HDFC Mid Cap Fund
- NAV as on 25 Sep 2026
- ₹204.09-0.20%1 day
- Return since launch
- 17.0%
- 52-week range
- ₹179.58 — ₹214.34
- AUM
- ₹1,08,325 Cr
HDFC Mid Cap Fund is a Mid Cap equity fund from HDFC Mutual Fund with ₹1,08,325 Cr under management, launched in 2007. Over three years it has returned 9.1% a year, against 15.6% for its category. The expense ratio is 1.30% and the SEBI riskometer reading is Very High.
Performance
HDFC Mid Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.7% against +5.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.2% | −3.2 pts | 6.4% | 6.0% |
| 2Y | 6.1% | −1.0 pts | 7.2% | 6.3% |
| 3Y | 9.3% | −6.5 pts | 15.7% | 8.5% |
| 5Y | 17.1% | +3.0 pts | 14.1% | 14.1% |
| 7Y | 21.1% | +2.6 pts | 18.5% | 17.4% |
| 10Y | 18.6% | +3.5 pts | 15.1% | 15.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.6% | −0.9 pts | -3.7% | -4.0% |
| 3M | -0.2% | −0.8 pts | 0.6% | -0.0% |
| 6M | 9.0% | −4.3 pts | 13.3% | 11.8% |
| 1Y | 5.7% | −0.7 pts | 6.4% | 5.2% |
| 2Y | 2.5% | +1.6 pts | 0.9% | 0.4% |
| 3Y | 16.1% | +0.4 pts | 15.7% | 14.5% |
| 5Y | 17.6% | +3.5 pts | 14.1% | 13.3% |
| 7Y | 21.6% | +1.8 pts | 19.7% | 18.2% |
| 10Y | 16.2% | +1.1 pts | 15.1% | 13.9% |
Since launch (7 May 2007): 17.0%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.8% | +3.8 pts | 3.1% |
| 2024 | 28.4% | −2.0 pts | 30.3% |
| 2023 | 44.5% | +5.8 pts | 38.7% |
| 2022 | 12.3% | +8.5 pts | 3.8% |
| 2021 | 39.9% | −5.9 pts | 45.8% |
| 2020 | 21.7% | −3.8 pts | 25.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.31%
Expense ratio as on 16 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.09%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.21%
- Exit load
- Exit load of 1% if redeemed within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Midcap 150 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 2.57 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.84 | 0.99 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.81 | 0.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.97 | 1.17 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.33 | 18.53 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Mid Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity92.9%
- Other7.1%
Market cap split
- Large11.3%
- Mid70.4%
- Small18.3%
- P/E
- 29.31
- P/B
- 3.51
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 7.07% | ₹7,662 Cr | -0.32% | -0.94% | -0.18% |
| The Federal Bank Ltd. | Financial | 4.21% | ₹4,560 Cr | +3.79% | +4.07% | +2.95% |
| AU Small Finance Bank Ltd. | Financial | 3.98% | ₹4,316 Cr | +4.01% | +4.00% | +3.04% |
| Max Financial Services Ltd. | Financial | 3.79% | ₹4,108 Cr | +4.49% | +4.96% | +4.94% |
| Ipca Laboratories Ltd. | Healthcare | 3.30% | ₹3,576 Cr | +2.83% | +2.92% | +2.94% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 3.07% | ₹3,325 Cr | +3.13% | +2.91% | +2.87% |
| Indian Bank | Financial | 3.06% | ₹3,312 Cr | +3.15% | +3.87% | +2.90% |
| Balkrishna Industries Ltd. | Automobile | 3.02% | ₹3,269 Cr | +3.25% | +3.38% | +3.59% |
| Coforge Ltd. | Technology | 2.86% | ₹3,101 Cr | +2.28% | +1.97% | +3.20% |
| Fortis Healthcare Ltd. | Healthcare | 2.69% | ₹2,911 Cr | +3.09% | +3.09% | +2.96% |
| Vishal Mega Mart Ltd. | Services | 2.31% | ₹2,502 Cr | +2.83% | +2.67% | +2.71% |
| Marico Ltd. | Consumer Staples | 2.29% | ₹2,482 Cr | +2.55% | +2.52% | +2.24% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 2.28% | ₹2,466 Cr | +1.99% | +2.46% | +1.89% |
| Aurobindo Pharma Ltd. | Healthcare | 2.12% | ₹2,291 Cr | +1.96% | +1.73% | +1.65% |
| Hindustan Petroleum Corporation Ltd. | Energy | 2.05% | ₹2,225 Cr | +2.25% | +2.58% | +2.51% |
| United Spirits Ltd. | Consumer Staples | 1.93% | ₹2,093 Cr | +1.42% | +1.27% | +0.58% |
| Cummins India Ltd. | Capital Goods | 1.92% | ₹2,080 Cr | +2.72% | +2.34% | +2.02% |
| Persistent Systems Ltd. | Technology | 1.78% | ₹1,923 Cr | +1.79% | +1.68% | +2.13% |
| Tata Communications Ltd. | Communication | 1.77% | ₹1,921 Cr | +2.25% | +1.89% | +2.08% |
| Apollo Tyres Ltd. | Automobile | 1.70% | ₹1,839 Cr | +1.70% | +2.02% | +2.33% |
| PB Fintech Ltd. | Services | 1.69% | ₹1,835 Cr | +1.59% | +1.12% | +1.52% |
| Gland Pharma Ltd. | Healthcare | 1.62% | ₹1,751 Cr | +1.46% | +1.22% | +1.32% |
| Jindal Steel Ltd. | Metals & Mining | 1.62% | ₹1,754 Cr | +1.82% | +1.94% | +1.74% |
| Alkem Laboratories Ltd. | Healthcare | 1.61% | ₹1,746 Cr | +1.79% | +1.69% | — |
| Mphasis Ltd. | Technology | 1.61% | ₹1,745 Cr | +1.57% | +1.30% | +1.40% |
| Union Bank of India | Financial | 1.57% | ₹1,697 Cr | +1.55% | +2.08% | +1.46% |
| Dabur India Ltd. | Consumer Staples | 1.47% | ₹1,597 Cr | +1.68% | +1.69% | +1.35% |
| Bosch Ltd. | Automobile | 1.44% | ₹1,561 Cr | +1.40% | +1.43% | +1.73% |
| AIA Engineering Ltd. | Metals & Mining | 1.33% | ₹1,445 Cr | +1.54% | +1.36% | +1.30% |
| Delhivery Ltd. | Services | 1.33% | ₹1,439 Cr | +1.47% | +1.45% | +1.71% |
| Eternal Ltd. | Services | 1.30% | ₹1,409 Cr | +1.03% | +0.94% | +1.36% |
| Karur Vysya Bank Ltd. | Financial | 1.26% | ₹1,363 Cr | +1.18% | +1.37% | +1.02% |
| Bharat Forge Ltd. | Automobile | 1.25% | ₹1,355 Cr | +1.29% | +1.31% | +0.86% |
| Indusind Bank Ltd. | Financial | 1.11% | ₹1,200 Cr | +1.01% | +0.94% | +0.82% |
| Coromandel International Ltd. | Chemicals | 1.08% | ₹1,172 Cr | +0.89% | +1.16% | +1.13% |
| Nippon Life India Asset Management Ltd. | Financial | 1.08% | ₹1,165 Cr | +1.12% | +0.98% | +0.94% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 1.08% | ₹1,170 Cr | +1.12% | +1.02% | +1.11% |
| The Indian Hotels Company Ltd. | Services | 0.96% | ₹1,041 Cr | +0.95% | +1.00% | +1.54% |
| Redington Ltd. | Services | 0.91% | ₹987 Cr | +0.65% | +1.06% | +1.03% |
| Havells India Ltd. | Capital Goods | 0.90% | ₹977 Cr | — | — | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.87% | ₹940 Cr | +0.24% | +0.27% | +0.29% |
| Aster DM Quality Care Ltd. | Healthcare | 0.84% | ₹907 Cr | +0.35% | +0.04% | — |
| Escorts Kubota Ltd. | Automobile | 0.82% | ₹890 Cr | +0.84% | +0.93% | +0.88% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.82% | ₹890 Cr | +0.84% | +0.93% | +0.78% |
| Sundram Fasteners Ltd. | Capital Goods | 0.80% | ₹868 Cr | +0.64% | +0.67% | +0.88% |
| Hexaware Technologies Ltd. | Technology | 0.76% | ₹828 Cr | +0.78% | +0.75% | +1.32% |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.76% | ₹818 Cr | +0.63% | +0.57% | +0.42% |
| City Union Bank Ltd. | Financial | 0.71% | ₹764 Cr | +0.66% | +0.78% | +0.61% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.71% | ₹764 Cr | +0.61% | +0.57% | +1.03% |
| Indraprastha Gas Ltd. | Energy | 0.71% | ₹770 Cr | +0.84% | +0.93% | +1.26% |
| SKF India (Industrial) Ltd. | Capital Goods | 0.65% | ₹702 Cr | +0.52% | +0.64% | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.63% | ₹679 Cr | +0.83% | +0.79% | +1.14% |
| Gujarat Fluorochemicals Ltd. | Chemicals | 0.60% | ₹651 Cr | +0.52% | +0.51% | +0.57% |
| Timken India Ltd. | Capital Goods | 0.57% | ₹616 Cr | +0.82% | +0.81% | +0.72% |
| ACC Ltd. | Materials | 0.56% | ₹606 Cr | +0.68% | +0.80% | +1.03% |
| Supreme Industries Ltd. | Materials | 0.54% | ₹590 Cr | +0.60% | +0.70% | +0.89% |
| Arvind Ltd. | Textiles | 0.42% | ₹453 Cr | +0.40% | +0.30% | +0.28% |
| Oracle Financial Services Software Ltd. | Technology | 0.39% | ₹427 Cr | +0.35% | +0.25% | +0.34% |
| Aarti Industries Ltd. | Chemicals | 0.37% | ₹405 Cr | +0.38% | +0.37% | +0.35% |
| Petronet LNG Ltd. | Energy | 0.36% | ₹391 Cr | — | — | — |
| SKF India Ltd. | Capital Goods | 0.34% | ₹366 Cr | +0.40% | +0.43% | +1.26% |
| Vardhman Textiles Ltd. | Textiles | 0.33% | ₹357 Cr | +0.37% | +0.42% | +0.37% |
| Cholamandalam Financial Holdings Ltd. | Financial | 0.31% | ₹336 Cr | +0.37% | +0.39% | +0.47% |
| KEC International Ltd. | Capital Goods | 0.31% | ₹335 Cr | +0.46% | +0.56% | +0.88% |
| Vesuvius India Ltd. | Capital Goods | 0.27% | ₹294 Cr | +0.35% | +0.39% | +0.45% |
| CIE Automotive India Ltd. | Metals & Mining | 0.26% | ₹282 Cr | — | — | — |
| Symphony Ltd. | Consumer Discretionary | 0.20% | ₹218 Cr | +0.27% | +0.31% | +0.42% |
| Bharti Hexacom Ltd. | Communication | 0.19% | ₹211 Cr | +0.21% | +0.23% | +0.29% |
| Colgate-Palmolive (India) Ltd. | Consumer Staples | 0.19% | ₹202 Cr | +0.17% | +0.19% | +0.23% |
| Five-Star Business Finance Ltd. | Financial | 0.19% | ₹207 Cr | +0.18% | +0.17% | +0.25% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.18% | ₹195 Cr | +0.19% | +0.18% | — |
| Navneet Education Ltd. | Consumer Staples | 0.17% | ₹179 Cr | +0.23% | +0.24% | +0.29% |
| LG Electronics India Ltd. | Consumer Discretionary | 0.16% | ₹171 Cr | +0.16% | +0.17% | — |
| Greenply Industries Ltd. | Materials | 0.15% | ₹158 Cr | +0.14% | +0.13% | +0.20% |
| Greenlam Industries Ltd. | Materials | 0.14% | ₹151 Cr | +0.17% | +0.31% | +0.43% |
| Emami Ltd. | Consumer Staples | 0.10% | ₹109 Cr | +0.30% | +0.36% | +0.51% |
| Dhanuka Agritech Ltd. | Chemicals | 0.09% | ₹100 Cr | +0.12% | +0.11% | +0.20% |
| KNR Constructions Ltd. | Construction | 0.05% | ₹53.56 Cr | +0.14% | +0.15% | +0.53% |
| Greenpanel Industries Ltd. | Materials | 0.04% | ₹48.54 Cr | +0.08% | +0.09% | +0.17% |
| Jagran Prakashan Ltd. | Consumer Staples | 0.02% | ₹25.88 Cr | +0.05% | +0.05% | +0.07% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Aster DM Quality Care Ltd. | 0.42% | 0.84% | +0.42% |
| Balkrishna Industries Ltd. | 3.37% | 3.02% | -0.35% |
| Coforge Ltd. | 2.56% | 2.86% | +0.30% |
| Ipca Laboratories Ltd. | 3.01% | 3.30% | +0.29% |
| Cummins India Ltd. | 2.19% | 1.92% | -0.27% |
| Fortis Healthcare Ltd. | 2.91% | 2.69% | -0.22% |
| Bosch Ltd. | 1.22% | 1.44% | +0.22% |
| Glenmark Pharmaceuticals Ltd. | 2.85% | 3.07% | +0.22% |
| Marico Ltd. | 2.51% | 2.29% | -0.22% |
| Hindustan Petroleum Corporation Ltd. | 2.26% | 2.05% | -0.21% |
| Havells India Ltd. | 0.70% | 0.90% | +0.20% |
| PB Fintech Ltd. | 1.49% | 1.69% | +0.20% |
| Gland Pharma Ltd. | 1.44% | 1.62% | +0.18% |
| Emami Ltd. | 0.28% | 0.10% | -0.18% |
| Petronet LNG Ltd. | 0.20% | 0.36% | +0.16% |
| Mahindra & Mahindra Financial Services Ltd. | 2.43% | 2.28% | -0.15% |
| The Federal Bank Ltd. | 4.36% | 4.21% | -0.15% |
| AIA Engineering Ltd. | 1.48% | 1.33% | -0.15% |
| Others | 0.02% | 0.16% | +0.14% |
| Sundram Fasteners Ltd. | 0.67% | 0.80% | +0.13% |
| Indian Bank | 2.93% | 3.06% | +0.13% |
| Alkem Laboratories Ltd. | 1.73% | 1.61% | -0.12% |
| Delhivery Ltd. | 1.45% | 1.33% | -0.12% |
| Aurobindo Pharma Ltd. | 2.01% | 2.12% | +0.11% |
| Bharat Forge Ltd. | 1.35% | 1.25% | -0.10% |
| Union Bank of India | 1.47% | 1.57% | +0.10% |
| Star Health and Allied Insurance Company Ltd. | 1.18% | 1.08% | -0.10% |
| Tata Communications Ltd. | 1.86% | 1.77% | -0.09% |
| KEC International Ltd. | 0.40% | 0.31% | -0.09% |
| Dabur India Ltd. | 1.55% | 1.47% | -0.08% |
| Jindal Steel Ltd. | 1.54% | 1.62% | +0.08% |
| Crompton Greaves Consumer Electricals Ltd. | 0.71% | 0.63% | -0.08% |
| Redington Ltd. | 0.84% | 0.91% | +0.07% |
| KNR Constructions Ltd. | 0.12% | 0.05% | -0.07% |
| Max Financial Services Ltd. | 3.72% | 3.79% | +0.07% |
| Eternal Ltd. | 1.24% | 1.30% | +0.06% |
| City Union Bank Ltd. | 0.65% | 0.71% | +0.06% |
| Escorts Kubota Ltd. | 0.87% | 0.82% | -0.05% |
| United Spirits Ltd. | 1.98% | 1.93% | -0.05% |
| ACC Ltd. | 0.61% | 0.56% | -0.05% |
| Hexaware Technologies Ltd. | 0.80% | 0.76% | -0.04% |
| ICICI Lombard General Insurance Company Ltd. | 0.83% | 0.87% | +0.04% |
| SKF India (Industrial) Ltd. | 0.61% | 0.65% | +0.04% |
| Greenpanel Industries Ltd. | 0.08% | 0.04% | -0.04% |
| Symphony Ltd. | 0.24% | 0.20% | -0.04% |
| Indraprastha Gas Ltd. | 0.74% | 0.71% | -0.03% |
| Oracle Financial Services Software Ltd. | 0.36% | 0.39% | +0.03% |
| Persistent Systems Ltd. | 1.81% | 1.78% | -0.03% |
| The Indian Hotels Company Ltd. | 0.99% | 0.96% | -0.03% |
| Vesuvius India Ltd. | 0.30% | 0.27% | -0.03% |
| Indusind Bank Ltd. | 1.14% | 1.11% | -0.03% |
| AU Small Finance Bank Ltd. | 3.96% | 3.98% | +0.02% |
| CIE Automotive India Ltd. | 0.28% | 0.26% | -0.02% |
| Cholamandalam Financial Holdings Ltd. | 0.33% | 0.31% | -0.02% |
| Dixon Technologies (India) Ltd. | 0.69% | 0.71% | +0.02% |
| Godrej Consumer Products Ltd. | 0.84% | 0.82% | -0.02% |
| Gujarat Fluorochemicals Ltd. | 0.58% | 0.60% | +0.02% |
| Karur Vysya Bank Ltd. | 1.28% | 1.26% | -0.02% |
| Mphasis Ltd. | 1.59% | 1.61% | +0.02% |
| Nippon Life India Asset Management Ltd. | 1.10% | 1.08% | -0.02% |
| Sona BLW Precision Forgings Ltd. | 0.74% | 0.76% | +0.02% |
| Bharti Hexacom Ltd. | 0.21% | 0.19% | -0.02% |
| Colgate-Palmolive (India) Ltd. | 0.21% | 0.19% | -0.02% |
| LG Electronics India Ltd. | 0.14% | 0.16% | +0.02% |
| Arvind Ltd. | 0.40% | 0.42% | +0.02% |
| Vardhman Textiles Ltd. | 0.35% | 0.33% | -0.02% |
| Vishal Mega Mart Ltd. | 2.30% | 2.31% | +0.01% |
| Aarti Industries Ltd. | 0.36% | 0.37% | +0.01% |
| Apollo Tyres Ltd. | 1.71% | 1.70% | -0.01% |
| Billionbrains Garage Ventures Ltd. | 0.19% | 0.18% | -0.01% |
| Coromandel International Ltd. | 1.09% | 1.08% | -0.01% |
| Dhanuka Agritech Ltd. | 0.10% | 0.09% | -0.01% |
| Five-Star Business Finance Ltd. | 0.20% | 0.19% | -0.01% |
| SKF India Ltd. | 0.33% | 0.34% | +0.01% |
| Supreme Industries Ltd. | 0.55% | 0.54% | -0.01% |
| Timken India Ltd. | 0.58% | 0.57% | -0.01% |
| Jagran Prakashan Ltd. | 0.03% | 0.02% | -0.01% |
| Greenlam Industries Ltd. | 0.15% | 0.14% | -0.01% |
| Navneet Education Ltd. | 0.18% | 0.17% | -0.01% |
| Greenply Industries Ltd. | 0.15% | 0.15% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹13,775 Cr | 2.01% | 12.6% | 14.3% | 19.1% |
| ₹19,891 Cr | 1.86% | 4.8% | 10.7% | 17.2% | |
| ₹17,188 Cr | 2.21% | 21.7% | 17.0% | 20.7% | |
| ₹15,905 Cr | 1.88% | 13.6% | 15.9% | 20.4% | |
| ₹8,403 Cr | 1.83% | 9.3% | 13.6% | 17.9% | |
| ₹7,485 Cr | 2.25% | 13.5% | 14.5% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies.
Fund managers
- Amar KalkundrikarMr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
- Chirag SetalvadMr. Setalvad is a B. Sc and MBA from University of North Carolina.Prior to joining HDFC AMC he has worked with New Vernon Advisory Services Ltd., HDFC AMC and ING Barings N.V.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months10.64% absolute | ₹60,000 | ₹66,384 | 10.64% | |
| 1 year7.08% annualised | ₹1,20,000 | ₹1,24,703 | 3.92% | |
| 3 years16.11% annualised | ₹3,60,000 | ₹4,65,165 | 29.21% | |
| 5 years17.56% annualised | ₹6,00,000 | ₹9,64,357 | 60.73% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.