These 8 mid-cap funds fail to beat their benchmark index: One has a negative alpha of 7

Eight mid-cap mutual funds have a negative alpha, meaning they have underperformed their benchmark after adjusting for market risk.

Taurus Mid Cap Fund has the lowest alpha at -7.20, indicating the most significant underperformance among the eight funds.

The list includes PGIM India Mid Cap Fund (-3.89), UTI Midcap Fund (-3.62), SBI Midcap Fund (-3.22), Quant Mid Cap Fund (-1.01), LIC MF Midcap Fund (-0.46), DSP Midcap Fund (-0.20), and Franklin India Mid Cap Fund (-0.16).

Data sourced from Value Research as of 30 June 2026, based on calendar month returns for the last three years.