3 Mid-Cap Mutual Funds With 1-Year Return Of Up To 39%

Updated: Thursday, November 26, 2020, 15:50 [IST]

Now that the indices have turned positive on a year to date basis and have overcome all the losses due to the Covid led out, experts are determined that now is the time for broader markets which is inclusive of mid and small cap stocks.

3 Mid-Cap Mutual Funds With 1-Year Return Of Up To 39%

And these mid-cap stocks or companies may or may not turn big or may or may not deliver. And in fact in the just witnessed turbulence, it was mid and small caps that outperformed their larger peers. "Since the last quarter of 2013 till 2017, mid and small cap segments haven't really witnessed any major correction and were richly valued. From this perspective, the recent correction in both the segments provided an attractive investment opportunity for investors," says Himanshu Srivastava, Associate Director - Manager Research, Morningstar India.

But as recommended at attractive valuation and recent correction, while you can definitely build your mid and small cap portfolio, don't go overboard.

Here are given 5 such mid-cap funds that in a year's time have provided return to the tune of 39 percent:

1. PGIM India Midcap Opportunities Fund:

The Crisil 5 rated fund has an asset size of Rs. 374 crore. NAV as of November 25 is 24.71. Minimum investment via the SIP route is Rs. 500 while for one-time investment it is Rs. 15000. The scheme's 1-year return is 39 percent as against benchmark return of just 12.58 percent. SIP started a year back with Rs. 1000 with a total investment at Rs. 12000 will now be equivalent to Rs. 16543.84, absolute return of 37 percent.

Portfolio comprises stocks like Dixon, NIIT Technologies, Max Financial Services, Voltas, Alembic Pharma.

2. UTI Midcap Fund Growth:

This mid cap fund has a size of Rs. 4037 crore and carries an expense ratio of 1.96 percent. Min Rs. 500 shall be needed for starting SIP investment in the fund. Against the benchmark Nifty which delivered just 15% return the scheme during a 1-year time frame is 23 percent. The fund's constituents include PI industries, Jubilant Foodworks, SRF etc.

3. DSP Midcap Fund- Direct Plan-Growth:

The fund started way back in 2013 has a asset size of Rs. 8407 crore. NAV as on November 25, 2020 is 71. CAGR inception is also higher than the benchmark at 17%. Top 5 stocks by holdings are Supreme Industries, Infosys, IPCA, Manappuram Finance and Balkrishna Industries.

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