Top 6 mid-cap mutual funds that have beaten their Nifty benchmark in 5 years
Top 6 mid-cap mutual funds: Mid-cap mutual funds invest most of their money in mid-cap companies. Mid-cap firms are more market-stable than small-cap companies. Many of the mid-cap mutual funds have shown consistency over the years. Funds such as Quant Mid Cap Fund, and Motilal Oswal Mid Cap Fund have been consistent performers in the last 5 years. Here's a list of the top 6 mid-cap mutual funds that performed better than their benchmark, NIFTY Midcap 150 Total Return Index, in the last 5 years (As per Association of Mutual Funds in India data).
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Quant Mid Cap Fund
The fund at No. 1 has given 35.63% returns in the 5-year period. Its benchmark, NIFTY Midcap 150 Total Return Index, has given a return of 26.02% in the same period. The mid-cap fund's assets under management (AUM) are Rs 6,983.10 crore, while its net asset value (NAV) under its direct plan is Rs 248.6217.
Motilal Oswal Mid Cap Fund
This fund has grown at an annual rate of 29.07% in the 5-year period. The fund's AUM is Rs 9,829.17 crore, while the size of its NAV is Rs 92.4906.
Mahindra Manulife Mid Cap Fund
The fund from Mahindra has an annual growth rate of 28.66%. The mid-cap fund's AUM is Rs 2,424.95 crore, while its direct plan's NAV is worth Rs 32.5767.
PGIM India Midcap Opportunities Fund
This fund has also been a consistent performer with annual growth of 28.10%. The fund holds an AUM of Rs 10,015.47 crore, while the NAV for the fund is worth Rs 62.9300.
Edelweiss Mid Cap Fund
One of the top-performing mid-cap funds has witnessed an annual growth of 27.73%. The fund has assets worth Rs 5,456.06 crore, while its NAV is Rs 91.5210.
Nippon India Growth Fund
The mid-cap from Nippon India Mutual Fund has seen growth of 27.12% in the 5-year period. The fund's AUM as on May 8 was Rs 26,804.48, while its NAV rate was Rs 3,761.2316.