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Top 5 Mid Cap Fund Picks By Sharekhan To Start SIP In 2022

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In recent years, Indian stock markets have been quite turbulent, mainly influenced by inflation, geopolitical complications, and rises in crude prices, as well as higher bond yields. The price trend of the rupee against the US Dollar and crude oil prices, ongoing update of Q4 results, and volatile stock trends are all expected to keep the market precarious in the coming days. As a result, equity investors are advised to stay invested for the long term, as the equity market continued its upward trend in FY22 showing a positive market outlook.

 

Because most sectors have already recovered, Midcaps could experience a better performance because the rise in commodity prices has already resulted in large-cap sectors like FMCG, telecom, auto, and retail market remaining under pressure. Midcaps are recognised for outperforming inflation and generating superior returns, especially in unfavourable markets and as a result for the same, here we have selected the top 5 mid-cap funds that have been picked from the brokerage firm Sharekhan in the month of April 2022.

SBI Magnum Midcap Fund Direct Growth

SBI Magnum Midcap Fund Direct Growth

SBI Magnum Midcap Fund Direct-Growth has been rated 3-star by Value Research and the fund is in force since 29/03/2005. As of 31 March 2022, SBI Magnum Mid Cap Direct Plan-Growth has Rs 6,829 crores in assets under management (AUM) and a Net Asset Value (NAV) of Rs 150.66 as of 25th April 2022. The last one-year returns for SBI Magnum MidCap Direct Plan-Growth are 30.82 per cent and it has returned an average of 19.80 per cent every year since its inception.

The fund has a 1.03 per cent cost ratio, which is more than most other funds in the same category, and it mostly specializes in the Automobile, Financial, Capital Goods, Consumer Discretionary, and Textiles sectors. Sheela Foam Ltd., Page Industries Ltd., TI Financial Holdings Ltd., Carborundum Universal Ltd., and Cholamandalam Investment & Finance Co. Ltd. are the fund's top five holdings.

PeriodAbsolute ReturnsAnnualised ReturnsCategory Avg
1 Week-1.20%--1.97%
1 Month3.60%-1.38%
3 Month-0.01%--0.57%
6 Month4.23%--1.59%
YTD-1.69%--2.87%
1 Year31.01%30.82%26.72%
2 Year150.32%58.12%48.90%
3 Year92.98%24.48%21.95%
5 Year89.72%13.66%14.14%
Since Inception437.88%19.80%19.38%
Source: moneycontrol.com. Data as of 25th April 2022   
Edelweiss Mid Cap Fund Direct Growth
 

Edelweiss Mid Cap Fund Direct Growth

Edelweiss Mid Cap Fund Direct Growth has been rated 4-star by Value Research and the fund was launched on 1 January 2013. As of 31 March 2022, Edelweiss Mid Cap Direct Plan-Growth had Rs 1,920 crores in assets under management (AUM) and a net asset value (NAV) of Rs 55.03 as of April 25, 2022. The fund has a 0.46 per cent expense ratio, and Edelweiss Mid Cap Direct Plan-Growth returns for the last year were 28.70 per cent, and it has provided 21.19 per cent average annual returns since its inception.

The majority of the fund's assets are allocated to the financial, capital goods, chemicals, automobile, and healthcare sectors. Persistent Systems Ltd., Cholamandalam Investment & Finance Co. Ltd., Trent Ltd., Federal Bank Ltd., and Crompton Greaves Consumer Electricals Ltd. are the fund's top five holdings.

PeriodAbsolute ReturnsAnnualised ReturnsCategory Avg
1 Week-1.83%--1.97%
1 Month1.64%-1.38%
3 Month-0.07%--0.57%
6 Month-1.36%--1.59%
YTD-3.10%--2.87%
1 Year28.87%28.70%26.72%
2 Year135.53%53.38%48.90%
3 Year97.13%25.36%21.95%
5 Year117.26%16.78%14.14%
Since Inception499.25%21.19%19.38%
Source: moneycontrol.com. Data as of 25th April 2022   
Kotak Emerging Equity Fund Regular - Growth

Kotak Emerging Equity Fund Regular - Growth

Kotak Emerging Equity Fund Regular - Growth has been rated 4-star by Value Research and the fund was founded on 30th March 2007. As of 31/03/2022, Kotak Emerging Equity Fund Regular-Growth had assets under management (AUM) of Rs 18,635 crores, with a net asset value (NAV) of Rs 71.51 as of Apr 25, 2022. The fund has a 1.72 per cent expense ratio, which is more than most other funds in the same category, and Kotak Emerging Equity Fund Regular-Growth returns are 25.45 per cent over the last year and it has returned an average of 13.93 per cent every year since its inception.

The fund's top 5 holdings are Persistent Systems Ltd., Supreme Industries Ltd., Schaeffler India Ltd., Thermax Ltd., and Cummins India Ltd., with the majority of its money allocated to the Capital Goods, Consumer Discretionary, Financial, Materials, and Chemicals sectors.

PeriodAbsolute ReturnsAnnualised ReturnsCategory Avg
1 Week-2.62%--1.98%
1 Month2.31%-1.29%
3 Month0.63%--0.85%
6 Month1.34%--2.17%
YTD-1.57%--3.22%
1 Year25.61%25.45%25.20%
2 Year125.70%50.15%47.40%
3 Year85.87%22.93%20.66%
5 Year96.76%14.49%12.95%
10 Year525.61%20.11%18.49%
Since Inception615.07%13.93%17.35%
Source: moneycontrol.com. Data as of 25th April 2022   
Nippon India Growth Fund Regular Growth

Nippon India Growth Fund Regular Growth

Nippon India Growth Fund Regular Growth has been rated 4-star by Value Research and the fund is in force since 8th October 1995. As of 31/03/2022, Nippon India Growth Fund-Growth had Rs 12,015 crores in assets under management (AUM) and a net asset value (NAV) of Rs 2,012.21 as of Apr 25, 2022. The fund's expense ratio is 1.76 per cent, which is much higher than the sector average.

Nippon India Growth Fund's 1-year growth returns were 31.21 per cent, and it has provided an average annual return of 22.10 per cent since its inception. The fund has sector allocation across Financial, Services, Technology, Healthcare, Consumer Staples and the fund's top 5 holdings are Varun Beverages Ltd., Tube Investments Of India Ltd., Max Financial Services Ltd., AU Small Finance Bank Ltd., Aditya Birla Fashion and Retail Ltd..

PeriodAbsolute ReturnsAnnualised ReturnsCategory Avg
1 Week-1.99%--1.98%
1 Month1.21%-1.29%
3 Month-0.52%--0.85%
6 Month-1.94%--2.17%
YTD-1.53%--3.22%
1 Year31.40%31.21%25.20%
2 Year124.62%49.79%47.40%
3 Year80.91%21.83%20.66%
5 Year102.38%15.13%12.95%
10 Year367.46%16.66%18.49%
Since Inception20022.15%22.10%17.35%
Source: moneycontrol.com. Data as of 25th April 2022   
Axis Midcap Fund Direct Growth

Axis Midcap Fund Direct Growth

Value Research has given this fund a 5-star rating and the fund invests in mid-sized companies. As of March 31, 2022, Axis Midcap Direct Plan-Growth has Rs 17,645 crores in assets under management (AUM) and a net asset value (NAV) of Rs 73.61 crores as of 25th April 2022. The fund has a low expense ratio of 0.46 per cent, and Axis Midcap Direct Plan-Growth returns over the last year have been 22.85 per cent, with an average annual return of 19.72 per cent since its inception on 02 January 2013.

The scheme has fund allocation across the Financial, Technology, Services, Materials, and Consumer Discretionary sectors. Cholamandalam Investment & Finance Co. Ltd., ICICI Bank Ltd., Trent Ltd., Bajaj Finance Ltd., and NIIT Technologies Ltd. are the fund's top five holdings.

PeriodAbsolute ReturnsAnnualised ReturnsCategory Avg
1 Week-1.46%--1.97%
1 Month-0.75%-1.38%
3 Month-2.27%--0.57%
6 Month-4.40%--1.59%
YTD-5.89%--2.87%
1 Year22.99%22.85%26.72%
2 Year96.29%40.04%48.90%
3 Year88.74%23.56%21.95%
5 Year145.12%19.63%14.14%
Since Inception434.57%19.72%19.38%
Source: moneycontrol.com. Data as of 25th April 2022   
Disclaimer

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice to buy or sell stocks, gold, currency, or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates, and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in

Read more about: mutual funds
Story first published: Tuesday, April 26, 2022, 15:05 [IST]
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