₹10K SIP to ₹10L+ in just 5 yrs: 6 mid-cap funds that did it

Summary: Mid-cap funds are known for their ‘high risk, high reward’ nature. But for investors who stayed the course, they have delivered rich gains over the long term. Here, we look at six mid-cap funds that turned a simple Rs 10,000 SIP into substantial wealth in just five years.

Mid-cap funds invest at least 65 per cent of their assets in mid-cap stocks, ranked 101-250 by market capitalisation. Wedged between the sturdy large-cap funds and fast-growing small-cap funds, mid-cap funds have managed to hold their ground, delivering nearly 21 per cent annualised returns over a five-year period.

And so, we decided to look at the top-performing mid-cap funds of the last five years, which grew a simple Rs 10,000 SIP into at least Rs 10 lakh during the same period. Let’s dive in.

#6 Motilal Oswal Mid Cap Fund

• Five-year SIP return: 20.87 per cent
• Value of a Rs 10,000 monthly SIP after five years: Rs 10.11 lakh
• Assets under management (AUM): Rs 36,880 crore
• Expense ratio: 0.77 per cent

#5 ICICI Prudential Midcap Fund

• Five-year SIP return: 20.91 per cent
• Value of a Rs 10,000 monthly SIP after five years: Rs 10.01 lakh
• Assets under management (AUM): Rs 7,132 crore
• Expense ratio: 1.04 per cent

#4 Nippon India Growth Mid Cap Fund

• Five-year SIP return: 21.57 per cent
• Value of a Rs 10,000 monthly SIP after five years: Rs 10.26 lakh
• Assets under management (AUM): Rs 42,124 crore
• Expense ratio: 0.74 per cent

#3 Edelweiss Mid Cap Fund

• Five-year SIP return: 22.20 per cent
• Value of a Rs 10,000 monthly SIP after five years: Rs 10.43 lakh
• Assets under management (AUM): Rs 13,650 crore
• Expense ratio: 0.42 per cent

#2 Invesco India Mid Cap Fund

• Five-year SIP return: 22.35 per cent
• Value of a Rs 10,000 monthly SIP after five years: Rs 10.45 lakh
• Assets under management (AUM): Rs 10,296 crore
• Expense ratio: 0.54 per cent

#1 HDFC Mid Cap Fund

• Five-year SIP return: 22.46 per cent
• Value of a Rs 10,000 monthly SIP after five years: Rs 10.49 lakh
• Assets under management (AUM): Rs 92,462 crore
• Expense ratio: 0.74 per cent

Should you invest in mid-cap funds?

Despite their strong long-term performance, mid-cap funds have been struggling recently, owing to a broad market correction starting late 2024. Further, like their small-cap counterparts, mid-cap funds see phases of low or negative returns in the short term, though long-term returns remain impressive.

That said, invest in mid-cap funds only if you have a sufficient time horizon (at least 7-10 years) and don’t get rattled by near-term market shocks or downturns. Mid-cap funds need time and patience to deliver and so, they are suitable for those seeking high growth with a high risk appetite.

Have any of the abovementioned funds made it to our recommended list?

Subscribe to Value Research Fund Advisor to find out. You can also explore our other fund recommendations as well as get a list of mid-cap funds that are best aligned with your financial needs.

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Also read: For how long should you stay invested in a mid-cap fund?