“AN EMPIRICAL ASSSESSMENT OF THE EFFCTIVENESS OF SELECTED MID-CAP MUTUAL FUNDS IN INDIA”

Abstract: Mutual Funds investing in mid-cap companies serve as a significant component of India’s equity investment landscape, targeting investors interested in growth prospects from medium-sized enterprises with high return potential. This research analyzes the risk-return efficiency of ten chosen Mid Cap investment funds between April 2020 and March 2025, benchmarking them against the Nifty Midcap 150 TRI. Utilizing annual return figures, the study applies descriptive statistics, correlation, regression, along with Sharpe performance measure, Treynor performance measure, and Jensen’s performance alpha metrics to evaluate fund efficiency. Results indicate that ICICI Prudential Mid Capitalization Fund and Kotak Mid capitalization Fund achieved the highest risk-adjusted returns, while Mirae Asset Midcap Fund lagged behind the index. The findings provide practical guidance for both retail and institutional investors in optimizing mid-cap fund selections.