Top 5 mid cap mutual funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Mid cap mutual funds have most of their investments in mid cap stocks. As an investor, if you select a mutual fund scheme wisely, with a great selection of stocks, diversification across sectors, and a good fund manager, you can expect good returns in the long run.
A mid cap funds are considered a good investment option for investors with medium to long-term investment horizons. They are a type of equity mutual fund that invests in companies ranked between 101 and 250 on the list of the highest market capitalisation firms. In this article, we will take you through the top 5 mid cap mutual funds in terms of the highest annualised SIP returns (XIRR) in 1 year.
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Motilal Oswal Midcap Fund Direct-Growth
In 1 year, Motilal Oswal mid cap fund has given 51.38 per cent annualised SIP returns. Its assets under management (AUM) are Rs 20,056 crore, while its net asset value (NAV) is Rs 118.3. Benchmarked against NIFTY Midcap 150 TRI, the fund has given annualised returns of 25.89 per cent since its launch in February 2014.
Motilal Oswal Midcap Fund Direct-Growth
With an expense ratio of 0.58 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly SIP of Rs 25,000 and a total investment of Rs 3,00,000 in 1 year, the fund has given a total of Rs 3,78,000. The fund has 71.9 per cent mid cap stocks in its equity holdings.
Invesco India Mid Cap Fund Direct-Growth
In the 1-year period, the mid cap fund has given 38.33 per cent annualised SIP returns. It has AUM of Rs 5,625 crore, while its NAV is Rs193.4. Benchmarked against the BSE 150 MidCap TRI index, the fund has given annualised returns of 22.29 per cent since its launch in January 2013.
Invesco India Mid Cap Fund Direct-Growth
With an expense ratio of 0.58 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. In 1 year, the fund has given a total of Rs 3,59,000. The fund has 66.04 per cent mid cap stocks in its equity holdings.
Edelweiss Mid Cap Direct Plan-Growth
The mid cap fund has delivered a 37.66 per cent annualised SIP return in 1 year. This fund has a fund size of Rs 7,677 crore and a unit price of Rs 111.91. Its benchmark is the NIFTY Midcap 150 TRI, and since its launch in January 2013, it has achieved annualised return of 23.38 per cent.
Edelweiss Mid Cap Direct Plan-Growth
With a low expense ratio of 0.36 per cent, the fund’s minimum investment requirements are Rs 500 for SIPs and Rs 5,000 for lump sum. In one year, a Rs 25,000 monthly SIP investment has grown to Rs 3,78,000. The fund has 69.32 per cent mid cap stocks in its equity holdings.
Kotak Emerging Equity Fund Direct-Growth
The mid cap fund has delivered a 34.73 per cent annualised SIP return over the 1 year. This fund has an an asset base of Rs 50,627 crore and an NAV of Rs 150.06. Its benchmark is the NIFTY Midcap 150 TRI. Since its launch in January 2013, the fund has given annualised return of 22.08 per cent.
Kotak Emerging Equity Fund Direct-Growth
With an expense ratio of 0.36 per cent, the fund’s minimum investment requirements are Rs 500 for SIPs and Rs 5,000 for lump sum. In one year, a Rs 25,000 monthly SIP has given Rs 3,54,000. The fund has 71.14 per cent mid cap stocks in its equity holdings.
HSBC Midcap Fund Direct-Growth
The mid cap fund has delivered a 32.74 per cent annualised SIP return in 1 year. This fund has an asset base of Rs 11,768 crore and an NAV of Rs 430.63. Its benchmark is the NIFTY Midcap 150 TRI. Since its launch in January 2013, the fund has given annualised return of 21.43 per cent.
HSBC Midcap Fund Direct-Growth
With a low expense ratio of 0.66 per cent, the fund’s minimum investment requirements are Rs 500 for SIPs and Rs 5,000 for lump sum. In one year, Rs 25,000 monthly SIP investment has grown to Rs 3,51,000. The fund has 65.89 per cent mid cap stocks in its equity holdings.