The most recent ACE Mutual Fund data shows that HSBC Midcap Fund leads the mid‑cap category with a one‑year compound annual growth rate (CAGR) of 19.3%. WOC Mid Cap Fund comes in second with 15.6%, and ICICI Pru Midcap Fund follows at 15.0%. These figures are based on schemes that have at least Rs 1,500 crore in assets under management.
Among the top five funds that meet the asset‑size criterion, HSBC Midcap Fund holds the largest corpus, amounting to Rs 15,351.9 crore. This size gives it a significant weight in the mid‑cap segment and reflects strong investor confidence.
When compared to its benchmark, HSBC Midcap Fund outperformed by 18.6 percentage points over one year, while the benchmark returned only 0.8%. Over a three‑year horizon, the fund still led the market, beating the benchmark by 15.3 points, with the benchmark at 9.3%.
Short‑term windows bring a different picture. In a one‑month period, WOC Mid Cap Fund tops the chart with a 2.9% return. In the three‑month window, WOC again leads, posting a 9.3% gain among the five large‑size schemes.
On the longer horizon, HSBC Midcap Fund shines with a 24.7% return over three years, securing the top spot in that timeframe. These shifts illustrate how fund performance rankings can change depending on the time frame examined.
Overall, the data highlights the importance of looking at multiple return periods when evaluating mutual funds. Investors should consider both short‑term and long‑term performance to get a complete picture of a fund’s track record.