Mid cap funds are giving better returns for investors since the benchmark indices have increased and mid cap stocks have become a favourite of investors. Here are top 5 mid cap funds that are likely to see a good growth moving ahead should the broader markets outperform.
BNP Paribas Mid Cap Fund (D) is performing consistently
The net asset value (NAV) of BNP Paribas Mid Cap Fund (D) is Rs 18.56 (as of July 30, 2014) and has given a return of nearly 67.94 per cent in the last one year. The portfolio comprises of good quality mid cap stocks like Orient Cement Ltd and private banks like Yes Bank Ltd and IndusInd Bank Ltd. This makes the fund an interesting buy over the medium term.
ICICI Pru Value Discovery Fund-Reg (D) is another top performer
ICICI Pru Value Discovery Fund-Reg (D) has a NAV of 28.59 (as of June 30, 2014). It is a highly rated fund giving returns of 87.07 per cent for one year and is one of the top performers.
Religare Inveso Mid and Small Cap fund (D) with a portfolio of ING Vysya, Britannia and is a good buy
With NAV of 27.10 (as of June 30, 2014) and yielding returns of 73.24 for the last one year, Religare Inveso Mid and Small Cap fund (D) is also among the top performing mid cap funds. The fund's portfolio consists of LIC Housing Finance Ltd., ING Vysya Bank, Britannia Industries Ltd etc. Again a quality portfolio makes the fund an interesting buy.
Attractive portfolio of Canara Rob Emerg Eq Fund-Reg (D) makes it a good bet
The NAV of Canara Rob Emerg Eq Fund-Reg (D) is 28.29 as of June 30, 2014. The fund is attractive as the portfolio contains Bosch Ltd and The Federal Bank Ltd. among others. It has outperformed the benchmark indices by some distance.
HDFC Mid Cap Opportunities fund (D) is a good investment option
The fund generated returns of 75.5 per cent in one year. The portfolio consists of stocks like Union Bank of India, MindTree Limited, Aurobindo Pharma Ltd. Etc. Again, a good bet from a medium to long term view.