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Best Mid Cap Equity Funds in 2025

What are Equity: Mid Cap funds?


Funds Included All Fund Returns
(3Y annualised)		 Top 5 fund Returns
(3Y annualised)
31 21.91% 26.27%

This fund category is an example of Equity Scheme funds.

These funds mainly invest in equity i.e. shares and equity-related instruments. They are suitable for investors seeking long-term capital appreciation and willing to tolerate short-term market volatility. Equity funds may focus on specific sectors, investment styles, or market capitalizations. Investors with a high risk appetite and long investment horizon may consider investing in equity funds.

Trailing returns for Equity: Mid Cap funds

These are average returns over the indicated period.

Monthly trailing returns:
Nov-2025Oct-2025Sep-2025Aug-2025Jul-2025Jun-2025
-0.24%4.21%0.59%-1.68%-2.10%4.71%

Quarterly trailing returns:
2025Q42025Q32025Q22025Q12024Q42024Q3
3.96%-3.17%13.96%-10.07%-4.10%8.20%

Yearly trailing returns:
202520242023202220212020
2.97%29.22%39.15%4.67%45.18%25.37%

Rolling returns for Equity: Mid Cap funds

SIP
10% Step-up SIP
Lump sum
SWP
10% Step-up SWP
Metric Any 1Y SIPAny 2Y SIPAny 3Y SIPAny 5Y SIPAny 7Y SIPAny 10Y SIP
Minimum-26.43%2.3%6.02%7.11%19.45%18.46%
Median17.44%13.36%20.11%19.93%21.93%19.15%
Maximum76.13%26.69%31.61%28.11%23.43%19.85%
Risk22.42%5.41%5.76%4.76%0.97%0.37%
Sharpe Ratio46.57%117.6%227.67%271.52%1543.93%3247.48%
Data as of 14-Dec-2025
Metric Any 1Y SIPAny 2Y 目↑ SIPAny 3Y 目↑ SIPAny 5Y 目↑ SIPAny 7Y 目↑ SIPAny 10Y 目↑ SIP
Minimum-26.43%8.85%17.08%18.68%21.56%19.1%
Median17.44%12.22%18.96%19.95%22.4%19.66%
Maximum76.13%15.65%20.45%21.02%23.03%20.06%
Risk22.42%1.69%1.06%0.75%0.46%0.29%
Sharpe Ratio46.57%309.35%1125.2%1733.08%3370.62%4337.7%
Data as of 14-Dec-2025
Metric Any 1YAny 2YAny 3YAny 5YAny 7YAny 10Y
Minimum-14.79%11.0%9.85%11.1%19.07%17.21%
Median15.0%20.33%21.89%20.76%20.14%17.84%
Maximum68.02%32.36%32.54%28.56%21.42%18.64%
Risk20.25%5.1%5.18%4.29%0.54%0.39%
Sharpe Ratio39.52%261.44%287.65%320.46%2414.7%2749.25%
Data as of 14-Dec-2025
Metric Any 1Y SWPAny 2Y SWPAny 3Y SWPAny 5Y SWPAny 7Y SWPAny 10Y SWP
Minimum-18.4%17.6%9.85%12.82%15.48%13.66%
Median13.42%26.73%23.35%21.77%17.21%15.9%
Maximum78.91%43.86%44.76%37.53%22.16%18.1%
Risk24.19%6.71%7.96%6.0%1.77%1.07%
Sharpe Ratio26.53%293.94%205.42%246.25%578.21%828.7%
Data as of 14-Dec-2025
Metric Any 1Y SWPAny 2Y 目↑ SWPAny 3Y 目↑ SWPAny 5Y 目↑ SWPAny 7Y 目↑ SWPAny 10Y 目↑ SWP
Minimum-18.4%24.06%24.99%28.72%18.74%14.15%
Median13.42%28.21%25.9%29.28%19.0%14.36%
Maximum78.91%32.79%27.5%30.71%19.59%15.21%
Risk24.19%2.72%0.67%0.58%0.25%0.35%
Sharpe Ratio26.53%779.65%2819.13%3873.43%4861.19%2079.73%
Data as of 14-Dec-2025

Fundwise SIP, Lumpsum and SWP returns


Rolling SIP returns (less than 1 year)
Fund Any 1M SIPAny 3M SIPAny 6M SIP
Edelweiss Mid Cap Fund5.71%12.77%10.68%
Whiteoak Capital Mid Cap Fund9.94%22.38%20.49%
Franklin India Mid Cap Fund3.44%11.88%7.1%
SBI Midcap Fund9.84%12.76%3.73%
HDFC Mid Cap Fund12.83%23.68%16.85%
Kotak Midcap Fund-19.87%-6.28%1.95%
Mahindra Manulife Mid Cap Fund0.68%10.6%7.61%
HSBC Midcap Fund20.37%26.51%38.36%
Axis Midcap Fund-7.55%-0.36%2.79%
Union Midcap Fund-12.17%2.59%7.17%
Taurus Mid Cap Fund-17.57%-0.86%0.45%
LIC MF Mid Cap Fund21.43%13.66%11.69%
ITI Mid Cap Fund-0.83%17.62%11.85%
Baroda BNP Paribas Mid Cap Fund8.08%14.47%13.3%
DSP Midcap Fund1.94%5.27%6.85%
Motilal Oswal Midcap Fund-18.71%-7.52%-0.58%
Aditya Birla Sun Life Midcap Fund-4.37%6.94%6.29%
Bandhan Midcap Fund-12.17%-2.58%5.23%
Tata Mid Cap Fund12.33%17.18%13.54%
Invesco India Midcap Fund-0.22%12.62%13.5%
Nippon India Mid Cap Fund-7.82%6.44%7.17%
Sundaram Mid Cap Fund-2.54%11.31%12.13%
Canara Robeco Mid Cap Fund-6.96%2.07%9.2%
PGIM India Midcap Fund-19.02%-9.75%-1.73%
ICICI Prudential Midcap Fund4.73%15.47%13.05%
Helios Mid Cap Fund42.7%33.52%35.75%
UTI Mid Cap Fund-9.6%2.59%2.84%
Quant Mid Cap Fund-11.06%6.84%-2.01%
JM Midcap Fund-17.79%-2.31%8.99%
Mirae Asset Midcap Fund3.66%16.69%17.42%
Bank India Mid Cap Fund0.0%-11.3%0%
Data as of 14-Dec-2025

Note: Returns for less than one year are annualised. However, given the nature of the calculation, XIRR for such periods are not meaningful.

Rolling SIP returns (1 year or more):

Fund Any 1Y SIPAny 3Y SIPAny 5Y SIP
Edelweiss Mid Cap Fund13.1%24.77%22.88%
Whiteoak Capital Mid Cap Fund40.11%25.61%0%
Franklin India Mid Cap Fund14.54%19.9%19.97%
SBI Midcap Fund17.92%20.84%17.45%
HDFC Mid Cap Fund21.65%23.61%22.56%
Kotak Midcap Fund15.01%23.54%21.7%
Mahindra Manulife Mid Cap Fund13.6%19.91%21.92%
HSBC Midcap Fund35.17%21.37%0%
Axis Midcap Fund17.67%16.69%18.78%
Union Midcap Fund14.07%19.31%19.57%
Taurus Mid Cap Fund13.55%15.57%16.27%
LIC MF Mid Cap Fund8.6%0%0%
ITI Mid Cap Fund12.56%22.85%0%
Baroda BNP Paribas Mid Cap Fund21.09%18.75%0%
DSP Midcap Fund12.55%17.81%16.89%
Motilal Oswal Midcap Fund16.1%22.89%23.53%
Aditya Birla Sun Life Midcap Fund12.76%18.07%18.19%
Bandhan Midcap Fund14.1%19.63%0%
Tata Mid Cap Fund16.28%18.77%19.85%
Invesco India Midcap Fund23.32%27.44%24.85%
Nippon India Mid Cap Fund13.1%21.08%22.84%
Sundaram Mid Cap Fund17.16%20.34%13.23%
Canara Robeco Mid Cap Fund22.97%18.25%0%
PGIM India Midcap Fund11.02%15.63%24.13%
ICICI Prudential Midcap Fund18.69%21.42%19.28%
Helios Mid Cap Fund0%0%0%
UTI Mid Cap Fund16.08%14.54%16.04%
Quant Mid Cap Fund1.78%10.44%18.32%
JM Midcap Fund26.31%19.8%0%
Mirae Asset Midcap Fund24.96%24.25%20.22%
Bank India Mid Cap Fund0%0%0%
Data as of 14-Dec-2025
SIP Calculator


Rolling Lumpsum returns
Fund Any 1YAny 3YAny 5Y
Edelweiss Mid Cap Fund11.31%22.74%16.69%
Whiteoak Capital Mid Cap Fund25.48%26.78%0%
Franklin India Mid Cap Fund13.61%22.03%21.62%
SBI Midcap Fund15.36%19.55%14.26%
HDFC Mid Cap Fund14.93%25.3%22.3%
Kotak Midcap Fund10.98%21.74%24.0%
Mahindra Manulife Mid Cap Fund8.8%24.56%26.88%
HSBC Midcap Fund40.05%24.4%0%
Axis Midcap Fund16.51%19.06%18.5%
Union Midcap Fund5.09%21.0%24.12%
Taurus Mid Cap Fund11.15%17.85%17.86%
LIC MF Mid Cap Fund10.46%0%0%
ITI Mid Cap Fund4.58%25.02%0%
Baroda BNP Paribas Mid Cap Fund19.04%21.26%0%
DSP Midcap Fund4.51%19.97%17.24%
Motilal Oswal Midcap Fund18.0%23.33%16.42%
Aditya Birla Sun Life Midcap Fund4.83%20.17%22.63%
Bandhan Midcap Fund20.94%22.54%0%
Tata Mid Cap Fund13.72%22.36%23.05%
Invesco India Midcap Fund16.0%27.04%26.31%
Nippon India Mid Cap Fund5.97%24.37%26.05%
Sundaram Mid Cap Fund13.74%15.79%11.2%
Canara Robeco Mid Cap Fund31.16%21.46%0%
PGIM India Midcap Fund10.81%14.25%17.91%
ICICI Prudential Midcap Fund14.44%20.18%18.11%
Helios Mid Cap Fund0%0%0%
UTI Mid Cap Fund14.95%16.89%20.29%
Quant Mid Cap Fund-1.86%16.07%25.79%
JM Midcap Fund40.56%25.62%0%
Mirae Asset Midcap Fund19.93%31.67%24.63%
Bank India Mid Cap Fund0%0%0%
Data as of 14-Dec-2025

Rolling SWP returns
Fund Any 1Y SWPAny 3Y SWPAny 5Y SWP
Edelweiss Mid Cap Fund7.17%15.06%9.4%
Whiteoak Capital Mid Cap Fund9.01%28.94%0%
Franklin India Mid Cap Fund12.07%25.58%23.96%
SBI Midcap Fund11.24%14.85%8.18%
HDFC Mid Cap Fund16.3%21.92%24.29%
Kotak Midcap Fund11.97%22.49%22.89%
Mahindra Manulife Mid Cap Fund2.49%31.47%34.42%
HSBC Midcap Fund39.77%28.37%0%
Axis Midcap Fund12.75%18.95%15.56%
Union Midcap Fund-2.09%23.07%30.95%
Taurus Mid Cap Fund5.82%19.99%17.85%
LIC MF Mid Cap Fund35.72%0%0%
ITI Mid Cap Fund11.82%28.5%0%
Baroda BNP Paribas Mid Cap Fund11.65%24.6%0%
DSP Midcap Fund-0.42%22.01%18.76%
Motilal Oswal Midcap Fund15.93%20.09%11.53%
Aditya Birla Sun Life Midcap Fund-4.19%23.99%28.6%
Bandhan Midcap Fund30.42%26.49%0%
Tata Mid Cap Fund13.01%26.69%27.59%
Invesco India Midcap Fund11.72%27.61%28.93%
Nippon India Mid Cap Fund4.6%25.19%20.1%
Sundaram Mid Cap Fund11.5%14.86%10.65%
Canara Robeco Mid Cap Fund35.61%25.5%0%
PGIM India Midcap Fund10.0%12.03%9.9%
ICICI Prudential Midcap Fund12.24%18.11%16.11%
Helios Mid Cap Fund0%0%0%
UTI Mid Cap Fund9.71%20.38%26.5%
Quant Mid Cap Fund-4.47%23.22%39.57%
JM Midcap Fund46.49%33.71%0%
Mirae Asset Midcap Fund11.26%30.0%31.48%
Bank India Mid Cap Fund0%0%0%
Data as of 14-Dec-2025

SIP and SWP returns with step-up


Rolling SIP returns with 10% step-up
Fund Any 1Y SIPAny 3Y 目↑ SIPAny 5Y 目↑ SIP
Edelweiss Mid Cap Fund13.1%23.81%24.17%
Whiteoak Capital Mid Cap Fund40.11%25.34%0%
Franklin India Mid Cap Fund14.54%19.51%19.89%
SBI Midcap Fund17.92%12.99%16.23%
HDFC Mid Cap Fund21.65%22.36%24.21%
Kotak Midcap Fund15.01%19.24%20.44%
Mahindra Manulife Mid Cap Fund13.6%19.46%21.67%
HSBC Midcap Fund35.17%20.98%0%
Axis Midcap Fund17.67%17.75%17.7%
Union Midcap Fund14.07%18.54%19.42%
Taurus Mid Cap Fund13.55%11.25%14.35%
LIC MF Mid Cap Fund8.6%0%0%
ITI Mid Cap Fund12.56%20.44%0%
Baroda BNP Paribas Mid Cap Fund21.09%18.46%0%
DSP Midcap Fund12.55%17.5%16.83%
Motilal Oswal Midcap Fund16.1%21.8%25.96%
Aditya Birla Sun Life Midcap Fund12.76%17.28%18.09%
Bandhan Midcap Fund14.1%18.97%0%
Tata Mid Cap Fund16.28%18.45%19.69%
Invesco India Midcap Fund23.32%27.46%25.79%
Nippon India Mid Cap Fund13.1%21.07%22.87%
Sundaram Mid Cap Fund17.16%21.96%22.4%
Canara Robeco Mid Cap Fund22.97%17.93%0%
PGIM India Midcap Fund11.02%13.12%14.78%
ICICI Prudential Midcap Fund18.69%21.79%21.42%
Helios Mid Cap Fund0%0%0%
UTI Mid Cap Fund16.08%14.26%15.84%
Quant Mid Cap Fund1.78%10.11%17.03%
JM Midcap Fund26.31%19.29%0%
Mirae Asset Midcap Fund24.96%19.74%20.14%
Bank India Mid Cap Fund0%0%0%
Data as of 14-Dec-2025

Rolling SWP returns with 10% step-up
Fund Any 1Y SWPAny 3Y 目↑ SWPAny 5Y 目↑ SWP
Edelweiss Mid Cap Fund7.17%28.99%32.39%
Whiteoak Capital Mid Cap Fund9.01%29.08%0%
Franklin India Mid Cap Fund12.07%25.68%23.71%
SBI Midcap Fund11.24%22.39%31.49%
HDFC Mid Cap Fund16.3%30.28%31.22%
Kotak Midcap Fund11.97%24.94%30.17%
Mahindra Manulife Mid Cap Fund2.49%31.5%33.67%
HSBC Midcap Fund39.77%28.5%0%
Axis Midcap Fund12.75%22.35%23.68%
Union Midcap Fund-2.09%23.25%30.12%
Taurus Mid Cap Fund5.82%21.65%23.7%
LIC MF Mid Cap Fund35.72%0%0%
ITI Mid Cap Fund11.82%29.08%0%
Baroda BNP Paribas Mid Cap Fund11.65%24.71%0%
DSP Midcap Fund-0.42%23.43%18.58%
Motilal Oswal Midcap Fund15.93%31.64%37.97%
Aditya Birla Sun Life Midcap Fund-4.19%24.17%27.88%
Bandhan Midcap Fund30.42%26.76%0%
Tata Mid Cap Fund13.01%26.7%27.05%
Invesco India Midcap Fund11.72%29.22%28.58%
Nippon India Mid Cap Fund4.6%29.4%32.36%
Sundaram Mid Cap Fund11.5%27.45%28.1%
Canara Robeco Mid Cap Fund35.61%25.49%0%
PGIM India Midcap Fund10.0%14.79%31.11%
ICICI Prudential Midcap Fund12.24%23.8%28.46%
Helios Mid Cap Fund0%0%0%
UTI Mid Cap Fund9.71%20.38%25.77%
Quant Mid Cap Fund-4.47%23.04%38.36%
JM Midcap Fund46.49%33.62%0%
Mirae Asset Midcap Fund11.26%22.86%30.54%
Bank India Mid Cap Fund0%0%0%
Data as of 14-Dec-2025

Note:N.A. in returns indicate that the fund does not have sufficient history.

Tables have been updated on 14-Dec-2025

How are Equity: Mid Cap funds taxed on selling?

Equity Funds
Tax for FY2025-26		 STCG Rate LTCG Eligibility LTCG Rate
Bought Anytime 20% After 1Y 12.5% (above 1.25L)
w 31Jan18 exemption

Note:

  • Dividends from mutual funds (called IDCW or Income Distribution cum Capital Withdrawal funds), are added to the income of the investor and taxed at their highest applicable (slab) rate.
  • Cess and surcharge (if applicable) is to be applied to taxes from mutual funds from selling and dividends.
  • Switches, SWP and selling any lump sum amount are taxable as per the table above.

Explore All Funds Belonging to this Type

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Disclaimer: Mutual fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

Note: NAVs and returns updated on 14-Dec-2025.

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