SBI Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹231.75+0.55%1 day
- Return since launch
- 15.6%
- 52-week range
- ₹207.53 — ₹246.09
- AUM
- ₹22,277 Cr
SBI Midcap Fund is a Mid Cap equity fund from SBI Mutual Fund with ₹22,277 Cr under management, launched in 2005. Over three years it has returned 2.3% a year, against 14.8% for its category. The expense ratio is 1.82% and the SEBI riskometer reading is Very High.
Performance
SBI Midcap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.9% 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 | -1.6% | −5.2 pts | 3.6% | 3.6% |
| 2Y | 0.4% | −5.9 pts | 6.3% | 5.2% |
| 3Y | 2.3% | −12.5 pts | 14.8% | 6.6% |
| 5Y | 8.7% | −4.0 pts | 12.8% | 12.7% |
| 7Y | 14.7% | −2.7 pts | 17.3% | 16.2% |
| 10Y | 14.4% | −0.7 pts | 15.1% | 15.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.9% | −1.9 pts | 2.8% | 2.5% |
| 3M | -5.3% | −1.9 pts | -3.4% | -4.2% |
| 6M | -2.6% | −4.9 pts | 2.3% | 0.9% |
| 1Y | -0.5% | −4.0 pts | 3.6% | 2.1% |
| 2Y | -0.5% | −4.4 pts | 3.9% | 3.4% |
| 3Y | 8.9% | −5.9 pts | 14.8% | 13.6% |
| 5Y | 10.2% | −2.6 pts | 12.8% | 11.9% |
| 7Y | 18.7% | −0.6 pts | 19.3% | 17.8% |
| 10Y | 12.7% | −2.4 pts | 15.1% | 13.8% |
Since launch (21 Feb 2005): 15.6%
Calendar-year returns
Category average30.4%
52.2%
3.0%
34.4%
20.4%
0.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 0.4% | −2.7 pts | 3.1% |
| 2024 | 20.4% | −10.0 pts | 30.3% |
| 2023 | 34.4% | −4.2 pts | 38.7% |
| 2022 | 3.0% | −0.7 pts | 3.8% |
| 2021 | 52.2% | +6.4 pts | 45.8% |
| 2020 | 30.4% | +4.9 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
1.80%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.39%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.37%
- Exit load
- Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days.
- 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.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -4.09 | 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 | 0.21 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.27 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.40 | 19.25 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Midcap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity97.0%
- Debt0.8%
- Other2.2%
Market cap split
- Large12.7%
- Mid69.2%
- Small18.1%
- P/E
- 35.54
- P/B
- 4.60
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Torrent Power Ltd. | Energy | 3.48% | ₹809 Cr | +2.93% | +3.68% | +2.58% |
| Multi Commodity Exchange Of India Ltd. | Services | 3.12% | ₹726 Cr | +2.59% | +1.16% | — |
| Supreme Industries Ltd. | Materials | 2.96% | ₹690 Cr | +2.62% | +3.28% | — |
| Crisil Ltd. | Services | 2.87% | ₹668 Cr | +2.86% | +3.11% | +3.16% |
| SRF Ltd. | Chemicals | 2.87% | ₹668 Cr | +2.04% | — | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 2.73% | ₹636 Cr | +2.67% | +2.24% | +0.01% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.68% | ₹623 Cr | +2.92% | +3.58% | +2.15% |
| Sundaram Finance Ltd. | Financial | 2.61% | ₹607 Cr | +2.60% | +2.87% | +2.96% |
| Biocon Ltd. | Healthcare | 2.48% | ₹578 Cr | +2.70% | +2.74% | +2.14% |
| FSN E-Commerce Ventures Ltd. | Services | 2.47% | ₹576 Cr | +2.32% | +2.06% | +2.34% |
| The Federal Bank Ltd. | Financial | 2.45% | ₹571 Cr | +2.46% | +2.27% | +2.35% |
| Shree Cement Ltd. | Materials | 2.40% | ₹559 Cr | +2.62% | +2.52% | +2.96% |
| Urban Company Ltd. | Consumer Staples | 2.35% | ₹546 Cr | +1.58% | +1.68% | +0.86% |
| Siemens Ltd. | Capital Goods | 2.25% | ₹523 Cr | +1.75% | +1.42% | — |
| Bharat Forge Ltd. | Automobile | 2.23% | ₹520 Cr | +2.40% | +2.93% | +2.46% |
| Berger Paints India Ltd. | Materials | 2.23% | ₹519 Cr | +1.99% | +1.86% | +1.98% |
| Others | Others | 2.19% | ₹509 Cr | +0.03% | +0.03% | +0.03% |
| Aurobindo Pharma Ltd. | Healthcare | 2.18% | ₹508 Cr | +1.99% | — | — |
| Grindwell Norton Ltd. | Metals & Mining | 2.14% | ₹499 Cr | +2.63% | +1.92% | +1.64% |
| Oberoi Realty Ltd. | Construction | 2.05% | ₹477 Cr | +1.98% | +1.86% | +1.92% |
| Sundram Fasteners Ltd. | Capital Goods | 1.95% | ₹455 Cr | +1.41% | +1.27% | +1.51% |
| Swiggy Ltd. | Services | 1.93% | ₹450 Cr | — | — | — |
| ICICI Life Insurance Ltd. | Insurance | 1.91% | ₹444 Cr | +2.02% | +2.23% | — |
| HDB Financial Services Ltd. | Financial | 1.87% | ₹435 Cr | +2.33% | +2.04% | +2.53% |
| Lupin Ltd. | Healthcare | 1.83% | ₹426 Cr | +2.11% | +1.22% | +0.02% |
| Motherson Sumi Wiring India Ltd. | Automobile | 1.80% | ₹419 Cr | +1.66% | +1.79% | +1.54% |
| Adani Energy Solutions Ltd. | Energy | 1.69% | ₹394 Cr | +2.84% | +1.36% | — |
| Dalmia Bharat Ltd. | Materials | 1.66% | ₹387 Cr | +1.27% | +1.77% | +2.06% |
| The Phoenix Mills Ltd. | Construction | 1.66% | ₹387 Cr | +1.62% | +1.46% | +1.40% |
| Page Industries Ltd. | Textiles | 1.65% | ₹385 Cr | +1.81% | +1.52% | +1.76% |
| JSW Steel Ltd. | Metals & Mining | 1.62% | ₹376 Cr | +1.52% | — | — |
| 360 One Wam Ltd. | Financial | 1.59% | ₹371 Cr | +1.60% | — | — |
| Anthem Biosciences Ltd. | Healthcare | 1.59% | ₹371 Cr | +1.38% | +1.03% | — |
| Carborundum Universal Ltd. | Metals & Mining | 1.59% | ₹370 Cr | +1.47% | +1.47% | +1.62% |
| Solar Industries India Ltd. | Chemicals | 1.52% | ₹355 Cr | +1.39% | +1.06% | — |
| Schaeffler India Ltd. | Capital Goods | 1.51% | ₹351 Cr | +1.56% | +2.24% | +2.78% |
| Indus Towers Ltd. | Communication | 1.51% | ₹351 Cr | +1.53% | +1.91% | +1.54% |
| PI Industries Ltd. | Chemicals | 1.49% | ₹347 Cr | +1.38% | +1.19% | +0.63% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 1.45% | ₹338 Cr | +1.54% | +1.40% | +1.62% |
| Hatsun Agro Product Ltd. | Consumer Staples | 1.42% | ₹330 Cr | +1.14% | +1.35% | +1.09% |
| Glaxosmithkline Pharmaceuticals Ltd. | Healthcare | 1.40% | ₹327 Cr | +1.22% | +1.33% | +1.44% |
| Colgate-Palmolive (India) Ltd. | Consumer Staples | 1.36% | ₹317 Cr | +1.49% | +1.56% | +1.50% |
| JSW Infrastructure Ltd. | Services | 1.33% | ₹310 Cr | +1.16% | — | — |
| AIA Engineering Ltd. | Metals & Mining | 1.16% | ₹271 Cr | +2.74% | +3.08% | +2.06% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.10% | ₹256 Cr | +1.16% | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.09% | ₹255 Cr | +1.77% | +2.34% | +2.79% |
| JK Cement Ltd. | Materials | 1.09% | ₹254 Cr | +1.13% | +1.92% | +2.20% |
| Allied Blenders And Distillers Ltd. | Consumer Staples | 1.06% | ₹246 Cr | — | — | — |
| JSW Energy Ltd. | Capital Goods | 1.01% | ₹235 Cr | +1.52% | +1.44% | — |
| One 97 Communications Ltd. | Services | 0.99% | ₹231 Cr | — | — | — |
| Procter & Gamble Hygiene and Health Care Ltd. | Consumer Staples | 0.91% | ₹211 Cr | +1.17% | +1.41% | +1.78% |
| Fortis Healthcare Ltd. | Healthcare | 0.84% | ₹196 Cr | — | — | — |
| L&T Technology Services Ltd. | Technology | 0.69% | ₹161 Cr | +1.19% | +1.82% | +1.85% |
| Triveni Turbine Ltd. | Construction | 0.67% | ₹156 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.64% | ₹149 Cr | +0.41% | +0.14% | +0.45% |
| The India Cements Ltd. | Materials | 0.28% | ₹65.62 Cr | +0.56% | +1.00% | +1.04% |
| Thermax Ltd. | Capital Goods | 0.27% | ₹62.42 Cr | +1.28% | +1.90% | +1.71% |
| Manpasand Beverages Ltd. | Consumer Staples | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Allied Blenders And Distillers Ltd. | 0.00% | 1.06% | +1.05% |
| Life Insurance Corporation of India | 0.84% | 0.00% | -0.84% |
| Swiggy Ltd. | 1.15% | 1.93% | +0.78% |
| SRF Ltd. | 2.19% | 2.87% | +0.67% |
| AIA Engineering Ltd. | 1.74% | 1.16% | -0.57% |
| Thermax Ltd. | 0.79% | 0.27% | -0.52% |
| Torrent Power Ltd. | 2.97% | 3.48% | +0.50% |
| Crisil Ltd. | 3.34% | 2.87% | -0.48% |
| JSW Energy Ltd. | 1.34% | 1.01% | -0.33% |
| Triveni Turbine Ltd. | 0.36% | 0.67% | +0.31% |
| Carborundum Universal Ltd. | 1.35% | 1.59% | +0.23% |
| Fortis Healthcare Ltd. | 0.62% | 0.84% | +0.22% |
| ICICI Life Insurance Ltd. | 2.11% | 1.91% | -0.20% |
| ICICI Lombard General Insurance Company Ltd. | 2.56% | 2.73% | +0.18% |
| The Federal Bank Ltd. | 2.62% | 2.45% | -0.16% |
| Berger Paints India Ltd. | 2.08% | 2.23% | +0.15% |
| Biocon Ltd. | 2.62% | 2.48% | -0.14% |
| 360 One Wam Ltd. | 1.73% | 1.59% | -0.13% |
| JSW Infrastructure Ltd. | 1.21% | 1.33% | +0.13% |
| INDO-MIM Ltd. | 0.11% | 0.00% | -0.11% |
| The Phoenix Mills Ltd. | 1.55% | 1.66% | +0.11% |
| Page Industries Ltd. | 1.54% | 1.65% | +0.11% |
| Procter & Gamble Hygiene and Health Care Ltd. | 1.01% | 0.91% | -0.10% |
| Mahindra & Mahindra Financial Services Ltd. | 1.20% | 1.09% | -0.10% |
| FSN E-Commerce Ventures Ltd. | 2.57% | 2.47% | -0.09% |
| Bharat Forge Ltd. | 2.32% | 2.23% | -0.08% |
| HDB Financial Services Ltd. | 1.95% | 1.87% | -0.08% |
| Grindwell Norton Ltd. | 2.06% | 2.14% | +0.08% |
| Dalmia Bharat Ltd. | 1.74% | 1.66% | -0.08% |
| Multi Commodity Exchange Of India Ltd. | 3.05% | 3.12% | +0.07% |
| Glaxosmithkline Pharmaceuticals Ltd. | 1.47% | 1.40% | -0.06% |
| Supreme Industries Ltd. | 2.90% | 2.96% | +0.06% |
| Siemens Ltd. | 2.31% | 2.25% | -0.06% |
| Aurobindo Pharma Ltd. | 2.13% | 2.18% | +0.05% |
| Solar Industries India Ltd. | 1.48% | 1.52% | +0.05% |
| The India Cements Ltd. | 0.33% | 0.28% | -0.05% |
| JK Cement Ltd. | 1.05% | 1.09% | +0.04% |
| Lupin Ltd. | 1.87% | 1.83% | -0.04% |
| L&T Technology Services Ltd. | 0.74% | 0.69% | -0.04% |
| Adani Energy Solutions Ltd. | 1.73% | 1.69% | -0.04% |
| Hatsun Agro Product Ltd. | 1.46% | 1.42% | -0.04% |
| PI Industries Ltd. | 1.45% | 1.49% | +0.04% |
| Reserve Bank of India | 0.60% | 0.64% | +0.03% |
| Shree Cement Ltd. | 2.37% | 2.40% | +0.03% |
| Schaeffler India Ltd. | 1.47% | 1.51% | +0.03% |
| Bharat Heavy Electricals Ltd. | 2.71% | 2.68% | -0.03% |
| Colgate-Palmolive (India) Ltd. | 1.39% | 1.36% | -0.03% |
| One 97 Communications Ltd. | 0.96% | 0.99% | +0.03% |
| Sundaram Finance Ltd. | 2.58% | 2.61% | +0.03% |
| Anthem Biosciences Ltd. | 1.57% | 1.59% | +0.02% |
| Urban Company Ltd. | 2.36% | 2.35% | -0.02% |
| Indus Towers Ltd. | 1.49% | 1.51% | +0.02% |
| JSW Steel Ltd. | 1.60% | 1.62% | +0.01% |
| Star Health and Allied Insurance Company Ltd. | 1.46% | 1.45% | -0.01% |
| Oberoi Realty Ltd. | 2.06% | 2.05% | -0.01% |
| Sundram Fasteners Ltd. | 1.96% | 1.95% | -0.01% |
| Billionbrains Garage Ventures Ltd. | 1.09% | 1.10% | +0.01% |
| Motherson Sumi Wiring India Ltd. | 1.80% | 1.80% | 0.00% |
| Others | 0.01% | 0.01% | 0.00% |
| Manpasand Beverages Ltd. | 0.00% | 0.00% | 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% |
 Edelweiss Mid Cap Fund | ₹19,230 Cr | 1.87% | 3.2% | 8.7% | 15.9% |
 HSBC Midcap Fund | ₹16,800 Cr | 2.15% | 15.2% | 14.1% | 19.0% |
 Invesco India Mid Cap Fund | ₹15,832 Cr | 1.85% | 12.4% | 14.1% | 19.3% |
 WhiteOak Capital Mid Cap Fund | ₹8,400 Cr | 2.25% | 11.2% | 12.7% | — |
 ICICI Prudential Mid Cap Fund | ₹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 aims to provide investors with opportunities for long term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well-diversified basket of equity stocks of Midcap companies.
Fund managers
- Bhavin VithlaniMr. Vithlani is a MMS (Finance)Prior to joining SBI Mutaul Fund, he has worked with Axis Capital Limited and Tower Capital & Securities Private Limited.
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 months−2.56% absolute | ₹60,000 | ₹58,464 | −2.56% | |
| 1 year−0.47% annualised | ₹1,20,000 | ₹1,19,695 | −0.25% | |
| 3 years8.90% annualised | ₹3,60,000 | ₹4,13,952 | 14.99% | |
| 5 years10.19% annualised | ₹6,00,000 | ₹7,84,880 | 30.81% |
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 SBI Midcap Fund?
The NAV of SBI Midcap Fund is ₹231.75 as on 9 Nov 2026.
What is the expense ratio of SBI Midcap Fund?
The expense ratio of SBI Midcap Fund is 1.82% per year.
What is the minimum SIP amount for SBI Midcap Fund?
You can start a SIP in SBI Midcap Fund with ₹3,000 a month.
What returns has SBI Midcap Fund given?
SBI Midcap Fund has returned -1.6% over 1 year, 2.3% over 3 years and 8.7% over 5 years (annualised).
Is there a lock-in or exit load on SBI Midcap Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days..
How risky is SBI Midcap Fund?
SBI Midcap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages SBI Midcap Fund?
SBI Midcap Fund is managed by SBI Mutual Fund, which runs 80 schemes with ₹13,34,527 Cr under management.