Top Mid Cap Mutual Funds

The table below shows a list of the Top Mid Cap Mutual Funds Based on AUM, NAV, and minimum SIP.

Name	AUM (Cr)	NAV (Rs)	Minimum SIP (Rs)
HDFC Mid-Cap Opportunities Fund	75382.30	205.35	100
Kotak Emerging Equity Fund	50601.84	151.27	100
Nippon India Growth Fund	30838.94	4430.01	100
Axis Midcap Fund	30143.58	129.03	100
SBI Magnum Midcap Fund	21127.45	266.55	1500
DSP Midcap Fund	19137.27	165.03	100
Mirae Asset Midcap Fund	17454.59	39.08	500
Motilal Oswal Midcap Fund	12627.68	114.57	1500
Franklin India Prima Fund	12529.29	3048.09	500
Sundaram Mid Cap Fund	12465.38	1475.16	1000

Introduction To Best Mid Cap Mutual Funds

HDFC Mid-Cap Opportunities Fund

HDFC Mid-Cap Opportunities Fund is a Mid Cap mutual fund scheme from HDFC Mutual Fund. This fund has been in existence for 11 years and 8 months, having been launched on January 1, 2013.

HDFC Mid-Cap Opportunities Fund is categorized under Mid Cap with an AUM of ₹75,382.30 Crores, a 5-year CAGR of 31.86%, an exit load of 1%, and an expense ratio of 0.72%. SEBI rates the risk as Very High. The asset allocation includes 7.88% in Cash & Equivalents and 92.12% in Equity.

Kotak Emerging Equity Fund

Kotak Emerging Equity Fund is a Mid Cap mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been in existence for 11 years and 8 months, having been launched on January 1, 2013.

Kotak Emerging Equity Fund is categorized under Mid Cap with an AUM of ₹50,601.84 Crores, a 5-year CAGR of 31.80%, an exit load of 1%, and an expense ratio of 0.34%. SEBI rates the risk as Very High. The asset allocation includes 0.20% in Mutual Funds, 4.28% in Cash & Equivalents, and 95.52% in Equity.

Nippon India Growth Fund

Nippon India Growth Fund is a Mid Cap mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 11 years and 8 months, having been launched on January 1, 2013.

Nippon India Growth Fund is categorized under Mid Cap with an AUM of ₹30,838.94 Crores, a 5-year CAGR of 32.91%, an exit load of 1%, and an expense ratio of 0.79%. SEBI rates the risk as Very High. The asset allocation includes 2.70% in Cash & Equivalents and 97.30% in Equity.

Axis Midcap Fund

Axis Midcap Fund is a Mid Cap Index mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 2 years and 6 months, having been launched on March 10, 2022.

Axis Midcap Fund is categorized under Mid Cap with an AUM of ₹30,143.58 Crores, a 5-year CAGR of 28.03%, an exit load of 1%, and an expense ratio of 0.53%. SEBI rates the risk as Very High. The asset allocation includes 1.81% in Cash & Equivalents and 98.19% in Equity.

SBI Magnum Midcap Fund

SBI Magnum Midcap Fund is a Mid Cap mutual fund scheme from SBI Mutual Fund. This fund has been in existence for 11 years and 8 months, having been launched on January 1, 2013.

SBI Magnum Midcap Fund is categorized under Mid Cap with an AUM of ₹21,127.45 Crores, a 5-year CAGR of 31.32%, an exit load of 1%, and an expense ratio of 0.78%. SEBI rates the risk as Very High. The asset allocation includes 0.46% in Treasury Bills, 6.31% in Cash & Equivalents, and 93.23% in Equity.

DSP Midcap Fund

DSP Midcap Fund is a Mid Cap mutual fund scheme from DSP Mutual Fund. This fund has been in existence for 11 years and 8 months, having been launched on January 1, 2013.

DSP Midcap Fund is categorized under Mid Cap with an AUM of ₹19,137.27 Crores, a 5-year CAGR of 25.55%, an exit load of 1%, and an expense ratio of 0.70%. SEBI rates the risk as Very High. The asset allocation includes 2.50% in Cash & Equivalents and 97.50% in Equity.

Mirae Asset Midcap Fund

Mirae Asset Midcap Fund is a Mid Cap mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 5 years and 2 months, having been launched on July 8, 2019.

Mirae Asset Midcap Fund is categorized under Mid Cap with an AUM of ₹17,454.59 Crores, a 5-year CAGR of 31.84%, an exit load of 1%, and an expense ratio of 0.57%. SEBI rates the risk as Very High. The asset allocation includes 1.40% in Cash & Equivalents and 98.60% in Equity.

Motilal Oswal Midcap Fund

Motilal Oswal Midcap Fund is a Mid Cap mutual fund scheme from Motilal Oswal Mutual Fund. This fund has been in existence for 10 years and 7 months, having been launched on February 3, 2014.

Motilal Oswal Midcap Fund is categorized under Mid Cap with an AUM of ₹12,627.68 Crores, a 5-year CAGR of 35.92%, an exit load of 1%, and an expense ratio of 0.58%. SEBI rates the risk as Very High. The asset allocation includes 21.72% in Cash & Equivalents and 78.28% in Equity.

Franklin India Prima Fund

Franklin India Prima Fund is a Mid Cap mutual fund scheme from Franklin Templeton Mutual Fund. This fund has been in existence for 11 years and 8 months, having been launched on January 1, 2013.

Franklin India Prima Fund is categorized under Mid Cap with an AUM of ₹12,529.29 Crores, a 5-year CAGR of 26.77%, an exit load of 1%, and an expense ratio of 0.94%. SEBI rates the risk as Very High. The asset allocation includes 2.45% in Cash & Equivalents and 97.55% in Equity.

Sundaram Mid Cap Fund

Sundaram Mid Cap Fund is a Mid Cap mutual fund scheme from Sundaram Mutual Fund. This fund has been in existence for 11 years and 8 months, having been launched on January 1, 2013.

Sundaram Mid Cap Fund is categorized under Mid Cap with an AUM of ₹12,465.38 Crores, a 5-year CAGR of 27.98%, an exit load of 1%, and an expense ratio of 0.91%. SEBI rates the risk as Very High. The asset allocation includes 0.41% in Mutual Funds, 4.46% in Cash & Equivalents, and 95.13% in Equity.

Mid Cap Mutual Funds Meaning

Mid Cap Mutual Funds are equity mutual funds that primarily invest in mid-sized companies, typically ranked between 101-250 in terms of market capitalization. These funds aim to capitalize on the growth potential of mid-sized companies that have established business models but still have significant room for expansion.

Mid Cap funds offer a balance between the stability of large-cap stocks and the high growth potential of small-cap stocks. They invest in companies that have survived the initial stages of growth and have proven business models.

These funds can potentially offer higher returns compared to large-cap funds but also carry higher risk. They are suitable for investors with a moderate to high-risk appetite and a long-term investment horizon.

Features Of The Top Mid Cap Mutual Fund

The main features of top Mid Cap Mutual Funds include exposure to mid-sized companies, potential for high growth, moderate risk profile, professional management, and diversification within the mid-cap segment. These funds offer opportunities to invest in companies with established businesses and significant growth potential.

• Mid-cap focus: These funds primarily invest in mid-sized companies, typically ranked between 101-250 in terms of market capitalization, offering exposure to businesses with proven models and growth potential.

• Growth potential: Mid-cap companies often have higher growth potential compared to large-caps, as they have more room for expansion and can be more agile in adapting to market changes.

• Professional management: Mid-cap funds are managed by experienced fund managers who conduct thorough research to identify promising mid-sized companies with strong growth prospects.

• Diversification: These funds typically hold a diversified portfolio of mid-cap stocks across various sectors, helping to spread risk while maintaining the mid-cap focus.

Best Mid Cap Mutual Funds

The table below shows the Best Mid Cap Mutual Funds Based on the lowest to highest expense ratio.

Name	Expense Ratio (%)	Minimum SIP (Rs)
Kotak Emerging Equity Fund	0.34	100
Axis Midcap Fund	0.53	100
Mirae Asset Midcap Fund	0.57	500
Motilal Oswal Midcap Fund	0.58	1500
DSP Midcap Fund	0.7	100
HDFC Mid-Cap Opportunities Fund	0.72	100
SBI Magnum Midcap Fund	0.78	1500
Nippon India Growth Fund	0.79	100
Sundaram Mid Cap Fund	0.91	1000
Franklin India Prima Fund	0.94	500

Mid Cap Mutual Funds in India

The table below shows Mid Cap Mutual Funds in India Based on the Highest 3Y CAGR.

Name	CAGR 3Y (Cr)	Minimum SIP (Rs)
Motilal Oswal Midcap Fund	40.54	1500
HDFC Mid-Cap Opportunities Fund	32.06	100
Nippon India Growth Fund	30.74	100
Sundaram Mid Cap Fund	28.63	1000
Kotak Emerging Equity Fund	27.42	100
SBI Magnum Midcap Fund	26.59	1500
Mirae Asset Midcap Fund	25.51	500
Franklin India Prima Fund	25.49	500
Axis Midcap Fund	21.77	100
DSP Midcap Fund	21.24	100

Top Mid Cap Mutual Fund List

The table below shows the Top MidCap Mutual Fund List Based on exit load, i.e., the fee that the AMC charges investors when they exit or redeem their fund units.

Name	AMC	Exit Load (%)
Motilal Oswal Midcap Fund	Motilal Oswal Asset Management Company Limited	1
HDFC Mid-Cap Opportunities Fund	HDFC Asset Management Company Limited	1
Nippon India Growth Fund	Nippon Life India Asset Management Limited	1
Sundaram Mid Cap Fund	Sundaram Asset Management Company Limited	1
Kotak Emerging Equity Fund	Kotak Mahindra Asset Management Company Limited	1
SBI Magnum Midcap Fund	SBI Funds Management Limited	1
Mirae Asset Midcap Fund	Mirae Asset Investment Managers (India) Private Limited	1
Franklin India Prima Fund	Franklin Templeton Asset Management (India) Private Limited	1
Axis Midcap Fund	Axis Asset Management Company Ltd.	1
DSP Midcap Fund	DSP Investment Managers Private Limited	1

Mid Cap Mutual Funds Returns

The table below shows Mid Cap Mutual Funds Returns Based on 1Y return

Name	Absolute Returns – 1Y (%)	Minimum SIP (Rs)
Motilal Oswal Midcap Fund	70.43	1500
Sundaram Mid Cap Fund	55.74	1000
Nippon India Growth Fund	55.01	100
Franklin India Prima Fund	53.63	500
Kotak Emerging Equity Fund	49.39	100
HDFC Mid-Cap Opportunities Fund	47.68	100
Axis Midcap Fund	46.71	100
DSP Midcap Fund	46.47	100
Mirae Asset Midcap Fund	44.06	500
SBI Magnum Midcap Fund	39.82	1500

Historical Performance Of Best Mid Cap Mutual Funds

The table below shows the Historical Performance of the Best MidCap Mutual Funds Based on 5Y return

Name	CAGR 5Y (Cr)	Minimum SIP (Rs)
Motilal Oswal Midcap Fund	35.92	1500
Nippon India Growth Fund	32.91	100
HDFC Mid-Cap Opportunities Fund	31.86	100
Mirae Asset Midcap Fund	31.84	500
Kotak Emerging Equity Fund	31.80	100
SBI Magnum Midcap Fund	31.32	1500
Axis Midcap Fund	28.03	100
Sundaram Mid Cap Fund	27.98	1000
Franklin India Prima Fund	26.77	500
DSP Midcap Fund	25.55	100

Factors To Consider When Investing In Top Mid Cap Mutual Fund

The main factors to consider when investing in top Mid Cap Mutual Funds include the fund’s historical performance, expense ratio, and the fund manager’s expertise. Additionally, assess the portfolio composition, your risk tolerance, and how the fund’s investment strategy aligns with your financial goals.

• Historical performance: Analyze the fund’s past returns over various time periods (1-year, 3-year, and 5-year) and compare them with its benchmark index and category average. Look for consistent performance rather than just short-term gains.

• Expense ratio: Compare expense ratios across different mid-cap funds. A lower expense ratio can contribute to better overall returns, but also consider the fund’s performance and strategy.

• Fund manager expertise: Evaluate the fund manager’s experience and track record in managing mid-cap funds. Their ability to identify promising mid-sized companies is crucial for fund performance.

• Portfolio composition: Examine the fund’s sector allocation and top holdings. Ensure the fund maintains a true mid-cap focus and is sufficiently diversified across sectors.

• Risk measures: Assess risk metrics such as standard deviation and Sharpe ratio. These indicators can help you understand the fund’s volatility and risk-adjusted returns.

How To Invest In Mid Cap Mutual Funds?

To invest in Mid Cap Mutual Funds, start by researching and comparing different funds based on their performance, expense ratios, and investment strategies. Once you’ve selected a fund that aligns with your financial goals and risk tolerance, you can invest through Alice Blue.

Alice Blue is a user-friendly online investment platform that provides tools and resources to help you make informed investment decisions. You can choose to invest a lump sum amount or opt for a Systematic Investment Plan (SIP), which allows you to invest a fixed amount regularly.

For most investors, a SIP is recommended as it helps in rupee cost averaging and reduces the impact of market volatility on your investment over time. Remember to review and rebalance your investment periodically to ensure it remains aligned with your financial goals.

Impact Of Market Trends On Mid Cap Mutual Funds

Market trends significantly influence Mid Cap Mutual Funds due to their focus on mid-sized companies. These funds tend to be more sensitive to economic cycles and market sentiment compared to large-cap funds. During periods of economic growth and positive market sentiment, mid-cap stocks often outperform.

Conversely, in times of economic uncertainty or market downturns, mid-cap stocks may face higher volatility. The performance of Mid Cap Mutual Funds can also be influenced by sector-specific trends, as mid-sized companies often operate in niche or growing sectors.

How Mid Cap Mutual Funds Perform In Volatile Markets?

Mid Cap Mutual Funds can experience higher volatility in turbulent markets compared to large-cap funds. This is because mid-sized companies are often more sensitive to economic changes and market sentiment. During market downturns, these funds may face steeper declines due to lower liquidity and higher perceived risk.

However, they also have the potential for quicker recovery when markets rebound. The fund manager’s skill in selecting resilient mid-cap stocks and maintaining a well-diversified portfolio can help mitigate some of the volatility. Regular investments through SIPs can help average out the impact of market fluctuations.

Advantages Of Investing In the Best Mid Cap Mutual Funds

The main advantages of investing in the best Mid Cap Mutual Funds include the potential for high growth, exposure to emerging companies, professional management, and diversification benefits. These funds offer opportunities to invest in companies with established businesses and significant growth potential.

• High growth potential: Mid-cap companies often have higher growth potential compared to large-caps, as they have more room for expansion and can be more agile in adapting to market changes.

• Emerging leaders: Mid-cap funds provide exposure to companies that could become tomorrow’s large caps. Investing in these potential future leaders early can lead to substantial long-term gains.

• Professional management: These funds are managed by experienced professionals who conduct thorough research to identify promising mid-sized companies with strong growth prospects.

• Diversification: Mid-cap funds typically hold a diversified portfolio of stocks across various sectors, helping to spread risk while maintaining the mid-cap focus.

Risks Of Investing In Mid Cap Mutual Funds in India

The main risks of investing in Mid Cap Mutual Funds in India include higher volatility, liquidity risk, company-specific risks, and sector concentration risk. These factors can impact the fund’s performance and lead to significant fluctuations in returns.

• Higher volatility: Mid-cap stocks tend to be more volatile than large-cap, leading to the potential for higher short-term fluctuations in fund value. This can result in significant gains or losses over short periods.

• Liquidity risk: Mid-cap stocks may have lower trading volumes compared to large-caps, potentially making it difficult for fund managers to buy or sell large quantities without impacting stock prices.

• Company-specific risks: Mid-sized companies may be more vulnerable to business challenges, management issues, or competitive pressures compared to well-established large-cap companies.

• Sector concentration risk: Some mid-cap funds may have higher exposure to certain sectors, which can lead to concentrated risk if those sectors underperform.

Contribution Of Mid Cap Mutual Funds To Portfolio Diversification

Mid Cap Mutual Funds contribute significantly to portfolio diversification by providing exposure to a segment of the market that offers a balance between growth potential and stability. These funds invest in companies that have survived initial growth stages but still have substantial room for expansion.

By including Mid Cap funds alongside large-cap and small-cap investments, investors can create a well-rounded equity portfolio. This diversification can help balance the stability of large-caps with the high growth potential of small caps, potentially optimizing the risk-return profile of the overall investment portfolio.

Who Should Invest In Mid Cap Mutual Funds?

Mid Cap Mutual Funds are suitable for investors with a moderate to high risk tolerance and a long-term investment horizon, typically 5-7 years or more. They are ideal for those seeking higher growth potential than large-cap funds and are willing to accept higher volatility.

These funds can be appropriate for investors in their wealth accumulation phase, looking to benefit from the growth potential of emerging companies. However, investors should have the capacity to withstand short-term market fluctuations and should ideally have a diversified portfolio that includes other asset classes.

Mid Cap Mutual Funds Taxation

Mid Cap Mutual Funds are taxed as equity mutual funds in India. For holding periods up to 1 year, gains are considered short-term capital gains and taxed at 15%. For holding periods over 1 year, long-term capital gains up to ₹1 lakh per financial year are tax-free.

Long-term capital gains exceeding ₹1 lakh are taxed at 10% without indexation benefits. It’s important to note that these tax rates are subject to change based on government policies. The tax efficiency of equity funds like Mid Cap funds can make them attractive for long-term investors.

Impact Of Fund Manager Expertise On Mid Cap Mutual Funds’ Performance

The expertise of the fund manager plays a crucial role in the performance of Mid Cap Mutual Funds. A skilled manager can add significant value through their ability to identify promising mid-sized companies with strong growth potential and sound fundamentals.

The manager’s expertise in analyzing business models, assessing management quality, and understanding sector dynamics is particularly important in the mid-cap segment. Their decisions on stock selection and portfolio allocation can greatly influence the fund’s ability to generate alpha and manage risks effectively.

What Are The Rules For Mid-cap Funds?

Mid-cap funds in India are required to invest at least 65% of their total assets in equity and equity-related instruments of mid-cap companies. These are defined as companies ranked between 101 and 250 in terms of full market capitalization.

The remaining assets can be invested in other equity, debt, or money market instruments. This allocation ensures that mid-cap funds maintain their focus on mid-sized companies while allowing some flexibility for portfolio management and risk mitigation.

FAQs – Best Mid Cap Mutual Funds  

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.