2 Mid Cap Funds Rated 1 By CRISIL With 1 Year Returns Around 100%

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Investment
oi-Vipul Das

| Published: Friday, September 24, 2021, 17:45 [IST]

As we are in the midst of a bull market, we are seeing a massive surge in mid and small-cap stocks outperforming large caps with a huge compound annual growth rate, which is leading to a rise in the prices of mid-cap stocks among retail investors. Mid-cap funds might have a favorable stance in a turbulent market if an investor’s investment horizon is 3 to 5 years. The rebound of the economy has boosted the market, resulting in strong returns for both mid and small-cap stocks and when it comes to alpha-generating potential, a well-diversified portfolio of best-performing large-cap, mid-cap, and small-cap funds can be a wise decision. Owing to a favorable economic perspective, a 5-year or longer investment horizon, higher risk in nature when compared to large caps, inflation-beating, and risk-adjusted returns, we have selected two mid-cap mutual funds ranked 1 or 5 by CRISIL as of 30th June 2021, that can be a part of your portfolio for diversification through SIP.

PGIM India Midcap Opportunities Fund Direct Growth

This mid-cap mutual fund scheme was launched by the fund house PGIM India Mutual Fund in the year and thus has been in existence for the last 8 years. According to Value Research, PGIM India Midcap Opportunities Fund Direct-Growth returns over the previous year have been 100.47 percent, with an average annual return of 21.91 percent since its debut.

The fund’s expense ratio is 0.34 percent, which is lower than the expense ratio charged by most other funds in the same category. CRISIL has given the fund a 1-star rating, Value Research has given it a 5-star rating, and Morningstar has given it a 4-star rating, indicating the fund’s potential to provide positive returns. The fund has a major equity allocation across the Financial, Healthcare, Engineering, Technology, Construction sectors.

Max Healthcare Institute Ltd., Mphasis Ltd., MindTree Ltd., Max Financial Services Ltd., NIIT Technologies Ltd. are the fund’s best 5 holdings. As of 23rd September 2021, the Net Asset Value (NAV) of the fund is Rs 47.01 and the Asset Under Management (AUM) of the fund is Rs 2,709.09 Cr.

PGIM India Midcap Opportunities Fund charges an exit load of 0.5% if units more than 10% of the purchased value are withdrawn within 90 days of the investment date. With a minimum amount of Rs 1000 one can start SIP in this fund.

BNP Paribas Mid Cap Fund Growth

This fund was launched in the year 2006 by the fund house BNP Paribas Mutual Fund and thus the fund has been active for the last 15 years. According to Value Research, BNP Paribas Midcap Fund-Growth returns over the last year have been 75.36 percent, with an average annual return of 12.17 percent since its commencement.

The fund’s expense ratio is 2.24 percent, which is much higher than the expense ratio of comparable mid-cap funds. CRISIL has given the BNP Paribas Mid Cap Fund a 1 or 5-star rating, Value Research has given it a 3-star rating, and Morningstar has given it a 4-star rating. Most of the equity sector allocation of the fund is diversified across Financial, Healthcare, Chemicals, Engineering, Technology sectors. Voltas Ltd., Bharat Electronics Ltd., Gujarat Gas Ltd., Mphasis Ltd., Apollo Hospitals Enterprise Ltd. are the fund’s top 5 holdings as of now.

The fund’s Net Asset Value (NAV) is Rs 58.63, and its Asset Under Management (AUM) is Rs 1,060.02 Cr as of September 23, 2021. The fund charges an exit load of 1% if purchased units more than 10% of the investment amount are withdrawn within 1 year of the purchased date. One can start SIP in this fund with a minimum amount of Rs 1500.

2 Mid Cap Funds Ranked 1 By CRISIL

Based on the ratings granted by various agencies as discussed above, here are two mid-cap mutual funds that have delivered strong returns in the last year.

Funds 1 mth returns 6 mth returns 1 yr returns 3 yr returns 5 yr returns
PGIM India Midcap Opportunities Fund 10.12% 38.84% 100.47% 34.16% 22.06%
BNP Paribas Mid Cap Fund Growth 7.34% 26.11% 75.36% 22.32% 15.53%

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Story first published: Friday, September 24, 2021, 17:45 [IST]

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