovermf.com/funds/hsbc-midcap-fund-151034.md) | +9.9% | +19.8% | — | 17.5% | 2.15% | ₹16,903 cr |
| [ICICI Prudential Mid Cap Fund](https://discovermf.com/funds/icici-prudential-mid-cap-fund-102528.md) | +2.5% | +18.7% | +14.0% | 18.5% | 1.84% | ₹7,802 cr |
| [WhiteOak Capital Mid Cap Fund](https://discovermf.com/funds/whiteoak-capital-mid-cap-fund-150583.md) | +3.6% | +18.5% | — | 15.3% | 2.25% | ₹7,781 cr |
| [Edelweiss Mid Cap Fund](https://discovermf.com/funds/edelweiss-mid-cap-fund-140225.md) | -1.6% | +17.5% | +14.7% | 15.7% | 1.88% | ₹18,945 cr |
| [Motilal Oswal Midcap Fund](https://discovermf.com/funds/motilal-oswal-midcap-fund-127039.md) | -5.1% | +16.2% | +17.2% | 18.9% | 1.61% | ₹40,188 cr |
| [Bandhan Mid Cap Fund](https://discovermf.com/funds/bandhan-mid-cap-fund-150402.md) | +2.9% | +15.8% | — | 16.4% | 2.12% | ₹2,541 cr |
| [ITI Mid Cap Fund](https://discovermf.com/funds/iti-mid-cap-fund-148732.md) | -1.5% | +15.7% | +12.1% | 16.8% | 2.39% | ₹1,406 cr |
| [JM Mid Cap Fund](https://discovermf.com/funds/jm-mid-cap-fund-150812.md) | +1.2% | +15.7% | — | 18.4% | 1.09% | ₹1,241 cr |
| [Nippon India Growth Mid Cap Fund](https://discovermf.com/funds/nippon-india-growth-mid-cap-fund-100377.md) | -0.4% | +15.6% | +15.1% | 16.2% | 1.56% | ₹49,505 cr |
| [Sundaram Mid Cap Fund](https://discovermf.com/funds/sundaram-mid-cap-fund-101539.md) | -3.7% | +15.5% | +14.2% | 16.0% | 1.87% | ₹13,622 cr |
| [Axis Midcap Fund](https://discovermf.com/funds/axis-midcap-fund-114564.md) | +2.3% | +15.3% | +10.8% | 14.8% | 1.77% | ₹33,310 cr |
| [HDFC Mid Cap Fund](https://discovermf.com/funds/hdfc-mid-cap-fund-105758.md) | -2.0% | +14.9% | +16.5% | 14.4% | 1.31% | ₹1.02 lakh cr |
| [Union Midcap Fund](https://discovermf.com/funds/union-midcap-fund-148071.md) | +1.5% | +14.5% | +12.2% | 16.8% | 2.36% | ₹1,898 cr |
| [Canara Robeco Mid Cap Fund](https://discovermf.com/funds/canara-robeco-mid-cap-fund-150816.md) | -1.2% | +14.3% | — | 16.6% | 2.14% | ₹4,903 cr |
| [Kotak Mid Cap Fund](https://discovermf.com/funds/kotak-mid-cap-fund-104908.md) | -3.1% | +14.2% | +13.4% | 16.3% | 1.51% | ₹64,627 cr |
| [Mahindra Manulife Mid Cap Fund](https://discovermf.com/funds/mahindra-manulife-mid-cap-fund-142109.md) | -1.7% | +13.8% | +13.4% | 17.0% | 2.06% | ₹4,968 cr |
| [Baroda BNP Paribas Mid Cap Fund](https://discovermf.com/funds/baroda-bnp-paribas-mid-cap-fund-150209.md) | +0.3% | +13.6% | — | 15.4% | 2.20% | ₹2,475 cr |
| [Mirae Asset Midcap Fund](https://discovermf.com/funds/mirae-asset-midcap-fund-147479.md) | -1.9% | +13.5% | +11.9% | 16.2% | 2.02% | ₹19,127 cr |
| [LIC MF Mid Cap Fund](https://discovermf.com/funds/lic-mf-mid-cap-fund-152001.md) | -2.9% | +12.9% | — | 17.0% | 3.07% | ₹358 cr |
| [Franklin India Mid Cap Fund](https://discovermf.com/funds/franklin-india-mid-cap-fund-100473.md) | -7.3% | +12.7% | +10.7% | 15.7% | 1.92% | ₹11,787 cr |
| [Aditya Birla Sun Life Midcap Fund](https://discovermf.com/funds/aditya-birla-sun-life-midcap-fund-101592.md) | -1.3% | +12.6% | +10.8% | 16.3% | 2.02% | ₹6,357 cr |
| [Tata Mid Cap Fund](https://discovermf.com/funds/tata-mid-cap-fund-102328.md) | -1.6% | +12.2% | +12.0% | 15.4% | 2.02% | ₹5,786 cr |
| [DSP Midcap Fund](https://discovermf.com/funds/dsp-midcap-fund-104481.md) | -3.0% | +12.0% | +9.2% | 15.8% | 1.74% | ₹19,141 cr |
| [PGIM India Midcap Fund](https://discovermf.com/funds/pgim-india-midcap-fund-125305.md) | -3.4% | +9.9% | +7.7% | 15.9% | 1.97% | ₹10,363 cr |
| [UTI Mid Cap Fund](https://discovermf.com/funds/uti-mid-cap-fund-102394.md) | -3.9% | +9.8% | +9.2% | 15.7% | 1.97% | ₹11,695 cr |
| [Taurus Mid Cap Fund](https://discovermf.com/funds/taurus-mid-cap-fund-100477.md) | -0.6% | +9.1% | +10.3% | 17.3% | 2.79% | ₹136 cr |
| [Quant Mid Cap Fund](https://discovermf.com/funds/quant-mid-cap-fund-101065.md) | -1.6% | +9.0% | +12.6% | 14.5% | 2.06% | ₹7,475 cr |
| [SBI Midcap Fund](https://discovermf.com/funds/sbi-midcap-fund-102941.md) | -3.4% | +8.6% | +10.2% | 14.5% | 1.80% | ₹22,643 cr |
| [Bank of India Mid Cap Fund](https://discovermf.com/funds/bank-of-india-mid-cap-fund-153726.md) | -1.3% | — | — | 15.7% | 2.56% | ₹714 cr |
| [Helios Mid Cap Fund](https://discovermf.com/funds/helios-mid-cap-fund-153327.md) | +2.2% | — | — | 17.7% | 2.33% | ₹2,461 cr |
| [Samco Mid Cap Fund](https://discovermf.com/funds/samco-mid-cap-fund-154115.md) | — | — | — | 17.9% | 3.22% | ₹75 cr |
| [TrustMF Mid Cap Fund](https://discovermf.com/funds/trustmf-mid-cap-fund-154211.md) | — | — | — | 14.6% | 3.51% | ₹735 cr |
| [The Wealth Company Mid Cap Fund](https://discovermf.com/funds/the-wealth-company-mid-cap-fund-154479.md) | — | — | — | 13.4% | 3.96% | ₹177 cr |

## Questions

### How many Mid Cap funds are there?

34 funds, managing ₹5.09 lakh cr between them as of 3 Nov 2026. The largest is HDFC Mid Cap Fund, at ₹1.02 lakh cr.

### What return have Mid Cap funds given?

The average Mid Cap fund returned -0.8% over the last year, +14.2% a year over three years, +12.5% a year over five years. Over the last year the funds ranged from -7.3% to +9.9%. Past returns do not tell you future returns.

### Which Mid Cap fund has the lowest expense ratio?

JM Mid Cap Fund, at 1.09% a year, against 2.02% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Mid Cap fund has the highest three-year return?

Invesco India Mid Cap Fund, at +20.6% a year over the last three years, against +14.2% for the average fund. Past returns do not tell you future returns.

### How risky are Mid Cap funds?

Their volatility over the last year averaged 16.2%: the higher it is, the more the price swings from day to day. All of them carry the riskometer level Very High, on SEBI's six-step scale from Low to Very High.