December 25, 2025
RA Jainee
HDFC Mid Cap Fund
| Fund at a Glance | |
| NAV Growth | Rs 225.48 |
| NAV IDCW | Rs 85.10 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Midcap 150 TRI |
| AUM Rs. | 92,169 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.71% |
| 1 Year Return (%) | 9.04 |
| 3 Year Return (%) | 27.12 |
| 5 Year Return (%) | 27.44 |
| 10 Year Return (%) | 19.39 |
| Return Since Launch | 21.09% |
⚖️ Sahifund Review – HDFC Mid Cap Fund
PLUS: Stability, track record, cost efficiency
HDFC Mid Cap Fund has demonstrated excellent long-term consistency, with 3-year (27.12%) and 5-year (27.44%) returns comfortably outperforming the midcap benchmark and category. The fund benefits from a disciplined stock-selection process and relatively low churn, helping it navigate volatile midcap cycles better than many peers. Despite its large size, portfolio diversification across 75+ stocks limits concentration risk. Expense ratio at 0.71% is reasonable for an actively managed midcap fund with a long track record. Over full market cycles, the fund has delivered strong wealth creation for patient SIP investors.
MINUS: Large AUM, large-cap bias, momentum lag
With a very large AUM of Rs. 92,169 Cr, agility is constrained, especially in smaller midcap opportunities. The fund can lag aggressive peers during sharp momentum-driven rallies, as it prioritises quality and valuations over short-term trends. Midcap volatility remains high, and interim drawdowns can test investor discipline. Valuations are moderately elevated (P/E ~26x), which may temper near-term returns.
Sahifund View (Decisive Line):
A strong core long-term SIP midcap fund for investors with a 7+ year horizon—avoid if you seek quick gains or want a high-octane, momentum-led midcap strategy.
👉 Apply Online | Ask Us MF Queries |
| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies.
Fund Manager:
1) Chirag Setalvad
Education: Mr. Setalvad is a B. Sc and MBA from University of North Carolina.
Experience: Prior to joining HDFC AMC he has worked with New Vernon Advisory Services Ltd., HDFC AMC and ING Barings N.V.
Investment Details
| Min. Investment (₹) | 100 |
| Min. Addl Investment (₹) | 100 |
| Min. SIP Investment (₹) | 100 |
| Min. Withdrawal (₹) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (₹) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of HDFC Mid Cap Fund
| Fund House | HDFC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 21.09% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | ₹ 92,169 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.71% |
| (As on 30-Nov-2025) | |
| Risk Grade | Low |
| Return Grade | Above Average |
| Turnover | 13.07% |
Trailing Returns (%) of HDFC Mid Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Mid Cap Dir | 7.85 | 0.61 | 0.99 | 4.20 | 7.77 | 9.04 | 27.12 | 27.44 | 22.14 | 19.39 |
| BSE 150 MidCap TRI | 3.83 | 0.78 | 0.38 | 1.07 | 4.21 | 4.44 | 23.55 | 24.69 | 20.59 | 18.14 |
| Equity: Mid Cap | 3.55 | 0.83 | 0.37 | 1.39 | 4.04 | 3.99 | 23.19 | 23.84 | 20.40 | 17.47 |
| Rank within category | 6 | 47 | 9 | 3 | 4 | 5 | 5 | 3 | 7 | 4 |
| Number of funds in category | 48 | 57 | 55 | 54 | 51 | 48 | 40 | 25 | 22 | 19 |
Peer Comparison of HDFC Mid Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HDFC Mid Cap Dir | 5 star | 9.04 | 27.12 | 27.44 | 0.71 | 92,169 | 21.09 | 1.00 (365) | 12Y 11M | 13.07 |
| Kotak Midcap Dir | 4 star | 3.71 | 23.05 | 25.01 | 0.37 | 60,480 | 20.58 | 1.00 (365) | 12Y 11M | 24.73 |
| Nippon India Growth Mid Cap Dir | 4 star | 5.40 | 26.08 | 26.75 | 0.73 | 42,042 | 18.63 | 1.00 (30) | 12Y 11M | 6.00 |
| Motilal Oswal Midcap Dir | 5 star | -7.50 | 27.34 | 30.52 | 0.72 | 38,003 | 23.03 | 1.00 (365) | 11Y 9M | 124.00 |
| Sundaram Midcap Dir | 4 star | 6.61 | 25.64 | 25.11 | 0.90 | 13,345 | 18.67 | 1.00 (365) | 12Y 11M | 45.70 |
Portfolio Analysis of HDFC Mid Cap Fund
| No. of Stocks | 76 |
| Top 10 Stocks | 33.44% |
| Top 5 Stocks | 19.19% |
| Top 3 Sectors | 53.72% |
| Portfolio P/B Ratio | 3.56 |
| Portfolio P/E Ratio | 26.22 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 54,678 | 64,456 |
| Giant (%) | 1.29 | 5.25 |
| Large (%) | 31.77 | 40.03 |
| Mid (%) | 63.39 | 55.71 |
| Small (%) | 3.55 | 4.06 |
| Tiny (%) | — | 2.05 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Quicklinks