Best Mid Cap Mutual Funds
Mid cap funds invest in the 101st–250th largest companies. They can grow faster than large caps but fall harder in downturns — a higher-risk, higher-reward slice of the market.
Top mid cap mutual funds by 3Y returns
20Direct plan, Growth option — ranked by 3-year CAGR. Open a fund for NAV history, rolling returns, risk metrics and peer rank.
As of 06 Oct 2026, HSBC Midcap Fund (Direct plan, Growth option) leads mid cap mutual funds on 3-year CAGR at +22.84%, followed by Invesco India Mid Cap Fund at +22.42% and WhiteOak Capital Mid Cap Fund at +20.80%. Across 34 mid cap mutual funds the category averaged +15.94% over three years, at an average expense ratio of 1.09%. All figures are computed from public AMFI NAV history and recomputed daily; past returns do not predict future ones.
| 1 | HSBC Midcap Fund HSBC | ★★★★☆ | +16.0% | +22.8% | — | 1.10% | ₹16,299Cr |
| 2 | Invesco India Mid Cap Fund Invesco | ★★★★★ | +6.6% | +22.4% | +18.6% | 0.76% | ₹15,234Cr |
| 3 | WhiteOak Capital Mid Cap Fund WhiteOak Capital | ★★★★★ | +11.1% | +20.8% | — | 0.93% | ₹7,096Cr |
| 4 | ICICI Prudential Mid Cap Fund ICICI Prudential | ★★★☆☆ | +10.6% | +20.1% | +16.1% | 1.10% | ₹8,094Cr |
| 5 | Edelweiss Mid Cap Fund Edelweiss | ★★★★★ | +4.4% | +19.8% | +17.3% | 0.68% | ₹19,084Cr |
| 6 | ITI Mid Cap Fund ITI | ★★★★☆ | +7.0% | +18.8% | +15.5% | 0.91% | ₹1,494Cr |
| 7 | Motilal Oswal Midcap Fund Motilal Oswal | ★★★☆☆ | -1.5% | +18.2% | +20.0% | 0.91% | ₹40,809Cr |
| 8 | JM Mid Cap Fund JM Financial | ★★★☆☆ | +7.6% | +18.1% | — | 0.94% | ₹1,319Cr |
| 9 | Bandhan Mid Cap Fund Bandhan | ★★★☆☆ | +8.0% | +17.5% | — | 0.76% | ₹2,479Cr |
| 10 | Nippon India Growth Mid Cap Fund Nippon India | ★★★☆☆ | +5.2% | +17.4% | +16.9% | 0.80% | ₹51,142Cr |
| 11 | Sundaram Mid Cap Fund Sundaram | ★★★☆☆ | +2.2% | +16.8% | +15.9% | 1.06% | ₹14,485Cr |
| 12 | Canara Robeco Mid Cap Fund Canara Robeco | ★★★☆☆ | +4.5% | +16.6% | — | 0.87% | ₹5,058Cr |
| 13 | Union Midcap Fund Union | ★★★☆☆ | +6.2% | +16.1% | +14.3% | 1.09% | ₹1,933Cr |
| 14 | Mahindra Manulife Mid Cap Fund Mahindra Manulife | ★★★★☆ | +5.4% | +16.1% | +16.0% | 0.75% | ₹5,252Cr |
| 15 | Kotak Mid Cap Fund Kotak Mahindra | ★★★★☆ | +0.3% | +16.0% | +15.4% | 0.54% | ₹69,235Cr |
| 16 | Axis Midcap Fund Axis | ★★★☆☆ | +4.8% | +15.9% | +12.5% | 0.83% | ₹34,576Cr |
| 17 | HDFC Mid Cap Fund HDFC | ★★★★☆ | +3.1% | +15.8% | +17.7% | 0.76% | ₹1,05,346Cr |
| 18 | Baroda BNP Paribas Mid Cap Fund Baroda BNP Paribas | ★★★★☆ | +5.9% | +15.6% | — | 0.78% | ₹2,597Cr |
| 19 | LIC MF Mid Cap Fund LIC | ★☆☆☆☆ | +4.3% | +15.4% | — | 1.99% | ₹380.98Cr |
| 20 | Mirae Asset Midcap Fund Mirae Asset | ★★★☆☆ | +4.8% | +14.5% | +14.4% | 0.95% | ₹20,305Cr |
NAV data as of 06 Oct 2026. Returns are CAGR for periods ≥1 year, computed from AMFI NAV history. Ratings are WealthTicker’s own, ranked within sub-category peers — not a SEBI or agency rating. See our methodology for every formula. This is data, not investment advice.
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Frequently asked questions
What are mid cap mutual funds?
Mid cap funds invest in the 101st–250th largest companies. They can grow faster than large caps but fall harder in downturns — a higher-risk, higher-reward slice of the market.
Which is the best mid cap fund right now?
HSBC Midcap Fund by HSBC currently ranks first among mid cap mutual funds by 3-year CAGR at +22.84%. Rankings move with NAVs — past returns don't guarantee future performance.
What returns have mid cap mutual funds given?
The category has averaged +4.88% over 1 year, +15.94% annualized over 3 years, +14.63% annualized over 5 years — peer averages over the live funds in the category, computed from AMFI NAV history.
How are mid cap mutual funds taxed?
Equity taxation: gains within 1 year are short-term and taxed at 20%; beyond 1 year, long-term gains above ₹1.25 lakh a year are taxed at 12.5%.