Midcap mutual funds (MFs) are funds that primarily invest in midcap companies’ stocks. These midcap companies’ market capitalisation is between Rs 5,000 crore and Rs 20,000 crore. These companies potentially grow faster than largecap companies, which means midcap companies can provide better returns. However, they can be more volatile when the market is down.
Midcap companies have better scope for growth, expand businesses, earn more revenues, and gain market share in comparison with already established largecap companies. However, the higher growth potential comes with higher risk and volatility. Therefore, in volatile market conditions, midcap companies can be more affected.
This article will talk about the top seven midcap mutual funds based on their five-year performance. We will also check which fund has given the highest return on a Rs 11,000 monthly SIP in five years.
HSBC Midcap Fund
First comes HSBC Midcap Fund. The market cap of the fund is Rs 15,578 crore, and the NAV was Rs 470.12 as of August 11, 2026. The fund has delivered an annualised return of 21.84 per cent over the past five years.
Total SIP investment: Rs 6,60,000
Maturity value: Rs 12,00,705
Invesco India Mid Cap Fund
Next fund on the list is Invesco India Mid Cap Fund. It is a Rs 14,721 crore fund. The fund has given an annualised return of 21.7 per cent and its NAV was Rs 199.97 as of August 11, 2026.
Total SIP investment: Rs 6,60,000
Maturity value: Rs 11,95,791
ICICI Prudential Midcap Fund
The third fund on the list is ICICI Prudential Midcap Fund. It is a Rs 7,954 crore fund. The fund has given an annualised return of 19.7 per cent and its NAV was Rs 346.04 as of August 11, 2026.
Total SIP investment: Rs 6,60,000
Maturity value: Rs 11,28,147
HDFC Mid Cap Fund
The next fund on the list is HDFC Mid Cap Fund. The market cap of the fund is Rs 1,05,143 crore, and the NAV was Rs 213.9 as of August 11, 2026. The fund has delivered an annualised return of 19.59 per cent over the past five years.
Total SIP investment: Rs 6,60,000
Maturity value: Rs 11,24,562
Nippon India Growth Mid Cap Fund
The fifth fund on the list is Nippon India Growth Mid Cap Fund. With a market capitalisation of Rs 50,751 crore, the fund has given an annualised return of 19.35 per cent over the past five years. The fund’s NAV was Rs 4,587.24 as of August 11, 2026.
Total SIP investment: Rs 6,60,000
Maturity value: Rs 11,16,787
Edelweiss Mid Cap Fund
The next fund on the list is Edelweiss Mid Cap Fund. The market cap of the fund is Rs 18,693 crore, and the NAV was Rs 109.85 as of August 11, 2026. The fund has delivered an annualised return of 19.07 per cent over the past five years.
Total SIP investment: Rs 6,60,000
Maturity value: Rs 11,07,797
Sundaram Mid Cap Fund
The last fund on the list is Sundaram Mid Cap Fund. It is a Rs 14,504 crore fund and has delivered an annualised return of 18.8 per cent over the past five years. The fund’s NAV was Rs 1,531.36 as of August 11, 2026.
Total SIP investment: Rs 6,60,000
Maturity value: Rs 10,99,211
Our calculations are projections and not investment advice. Do your own due diligence or consult an expert for financial planning.
