Top 7 Mid Cap Mutual Funds With Highest SIP Returns in 3 Years: No. 1 fund has turned Rs 21,000 monthly SIP into Rs 14.88 lakh; here's how others have done
Top 7 mid cap mutual funds with highest SIP returns in 3 years: Mid cap mutual funds need to have 65 per cent of their investments in mid cap stocks, as per Securities Exchange Board of India's (Sebi) classification of mutual funds. The mid cap mutual fund category has given 49.32 per cent annualised return in 1 year, 24.24 per cent in 3 years, 28.63 per cent in 5 years, and 18.51 per cent in 10 years.
Top 7 mid cap mutual funds with highest SIP returns in 3 years: Mid cap mutual funds are those with at least 65 per cent of their investments in mid cap stocks, as per classification from Securities Exchange Board of India (Sebi). Mid cap companies are ranked 101 to 250 in terms of the highest market capitalisation. Many mid cap firms are those that have recently graduated from the small cap category. On the other hand, many are those that are on the verge of becoming large cap firms. So, mid cap mutual funds can provide stability and growth. They are not as stable as large caps, but mid cap mutual funds are considered good from growth's perspective in the long run. The mid cap mutual fund category has given 49.32 per cent annualised return in 1 year, 24.24 per cent in 3 years, 28.63 per cent in 5 years, and 18.51 per cent in 10 years, as per Value Research data. In this write-up, know about the top 7 mid cap mutual funds with the highest annualised SIP returns (XIRR) in 3 years. Also know how Rs 21,000 monthly SIP in each of them has performed in 3 years.
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Motilal Oswal Midcap Fund - Direct Plan
The fund has given 49.3 per cent annualised SIP returns in the 3-year period.
It has asset under management (AUM) of Rs 15,940 crore, while its NAV is Rs 122.2439.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 26.62 per cent annualised returns since its inception in February 2014.
Motilal Oswal Midcap Fund - Direct Plan
With an expense ratio of 0.60 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 21,000 monthly SIP in the fund in 3 years, or total investment of Rs 7,56,000, has jumped to Rs 14,87,351.
ITI Mid Cap Fund - Direct Plan
The fund has given 42.24 per cent annualised SIP returns in the 3-year period.
It has an asset base of Rs 1,134 crore, while its NAV is Rs 24.4450.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 28.40 per cent annualised returns since its debut in March 2021.
ITI Mid Cap Fund - Direct Plan
At an expense ratio of 0.43 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the fund has grown to Rs 13,62,083 in the 3-year period.
Mahindra Manulife Mid Cap Fund - Direct Plan
The fund has given 41.95 per cent annualised SIP returns in the 3-year time frame.
It has an asset base of Rs 3,293 crore, while its NAV is Rs 39.5094.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 22.87 per cent annualised returns since its launch in January 2018.
Mahindra Manulife Mid Cap Fund - Direct Plan
With an expense ratio of 0.43 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the fund has swelled to Rs 13,57,093 in 3 years.
Edelweiss Mid Cap Fund - Direct Plan
The fund has given 41.53 per cent annualised SIP returns in 3 years.
It has AUM of Rs 7,401 crore, while its NAV is Rs 117.4970.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 24.16 per cent annualised returns since its beginning in January 2013.
Edelweiss Mid Cap Fund - Direct Plan
At an expense ratio of 0.38 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment each.
A Rs 21,000 monthly SIP in the fund has grown to Rs 13,49,874 in the 3-year period.
Invesco India Mid Cap Fund - Direct Plan
The fund has given 41.19 per cent annualised SIP returns in the 3-year period.
Its AUM is Rs 5,589 crore, while its unit price is Rs 205.2200.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 23.18 per cent annualised returns since its inception in January 2021.
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.
A Rs 21,000 monthly SIP in the fund has grown to Rs 13,44,132 in the 3-year time frame.
Nippon India Growth Fund - Direct Plan
The fund has given 41.08 per cent annualised SIP returns in the 3-year time frame.
It has an asset base of Rs 33,707 crore, while its NAV is Rs 4,623.4635.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 20.69 per cent annualised returns since its debut in January 2013.
Nippon India Growth Fund - Direct Plan
At an expense ratio of 0.79 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment each.
A Rs 21,000 monthly SIP in the fund has grown to Rs 13,42,186 in the 3-year period.
HSBC Midcap Fund - Direct Plan
The fund has given 40.05 per cent annualised SIP returns in 3 years.
Its AUM is Rs 12,021 crore, while its unit price is Rs 452.9711.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 22.21 per cent annualised returns since its debut in January 2013.
HSBC Midcap Fund - Direct Plan
With an expense ratio of 0.67 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the fund has grown to Rs 13,24,804 in 3 years