HDFC Mid Cap Fund Direct Growth NAV Declines to ₹229.93 on 22 September; 3-Year CAGR at 17.41%

Key Takeaways

• HDFC Mid Cap Fund Direct Growth NAV declined 0.32% to ₹229.93 on 22 September 2026, extending the scheme's latest valuation from the previous day's level.
• Historical returns stood at 6.25% over one year, 17.41% annualised over three years and 18.79% over five years, with the five-year CAGR 1.38 percentage points above the three-year figure.
• The scheme managed approximately ₹1,08,325 crore, with a Direct Growth expense ratio of 0.74% and minimum SIP and lump-sum investments of ₹100 each.
• TREPS was the largest overall disclosed allocation at 6.91%. Among listed stocks, Federal Bank led at 4.21%, followed by AU Small Finance Bank, Max Financial Services and Ipca Laboratories.

HDFC Mid Cap Fund Direct Growth NAV moved 0.32% lower to ₹229.93 on 22 September 2026. Its one-year historical return stood at 6.25%. The three-year CAGR was considerably higher at 17.41%, and the five-year annualised return reached 18.79%. The five-year figure exceeded the three-year result by 1.38 percentage points.

The scheme managed approximately ₹1,08,325 crore. Its Direct Growth expense ratio was 0.74%, with both the minimum SIP and minimum lump-sum investment listed at ₹100.

Recent portfolio data placed TREPS at 6.91%, making it the largest overall disclosed allocation in that snapshot. Since TREPS is a liquidity-related instrument rather than an equity stock, Federal Bank was the largest listed equity position at 4.21%. AU Small Finance Bank followed at 3.98%, Max Financial Services at 3.79% and Ipca Laboratories at 3.30%. Those four listed positions together accounted for 15.28%.

The scheme's mid-cap classification means its portfolio is predominantly exposed to companies falling within India's mid-cap universe. That gives it a different market-cap structure from large-cap, small-cap and flexi-cap schemes.

Historical risk measures included alpha of 2.94, beta of 0.83, standard deviation of 4.43 and a Sharpe ratio of 0.88. These statistics describe past portfolio characteristics over their applicable calculation periods.

The 0.32% decline on 22 September is therefore one element of a broader historical record. It should remain distinct from the three- and five-year annualised returns, which measure performance across much longer periods.