Mumbai, 30 June 2026 (BFN Bureau): HDFC Mid Cap Fund has marked its 20th anniversary by crossing the significant milestone of ₹1 lakh crore in assets under management (AUM). This achievement highlights the fund’s impressive track record, delivering a compounded annual growth rate (CAGR) of 17.13% since its inception.
HDFC Asset Management Company Limited (HDFC AMC) manages the fund, which has been under the stewardship of Mr. Chirag Setalvad since June 2007. The fund has consistently outperformed its benchmark, which has a CAGR of 15.04% over the same period. This performance underscores the fund’s strategy of investing in businesses with strong growth potential.
Mid-Cap Growth Potential
Mid-cap companies often represent firms that have established themselves in their industries and are poised for further growth. As India’s economy expands, driven by factors like rising consumption and digitalisation, many of these companies are expected to thrive and potentially become industry leaders.
Mr. Navneet Munot, Managing Director & CEO of HDFC AMC, stated, “As HDFC Mid Cap Fund enters its 20th year, having crossed ₹1 lakh crore in AUM, it marks a milestone built on nearly two decades of disciplined investing through changing market conditions.” He emphasized the importance of trust from investors and support from distribution partners in achieving this success.
What This Means For You
This milestone signifies a robust investment opportunity for those considering mid-cap funds. As these companies grow, they may offer significant returns, making them an attractive option for long-term investors.
Key Takeaways
- HDFC Mid Cap Fund celebrates 20 years with ₹1 lakh crore AUM.
- The fund has achieved a 17.13% CAGR since inception, outperforming its benchmark.
- Mid-cap companies are expected to benefit from India’s economic growth.
