GFS » Mutual Fund » Mid Cap

Mid Cap Funds

Every mid cap scheme in the AMFI-sourced universe behind this site, with NAV as at 20 Aug 2026.

Average 3Y return

+19.10%

across 29 of 32 schemes

Riskometer (most common)

Very High

28 of 28 disclosing

Total schemes

1 SEBI sub-category

What is a mid cap fund?

Mid cap funds invest at least 65% in companies ranked 101–250 by market size — businesses past the survival stage but still growing fast.

Defined by rank, not by sector: AMFI republishes the 101–250 list every six months and schemes rebalance to it.

Companies move in and out of the segment at each revision — the constituent list is not fixed.

Historic falls have been large: each scheme’s own maximum drawdown, computed from its NAV history, is in the Risk tab above.

Mid Cap schemes, sorted on disclosed returns

32 of 32 schemes shown · sorted by disclosed 1Y return, highest first · NAV as at 20 Aug 2026

Mid Cap funds return calculator

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Investment type

SIP amount (monthly)₹5,000

Tenure

5Y data isn’t available for HSBC Midcap Fund — showing 3Y. Backtest: HSBC Midcap Fund’s disclosed 3Y SIP return of 21.3% — an annualised SIP return (XIRR), compounded monthly over the instalments. Past figures, illustrative only.

₹2.5 L

Invested amt.₹1,80,000

Net profit+₹65,815

Total wealth₹2,45,815

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Suitability test

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Mid Cap schemes with the highest disclosed 3Y return

HSBC Midcap Fund

3Y returns +26.24%

Invesco India Midcap Fund

3Y returns +25.88%

WhiteOak Capital Mid Cap Fund Direct Plan Growth

3Y returns +24.35%

ICICI Prudential MidCap Fund

3Y returns +24.15%

What the segment is

SEBI’s categorisation rules define mid cap as companies ranked 101st to 250th by full market capitalisation on AMFI’s half-yearly list, and require at least 65% of the scheme in them. What each scheme does with the remaining 35% is set out in its own scheme information document.

Taxation (2026)

Equity rules: 20% short-term within 12 months; 12.5% long-term above ₹1.25 lakh a year.

Product labelling

Every scheme carries its own riskometer and “suitable for investors who are seeking” label, set by the fund house. Read that label on the scheme document rather than taking a category-level view of it.

What to check

Portfolio concentration, the expense ratio, and each scheme’s own drawdown and volatility figures in the Risk tab — all of them disclosed numbers.

Frequently asked questions

+How much mid cap should a portfolio hold?

GFS is a distributor, not an investment adviser, so it does not set allocations for you. The inputs to that decision are your own horizon, your other holdings and the risk label on each scheme document — a registered investment adviser can advise on it.

+Why have mid caps historically fallen harder than large caps?

Lower trading liquidity and a higher share of price driven by expected growth. The scheme-level evidence is in the Risk tab: standard deviation and maximum drawdown, computed from each scheme’s own NAV history.

+What is the difference between a SIP and a lumpsum here?

A SIP buys a fixed rupee amount on a fixed date, so the number of units bought varies with NAV; a lumpsum buys once at one NAV. The SIP Returns tab shows XIRR on monthly instalments, the Returns tab shows point-to-point — they answer different questions.

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