
Midcap mutual funds invest in companies ranked between 101 and 250 by market value. These companies can grow faster than large-cap firms but also carry higher risk. To help investors identify strong performers, here is a list of midcap funds that have beaten their benchmark indices over a 3-year period, based on AMFI data available on 19 November 2025.
The table below shows the schemes that generated higher annualised returns than their respective benchmarks.
| Fund Name | Direct Plan (Annualised) | Regular Plan (Annualised) | Benchmark | Benchmark Return |
| Motilal Oswal Midcap Fund | 28.14% | 26.81% | Nifty Midcap 150 TRI | 24.79% |
| Edelweiss Midcap Fund | 27.16% | 25.41% | Nifty Midcap 150 TRI | 24.79% |
| HDFC Midcap Fund | 27.39% | 26.56% | Nifty Midcap 150 TRI | 24.79% |
| HSBC Midcap Fund | 27.02% | 25.67% | Nifty Midcap 150 TRI | 24.79% |
| Invesco India Midcap Fund | 29.3% | 27.7% | BSE Midcap 150 TRI | 24.22% |
| Nippon India Midcap Fund | 26.91% | 25.90% | Nifty Midcap 150 TRI | 24.79% |
| White Oak Capital Midcap Fund | 28.56% | 26.53% | BSE Midcap 150 TRI | 24.22% |
Looking at 3-year performance gives a better picture of how a fund has handled different market conditions. As per the data available, Invesco India Midcap Fund and White Oak Capital Midcap Fund stood out with some of the strongest outperformance. Short-term numbers can be affected by sudden rallies or corrections, while longer trends reveal consistency in strategy and stock selection.
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Several midcap mutual funds have managed to outperform their benchmark indices over the last three years, showing strong and steady performance. However, investors should remember that past performance does not guarantee future results. It is important to consider risk level, investment goals and market conditions before choosing a midcap fund.
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.
Mutual fund investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Nov 20, 2025, 2:54 PM IST

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