6 mid-cap mutual funds that have beaten their benchmark in 5 years
Mid-cap mutual funds from Quant, Motilal Oswal, Mahindra Manulife, and PGIM India have been consistent performers in the last five years.
As the name suggests, mid-cap mutual funds invest their money in mid-cap companies, which have a market value ranging from Rs 5,000 crore to Rs 20,000 crore. Mid-cap companies are not as stable as large-cap companies, but many mid-cap mutual funds have been consistent performers. Mid-cap funds from Quant, Motilal Oswal, and Mahindra Manulife have beaten their benchmarks by significant margins in the last few years. Here's a list of six mid-cap mutual funds that have performed above their benchmark in the last 5 years (As per Association of Mutual Funds in India data as on April 24). All 6 funds have NIFTY Midcap 150 Total Return Index as their benchmark.
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Quant Mid Cap Fund
The fund in the No. 1 position has given a 34.02% return in the three-year period. Its returns are way ahead of its benchmark's return of 24.85% for the same duration. The fund's AUM is Rs 6,518.89 crore, while its NAV size is Rs 247.1766.
Motilal Oswal Midcap Fund
The fund from Motilal Oswal has given 28.07% returns. Its AUM is Rs 9,631.51 crore, while the fund's NAV size is Rs 92.7696.
Mahindra Manulife Mid Cap Fund
The fund from Mahindra Manulife has given 27.28% returns in the three years. Its AUM is Rs 2,341.24 crore, while its NAV is Rs 32.1624.
PGIM India Midcap Opportunities Fund
The fund at No. 4 has given 26.99% returns. It has an AUM of Rs 10,073.59 crore, while its NAV is worth Rs 63.0500.
Edelweiss Mid Cap Fund
The mid-cap fund has given 26.83% returns. It has its NAV at Rs 91.8010, while the fund's AUM is Rs 5,433.48 crore.
Nippon India Growth Fund
The fund from Nippon India has also beaten its benchmark with 25.88% returns in the three-year period. The fund's AUM is Rs 26,132.92 crore.