HDFC Mid Cap Fund vs ITI Mid Cap Fund
HDFC Mid Cap Fund and ITI Mid Cap Fund are both Mid Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +16.65% vs +18.76%, 5-year CAGR +17.87% vs +14.87%, volatility 15.73% vs 19.01%, maximum drawdown −39.51% vs −22.66%. Their portfolios overlap by 21.4% (22 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| HDFC Mid Cap | ITI Mid Cap | |
|---|---|---|
| Fund house | HDFC Mutual Fund | ITI Mutual Fund |
| Compared as | Mid Cap | Mid Cap |
| NAV | ₹226.1420 | ₹24.6594 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 1 Jan 2013 | 10 Mar 2021 |
| Track record | 13.8 yrs | 5.7 yrs |
| Fund size (AUM) | ₹101,856 Cr | ₹1,453 Cr |
| Securities held | 79 | 93 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HDFC Mid Cap | ITI Mid Cap | |
|---|---|---|
| 1 month | +1.85% | −0.83% |
| 3 months | −4.13% | −5.48% |
| 6 months | +1.07% | −1.25% |
| 1 year | +1.18% | +3.62% |
| 3 years (CAGR) | +16.65% | +18.76% |
| 5 years (CAGR) | +17.87% | +14.87% |
| 7 years (CAGR) | +22.21% | — |
| 10 years (CAGR) | +17.27% | — |
| Since launch (CAGR) | +19.68% | +17.31% |
| SIP return (XIRR, 5 years) ⓘ | +16.64% | +16.11% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| HDFC Mid Cap | ITI Mid Cap | |
|---|---|---|
| 2026 (year to date) | +0.62% | +0.89% |
| 2025 | +7.49% | +6.57% |
| 2024 | +29.47% | +32.42% |
| 2023 | +45.45% | +43.86% |
| 2022 | +13.09% | +4.02% |
| 2021 | +40.88% | — |
Risk
| HDFC Mid Cap | ITI Mid Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.73% | 19.01% |
| Downside volatility ⓘ | 11.07% | 12.86% |
| Sharpe ratio ⓘ | 0.65 | 0.65 |
| Sortino ratio ⓘ | 0.92 | 0.96 |
| Maximum drawdown ⓘ | −39.51% | −22.66% |
| Recovery from that fall | 8 months | 12 months |
| Current fall from peak | −4.83% | −6.97% |
| Rolling 1-year return: worst | −32.47% | −11.46% |
| Rolling 1-year return: median | +16.79% | +10.55% |
| Rolling 1-year return: best | +102.58% | +77.81% |
| Share of 1-year periods with a loss | 13.19% | 16.65% |
Against each fund's benchmark
| HDFC Mid Cap | ITI Mid Cap | |
|---|---|---|
| Beta ⓘ | 0.85 | 1.04 |
| Alpha (Jensen's, annualised) ⓘ | +1.62% | +2.41% |
| R² ⓘ | 95.22 | 94.13 |
| Upside capture | 91.89% | 106.66% |
| Downside capture | 82.98% | 96.85% |
| Tracking error | 4.43% | 4.82% |
| Information ratio | 0.17 | 0.60 |
| Treynor ratio | 10.59 | 10.75 |
Portfolio
Asset mix
| HDFC Mid Cap | ITI Mid Cap | |
|---|---|---|
| Equity | 91.71% | 97.14% |
| Cash & equivalents | 8.29% | 2.51% |
| Mutual Fund Units | 0.00% | 0.35% |
Market-cap split (share of fund assets)
| HDFC Mid Cap | ITI Mid Cap | |
|---|---|---|
| Large Cap | 10.40% | 14.47% |
| Mid Cap | 64.10% | 64.99% |
| Small Cap | 17.21% | 15.01% |
| Unclassified | 0.00% | 2.67% |
Concentration
| HDFC Mid Cap | ITI Mid Cap | |
|---|---|---|
| Top 10 holdings | 31.29% | 18.57% |
| Effective number of stocks ⓘ | 55.2 | 83.1 |
| Securities held | 79 | 93 |
Portfolio overlap: 21.4%
22 companies are held by both funds; by weight, 21.4% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | HDFC Mid Cap | ITI Mid Cap |
|---|---|---|
| The Federal Bank Limited | 3.98% | 2.88% |
| Fortis Healthcare Limited | 2.40% | 1.97% |
| AU Small Finance Bank Limited | 3.94% | 1.57% |
| Marico Limited | 2.37% | 1.55% |
| Cummins India Limited | 1.82% | 1.44% |
| Bharat Forge Limited | 1.22% | 1.25% |
| Aurobindo Pharma Limited | 2.19% | 1.13% |
| Max Financial Services Limited | 3.52% | 1.11% |
| PB Fintech Limited | 1.07% | 1.27% |
| IndusInd Bank Limited | 1.04% | 1.49% |
| Karur Vysya Bank Limited | 1.25% | 0.92% |
| Sona BLW Precision Forgings Limited | 0.82% | 1.56% |
| Mahindra & Mahindra Financial Services Limited | 2.11% | 0.80% |
| Dixon Technologies (India) Limited | 0.66% | 1.15% |
| Persistent Systems Limited | 1.78% | 0.61% |
Top 10 holdings
HDFC Mid Cap
- The Federal Bank Limited3.98%
- AU Small Finance Bank Limited3.94%
- Max Financial Services Limited3.52%
- IPCA Laboratories Limited3.43%
- Glenmark Pharmaceuticals Limited3.07%
- Balkrishna Industries Ltd.2.98%
- Indian Bank2.92%
- Coforge Limited2.68%
- Fortis Healthcare Limited2.40%
- Marico Limited2.37%
ITI Mid Cap
- The Federal Bank Limited2.88%
- Fortis Healthcare Limited1.97%
- One 97 Communications Limited1.92%
- IDFC First Bank Limited1.82%
- Radico Khaitan Limited1.82%
- GE Vernova T&D India Limited1.65%
- Solar Industries India Limited1.65%
- TVS Motor Company Ltd.1.65%
- Ather Energy Limited1.63%
- Anupam Rasayan India Limited1.58%
Sector exposure
| HDFC Mid Cap | ITI Mid Cap | |
|---|---|---|
| Banks | 15.38% | 12.09% |
| Pharmaceuticals & Biotechnology | 12.14% | 8.28% |
| Auto Components | 9.55% | 7.36% |
| Finance | 2.62% | 7.92% |
| IT - Software | 7.15% | 2.04% |
| Electrical Equipment | 0.00% | 6.08% |
| Industrial Products | 5.21% | 5.64% |
| Insurance | 5.55% | 1.11% |
| Consumer Durables | 2.78% | 4.12% |
| Healthcare Services | 3.30% | 4.09% |
| Chemicals & Petrochemicals | 0.96% | 4.07% |
| Financial Technology (Fintech) | 1.07% | 3.91% |
| Power | 0.00% | 3.81% |
| Capital Markets | 1.22% | 3.80% |
Questions people ask
What is the difference between HDFC Mid Cap and ITI Mid Cap returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +1.18% vs +3.62%; 3-year CAGR +16.65% vs +18.76%; 5-year CAGR +17.87% vs +14.87%; 10-year CAGR +17.27% vs —. Past returns do not indicate future returns.
How do HDFC Mid Cap and ITI Mid Cap compare on risk?
Volatility (36 monthly returns, annualised) 15.73% vs 19.01%; Sharpe ratio 0.65 vs 0.65; Sortino ratio 0.92 vs 0.96; maximum drawdown −39.51% vs −22.66%; beta 0.85 vs 1.04.
How much do HDFC Mid Cap and ITI Mid Cap overlap?
By weight, 21.4% of the two portfolios is invested in the same companies; 22 stocks are held by both, the largest shared positions being The Federal Bank Limited, Fortis Healthcare Limited, AU Small Finance Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HDFC Mid Cap and ITI Mid Cap?
HDFC Mid Cap: large cap 10.4%, mid cap 64.1%, small cap 17.2%. ITI Mid Cap: large cap 14.5%, mid cap 65.0%, small cap 15.0% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
HDFC Mid Cap vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.