Midcap funds ranking June 2026: How 33 schemes rank by performance?

Several midcap mutual funds have seen a spike in returns in the last few months, coinciding with higher inflows into this category. Recent AMFI data shows that equity midcap funds had inflows of ₹4385 crore and ₹6551 crore in May and April 2026 respectively. In March 2026, midcap funds had witnessed inflows of ₹6063 crore. While net inflows into midcap funds continue to remain high, this article looks at how they rank across five time horizons: 3 months, 6 months, 1 year, 3 years and 5 years.

Before reading further, please note this exercise is only for informational and educational purposes. It is not intended to recommend any of the schemes listed before for investing.

As per Ace MF data for regular plans of all midcap schemes, there is a sharp divide between past compounders and recent risers. For instance, while several past compounders are not ranked among top 10 in 3 and 6 months, newer schemes have risen to the top amid recent up tick in the midcap segment.

Midcap fund ranking in June 2026 across tenures:

Data source: Ace MF, ranking based on returns up to June 16, 2026

Key insights

Only one fund is ranking 1 across four periods and still stays in top 10 over 5 years. The no. 1 fund over 5 years is currently ranked last in the 6-month duration. Two of the top-4 funds over 5 years are currently bottom-quartile performers.

Data shows that recent market conditions are punishing the strategies that previously worked and rewarding new ones.

The no.1 and no.4 funds over 5 years both rank in the bottom 10% over 6 months duration, indicating if an investor uses 5-year rankings alone to pick schemes, bad markets or poor stock picks can make them worst recent performers.

There are only three schemes that are maintaining a top-10 ranking at both the 3 month and 5 year periods simultaneously.

A few funds with strong 5-year pedigrees have quietly slipped in recent periods in terms of ranking by performance. Some schemes are consistent in under-performing. For instance, one fund ranks 27th at 3 month, 27th at 6 month, 27th at 1 year, and 28th at 3 year. Another scheme ranks 33rd at 3 month, 31st at 6 month, 29th at 1 year, 29th at 3 year, and 25th at 5 year. It is the only scheme in the above table with no single period where it rises above the bottom quartile.

Interestingly, the short-term and long-term leaderboards of top three schemes show almost no overlap. Of the top 5 funds ranked over 5 years, not a single one appears in the top 5 over 3 months. Three of the top 5 funds at 3 months have no 5-year track record.