Tata Mid Cap Fund of Tata Mutual Fund has completed 31 years this year. It is the second-oldest fund of Tata Mutual Fund House, while the oldest fund is Tata Large & Midcap Fund. Tata Mid Cap Fund has outperformed the large & midcap fund in terms of returns. When comparing the performance of 3, 5, 7, 10, 20 and 30 years, the mid cap fund has consistently given better returns.
According to Value Research, out of 41 equity funds, Tata Mid Cap Fund is at the top on the basis of 10 and 15 year returns. Based on the data of fund’s regular plan, it has multiplied the wealth of investors by about 47 times in 31 years, which makes it a great example for long-term investors.
Tata Mid Cap Fund details
Tata Mid Cap Fund has been around since 1 July 1994 and has delivered an average return of 13.20% since its launch. It tracks the NIFTY Midcap 150 TRI as its benchmark and is classified as a “Very High” risk investment. This open-ended scheme manages assets worth Rs 4,984 crore as of 31 July 2025, with an expense ratio of 1.85%.
Tata Mid Cap Fund returns
Tata Mid Cap Fund has delivered strong long-term performance, with returns of 19.98% CAGR over 3 years, 24.92% over 5 years, 14.63% over 10 years, 16.06% over 15 years, and 15.63% over 20 years. Since its launch, the fund has maintained a 13.20% CAGR.
SIP investors have fared even better, earning 17.39% CAGR since inception — meaning a monthly SIP of just Rs 1,000 would have grown into Rs 1.07 crore over this period.
Tata Mid Cap Fund vs benchmark
Over the past 3, 5, and 10 years, Tata Mid Cap Fund has delivered solid returns, though it has slightly trailed its benchmark, the BSE 150 MidCap TRI.
The fund posted 19.98% CAGR in 3 years versus the benchmark’s 22.30%, and 24.92% in 5 years compared to 28.25%. Over 10 years, it returned 14.63%, while the benchmark delivered 16.95%. Despite this underperformance against the index, the fund has maintained competitive numbers within its category.
Tata Mid Cap Fund portfolio
Tata Mid Cap Fund’s portfolio is well-diversified across sectors, with notable exposure to companies like Max Financial (3.31%), Alkem Laboratories (2.82%), Cummins India (2.64%), AU Small Finance Bank (2.53%) and UPL (2.40%). It also holds stakes in Patanjali Foods (2.39%), Jubilant Foodworks (2.37%) and Lupin (2.32%).
Past performance is not a guarantee of future returns
Although Tata Mid Cap Fund has performed well so far, it is important to remember that past returns are not a guarantee of similar performance in the future. While selecting any mutual fund, investors should also look at other important aspects such as the risk level of the fund, investment strategy, experience of the fund manager and their investment goals rather than relying only on returns.
It is always a wise move to consult a SEBI-registered mutual fund advisor before investing, so that your investment decisions are in line with your financial goals and risk profile.