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Two Mid-Cap Funds, Value Research 5-Star Rated, Ticked More Than 24% Annualised SIP Returns In 5Y
Midcap funds are criticised for their sharp decline during market turmoil. However, their strong returns when kept for five years or more have maintained their standing as a crucial component in the process of generating wealth. Over time, mid-and small-cap stocks will be more volatile. Therefore, during times of market volatility, you must exercise patience with these assets.
Here we have highlighted two mid-cap equity funds that have delivered the highest Annualised SIP returns in 5-years. The fund has also been rated 5-star by reputed mutual fund rating agencies.
Quant Mid Cap Fund
This Mid Cap equity Mutual fund from the house of Quant Mutual Fund is a 23-year-old fund, launched in March 1998. It is rated 5-star by Value Research as well by the CRISIL. It is an open-ended highly risky fund.
Fund's Objective
For capital appreciation or return, this fund invests in equity-related mid-cap companies defined by SEBI.
According to the Quant Mutual Fund, "The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio of Mid Cap companies. There is no assurance that the investment objective of the Scheme will be realized."
Fund Details
The fund has Asset Under management (AUM) worth Rs 511 crore as on May 31, 2022. As on June 22, 2022, the Net Asset Value (NAV) of the fund is Rs 108.79, according to the Quant Mutual Fund. The expense ratio of the fund is 0.63% as on 31st May 2022. The exit laod of the funds is 0.5% if redeemed on or before completion of 3 months or 90 days from the date of allotments of units.
Investment in the fund starts with the minimum required amount of Rs 5000 for a lump-sum payment and Rs 1000 for SIP. There is no lock-in period in this fund. The benchmark of this fund is the Nifty Mid Cap 150 Index.
PGIM India Midcap Opportunities Fund
PGIM India Midcap Opportunities Fund Equity Mutual Fund is an 8-year-old fund, launched by the PGIM India Mutual Fund in December 2013. It is an open-ended fund. Both Value Research and CRISIL have given it a five-star rating. However, the fun is also rated highly risky for the investment.
Fund Objective
To achieve long-term capital appreciation, the fund invests predominantly in equity & equity-related instruments of mid-cap companies defined by SEBI.
According to the PGIM India Mutual Fund, "The primary objective of the Scheme is to achieve long-term capital appreciation by predominantly investing in equity & equity related instruments of mid-cap companies."
Fund Details
As on 31st May 2022, the fund has an asset under management (AUM) worth Rs 5,119 crore and an expense ratio of 0.45%, respectively. It has Net Asset value (NAV) declared on 22 June 2022 is Rs 41.37. The fund charges 0.50% if redeemed within 90 days from the date of allotment of units.
To start investment in this fund the minimum investment amount required is Rs 5000 for a lump-sum payment and Rs 1000 to start investment via SIP. The fund has no lock-in period. Its benchmark is Nifty midcap 150.
Annualised SIP Returns
On 1 year investment, both the funds has given negative returns under the Direct Plan-Growth option.
| Fund | 1-Year | 3-Year | 5-Year |
|---|---|---|---|
| Quant Mid Cap Fund | -6.95 | 33.6 | 24.18 |
| PGIM India Midcap Opportunities Fund | -15.94 | 32.86 | 24.14 |
Source- Valueresearhonline.com
Disclaimer
Mutual funds investment are subject to market. Read all terms & conditions carefully with investment. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
