Wanted to generate higher returns from your investments and looking for best mid cap mutual funds in India?
Well, we heard you, here is the list 10 best mid cap funds, with a full comparison like their expense ratio, exit load, AUM, their 5 Year returns, and much more.
So, let’s get started!
Also, checkout the 10 Best SIP Plans For ₹1000 Per Month
Mid Cap Mutual Funds are those who invest their majority sum of money in equity based Mid Cap Stocks and Mid Cap Stocks are the one with having the market cap between ₹5,000 crore to ₹20,000 crore.
These type of mutual funds are riskier then large cap one’s because they tend to achieve higher returns by investing in the mid cap stocks that are more volatile in nature.
The whole and sole purpose of mid cap funds is to not only beat the inflation but also the Nifty Mid Cap 150 Index (Nifty Mid Cap index that tracks top 150 Mid Cap Companies of India)
| SIP Plan | Fund Size | Last 5 Years Average Annual Return |
|---|---|---|
| Quant Mid Cap Fund Growth Option Direct Plan | ₹9,367 Crore | 39.5% |
| Motilal Oswal Midcap Fund Direct Growth | ₹14,446 Crore | 36.2% |
| Quant Large and Mid Cap Fund Direct Growth | ₹3,707 Crore | 31.2% |
| Motilal Oswal Large and Midcap Fund Direct Growth | ₹5,811 Crore | 30% |
| HDFC Mid Cap Opportunities Fund Direct Growth | ₹75,382 Crore | 31.9 |
| Edelweiss Mid Cap Fund Direct Growth | ₹7,401 Crore | 34.17% |
| Mahindra Manulife Mid Cap Fund Direct Growth | ₹3,293 Crore | 33.67% |
| Kotak Emerging Equity Scheme Fund Direct Growth | ₹51,366 Crore | 31.45% |
| Bank of India Flexi Cap Fund Direct Growth | ₹1,835 Cr | 38.45% (Last 4 Years) |
| PGIM India Midcap Opportunities Fund Direct Growth | ₹11,408 Cr | 34.19% |
Quant Mid Cap Fund Direct Growth is a equity oriented hybrid fund where it has allocated over 55% of its total fund into Mid Cap Stocks while a huge chunk of 13.4% of fund is also allocated in cash equivalent instruments to balance out the risk and maintain the liquidity. At the time of writing this fund is managed by Sanjeev Sharma, Ankit A. Pande.
Top 5 Sector Allocation: As of (14 September 2024) they are Industrial, Basic Materials, Health, Energy, Consumer Defensive
Top 5 Holdings: As of (14 September 2024) Aurobindo Pharma Ltd, Reliance Industries Ltd, Container Corporation of India Ltd, IRB Infrastructure Developers Ltd, Steel Authority Of India Ltd.
Key Features of This Fund
| Expense ratio | 0.58% |
| Exit Load | 0.5% (If sold before 1 Year) |
| AUM | ₹9,367 Crore |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Current NAV | ₹274 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 20.6% From Starting |
| 1 Year Return | 51.7% |
| Risk | High Risk |
Motilal Oswal Midcap Direct Growth fund is a equity oriented hybrid fund where it has allocated over 78.3% of its fund in equities and rest 21.7% in cash equivalent instruments that makes it less riskier then those funds who invest over 90% of their fund in equities. This fund is currently managed by Niket Shah.
Top 5 Sector Allocation: As of (14 September 2024) they are Industrial, Tech, Consumer Cyclical, Financial Services, Health
Top 5 Holdings: As of (14 September 2024) Kalyan Jewellers India Ltd, Polycab India, Persistent Systems Ltd, Jio Financial Services Ltd, Coforge Ltd.
Key Features of This Fund
| Expense ratio | 0.58% |
| Exit Load | 1% (If sold before 1 Year) |
| AUM | ₹14,446 Crore |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Current NAV | ₹121 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 30% From Starting |
| 1 Year Return | 70.7% |
| Risk | High Risk |
Quant Large and Mid Cap Fund Direct Growth is a equity oriented hybrid fund where it has allocated over 78.3% of its fund in equities and rest 21.7% in cash equivalent instruments that makes it less riskier then those funds who invest over 90% of their fund in equities. This fund is currently managed by Ankit A. Pande, Sanjeev Sharma
Top 5 Sector Allocation: As of (14 September 2024) they are Consumer Defensive, Financial Services, Industrial, Health, Energy.
Top 5 Holdings: As of (14 September 2024) Reliance Industries Ltd, Aurobindo Pharma Ltd, ITC Ltd, Samvardhana Motherson International Ltd, IRB Infrastructure Developers Ltd.
Key Features of This Fund
| Expense ratio | 0.61% |
| Exit Load | 1% (If sold before 15 days) |
| AUM | ₹3,707Crore |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Current NAV | ₹140.3 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 21.8% From Starting |
| 1 Year Return | 53.8% |
| Risk | High Risk |
Motilal Oswal Large and Midcap Fund Direct Growth is a equity fund where it has allocated over 95.8% of its fund in equities and rest 4.2% in cash equivalent instruments. Being a large and mid cap mix fund where the fund has allocated around 36% in large cap stocks & 31% in Mid Cap stocks making it less volatile and hence, less riskier then those fund who invest majorly in Mid Cap Stocks.
This fund is currently managed by Aditya Khemani.
Top 5 Sector Allocation: As of (14 September 2024) they are Industrial, Consumer Cyclical, Financial Services, Real Estate, Health.
Top 5 Holdings: As of (14 September 2024) Trent Ltd, Zomato Ltd, Kalyan Jewellers India Ltd, Suzlon Energy Ltd, Prestige Estates Projects Ltd.
Key Features of This Fund
| Expense ratio | 0.53% |
| Exit Load | 1% (If sold before 1 Year) |
| AUM | ₹5,811 Crore |
| Inception Date | 17 October, 2019 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Current NAV | ₹36.3 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 30% From Starting |
| 1 Year Return | 61.7% |
| Risk | High Risk |
HDFC Mid Cap Opportunities Fund Direct Growth is a big and old Mid Cap based equity fund where they tend to focus on achieving higher returns while allocating minimum 65% of its fund value in Mid Cap stocks. It has one of the oldest mid cap fund started back in 1999 and it has seen all the ups and downs and provided a whooping 23% CAGR since inception beating inflation and Nifty Midcap 150 index returns.
This fund is currently managed by Chirag Setalvad since 25 June 2007.
Top 5 Sector Allocation: As of (14 September 2024) they are Financial Services, Consumer Cyclical, Health, Industrial, Tech.
Top 5 Holdings: As of (14 September 2024) Indian Hotels Co Ltd, Max Financial Services Ltd, The Federal Bank Ltd, Ipca Laboratories Ltd, Hindustan Petroleum Corp Ltd.
| Expense ratio | 0.72% |
| Exit Load | 1% (If sold before 1 Year) |
| AUM | ₹75,382 Crore |
| Inception Date | 1999 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Current NAV | ₹212 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 23% From Starting |
| 1 Year Return | 48.9% |
| Risk | High Risk |
Edelweiss Mid Cap Fund Direct Growth is a high risk, high reward kind of Mid Cap mutual fund that has achieved a whopping 60.4% return in past 1 years while Nifty Mid Cap index has given 45.9% return at the time of writing this article on 14 September 2024. It’s NAV got multiplied 11.5 times in past 11 years & created a big wealth corpus for it’s investors
Top 5 Sector Allocation: As of (14 September 2024) they are Financial Services, Industrial, Consumer Cyclical, Tech, Health.
Top 5 Holdings: As of (14 September 2024) Persistent Systems Ltd, Dixon Technologies (India) Ltd, Trent Ltd, PB Fintech Ltd, Solar Industries India Ltd.
| Expense ratio | 0.38% |
| Exit Load | 1% (If sold before 90 Days) |
| AUM | ₹7,401 Crore |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Current NAV | ₹115.89 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 24.2% From Starting |
| 1 Year Return | 61% |
| Risk | High Risk |
Mahindra Manulife Mid Cap Fund Direct Growth is an equity based mid cap mutual fund that solely focuses on generating high returns by investing in the companies having a market cap between ₹5000 crore to ₹20,000 crore majorly to generate high returns for its investors. Unlike large cap funds, it takes a high risk bets.
Top 5 Sector Allocation: As of (14 September 2024) they are Financial Services, Consumer Cyclical, Industrial, Basic Materials, Health.
Top 5 Holdings: As of (14 September 2024) Persistent Systems Ltd, Indus Towers Ltd Ordinary Shares, LTIMindtree Ltd, Aurobindo Pharma Ltd, State Bank of India.
| Expense ratio | 0.43% |
| Exit Load | 1% (If sold before 90 Days) |
| AUM | ₹3,293 Crore |
| Inception Date | 23 January, 2018 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Current NAV | ₹39.26 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 22.9% From Starting |
| 1 Year Return | 56.8% |
| Risk | High Risk |
Kotak Emerging Equity Scheme Fund Direct Growth is a mid cap mutual fund that focuses on investing in those companies which are just emerging or ready to emerge and have the potential to become big in future. For that they take higher risk then those of large cap funds and stocks to deliver the higher returns to its investors.
This fund is currently managed by Arjun Khanna and Pankaj Tibrewal.
Top 5 Sector Allocation: As of (14 September 2024) they are Consumer Cyclical, Basic Materials, Industrial, Tech, Financial Services.
Top 5 Holdings: As of (14 September 2024) Persistent Systems Ltd, Mphasis Ltd, Oracle Financial Services Software Ltd, Supreme Industries Ltd, Oberoi Realty Ltd.
| Expense ratio | 0.34% |
| Exit Load | 1% (If sold before 1 Year) |
| AUM | ₹51,366 Crore |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Current NAV | ₹156.12 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 22.9% From Starting |
| 1 Year Return | 50.3% |
| Risk | High Risk |
Bank of India Flexi Cap Fund Direct Growth is a young equity based flexi cap fund started back in june 2020 in order to beat the inflation and Nifty 500 index and provide high returns to its investors. This fund has generated a whopping 38.4% CAGR in past 4 years and has given a 293% return from it’s inception while in the same time period Nifty 500 index has given only 181% return.
This fund is currently managed by Alok Singh.
Top 5 Sector Allocation: As of (14 September 2024) they are Financial Services, Industrial, Basic Materials, Consumer Cyclical, Tech.
Top 5 Holdings: As of (14 September 2024) HDFC Bank Ltd, Vedanta Ltd, State Bank of India, Oil India Ltd, Hindustan Aeronautics Ltd Ordinary Shares.
| Expense ratio | 0.56% |
| Exit Load | 1% (If sold before 3 Months) |
| AUM | ₹1,835 Crore |
| Inception Date | 29 January, 2020 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Current NAV | ₹39.3 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 38.4% From Starting |
| 1 Year Return | 57.6% |
| Risk | High Risk |
PGIM India Midcap Opportunities Fund Direct Growth is a mid cap fund that invest minimum 65% of their fund value in mid cap stock while rest 35% of the fund value is allocated in equity and debt funds. While this, fund has performed bad in 1-3 years time period but in 5 years time horizon it has generated pretty good returns. This can happen due to multiple reason, one of which can be the wrong fund manager.
This fund is currently managed by Puneet Pal, Vinay Paharia, Ananda Padmanabhan.
Top 5 Sector Allocation: As of (14 September 2024) they are Consumer Cyclical, Industrial, Financial Services, Tech, Health.
Top 5 Holdings: As of (14 September 2024) Dixon Technologies (India) Ltd, UNO Minda Ltd, Persistent Systems Ltd, Max Healthcare Institute Ltd Ordinary Shares, Phoenix Mills Ltd.
| Expense ratio | 0.45% |
| Exit Load | 0.5% (If sold before 3 Months) |
| AUM | ₹11,408 Crore |
| Inception Date | 2 December, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Current NAV | ₹75.4 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 38.4% From Starting |
| 1 Year Return | 36.1% |
| Risk | High Risk |
*Mutual Fund Disclaimer – All the above mentioned mutual funds for best sip plans in india are selected based on their past performance while past performance is not a guarrantee of the future returns. Hence, do consult your financial advisor because mutual funds investment are subject to market risk.
There you have it a list of top 10 mid cap mutual funds.
Do remember, never invest based on any funds past performance, and a rule of thumb I always suggest is to diversify across the different mutual funds across different market cap, industries, even financial options like debt funds too.
This, way you can enjoy both the appreciation of your capital and security at the same time!
Also, the above list of mid cap mutual funds are equity based and highly risky, and if you wanted to invest in some low risk funds that can even provide you some fixed income.
Then you check out our list of Best fixed income mutual funds
Disclaimer: The Honest American provides stock market news and strategies for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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