Mid Cap Index Mutual Funds

All 17 mid cap index funds, Regular Growth plans, compared on returns, risk and cost. NAV as of 7 Oct 2026.

Category average

+12.8%

3-year return, annualised

Category average

+13.0%

5-year return, annualised

Category average

18.4%

Volatility, 3 years

Category average

1.05%

Expense ratio

Mid Cap Index funds compared

Regular plan, Growth option. Returns as of 7 Oct 2026. Click a column heading to sort.

Regular plans pay a distributor commission out of the fund, so their expense ratio is higher and their returns lower than the same fund's Direct plan.

Returns (3Y and 5Y annualised)ConsistencyRiskCost and size
1Aditya Birla Sun Life NIFTY Midcap 150 Index Fund-Regular Growth
+0.6%+12.9%+13.0%3 of 518.4%-21.6%0.99%₹503 Cr
2Nippon India NIFTY Midcap 150 Index Fund
+0.8%+12.9%+13.0%5 of 518.3%-21.7%0.88%₹2,845 Cr
3Motilal Oswal NIFTY Midcap 150 Index Fund
+0.6%+12.8%+12.9%3 of 518.3%-21.6%1.12%₹4,151 Cr
4Axis NIFTY Midcap 50 Index Fund
+2.6%+13.1%N/A3 of 418.9%N/A1.10%₹772 Cr
5SBI NIFTY Midcap 150 Index Fund
+0.9%+12.8%N/A3 of 418.3%N/A0.88%₹1,292 Cr
6HDFC NIFTY Midcap 150 Index Fund
+0.7%+12.7%N/A2 of 318.3%N/A0.82%₹726 Cr
7ICICI Prudential NIFTY Midcap 150 Index Fund
+0.6%+12.6%N/A0 of 518.3%N/A1.09%₹1,328 Cr
8Navi NIFTY Midcap 150 Index Fund Regular Plan
+0.3%+12.4%N/A0 of 418.3%N/A1.10%₹408 Cr
9Kotak NIFTY Midcap 50 Index Fund-Regular Plan-Growth
+2.7%N/AN/A2 of 2N/AN/A1.01%₹86 Cr
10Kotak NIFTY Midcap 150 Index Fund-Regular Plan-Growth
+0.6%N/AN/A1 of 1N/AN/A0.86%₹47 Cr
11UTI NIFTY Midcap 150 Index Fund
+0.6%N/AN/A1 of 2N/AN/A1.09%₹79 Cr
12Bandhan NIFTY Midcap 150 Index Fund-Regular Plan-Growth
+0.4%N/AN/A0 of 2N/AN/A1.57%₹93 Cr
13Tata NIFTY Midcap 150 Index Fund
+0.2%N/AN/A0 of 1N/AN/A1.05%₹332 Cr
14Baroda BNP Paribas NIFTY Midcap 150 Index Fund
0.0%N/AN/A0 of 2N/AN/A1.22%₹11 Cr
15DSP NIFTY Midcap 150 Index Fund
N/AN/AN/A0 of 1N/AN/A1.12%₹18 Cr
16Groww NIFTY Midcap 150 Index Fund Regular Growth
N/AN/AN/A0 of 1N/AN/A1.13%₹16 Cr
17JioBlackRock NIFTY Midcap 150 Index Fund
N/AN/AN/AN/AN/AN/A0.85%₹0 Cr

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Click a heading to sort by another figure. Top half, by year shows the fund's quartile in the category each calendar year from 2017 to 2026(green top quarter, grey second, amber third, red bottom; an outline means too young to rank) and how many of those years it finished in the top half. Returns over 3 years and longer are compounded annual returns. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. N/A means the fund is too young for that period.

What a mid cap index fund is

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.

Source: SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.

Investing from the UAE

NRIs living in the UAE 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, or accept them only offline. 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.

Questions

How are these mid cap index funds ordered?

By 5-year annualised return, highest first. Funds younger than 5 years follow, ordered by 3-year return and then 1-year return. Every figure is worked out from each fund's own Direct Growth NAV, the same way for every fund. We do not label any fund as the best.

Can NRIs living in the UAE invest in mid cap index funds?

Generally yes, once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept investments from residents of the United States or Canada, or accept them only offline, so check the fund house's current policy if that applies to you.

How are gains taxed for NRIs?

For equity funds, India taxes gains on units held for 12 months or less at 20%, and gains on units held longer at 12.5% on the amount above ₹1.25 lakh in a financial year, plus cess and any surcharge. For NRIs the fund house deducts this tax when you redeem. The outcome depends on your tax residence and facts, so confirm your position with a tax adviser.

Fund data comes from RuDo Wealth fund analytics; every return, volatility and worst fall is computed from the fund's ownRegular Growth NAV. Method reviewed by Alok Kumar, Chief Executive Officer, RuDo Digital Wealth, October 2026.

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.

This page is general information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.

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