HDFC Mid Cap Fund vs PPFAS Mutual Fund Liquid Fund
Side-by-side comparison of returns, risk, expenses, holdings and performance. AI-powered insights included.
3Y Return
22.29%
3Y Return
6.93%
Today, we're going to compare two funds - HDFC Mid Cap Fund and PPFAS Mutual Fund Liquid Fund. Dekho, mid cap funds come with a higher risk, but also with higher potential returns. On the other hand, liquid funds provide liquidity and are less risky. Chaliye, let's see which fund is right for you.
| Parameter | AHDFC Mid Cap Fund - Direct Plan - Growth | BPPFAS Mutual Fund Liquid Fund - Direct Plan - Growth |
|---|---|---|
| Fund House | HDFC Mutual Fund | PPFAS Mutual Fund |
| Category | Mid Cap | Liquid Fund |
| NAV (₹) | 220.36 | 5622.79 |
| AUM (₹ Cr) | 9.47 Lac Cr | 4.41 Lac Cr |
| Expense Ratio (%) | 0.73% | 0.12% |
| Riskometer | Very High | Low |
| Volatility | 17.17 | 0.12 |
| Sharpe Ratio | 0.92 | 3.58 |
| 1 Year Return (%) | 5.95% | 6.17% |
| 3 Year Return (%) | 22.29% | 6.93% |
| 5 Year Return (%) | 20.24% | 6.11% |
| Since Launch (%) | 17.1% | 50.63% |
| Min SIP (₹) | 500 | 500 |
| Min Lumpsum (₹) | 1000 | 1000 |
| Launch Date | 5 July 2007 | 1 January 2013 |
| Exit Load | Nil | Nil |
| Fund Manager | Chirag Setalvad; Dhruv Muchhal (13.4 years yrs) | Rajeev Thakkar (3.5 years yrs) |
| Benchmark | Nifty Midcap 150 TRI | NIFTY Liquid Index |
| Top 3 Holdings | Max Financial Services Ltd. (4.37%), AU Small Finance Bank Ltd. (4.24%), The Federal Bank Ltd. (3.87%) | State Bank of India CD (8.5%), HDFC Bank CD (7.2%), Reliance Industries T-Bills (6.8%) |
| Asset Allocation | Equity: 93.46% | T-Bills: 65.00% | CD: 20.00% | CP: 10.00% | Cash: 5.00% |
| Portfolio Turnover | 13% | 249% |
🤖 AI Verdict – Which is Better?
Sach ye hai, when it comes to long-term wealth creation, HDFC Mid Cap Fund is a clear winner. Its 3Y return of 22.29% is significantly higher than PPFAS Mutual Fund Liquid Fund's 6.93%. Lekin, expense ratio of 0.73% is slightly higher. Haan, considering the risk, HDFC Mid Cap Fund is a better option.
Why consider HDFC Mid Cap Fund?
- Expense ratio: 0.73%
- 3Y return: 22.29%
- AUM: 9.47 Lac Cr
- Sharpe Ratio: 0.92
Why consider PPFAS Mutual Fund Liquid Fund?
- Expense ratio: 0.12%
- 3Y return: 6.93%
- AUM: 4.41 Lac Cr
- Sharpe Ratio: 3.58
📈 SIP Suitability
For a monthly SIP of 10+ years, HDFC Mid Cap Fund is a better choice. Its high returns in the long run make it suitable for investors with a higher risk appetite. PPFAS Mutual Fund Liquid Fund is more suitable for short-term goals or conservative investors.
⚠️ Risk & Cost Analysis
Riskometer tells us that HDFC Mid Cap Fund is a Very High risk fund, while PPFAS Mutual Fund Liquid Fund is a Low risk fund. Volatility is also higher for HDFC Mid Cap Fund at 17.17. Sharpe ratio, however, is higher for PPFAS Mutual Fund Liquid Fund at 3.58. Expense ratio of HDFC Mid Cap Fund is 0.73%, while PPFAS Mutual Fund Liquid Fund is 0.12%. Sach ye hai, PPFAS Mutual Fund Liquid Fund is a better risk-adjusted return option.
📊 Portfolio Diversification
HDFC Mid Cap Fund has a higher equity allocation of 93.46%, while PPFAS Mutual Fund Liquid Fund has a diversified asset allocation with 65% T-Bills, 20% CD, 10% CP, and 5% cash. Dekho, PPFAS Mutual Fund Liquid Fund is more diversified with lesser sector risk. Max Financial Services Ltd. is a significant holding in HDFC Mid Cap Fund, while State Bank of India CD is a significant holding in PPFAS Mutual Fund Liquid Fund.
SIP Calculator – Compare Growth Potential
HDFC Mid Cap Fund
₹2221540.12
@22.3% annual return (3Y)
PPFAS Mutual Fund Liquid Fund
₹867076.87
@6.9% annual return (3Y)
*Projected returns are illustrative based on historical 3‑year returns. Past performance does not guarantee future returns.
❓ Frequently Asked Questions (Comparison)
Q1: Which fund gives better returns in the long run?
HDFC Mid Cap Fund gives better returns in the long run with 5Y return of 20.24% compared to PPFAS Mutual Fund Liquid Fund's 6.11%.
Q2: Is the higher risk fund worth it?
No, the higher risk fund is not worth it. Lekin, HDFC Mid Cap Fund's volatility of 17.17 is relatively high compared to PPFAS Mutual Fund Liquid Fund's volatility of 0.12. Sharpe ratio of PPFAS Mutual Fund Liquid Fund is also higher at 3.58.
Q3: Which fund is more cost-effective?
PPFAS Mutual Fund Liquid Fund is more cost-effective with an expense ratio of 0.12% compared to HDFC Mid Cap Fund's 0.73%.
Mahendra Maurya
6+ Years in Banking, Wealth Management & Financial ServicesFounder & Author of ShareTargetPrice.in. 6+ years in Banking, Wealth Management & Financial Services.
📊 Author & Founder at Share Target Price