Best Index — Mid Cap Funds
Midcap 150 and select-midcap trackers — passive exposure to the growth tier.
Data updated · 24 direct-growth funds ranked by a transparent 0–100 Smart Score
| ⚖ VS | Fund | Score ↓ | Verdict | 1Y | 3Y | 5Y | Sharpe | Sortino | Std Dev | Alpha | Beta | VR★ | P/E | Expense | AUM | Age |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Midcap 150 Index Dir Motilal Oswal | 81 | Strong Buy | 5.0% | 15.2% | 15.8% | 0.51 | 0.68 | 17.1 | -2.1 | 1.00 | 4★ | — | 0.33% | ₹4.2k Cr | 7.1y | |
| Axis Nifty Midcap 50 Index Axis | 78 | Strong Buy | 7.5% | 15.7% | — | 0.52 | 0.70 | 17.8 | -2.6 | 1.02 | — | — | 0.29% | ₹768 Cr | 4.5y | |
| Tata Nifty Midcap 150 Index Tata | 65 | Buy | 4.8% | — | — | -0.10 | -0.14 | 15.3 | -1.6 | 1.00 | — | — | 0.23% | ₹332 Cr | 1.3y | |
| ABSL Nifty Midcap 150 Index Aditya Birla Sun Life | 63 | Buy | 4.8% | 15.0% | 15.7% | 0.50 | 0.67 | 17.1 | -2.3 | 1.00 | — | — | 0.44% | ₹503 Cr | 5.5y | |
| JioBlackRock Nifty Midcap 150 Index JioBlackRock | 63 | Buy | 4.9% | — | — | 0.01 | 0.01 | 15.8 | -1.7 | 1.00 | — | — | 0.34% | ₹287 Cr | 1.1y | |
| SBI Nifty Midcap 150 Index SBI | 61 | Hold | 4.9% | 14.9% | — | 0.50 | 0.66 | 17.0 | -2.8 | 1.00 | — | — | 0.46% | ₹1.3k Cr | 4.0y | |
| ICICI Pru Nifty Midcap 150 Index ICICI Pru | 59 | Hold | 4.9% | 14.9% | — | 0.49 | 0.66 | 17.1 | -2.4 | 1.00 | — | — | 0.35% | ₹1.3k Cr | 4.7y | |
| Nippon India Nifty Midcap 150 Index Nippon India | 57 | Hold | 4.9% | 14.9% | 15.6% | 0.49 | 0.66 | 17.1 | -2.3 | 1.00 | 4★ | — | 0.37% | ₹2.8k Cr | 5.6y | |
| HDFC Nifty Midcap 150 Index HDFC | 51 | Hold | 4.8% | 14.8% | — | 0.49 | 0.65 | 17.1 | -2.5 | 1.00 | — | — | 0.34% | ₹726 Cr | 3.4y | |
| Kotak Nifty Midcap 150 Index Kotak | 47 | Hold | 4.7% | — | — | 0.35 | 0.49 | 16.4 | -3.2 | 1.00 | — | — | 0.39% | ₹47 Cr | 1.5y | |
| Navi Nifty Midcap 150 Index Navi | 44 | Avoid | 4.7% | 14.8% | — | — | — | — | — | — | — | — | 0.33% | ₹408 Cr | 4.5y | |
| Kotak Nifty Midcap 50 Index Kotak | 44 | Avoid | 7.5% | — | — | -0.14 | -0.19 | 17.4 | -0.7 | 1.01 | — | — | 0.40% | ₹86 Cr | 2.1y | |
| Edelweiss Nifty Midcap150 Momentum 50 Index Edelweiss | 43 | Avoid | 2.6% | 15.0% | — | 0.43 | 0.58 | 19.8 | -3.2 | 1.12 | — | 23.1 | 0.93% | ₹1.8k Cr | 3.8y | |
| DSP Nifty Midcap 150 Index DSP | 40 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.39% | ₹18 Cr | 0.8y | |
| Motilal Oswal BSE Midcap 150 Momentum 30 Index Dir Motilal Oswal | 40 | Avoid | — | — | — | — | — | — | — | — | — | — | — | ₹114 Cr | 0.1y | |
| UTI Nifty Midcap 150 Index UTI | 35 | Avoid | 4.7% | — | — | -0.13 | -0.18 | 17.2 | -2.0 | 1.00 | — | — | 0.66% | ₹79 Cr | 1.8y | |
| Baroda BNP Paribas Nifty Midcap 150 Index Baroda BNP Paribas | 33 | Avoid | 4.5% | — | — | -0.15 | -0.20 | 17.1 | -2.1 | 0.99 | — | — | 0.55% | ₹11 Cr | 1.9y | |
| Bandhan Nifty Midcap 150 Index Bandhan | 31 | Avoid | 4.7% | — | — | -0.30 | -0.40 | 17.0 | -2.6 | 1.00 | — | — | 0.79% | ₹93 Cr | 2.0y | |
| Groww Nifty Midcap 150 Index Groww | 27 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.49% | ₹16 Cr | 0.9y | |
| Tata Nifty Midcap 150 Momentum 50 Index Tata | 24 | Avoid | 2.3% | 14.4% | — | 0.40 | 0.54 | 19.8 | -4.1 | 1.12 | — | — | 0.93% | ₹1.3k Cr | 3.9y | |
| UTI Nifty Mid Small Cap 400 Momentum Quality 100 Index UTI | 23 | Avoid | 3.6% | — | — | — | — | — | — | — | — | — | 0.93% | ₹134 Cr | 1.6y | |
| Navi Nifty Mid Small Cap 400 Index Navi | 23 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.54% | ₹13 Cr | 0.8y | |
| Kotak Nifty Midcap 150 Momentum 50 Index Kotak | 16 | Avoid | 2.7% | — | — | -0.48 | -0.64 | 19.7 | -6.8 | 1.11 | — | — | 0.84% | ₹474 Cr | 2.0y | |
| Zerodha Nifty Mid Small Cap400 50:50 Index Zerodha | 15 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.90% | ₹17 Cr | 0.5y |
Index — Mid Cap funds — quick answers
›Which is the best Index — Mid Cap mutual fund right now?
Motilal Oswal Nifty Midcap 150 Index Dir currently ranks #1 of 24 Index — Mid Cap funds with a FundLens Smart Score of 81/100 (Strong Buy). It returned 15.2% over 3 years and 15.8% over 5 years at a 0.33% expense ratio (direct plan). Rankings are recomputed from data updated 20 Sept 2026.
›Which Index — Mid Cap fund has the best risk-adjusted returns?
Axis Nifty Midcap 50 Index leads the category on the Sortino ratio at 0.70 (Sharpe 0.52) — meaning it has delivered the most return per unit of downside risk among Index — Mid Cap funds.
›Which Index — Mid Cap fund has the lowest expense ratio?
Tata Nifty Midcap 150 Index charges 0.23% a year (direct plan) — the lowest in the category. Lower fees compound in your favour over long holding periods.
›Which is the smallest Index — Mid Cap fund by AUM?
Baroda BNP Paribas Nifty Midcap 150 Index manages ₹11 Cr, the smallest in the category. Smaller funds can be nimbler, but check track record and costs before treating size alone as an edge.
›How long should I stay invested in a Index — Mid Cap fund?
Index — Mid Cap funds carry very high risk, so a horizon of 7+ years is generally sensible. Midcap 150 and select-midcap trackers — passive exposure to the growth tier. This is research, not investment advice.
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