Top Midcap and Smallcap Mutual Funds by Lump Sum Investment Returns
Midcap and smallcap mutual funds invest in medium- and small-sized listed businesses. Stocks ranked from 101st to 250th by market capitalisation fall under the midcap segment, while those ranked 251st and beyond are categorised as smallcaps.
According to data from the Association of Mutual Funds in India (AMFI), eight top-performing midcap and smallcap funds have outperformed their respective benchmarks—Nifty Midcap 150 TRI (23.30% annualised return) and Nifty Smallcap 250 TRI (24.57% annualised return). These schemes have rewarded investors with annualised returns ranging from 25% to 39% in the last five years, with a one-time investment of ₹75,000 appreciating to ₹2,30,000-₹3,92,000.
Top 8 Midcap and Smallcap Mutual Funds
Here are the top eight mutual funds based on their 5-year returns:
Midcap Funds
- Quant Mid Cap Fund – Delivered an annualised return of 30.09%, with a lump sum investment of ₹75,000 growing to ₹2,79,000.
- Motilal Oswal Midcap Fund – Generated a 27.72% annualised return, translating ₹75,000 into ₹2,55,000.
- Edelweiss Mid Cap Fund – Yielded a 25.97% annualised return, growing ₹75,000 to ₹2,38,000.
- HDFC Mid-Cap Opportunities Fund – Provided an annualised return of 25.17%, turning ₹75,000 into ₹2,30,000.
Smallcap Funds
- Quant Small Cap Fund – Led the smallcap segment with a 39.17% annualised return, growing ₹75,000 into ₹3,92,000.
- Nippon India Small Cap Fund – Achieved a 29.63% annualised return, with a corpus increase to ₹2,75,000.
- Bank of India Small Cap Fund – Recorded a 29.25% annualised return, growing ₹75,000 to ₹2,71,000.
- Tata Small Cap Fund – Provided a 27.72% annualised return, turning ₹75,000 into ₹2,55,000.
Benchmark Performance Comparison
The midcap and smallcap mutual funds listed above have consistently outperformed their respective benchmarks:
- Nifty Midcap 150 TRI: 23.30% annualised return
- Nifty Smallcap 250 TRI: 24.57% annualised return
The above mutual funds have demonstrated robust growth in the past five years, significantly outperforming benchmark indices.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 17, 2025, 7:25 PM IST

Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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