HDFC Mid Cap Fund
HDFC Mutual Fund · Mid Cap · Regular plan, growth option
NAV (₹), 1 Oct 2026
197.8200
1-day change
-0.52%
1Y return
2.7%
3Y CAGR
14.4%
5Y CAGR
16.7%
Max drawdown, 5Y
−17.4%
NAV history month-end NAV, ₹ · 5 Jul 2007 to 1 Oct 2026
Returns vs Mid Cap median (34 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -7.2% | -6.3% |
| 3 months | -3.5% | -3.5% |
| 6 months | 7.9% | 11.2% |
| Year to date | -2.8% | 0.4% |
| 1 year | 2.7% | 3.6% |
| 3 years (CAGR) | 14.4% | 13.9% |
| 5 years (CAGR) | 16.7% | 13.0% |
| 7 years (CAGR) | 21.5% | 20.1% |
| 10 years (CAGR) | 15.9% | 14.6% |
| Since first NAV (CAGR) | 16.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 13.8% | 12.5% |
| 3Y rolling median | 20.9% | 19.0% |
| 3Y rolling worst | -9.2% | -7.3% |
| 3Y periods positive | 97% | 96% |
| 3Y periods ahead of benchmark | 89% | 22% |
| 5Y rolling median | 20.2% | 17.6% |
| 5Y rolling worst | -0.1% | -1.0% |
| 5Y periods ahead of benchmark | 94% | 3% |
Benchmark: Nifty Midcap 150 (proxy: Motilal Oswal Nifty Midcap 150 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 16.0% | 18.1% |
| Sharpe ratio | 0.56 | 0.48 |
| Sortino ratio | 0.81 | 0.73 |
| Beta | 0.85 | 0.95 |
| Alpha (ann.) | 2.1% | 1.1% |
| Upside capture | 89.45 | 96.30 |
| Downside capture | 84.79 | 93.90 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −60.8% | −37.4% |
| Maximum drawdown, last 10Y | −40.7% | −37.3% |
| Maximum drawdown, last 5Y | −17.4% | −21.6% |
| Current drawdown | −7.7% | −7.7% |
| Recovery time of worst fall | 394 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,643.85 −1.02%
NSE close, 1 Oct 2026
- P/E 28.1: higher than 24% of days since 2023 (median 33.3)
- 1Y +2.5% · 3Y +13.0% p.a. · 5Y +14.3% p.a. (index fund NAV, after costs)
- −8.1% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.31% a year and the Direct plan's 0.76%, a gap of 0.55%; over the last 3 years the Direct plan returned 0.72 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹13,37,082.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 4 Sep 2026: TER increased from 1.30% to 1.31% (AMFI TER disclosure)
- 3 Sep 2026: TER reduced from 1.31% to 1.30% (AMFI TER disclosure)
- 2 Sep 2026: TER increased from 1.30% to 1.31% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Chirag Setalvad | Fund Manager of the scheme | 25 Jun 2007 |
| Gopal Agrawal | Fund Manager for Overseas Investments | 1 Sep 2026 |
| Bhagyesh Kagalkar | Fund Manager for investments in Gold/Silver instruments | 26 Aug 2026 |
Objective: To provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity and Equity Related Instruments of Mid Cap companies/entities**: 65%- 100%; Equity and Equity Related Instruments other than above: 0%- 35%; Money market instruments, Other liquid instruments and Units of Mutual Fund: 0%- 35%; Units issued by InvITs: 0%- 10%; Gold and Silver instruments: 0% -35%. **Investment universe of “Mid Cap” :The investment universe of “Mid Cap” shall comprise companies/entities as defined by SEBI from time to time. In terms of clause 3.9 of Master Circular, the universe of “Mid Cap” shall consist of 101st to 250th companies/entities in terms of full market capitalization and that the Scheme will be required to adhere to the following: - The list of stocks of Mi…
Benchmark (tier 1): NIFTY MidCap 150 Index(Total Returns Index)
Exit load: In respect of each purchase/switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed/ switched-out after 1 year from the date of allotment.
Minimum application: Rs.100
Allotment date: 25 Jun 2007
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 1.31% | 2.03% |
| AUM, whole scheme (₹ crore) | 1,01,856 | 7,604 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 3.5% | 4.6% TRI |
| Return, 3 years (AMFI) | 14.6% | 13.7% TRI |
| Return, 5 years (AMFI) | 16.9% | 14.8% TRI |
| Month-ends above category median (3Y CAGR) | 68% | 43% median |
| Month-ends in category top quartile (3Y) | 52% | 29% median |
| 7Y rolling CAGR, median (monthly windows) | 18.4% | 16.9% median |
Official benchmark: Nifty Midcap 150 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Mid Cap Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty Midcap 150 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -2.8% | -2.5% | −0.3% |
| 2025 | 6.8% | 5.8% | +1.0% |
| 2024 | 28.6% | 24.2% | +4.4% |
| 2023 | 44.5% | 44.3% | +0.2% |
| 2022 | 12.3% | 3.6% | +8.7% |
| 2021 | 39.9% | 46.9% | −7.0% |
| 2020 | 21.7% | 26.1% | −4.4% |
| 2019 | 0.2% | n/a | – |
| 2018 | -11.2% | n/a | – |
| 2017 | 41.7% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty Midcap 150 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,18,349 | -2.5% |
| 3 years | ₹3,60,000 | ₹3,98,046 | 6.6% |
| 5 years | ₹6,00,000 | ₹8,80,221 | 15.3% |
| 10 years | ₹12,00,000 | ₹30,58,095 | 17.8% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: HDFC Mutual Fund
Category: Mid Cap
Plan / option: Regular · Growth
AMFI scheme code: 105758
ISIN: INF179K01CR2
First NAV in MFIC data: 5 Jul 2007
History: 19.2 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| HDFC Multi Cap Fund | Multi Cap | 0.97 | 9.1% |
| HDFC Large & Mid Cap Fund | Large & Mid Cap | 0.97 | 10.4% |
| Sundaram Mid Cap Fund | Mid Cap | 0.97 | 15.2% |
| WhiteOak Capital Large & Mid Cap Fund | Large & Mid Cap | 0.97 | n/a |
| Mirae Asset Midcap Fund | Mid Cap | 0.97 | 12.6% |
| Franklin India Mid Cap Fund | Mid Cap | 0.97 | 12.8% |
Questions about HDFC Mid Cap Fund
- What is the latest NAV of HDFC Mid Cap Fund?
- The NAV of the Regular plan (growth option) was ₹197.8200 on 1 Oct 2026, as published by AMFI.
- Which category is HDFC Mid Cap Fund in?
- It is classified as Mid Cap in AMFI's daily NAV file; a Mid Cap scheme invests at least 65% in mid-cap stocks. MFIC compares it with 34 Mid Cap schemes (Regular plans).
- What returns has HDFC Mid Cap Fund delivered?
- Over one year the NAV changed by 2.7%. The 3-year CAGR is 14.4% (category median 13.9%) and the 5-year CAGR is 16.7% (category median 13.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 20.9%, the lowest was -9.2%, and 97% of 3-year periods ended with a gain. It was ahead of Nifty Midcap 150 (index-fund proxy) in 89% of those periods.
- What was the largest fall in HDFC Mid Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 60.8%; within the last five years it was 17.4% (category median 21.6%).
- How volatile is HDFC Mid Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.0%, which is below the Mid Cap category median of 18.1%.
- What would a monthly SIP in HDFC Mid Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹8,80,221 on 1 Oct 2026, an annualised return (XIRR) of 15.3%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of HDFC Mid Cap Fund?
- The total expense ratio of the Regular plan is 1.31% a year, as disclosed to AMFI (median of Mid Cap Regular plans: 2.03%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HDFC Mid Cap Fund?
- Assets under management of the whole scheme were ₹1,01,856 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HDFC Mid Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of HDFC Mid Cap Fund and how has it compared?
- Its official benchmark is the Nifty Midcap 150 TRI. Over 3 years AMFI reports a return of 14.6% for this plan against 13.7% for the benchmark total return index; over 5 years 16.9% against 14.8%. Past performance does not indicate future results.
- How often has HDFC Mid Cap Fund beaten its category?
- At 68% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Mid Cap schemes (Regular plans); it was in the top quarter at 52% of them. A typical scheme would show about 50%.
- Who manages HDFC Mid Cap Fund?
- According to its Scheme Summary Document, HDFC Mid Cap Fund is managed by Chirag Setalvad (since 25 Jun 2007), Gopal Agrawal (since 1 Sep 2026), Bhagyesh Kagalkar (since 26 Aug 2026).
- What is the exit load of HDFC Mid Cap Fund?
- As stated in its scheme documents: In respect of each purchase/switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed/ switched-out after 1 year from the date of allotment. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HDFC Mid Cap Fund?
- The minimum application amount is Rs.100. SIP details: For SIP DSIP, WSIP, MSIP - Rs. 100; QSIP - Rs. 1500; HSIP - Rs. 2500; YSIP - Rs. 5000. For SWAP Fixed SWAP - Rs. 100; Variable SWAP - Rs. 300. For STP Fixed STP (FSTP) Daily FSTP - Rs. 500; Weekly FSTP - Rs. 500; Monthly FSTP - Rs. 1000; Quarterly FSTP -Rs. 3000. Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300; Quarterly CASTP - Rs 1000..
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 3.3% and the Regular plan's by 2.7%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.