HDFC Mid Cap Fund Direct Growth NAV Slips to ₹230.6690 on 21 September; Three-Year CAGR at 17.62%

Key Takeaways

• HDFC Mid Cap Fund Direct Growth NAV declined 0.32% to ₹230.6690 on 21 September 2026.
• The three-year annualised return stood at 17.62%, with assets of approximately ₹1,08,325 crore.
• Federal Bank, AU Small Finance Bank, Max Financial Services, Ipca Laboratories and Glenmark Pharmaceuticals together accounted for 18.35% of the latest disclosed portfolio.

HDFC Mid Cap Fund Direct Growth recorded an NAV of ₹230.6690 on 21 September 2026, down 0.32% from the preceding valuation. The latest fund size was approximately ₹1,08,325 crore, making AUM one of the larger numerical features of the scheme. Its Direct Plan base expense ratio stood at 0.60%.

The three-year CAGR came in at 17.62%. The latest available five-year annualised return was 19.11%, placing the longer-period figure 1.49 percentage points above the three-year CAGR. As with all trailing-return comparisons, the difference reflects distinct starting dates and market conditions rather than a uniform year-by-year return pattern.

Federal Bank carried a 4.21% portfolio weight, followed by AU Small Finance Bank at 3.98%. Max Financial Services represented 3.79%, Ipca Laboratories 3.30% and Glenmark Pharmaceuticals 3.07%. These five holdings added up to 18.35%. Consequently, 81.65% of the portfolio sat outside the five largest disclosed positions, including other equities and portfolio components.

The scheme allowed both lump-sum investments and SIPs from ₹100. Its disclosed exit load was 1% for redemptions within 365 days, with the applicable schedule changing after that period. These operating figures provide useful context alongside NAV and historical-return data because they describe the Direct Plan's current investment terms rather than market performance.

Mid-cap funds focus predominantly on companies classified within the mid-cap segment under applicable market-cap definitions. Portfolio weights can change as securities move and the manager rebalances holdings, so the 18.35% top-five calculation should be read as a snapshot of the disclosed portfolio rather than a permanent concentration level.