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Best Mid Cap mutual funds

34 funds in this category, ranked by 3-year rolling CAGR.

#Fund3Y CAGRAMCAUM
#1WhiteOak Capital Mid Cap Fund26.7%WhiteOak Capital Asset Management Limited₹7,613.91 Cr
#2Edelweiss Mid Cap Fund26.1%Edelweiss Asset Management Limited₹18,551.635 Cr
#3HSBC Midcap Fund25.8%HSBC Asset Management (India) Private Ltd.₹16,372.657 Cr
#4Mahindra Manulife Mid Cap Fund25.7%Mahindra Manulife Investment Management Pvt Ltd₹4,876.2 Cr
#5ITI Mid Cap Fund25.2%ITI Asset Management Limited₹1,380.83 Cr
#6JM Mid Cap Fund (Direct)24.4%JM Financial Asset Management Limited₹1,240.614 Cr
#7Mirae Asset Midcap Fund23.8%Mirae Asset Investment Managers (India) Pvt. Ltd₹18,776.371 Cr
#8Invesco India Mid Cap Fund23.3%Invesco Asset Management (India) Private Limited₹15,404.35 Cr
#9HDFC Mid Cap Fund23.1%HDFC Asset Management Company Limited₹1,00,794.31 Cr
#10Union Midcap Fund22.9%Union Asset Management Company Private Limited₹1,847.738 Cr
#11Kotak Mid Cap Fund22.7%Kotak Mahindra Asset Management Company Limited.₹65,715.52 Cr
#12Motilal Oswal Midcap Fund-22.0%Motilal Oswal Asset Management Company Limited₹39,121.3 Cr
#13Nippon India Growth Mid Cap Fund21.9%Nippon Life India Asset Management Limited₹48,603.176 Cr
#14Bandhan Mid Cap Fund21.8%Bandhan AMC Limited₹2,450.167 Cr
#15BARODA BNP PARIBAS Mid Cap Fund21.5%Baroda BNP Paribas Asset Management India Private Limited₹2,423.57 Cr
#16Tata Mid Cap Fund21.4%Tata Asset Management Limited₹5,667.22 Cr
#17ICICI Prudential Mid Cap Fund21.0%ICICI Prudential Asset Management Company Limited₹7,561.501 Cr
#18Canara Robeco Mid Cap Fund-20.9%Canara Robeco Asset Management Company Limited₹4,796.656 Cr
#19Sundaram Mid Cap Fund20.7%Sundaram Asset Management Company Ltd₹13,369.1 Cr
#20Axis Midcap Fund19.6%Axis Asset Management Co. Ltd.₹32,758.254 Cr
#21SBI Midcap Fund19.6%SBI Funds Management Limited₹22,428.67 Cr
#22Franklin India Mid Cap Fund19.6%Franklin Templeton Asset Management (India) Private Limited₹11,730.57 Cr
#23Aditya Birla Sun Life Midcap Fund19.6%Aditya Birla Sun Life AMC Limited₹6,276.529 Cr
#24DSP Midcap Fund18.5%DSP Asset Managers Private Limited₹18,762.332 Cr
#25UTI Mid Cap Fund-18.4%UTI Asset Mgmt. Co. Ltd.₹11,558.919 Cr
#26Taurus Mid Cap Fund17.7%Taurus Asset Management Company Limited₹134.344 Cr
#27LIC MF Mid Cap Fund-16.3%LIC Mutual Fund Asset Management Limited₹351.725 Cr
#28PGIM India Midcap Fund15.3%PGIM India Asset Management Private Limite₹10,196.482 Cr
#29quant Mid Cap Fund14.3%quant Money Managers Limited₹7,423.742 Cr

Not yet ranked

5 funds too recently launched for a full 3-year CAGR - listed for reference, not ranked.

Punji tracks 34 Mid Cap Fund funds from 0 AMCs, together managing roughly ₹5,02,192.482 Cr in assets. Across the 29 funds with a full 3-year track record, the average 3-year rolling CAGR is 21.4%. WhiteOak Capital Mid Cap Fund leads the category at 26.7% 3Y CAGR.

Figures here are computed directly from each fund's own NAV history and AUM - not survivor-biased averages from a fact sheet - so a fund that merged, closed, or changed category drops out of the comparison rather than skewing it. Click any fund in the table for its full return history, expense ratio, holdings, and risk profile, or jump to a specific AMC's Mid Cap Fund funds below.

Mid Cap Fund is one of the standardized scheme categories SEBI mandated in its 2017 product categorization circular, so every AMC's Mid Cap Fund fund follows the same investment-mandate rules - the same broad universe of permitted holdings, the same category-level restrictions - which is what makes a ranking across 0 different AMCs a genuine like-for-like comparison rather than an apples-to-oranges one. A fund's position here moves as new NAV data comes in or as AMCs launch or close schemes in the category, so treat it as a point-in-time snapshot, not a fixed league table.

Category alone doesn't tell you a fund's risk level or whether it's the right fit for your own time horizon - two Mid Cap Fund funds can take meaningfully different approaches within the same mandate (concentration, turnover, credit quality for debt categories) and end up with very different risk profiles despite sharing a label. Use the Riskometer rating and risk metrics (Sharpe Ratio, Max Drawdown, Standard Deviation) shown on each fund's own page alongside this category-level ranking, not instead of it.