Top 7 Mid Cap Mutual Funds With Best SIP Returns in 1 Year: No. 1 fund has converted Rs 25,000 monthly SIP investment into Rs 3,78,587; know about others too
Top 7 Mid Cap Mutual Funds With Best SIP Returns in 1 Year: Mid cap mutual funds need to have at least 60 per cent of their investments in mid cap stocks. The mid cap mutual fund category has given 41.89 per cent annualised return in 1 year, 20.38 per cent in 3 years, 26.09 per cent in 5 years, and 17.28 per cent in 10 years.
Top 7 Mid Cap Mutual Funds With Highest SIP Returns in 1 Year: Mid cap mutual funds invest their money in companies that are from 101st to 250th spot in the list of the highest market capitalisation firms. It gives them exposure to many companies that have graduated from small cap to mid cap, and many that have slipped from large cap to mid or are about to jump from mid cap to large cap. Investment in such a mix of companies provides them with growth prospects as well as stability. They are not as stable as large cap mutual funds, but in the long run, mid caps can provide higher growth than their large cap counterparts. As per Securities Exchange Board of India (Sebi), mid cap mutual funds need to have at least 60 per cent of their investments in mid cap stocks. Data from Value Research shows that the mid cap mutual fund category has given 41.89 per cent annualised return in 1 year, 20.38 per cent in 3 years, 26.09 per cent in 5 years, and 17.28 per cent in 10 years. In this write-up, we will take you through the top 7 mid cap mutual funds in terms of the highest annualised SIP returns in 1 year. Also know how zrs 25,000 monthly SIP investment in each fund has grown to in the same time frame.
Photos: Unsplash/Pixabay
Motilal Oswal Midcap Fund Direct-Growth
The mid cap fund has given 51.74 per cent annualised SIP returns in the 1-year time frame.
It has assets under management (AUM) of Rs 18,604 crore, while its net asset value (NAV) is Rs 117.07.
Benchmarked against NIFTY Midcap 150 TRI, the fund given 25.83 per cent annualised returns since its inception in February 2014.