SBI Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹237.40-0.87%1 day
- Return since launch
- 15.9%
- 52-week range
- ₹207.53 — ₹246.09
- AUM
- ₹24,518 Cr
SBI Midcap Fund is a Mid Cap equity fund from SBI Mutual Fund with ₹24,518 Cr under management, launched in 2005. Over three years it has returned 4.7% a year, against 15.7% for its category. The expense ratio is 1.80% 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 +4.1% 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 | 2.9% | −3.5 pts | 6.4% | 6.0% |
| 2Y | 2.4% | −4.7 pts | 7.2% | 6.3% |
| 3Y | 4.7% | −11.1 pts | 15.7% | 8.5% |
| 5Y | 10.7% | −3.5 pts | 14.1% | 14.1% |
| 7Y | 16.4% | −2.1 pts | 18.5% | 17.4% |
| 10Y | 15.3% | +0.2 pts | 15.1% | 15.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.8% | +0.9 pts | -3.7% | -4.0% |
| 3M | -1.4% | −2.0 pts | 0.6% | -0.0% |
| 6M | 9.8% | −3.5 pts | 13.3% | 11.8% |
| 1Y | 4.1% | −2.3 pts | 6.4% | 5.2% |
| 2Y | -2.4% | −3.3 pts | 0.9% | 0.4% |
| 3Y | 9.8% | −5.9 pts | 15.7% | 14.5% |
| 5Y | 12.3% | −1.9 pts | 14.1% | 13.3% |
| 7Y | 19.2% | −0.5 pts | 19.7% | 18.2% |
| 10Y | 12.9% | −2.2 pts | 15.1% | 13.9% |
Since launch (21 Feb 2005): 15.9%
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 22 Sep 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 | -3.65 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.85 | 0.99 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.40 | 0.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.50 | 1.17 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.84 | 18.53 | 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 31 Aug 2026
Asset allocation
- Equity96.5%
- Debt1.3%
- Other2.2%
Market cap split
- Large13.7%
- Mid69.2%
- Small17.1%
- P/E
- 36.09
- P/B
- 4.77
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Crisil Ltd. | Services | 3.34% | ₹820 Cr | +2.81% | +3.21% | +3.58% |
| Multi Commodity Exchange Of India Ltd. | Services | 3.05% | ₹748 Cr | +1.26% | — | — |
| Torrent Power Ltd. | Energy | 2.97% | ₹729 Cr | +3.03% | +3.92% | +2.62% |
| Supreme Industries Ltd. | Materials | 2.90% | ₹712 Cr | +2.73% | +3.07% | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.71% | ₹664 Cr | +3.10% | +3.43% | +1.89% |
| Biocon Ltd. | Healthcare | 2.62% | ₹643 Cr | +2.86% | +2.63% | +2.21% |
| The Federal Bank Ltd. | Financial | 2.62% | ₹642 Cr | +2.22% | +2.71% | +2.35% |
| Sundaram Finance Ltd. | Financial | 2.58% | ₹632 Cr | +2.41% | +3.21% | +3.04% |
| FSN E-Commerce Ventures Ltd. | Services | 2.57% | ₹629 Cr | +2.02% | +2.55% | +2.34% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 2.56% | ₹627 Cr | +2.07% | +2.22% | +0.01% |
| Shree Cement Ltd. | Materials | 2.37% | ₹580 Cr | +2.70% | +2.53% | +2.99% |
| Urban Company Ltd. | Consumer Staples | 2.36% | ₹580 Cr | +1.49% | +0.53% | — |
| Bharat Forge Ltd. | Automobile | 2.32% | ₹568 Cr | +2.26% | +2.97% | +2.26% |
| Siemens Ltd. | Capital Goods | 2.31% | ₹565 Cr | +1.93% | +1.47% | — |
| SRF Ltd. | Chemicals | 2.19% | ₹538 Cr | +1.51% | — | — |
| Others | Others | 2.15% | ₹528 Cr | +0.03% | +0.03% | +0.25% |
| Aurobindo Pharma Ltd. | Healthcare | 2.13% | ₹522 Cr | +1.01% | — | — |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 2.11% | ₹517 Cr | +1.94% | +2.54% | — |
| Berger Paints India Ltd. | Materials | 2.08% | ₹511 Cr | +2.01% | +1.68% | +2.07% |
| Grindwell Norton Ltd. | Metals & Mining | 2.06% | ₹506 Cr | +2.30% | +2.08% | +1.42% |
| Oberoi Realty Ltd. | Construction | 2.06% | ₹504 Cr | +1.97% | +1.78% | +1.98% |
| Sundram Fasteners Ltd. | Capital Goods | 1.96% | ₹482 Cr | +1.29% | +1.32% | +1.39% |
| HDB Financial Services Ltd. | Financial | 1.95% | ₹478 Cr | +2.13% | +2.28% | +2.65% |
| Lupin Ltd. | Healthcare | 1.87% | ₹460 Cr | +2.03% | +1.07% | — |
| Motherson Sumi Wiring India Ltd. | Automobile | 1.80% | ₹441 Cr | +1.66% | +1.87% | +1.42% |
| Dalmia Bharat Ltd. | Materials | 1.74% | ₹427 Cr | +1.34% | +1.76% | +2.24% |
| AIA Engineering Ltd. | Metals & Mining | 1.74% | ₹426 Cr | +2.50% | +2.81% | +2.08% |
| Adani Energy Solutions Ltd. | Energy | 1.73% | ₹425 Cr | +3.20% | +1.31% | — |
| 360 One Wam Ltd. | Financial | 1.73% | ₹423 Cr | +1.70% | — | — |
| JSW Steel Ltd. | Metals & Mining | 1.60% | ₹392 Cr | +1.64% | — | — |
| Anthem Biosciences Ltd. | Healthcare | 1.57% | ₹386 Cr | +1.05% | — | — |
| The Phoenix Mills Ltd. | Construction | 1.55% | ₹380 Cr | +1.51% | +1.43% | +1.37% |
| Page Industries Ltd. | Textiles | 1.54% | ₹378 Cr | +1.72% | +1.33% | +0.11% |
| Indus Towers Ltd. | Communication | 1.49% | ₹365 Cr | +1.77% | +1.85% | +1.54% |
| Solar Industries India Ltd. | Chemicals | 1.48% | ₹362 Cr | +1.40% | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.47% | ₹361 Cr | +1.59% | +2.26% | +2.58% |
| Glaxosmithkline Pharmaceuticals Ltd. | Healthcare | 1.47% | ₹360 Cr | +1.13% | +1.33% | +1.72% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 1.46% | ₹359 Cr | +1.42% | +1.27% | +1.63% |
| Hatsun Agro Product Ltd. | Consumer Staples | 1.46% | ₹357 Cr | +1.15% | +1.15% | +0.89% |
| PI Industries Ltd. | Chemicals | 1.45% | ₹356 Cr | +1.07% | +0.82% | +0.67% |
| Colgate-Palmolive (India) Ltd. | Consumer Staples | 1.39% | ₹342 Cr | +1.58% | +1.54% | +1.59% |
| Carborundum Universal Ltd. | Metals & Mining | 1.35% | ₹332 Cr | +1.71% | +1.39% | +1.62% |
| JSW Energy Ltd. | Capital Goods | 1.34% | ₹328 Cr | +1.60% | +1.33% | — |
| JSW Infrastructure Ltd. | Services | 1.21% | ₹296 Cr | — | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.20% | ₹293 Cr | +1.75% | +3.07% | +2.60% |
| Swiggy Ltd. | Services | 1.15% | ₹282 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.09% | ₹267 Cr | +0.54% | — | — |
| JK Cement Ltd. | Materials | 1.05% | ₹257 Cr | +1.10% | +1.90% | +2.45% |
| Procter & Gamble Hygiene and Health Care Ltd. | Consumer Staples | 1.01% | ₹248 Cr | +1.28% | +1.37% | +1.66% |
| company:17109 | Services | 0.96% | ₹236 Cr | — | — | — |
| company:5765 | Insurance | 0.84% | ₹207 Cr | — | — | — |
| Thermax Ltd. | Capital Goods | 0.79% | ₹193 Cr | +1.28% | +1.62% | +1.75% |
| L&T Technology Services Ltd. | Technology | 0.74% | ₹180 Cr | +1.76% | +1.82% | +1.92% |
| company:8372 | Healthcare | 0.62% | ₹152 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.60% | ₹148 Cr | +0.42% | +0.65% | +0.45% |
| company:12353 | Construction | 0.36% | ₹88.58 Cr | — | — | — |
| The India Cements Ltd. | Materials | 0.33% | ₹80.58 Cr | +0.98% | +1.05% | +1.04% |
| INDO-MIM Ltd. | Capital Goods | 0.11% | ₹27.83 Cr | — | — | — |
| company:18721 | Consumer Staples | 0.00% | ₹0.52 Cr | — | — | — |
| Manpasand Beverages Ltd. | Consumer Staples | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Adani Enterprises Ltd. | 1.43% | 0.00% | -1.43% |
| Adani Energy Solutions Ltd. | 2.70% | 1.73% | -0.97% |
| company:17109 | 0.00% | 0.96% | +0.96% |
| company:5765 | 0.00% | 0.84% | +0.84% |
| Urban Company Ltd. | 1.55% | 2.36% | +0.81% |
| Multi Commodity Exchange Of India Ltd. | 2.43% | 3.05% | +0.62% |
| company:8372 | 0.00% | 0.62% | +0.62% |
| Max Financial Services Ltd. | 0.62% | 0.00% | -0.62% |
| Siemens Ltd. | 1.81% | 2.31% | +0.50% |
| Mahindra & Mahindra Financial Services Ltd. | 1.58% | 1.20% | -0.38% |
| Hatsun Agro Product Ltd. | 1.09% | 1.46% | +0.37% |
| company:12353 | 0.00% | 0.36% | +0.36% |
| Sundram Fasteners Ltd. | 1.61% | 1.96% | +0.35% |
| Shree Cement Ltd. | 2.67% | 2.37% | -0.30% |
| Crisil Ltd. | 3.04% | 3.34% | +0.30% |
| Thermax Ltd. | 1.06% | 0.79% | -0.27% |
| Page Industries Ltd. | 1.75% | 1.54% | -0.21% |
| Lupin Ltd. | 2.08% | 1.87% | -0.21% |
| Bharat Heavy Electricals Ltd. | 2.51% | 2.71% | +0.20% |
| Glaxosmithkline Pharmaceuticals Ltd. | 1.31% | 1.47% | +0.16% |
| Aurobindo Pharma Ltd. | 1.97% | 2.13% | +0.16% |
| AIA Engineering Ltd. | 1.89% | 1.74% | -0.15% |
| Anthem Biosciences Ltd. | 1.43% | 1.57% | +0.14% |
| The India Cements Ltd. | 0.47% | 0.33% | -0.14% |
| Colgate-Palmolive (India) Ltd. | 1.53% | 1.39% | -0.14% |
| Bharat Forge Ltd. | 2.44% | 2.32% | -0.12% |
| Grindwell Norton Ltd. | 2.18% | 2.06% | -0.12% |
| Solar Industries India Ltd. | 1.36% | 1.48% | +0.12% |
| ICICI Lombard General Insurance Company Ltd. | 2.67% | 2.56% | -0.11% |
| Biocon Ltd. | 2.73% | 2.62% | -0.11% |
| FSN E-Commerce Ventures Ltd. | 2.46% | 2.57% | +0.11% |
| Star Health and Allied Insurance Company Ltd. | 1.56% | 1.46% | -0.10% |
| JSW Energy Ltd. | 1.43% | 1.34% | -0.09% |
| Sundaram Finance Ltd. | 2.67% | 2.58% | -0.09% |
| Procter & Gamble Hygiene and Health Care Ltd. | 1.10% | 1.01% | -0.09% |
| JSW Infrastructure Ltd. | 1.12% | 1.21% | +0.09% |
| Torrent Power Ltd. | 2.90% | 2.97% | +0.07% |
| JK Cement Ltd. | 1.12% | 1.05% | -0.07% |
| Berger Paints India Ltd. | 2.01% | 2.08% | +0.07% |
| PI Industries Ltd. | 1.52% | 1.45% | -0.07% |
| SRF Ltd. | 2.26% | 2.19% | -0.07% |
| Motherson Sumi Wiring India Ltd. | 1.74% | 1.80% | +0.06% |
| Supreme Industries Ltd. | 2.85% | 2.90% | +0.05% |
| HDB Financial Services Ltd. | 2.00% | 1.95% | -0.05% |
| 360 One Wam Ltd. | 1.68% | 1.73% | +0.05% |
| Carborundum Universal Ltd. | 1.31% | 1.35% | +0.04% |
| Dalmia Bharat Ltd. | 1.70% | 1.74% | +0.04% |
| JSW Steel Ltd. | 1.56% | 1.60% | +0.04% |
| Schaeffler India Ltd. | 1.51% | 1.47% | -0.04% |
| The Federal Bank Ltd. | 2.65% | 2.62% | -0.03% |
| Oberoi Realty Ltd. | 2.03% | 2.06% | +0.03% |
| Billionbrains Garage Ventures Ltd. | 1.11% | 1.09% | -0.02% |
| Indus Towers Ltd. | 1.51% | 1.49% | -0.02% |
| Swiggy Ltd. | 1.17% | 1.15% | -0.02% |
| INDO-MIM Ltd. | 0.10% | 0.11% | +0.01% |
| ICICI Prudential Life Insurance Company Ltd. | 2.12% | 2.11% | -0.01% |
| L&T Technology Services Ltd. | 0.73% | 0.74% | +0.01% |
| Reserve Bank of India | 0.61% | 0.60% | -0.01% |
| company:18721 | 0.00% | 0.00% | 0.00% |
| Others | 0.01% | 0.01% | 0.00% |
| The Phoenix Mills Ltd. | 1.55% | 1.55% | 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 | ₹13,775 Cr | 2.01% | 12.6% | 14.3% | 19.1% |
 Edelweiss Mid Cap Fund | ₹19,891 Cr | 1.86% | 4.8% | 10.7% | 17.2% |
 HSBC Midcap Fund | ₹17,188 Cr | 2.21% | 21.7% | 17.0% | 20.7% |
 Invesco India Mid Cap Fund | ₹15,905 Cr | 1.88% | 13.6% | 15.9% | 20.4% |
 ICICI Prudential Mid Cap Fund | ₹8,403 Cr | 1.83% | 9.3% | 13.6% | 17.9% |
 WhiteOak Capital Mid Cap Fund | ₹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 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 months9.81% absolute | ₹60,000 | ₹65,886 | 9.81% | |
| 1 year4.07% annualised | ₹1,20,000 | ₹1,22,679 | 2.23% | |
| 3 years9.82% annualised | ₹3,60,000 | ₹4,20,087 | 16.69% | |
| 5 years12.25% annualised | ₹6,00,000 | ₹8,30,582 | 38.43% |
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 ₹237.40 as on 24 Sep 2026.
What is the expense ratio of SBI Midcap Fund?
The expense ratio of SBI Midcap Fund is 1.80% 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 2.9% over 1 year, 4.7% over 3 years and 10.7% 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 ₹12,81,381 Cr under management.