Best Mid Cap Mutual Funds (by 3-Year Return)
Updated November 2026 · 20 active funds · data from AMFI NAVs
Mid-cap funds (at least 65% in companies ranked 101-250 by market cap) ranked by 3-year CAGR from AMFI NAVs. Mid-caps can outpace large-caps in a bull run and fall harder in a correction, so the drawdown and volatility columns matter as much as the return. Past performance is not indicative of future results; this is analysis, not advice.
| # | Scheme | 1Y | 3Y | 5Y | Sharpe | Max DD | TER | AUM |
|---|---|---|---|---|---|---|---|---|
| 1 | Invesco India Midcap Fund Invesco | +10.51% | +23.67% | +18.62% | 0.79 | -20.1% | 0.58% | ₹10.4K Cr |
| 2 | HSBC Midcap Fund HSBC | +16.09% | +21.85% | - | 0.77 | -26.0% | 1.23% | ₹12.1K Cr |
| 3 | WhiteOak Capital Mid Cap Fund WhiteOak Capital | +9.28% | +20.96% | - | 0.85 | -19.3% | 0.86% | ₹4.5K Cr |
| 4 | ICICI Prudential MidCap Fund ICICI Prudential | +8.05% | +20.37% | +15.48% | 0.67 | -21.3% | 1.14% | ₹7.0K Cr |
| 5 | Edelweiss Mid Cap Fund Edelweiss | +4.43% | +19.61% | +17.00% | 0.78 | -20.1% | 1.02% | ₹13.9K Cr |
| 6 | JM Midcap Fund (Direct) JM Financial | +9.88% | +18.56% | - | 0.73 | -22.5% | 0.92% | ₹190 Cr |
| 7 | Motilal Oswal Midcap Fund Motilal Oswal | +2.05% | +18.31% | +19.15% | 0.86 | -28.9% | 1.18% | ₹34.4K Cr |
| 8 | ITI Mid Cap Fund ITI | +5.04% | +18.27% | +14.75% | 0.59 | -22.7% | 0.96% | ₹1.3K Cr |
| 9 | BANDHAN MIDCAP FUND Bandhan | +9.74% | +18.01% | - | 0.61 | -22.7% | 0.61% | ₹1.9K Cr |
| 10 | Nippon India Growth Mid Cap Fund Nippon India | +5.53% | +17.23% | +16.73% | 0.79 | -19.9% | 0.74% | ₹42.3K Cr |
| 11 | Sundaram Mid Cap Fund Sundaram | +2.73% | +17.05% | +15.69% | 0.69 | -20.7% | 1.00% | ₹12.9K Cr |
| 12 | Axis Midcap Fund Axis | +7.64% | +16.96% | +12.29% | 0.58 | -20.3% | 0.71% | ₹31.0K Cr |
| 13 | Union Midcap Fund Union | +7.63% | +16.78% | +14.26% | 0.67 | -21.3% | 0.80% | ₹1.6K Cr |
| 14 | JM Midcap Fund (Regular) JM Financial | +8.24% | +16.65% | - | 0.63 | -23.1% | 0.92% | ₹921 Cr |
| 15 | Canara Robeco Mid Cap Fund Canara Robeco | +5.53% | +16.57% | - | 0.62 | -21.2% | 0.98% | ₹4.1K Cr |
| 16 | Mahindra Manulife Mid Cap Fund Mahindra Manulife | +4.77% | +16.48% | +15.91% | 0.69 | -20.9% | 0.58% | ₹4.3K Cr |
| 17 | HDFC Mid Cap Fund HDFC | +3.12% | +16.31% | +17.66% | 0.82 | -17.0% | 0.76% | ₹91.6K Cr |
| 18 | BARODA BNP PARIBAS Mid Cap Fund Baroda BNP Paribas | +6.50% | +16.25% | - | 0.55 | -18.6% | 0.75% | ₹2.3K Cr |
| 19 | Kotak Midcap Fund Kotak Mahindra | +2.96% | +16.08% | +15.12% | 0.66 | -20.9% | - | ₹59.2K Cr |
| 20 | Mirae Asset Midcap Fund Mirae Asset | +3.64% | +15.48% | +13.75% | 0.61 | -22.5% | 0.91% | ₹17.7K Cr |
Ranked by 3-Year CAGR (highest first), on funds with that metric available. Returns, Sharpe, drawdown and TER are computed independently from AMFI NAVs - see methodology. No paid placement.