Best Index — Mid Cap Funds
Midcap 150 and select-midcap trackers — passive exposure to the growth tier.
Data updated · 23 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 | 83 | Strong Buy | 5.8% | 19.4% | 18.1% | 0.75 | 1.01 | 17.2 | -2.4 | 1.00 | 3★ | — | 0.26% | ₹3.7k Cr | 6.9y | |
| Axis Nifty Midcap 50 Index Axis | 78 | Strong Buy | 8.2% | 20.1% | — | 0.76 | 1.04 | 17.9 | -2.9 | 1.02 | — | — | 0.29% | ₹698 Cr | 4.3y | |
| ABSL Nifty Midcap 150 Index Aditya Birla Sun Life | 65 | Buy | 5.6% | 19.3% | 18.1% | 0.74 | 0.99 | 17.2 | -2.5 | 1.00 | — | — | 0.42% | ₹462 Cr | 5.3y | |
| Tata Nifty Midcap 150 Index Tata | 65 | Buy | 5.6% | — | — | 0.02 | 0.02 | 15.9 | -1.9 | 1.00 | — | — | 0.23% | ₹295 Cr | 1.1y | |
| SBI Nifty Midcap 150 Index SBI | 64 | Buy | 5.7% | 19.1% | — | 0.74 | 0.99 | 17.1 | -3.1 | 1.00 | — | — | 0.44% | ₹1.2k Cr | 3.8y | |
| Nippon India Nifty Midcap 150 Index Nippon India | 63 | Buy | 5.7% | 19.1% | 17.9% | 0.74 | 0.99 | 17.1 | -2.6 | 1.00 | 5★ | — | 0.34% | ₹2.6k Cr | 5.4y | |
| ICICI Pru Nifty Midcap 150 Index ICICI Pru | 61 | Hold | 5.6% | 19.1% | — | 0.73 | 0.98 | 17.2 | -2.7 | 1.00 | — | — | 0.34% | ₹1.2k Cr | 4.6y | |
| Navi Nifty Midcap 150 Index Navi | 57 | Hold | 5.5% | 19.0% | — | 0.73 | 0.98 | 17.1 | -2.8 | 1.00 | — | — | 0.32% | ₹389 Cr | 4.4y | |
| HDFC Nifty Midcap 150 Index HDFC | 52 | Hold | 5.5% | 19.0% | — | 0.73 | 0.97 | 17.1 | -2.8 | 1.00 | — | — | 0.35% | ₹651 Cr | 3.3y | |
| Kotak Nifty Midcap 150 Index Kotak | 43 | Avoid | 5.5% | — | — | 0.49 | 0.68 | 17.0 | -3.8 | 1.00 | — | — | 0.44% | ₹39 Cr | 1.3y | |
| Kotak Nifty Midcap 50 Index Kotak | 42 | Avoid | 8.1% | — | — | -0.08 | -0.11 | 17.9 | -0.7 | 1.01 | — | — | 0.42% | ₹78 Cr | 1.9y | |
| Navi Nifty Mid Small Cap 400 Index Navi | 40 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.38% | ₹12 Cr | 0.7y | |
| DSP Nifty Midcap 150 Index DSP | 40 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.40% | ₹16 Cr | 0.7y | |
| UTI Nifty Midcap 150 Index UTI | 35 | Avoid | 5.4% | — | — | -0.06 | -0.09 | 17.8 | -2.2 | 1.00 | — | — | 0.65% | ₹72 Cr | 1.6y | |
| Edelweiss Nifty Midcap150 Momentum 50 Index Edelweiss | 31 | Avoid | 0.8% | 18.8% | — | 0.62 | 0.84 | 19.8 | -4.3 | 1.12 | — | 24.9 | 0.51% | ₹1.7k Cr | 3.6y | |
| Baroda BNP Paribas Nifty Midcap 150 Index Baroda BNP Paribas | 29 | Avoid | 5.2% | — | — | -0.08 | -0.11 | 17.6 | -2.3 | 0.99 | 4★ | — | 0.56% | ₹10 Cr | 1.7y | |
| Tata Nifty Midcap 150 Momentum 50 Index Tata | 27 | Avoid | 0.4% | 18.2% | — | 0.59 | 0.80 | 19.8 | -5.3 | 1.11 | — | — | 0.49% | ₹1.2k Cr | 3.8y | |
| Bandhan Nifty Midcap 150 Index Bandhan | 27 | Avoid | 5.6% | — | — | -0.25 | -0.33 | 17.5 | -2.8 | 1.00 | — | — | 0.86% | ₹97 Cr | 1.8y | |
| Groww Nifty Midcap 150 Index Groww | 27 | Avoid | — | — | — | — | — | — | — | — | — | — | 0.46% | ₹15 Cr | 0.7y | |
| UTI Nifty Mid Small Cap 400 Momentum Quality 100 Index UTI | 26 | Avoid | 1.1% | — | — | — | — | — | — | — | — | — | 0.69% | ₹120 Cr | 1.4y | |
| JioBlackRock Nifty Midcap 150 Index JioBlackRock | 25 | Avoid | — | — | — | — | — | — | — | — | — | — | 1.07% | ₹269 Cr | 1.0y | |
| Kotak Nifty Midcap 150 Momentum 50 Index Kotak | 21 | Avoid | 0.8% | — | — | -0.50 | -0.68 | 20.2 | -8.6 | 1.11 | — | — | 0.38% | ₹432 Cr | 1.8y | |
| Zerodha Nifty Mid Small Cap400 50:50 Index Zerodha | 4 | Avoid | — | — | — | — | — | — | — | — | — | — | 1.36% | ₹10 Cr | 0.3y |
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 23 Index — Mid Cap funds with a FundLens Smart Score of 83/100 (Strong Buy). It returned 19.4% over 3 years and 18.1% over 5 years at a 0.26% expense ratio (direct plan). Rankings are recomputed from data updated 22 Jul 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 1.04 (Sharpe 0.76) — 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.
Want these answers conversationally? Ask FundLens · New to the ratios? Sharpe vs Sortino, explained