Mid cap stocks have been the flavor of the season as these stocks tend to give superior returns than the large cap stocks. Mid cap funds have performed in line with the rally in mid cap stocks. Take a look at some of these funds that have doubled investor wealth in the last one year.
Canara Robeco Emerging Equities Fund
Canara Robeco Emerging Equities Fund has given a return of 119 per cent in the last one year. The company's portfolio is heavily tilted towards banking shares all of which have rallied in the last one year. The three year returns from the fund has been 42 per cent. A good bet for those looking for gains from the stock market rally.
Franklin India Smaller Companies Fund
Franklin India Smaller Companies Fund has given returns of almost 109 per cent in the last one year. The fund has a well balanced portfolio and includes names like Yes Bank, Finolex cables and Repco Home Finance.
UTI Mid Cap Fund
Like other peers the returns from the fund has more than doubled in the last one year at 104 per cent. The fund has performed pretty well on the back of names like Eicher Motors, SRF, Ceat and Indoco Remedies in its portfolio. Should the market continue to rally the NAV would continue to rise faster than the markets.
ICICI Prudential Value Discovery Fund - Regular Plan
Another star performer the fund has generated returns of almost 94 per cent in the last one year. Value Research has accorded the fund a 4-star rating. The portfolio comprises of blue chip names like ICICI Bank, Reliance Industries Amar Raja Batteries etc.