Top Mid Cap Funds for SIP in 2026

What is a Mid Cap Fund?

Mid-cap funds are a type of equity fund that invest at least 65% of their money in companies ranked 101-250 by market capitalisation. Mid cap funds strike a balance between high growth potential and moderate risk when held for the long term.

• Market Cap Size: These mid-size companies have a market capitalisation generally ranging from ₹5,000 crore to ₹20,000 crore. Mid-cap funds offer a balance of growth and stability.
• Objective: Mid-cap funds aim to provide higher returns than large-cap funds while presenting less risk than small-cap funds. 
• Benefit: They offer a mix of growth potential and stability, ideal for medium and long-term investors.
• Suitable For: Suitable for investors with a moderate risk appetite and long-term goals. They are ideal for investors who are looking for growth opportunities without the extreme volatility associated with smaller companies.

Top Mid Cap Funds for SIP in 2026

Some of the top-performing mid-cap funds for SIP in 2026 based on returns, portfolio quality, and fund manager performance, are as follows:

Details of Top Mid Cap Mutual Funds for SIP in 2026

Below are the details of best SIP plans for SIP in 2026: 

1. Nippon India Growth Mid Cap Fund Direct- Growth

   Nippon India Growth Mid Cap Fund Direct- Growth achieves long-term growth of capital by investing predominantly in equity and equity-related securities through a research-based investment approach, with some exposure to debt and money market instruments.

   Parameters	Details
   Fund Name	Nippon India Growth Mid Cap Fund Direct- Growth
   NAV	₹ 4,312.75 (as on 24th March, 2026)
   AUM	₹38,581.28 Crs
   Expense Ratio	0.77%
   Risk Level	Principal at very high risk
   Fund Category	Equity
   Launch Date	NA

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2. HDFC Mid Cap Fund Direct-Growth

   HDFC Mid Cap Fund Direct-Growth generates long-term capital appreciation/income by investing predominantly in mid-cap companies, targeting those with reasonable growth prospects, sound financials, sustainable business models, and attractive valuations.

   Parameters	Details
   Fund Name	HDFC Mid Cap Fund Direct-Growth
   NAV	₹ 202.87 (as on 24th March, 2026)
   AUM	₹83,847.39 Crs
   Expense Ratio	0.77%
   Risk Level	Principal at very high risk
   Fund Category	Equity
   Launch Date	1st January, 2013

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3. Motilal Oswal Midcap Fund Direct-Growth

   The investment objective is to achieve long-term capital appreciation by investing in quality mid-cap companies with long-term competitive advantages and growth potential.

   Parameters	Details
   Fund Name	Motilal Oswal Midcap Fund Direct-Growth
   NAV	₹ 95.66 (as on 24th March, 2026)
   AUM	₹33,608.53 Crs
   Expense Ratio	0.85%
   Risk Level	Principal at very high risk
   Fund Category	Equity
   Launch Date	24th February, 2014

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4. Invesco India Mid Cap Fund Direct-Growth

   The objective is to generate capital appreciation by investing predominantly in mid-cap companies.

   Parameters	Details
   Fund Name	Invesco India Mid Cap Fund Direct-Growth
   NAV	₹ 194.72 (as on 24th March, 2026)
   AUM	₹7,801.80 Crs
   Expense Ratio	0.55%
   Risk Level	Principal at very high risk
   Fund Category	Equity
   Launch Date	NA

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5. Axis Midcap Direct Plan-Growth

   The scheme seeks long-term capital appreciation by investing predominantly in equity and equity-related instruments of mid-cap companies.

   Parameters	Details
   Fund Name	Axis Midcap Direct Plan-Growth
   NAV	₹ 122.59 (as on 24th March, 2026)
   AUM	₹31,383.93 Crs
   Expense Ratio	0.54%
   Risk Level	Principal at very high risk
   Fund Category	Equity
   Launch Date	NA

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6. ICICI Prudential Midcap Direct Plan-Growth

   The primary objective is to generate capital appreciation by actively investing in diversified mid-cap stocks.

   Parameters	Details
   Fund Name	ICICI Prudential Midcap Direct Plan-Growth
   NAV	₹ 331.23 (as on 24th March, 2026)
   AUM	₹6,654.40 Crs
   Expense Ratio	1.04%
   Risk Level	Principal at very high risk
   Fund Category	Equity
   Launch Date	NA

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7. Kotak Midcap Fund Direct-Growth

   The investment objective is to generate long-term capital appreciation from a portfolio of equity and equity-related securities, predominantly in mid-cap companies.

   Parameters	Details
   Fund Name	Kotak Midcap Fund Direct-Growth
   NAV	₹ 144.86 (as on 24th March, 2026)
   AUM	₹57,375.20 Crs
   Expense Ratio	0.38%
   Risk Level	Principal at very high risk
   Fund Category	Equity
   Launch Date	NA

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8. SBI Mid Cap Direct Plan-Growth

   The scheme aims to provide long-term capital growth by investing predominantly in a well-diversified basket of equity stocks of mid-cap companies.

   Parameters	Details
   Fund Name	SBI Mid Cap Direct Plan-Growth
   NAV	₹ 239.24 (as on 24th March, 2026)
   AUM	₹22,546.50 Crs
   Expense Ratio	0.86%
   Risk Level	Principal at very high risk
   Fund Category	Equity
   Launch Date	NA

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9. Franklin India Mid Cap Fund Direct-Growth

   The fund targets medium to long-term capital appreciation as a primary objective by investing predominantly in mid-sized companies.

   Parameters	Details
   Fund Name	Franklin India Mid Cap Fund Direct-Growth
   NAV	₹ 2,770.00 (as on 24th March, 2026)
   AUM	₹12,540.39 Crs
   Expense Ratio	1.02%
   Risk Level	Principal at very high risk
   Fund Category	Equity
   Launch Date	1st January, 2013

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10. Mirae Asset Midcap Fund Direct - Growth

    The scheme seeks to achieve long-term capital appreciation through investments primarily in mid-cap equity and equity-related instruments.

    Parameters	Details
    Fund Name	Mirae Asset Midcap Fund Direct - Growth
    NAV	₹ 36.81 (as on 24th March, 2026)
    AUM	₹17,030.61 Crs
    Expense Ratio	0.58%
    Risk Level	Principal at very high risk
    Fund Category	Equity
    Launch Date	29th July, 2019

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How Do Mid Cap Funds for SIP Works?

Mid-cap funds are a type of mutual fund that primarily invests in mid-sized companies, which are defined by their market capitalisation.

Let us learn a brief overview of how they operate from the following:

• Focus on Mid-Sized Companies: They invest in companies ranked 101-250 by market size.
• Growth Potential: These companies are expanding and may grow faster than large companies.
• Risk and Returns: They are riskier than large-cap funds but safer than small-cap funds, offering good long-term returns.
• Diversification: Investing in many companies reduces the risk of poor performance by one.
• Active Management: Fund managers choose mid-cap companies with strong growth prospects.
• Tax Benefits: You get tax deductions on premiums paid in ULIP Plans under Section 80C, and maturity proceeds are tax-free under Section 10(10D) of the Income Tax Act, 1961.
• Ideal for Long-Term: Best for investors with medium to high risk tolerance and long-term goals.

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Monthly SIP Yearly SIP Lumpsum

I want to invest Pro Tip

Financial experts suggest that a person should invest 10-15% of their monthly income for long-term financial growth

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Financial experts suggest that individuals should ideally invest for a period of 5 to 10 years, or even longer, to maximize the benefits of compounding and navigate market fluctuations effectively

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Expected return Pro Tip

Top 25% of investors consistently generate more than 12% return

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Total Wealth ₹1.03 Cr

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I want to invest for Pro Tip

Financial experts suggest that individuals should ideally invest for a period of 5 to 10 years, or even longer, to maximize the benefits of compounding and navigate market fluctuations effectively

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Expected return Pro Tip

Top 25% of investors consistently generate more than 12% return

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Monthly Investment ₹22.4 L

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Top Funds with High Returns (Past 7 Years)

11.82%

Equity Pension

13.77%

Opportunities Fund

17.61%

High Growth Fund

11.94%

Opportunities Fund

22%

Multi Cap Fund

13.34%

Accelerator Mid-Cap Fund II

14.86%

Multiplier

13.46%

Frontline Equity Fund

14.19%

Virtue II

9.89%

Equity II Fund

9.8%

Blue-Chip Equity Fund

14.18%

Growth Opportunities Plus Fund

10.88%

Equity Top 250 Fund

11.79%

Future Opportunity Fund

10.71%

Pension Dynamic Equity Fund

13.07%

Accelerator Fund

Who Should Invest in Mid-Cap Funds?

Mid-cap funds are suitable for investors seeking higher returns and willing to take moderate risks:

• Growth-Oriented Investors: Ideal for those looking to invest in companies with high growth potential.
• Medium to High-Risk Tolerance: Suitable for investors who can handle market ups and downs.
• Long-Term Goals: Best for those with an investment horizon of 5-10 years or more.
• Wealth Accumulation: Suitable for building wealth over time, especially for future needs like buying a home or retirement.
• Portfolio Diversification: A good investment option for diversifying portfolios that already include large-cap or small-cap funds.
• Experienced Investors: Ideal for those familiar with market trends and willing to take calculated risks.

Conclusion

In 2026, mid cap mutual funds remain one of the best investment plans for long-term wealth creation when invested through SIPs. While they entail more volatility, the reward potential is strong for those who stay invested consistently and choose high-quality funds with solid performance records.

With thoughtful fund selection, disciplined monthly investing, and a long investment horizon, SIP in mid cap funds can be a cornerstone of a powerful long-term portfolio.