Comprehensive Fund Analysis
Top 5 Midcap Funds for Long-Term Wealth
A data-driven comparison of India’s best-performing midcap mutual funds ranked by 10-year CAGR, with every metric you need for an informed decision.
Data as of March 2026 | Direct Plans | Benchmark: Nifty Midcap 150 TRI
Benchmark Context: Nifty Midcap 150 TRI
How the index itself has performed — your funds should beat this
1
Edelweiss Mid Cap Fund
Fund Manager: Harshad Patwardhan | Since Jan 2013
★ 5-Star Rated
AUM: ₹14,355 Cr
Expense: 0.46%
2
Invesco India Mid Cap Fund
Fund Manager: Vinay Paharia | Since Jan 2013
★ 4-Star Rated
AUM: ₹10,771 Cr
Expense: 0.55%
3
Nippon India Growth Mid Cap Fund
Fund Manager: Rupesh Patel | Inception: Jun 1995 (one of India's oldest midcap funds)
★ 4-Star Rated
AUM: ₹43,983 Cr
Expense: 0.77%
4
Kotak Midcap Fund
Fund Manager: Atul Bhole | Since Jan 2013
★ 4-Star Rated
AUM: ₹61,694 Cr
Expense: 0.38%
5
HDFC Mid Cap Fund
Fund Manager: Chirag Setalvad | Since Jan 2013 | Largest midcap fund in India
★ 5-Star Rated
AUM: ₹94,257 Cr
Expense: 0.77%
Side-by-Side: All Parameters at a Glance
Direct Plans • Returns as of Mar 2026 • Risk metrics trailing 3 years
| Parameter |
Edelweiss |
Invesco |
Nippon |
Kotak |
HDFC |
Benchmark |
| NAV (₹) | 110.71 | 194.72 | 4,312.75 | 144.86 | 202.87 | — |
| AUM (₹ Cr) | 14,355 | 10,771 | 43,983 | 61,694 | 94,257 | — |
| Expense Ratio | 0.46% | 0.55% | 0.77% | 0.38% | 0.77% | — |
| 1-Year Return | 4.98% | 5.85% | 5.55% | 5.22% | 5.25% | 3.29% |
| 3-Year CAGR | 25.27% | 25.82% | 25.29% | 20.46% | 24.07% | 22.04% |
| 5-Year CAGR | 21.21% | 20.36% | 21.47% | 18.53% | 21.43% | 18.52% |
| 10-Year CAGR | 19.48% | 19.29% | 19.18% | 18.90% | 18.64% | 17.93% |
| Since Inception | 20.91% | ~19.5% | 17.56% | 20.31% | 19.77% | — |
| Sharpe Ratio | 1.27 | — | 1.31 | 1.07 | 0.78 | — |
| Alpha | 5.16 | — | 4.34 | 1.22 | — | 0 |
| Beta | 0.93 | — | 0.94 | 0.90 | 0.85 | 1.00 |
| Std Deviation | — | — | 15.34% | 15.21% | 13.47% | — |
| Sortino Ratio | — | — | 1.87 | 1.32 | — | — |
| PE Ratio | — | — | — | — | 26.95 | — |
| Min SIP | ₹100 | ₹100 | ₹100 | ₹100 | ₹100 | — |
| Exit Load | 1% if redeemed within 12 months (standard across all) | — |
| Rating | ★★★★★ | ★★★★ | ★★★★ | ★★★★ | ★★★★★ | — |
10-Year CAGR (%)
The most important long-term metric
5-Year CAGR (%)
Recent medium-term performance
Expense Ratio (%)
Lower is better — direct impact on returns
Sharpe Ratio
Risk-adjusted return — higher is better
19.48%
Highest 10-Year CAGR
Edelweiss
0.38%
Lowest Expense Ratio
Kotak
1.31
Best Sharpe Ratio
Nippon
0.85
Lowest Beta (least volatile)
HDFC
₹94,257 Cr
Largest AUM
HDFC
₹10,000/month SIP — What Would You Have Today?
Hypothetical SIP started 10 years ago • Based on actual fund CAGR • Total invested: ₹12,00,000
| Fund |
10-Yr CAGR |
Approx Corpus (₹) |
Wealth Gain (₹) |
Wealth Multiplier |
| Edelweiss Mid Cap |
19.48% |
₹37.8 L |
₹25.8 L |
3.15x |
| Invesco Mid Cap |
19.29% |
₹37.4 L |
₹25.4 L |
3.12x |
| Nippon Growth |
19.18% |
₹37.2 L |
₹25.2 L |
3.10x |
| Kotak Midcap |
18.90% |
₹36.5 L |
₹24.5 L |
3.04x |
| HDFC Mid Cap |
18.64% |
₹35.9 L |
₹23.9 L |
2.99x |
| Nifty Midcap 150 TRI |
17.93% |
₹34.5 L |
₹22.5 L |
2.88x |
Jargon Buster — What These Metrics Mean
Understanding every parameter in the analysis above
| Metric | What It Tells You | Ideal Value |
|---|
| CAGR | Compounded Annual Growth Rate — smoothed annual return over a period | Higher = Better |
| Expense Ratio | Annual fee charged by the fund house; directly reduces your returns | Lower = Better |
| Sharpe Ratio | Return earned per unit of risk taken; measures efficiency of returns | > 1.0 is Good |
| Alpha | Excess return over benchmark after adjusting for risk; shows manager skill | Positive = Better |
| Beta | Sensitivity to market moves; Beta < 1 = less volatile than market | < 1.0 = Less Risky |
| Std Deviation | Measures how much returns fluctuate; higher = more volatile | Lower = Smoother |
| Sortino Ratio | Like Sharpe but only penalizes downside volatility; more relevant | Higher = Better |
| PE Ratio | Price-to-Earnings of the portfolio; lower means cheaper valuation | Lower = Better Value |
| AUM | Total money managed; very high AUM in midcap can limit agility | Sweet spot: ₹5K–50K Cr |
| Exit Load | Penalty for early redemption; standard is 1% if redeemed within 1 year | Lower/Shorter = Better |
Tax Impact on Midcap Fund Returns (FY 2025-26)
Equity mutual fund taxation rules as per current budget
| Holding Period | Tax Type | Tax Rate | Exemption |
|---|
| < 12 months | STCG (Short Term) | 20% | None |
| > 12 months | LTCG (Long Term) | 12.5% | First ₹1.25 Lakh/year exempt |
Why Sai Assets?
We believe financial literacy shouldn't be locked behind jargon and paywalls. Every report on this platform is built on real data, peer-reviewed metrics, and zero sales bias.
Our mission is simple — help everyday investors make informed decisions using the same analytical frameworks that professionals use.
Disclaimer: All data sourced from Groww, Tickertape, Advisorkhoj, ET Mutual Funds & Scripbox (as of March 2026). All returns shown are for Direct Growth plans.
Past performance is not indicative of future returns. This platform is for educational purposes only and does not constitute financial advice.
Please consult a SEBI-registered investment advisor before making any investment decisions.