Mid-cap funds top equity categories over 1,3,5 years

Mid-cap funds generated average returns of 4.04% over one year, 17.98% annualised over three years and 15.77% annualised over five years, outperforming all other diversified equity categories.

HSBC Midcap Fund was the best-performing scheme over the past year with a return of 15.76%.

Small-cap funds came closest to mid-caps, delivering average returns of 2.92% over one year, 16.62% over three years and 15.30% over five years.

Flexi-cap funds posted an average -0.54% return over one year, while large-cap funds delivered -1.84%.

Data from Value Research as of 23rd July 2026 shows mid-cap funds leading across all time periods considered.