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 20 Aug 2026, HSBC Midcap Fund (Direct plan, Growth option) leads mid cap mutual funds on 3-year CAGR at +26.45%, followed by Invesco India Midcap Fund at +26.16% and WhiteOak Capital Mid Cap Fund at +24.58%. Across 34 mid cap mutual funds the category averaged +19.86% over three years, at an average expense ratio of 1.05%. All figures are computed from public AMFI NAV history and recomputed daily; past returns do not predict future ones.
| 1 | HSBC Midcap Fund HSBC | ★★★★☆ | +21.4% | +26.4% | — | 1.20% | ₹13,701Cr |
| 2 | Invesco India Midcap Fund Invesco | ★★★★☆ | +10.0% | +26.2% | +21.9% | 0.77% | ₹12,160Cr |
| 3 | WhiteOak Capital Mid Cap Fund WhiteOak Capital | ★★★★★ | +16.6% | +24.6% | — | 0.98% | ₹5,514Cr |
| 4 | ICICI Prudential MidCap Fund ICICI Prudential | ★★★☆☆ | +16.7% | +24.4% | +19.5% | 1.11% | ₹7,594Cr |
| 5 | Edelweiss Mid Cap Fund Edelweiss | ★★★★★ | +9.9% | +23.9% | +20.8% | 0.72% | ₹16,310Cr |
| 6 | ITI Mid Cap Fund ITI | ★★★★☆ | +13.8% | +23.3% | +18.4% | 0.94% | ₹1,370Cr |
| 7 | Motilal Oswal Midcap Fund Motilal Oswal | ★★★☆☆ | +1.9% | +22.6% | +24.0% | 0.93% | ₹36,069Cr |
| 8 | Mahindra Manulife Mid Cap Fund Mahindra Manulife | ★★★★★ | +14.5% | +22.3% | +20.5% | 0.75% | ₹4,747Cr |
| 9 | Sundaram Mid Cap Fund Sundaram | ★★★☆☆ | +9.9% | +21.9% | +19.3% | 1.05% | ₹12,665Cr |
| 10 | JM Midcap Fund JM Financial | ★★★☆☆ | +12.7% | +21.7% | — | 0.98% | ₹1,187Cr |
| 11 | Nippon India Growth Mid Cap Fund Nippon India | ★★★☆☆ | +9.6% | +21.7% | +20.5% | 0.79% | ₹46,445Cr |
| 12 | Bandhan Midcap Fund Bandhan | ★★★☆☆ | +11.5% | +20.4% | — | 0.76% | ₹2,155Cr |
| 13 | HDFC Mid Cap Fund HDFC | ★★★★☆ | +10.0% | +20.3% | +21.4% | 0.75% | ₹96,040Cr |
| 14 | Kotak Midcap Fund Kotak Mahindra | ★★★★☆ | +8.2% | +20.0% | +18.6% | 0.51% | ₹63,738Cr |
| 15 | Union Midcap Fund Union | ★★★☆☆ | +12.2% | +19.7% | +17.8% | 1.13% | ₹1,736Cr |
| 16 | Baroda BNP Paribas Mid Cap Fund Baroda BNP Paribas | ★★★★☆ | +13.0% | +19.6% | — | 0.77% | ₹2,408Cr |
| 17 | Canara Robeco Mid Cap Fund Canara Robeco | ★★★☆☆ | +7.8% | +19.6% | — | 0.91% | ₹4,529Cr |
| 18 | LIC MF Mid Cap Fund LIC | ★★☆☆☆ | +9.8% | +19.2% | — | 1.78% | ₹350.29Cr |
| 19 | Franklin India Mid Cap Fund Franklin Templeton | ★★☆☆☆ | +5.1% | +18.9% | +16.2% | 1.12% | ₹12,134Cr |
| 20 | Aditya Birla Sun Life Midcap Fund Aditya Birla Sun Life | ★☆☆☆☆ | +10.9% | +18.8% | +16.4% | 1.24% | ₹6,316Cr |
NAV data as of 20 Aug 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 +26.45%. Rankings move with NAVs — past returns don't guarantee future performance.
What returns have mid cap mutual funds given?
The category has averaged +10.07% over 1 year, +19.86% annualized over 3 years, +17.88% 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%.