HDFC Mutual Fund · Direct Growth · SEBI Category: Mid Cap
HDFC Mid-Cap Opportunities Fund is India's largest mid cap fund by AUM with over Rs.80,000 crore in assets — a scale that reflects nearly two decades of investor trust. Managed by Chirag Setalvad since 2007, the fund has navigated multiple complete market cycles. Chirag Setalvad is known for his patient, bottom-up stock selection approach — he tends to hold companies for long periods rather than actively trading in and out.
The fund maintains a broadly diversified portfolio across sectors within the mid cap universe, typically holding 60 to 80 stocks. Its large size has led to careful position sizing and disciplined capacity management. Despite being the largest mid cap fund, it has maintained competitive performance against its benchmark over long periods.
Chirag Setalvad is Head of Equities at HDFC Mutual Fund and has been managing the HDFC Mid-Cap Opportunities Fund for over a decade — one of the longest continuous tenures on a mid cap scheme in India. He is known for a bottom-up, research-driven stock selection approach with a focus on businesses that can compound earnings over long periods. His patient, low-churn style has defined this fund's character.
For current co-manager details and full biography, refer to the latest HDFC Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| HDFC Mid-Cap Opportunities Fund ▲ | ₹219.94 | ₹90.4K Cr Jan–Mar 2026 | +5.5% | +22.1% p.a. | +20.7% p.a. | 1.19 |
| Nippon India Growth Fund | ₹4,781.46 | ₹40.7K Cr Jan–Mar 2026 | +7.3% | +23.8% p.a. | +21.6% p.a. | 1.20 |
| Kotak Emerging Equity Fund | ₹162.15 | ₹59.2K Cr Jan–Mar 2026 | +7.8% | +21.1% p.a. | +18.8% p.a. | 1.05 |
| Axis Midcap Fund | ₹135.29 | ₹30.8K Cr Jan–Mar 2026 | +5.1% | +18.3% p.a. | +15.8% p.a. | 0.90 |
| SBI Magnum Midcap Fund | ₹261.72 | ₹22.1K Cr Jan–Mar 2026 | +0.9% | +14.3% p.a. | +16.4% p.a. | 0.66 |
Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how HDFC Mid Cap FundOption ranks against other Mid Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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