HDFC Mid Cap Fund Direct Growth NAV Reaches ₹232.2690 on 9 September; 3-Year CAGR at 17.03%

Key Takeaways

• HDFC Mid Cap Fund Direct Growth declined 0.63% to ₹232.2690 on 9 September 2026.
• Its latest three-year CAGR was about 17.03%, with the recent five-year annualised return at 19.50%.
• The scheme's assets stood at approximately ₹105,143 crore and the Direct Growth expense ratio at 0.74%.
• TREPS and the next four largest disclosed equity holdings together accounted for 22.19% of assets.

HDFC Mid Cap Fund Direct Growth recorded an NAV of ₹232.2690 on 9 September 2026, falling 0.63% for the valuation day. The scheme's latest three-year CAGR was approximately 17.03%. Its recent one-year return stood at 10.26%, with the five-year annualised figure at 19.50%.

The longer five-year number exceeded the recent one-year return by more than nine percentage points. That comparison is descriptive rather than predictive: annualised returns are highly sensitive to the starting and ending points of each measurement period.

Fund size was approximately ₹105,143 crore. The Direct Growth expense ratio stood at 0.74%, with minimum SIP and lump-sum amounts of ₹100 each. Applicable redemptions within one year attracted a reported 1% exit load, with no load thereafter.

TREPS occupied 6.91% of the disclosed portfolio. Federal Bank followed at 4.21%, AU Small Finance Bank at 3.98%, Max Financial Services at 3.79% and Ipca Laboratories at 3.30%. These five entries together represented 22.19%. Among the named equity holdings in that group, no single stock accounted for more than 4.21%, so the largest disclosed weights were distributed across several companies rather than being dominated by one stock.

The scheme's reported standard deviation was 4.43, with beta at 0.83. Alpha stood at 2.94 and the Sharpe ratio at 0.88. Each statistic measures a different aspect of historical performance or variability, and the figures should therefore be read together with the fund's portfolio composition and return period.

The mid-cap mandate gives the scheme meaningful exposure to companies between India's largest businesses and the small-cap segment. That category profile also affects how its historical volatility numbers compare with funds concentrated elsewhere in the market-cap spectrum.