Edelweiss Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss Mid Cap Fund Direct Growth Plan has a NAV of ₹129.225 as of 09 Sep 2026 and a scheme AUM of ₹18,693 Cr. Its 1-year, 3-year and 5-year returns are 9.96%, 20.77% and 18.95%, and it sits in the High Risk category.

Our view is that this is a fund for investors who can tolerate sharp swings and want mid-cap exposure with a long enough horizon for compounding to matter. The return record is stronger over 3 and 5 years than over 1 year, while the portfolio holds a fairly broad set of 72 stocks, though the largest positions still matter.

Quick facts

Particular	Details
NAV	₹129.225 as of 09 Sep 2026
AUM	₹18,693 Cr
Expense Ratio	0.4%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty Mid Cap
Fund Category	Equity
Exit Load	1% on or before 90D, Nil after 90D
Fund Managers	Trideep Bhattacharya, Dhruv Bhatia, Mehul Dalmia

The fund is managed by Trideep Bhattacharya, Dhruv Bhatia and Mehul Dalmia.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.72%	-2.04%
3M	6.44%	4.88%
1Y	9.96%	5.51%
3Y	20.77%	15.36%
5Y	18.95%	15.14%

The recent picture is mixed but still constructive. Over 1 month, the fund stayed less weak than the benchmark, and the same pattern held over 3 months, which tells us the fund has kept some resilience even when mid-cap sentiment softened. The 1-year return is also ahead of the benchmark by a meaningful margin, so the shorter cycle does not look weak on a relative basis.

The longer view is more important here. The 3-year and 5-year returns both remain ahead of the benchmark, which suggests the fund has compounded better than the index across a full market cycle rather than only in a short rebound phase. That matters for a mid-cap strategy because the category can move in wide swings, and the better outcome over 3 and 5 years points to a stronger base than the one-year number alone might suggest.

At the same time, the recent path has not been perfectly smooth. The return pattern shows a period of weakness, followed by recovery, rather than a straight climb. That is consistent with a High Risk fund: the upside can be attractive over time, but interim volatility is part of the journey. For investors, the key question is less about a single month and more about whether they can stay invested through those uneven stretches.

Overall, the fund has beaten the benchmark across every displayed horizon, and the gap is clearest over 3 and 5 years. Our view is that the recent return pattern does not change the broader story; it mainly confirms that the fund can be choppy even when the longer compounding profile remains ahead of the benchmark.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Edelweiss Mid Cap?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Edelweiss Mid Cap Fund Direct Growth Plan	9.96%	20.77%	18.95%
HSBC Midcap Fund Direct Growth Plan	22.93%	24.35%	19.48%
WOC Mid Cap Fund Direct Growth Plan	16.16%	21.78%	Data not available
Helios Mid Cap Fund Direct Growth Plan	14.68%	Data not available	Data not available
ITI Mid Cap Fund Direct Growth Plan	14.35%	20.09%	16.94%
Mahindra Manulife Mid Cap Fund Direct Growth Plan	13.23%	17.96%	18.47%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On 1-year numbers, the fund trails the strongest peer in this set, but it also trails most of the listed peers, so the shorter-term picture is clearly softer than the best outcomes available here. The more useful comparison is over 3 and 5 years, where the fund’s returns are competitive and in some cases ahead of peers with available figures. That tells us the fund’s longer compounding profile is more balanced than the recent one-year number alone suggests.

What stands out is the split between near-term and multi-year behaviour. Some peers have stronger 1-year returns, but the fund’s 3-year and 5-year returns keep it in the same broad conversation on longer horizons. For an investor, that makes the comparison less about chasing the freshest number and more about weighing whether the fund’s steadier multi-year record is a better fit than a sharper short-term surge elsewhere.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
The Federal Bank Ltd.	Bank	4%
Clearing Corporation of India Ltd.	Cash & Cash Equivalents and Net Assets	3.04%
BSE Ltd.	Finance	2.33%
Multi Commodity Exchange of India Ltd.	Finance	2.26%
Marico Ltd.	FMCG	2.19%
Persistent Systems Ltd.	IT	2.15%
Fortis Healthcare Ltd.	Healthcare	2.11%
Coforge Ltd.	IT	2.01%
Solar Industries India Ltd.	Chemicals	2.01%
IDFC First Bank Ltd.	Bank	1.8%

The top 10 holdings account for approximately 23.9% of the portfolio.

To see all holdings, visit the Edelweiss Mid Cap Fund Direct Growth Plan page

The largest holding is The Federal Bank Ltd. at 4%, which is meaningful but not dominant on its own. The drop from the first holding to the tenth is fairly gentle, with most weights sitting in the 2% to 4% range, so the visible part of the portfolio does not look heavily dependent on a single stock.

The combined weight of the displayed holdings is 23.9%, which suggests a portfolio that is spread across many positions rather than concentrated in only a few large bets. With 72 disclosed holdings in total, the fund may rely on a longer tail of smaller positions to build its overall return pattern. That kind of structure can help balance individual stock risk, although it may still leave the fund exposed to the usual swings that come with mid-cap investing.

Source data date: as of 09 Sep 2026

Who should invest

This fund fits investors who can accept High Risk and stay invested for a longer horizon. The 1-year return is softer than the 3-year and 5-year figures, so short-term patience is important.

The main trade-off is straightforward: you get mid-cap growth potential and benchmark-beating multi-year performance, but you also have to live with volatility and uneven shorter-term moves. The relatively broad 72-stock portfolio may help spread risk, yet the fund can still move sharply because of its category and style. That makes it more suitable for investors who want long-term equity exposure rather than a short-horizon allocation.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: 1% on or before 90D, Nil after 90D. No exit load applies after the holding period.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Mid Cap Fund Direct Growth Plan?

The current NAV is ₹129.225 as of 09 Sep 2026.

What are the 1-year, 3-year and 5-year returns?

The 1-year return is 9.96%, the 3-year return is 20.77% and the 5-year return is 18.95%.

How has the fund done versus its benchmark?

It has stayed ahead of the Nifty Mid Cap across the displayed 1-month, 3-month, 1-year, 3-year and 5-year periods. The longer horizons are especially important because they show the fund holding that edge beyond a short rebound.

How does it compare with the peer funds listed here?

Its 1-year return is below the stronger peer figures shown, but its 3-year and 5-year returns remain competitive among the listed peers with available data. The peer set tells a mixed story: the fund is not the strongest on the latest one-year number, but its longer record is still solid.

Is there a minimum SIP amount?

Yes. The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?

The fund is managed by Trideep Bhattacharya, Dhruv Bhatia and Mehul Dalmia. The exit load is 1% on or before 90D, and nil after 90D; no exit load applies after the holding period.

Bottom line

Edelweiss Mid Cap Fund Direct Growth Plan looks more convincing on a multi-year view than on the latest one-year result. It has stayed ahead of the benchmark across the displayed periods, and its longer-term returns are competitive versus the listed peers, even though some peers have stronger short-term numbers. The portfolio is spread across 72 holdings, with the visible positions not overly concentrated. For investors who can accept High Risk and give the strategy time, the fund offers a mid-cap approach with a steadier longer-run profile than the recent wobble alone might suggest.

Published on 10 September 2026 at 11:16 AM IST

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RIA disclosure

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.