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 | 9.9% | 16.2% | 16.8% | 0.57 | 0.76 | 17.1 | -2.2 | 1.00 | 4★ | — | 0.33% | ₹3.9k Cr | 7.0y | |
| Axis Nifty Midcap 50 Index Axis | 80 | Strong Buy | 13.0% | 17.1% | — | 0.59 | 0.81 | 17.8 | -2.4 | 1.02 | — | — | 0.29% | ₹733 Cr | 4.4y | |
| Tata Nifty Midcap 150 Index Tata | 65 | Buy | 9.7% | — | — | -0.02 | -0.03 | 15.3 | -1.6 | 1.00 | — | — | 0.24% | ₹317 Cr | 1.3y | |
| ABSL Nifty Midcap 150 Index Aditya Birla Sun Life | 64 | Buy | 9.8% | 16.1% | 16.6% | 0.56 | 0.75 | 17.1 | -2.3 | 1.00 | — | — | 0.44% | ₹487 Cr | 5.4y | |
| SBI Nifty Midcap 150 Index SBI | 64 | Buy | 9.8% | 16.0% | — | 0.56 | 0.74 | 17.1 | -2.8 | 1.00 | — | — | 0.46% | ₹1.2k Cr | 3.9y | |
| JioBlackRock Nifty Midcap 150 Index JioBlackRock | 63 | Buy | 9.8% | — | — | 0.10 | 0.14 | 15.9 | -1.7 | 1.00 | — | — | 0.36% | ₹285 Cr | 1.1y | |
| ICICI Pru Nifty Midcap 150 Index ICICI Pru | 60 | Hold | 9.8% | 15.9% | — | 0.55 | 0.73 | 17.1 | -2.4 | 1.00 | — | — | 0.36% | ₹1.3k Cr | 4.7y | |
| Nippon India Nifty Midcap 150 Index Nippon India | 59 | Hold | 9.9% | 16.0% | 16.5% | 0.55 | 0.74 | 17.1 | -2.4 | 1.00 | 4★ | — | 0.37% | ₹2.7k Cr | 5.5y | |
| HDFC Nifty Midcap 150 Index HDFC | 55 | Hold | 9.7% | 15.9% | — | 0.55 | 0.73 | 17.1 | -2.5 | 1.00 | — | — | 0.35% | ₹687 Cr | 3.4y | |
| Navi Nifty Midcap 150 Index Navi | 49 | Hold | 9.7% | 15.9% | — | — | — | — | — | — | — | — | 0.33% | ₹398 Cr | 4.5y | |
| Kotak Nifty Midcap 150 Index Kotak | 48 | Hold | 9.7% | — | — | 0.43 | 0.59 | 16.4 | -3.3 | 1.00 | — | — | 0.42% | ₹41 Cr | 1.5y | |
| Kotak Nifty Midcap 50 Index Kotak | 46 | Hold | 12.9% | — | — | -0.09 | -0.13 | 17.4 | -0.6 | 1.01 | — | — | 0.41% | ₹81 Cr | 2.1y | |
| DSP Nifty Midcap 150 Index DSP | 44 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.41% | ₹17 Cr | 0.8y | |
| UTI Nifty Midcap 150 Index UTI | 35 | Avoid | 9.6% | — | — | -0.08 | -0.11 | 17.2 | -2.0 | 1.00 | — | — | 0.66% | ₹76 Cr | 1.8y | |
| Baroda BNP Paribas Nifty Midcap 150 Index Baroda BNP Paribas | 32 | Avoid | 9.4% | — | — | -0.10 | -0.14 | 17.1 | -2.1 | 0.99 | 4★ | — | 0.54% | ₹10 Cr | 1.8y | |
| Bandhan Nifty Midcap 150 Index Bandhan | 31 | Avoid | 9.6% | — | — | -0.26 | -0.35 | 17.1 | -2.7 | 1.00 | — | — | 0.66% | ₹92 Cr | 2.0y | |
| Groww Nifty Midcap 150 Index Groww | 31 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.47% | ₹15 Cr | 0.9y | |
| Edelweiss Nifty Midcap150 Momentum 50 Index Edelweiss | 30 | Avoid | 5.7% | 15.7% | — | 0.46 | 0.63 | 19.8 | -3.7 | 1.12 | — | 23.4 | 1.06% | ₹1.7k Cr | 3.8y | |
| UTI Nifty Mid Small Cap 400 Momentum Quality 100 Index UTI | 26 | Avoid | 8.2% | — | — | — | — | — | — | — | — | — | 0.97% | ₹127 Cr | 1.6y | |
| Tata Nifty Midcap 150 Momentum 50 Index Tata | 24 | Avoid | 5.3% | 15.1% | — | 0.43 | 0.59 | 19.8 | -4.6 | 1.11 | — | — | 1.08% | ₹1.2k Cr | 3.9y | |
| Navi Nifty Mid Small Cap 400 Index Navi | 24 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.51% | ₹12 Cr | 0.8y | |
| Motilal Oswal BSE Midcap 150 Momentum 30 Index Dir Motilal Oswal | 23 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.47% | ₹0 Cr | 0.1y | |
| Zerodha Nifty Mid Small Cap400 50:50 Index Zerodha | 17 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.96% | ₹12 Cr | 0.5y | |
| Kotak Nifty Midcap 150 Momentum 50 Index Kotak | 14 | Avoid | 5.7% | — | — | -0.47 | -0.64 | 19.7 | -7.4 | 1.11 | — | — | 1.00% | ₹434 Cr | 1.9y |
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 16.2% over 3 years and 16.8% over 5 years at a 0.33% expense ratio (direct plan). Rankings are recomputed from data updated 05 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 0.81 (Sharpe 0.59) — 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 0.24% 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?
Motilal Oswal BSE Midcap 150 Momentum 30 Index Dir manages ₹0 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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