Two midcap funds launched on the same day turn a ₹10,000 monthly SIP into ₹90 lakh; key details

Nearly 16 midcap funds launched their direct plans on January 1, 2013, following SEBI's mandate. Of these, two schemes from Edelweiss Mutual Fund and Invesco India Mutual Funds have delivered nearly identical annualised returns of around 21% since inception till July 24, 2026, according to ACE MF data.

As these schemes have weathered multiple market cycles over the past 13 years, this article takes a look at some of the key details of both schemes. (We will talk about other direct midcap schemes launched on January 1, 2013 in separate articles).

Before reading further, please note that this exercise is for informational purposes only.

Also, the returns of both schemes shown in the table above represent point-to-point returns from January 1, 2013 to July 24, 2026. In an actual investment scenario, such point-to-point returns may not be achieved at all times, as mutual funds go through several ups and downs over the long term.

Edelweiss Mid Cap Fund

The direct plan of this scheme has delivered a 6.56% return in the one year ending July 24, 2026. Launched on January 1, 2013, the scheme delivered annualised returns of 23.16% over three years, 19.39% over five years and 21.29% since inception. In the near term, the scheme delivered a 4% return in three months and 7.86% in six months.

With an AUM of ₹17,748 crore, the midcap scheme held 92 stocks across 22 sectors as of June 30, 2026.

In June, the scheme added four stocks: Coromandel International, FSN E-Commerce ventures, MRF, PNB Housing Finance. It sold two stocks: Dabur India and National Aluminium Company. However, there was no change in the remaining 88 stocks in its portfolio.

The direct plan of Edelweiss Mid Cap Fund has gone through various ups and downs as can be seen through its best and worst periods since inception:

Best return periods

Worst return periods

The scheme is currently managed by Trideep Bhattacharya.

Invesco India Midcap Fund

The direct plan of this scheme has delivered a 7.5% return in the one year ending July 24, 2026. Launched on January 1, 2013, the scheme delivered annualised returns of 25.44% over three years, 20.54% over five years and 21.09% since inception. In the near-term, the scheme delivered 9.1% return in three months, and 15.12% in six months.

With an AUM of ₹13,766 crore, the midcap scheme held 44 stocks across 18 sectors as of June 30, 2026.

In June, the scheme added two stocks: Bharat Forge and Meesho. There was no change in the remaining 42 stocks in the Invesco India Midcap Fund's portfolio.

The direct plan has gone through various ups and downs as can be seen through its best and worst periods since inception:

Best return periods

Worst return periods

The scheme is currently managed by .Aditya Khemani.