Tata Mutual Fund, one of the leading fund houses in the country, has some of the oldest surviving funds today. Specifically, two of its funds — Tata Large & Mid Cap Fund and Tata Midcap Growth Fund — are more than 30 years old. Tata Large & Mid Cap Fund – Regular Plan was launched on March 31, 1993, while Tata Midcap Growth Fund – Regular Plan was launched on July 1, 1994. So, these two Tata funds have completed 32 years and 30 years, respectively. However, in this write-up, we review the 30-year journey of Tata Midcap Growth Fund – Regular and how this fund has fared in terms of returns over 10-year, 20-year and 30-year periods.
Tata Midcap Growth Fund returns over the years
This mid-cap fund — which has 91.36% investment in domestic equities, of which 14.43% is in large-cap stocks, 46.52% in mid-cap stocks, and 14.58% in small-cap stocks — aims to provide income distribution and medium- to long-term capital gains. Investments are focused on mid-cap stocks.
Benchmarked against the NIFTY Midcap 150 TRI, the fund has delivered a return of 13.23% since its launch in July 1994. It has assets under management (AUM) of Rs 4,505 crore. Regarding its returns over 10-year and 20-year periods, the fund has delivered 14.91% and 16.51%, respectively.
The fund’s SIP returns have also been exemplary, with 17.99% annualised returns in 10 years, 16.9% in 20 years, and 17.92% in 30 years.
With this rate of return, an SIP investment of Rs 1,000 monthly would have grown to Rs 1.02 crore in 30 years.
As far as return on lump sum investment is concerned, if someone had invested Rs 1 lakh in this scheme, it would have become Rs 41.58 crore.
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Investment amount (lump sum): Rs 1,00,000
Gains : Rs 40.58 lakh
Total value: Rs 41.58 lakh
So, the fund has turned Rs 1 lakh lump sum investment into Rs 41.58 lakh in 30 years.
Here is the risk profile of Tata Midcap Growth Fund presented in pointers:
Standard Deviation (Volatility): 16.02
Sharpe Ratio: 0.77
Beta: 0.91
Alpha: (-)1.14
With a standard deviation of 16.02%, the fund shows moderate volatility, which means returns can fluctuate noticeably. Its Sharpe ratio of 0.77 suggests decent risk-adjusted returns, though not the highest in its category. A beta of 0.91 means the fund is slightly less volatile than the broader market and offers some stability. However, the negative alpha of (-)1.14 indicates the fund has underperformed its benchmark by that margin.
What are the top 5 holdings of Tata Midcap Growth Fund?
The top five holdings of Tata Midcap Growth Fund include a mix of pharma and consumer-focused companies. Max Financial Services leads the pack with the highest allocation of 3.77%. Next is Alkem Laboratories, which holds a weightage of 3.07%, followed by Jubilant Foodworks at 2.86%. Lupin, a major player in the pharma space, comes in with 2.79%, and Aurobindo Pharma at 2.73%. These companies in its portfolio indicate a strong inclination toward the healthcare sector.
Also read: 5 top-rated large-cap mutual funds with lowest expense ratio in 2025
Who should invest in this Tata mutual fund?
Investors who are looking to invest money for at least 3-4 years and looking for high returns.
Investors, however, should remember that past performance of a fund doesn’t guarantee similar returns in the future. Always consult a SEBI-registered financial advisor before making any investment decisions.
Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.
