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HDFC Mutual Fund

HDFC Mid Cap Fund

HDFC Mutual Fund · Direct plan · Growth

  • Equity
  • Mid Cap Fund
  • Very High Risk
  • Rank 17 of 28 over 3 years
3-year returns
16%
a year
NAV
₹229.70
▼ 0.42% · 13 Nov 2026
Fund size
₹1.02 lakh Cr
Expense ratio
0.76%
a year
Minimum SIP
₹100

Figures are for the Direct plan. The Regular plan, bought through a distributor, is at ₹206.93 and has returned 15.29% a year over 3 years.

Returns, and where it stands

Against the average mid cap fund, and its place among them. Anything longer than a year is a yearly rate.

PeriodThis fundCategoryRank
1 year2.4%6.2%behind26 of 30
3 years16%16.3%behind17 of 28
5 years17.6%14%ahead2 of 21
10 years17.6%16.5%ahead6 of 16
Every period, and the Regular plan →
PeriodDirectRegular
1 month3.8%3.7%
3 months-3.1%-3.3%
6 months6%5.7%
1 year2.4%1.8%
2 yearsp.a.7.7%7%
3 yearsp.a.16%15.3%
5 yearsp.a.17.6%16.8%
7 yearsp.a.22.6%21.8%
10 yearsp.a.17.6%16.7%

Figures are for the Direct plan, and the rank compares it against the same plan of its peers, best first. Based on NAV history from Sept 2016.

Plan

NAV history

▲ 2.38% in the last 1Y

199.1218.1237.113 Nov 202515 May 202613 Nov 2026

Hover or tap the chart for the NAV on any date. Past NAVs are adjusted for unit splits.

If you had invested in this fund

Investment type
₹
years
Total invested
₹1,80,000
Gain
₹26,396
XIRR (per year)
9.11%
Value today
₹2,06,396

36 monthly instalments from 17 Nov 2023, valued at the latest NAV. Past returns do not guarantee future returns.

What the ride has been like

Worked out from this fund's own NAV history, not a rating.

How bumpy
15% a year
1.4% less than the category average — the steadier side
Worst fall so far
−39.5%
Jan 2018 to Mar 2020, against −29.4% for the category.
Years that made money
84.3%
Of every one-year stretch it has been through.
Over any three years
-8.4% to 40.4%
A year, at worst and at best. Typically 20.5%.

Fund details

Minimum lumpsum
₹100
Minimum top-up
₹100
Lock-in
None
Plan started
1 Jan 2013
Portfolio turnover
0.03x
Expense ratio
0.76%
as of 30 Sept 2026

Managed by Chirag Setalvad, Dhruv Muchhal

Direct plan figures, last checked on 7 Nov 2026. Exit load and the scheme's benchmark are in thescheme document.

How it compares

HDFC Mid Cap Fund against other funds in the Mid Cap Fund category
Fund1Y3Y5YExpenseFund size
Invesco India Mid Cap Fund10.92%23.99%18.8%0.76%₹15,749 Cr
HSBC Midcap Fund17.55%22.29%–1.15%₹16,800 Cr
WhiteOak Capital Mid Cap Fund10.38%21.21%–0.95%₹7,540 Cr
ICICI Prudential Mid Cap Fund8.51%20.5%15.5%1.11%₹7,961 Cr
Edelweiss Mid Cap Fund4.89%19.42%17.03%0.68%₹19,250 Cr
JM Mid Cap Fund10.41%18.58%–0.95%₹1,303 Cr
HDFC Mid Cap Fund2.38%16.02%17.55%0.76%₹1,01,856 Cr

About HDFC Mid Cap Fund

HDFC Mid Cap Fund is a mid cap fund managed by HDFC Mutual Fund. Invest at least 65% in mid-sized companies (ranked 101–250 by market value). Higher growth potential than large caps, with bigger swings.

The scheme seeks to provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies.

The scheme's stated objective, as published by HDFC Mutual Fund.

The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.

Tax on your gains

Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.

Work out what you would owe with the capital gains tax calculator.

Every plan and option, with scheme codes
PlanOptionNAVScheme code
DirectGrowth Option₹229.697118989
DirectIDCW Option₹81.561118988
RegularGrowth Option₹206.928105758
RegularIDCW Option₹51.916105757

Frequently asked questions

What is the NAV of HDFC Mid Cap Fund today?

The NAV of HDFC Mid Cap Fund (Direct plan, Growth) is ₹229.697 and the Regular plan NAV is ₹206.928, as of 13 Nov 2026.

What returns has HDFC Mid Cap Fund given?

Over the last year the Direct plan returned 2.38%, and 16.02% a year over 3 years and 17.55% a year over 5 years. That places it 17 of 28 funds in its category over 3 years. Past returns do not guarantee future returns.

What is the expense ratio of HDFC Mid Cap Fund?

The Direct plan charges 0.76% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.

What is the minimum SIP amount in HDFC Mid Cap Fund?

You can start a monthly SIP with ₹100, or invest a lump sum of ₹100 or more.

How much has HDFC Mid Cap Fund fallen in the past?

Its deepest fall was 39.5% from 8 Jan 2018 to 23 Mar 2020. Of every one-year stretch in its history, 84% ended in a gain.

Which category does HDFC Mid Cap Fund belong to?

It is a Mid Cap Fund from HDFC Mutual Fund. Invest at least 65% in mid-sized companies (ranked 101–250 by market value). Higher growth potential than large caps, with bigger swings.

What is the difference between the Direct and Regular plan?

Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.

How are gains from HDFC Mid Cap Fund taxed?

Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.

Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.