Mid Cap Fund · head to head · AMFI NAVs
HDFC Mid Cap Fund vs Mirae Asset Midcap Fund: SIP returns compared
Same ₹10,000 monthly SIP, same dates, Direct plans: over the last 5 years HDFC Mid Cap Fund is worth ₹8.85 L (XIRR 16.0%) and Mirae Asset Midcap Fund ₹8.44 L (XIRR 14.0%) — HDFC Mid Cap Fund ahead by ₹40,969. Across every 3-year SIP since Aug 2019, HDFC Mid Cap Fund finished ahead in 41 of 51 and Mirae Asset Midcap Fund in 10.
Historical simulation on actual NAVs — not a forecast and not investment advice. Disclaimer
HDFC Mid Cap Fund: invested — over — instalments; valued at NAV of —:
| Year | Invested | HDFC Mid Cap Fund value | XIRR to date |
|---|
₹10,000 a month in each: what it became
Each row is a monthly SIP ending today (1 Oct 2026), Direct plans. Post-tax assumes everything is redeemed today with no other capital gains this year.
| SIP period | Invested | HDFC Mid Cap Fund | XIRR | Mirae Asset Midcap Fund | XIRR | Post-tax (both) |
|---|---|---|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1.18 L | -2.9% | ₹1.21 L | 1.1% | ₹1.18 L / ₹1.20 L |
| 3 years | ₹3,60,000 | ₹3.97 L | 6.8% | ₹4.04 L | 8.0% | ₹3.97 L / ₹4.03 L |
| 5 years | ₹6,00,000 | ₹8.85 L | 16.0% | ₹8.44 L | 14.0% | ₹8.65 L / ₹8.29 L |
Every 3-year SIP, head to head
We started the same SIP in both funds in every month both have NAVs for — 51 SIPs, the first starting Aug 2019. HDFC Mid Cap Fund finished ahead in 80% of them; the median gap was 4.8 percentage points a year in HDFC Mid Cap Fund's favour.
Downside on the same dates: HDFC Mid Cap Fund's worst 3-year SIP returned 7.3% a year (started Oct 2023) and 0 of 51 lost money; Mirae Asset Midcap Fund's worst returned 6.8% (started Apr 2023) and 0 lost money.
XIRR of every 3-year monthly SIP by the month it started. Gap = HDFC Mid Cap Fund minus Mirae Asset Midcap Fund, percentage points a year.
| Window | SIPs compared | Ahead (HDFC / Mirae) | Median gap | Worst gap | Best gap |
|---|---|---|---|---|---|
| 3-year SIPs | 51 | 80% / 20% | +4.8 pp | -4.6 ppstarted Aug 2019 | +9.0 ppstarted Mar 2022 |
| 5-year SIPs | 27 | 100% / 0% | +4.2 pp | +2.0 ppstarted Oct 2021 | +6.1 ppstarted Mar 2020 |
Against an index fund, and the cost of the Regular plan
- HDFC Mid Cap Fund beat a plain Nifty Midcap 150 index fund in 100% of 49 rolling 3-year SIPs (median gap +3.1 pp a year) — HDFC Mid Cap Fund vs Nifty Midcap 150 index fund.
- HDFC Mid Cap Fund: the Regular plan of the same 10-year SIP ended ₹1,33,211 below Direct.
- Mirae Asset Midcap Fund beat a plain Nifty Midcap 150 index fund in 41% of 49 rolling 3-year SIPs (median gap -0.9 pp a year) — Mirae Asset Midcap Fund vs Nifty Midcap 150 index fund.
- Mirae Asset Midcap Fund: the Regular plan of the same 5-year SIP ended ₹25,653 below Direct.
Questions
Which has given better SIP returns, HDFC Mid Cap Fund or Mirae Asset Midcap Fund?
Over the last 5 years a ₹10,000 monthly SIP (Direct plans) is worth ₹8.85 L in HDFC Mid Cap Fund (XIRR 16.0%) and ₹8.44 L in Mirae Asset Midcap Fund (XIRR 14.0%). Past returns don't tell you which will do better next.
Has HDFC Mid Cap Fund beaten Mirae Asset Midcap Fund consistently?
In 80% of 51 rolling 3-year SIPs started on the same dates (from Aug 2019), HDFC Mid Cap Fund ended ahead of Mirae Asset Midcap Fund (Direct plans). The median difference was +4.8 percentage points a year.
Where does this data come from?
Official daily NAVs published by AMFI. SIP instalments fall on the first business day of each month; both funds are compared on identical dates. Updated monthly.
Comparison on official AMFI NAVs, SIP on the first business day of each month, identical dates for both funds. It shows what happened, not which fund to buy — past performance does not indicate future returns. sipcalculatorhub.com is not a SEBI-registered investment adviser. Methodology.
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