Top 7 mid-cap SIP Mutual Funds With up to 43.50% Annual Returns: Top fund has turned Rs 10,000 monthly SIP into Rs 17.14 lakh in 5 years
Top 7 Mid-cap SIP Mutual Funds in India: Mid-cap mutual funds invest most of their money in mid-cap firms. According to Association of Mutual Funds in India (AMFI), mid-cap companies are ranked from 101st to 250th in terms of market capitalisation. The AMFI classification rule of mutual funds also says that mid-cap mutual funds need to invest at least 65 per cent of their investments in mid-cap stocks. Mid-cap mutual funds may provide better returns than large-cap mutual funds even though the former are more market volatile. Mid-cap mutual funds, however, are considered more stable than small-cap mutual funds. In this write-up, we will take you through the performance of top 7 mid-cap mutual funds in terms of annual SIP returns (XIRR) and what Rs 10,000 SIP in the top fund has given in the 5-year period (As per Value Research data).
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Quant Mid Cap Fund - Direct Plan
The fund at No. 1 position has given 43.50 annualised SIP returns in the five-year period. The fund has asset under management (AUM) of Rs 7,953 crore, while its net asset value (NAV) is Rs 269.8448. A Rs 10,000 monthly SIP in the fund in the 5 years, or a total of Rs 6 lakh investment in the fund, has given a total of Rs 17,13,818.
Motilal Oswal Midcap Fund - Direct Plan
The fund in the No. 2 position has given SIP returns of 40.79% in the 5-year period. It has an AUM of Rs 10,378 crore, while its NAV is Rs 106.5280. A Rs 10,000 monthly SIP in the fund has given a total of Rs 16,11,099.
Edelweiss Mid Cap Fund - Direct Plan
The mid-cap fund has given annualised SIP return of 36.60% in the 5 years. The fund has an AUM of Rs 5,864 crore, while its NAV is priced at Rs 105.8900. A Rs 10,000 SIP in the fund has given a total of Rs 14,64,889 in the 5 years.
Mahindra Manulife Mid Cap Fund - Direct Plan
The mid-cap fund from Mahindra has given SIP returns of 36.6% in the 5 years. The fund has an AUM of Rs 2,580 crore, while its NAV is worth Rs 35.9686. A Rs 10,000 monthly SIP in the fund has turned into Rs 14,63,157 in the 5-year time frame.
Nippon India Growth Fund - Direct Plan
The fund from Nippon India has given 36.28% annual SIP returns in the 5-year period. It has an NAV of Rs 4,190.8458, while its AUM is Rs 27,931 crore. A Rs 10,000 monthly SIP in the fund has given Rs 14,52,100 in total.
HDFC Mid-Cap Opportunities Fund - Direct Plan
The mid-cap fund has annualised SIP returns of 35.97%. It has an AUM of Rs 65,394 crore, while its NAV is Rs 196.0300. A Rs 10,000 monthly SIP has given a total of Rs 14,41,711 in the 5 years.
Motilal Oswal Nifty Midcap 100 ETF
The fund has SIP returns of 34.95% in the 5 years. It has an AUM of Rs 414 crore, while its NAV size is Rs 59.3250. A Rs 10,000 monthly SIP in this fund has given a total of Rs 14,08,109.