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HDFC Mid Cap Fund

Mid CapVery HighOPEN-ENDED
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NAV as on 9 Nov 2026
₹204.60+0.46%1 day
Return since launch
16.8%
52-week range
₹179.58 — ₹214.34
AUM
₹1,01,856 Cr

HDFC Mid Cap Fund is a Mid Cap equity fund from HDFC Mutual Fund with ₹1,01,856 Cr under management, launched in 2007. Over three years it has returned 7.8% a year, against 14.8% for its category. The expense ratio is 1.31% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y2.6%−1.0 pts3.6%3.6%
2Y5.8%−0.6 pts6.3%5.2%
3Y7.8%−7.0 pts14.8%6.6%
5Y15.9%+3.1 pts12.8%12.7%
7Y20.0%+2.7 pts17.3%16.2%
10Y18.1%+3.0 pts15.1%15.2%

Fund against category

1Y
Fund2.6%
Category3.6%
3Y
Fund7.8%
Category14.8%
5Y
Fund15.9%
Category12.8%

Since launch (7 May 2007): 16.8%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20256.8%+3.8 pts3.1%
202428.4%−2.0 pts30.3%
202344.5%+5.8 pts38.7%
202212.3%+8.5 pts3.8%
202139.9%−5.9 pts45.8%
202021.7%−3.8 pts25.5%

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 4 Nov 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.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha2.135.01Return earned above what the benchmark alone would have given. Higher is better.
Beta0.851.00How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.600.72Return earned for each unit of total risk taken. Higher is better.
Sortino0.740.96Return earned for each unit of downside risk. Higher is better.
Std. deviation16.0819.25How 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 30 Sep 2026

Asset allocation

  • Equity91.7%
  • Other8.3%

Market cap split

  • Large11.3%
  • Mid69.9%
  • Small18.8%
P/E
27.19
P/B
3.27

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
OthersOthers8.29%₹8,417 Cr-0.34%-0.10%-0.14%
The Federal Bank Ltd.Financial3.98%₹4,057 Cr+4.18%+3.88%+2.91%
AU Small Finance Bank Ltd.Financial3.94%₹4,015 Cr+4.08%+3.88%+3.16%
Max Financial Services Ltd.Financial3.52%₹3,587 Cr+4.10%+4.50%+4.76%
Ipca Laboratories Ltd.Healthcare3.43%₹3,496 Cr+3.05%+3.38%+2.80%
Glenmark Pharmaceuticals Ltd.Healthcare3.07%₹3,130 Cr+2.93%+3.20%+2.87%
Balkrishna Industries Ltd.Automobile2.98%₹3,036 Cr+3.10%+3.29%+3.54%
Indian BankFinancial2.92%₹2,970 Cr+2.98%+3.65%+3.26%
Coforge Ltd.Technology2.68%₹2,732 Cr+2.27%+2.04%+2.93%
Fortis Healthcare Ltd.Healthcare2.40%₹2,441 Cr+3.07%+2.93%+3.18%

Sectors

  • Financial22.7%
  • Healthcare15.4%
  • Automobile8.9%
  • Others8.3%
  • Services8.0%
  • Consumer Staples7.3%
  • Technology7.2%
  • Capital Goods6.3%

Instruments

  • Repo8.4%

Recent changes

HoldingFromToWeight
PB Fintech Ltd.1.69%1.07%-0.62%
Fortis Healthcare Ltd.2.69%2.40%-0.29%
Max Financial Services Ltd.3.79%3.52%-0.27%
Others0.16%-0.08%-0.24%
The Federal Bank Ltd.4.21%3.98%-0.23%
Redington Ltd.0.91%1.10%+0.19%
Dabur India Ltd.1.47%1.66%+0.19%
Coforge Ltd.2.86%2.68%-0.18%
Mahindra & Mahindra Financial Services Ltd.2.28%2.11%-0.17%
Godrej Consumer Products Ltd.0.82%0.98%+0.16%
Indian Bank3.06%2.92%-0.14%
Ipca Laboratories Ltd.3.30%3.43%+0.13%
Alkem Laboratories Ltd.1.61%1.72%+0.11%
Coromandel International Ltd.1.08%1.19%+0.11%
Gland Pharma Ltd.1.62%1.73%+0.11%
Cummins India Ltd.1.92%1.82%-0.10%
Marico Ltd.2.29%2.37%+0.08%
ICICI Lombard General Insurance Company Ltd.0.87%0.95%+0.08%
Indusind Bank Ltd.1.11%1.04%-0.07%
Emami Ltd.0.10%0.03%-0.07%
Aurobindo Pharma Ltd.2.12%2.19%+0.07%
Vishal Mega Mart Ltd.2.31%2.24%-0.07%
Aster DM Quality Care Ltd.0.84%0.90%+0.06%
Delhivery Ltd.1.33%1.27%-0.06%
Havells India Ltd.0.90%0.84%-0.06%
Mphasis Ltd.1.61%1.55%-0.06%
Union Bank of India1.57%1.51%-0.06%
Sona BLW Precision Forgings Ltd.0.76%0.82%+0.06%
Eternal Ltd.1.30%1.35%+0.05%
The Indian Hotels Company Ltd.0.96%1.01%+0.05%
Dixon Technologies (India) Ltd.0.71%0.66%-0.05%
AIA Engineering Ltd.1.33%1.29%-0.04%
AU Small Finance Bank Ltd.3.98%3.94%-0.04%
Apollo Tyres Ltd.1.70%1.66%-0.04%
Balkrishna Industries Ltd.3.02%2.98%-0.04%
Crompton Greaves Consumer Electricals Ltd.0.63%0.59%-0.04%
Hindustan Petroleum Corporation Ltd.2.05%2.09%+0.04%
Nippon Life India Asset Management Ltd.1.08%1.04%-0.04%
Tata Communications Ltd.1.77%1.81%+0.04%
KNR Constructions Ltd.0.05%0.01%-0.04%
Bharat Forge Ltd.1.25%1.22%-0.03%
City Union Bank Ltd.0.71%0.74%+0.03%
Oracle Financial Services Software Ltd.0.39%0.36%-0.03%
Timken India Ltd.0.57%0.60%+0.03%
United Spirits Ltd.1.93%1.90%-0.03%
Vardhman Textiles Ltd.0.33%0.30%-0.03%
Vesuvius India Ltd.0.27%0.30%+0.03%
Escorts Kubota Ltd.0.82%0.79%-0.03%
Hexaware Technologies Ltd.0.76%0.78%+0.02%
Indraprastha Gas Ltd.0.71%0.73%+0.02%
Supreme Industries Ltd.0.54%0.56%+0.02%
Greenpanel Industries Ltd.0.04%0.02%-0.02%
Jindal Steel Ltd.1.62%1.64%+0.02%
Aarti Industries Ltd.0.37%0.36%-0.01%
Arvind Ltd.0.42%0.43%+0.01%
CIE Automotive India Ltd.0.26%0.27%+0.01%
Colgate-Palmolive (India) Ltd.0.19%0.18%-0.01%
Dhanuka Agritech Ltd.0.09%0.10%+0.01%
Five-Star Business Finance Ltd.0.19%0.20%+0.01%
Greenlam Industries Ltd.0.14%0.13%-0.01%
Greenply Industries Ltd.0.15%0.16%+0.01%
KEC International Ltd.0.31%0.30%-0.01%
Karur Vysya Bank Ltd.1.26%1.25%-0.01%
LG Electronics India Ltd.0.16%0.17%+0.01%
Navneet Education Ltd.0.17%0.16%-0.01%
SKF India (Industrial) Ltd.0.65%0.64%-0.01%
Sundram Fasteners Ltd.0.80%0.81%+0.01%
Jagran Prakashan Ltd.0.02%0.03%+0.01%
Symphony Ltd.0.20%0.21%+0.01%
SKF India Ltd.0.34%0.35%+0.01%
ACC Ltd.0.56%0.56%0.00%
Bharti Hexacom Ltd.0.19%0.19%0.00%
Billionbrains Garage Ventures Ltd.0.18%0.18%0.00%
Bosch Ltd.1.44%1.44%0.00%
Cholamandalam Financial Holdings Ltd.0.31%0.31%0.00%
Glenmark Pharmaceuticals Ltd.3.07%3.07%0.00%
Gujarat Fluorochemicals Ltd.0.60%0.60%0.00%
Persistent Systems Ltd.1.78%1.78%0.00%
Petronet LNG Ltd.0.36%0.36%0.00%
Star Health and Allied Insurance Company Ltd.1.08%1.08%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹13,591 Cr1.99%9.0%12.0%17.5%
Edelweiss Mid Cap Fund₹19,230 Cr1.87%3.2%8.7%15.9%
HSBC Midcap Fund₹16,800 Cr2.15%15.2%14.1%19.0%
Invesco India Mid Cap Fund₹15,832 Cr1.85%12.4%14.1%19.3%
WhiteOak Capital Mid Cap Fund₹8,400 Cr2.25%11.2%12.7%—
ICICI Prudential Mid Cap Fund₹7,695 Cr1.83%2.9%10.3%15.9%
See all Mid Cap funds

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.
Scheme information document

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 pastTotal investmentWould’ve becomeGrowthReturns
6 months2.36% absolute₹60,000₹61,4162.36%
1 year1.56% annualised₹1,20,000₹1,21,0190.85%
3 years15.17% annualised₹3,60,000₹4,58,06427.24%
5 years16.45% annualised₹6,00,000₹9,34,33955.72%

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.

What is the NAV of HDFC Mid Cap Fund?
The NAV of HDFC Mid Cap Fund is ₹204.60 as on 9 Nov 2026.
What is the expense ratio of HDFC Mid Cap Fund?
The expense ratio of HDFC Mid Cap Fund is 1.31% per year.
What is the minimum SIP amount for HDFC Mid Cap Fund?
You can start a SIP in HDFC Mid Cap Fund with ₹3,000 a month.
What returns has HDFC Mid Cap Fund given?
HDFC Mid Cap Fund has returned 2.6% over 1 year, 7.8% over 3 years and 15.9% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Mid Cap Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 1 year..
How risky is HDFC Mid Cap Fund?
HDFC Mid Cap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages HDFC Mid Cap Fund?
HDFC Mid Cap Fund is managed by HDFC Mutual Fund, which runs 86 schemes with ₹9,96,954 Cr under management.