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

Samco Mid Cap Fund Direct Growth Plan had a NAV of ₹9.85 as of 16 Sep 2026 and an AUM of ₹81 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, respectively, and it carries a High Risk label. Our view is that this is still a very short operating history, so the fund is best read as an early mid-cap strategy with meaningful equity risk rather than a tested long-run record.

The fund sits in the Equity category, follows the Nifty Mid Cap benchmark, and asks investors to accept mid-cap volatility in exchange for potential growth. The portfolio is not overly broad in its top positions, so near-term moves in a few holdings can matter. That makes it more suitable for investors who understand the higher swings that can come with this part of the market and who are comfortable waiting for a longer assessment window.

Quick facts

Particular	Details
NAV	₹9.85 as of 16 Sep 2026
AUM	₹81 Cr
Expense Ratio	0.0%
Launch Date	10 Feb 2026
Min SIP	₹250
Risk Category	High Risk
Benchmark	Nifty Mid Cap
Fund Category	Equity
Exit Load	No exit load after holding period
Fund Managers	Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani, Vishal Shinde

The fund is managed by Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani and Vishal Shinde.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.76%	-4.63%
3M	-1.99%	-1.83%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short history matters here. In the latest one-month period, the fund declined, but it still did better than the benchmark, which fell more sharply. That tells us the recent dip was not unique to the fund’s segment, but the portfolio held up somewhat better than the index in that window.

Over three months, the picture becomes more even. The fund was down 1.99%, while the benchmark was down 1.83%, so the fund slightly lagged the index over that span. The difference is not large, but it suggests the portfolio has not yet built a clear pattern of consistent outperformance in a changing mid-cap backdrop.

The longer lens is still too short to judge in a conventional sense because the fund was launched in February 2026. What the available return pattern does show is that this is an early-stage mid-cap fund with mild short-term volatility and no established long-term compounding record yet. For now, the key question is less about a mature return history and more about whether the portfolio can translate its active positioning into steadier relative outcomes over time.

That is why we would treat the current numbers as a starting point, not a conclusion. The benchmark comparison is useful, but it should be weighed alongside the fund’s age and the fact that its publicly visible history is still limited.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Samco 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
Samco Mid Cap Fund Direct Growth Plan	Data not available	Data not available	Data not available
HSBC Midcap Fund Direct Growth Plan	15.97%	22.92%	18.06%
WOC Mid Cap Fund Direct Growth Plan	11.1%	21%	Data not available
Helios Mid Cap Fund Direct Growth Plan	10.06%	Data not available	Data not available
ITI Mid Cap Fund Direct Growth Plan	8.51%	19.17%	15.91%
Baroda BNP Paribas Mid Cap Fund Direct Growth Plan	8.4%	16.15%	14.79%

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

The current fund does not yet have a meaningful peer-style return history to line up against the older schemes in the table, so the comparison is mostly about context rather than a direct performance contest. The peers with available data have materially stronger multi-year histories, and that highlights how early this fund is in its life.

On the short end, the fund’s one-month decline was smaller than the benchmark drop, but it cannot yet be compared with the peers on a like-for-like annual return basis. On the medium and longer horizons, the peers with 3-year and 5-year figures show established compounding records, while this fund still has no published multi-year track record to test against them. That makes the short-term versus long-term comparison tell two different stories: mild relative resilience recently, but no proven longer-run evidence yet.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
National Aluminium Company Limited	Non – Ferrous Metals	5.78%
Laurus Labs Limited	Healthcare	5.05%
Apar Industries Limited	Capital Goods	4.68%
L&T Finance Limited	Finance	4.46%
The Federal Bank Limited	Bank	4.3%
Aditya Birla Capital Limited	Finance	4.21%
Bank of Maharashtra	Bank	4.01%
AU Small Finance Bank Limited	Bank	3.74%
Indian Bank	Bank	3.74%
Multi Commodity Exchange of India Limited	Finance	3.63%

The top 10 holdings account for approximately 43.6% of the portfolio.

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

The largest holding, National Aluminium Company Limited, stands at 5.78%, which is meaningful but not dominant on its own. The next few positions are also close together, with several holdings in the 4% to 5% range, so the fund does not appear to rely on one very large bet.

Weight does taper from the largest position to the tenth, but not sharply enough to suggest a single-stock style structure. The top ten together account for 43.6%, which means a large part of the portfolio sits in holdings beyond these names. That points to a spread that still leaves room for active stock selection while avoiding extreme concentration in one or two positions.

Because there are 31 disclosed holdings in total, the portfolio likely has a longer tail that can influence results in smaller ways. At the same time, the visible top holdings are clustered enough that a handful of positions may have greater influence on near-term behaviour than the rest of the book.

Source data date: as of 16 Sep 2026

Who should invest

This fund fits investors who are comfortable with High Risk mid-cap exposure and who can stay invested through uneven short-term swings. The limited return history means it is better suited to a longer horizon, where the portfolio has more time to show whether it can build a clearer pattern against the Nifty Mid Cap benchmark. The main trade-off is that an investor accepts greater volatility and an unproven multi-year track record in exchange for exposure to a mid-cap portfolio that may offer future growth if the holdings perform well.

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

No exit load after holding period.

Source data date: as of 16 Sep 2026

Frequently asked questions

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

The current NAV is ₹9.85 as of 16 Sep 2026.

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

The fund’s 1-year, 3-year and 5-year returns are not yet available in a meaningful long-term sense because the scheme was launched in February 2026. The current short-window figures are -2.76% for 1M and -1.99% for 3M.

How has the fund performed against the Nifty Mid Cap benchmark?

It did better than the benchmark in the latest one-month period, but it slightly lagged the benchmark over three months. That suggests a mixed early pattern rather than a steady edge.

How does it compare with peer funds on available return data?

The older peer schemes show stronger available multi-year return histories, while this fund does not yet have published 1-year, 3-year or 5-year figures to match them. The comparison therefore favours the peers on track record depth, not on a direct like-for-like contest for this scheme.

What is the minimum SIP amount?

The minimum SIP amount is ₹250.

Who manages the fund and what is the exit load?

The fund is managed by Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani and Vishal Shinde. There is no exit load after the holding period.

Bottom line

Samco Mid Cap Fund Direct Growth Plan is still too young for a long-horizon judgment, so the recent numbers matter more than the missing multi-year record. Its short-term behaviour has been mixed versus the Nifty Mid Cap benchmark, and the available peer data show that older funds have far deeper return histories. The portfolio is led by a 5.78% position and the top ten holdings together account for 43.6%, which suggests meaningful stock selection without extreme single-name concentration. That makes the fund more relevant for investors who can accept High Risk exposure and a long waiting period.

Published on 17 September 2026 at 2:26 PM 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.