# Mid Cap Index mutual funds compared

Source page: https://www.rudowealth.com/mutual-funds/category/mid-cap-index-funds

Mid cap index funds hold the shares of a mid cap index, such as the NIFTY Midcap 150, in the same proportions, so their returns follow the index less costs. (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 17 mid cap index funds, Direct plan, Growth option, NAV as of 2026-10-07. Every figure is worked out from each fund's own NAV.

Category averages: 3-year return +13.5% a year, 5-year return +13.7% a year (both annualised), volatility over 3 years 18.4%, expense ratio 0.42%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [Motilal Oswal NIFTY Midcap 150 Index Fund - Direct Plan](https://www.rudowealth.com/mutual-funds/motilal-oswal-nifty-midcap-150-index-fund-direct-plan) | +1.4% | +13.6% | +13.8% | 18.3% | -21.2% | 0.33% | ₹4,151 Cr |
| 2 | [Aditya Birla Sun Life NIFTY Midcap 150 Index Fund-Direct Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-nifty-midcap-150-index-fund-direct-growth) | +1.2% | +13.5% | +13.7% | 18.4% | -21.2% | 0.44% | ₹503 Cr |
| 3 | [Nippon India NIFTY Midcap 150 Index Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-nifty-midcap-150-index-fund-direct-plan-growth-option) | +1.3% | +13.4% | +13.6% | 18.3% | -21.4% | 0.37% | ₹2,845 Cr |
| 4 | [Axis NIFTY Midcap 50 Index Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/axis-nifty-midcap-50-index-fund-direct-plan-growth-option) | +3.4% | +13.9% | N/A | 18.9% | N/A | 0.29% | ₹772 Cr |
| 5 | [SBI NIFTY Midcap 150 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sbi-nifty-midcap-150-index-fund-direct-plan-growth) | +1.3% | +13.4% | N/A | 18.3% | N/A | 0.46% | ₹1,292 Cr |
| 6 | [ICICI Prudential NIFTY Midcap 150 Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/icici-prudential-nifty-midcap-150-index-fund-direct-plan-growth) | +1.3% | +13.4% | N/A | 18.3% | N/A | 0.35% | ₹1,328 Cr |
| 7 | [HDFC NIFTY Midcap 150 Index Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-nifty-midcap-150-index-fund-growth-option-direct-plan) | +1.1% | +13.3% | N/A | 18.3% | N/A | 0.34% | ₹726 Cr |
| 8 | [Navi NIFTY Midcap 150 Index Fund Direct Plan- Growth](https://www.rudowealth.com/mutual-funds/navi-nifty-midcap-150-index-fund-direct-plan-growth) | +1.1% | +13.3% | N/A | 18.3% | N/A | 0.33% | ₹408 Cr |
| 9 | [Kotak NIFTY Midcap 50 Index Fund-Direct Plan- Growth](https://www.rudowealth.com/mutual-funds/kotak-nifty-midcap-50-index-fund-direct-plan-growth) | +3.3% | N/A | N/A | N/A | N/A | 0.40% | ₹86 Cr |
| 10 | [JioBlackRock NIFTY Midcap 150 Index Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/jioblackrock-nifty-midcap-150-index-fund-direct-plan-growth-option) | +1.3% | N/A | N/A | N/A | N/A | 0.34% | ₹287 Cr |
| 11 | [Tata NIFTY Midcap 150 Index Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/tata-nifty-midcap-150-index-fund-direct-plan-growth-option) | +1.2% | N/A | N/A | N/A | N/A | 0.23% | ₹332 Cr |
| 12 | [Kotak NIFTY Midcap 150 Index Fund-Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/kotak-nifty-midcap-150-index-fund-direct-plan-growth) | +1.1% | N/A | N/A | N/A | N/A | 0.39% | ₹47 Cr |
| 13 | [Bandhan NIFTY Midcap 150 Index Fund-Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/bandhan-nifty-midcap-150-index-fund-direct-plan-growth) | +1.1% | N/A | N/A | N/A | N/A | 0.79% | ₹93 Cr |
| 14 | [UTI NIFTY Midcap 150 Index Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/uti-nifty-midcap-150-index-fund-direct-plan-growth-option) | +1.1% | N/A | N/A | N/A | N/A | 0.66% | ₹79 Cr |
| 15 | [Baroda BNP Paribas NIFTY Midcap 150 Index Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/baroda-bnp-paribas-nifty-midcap-150-index-fund-direct-plan-growth-option) | +0.7% | N/A | N/A | N/A | N/A | 0.55% | ₹11 Cr |
| 16 | [DSP NIFTY Midcap 150 Index Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/dsp-nifty-midcap-150-index-fund-direct-growth) | N/A | N/A | N/A | N/A | N/A | 0.39% | ₹18 Cr |
| 17 | [Groww NIFTY Midcap 150 Index Fund Direct Growth](https://www.rudowealth.com/mutual-funds/groww-nifty-midcap-150-index-fund-direct-growth) | N/A | N/A | N/A | N/A | N/A | 0.49% | ₹16 Cr |

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. We do not label any fund as the best.

Investing from the UAE: NRIs can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.

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RuDo Wealth is a fee-only cross-border advisory operating through two separate companies. India: RuDo Wealth Investment Advisory, SEBI Registered Investment Adviser, registration INA000019503. UAE: RuDo Digital Wealth, FSRA Financial Services Permission 220155, Category 3C (Retail), ADGM. The entity permitted to serve you depends on your country of residence.

General information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.