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With Over 70% SIP Returns In 3-Years, These 2 Top Rated Mid-Cap Funds Are Good For SIP
Equity mutual funds are classed as Large-cap, Mid-cap, or Small cap depending on the size of the firms in which they invest, rather than the mutual fund's size. The mid-cap mutual fund schemes invest in firms with a market value of between Rs 50 billion and Rs 200 billion. Here, we have highlighted two of these mid-cap funds. These funds are top-rated funds by CRISIL and are the best performing funds on 23 of SIP. Check out return performance to know more.
Quant Mid Cap Fund - Direct Plan-Growth
This mid-cap mutual fund scheme is from the Quant Mutual Fund. It is an open-ended small-sized fund of its category that seeks to offer long term capital gain with a diversified portfolio of mid-cap companies. The Asset Under Management of this scheme is Rs 360.64 Crore. The Net Asset Value declared on 09th May 2022 is Rs 127.1131. The fund has an expense ratio of 0.5%, which is less than its category average expense ratio.
It is a highly risky fund for investment. The fund is rated 5-star by the rating agency CRISIL. Investment in this fund started with a minimum amount of Rs 5,000, and a Rs 1,000 minimum is required for additional investment. For SIP, it is Rs 1000. The fund has no lock-in period. However, it charges 0.5% for redemption within 90 days of the investment.
Portfolio
Fund has 95.18% investment in equities of which 10.63% is in large-cap stocks, 41.64% is in mid-cap stocks, and 26.37% is in small-cap stocks. The fund has the majority of its money invested in the Services, Healthcare, Construction, Consumer Staples, and Communication sectors.
Absolute And Annualised Returns
Lump-Sum Investment Returns
The fund has given a better return performance than its peer fund. In the last 1-year, it has delivered 16.47% Returns. Whereas, since its inception, it has delivered 16.47% average annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 27.34% | 27.17% |
| 2 Year | 145.00% | 56.43% |
| 3 Year | 136.38% | 33.18% |
| 5 Year | 153.29% | 20.41% |
| Since Inception | 315.30% | 16.47% |
SIP Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 5.70% | 10.76% |
| 2 Year | 45.23% | 40.60% |
| 3 Year | 74.97% | 39.96% |
| 5 Year | 96.74% | 27.45% |
PGIM India Midcap Opportunities Fund - Direct Plan-Growth
This mid-cap mutual fund scheme is from the PGIM India Mutual Fund. This is an open-ended medium-sized fund of its category. This fund has an Asset Under Management worth Rs 4887.32 Crore. The Net Asset Value of the fund declared on 09th May 2022 is Rs 43.63. The fund has an expense ratio of 0.47%, which is less than its category average expense ratio.
It is rated a highly risky fund for investment. The has been rated 5-star by the CRISIL. NIFTY Midcap 150 is the fund's benchmark. For investment, the minimum amount required is Rs 5,000, and RS 1000 for additional investment. For SIP, it is Rs 1000. This fund has no lock-in period. However, it charges 0.5% for redemption within 90 days of investment.
Portfolio
Fund has 98.67% investment in equities of which 8.88% is in large-cap stocks, 44.05% is in mid-cap stocks, and 29.52% in small-cap stocks. The fund has 0.2% investment in Debt of which 0.2% in Government securities. The fund has the majority of its money invested in the Capital Goods, Financial, Technology, Healthcare, and Automobile sectors.
Absolute And Annualised Returns
Lump-Sum Investment Returns
The fund has given good return performance among its peer funds. In the last 1years, the fund has delivered 20.73% returns. Whereas, since its launch, it has delivered 19.07% average annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 20.86% | 20.73% |
| 2 Year | 157.10% | 60.24% |
| 3 Year | 140.39% | 33.92% |
| 5 Year | 126.53% | 17.76% |
| Since Inception | 336.30% | 19.07% |
SIP Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | -2.26% | -4.16% |
| 2 Year | 36.84% | 33.47% |
| 3 Year | 70.02% | 37.72% |
| 5 Year | 91.63% | 26.35% |
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
