HDFC Mid Cap Fund hits Rs 1 lakh crore AUM milestone; delivers 17% CAGR since inception

HDFC Mid Cap Fund has crossed Rs 1 lakh crore in Assets Under Management (AUM), becoming one of the largest funds in the mid-cap category.

Launched on June 25, 2007, the fund has delivered a CAGR of 17.13% since inception, outperforming its benchmark, the Nifty Midcap 150 Index, which generated a CAGR of 15.04% over the same period, according to a release by the fund house.

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This performance reflects the fund's long-term focus on identifying businesses that have the potential to compound earnings and create shareholder value over time, the release said.

As of May 31, 2026, the midcap fund had an AUM of Rs 97,350 crore.

Through its journey, the fund has sought to identify businesses with growth potential and participate in India's evolving economic growth story through a disciplined and research-driven investment approach.

“As HDFC Mid Cap Fund enters its 20th year, having crossed Rs 1 lakh crore in AUM recently, it marks a milestone built on nearly two decades of disciplined investing through changing market conditions,” said Navneet Munot, Managing Director & Chief Executive Officer, HDFC Asset Management Company.

“The fund has navigated various market cycles and emerged stronger, remaining consistent in identifying quality businesses with long-term growth potential. This journey would not have been possible without the trust of our investors and the support of our distribution partners, who have stayed with us over the years,” Munot said.

Over the past 10 years, the fund has delivered a CAGR of 17.95%, while its five-year CAGR stands at 20.20%.

If an investor invested Rs 10,000 through a monthly SIP in the fund at the time of its inception, the current value of this investment would have been Rs 1.82 crore with 19.01% XIRR. In the last 10 years and 15 years, the value of the same SIP investment would have been Rs 32.44 lakh (18.92% XIRR) and 88.26 lakh (19.11% XIRR) respectively.

The current market value of Rs 10,000 invested in the fund through lumpsum mode would have been Rs 1.99 lakh since its inception. In the last 10 years, the value of the same lumpsum investment would have been Rs 52,109.

The fund follows a bottom-up stock selection approach focused on identifying quality businesses with robust management, scalable business models, sustainable competitive advantages and reasonable valuations. Through this approach, the fund aims to participate in long-term wealth creation while navigating different market environments and economic cycles.

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The fund is suitable for investors who are seeking to generate long-term capital appreciation/income and want investment predominantly in mid cap companies.

As of May 31, 2026 the other two funds by HDFC Mutual Fund that had over Rs 1 lakh crore AUM were HDFC Balanced Advantage Fund and HDFC Flexi Cap Fund with Rs 1.04 lakh crore and Rs 1.01 lakh crore AUM respectively.

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