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

WOC Mid Cap Fund Direct Growth Plan has a NAV of ₹22.924 as of 16 September 2026 and a scheme AUM of ₹7,485 Cr. Its 1-year, 3-year and 5-year returns are 11.1%, 21% and 0% respectively, and the fund sits in the High Risk category. Our view is that the fund has shown a solid multi-year run, but the recent 1-year figure is more measured, so it suits investors who can accept swings in exchange for mid-cap growth exposure.

The fund’s portfolio is broad, with 69 holdings, and the top disclosed names are not dominated by a single sector. That mix can help reduce single-stock dependence, but the High Risk label and mid-cap benchmark exposure mean return paths may still be uneven over shorter periods.

Quick facts

Particular	Details
NAV	₹22.924 as of 16 Sep 2026
AUM	₹7,485 Cr
Expense Ratio	0.55%
Launch Date	07 Sep 2022
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty Mid Cap
Fund Category	Equity
Exit Load	1% on or before 1M, Nil after 1M
Fund Managers	Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak

The fund is managed by Ramesh Mantri, Piyush Baranwal, Trupti Agrawal and Dheeresh Pathak.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.42%	-4.63%
3M	3.27%	-1.83%
1Y	11.1%	3.02%
3Y	21%	13.89%
5Y	Data not available	Data not available

The fund has stayed ahead of the benchmark over the available 3-month, 1-year and 3-year periods. The gap has been meaningful rather than marginal, which tells us the portfolio has added value through a period when mid-cap moves were not smooth.

The short-term picture is mixed but not weak. The 1-month return is negative, yet it is still less negative than the benchmark, while the 3-month figure shows a stronger rebound than the index. That pattern suggests the fund can recover after drawdowns, but it also remains exposed to the same choppiness that affects the wider mid-cap space.

Over 3 years, the fund’s 21% return points to healthier compounding than the benchmark’s 13.89%. The 5-year figure is not available because the scheme has not been around long enough, so the more useful lens here is the contrast between the softer last month and the stronger 3-year stretch. Our view is that the longer trend remains the more important signal for this scheme.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD WOC 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
WOC Mid Cap Fund Direct Growth Plan	11.1%	21%	Data not available
HSBC Midcap Fund Direct Growth Plan	15.97%	22.92%	18.06%
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. On 1-year performance, the fund sits below HSBC Midcap Fund Direct Growth Plan but ahead of Helios Mid Cap Fund Direct Growth Plan, ITI Mid Cap Fund Direct Growth Plan and Baroda BNP Paribas Mid Cap Fund Direct Growth Plan. That means the recent return profile is respectable, though not the strongest in this peer set.

The longer record looks better. The fund’s 3-year return is above the peers with available 3-year figures except HSBC Midcap Fund Direct Growth Plan, and the 5-year column cannot be used for the current fund because the scheme has no such history yet. Short-term and longer-term comparisons therefore tell slightly different stories: the recent year is steady, while the 3-year period shows more convincing compounding.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
CLEARING CORPORATION OF INDIA LTD	Cash & Cash Equivalents and Net Assets	5.28%
MAX FINANCIAL SERVICES LIMITED	Finance	3.11%
COFORGE LIMITED	IT	2.91%
BHARTI HEXACOM LIMITED	Telecom	2.72%
THE FEDERAL BANK LIMITED	Bank	2.66%
PB FINTECH LIMITED	IT	2.63%
LAURUS LABS LIMITED	Healthcare	2.02%
THE PHOENIX MILLS LIMITED	Realty	1.93%
VISHAL MEGA MART LIMITED	Domestic Equities	1.93%
MOTILAL OSWAL FINANCIAL SERVICES LIMITED	Finance	1.91%

The largest disclosed holding is Clearing Corporation of India Ltd at 5.28%, which is a meaningful position but still well below a dominating level. The gap between the largest and tenth holding is modest rather than extreme, moving from 5.28% to 1.91%, so the visible book does not look overly reliant on just one or two names.

The top 10 disclosed holdings together account for approximately 27.1% of the portfolio, while the scheme has 69 holdings in total. That combination suggests the fund may be reasonably spread across a longer tail of positions, even though the disclosed top names still have enough weight to influence short-term performance. In our view, this kind of structure can help balance diversification with active conviction.

Because the fund holds many positions, individual stock outcomes may still matter, but the overlap of finance, IT, telecom, healthcare and real estate in the visible top names points to a diversified mid-cap style rather than a narrow theme.

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

Source data date: as of 16 Sep 2026

Who should invest

This fund is better suited to investors with a high tolerance for volatility and a willingness to stay invested for several years. The High Risk classification and the uneven shorter-term pattern mean it is not built for a very short holding period.

The better fit is someone who can accept drawdowns in exchange for mid-cap growth potential and who is comfortable with a return path that may differ from the benchmark over shorter windows. The main trade-off is between the possibility of stronger longer-term compounding and the likelihood of sharper month-to-month swings.

A diversified portfolio can still use this as a growth-oriented equity allocation, but only if the investor is prepared for periods when performance softens before recovering.

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% if units are sold on or before 1 month; nil after 1 month.

Source data date: as of 16 Sep 2026

Frequently asked questions

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

The current NAV is ₹22.924 as of 16 September 2026.

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

The fund’s 1-year return is 11.1%, the 3-year return is 21%, and the 5-year return is Data not available because the scheme does not have a 5-year history yet.

How has the fund done versus its benchmark?

It has outpaced the benchmark over 1 month, 3 months, 1 year and 3 years. The 3-year edge is the clearest sign of stronger compounding than the benchmark.

How does it compare with the peer funds listed here?

Its 1-year return is below HSBC Midcap Fund Direct Growth Plan but ahead of Helios Mid Cap Fund Direct Growth Plan, ITI Mid Cap Fund Direct Growth Plan and Baroda BNP Paribas Mid Cap Fund Direct Growth Plan. Its 3-year return is above the peers with available 3-year figures except HSBC Midcap Fund Direct Growth Plan.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

What is the risk profile and exit load?

The fund is in the High Risk category. The exit load is 1% if units are sold on or before 1 month, and nil after 1 month; the fund is managed by Ramesh Mantri, Piyush Baranwal, Trupti Agrawal and Dheeresh Pathak.

Bottom line

WOC Mid Cap Fund Direct Growth Plan has a more convincing 3-year record than its recent 1-year showing, and that difference matters for reading the scheme properly. It has also held up well against the benchmark over the available periods, while the peer comparison shows a mixed but competitive picture on recent returns. The portfolio is spread across 69 holdings, with the top names influential but not overly concentrated. Overall, it fits investors who can handle High Risk volatility in pursuit of mid-cap growth.

Published on 17 September 2026 at 4:18 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.