Anil Singhvi has selected these top-3 mid-cap mutual funds for you; have given more than 60% returns in 3 years; know details
Zee Business managing editor and market guru Anil Singhvi has selected 3 strong mid-cap mutual funds for SIP investors. In just 3 years, these funds have given returns of up to 60 per cent.
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Top-3 Mid-cap Funds: Mid-cap mutual funds continue to perform well in 2024 as well. Every month, thousands of crores of rupees are being invested in mid-cap mutual funds. According to AMFI data, there was an investment of Rs 2666 crore in these funds in the month of November and Rs 2409 crore in the month of October.
Talking about the Calendar Year 2023, there was an inflow of Rs 5574 crore in Q1, Rs 4735 crore in Q2 and Rs 6236 crore in Q3.
If you are also looking for good funds for yourself, then Zee Business manager market guru Anil Singhvi has selected these 3 mid-cap funds for investors.
Invest in mid-cap funds for at least 3-5 years
Anil Singhvi said that if you invest in mid-cap mutual funds, then keep an investment perspective of at least 3-5 years.
The longer the investment period, the better your returns and greater the safety.
If the vision is short term, then invest in large cap funds.
Let us tell you that in CY23, a jump of more than 45 per cent was recorded in the mid-cap index.
The best performing fund gave a return of 32 per cent in 2023.
Top-3 mid-cap funds recommendations by Anil Singhvi
1. HDFC Mid Cap Opportunities Fund
2. Nippon India Growth Fund
3. Tata Mid Cap Growth Fund
HDFC Mid Cap Opportunities Fund
The NAV of HDFC Midcap Opportunity Fund as on January 5 is Rs 150.
The Asset Under Management (AUM) is Rs 52,138 crore.
It has given returns of about 60 per cent on net basis to SIP investors in three years and 112 per cent in five years.
If an investor had started a SIP of Rs 10,000 three years ago, the value of that fund today would have been Rs 5.72 lakh.
The total amount of investment would have been Rs 3.60 lakh.
Nippon India Growth Fund
As on January 5, the NAV of Nippon India Growth Fund is Rs 3278.
The fund size (AUM) is Rs 21380 crore.
It has given returns of about 61 per cent on net basis to SIP investors in three years and 117 per cent in five years.
If an investor had started a SIP of Rs 10,000 three years ago, the value of that fund today would have been Rs 5.78 lakh.
Tata Midcap Growth Fund
As on January 5, the NAV of Tata Midcap Growth Fund is Rs 357.
The fund size is Rs 2852 crore.
It has given returns of about 49 per cent on net basis to SIP investors in three years and 95 per cent in five years.
If an investor had started a SIP of Rs 10,000 three years ago, the value of that fund today would have been Rs 5.35 lakh.
The total amount of investment would have been Rs 3.6 lakh.
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