INCOME TAX20 Sept 2026
Top 5 mid-cap mutual funds with the highest and lowest benchmark overlap: Do more active bets mean better returns?
New data shows mid-cap mutual funds differ widely in how closely they copy the Nifty Midcap 150 TRI benchmark. Across 34 mid-cap funds, overlap ranges from 11.6% to 51.9%. More active bets did not always mean better returns, and higher overlap did not mean worse ones. If you hold a mid-cap fund, check its overlap before assuming the fund manager is truly active.
Key Statutory Highlights
- Edelweiss Mid Cap Fund had the highest overlap with the Nifty Midcap 150 TRI at 51.9%, while Quant Mid Cap Fund had the lowest at 11.6%.
- ITI Mid Cap Fund gave the highest one-year return of 10.35% among the five funds with the highest overlap, while PGIM India Midcap Fund was the only one with a negative one-year return of 0.51%.
- HSBC Midcap Fund posted the highest one-year return across mid-cap funds, with 26.5% overlap with the benchmark.
Actionable Advice for Taxpayers / Founders:Before acting on any mid-cap fund, review its latest portfolio overlap with the Nifty Midcap 150 TRI and speak to a qualified adviser, since overlap alone does not tell you whether returns will be better or worse.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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