7 Best MidCap Mutual Funds That Gave up to 60% Returns in 1 year

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oi-Sneha Kulkarni

| Updated: Sunday, April 18, 2021, 12:58 [IST]

Individual stocks are grouped into equity mutual funds based on their asset size or market capitalization. The market capitalization is also known as market-cap) of a company is determined by multiplying its total outstanding shares by the current market price of one share; this is the company’s value. Large-cap, mid-cap, and small-cap are the three market-cap categories. Investing in any or all of these carries its own set of risks and benefits. Mid-cap funds invest a significant portion of their assets in stocks of mid-cap companies. These businesses have assets ranging from 5,000 to 20,000 crores. On India’s stock exchanges, stocks are ranked from 100 to 250. Below funds are based on CRISIL ranking, Value Research Online rating, and based on previous performance.

Why Mid-Cap Funds?

Some mid-cap companies cater to niche markets, making them interesting and appealing investment opportunities. They also have a lot of room for growth. Mid-cap growth funds, for example, must have a portfolio that reflects their asset allocation to the mid-cap sector with a growth-oriented investing style. This makes it easier for investors to equate funds with similar objectives. Since market capitalization varies with stock price movement on the exchange, portfolio balancing must be performed on a regular basis.

Mid-cap mutual funds have higher returns than large-cap funds while avoiding the risks associated with small-cap funds. Look beyond the most recent 3-5 year returns for continuity of results over longer periods and compare them to appropriate benchmark returns when selecting the best mid-cap Mutual Funds.

Mid-cap companies are constantly increasing and expanding; this opportunity for growth is what drives NAV, which drives investment returns. Mid-cap stocks have shown to respond aggressively to market corrections in the past.

7 Best Performing MidCap Mutual Funds

Name of Funds 1 Year Return 3-Year Return
PGIM 102.5% 17.81%
Axis Midcap 60% 17.7%
InvescoIndia 62.87% 12.90%
Kotak Emerging 83.20% 13.21%
Mahindra Unnati 67.77% 12.64%
Tata Mid Cap 70.97% 12.96%
Nippon India Growth Fund 73.87% 11.59%

PGIM India Midcap Opportunities India

Crisil has given this fund a Rank 1 status, while Value Research has given it a 5-star rating. In terms of returns, the fund has performed admirably in recent years. In reality, the fund has returned a whopping 102.5% in the last year, and the three-year returns are 17.85% on an annualized basis. A Rs 1000 minimum SIP investment is required to begin an investment. Under the growth strategy, the net asset value(NAV) of PGIM India Midcap Opportunities Fund is Rs 33.88.

Axis Midcap Fund

Crisil has given this fund a Rank 1 status, while Value Research has given it a 5-star rating. The fund return is 55.5% in the last year, and the three-year returns are 16.76% on an annualized basis. The fund size is Rs 432 Crore and the expense ratio stands at 0.51%. The risk associated with this fund is high and NAV as of April 13, is Rs 59.27.

Invesco India Mid Cap Fund

Crisil has given this fund a Rank 2 status, while Value Research has given it a 4-star rating. The fund return is 64.29% in the last year, and the three-year returns are 13.38% on an annualized basis. The fund size is Rs 1,389 Crore and the expenses ratio stands at 0.73%. The risk associated with this fund is high and NAV as of April 13, is Rs 76.58.

Voltas, Mphasis, Sundaram, and Endurance are some of the top holdings of the fund.

Kotak Emerging Fund

Crisil has given this fund a Rank 3 status, while Value Research has given it a 4-star rating. The fund return is 86.22% in the last year, and the three-year returns are 13.22% on an annualized basis. The fund size is Rs 10,938 Crore and the expense ratio stands at 0.55%. The risk associated with this fund is high and NAV as of April 13, is Rs 62.97.

Tata Mid Cap Growth Fund

Crisil has given this fund a Rank 2 status, while Value Research has given it a 3-star rating. In the previous year, the fund returned 69.50% on an annualized basis, and 12.74% in the previous three years. The fund size is Rs 1,129 Crore and the expenses ratio stands at 1.15%. The risk associated with this fund is high and NAV as of April 13, is Rs 208.34.

The top holdings of the company are Voltas, Cholamandalam Investments, Tata Power, and Jubilant Foodworks. The fund holds 97.2% in equity and remaining in cash.

Mahindra Unnati Midcap funds

Value Research has given it a 4-star rating. In the previous year, the fund returned 67.43% and 12.44% in the previous three years on an annualized basis. The minimum SIP amount that can be invested is Rs 500. If you had invested Rs 5000 per month one year back, now the return would have been Rs 76,825.

The fund size is Rs 631 Crore and the expenses ratio stands at 0.85%. The risk associated with this fund is high and NAV as of April 13, is Rs 14.09.

Nippon India Growth Fund

Crisil has given this fund a Rank 3 status, while Value Research has given it a 4-star rating. In the previous year, the fund generated 76.63% returns and 11.61% in the previous three years on an annualized basis.

If you had invested Rs 5000 lump sum one year back, your returns would have been at Rs 8,682.

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