Top 5 Midcap Funds Beat 20% CAGR in 3 Years

India’s midcap mutual fund segment has showcased robust performance, with five funds delivering over 20% Compound Annual Growth Rate (CAGR) in the last three years. Invesco India Mid Cap Fund leads this group, posting significant annualised returns.

The Invesco India Mid Cap Fund achieved an impressive 24.7% annualised return over the three-year period. This fund maintains a strong four-star rating, reflecting its consistent performance in the market.

• Annualised Return: 24.7% (3 years)
• Rating: Four-star
• Assets Under Management (AUM) as of June 2026: Rs 13,767 crore

Following closely, the HSBC Midcap Fund also demonstrated substantial growth. It recorded an annualised return of approximately 23.4% over the same three-year timeframe.

• Annualised Return: Approximately 23.4% (3 years)
• Rating: Four-star
• Assets Under Management (AUM) as of June 2026: Rs 15,352 crore

Other Strong Performers

Beyond the top two, other midcap funds also delivered notable returns. The WhiteOak Capital Mid Cap Fund and ICICI Prudential Midcap Fund each provided annualised returns of around 22% over the past three years.

The Edelweiss Mid Cap Fund further distinguished itself within this high-performing cohort. It generated a 21.8% return over the three-year period, earning a superior five-star rating.

• Return: 21.8% (3 years)
• Rating: Five-star
• Assets Under Management (AUM): Rs 17,748 crore

Contrasting Performances

While several funds excelled, some midcap counterparts showed more subdued results. Five other funds—Taurus Mid Cap, PGIM India Midcap, SBI Midcap, Quant Mid Cap, and UTI Mid Cap—registered significantly lower returns.

• Taurus Mid Cap: 11.4% to 12.9%
• PGIM India Midcap: 11.4% to 12.9%
• SBI Midcap: 11.4% to 12.9%
• Quant Mid Cap: 11.4% to 12.9%
• UTI Mid Cap: 11.4% to 12.9%

These funds posted returns ranging between 11.4% and 12.9% over the identical three-year period, highlighting a divergence in performance within the midcap segment.