Top 7 mid cap mutual funds with up to 41% annualised SIP returns: No. 1 fund has converted Rs 15,000 monthly SIP into Rs 24.25 lakh in 5 years
The mid cap mutual fund category has given a 47.00 per cent annualised return in 1 year, 23.28 per cent in 3 years, 28.30 per cent in 5 years, and 18.48 per cent in 10 years, as per Value Research data.
Top 7 mid cap SIP mutual funds: As per Association of Mutual Funds in India (AMFI) classification, mid cap mutual funds need to have at least 65 per cent of their investments in mid cap stocks. This gives them potential to get higher returns than large cap mutual funds. At the same time, many mid cap firms are on the verge of becoming large-cap companies, so they can also provide stability. The mid cap mutual fund category has given a 47.00 per cent annualised return in 1 year, 23.28 per cent in 3 years, 28.30 per cent in 5 years, and 18.48 per cent in 10 years, as per Value Research data. Here, we take you through the top 7 mid cap mutual funds in 5 years in terms of annualised SIP returns (XIRR) and what Rs 15,000 SIP in each fund has given.
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Quant Mid Cap Fund - Direct Plan
The fund has given 40.92 per cent annualised SIP returns in 5 years. It has assets under management (AUM) of Rs 8,747 crore, while its net asset value (NAV) is Rs 265.4979.
Quant Mid Cap Fund - Direct Plan
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 20.50 per cent CAGR return since its launch in January 2013. In its 26-stock portfolio, the fund's main investments are RIL, HDFC Bank, and Aurobindo Pharma.
A Rs 15,000 monthly SIP in the fund, or Rs 9 lakh investment in the fund, has given Rs 24,24,153 in the 5 years.
Motilal Oswal Midcap Fund - Direct Plan
The fund has given a 40.4 per cent annualised return in 5 years. It has AUM of Rs 12,628 crore, while its NAV is 109.6588. Benchmarked against NIFTY Midcap 150 TRI, the fund has given 25.75 per cent anualiased SIP returns since its inception in February 2014.
Motilal Oswal Midcap Fund - Direct Plan
In its 24-stock portfolio, the fund has Jio Financial, Vodafone Idea, Persistent Systems, and Kalyan Jewellers as its main investments.
A Rs 15,000 monthly SIP in the fund has given Rs 23,95,578 in 5 years.
Mahindra Manulife Mid Cap Fund - Direct Plan
The fund has given 35.82 per cent annualised SIP returns in 5 years. It has AUM of Rs 2,873 crore, while its NAV is Rs 36.6923. Benchmarked against NIFTY Midcap 150 TRI, the fund has had a 22.07 per cent CAGR since its launch in January 2018.
Mahindra Manulife Mid Cap Fund - Direct Plan
In a portfolio of 67 stocks, the fund has Persistent Systems, Max Healthcare, Indus Towers, and HDFC Bank as its main holdings.
A Rs 15,000 monthly SIP in the fund has turned into Rs 21,55,163 in 5 years.
Nippon India Growth Fund - Direct Plan
The fund has 35.19 per cent annualised SIP returns in 5 years. Its AUM is Rs 30,839 crore, while its NAV is Rs 4,234.4266. Benchmarked against NIFTY Midcap 150 TRI, the fund has had a CAGR of 20.08 per cent since its launch in January 2013.
Nippon India Growth Fund - Direct Plan
In a portfolio of 95 stocks, the fund has PFC, Cholamandalam Financial Holdings, and Supreme Industries as its main holdings.
A Rs 15,000 monthly SIP in the fund has grown to Rs 21,23,753 in 5 years.
HDFC Mid-Cap Opportunities Fund - Direct Plan
The fund has given per cent 35.12 annualised SIP returns in 5 years. The fund has an asset base of Rs 70,570 crore, while its NAV price is Rs 199.0620. Benchmarked against NIFTY Midcap 150 TRI, the fund has given a CAGR of 22.56 per cent since its launch in January 2013.
HDFC Mid-Cap Opportunities Fund - Direct Plan
In a portfolio of 72 stocks, it has The Indian Hotels, Apollo Tyres, max Financial, and The Federal Bank as its main holdings.
A Rs 15,000 monthly SIP in the fund has given Rs 21,20,492 in the 5-year period.
Edelweiss Mid Cap Fund - Direct Plan
The fund has given 34.8 per cent annualised SIP returns in 5 years. It has an asset base of Rs 6,625 crore, while its NAV rate is Rs 105.3370. Benchmarked against NIFTY Midcap 150 TRI, the fund has given 23.35 per cent annualised returns since its launch in January 2013.
Edelweiss Mid Cap Fund - Direct Plan
In a portfolio of 72 stocks, the fund has Dixon Tech, Persistent Systems, Trent, Cummins India, and JSW Energy as its main stocks.
A Rs 15,000 monthly SIP in the fund has grown to Rs 21,04,591 in the 5-year time frame.
Kotak Emerging Equity Fund - Direct Plan
The fund has given 32.2 per cent annualised SIP returns in 5 years. Its AUM is Rs 49,023 crore, while the NAV price is Rs 143.9260. Benchmarked against NIFTY Midcap 150 TRI, the fund has had a CAGR of 22.22 per cent since its launch in January 2013.
Kotak Emerging Equity Fund - Direct Plan
In its portfolio of 65 stocks, the fund has Supreme Industries, Schaeffler India, Persistent Systems, BEL, and MPHASIS as the main holdings.
A Rs 15,000 monthly SIP in the fund has given Rs 19,80,526 in the 5-year period.