Two funds walk into a table. Only the numbers talk.
Invesco India Mid Cap Fund vs Motilal Oswal Midcap Fund
Pick two or three funds. We’ll tell you in plain words which grew faster, which was calmer, which costs less and what your money would have become. Figures are for the Direct plan, Growth option, where a fund has one.
- AInvesco India Mid Cap Fund
Invesco Mutual Fund- Mid Cap Fund
- Direct plan
- Very High Risk
NAV ₹239.69 on 24 Sept 2026
- BMotilal Oswal Midcap Fund
Motilal Oswal Mutual Fund- Mid Cap Fund
- Regular plan
NAV ₹101.19 on 24 Sept 2026
The short version
Who comes out ahead on each measure, over the 10 years all of them have been around.
Grew faster
AInvesco India Mid Cap Fund
Invesco India Mid Cap Fund returned 19.5% a year over 10 years, against 15.8% for Motilal Oswal Midcap Fund. ₹1 lakh invested 10 years ago would be about ₹5.94 Lakh today, against ₹4.32 Lakh.
Smoother ride
AInvesco India Mid Cap Fund
Invesco India Mid Cap Fund swung the least: about 17.1% a year either way, against 17.8% for Motilal Oswal Midcap Fund. Lower means fewer scary days.
Fell less in a crash
AInvesco India Mid Cap Fund
At its worst, Invesco India Mid Cap Fund fell 34.1% from its peak, against 37.3% for Motilal Oswal Midcap Fund. On ₹1 lakh, that's a dip to ₹62,708 at the bottom for Motilal Oswal Midcap Fund. Could you have held on?
More consistent
AInvesco India Mid Cap Fund
Pick any day in the past and hold for a year: Invesco India Mid Cap Fund ended up in profit 88% of the time, against 74% for Motilal Oswal Midcap Fund.
What your money would have become
The same amount, put into each fund on the same day.
The dashed line is the ₹10,000 you put in. Above it is profit, below it is loss.
- AInvesco India Mid Cap Fund₹24,354 from ₹10,000(19.5% a year)
- BMotilal Oswal Midcap Fund₹24,125 from ₹10,000(19.3% a year)
A one-time ₹10,000 put in 5 years ago, valued at the latest NAV. This is what happened, not what will.
Strengths and watch-outs
Each fund judged against its own category, and against a 5-year SBI FD at 6.05%.
AInvesco India Mid Cap Fund
- Strength: Ahead of its category: 19.5% a year over 5 years, against a category average of 15%
- Strength: In the top quarter of its category over 5 years (#1 of 21)
- Strength: Beat a 5-year SBI FD: 19.5% a year over 5 years, against 6.05%
- Strength: Low cost: 0.48% a year
- Watch out: Fell harder than its category in the worst crash
BMotilal Oswal Midcap Fund
- Strength: Ahead of its category: 19.3% a year over 5 years, against a category average of 14%
- Strength: In the top quarter of its category over 5 years (#1 of 22)
- Strength: Beat a 5-year SBI FD: 19.3% a year over 5 years, against 6.05%
- Watch out: Fell harder than its category in the worst crash
All the numbers
The stronger figure in each row is marked Best. Under each return is the fund’s rank in its category and the category average.
| Measure | AInvesco India Mid Cap Fund | BMotilal Oswal Midcap Fund |
|---|---|---|
| ReturnsHow much the fund grew. Beyond a year, this is per year (annualised). | ||
| 1 yearLast 12 months, the most noisy figure | 9.6%Best#7 of 30 · avg 7.1% | -1.8%#31 of 31 · avg 5.7% |
| 3 yearsPer year, over a full market mood swing | 24.1%Best#1 of 28 · avg 16.9% | 17.6%#7 of 29 · avg 15.7% |
| 5 yearsPer year, the fairest single test | 19.5%Best#1 of 21 · avg 15% | 19.3%#1 of 22 · avg 14% |
| 10 yearsPer year, across bull and bear markets | 19.5%Best#1 of 16 · avg 15.9% | 15.8%#7 of 17 · avg 14.8% |
| RiskHow bumpy the ride was. This is what decides whether you stay invested. | ||
| Ups and downsVolatility: how far it swings in a typical year. Lower is calmer | 17.1%Bestcategory avg 16.2% | 17.8%category avg 16.3% |
| Worst fallThe biggest drop from a peak in 10 years. Lower is better | −34.1%Bestcategory avg −28.9% | −37.3%category avg −29.8% |
| Best 12 monthsIts strongest year | 92.5%Best | 84.2% |
| Worst 12 monthsIts weakest year | -23.2%Best | -27.7% |
| Odds of a gainShare of all 1-year holding periods that ended in profit | 88%Best | 74% |
| Cost and sizeThe fee comes out of your returns every year, whether the fund does well or not. | ||
| Expense ratioYearly fee. Lower keeps more for you | 0.48% | – |
| Fund sizeMoney managed (AUM). Neither better nor worse | ₹15,905 Cr | – |
| Minimum SIPSmallest monthly amount | ₹100 | – |
| Lock-inTime before you can withdraw | None | – |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
AInvesco India Mid Cap Fund
Might suit you if…
- you want the stronger long-run growth and can sit through sharper falls
- a smoother ride matters more to you than the top return
- you may need the money at short notice and want better odds of being in profit
BMotilal Oswal Midcap Fund
Might suit you if…
- you prefer its fund house or approach. On these numbers it is not the stand-out on any one measure