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Top 5 midcap mutual funds with highest risk-adjusted returns: HDFC Mid Cap Fund with a Sharpe ratio of 1.30 and 25.78% return in 3 years, Invesco India Mid Cap Fund with 1.26 Sharpe ratio and 28.28% return, WhiteOak Capital Mid Cap Fund with 1.20 Sharpe ratio and 26.12% return, Edelweiss Mid Cap Fund with 1.14 Sharpe ratio and 25.56% return, and Nippon India Growth Mid Cap Fund with 1.13 Sharpe ratio and 25.17% return.

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