Mid cap mutual funds have been on a strong rally, attracting significant attention from investors. These funds, known for their potential to offer high returns, come with a fair share of risk due to the volatility of mid cap stocks and concerns over corporate governance. Investors have seen handsome returns in recent years, but with current valuations rising, many are now feeling anxious about the sustainability of these gains. Despite the recent rally, mid cap stocks continue to offer growth potential, but the risks associated with valuation bubbles and market corrections are real.