Business Business:Mid-cap mutual funds have been the favourite of many investors on Dalal Street. The reason behind the popularity of midcaps is their remarkable wealth-creation potential. Over the last 10 years, the Nifty Midcap 150 – Total Return Index (TRI) has delivered a return of 19.1% as of June 12, 2025.
As you know, mid-cap companies are smaller than largecaps but have the potential to become tomorrow’s largecap or bluechip.
If you choose the appropriate mid-cap mutual fund for your portfolio, it can prove to be a rewarding experience.
In this article, we will learn about the mid-cap mutual funds that have given the highest returns over the last 10 years based on SIP returns.
Talk to your investment advisor for further assistance before investing.
1 Motilal Oswal Midcap Fund
This scheme was launched in February 2014 and today has an asset under management (AUM) of Rs 304 billion (bn).
It invests in quality mid-cap companies that have long-term competitive advantages and growth potential. In line with this, the fund invests in quality companies for the long term and maintains a concentrated portfolio.
Currently, Motilal Oswal Midcap Fund has 26 stocks in its portfolio (as of May 2025) with the top-10 stocks accounting for 55.6%. Top holdings include names such as Coforge (10.1%), Persistent Systems (9.7%), and Kalyan Jewellers (8.0%).
2 Edelweiss Mid Cap Fund
This scheme was originally launched in December 2007 as a small and mid-cap fund, maintaining equal exposure to mid and small-cap stocks.
Following the regulator’s classification and rationalisation norms for mutual funds, it was reclassified as a mid-cap fund. Today it manages assets worth around Rs 100 billion. Edelweiss Mid Cap Fund primarily aims to identify strong and quality businesses in the mid-cap space.
This fund aims to identify stocks with good earnings growth potential, profitable products and services, and are driven by good management. It adopts a bottom-up approach to stock picking, which has the potential to multiply wealth in the long term.
The top 3 sectors are finance (14.4%), IT (11.2%) and healthcare (10.7%), which account for 40.3% of the portfolio.
3 Invesco India Midcap Fund
This scheme was launched in April 2007 and is a growth-oriented mid-cap fund that invests in high-quality midcap companies. It has an AUM of around Rs 66 billion as of May 2025.
Invesco India Mid Cap Fund follows a bottom-up and top-down approach to stock picking. While picking stocks, the fund managers look for stocks of companies with high-growth potential.
Currently, it has 46 such stocks in its portfolio, of which 66% are midcaps, about 19% are smallcaps, 13% are largecaps and 1% are other equities. The top 10 holdings comprise nearly 40% of the portfolio and include names such as BSE (6.1%), L&T Finance (4.3%), Prestige Estates (4.2%) etc. The top 3 sectors are finance (20.4%), healthcare (17.8%) and retail (9.1%)
