HDFC Mid Cap Fund
- 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
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 +1.4% against +1.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.6% | −1.0 pts | 3.6% | 3.6% |
| 2Y | 5.8% | −0.6 pts | 6.3% | 5.2% |
| 3Y | 7.8% | −7.0 pts | 14.8% | 6.6% |
| 5Y | 15.9% | +3.1 pts | 12.8% | 12.7% |
| 7Y | 20.0% | +2.7 pts | 17.3% | 16.2% |
| 10Y | 18.1% | +3.0 pts | 15.1% | 15.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 3.5% | +0.7 pts | 2.8% | 2.5% |
| 3M | -4.2% | −0.9 pts | -3.4% | -4.2% |
| 6M | 2.4% | 0.0 pts | 2.3% | 0.9% |
| 1Y | 1.6% | −2.0 pts | 3.6% | 2.1% |
| 2Y | 4.9% | +1.1 pts | 3.9% | 3.4% |
| 3Y | 15.2% | +0.4 pts | 14.8% | 13.6% |
| 5Y | 16.4% | +3.7 pts | 12.8% | 11.9% |
| 7Y | 21.5% | +2.2 pts | 19.3% | 17.8% |
| 10Y | 16.2% | +1.1 pts | 15.1% | 13.8% |
Since launch (7 May 2007): 16.8%
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 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.
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 | 2.13 | 5.01 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.85 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.60 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.74 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.08 | 19.25 | 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 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
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.29% | ₹8,417 Cr | -0.34% | -0.10% | -0.14% |
| The Federal Bank Ltd. | Financial | 3.98% | ₹4,057 Cr | +4.18% | +3.88% | +2.91% |
| AU Small Finance Bank Ltd. | Financial | 3.94% | ₹4,015 Cr | +4.08% | +3.88% | +3.16% |
| Max Financial Services Ltd. | Financial | 3.52% | ₹3,587 Cr | +4.10% | +4.50% | +4.76% |
| Ipca Laboratories Ltd. | Healthcare | 3.43% | ₹3,496 Cr | +3.05% | +3.38% | +2.80% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 3.07% | ₹3,130 Cr | +2.93% | +3.20% | +2.87% |
| Balkrishna Industries Ltd. | Automobile | 2.98% | ₹3,036 Cr | +3.10% | +3.29% | +3.54% |
| Indian Bank | Financial | 2.92% | ₹2,970 Cr | +2.98% | +3.65% | +3.26% |
| Coforge Ltd. | Technology | 2.68% | ₹2,732 Cr | +2.27% | +2.04% | +2.93% |
| Fortis Healthcare Ltd. | Healthcare | 2.40% | ₹2,441 Cr | +3.07% | +2.93% | +3.18% |
| Marico Ltd. | Consumer Staples | 2.37% | ₹2,411 Cr | +2.51% | +2.59% | +2.18% |
| Vishal Mega Mart Ltd. | Services | 2.24% | ₹2,284 Cr | +2.64% | +2.71% | +2.65% |
| Aurobindo Pharma Ltd. | Healthcare | 2.19% | ₹2,231 Cr | +2.09% | +2.04% | +1.70% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 2.11% | ₹2,148 Cr | +2.07% | +2.08% | +2.01% |
| Hindustan Petroleum Corporation Ltd. | Energy | 2.09% | ₹2,131 Cr | +2.27% | +2.18% | +2.90% |
| United Spirits Ltd. | Consumer Staples | 1.90% | ₹1,939 Cr | +1.60% | +1.23% | +0.62% |
| Cummins India Ltd. | Capital Goods | 1.82% | ₹1,856 Cr | +2.52% | +2.37% | +2.06% |
| Tata Communications Ltd. | Communication | 1.81% | ₹1,846 Cr | +2.18% | +1.76% | +2.12% |
| Persistent Systems Ltd. | Technology | 1.78% | ₹1,815 Cr | +1.44% | +1.91% | +1.90% |
| Gland Pharma Ltd. | Healthcare | 1.73% | ₹1,759 Cr | +1.56% | +1.26% | +1.38% |
| Alkem Laboratories Ltd. | Healthcare | 1.72% | ₹1,750 Cr | +1.75% | +1.84% | +0.62% |
| Apollo Tyres Ltd. | Automobile | 1.66% | ₹1,695 Cr | +1.79% | +2.02% | +2.33% |
| Dabur India Ltd. | Consumer Staples | 1.66% | ₹1,695 Cr | +1.56% | +1.48% | +1.40% |
| Jindal Steel Ltd. | Metals & Mining | 1.64% | ₹1,668 Cr | +1.55% | +1.92% | +1.92% |
| Mphasis Ltd. | Technology | 1.55% | ₹1,579 Cr | +1.46% | +1.37% | +1.31% |
| Union Bank of India | Financial | 1.51% | ₹1,539 Cr | +1.54% | +1.86% | +1.58% |
| Bosch Ltd. | Automobile | 1.44% | ₹1,471 Cr | +1.24% | +1.25% | +1.62% |
| Eternal Ltd. | Services | 1.35% | ₹1,374 Cr | +1.05% | +1.07% | +1.38% |
| AIA Engineering Ltd. | Metals & Mining | 1.29% | ₹1,313 Cr | +1.68% | +1.42% | +1.27% |
| Delhivery Ltd. | Services | 1.27% | ₹1,292 Cr | +1.48% | +1.54% | +1.61% |
| Karur Vysya Bank Ltd. | Financial | 1.25% | ₹1,273 Cr | +1.17% | +1.35% | +0.99% |
| Bharat Forge Ltd. | Automobile | 1.22% | ₹1,240 Cr | +1.37% | +1.26% | +0.92% |
| Coromandel International Ltd. | Chemicals | 1.19% | ₹1,209 Cr | +1.06% | +1.10% | +1.11% |
| Redington Ltd. | Services | 1.10% | ₹1,123 Cr | +0.78% | +0.83% | +1.18% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 1.08% | ₹1,102 Cr | +1.20% | +1.10% | +1.08% |
| PB Fintech Ltd. | Services | 1.07% | ₹1,094 Cr | +1.53% | +1.19% | +1.43% |
| Indusind Bank Ltd. | Financial | 1.04% | ₹1,064 Cr | +0.99% | +0.81% | +0.80% |
| Nippon Life India Asset Management Ltd. | Financial | 1.04% | ₹1,063 Cr | +1.14% | +0.93% | +1.02% |
| The Indian Hotels Company Ltd. | Services | 1.01% | ₹1,028 Cr | +1.00% | +0.94% | +1.43% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.98% | ₹995 Cr | +0.83% | +0.83% | +0.80% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.95% | ₹969 Cr | +0.45% | +0.26% | +0.29% |
| Aster DM Quality Care Ltd. | Healthcare | 0.90% | ₹915 Cr | +0.39% | +0.13% | — |
| Havells India Ltd. | Capital Goods | 0.84% | ₹858 Cr | — | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.82% | ₹835 Cr | +0.62% | +0.57% | +0.38% |
| Sundram Fasteners Ltd. | Capital Goods | 0.81% | ₹822 Cr | +0.67% | +0.63% | +0.85% |
| Escorts Kubota Ltd. | Automobile | 0.79% | ₹807 Cr | +0.84% | +0.81% | +0.92% |
| Hexaware Technologies Ltd. | Technology | 0.78% | ₹793 Cr | +0.76% | +0.74% | +1.17% |
| City Union Bank Ltd. | Financial | 0.74% | ₹754 Cr | +0.69% | +0.72% | +0.66% |
| Indraprastha Gas Ltd. | Energy | 0.73% | ₹745 Cr | +0.84% | +0.87% | +1.24% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.66% | ₹674 Cr | +0.61% | +0.58% | +0.99% |
| SKF India (Industrial) Ltd. | Capital Goods | 0.64% | ₹651 Cr | +0.67% | +0.57% | — |
| Gujarat Fluorochemicals Ltd. | Chemicals | 0.60% | ₹611 Cr | +0.54% | +0.49% | +0.61% |
| Timken India Ltd. | Capital Goods | 0.60% | ₹613 Cr | +0.76% | +0.83% | +0.76% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.59% | ₹600 Cr | +0.78% | +0.75% | +0.99% |
| ACC Ltd. | Materials | 0.56% | ₹571 Cr | +0.62% | +0.70% | +1.02% |
| Supreme Industries Ltd. | Materials | 0.56% | ₹572 Cr | +0.52% | +0.73% | +0.82% |
| Arvind Ltd. | Textiles | 0.43% | ₹440 Cr | +0.47% | +0.32% | +0.29% |
| Aarti Industries Ltd. | Chemicals | 0.36% | ₹368 Cr | +0.35% | +0.36% | +0.34% |
| Oracle Financial Services Software Ltd. | Technology | 0.36% | ₹362 Cr | +0.36% | +0.27% | +0.34% |
| Petronet LNG Ltd. | Energy | 0.36% | ₹370 Cr | — | — | — |
| SKF India Ltd. | Capital Goods | 0.35% | ₹355 Cr | +0.39% | +0.39% | +1.31% |
| Cholamandalam Financial Holdings Ltd. | Financial | 0.31% | ₹314 Cr | +0.37% | +0.36% | +0.50% |
| KEC International Ltd. | Capital Goods | 0.30% | ₹303 Cr | +0.47% | +0.54% | +0.93% |
| Vardhman Textiles Ltd. | Textiles | 0.30% | ₹307 Cr | +0.39% | +0.45% | +0.35% |
| Vesuvius India Ltd. | Capital Goods | 0.30% | ₹306 Cr | +0.33% | +0.37% | +0.44% |
| CIE Automotive India Ltd. | Metals & Mining | 0.27% | ₹278 Cr | — | — | — |
| Symphony Ltd. | Consumer Discretionary | 0.21% | ₹216 Cr | +0.25% | +0.30% | +0.40% |
| Five-Star Business Finance Ltd. | Financial | 0.20% | ₹199 Cr | +0.19% | +0.16% | +0.24% |
| Bharti Hexacom Ltd. | Communication | 0.19% | ₹195 Cr | +0.20% | +0.24% | +0.27% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.18% | ₹187 Cr | +0.20% | +0.18% | — |
| Colgate-Palmolive (India) Ltd. | Consumer Staples | 0.18% | ₹187 Cr | +0.16% | +0.17% | +0.21% |
| LG Electronics India Ltd. | Consumer Discretionary | 0.17% | ₹173 Cr | +0.15% | +0.17% | — |
| Greenply Industries Ltd. | Materials | 0.16% | ₹163 Cr | +0.16% | +0.11% | +0.19% |
| Navneet Education Ltd. | Consumer Staples | 0.16% | ₹163 Cr | +0.22% | +0.23% | +0.28% |
| Greenlam Industries Ltd. | Materials | 0.13% | ₹130 Cr | +0.16% | +0.26% | +0.42% |
| Dhanuka Agritech Ltd. | Chemicals | 0.10% | ₹97.11 Cr | +0.11% | +0.11% | +0.19% |
| Emami Ltd. | Consumer Staples | 0.03% | ₹34.53 Cr | +0.30% | +0.34% | +0.47% |
| Jagran Prakashan Ltd. | Consumer Staples | 0.03% | ₹25.62 Cr | +0.04% | +0.05% | +0.06% |
| Greenpanel Industries Ltd. | Materials | 0.02% | ₹16.03 Cr | +0.08% | +0.09% | +0.16% |
| KNR Constructions Ltd. | Construction | 0.01% | ₹5.93 Cr | +0.14% | +0.14% | +0.42% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| 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% |
| Others | 0.16% | -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 Bank | 3.06% | 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 India | 1.57% | 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.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹13,591 Cr | 1.99% | 9.0% | 12.0% | 17.5% |
| ₹19,230 Cr | 1.87% | 3.2% | 8.7% | 15.9% | |
| ₹16,800 Cr | 2.15% | 15.2% | 14.1% | 19.0% | |
| ₹15,832 Cr | 1.85% | 12.4% | 14.1% | 19.3% | |
| ₹8,400 Cr | 2.25% | 11.2% | 12.7% | — | |
| ₹7,695 Cr | 1.83% | 2.9% | 10.3% | 15.9% |
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 months2.36% absolute | ₹60,000 | ₹61,416 | 2.36% | |
| 1 year1.56% annualised | ₹1,20,000 | ₹1,21,019 | 0.85% | |
| 3 years15.17% annualised | ₹3,60,000 | ₹4,58,064 | 27.24% | |
| 5 years16.45% annualised | ₹6,00,000 | ₹9,34,339 | 55.72% |
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.