In the last one-year mid cap funds offered an average return of 44.8 percent. This is as in the bull run as we were in during the period, mid and small cap stocks tend to soar more than the large caps. Mid cap funds as the name suggests invest predominantly in mid-cap stocks. Sebi guidelines mandates these schemes to put their corpus in companies that rank between 101-250 in market capitalisation. The mid cap category can certainly be a good bet for realising long term financial goals.
Here are the Top 3 Mid cap fund based on 3-year returns
PGIM India Midcap Opportunities:
Launched in December 2013, this mid cap fund from the house of PGIM India Mutual fund is an open ended equity scheme investing predominantly in mid cap stocks. The fund's AUM as on December 31, 2021 are at Rs. 4070 crore. Direct plan of the fund carries an expense ratio of just 0.4%. The fund's performance is tracked against the Nifty Midcap 150 TRI. Top stocks in the fund's portfolio include Mphasis, Coforge, ICICI Bank, JB Chemicals and Persistent Systems among others. For starting SIP in this fund, the minimum investment is Rs. 1000.
Quant Midcap Fund:
The fund from the Quant Mutual fund seeks to offer long term capital appreciation as well as generate income with a diversified portfolio comprising mid cap stocks. The fund since inception in 2013 has generated return to the tune of 17.51%. The fund size of the scheme is Rs. 248 cr. while it entails an expense of 0.57%. Top stock holdings of the scheme include Tata Communications, Adani Enterprises, Linde, ITC, Union Bank etc. SIP or systematic investment plan in the scheme can be started for Rs. 1000, while for lump sum investment one needs to park Rs. 5000.
Baroda Midcap Fund-Direct Plan:
The fund as of January 14, 2022 has a net asset value of Rs. 20.12. The mid cap fund commands a low fund size of Rs. 95 cr. as on December 31, 2022, while its expense ratio is at a higher 1.64%. The benchmark for the fund is S&P BSE 150 Midcap TRI. Top stock holdings in the scheme's portfolio include Minda, Persistent Systems, IPCA, Fortis, Bharat Electronics, Coforge, Mphasis among others.
3 Top Performing Mid Cap Funds Based On 3-Year Returns
|Midcap funds||Rating||3-year Annualised return||Value of Rs. 10,000 monthly SIP in 3 years|
|PGIM India Midcap Opportunities-Direct||5 Star rated by both CRISIL and Value Research||40.51%||Rs. 7.74 lakh|
|Quant Midcap- Direct Plan- G||5 Star rated by CRISIL and 3 Star by Value Research||31.75%||Rs. 7.01 lakh|
|Baroda Midcap- Plan B (Direct)- Growth||4 Star rated by CRISIL and Value Research||29.72%||Rs. 6.69 lakh|
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