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 Motilal Oswal | 79 | Strong Buy | -0.8% | 12.9% | 12.9% | 0.37 | 0.50 | 17.3 | -2.1 | 1.00 | 4★ | — | 0.35% | ₹4.0k Cr | 7.1y | |
| Axis Nifty Midcap 50 Index Axis | 77 | Buy | 0.9% | 13.4% | — | 0.39 | 0.52 | 17.9 | -2.5 | 1.03 | — | — | 0.29% | ₹732 Cr | 4.6y | |
| ABSL Nifty Midcap 150 Index Aditya Birla Sun Life | 64 | Buy | -1.1% | 12.8% | 12.8% | 0.37 | 0.49 | 17.2 | -2.2 | 1.00 | — | — | 0.45% | ₹469 Cr | 5.6y | |
| SBI Nifty Midcap 150 Index SBI | 61 | Hold | -1.0% | 12.7% | — | 0.36 | 0.48 | 17.1 | -2.7 | 1.00 | — | — | 0.47% | ₹1.2k Cr | 4.0y | |
| ICICI Pru Nifty Midcap 150 Index ICICI Pru | 61 | Hold | -1.0% | 12.7% | — | 0.36 | 0.48 | 17.2 | -2.3 | 1.00 | — | — | 0.35% | ₹1.3k Cr | 4.8y | |
| Tata Nifty Midcap 150 Index Tata | 59 | Hold | -1.1% | — | — | -0.44 | -0.60 | 15.3 | -1.4 | 1.00 | — | — | 0.23% | ₹318 Cr | 1.4y | |
| Nippon India Nifty Midcap 150 Index Nippon India | 58 | Hold | -0.9% | 12.7% | 12.7% | 0.36 | 0.48 | 17.2 | -2.3 | 1.00 | 4★ | — | 0.37% | ₹2.7k Cr | 5.7y | |
| JioBlackRock Nifty Midcap 150 Index JioBlackRock | 58 | Hold | -1.0% | — | — | -0.38 | -0.51 | 15.9 | -1.4 | 1.00 | — | — | 0.34% | ₹266 Cr | 1.2y | |
| HDFC Nifty Midcap 150 Index HDFC | 54 | Hold | -1.1% | 12.6% | — | 0.35 | 0.47 | 17.2 | -2.4 | 1.00 | — | — | 0.34% | ₹699 Cr | 3.5y | |
| Kotak Nifty Midcap 50 Index Kotak | 50 | Hold | 0.8% | — | — | -0.32 | -0.44 | 17.4 | -0.7 | 1.01 | — | — | 0.39% | ₹83 Cr | 2.2y | |
| Kotak Nifty Midcap 150 Index Kotak | 48 | Hold | -1.1% | — | — | 0.04 | 0.05 | 16.4 | -2.9 | 1.00 | — | — | 0.38% | ₹46 Cr | 1.6y | |
| Navi Nifty Midcap 150 Index Navi | 46 | Hold | -1.1% | 12.6% | — | — | — | — | — | — | — | — | 0.33% | ₹381 Cr | 4.6y | |
| UTI Nifty Mid Small Cap 400 Momentum Quality 100 Index UTI | 43 | Avoid | 1.9% | — | — | — | — | — | — | — | — | — | 0.82% | ₹130 Cr | 1.7y | |
| UTI Nifty Midcap 150 Index UTI | 42 | Avoid | -1.2% | — | — | -0.34 | -0.46 | 17.2 | -1.9 | 1.00 | — | — | 0.66% | ₹76 Cr | 1.9y | |
| DSP Nifty Midcap 150 Index DSP | 39 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.38% | ₹18 Cr | 0.9y | |
| Baroda BNP Paribas Nifty Midcap 150 Index Baroda BNP Paribas | 38 | Avoid | -1.5% | — | — | -0.36 | -0.48 | 17.1 | -2.0 | 1.00 | 4★ | — | 0.54% | ₹10 Cr | 2.0y | |
| Bandhan Nifty Midcap 150 Index Bandhan | 34 | Avoid | -1.2% | — | — | -0.48 | -0.64 | 17.0 | -2.4 | 1.00 | — | — | 0.65% | ₹87 Cr | 2.1y | |
| Edelweiss Nifty Midcap150 Momentum 50 Index Edelweiss | 30 | Avoid | -3.2% | 12.4% | — | 0.30 | 0.40 | 19.9 | -3.2 | 1.11 | — | 25.2 | 0.84% | ₹1.7k Cr | 3.9y | |
| Groww Nifty Midcap 150 Index Groww | 27 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.49% | ₹15 Cr | 1.0y | |
| Tata Nifty Midcap 150 Momentum 50 Index Tata | 25 | Avoid | -3.5% | 11.8% | — | 0.27 | 0.36 | 19.9 | -4.1 | 1.11 | — | — | 0.82% | ₹1.2k Cr | 4.0y | |
| Navi Nifty Mid Small Cap 400 Index Navi | 25 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.49% | ₹12 Cr | 0.9y | |
| Motilal Oswal BSE Midcap 150 Momentum 30 Index Motilal Oswal | 22 | Avoid | — | — | — | — | — | — | — | — | — | — | 2.41% | ₹156 Cr | 0.2y | |
| Kotak Nifty Midcap 150 Momentum 50 Index Kotak | 16 | Avoid | -3.2% | — | — | -0.61 | -0.83 | 19.6 | -5.7 | 1.10 | — | — | 0.73% | ₹447 Cr | 2.0y | |
| Zerodha Nifty Mid Small Cap400 50:50 Index Zerodha | 12 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.88% | ₹19 Cr | 0.6y |
Index — Mid Cap funds — quick answers
›Which is the best Index — Mid Cap mutual fund right now?
Motilal Oswal Nifty Midcap 150 Index currently ranks #1 of 24 Index — Mid Cap funds with a FundLens Smart Score of 79/100 (Strong Buy). It returned 12.9% over 3 years and 12.9% over 5 years at a 0.35% expense ratio (direct plan). Rankings are recomputed from data updated 20 Oct 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 0.52 (Sharpe 0.39) — 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 ₹10 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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