{"id":218587,"date":"2026-08-25T13:19:42","date_gmt":"2026-08-25T07:49:42","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=218587"},"modified":"2026-08-25T13:19:43","modified_gmt":"2026-08-25T07:49:43","slug":"hdfc-mid-cap-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/","title":{"rendered":"HDFC Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-mid-cap-fund-g-direct-plan\">HDFC Mid Cap Fund Direct Growth Plan<\/a> had a NAV of \u20b9237.124 as of 24 August 2026 and a scheme AUM of \u20b91,05,142 Cr. Its 1-year, 3-year and 5-year returns are 10.72%, 19.34% and 21.33% respectively, and the fund sits in the High Risk category.<\/p>\n<p>Our view is that this is a mid-cap-heavy equity fund with a long enough record to judge consistency, but it still carries the usual volatility of the segment. The 5-year return is ahead of the benchmark, while the recent 1-year outcome is softer than the 3-year and 5-year pattern, which points to some near-term unevenness rather than a break in the longer trend.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_HDFC_Mid_Cap\" title=\"Should you BUY or HOLD HDFC Mid Cap?\">Should you BUY or HOLD HDFC Mid Cap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-mid-cap-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b9237.124<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b91,05,142 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.71%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>01 Jan 2013<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty Mid Cap<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>1% on or before 1Y, Nil after 1Y<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Chirag Setalvad<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Chirag Setalvad.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 24 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>3.26%<\/td>\n<td>2.14%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>6.63%<\/td>\n<td>3.21%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>10.72%<\/td>\n<td>12.88%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>19.34%<\/td>\n<td>15.51%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>21.33%<\/td>\n<td>16.91%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>In the short run, the fund has been stronger than the benchmark over 1 month and 3 months, which suggests it has participated well in the recent market move. That said, the 1-year return trails the benchmark, so the recent stretch has not been uniformly ahead of the index.<\/p>\n<p>Over longer periods, the picture improves. The 3-year return of 19.34% is above the benchmark\u2019s 15.51%, and the 5-year return of 21.33% also stays ahead of the benchmark\u2019s 16.91%. That tells us the fund has compounded better than the index over full cycles, even if the most recent 12 months were less supportive.<\/p>\n<p>The pattern matters for investors because it shows a fund that can recover after periods of weaker relative showing. The return path over three and five years points to a portfolio that has been able to deliver strong compounding, but not in a straight line. For a mid-cap strategy, that unevenness is normal, and the recent numbers fit that profile.<\/p>\n<p>In our view, the main takeaway is that the fund\u2019s longer-run edge over the benchmark is more convincing than its latest 1-year comparison. Investors who focus only on the last year may miss the stronger multi-year trend, but investors who want steady near-term outperformance will still need to accept some swings.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 24 Aug 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_HDFC_Mid_Cap\"><\/span>Should you BUY or HOLD HDFC Mid Cap?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding HDFC Mid Cap? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-mid-cap-fund-g-direct-plan\">HDFC Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>10.72%<\/td>\n<td>19.34%<\/td>\n<td>21.33%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-midcap-fund-g-direct-plan\">HSBC Midcap Fund Direct Growth Plan<\/a><\/td>\n<td>22.39%<\/td>\n<td>25.88%<\/td>\n<td>20.57%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/woc-mid-cap-fund-g-direct-plan\">WOC Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>16.70%<\/td>\n<td>24.34%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/helios-mid-cap-fund-g-direct-plan\">Helios Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>15.30%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/mahindra-manulife-mid-cap-fund-g-direct-plan\">Mahindra Manulife Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>14.55%<\/td>\n<td>21.08%<\/td>\n<td>20.36%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/iti-mid-cap-fund-g-direct-plan\">ITI Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>14.07%<\/td>\n<td>22.53%<\/td>\n<td>18.30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund\u2019s 1-year return is below several peer return figures in this set, especially the higher recent outcomes from HSBC Midcap Fund Direct Growth Plan and WOC Mid Cap Fund Direct Growth Plan. That means the most recent year has been comparatively softer, even though the fund has still stayed positive.<\/p>\n<p>On the longer horizon, the fund looks more competitive. Its 3-year return is lower than HSBC Midcap Fund Direct Growth Plan and WOC Mid Cap Fund Direct Growth Plan, but higher than Mahindra Manulife Mid Cap Fund Direct Growth Plan and ITI Mid Cap Fund Direct Growth Plan among the peers with available data. The 5-year figure is also stronger than the available 5-year figures for HSBC Midcap Fund Direct Growth Plan, Mahindra Manulife Mid Cap Fund Direct Growth Plan and ITI Mid Cap Fund Direct Growth Plan.<\/p>\n<p>That creates a split story: the short-term peer comparison is less flattering, while the multi-year comparison is more balanced. This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 24 Aug 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market-cap distribution: Large Cap 8.09%, Mid Cap 65.91%, Small Cap 19.07%, Other Cap 6.93%.<\/p>\n<table>\n<thead>\n<tr>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<th>Top holdings<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>BANK<\/td>\n<td>25.02%<\/td>\n<td>CITY UNION BANK LTD. (12.69%), AU SMALL FINANCE BANK LTD. (2.74%)<\/td>\n<\/tr>\n<tr>\n<td>IT<\/td>\n<td>13.15%<\/td>\n<td>ECLERX SERVICES LTD. (7.3%), COFORGE LIMITED (1.7%)<\/td>\n<\/tr>\n<tr>\n<td>AUTOMOBILE &amp; ANCILLARIES<\/td>\n<td>11.28%<\/td>\n<td>BALKRISHNA INDUSTRIES LTD. (2.24%), CUMMINS INDIA LTD. (1.57%)<\/td>\n<\/tr>\n<tr>\n<td>RETAILING<\/td>\n<td>10.14%<\/td>\n<td>TRENT LTD. (9.2%), ETERNAL LIMITED (0.74%)<\/td>\n<\/tr>\n<tr>\n<td>HEALTHCARE<\/td>\n<td>9.25%<\/td>\n<td>FORTIS HEALTHCARE LIMITED (2%), GLENMARK PHARMACEUTICALS LTD. (1.99%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The portfolio is built mainly around mid-caps, with a meaningful small-cap layer and only a limited large-cap share. That mix is consistent with a fund that is trying to capture higher growth from the mid-cap segment while still keeping some diversification across market sizes.<\/p>\n<p>The BANK allocation at 25.02% is clearly larger than the next sector weights, so it is likely to have the greatest influence on portfolio behaviour. IT at 13.15% and AUTOMOBILE &amp; ANCILLARIES at 11.28% are still important, but they sit well below banking in size. RETAILING and HEALTHCARE also add breadth, though neither is large enough to dominate the portfolio on its own.<\/p>\n<p>From a behaviour point of view, the large mid-cap share may make the fund more sensitive to mid-cap market cycles than a more diversified all-cap strategy. The bank exposure may further shape returns because it is the single largest sector bucket, while the small-cap allocation could add extra upside and extra volatility at the same time.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 24 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund suits investors who can tolerate High Risk and are comfortable with mid-cap volatility. The return pattern shows solid 3-year and 5-year compounding, but the 1-year result is softer than the longer trend, so the holding period matters.<\/p>\n<p>It is better aligned with a longer horizon rather than a short parking period. The benchmark comparison shows that the fund can outperform over full cycles, but not every recent stretch, so patience is part of the trade-off.<\/p>\n<p>The main compromise is accepting uneven near-term performance in exchange for the chance of stronger multi-year growth. The mid-cap-heavy portfolio and meaningful small-cap allocation may amplify both upside and drawdowns, so this is best viewed as a higher-volatility equity option for investors who can stay invested through cycles.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: 1% on or before 1Y, Nil after 1Y.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 24 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of HDFC Mid Cap Fund Direct Growth Plan?<\/strong><br \/>Its NAV is \u20b9237.124 as of 24 August 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s returns are 10.72% for 1 year, 19.34% for 3 years and 21.33% for 5 years.<\/p>\n<p><strong>How does it compare with the benchmark?<\/strong><br \/>It is ahead of the benchmark over 3 years and 5 years, while the 1-year return is below the benchmark. Over 1 month and 3 months, it has been ahead.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b9100.<\/p>\n<p><strong>Which sectors have the largest weights in the portfolio?<\/strong><br \/>BANK is the largest sector at 25.02%, followed by IT at 13.15%, AUTOMOBILE &amp; ANCILLARIES at 11.28%, RETAILING at 10.14% and HEALTHCARE at 9.25%.<\/p>\n<p><strong>What are the tax and exit-load rules?<\/strong><br \/>Units held for less than 1 year attract 20% short-term capital gains tax, while units held for more than 1 year attract 12.5% long-term capital gains tax. The exit load is 1% on or before 1 year and nil after 1 year.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HDFC Mid Cap Fund Direct Growth Plan has a more mixed short-term record than its longer-term track. The 1-year return is softer than the 3-year and 5-year figures, but the multi-year numbers still sit above the benchmark and compare reasonably with available peer returns. The fund remains High Risk, and its mid-cap-heavy allocation with a large bank weight means it can move sharply with market cycles. It looks most suitable for investors who want mid-cap exposure and can stay invested through uneven periods.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 25 August 2026 at 1:17 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"HDFC Mid Cap Fund Direct Growth Plan\",\"identifier\":\"hdfc-mid-cap-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":237.124,\"valueReference\":\"as of 24 Aug 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"105142 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.71\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty Mid Cap\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":10.7154},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":19.3372},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":21.3258},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Chirag Setalvad\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of HDFC Mid Cap Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its NAV is \u20b9237.124 as of 24 August 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s returns are 10.72% for 1 year, 19.34% for 3 years and 21.33% for 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is ahead of the benchmark over 3 years and 5 years, while the 1-year return is below the benchmark. Over 1 month and 3 months, it has been ahead.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"Which sectors have the largest weights in the portfolio?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"BANK is the largest sector at 25.02%, followed by IT at 13.15%, AUTOMOBILE & ANCILLARIES at 11.28%, RETAILING at 10.14% and HEALTHCARE at 9.25%.\"}},{\"@type\":\"Question\",\"name\":\"What are the tax and exit-load rules?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Units held for less than 1 year attract 20% short-term capital gains tax, while units held for more than 1 year attract 12.5% long-term capital gains tax. 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