Mid Cap Index Funds: Top 6 for 49% SIP Returns

Top 6 Mid Cap Index Funds With up to 49% SIP Returns in 6 Months: Midcap index funds invest in India’s top midcap companies, which are ranked 101st to 250th in terms of market capitlisation. Such a combination of stocks in the fund provides investors with stability and growth as some of the midcap firms are on the verge of becoming largecaps, some have just moved from small caps to mid, while others are consolidating their position in the middle of both.

Midcap index fund investors do not need to track their investments very often as their money is invested in all midcap companies that the index is following.

Since these are index funds and the fund manager doesn’t need to shuffle the portfolio actively, they come with a low expense ratio.

Midcap index funds give stiff competition to midcap funds since the former comes up with a comparatively lower expense ratio.

Here we take you through the top 6 midcap index mutual funds with up to a 49 per cent SIP return in the 6-month time frame.

Also know how a Rs 26,666 monthly SIP investment in each fund has performed during the same period.

Axis Nifty Midcap 50 Index Fund Direct-Growth

The fund has given a 48.10 per cent SIP return in the 6-month period.

It has assets under management (AUM) of Rs 446 crore, while its net asset value (NAV) as on June 27, 2025, was Rs 20.3318.  

Benchmarked against NIFTY Midcap 50 TRI, the fund has given a 24.35 per cent annualised return since its inception in March 2022.

At an expense ratio of 0.26 per cent, the fund has Rs 105 as the minimum SIP and lump sum investment each. 

A Rs 26,666 monthly SIP investment in 6 months, or a total investment of Rs 1,59,996, has jumped to Rs 1,79,693.54.

Kotak Nifty Midcap 50 Index Fund Direct-Growth

The fund has given a 47.43 per cent SIP return the 6-month time frame.

It has AUM of Rs 56 crore, while its NAV as on June 27, 2025, was Rs 10.29.  

Benchmarked against NIFTY Midcap 50 TRI, the fund has given a 1.63 per cent annualised return since its launch in July 2024.

With an expense ratio of 0.25 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment. 

A Rs 26,666 monthly SIP investment in 6-month period has converted into Rs 1,78,089.82.

Motilal Oswal Nifty Midcap 150 Index Fund Direct – Growth

The fund has given a 43.73 per cent SIP return in the 6-month period.

It has a fund size of Rs 2,312 crore, while its unit price as on June 27, 2025, was Rs 39.41.  

Benchmarked against NIFTY Midcap 150 TRI, the fund has given a 26.28 per cent annualised return since its debut in August 2019.

At an expense ratio of 0.26 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 510 as the minimum lump sum investment. 

A Rs 26,666 monthly SIP investment in the fund has jumped to Rs 1,78,089.82 the 6-month time frame.

ICICI Prudential Nifty Midcap 150 Index Fund Direct – Growth

The fund has given a 43.43 per cent SIP return in 6 months.

Its AUM is Rs 732 crore, while its NAV as on June 27, 2025, was Rs 19.46.  

Benchmarked against NIFTY Midcap 150 TRI, the fund has given a 20.57 per cent annualised return since its starting in December 2021.

With an expense ratio of 0.3 per cent, the fund has Rs 105 as the minimum SIP and lump sum investment each. 

A Rs 26,666 monthly SIP investment in the fund has grown to Rs 1,77,978.60 in 6 months.

HDFC NIFTY Midcap 150 Index Fund Direct – Growth

The fund has given a 43.33 per cent annualised SIP return in 6 months.

It has AUM of Rs 346 crore, while its NAV as on June 27, 2025, was Rs 18.6.  

Benchmarked against NIFTY Midcap 150 TRI, the fund has given a 32.77 per cent annualised return since its debut in April 2023.

At an expense ratio of 0.3 per cent, the fund has Rs 105 as the minimum SIP and lump sum investment each. 

A Rs 26,666 monthly SIP investment in the fund has jumped to Rs 1,77,941.49 the 6-month period.

Baroda BNP Paribas Nifty Midcap 150 Index Fund Direct-Growth

The fund has given a 43.28 per cent SIP return in the 6-month period.

It has an asset base of Rs 9 crore, while its NAV as on June 27, 2025, was Rs 10.52.  

Benchmarked against NIFTY Midcap 150 TRI, the fund has given a 2.57 per cent annualised return since its inception in October 2024.

With an expense ratio of 0.39 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. 

A Rs 26,666 monthly SIP investment in the fund has jumped to Rs 1,77,922.94 the 6-month time frame.