How 20 midcap funds delivered up to 426% returns over 10 years

Midcap mutual funds have delivered exceptional wealth creation over the past decade, with all 20 schemes boasting a full 10-year track record emerging as multibaggers.

But can the category repeat that performance? Experts point to strong earnings growth and structural opportunities, while warning that elevated valuations, volatility, crowded trades and a limited stock universe could constrain future returns.