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Top Mid Cap Mutual Funds

Mid Cap·10 Mid Cap schemes ranked by recent momentum — 3M / 6M / 9M / 1Y. Top-ranked: Union Midcap Fund - Regular Plan - Growth Option.

Recent Momentum10 SchemesUpdated 20 Sept 2026

Top Ranked

Union Midcap Fund - Regular Plan - Growth Option

#1

Best 3M Return

Motilal Oswal Midcap Fund-Regular Plan-Growth Option

9.89%

Best 1Y Return

ICICI Prudential Mid Cap Fund - Growth

12.84%

Best 6M Return

Motilal Oswal Midcap Fund-Regular Plan-Growth Option

20.25%

Mid Cap — At a Glance

CategoryMid Cap
View TypeRecent Momentum
Funds Ranked10
MethodologyFunds are ranked using a composite of 3-month (40%), 6-month (30%), 9-month (20%) and 1-year (10%) percentile performance within their category. Rankings are a research aid and not investment advice.
Data SourceNAV history sourced from AMFI data feeds
Last Updated20 Sept 2026
NotInvestment advice, buy/sell recommendation, guaranteed returns

What Are Mid Cap Mutual Funds?

The Mid Cap funds below are ranked by recent performance — weighting the last 3, 6, 9 and 12 months to surface funds that are currently near the top of their peer set. This is useful for short-to-medium horizon investors and for advisors reviewing recent momentum.

Regulatory framework for Indian mutual funds is governed by SEBI, with industry data published by AMFI.

Which Mid Cap Funds Are Performing Best Right Now?

10 funds
RankFundFund House3M6M9M1Y
1Union Midcap Fund - Regular Plan - Growth OptionUnion Mutual Fund2.20%13.50%7.85%7.14%
2Invesco India Mid Cap Fund - Regular Plan - Growth OptionInvesco Mutual Fund1.97%17.19%7.00%6.78%
3Mirae Asset Midcap Fund - Regular Plan - GrowthMirae Asset Mutual Fund3.68%14.24%6.10%7.05%
4Taurus Mid Cap Fund - Regular Plan - GrowthTaurus Mutual Fund8.25%16.61%6.18%3.17%
5Motilal Oswal Midcap Fund-Regular Plan-Growth OptionMotilal Oswal Mutual Fund9.89%20.25%3.31%-2.85%
6ITI Mid Cap Fund - Regular Plan - Growth OptionITI Mutual Fund1.93%13.32%6.23%8.71%
7Axis Midcap Fund - Regular Plan - GrowthAxis Mutual Fund1.75%12.50%7.93%5.22%
8Aditya Birla Sun Life MIDCAP Fund-GrowthAditya Birla Sun Life Mutual Fund1.58%14.07%5.36%5.53%
9ICICI Prudential Mid Cap Fund - GrowthICICI Prudential Mutual Fund-0.42%11.55%10.20%12.84%
10UTI Mid Cap Fund-Growth OptionUTI Mutual Fund1.76%11.20%3.64%2.09%

Data reflects trailing returns as of 20 Sept 2026. Past performance does not guarantee future results.

Explore Other Views of Mid Cap

This page shows the recent momentum view. The same Mid Cap funds can also be seen through a different lens — pick whichever answers your question.

Best Funds

Mid Cap — Best Funds

Long-term composite ranking — weighted toward 3-year and 5-year performance.

Return Comparison

Mid Cap — Return Comparison

Raw trailing returns across all six periods, side-by-side, no composite ranking.

Scheme-by-Scheme Breakdown

10 funds analysed

Below is a fund-by-fund analysis of the Mid Cap schemes listed on this page. Each entry covers the fund's position, its trailing returns, and a short characterisation of its return profile within the category.

Top Performer
#1

Union Midcap Fund - Regular Plan - Growth Option

Union Mutual Fund

3M:2.20%6M:13.50%9M:7.85%1Y:7.14%

Union Midcap Fund - Regular Plan - Growth Option from Union Mutual Fund holds the #1 position on this Mid Cap recent-momentum screen, out of 10 funds evaluated.

As of the latest snapshot, the fund has delivered a 3-month return of 2.20%, a 6-month return of 13.50%, a 9-month return of 7.85%, a 1-year return of 7.14%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Union Mutual Fund, one of the asset management companies offering Mid Cap funds in India.

#2

Invesco India Mid Cap Fund - Regular Plan - Growth Option

Invesco Mutual Fund

3M:1.97%6M:17.19%9M:7.00%1Y:6.78%

Invesco India Mid Cap Fund - Regular Plan - Growth Option from Invesco Mutual Fund sits in the top 3 on this Mid Cap recent-momentum screen, at #2 of 10.

As of the latest snapshot, the fund has delivered a 3-month return of 1.97%, a 6-month return of 17.19%, a 9-month return of 7.00%, a 1-year return of 6.78%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Invesco Mutual Fund, one of the asset management companies offering Mid Cap funds in India.

#3

Mirae Asset Midcap Fund - Regular Plan - Growth

Mirae Asset Mutual Fund

3M:3.68%6M:14.24%9M:6.10%1Y:7.05%

Mirae Asset Midcap Fund - Regular Plan - Growth from Mirae Asset Mutual Fund sits in the top 3 on this Mid Cap recent-momentum screen, at #3 of 10.

As of the latest snapshot, the fund has delivered a 3-month return of 3.68%, a 6-month return of 14.24%, a 9-month return of 6.10%, a 1-year return of 7.05%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Mirae Asset Mutual Fund, one of the asset management companies offering Mid Cap funds in India.

#4

Taurus Mid Cap Fund - Regular Plan - Growth

Taurus Mutual Fund

3M:8.25%6M:16.61%9M:6.18%1Y:3.17%

Taurus Mid Cap Fund - Regular Plan - Growth from Taurus Mutual Fund appears at #4 of 10 on this Mid Cap recent-momentum screen — a position in the upper half of the funds tracked on this page.

As of the latest snapshot, the fund has delivered a 3-month return of 8.25%, a 6-month return of 16.61%, a 9-month return of 6.18%, a 1-year return of 3.17%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Taurus Mutual Fund, one of the asset management companies offering Mid Cap funds in India.

#5

Motilal Oswal Midcap Fund-Regular Plan-Growth Option

Motilal Oswal Mutual Fund

3M:9.89%6M:20.25%9M:3.31%1Y:-2.85%

Motilal Oswal Midcap Fund-Regular Plan-Growth Option from Motilal Oswal Mutual Fund appears at #5 of 10 on this Mid Cap recent-momentum screen — a position in the upper half of the funds tracked on this page.

As of the latest snapshot, the fund has delivered a 3-month return of 9.89%, a 6-month return of 20.25%, a 9-month return of 3.31%, a 1-year return of -2.85%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Motilal Oswal Mutual Fund, one of the asset management companies offering Mid Cap funds in India.

#6

ITI Mid Cap Fund - Regular Plan - Growth Option

ITI Mutual Fund

3M:1.93%6M:13.32%9M:6.23%1Y:8.71%

ITI Mid Cap Fund - Regular Plan - Growth Option from ITI Mutual Fund is included on this Mid Cap screen at #6 of 10. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 3-month return of 1.93%, a 6-month return of 13.32%, a 9-month return of 6.23%, a 1-year return of 8.71%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by ITI Mutual Fund, one of the asset management companies offering Mid Cap funds in India.

#7

Axis Midcap Fund - Regular Plan - Growth

Axis Mutual Fund

3M:1.75%6M:12.50%9M:7.93%1Y:5.22%

Axis Midcap Fund - Regular Plan - Growth from Axis Mutual Fund is included on this Mid Cap screen at #7 of 10. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 3-month return of 1.75%, a 6-month return of 12.50%, a 9-month return of 7.93%, a 1-year return of 5.22%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Axis Mutual Fund, one of the asset management companies offering Mid Cap funds in India.

#8

Aditya Birla Sun Life MIDCAP Fund-Growth

Aditya Birla Sun Life Mutual Fund

3M:1.58%6M:14.07%9M:5.36%1Y:5.53%

Aditya Birla Sun Life MIDCAP Fund-Growth from Aditya Birla Sun Life Mutual Fund is included on this Mid Cap screen at #8 of 10. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 3-month return of 1.58%, a 6-month return of 14.07%, a 9-month return of 5.36%, a 1-year return of 5.53%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by Aditya Birla Sun Life Mutual Fund, one of the asset management companies offering Mid Cap funds in India.

#9

ICICI Prudential Mid Cap Fund - Growth

ICICI Prudential Mutual Fund

3M:-0.42%6M:11.55%9M:10.20%1Y:12.84%

ICICI Prudential Mid Cap Fund - Growth from ICICI Prudential Mutual Fund is included on this Mid Cap screen at #9 of 10. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 3-month return of -0.42%, a 6-month return of 11.55%, a 9-month return of 10.20%, a 1-year return of 12.84%.

Recent performance is broadly in line with the fund's longer-term average, indicating a stable return profile rather than an episodic spike. That kind of consistency is often rewarded on momentum screens when it persists.

The scheme is managed by ICICI Prudential Mutual Fund, one of the asset management companies offering Mid Cap funds in India.

#10

UTI Mid Cap Fund-Growth Option

UTI Mutual Fund

3M:1.76%6M:11.20%9M:3.64%1Y:2.09%

UTI Mid Cap Fund-Growth Option from UTI Mutual Fund is included on this Mid Cap screen at #10 of 10. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 3-month return of 1.76%, a 6-month return of 11.20%, a 9-month return of 3.64%, a 1-year return of 2.09%.

The fund's recent 1-year return is well below its 5-year average — a pattern that sometimes precedes mean reversion and sometimes signals a genuine shift in strategy. The distinguishing factor is usually whether the fund's portfolio composition has changed materially.

The scheme is managed by UTI Mutual Fund, one of the asset management companies offering Mid Cap funds in India.

How Are These Mid Cap Funds Ranked?

Funds are ranked using a composite of 3-month (40%), 6-month (30%), 9-month (20%) and 1-year (10%) percentile performance within their category. Rankings are a research aid and not investment advice.

Who Should Consider This Category?

  • →Investors whose risk profile and time horizon align with the Mid Cap mandate.
  • →Investors looking for professionally managed exposure rather than picking individual securities.
  • →Investors comfortable with the volatility typical of this category and able to stay invested through cycles.
  • →Advisors and researchers using this page as a starting point before deeper due diligence.

Factors to Consider Before Investing

Four signals worth checking before you commit.

Track Record

Look at consistency across 1-year, 3-year and 5-year windows. A single strong year rarely tells the whole story — the longer the history, the more reliable the signal.

Expense Ratio

Small differences in expense ratio compound meaningfully over long horizons. Compare funds within the same plan type (Direct vs Regular) before judging.

Fund Manager Tenure

A change in fund manager can change investment style. Confirm the current manager has been in place for a meaningful portion of the track record you're relying on.

Portfolio Overlap

If you already hold funds in adjacent categories, check for overlap. Holding three funds that own the same 40 stocks doesn't diversify anything.

Why Multi-Period Ranking Matters

A single strong year is not a track record. Markets rotate. A fund that dominates one calendar year can lag the next. Ranking on a single window rewards funds that happen to be positioned well for a specific stretch — not funds that compound reliably.

Percentile within category, not raw percentage. Comparing an 18% return in Large Cap to an 18% return in Small Cap makes no sense — different risk, different universe. On this page, every fund is scored against its direct peers, in the same category, on the same period. Only then are the numbers combined.

Longer horizons carry more weight. For the long-term ranking (Best), 5-year performance is weighted at 45%, 3-year at 35%, 1-year at 20%. This structure is designed to favour funds that have delivered over full market cycles rather than over the last twelve months.

💡 Pro Tip: Use the Returns page to see the raw numbers, the Top page for recent momentum, and the Best page for a longer-horizon ranking. Different questions need different views.

Three Views — One Category

Each page type answers a different question about the same funds.

Page TypeQuestion AnsweredPeriods UsedBest For
BestStrongest sustained performance1Y (20%), 3Y (35%), 5Y (45%)Long-term investors
TopRecent momentum within category3M (40%), 6M (30%), 9M (20%), 1Y (10%)Short-to-medium horizon
ReturnsWhat returns were actually deliveredAll six periods, no rankingSide-by-side comparison

Data Sources

  • →NAV history sourced from AMFI data feeds.
  • →Trailing returns computed from adjusted NAV, accounting for dividends and splits.
  • →Rankings recalculated nightly. Page regenerated automatically.
  • →Every fund on this page is only ever compared to funds in the same SEBI category.

What Makes This Different

  • Multi-period composite — not a single-window ranking.
  • Percentile-based scoring so categories are compared fairly.
  • Explicit methodology — weights published, no black box.
  • Daily refresh — the page is regenerated from scratch each night.
⚡ Rankings are a research aid — always do your own due diligence.

Frequently Asked Questions

How are these Mid Cap funds ranked?

Funds are ranked using a composite of 3-month (40%), 6-month (30%), 9-month (20%) and 1-year (10%) percentile performance within their category. Rankings are a research aid and not investment advice.

How often is this page updated?

Underlying fund data is refreshed nightly. The page is regenerated automatically after each refresh, and the "Last updated" date at the top of this page reflects the most recent generation. You are always seeing the latest snapshot.

Is this investment advice?

No. Rankings on this page are a research aid only. They do not constitute investment advice or a recommendation to buy or sell any scheme. Read the Scheme Information Document and consult a SEBI-registered adviser before investing.

Why isn't every Mid Cap fund listed here?

This page shows the top 10 funds in the category based on the ranking methodology above. The full universe of Mid Cap schemes is larger — this snapshot is designed to surface the strongest candidates for further research, not to be an exhaustive directory.

What's the difference between Best, Top, and Returns pages?

Best ranks by long-term composite performance (weighted toward 3Y and 5Y). Top ranks by recent momentum (weighted toward 3M, 6M and 9M). Returns shows raw numbers across all six periods with no composite ranking, so you can compare funds on whatever metric you care about.

How do I use these rankings in a client conversation?

Treat them as a starting point. Use the Returns page to show the raw numbers, the Best page to explain why a longer horizon matters, and the Top page when discussing recent momentum. Rankings are most useful when paired with a conversation about the client's time horizon, existing portfolio, and risk profile.

Disclaimer: Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. The rankings on this page are based on historical return data and are provided for research purposes only. They do not constitute investment advice or a recommendation to buy or sell any scheme.