Top 5 Mid Cap Mutual Funds with best SIP returns in 1 year: See how Rs 30,000 monthly investment has grown in each scheme
Mid cap mutual funds invest mainly in mid-cap stocks. According to the Securities Exchange Board of India's (Sebi) classification of mutual funds, at least 65 percent of their investments must be 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.
Mid cap mutual funds invest mainly in mid-cap stocks. Many of these firms are in the growth stage, and some are on the edge of becoming large caps, so the category can provide growth and stability. They are considered a good investment option for investors with medium to long-term investment horizons. Mid cap is 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 go through the top 5 mid cap mutual funds in terms of the highest annualised SIP returns (XIRR) in 1 year.
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(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
Motilal Oswal Midcap Fund - Direct Plan
In 1 year, Motilal Oswal mid cap fund has given 44.12 per cent annualised SIP returns. Its assets under management (AUM) are Rs 22,898 crore, while its net asset value (NAV) is Rs 124.37. Benchmarked against NIFTY Midcap 150 TRI, the fund has given annualised returns of 26.06 per cent since its launch in February 2014.
Motilal Oswal Midcap Fund - Direct Plan
With an expense ratio of 0.54 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 30,000 and a total investment of Rs 3,60,000 in 1 year, the fund has given a total of Rs 4,41,000. The fund has 66.76 per cent mid cap stocks in its equity holdings.
Invesco India Mid Cap Fund - Direct Plan
In the 1 year, Invesco’s mid cap fund has given 33.91 per cent annualised SIP returns. It has an AUM of Rs 6,155 crore, while its NAV is Rs 202.66. Benchmarked against the BSE 150 MidCap TRI index, the fund has given annualised returns of 22.46 per cent since its launch in January 2013.
Invesco India Mid Cap Fund - Direct Plan
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 4,23,000. The fund has 64.42 per cent mid cap stocks in its equity holdings.
Edelweiss Mid Cap Fund - Direct Plan
Edelweiss mid cap fund has given a 27.65 per cent annualised SIP return in 1 year. It has a fund size of Rs 8,280 crore and a unit price of Rs 114.69. Its benchmark is the NIFTY Midcap 150 TRI. Since its launch in January 2013, it has achieved annualised return of 23.29 per cent.
Edelweiss Mid Cap Fund - Direct Plan
With a low expense ratio of 0.39 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 30,000 monthly SIP investment has grown to Rs 3,12,000. The fund has 71.3 per cent mid cap stocks in its equity holdings.
WhiteOak Capital Mid Cap Fund - Direct Plan
The fund has given 27.20 per cent annualised SIP return in the 1-year period.
It has AUM of Rs 2,676 crore, while its unit price is Rs 19.57.
Benchmarked against BSE 150 MidCap TRI, the fund has given 32.81 per cent annualised return since its starting in August 2022.
WhiteOak Capital Mid Cap Fund - Direct Plan
With an expense ratio of 0.41 per cent, the fund has Rs 500 as the minimum SIP investment.
A Rs 30,000 monthly SIP investment in the fund has grown to Rs 4,11,000 in the 1-year time frame.
Kotak Emerging Equity Fund - Direct Plan
The fund has given 24.96 per cent annualised SIP return in the 1 year.
It has AUM of Rs 52,049 crore, while its unit price is Rs 152.54.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 21.93 per cent annualised return since its starting in January 2013.
Kotak Emerging Equity Fund - Direct Plan
With an expense ratio of 0.36 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1000 as the maximum SIP investment.
A Rs 30,000 monthly SIP investment in the fund has grown to Rs 4,07,000 in the 1-year time frame.