Rolling returns are one of the best ways to measure a mutual fund’s performance because they look at returns across multiple intervals, such as 3-year and 5-year periods, instead of focusing on a single start-to-end date. This helps investors evaluate a fund’s consistency across different market cycles.
Our Evaluation Framework
For this analysis, we reviewed data from the last decade (2015–2025) and focused on:
- Average return across all rolling periods (3-year and 5-year)
- Consistency: The percentage of rolling periods delivering more than 20% returns
Funds with red flags or underperformance in the past two years were excluded to ensure stability along with growth.
The 5 Mid-Cap Funds That Stand Out
1. Edelweiss MidCap Fund
- 3-Year Avg Rolling Return: ~20.2%
- 5-Year Avg Rolling Return: ~21.9%
- Highlight: Nearly half of all 5-year rolling periods showed returns above 20%, reflecting strength and reliability.
2. Nippon India Growth Mid Cap Fund
- 3-Year Avg: ~19.9%
- 5-Year Avg: ~21.2%
- Highlight: Over 43% of 5-year rolling periods crossed 20%, proving its consistency.
3. Invesco India MidCap Fund
- Strong record of delivering stable long-term returns.
- Frequently appears among top performers in mid-cap rankings.
4. Motilal Oswal Midcap Fund
- Known for robust long-term growth with several rolling periods above 25% CAGR.
- A reliable pick for investors seeking aggressive yet sustainable returns.
5. PGIM India Midcap Fund
- Offers an excellent mix of rolling return performance and quality portfolio holdings.
- Considered a strong mid-cap option for long-term wealth building.
Why These Funds Deserve Attention
- Balanced Growth and Consistency: Each of these funds has delivered impressive average returns while also maintaining reliability.
- Exposure to Market Leaders of Tomorrow: Mid-cap companies often grow into future large-caps, providing investors a chance to capture this upward journey early.
Things to Keep in Mind
- Higher Volatility: Mid-cap funds are riskier than large-cap funds and may experience sharper fluctuations.
- Long-Term Investment: A holding period of at least 5–10 years is recommended for steady gains.
- Periodic Review: Investors should review fund performance regularly to ensure it continues to align with goals.
Summary Table
| Fund Name | 3-Year Avg Rolling Return | 5-Year Avg Rolling Return | Consistency Highlights |
|---|---|---|---|
| Edelweiss MidCap Fund | ~20.2% | ~21.9% | 45.6% of 5-year periods >20% |
| Nippon India Growth Mid Cap | ~19.9% | ~21.2% | 43.4% of 5-year periods >20% |
| Invesco India MidCap Fund | — | — | Stable long-term performance |
| Motilal Oswal Midcap Fund | — | — | Multiple 25%+ CAGR periods |
| PGIM India Midcap Fund | — | — | Strong balance of quality & returns |
Final Take
The top mid-cap mutual funds for 2025-Edelweiss, Nippon India Growth, Invesco, Motilal Oswal, and PGIM—stand out not only for delivering high rolling returns but also for showing remarkable consistency across years. For investors seeking wealth creation and willing to accept moderate risk, these funds represent smart, growth-oriented choices.