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HDFC Mid Cap Fund

Mid CapVery HighOPEN-ENDED
Invest Now
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

Returns

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

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y3.2%−3.2 pts6.4%6.0%
2Y6.1%−1.0 pts7.2%6.3%
3Y9.3%−6.5 pts15.7%8.5%
5Y17.1%+3.0 pts14.1%14.1%
7Y21.1%+2.6 pts18.5%17.4%
10Y18.6%+3.5 pts15.1%15.8%

Fund against category

1Y
Fund3.2%
Category6.4%
3Y
Fund9.3%
Category15.7%
5Y
Fund17.1%
Category14.1%

Since launch (7 May 2007): 17.0%

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 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.

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
Alpha2.575.13Return earned above what the benchmark alone would have given. Higher is better.
Beta0.840.99How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.810.91Return earned for each unit of total risk taken. Higher is better.
Sortino0.971.17Return earned for each unit of downside risk. Higher is better.
Std. deviation15.3318.53How 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

HoldingSectorWeightValue3M chg6M chg1Y chg
OthersOthers7.07%₹7,662 Cr-0.32%-0.94%-0.18%
The Federal Bank Ltd.Financial4.21%₹4,560 Cr+3.79%+4.07%+2.95%
AU Small Finance Bank Ltd.Financial3.98%₹4,316 Cr+4.01%+4.00%+3.04%
Max Financial Services Ltd.Financial3.79%₹4,108 Cr+4.49%+4.96%+4.94%
Ipca Laboratories Ltd.Healthcare3.30%₹3,576 Cr+2.83%+2.92%+2.94%
Glenmark Pharmaceuticals Ltd.Healthcare3.07%₹3,325 Cr+3.13%+2.91%+2.87%
Indian BankFinancial3.06%₹3,312 Cr+3.15%+3.87%+2.90%
Balkrishna Industries Ltd.Automobile3.02%₹3,269 Cr+3.25%+3.38%+3.59%
Coforge Ltd.Technology2.86%₹3,101 Cr+2.28%+1.97%+3.20%
Fortis Healthcare Ltd.Healthcare2.69%₹2,911 Cr+3.09%+3.09%+2.96%

Sectors

  • Financial23.7%
  • Healthcare15.3%
  • Automobile9.0%
  • Services8.5%
  • Technology7.4%
  • Others7.1%
  • Consumer Staples7.0%
  • Capital Goods6.5%

Instruments

  • Repo6.9%
  • Net Current Assets0.2%

Recent changes

HoldingFromToWeight
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%
Others0.02%0.16%+0.14%
Sundram Fasteners Ltd.0.67%0.80%+0.13%
Indian Bank2.93%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 India1.47%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.

FundAUMExpense1Y3Y5Y
Category average₹13,775 Cr2.01%12.6%14.3%19.1%
Edelweiss Mid Cap Fund₹19,891 Cr1.86%4.8%10.7%17.2%
HSBC Midcap Fund₹17,188 Cr2.21%21.7%17.0%20.7%
Invesco India Mid Cap Fund₹15,905 Cr1.88%13.6%15.9%20.4%
ICICI Prudential Mid Cap Fund₹8,403 Cr1.83%9.3%13.6%17.9%
WhiteOak Capital Mid Cap Fund₹7,485 Cr2.25%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.
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 months10.64% absolute₹60,000₹66,38410.64%
1 year7.08% annualised₹1,20,000₹1,24,7033.92%
3 years16.11% annualised₹3,60,000₹4,65,16529.21%
5 years17.56% annualised₹6,00,000₹9,64,35760.73%

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.

What is the NAV of HDFC Mid Cap Fund?
The NAV of HDFC Mid Cap Fund is ₹204.09 as on 25 Sep 2026.
What is the expense ratio of HDFC Mid Cap Fund?
The expense ratio of HDFC Mid Cap Fund is 1.30% 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 3.2% over 1 year, 9.1% over 3 years and 17.0% 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 85 schemes with ₹9,61,940 Cr under management.