Top 7 Mid Cap Mutual Funds With Best SIP Returns in 3 Years: Rs 15,000 monthly SIP investment in No. 1 scheme has jumped to Rs 10,33,318; see others' performance
Top 7 Mid Cap Mutual Funds With Highest SIP Returns in 3 Years: Mid cap mutual funds need to have at least 65 per cent of their investments in mid cap stocks. Mid cap companies are ranked 101st to 250th in terms of market capilitalisation, stocks of which provide growth opportunities to mid cap mutual funds.
Top 7 Mid Cap Mutual Funds With Best SIP Returns in 3 Years: Mid cap mutual funds need to have 65 per cent of their investment in the companies ranked 101st to 250th in the list of the highest market capitalisation firms, as per Securities Exchange Board of India's (Sebi) mandate for mutual funds. These companies are mid cap, many of which are in the growth stage, and some of them are about to graduate to the large cap category. Such a high exposure to mid cap firms provides mid cap mutual funds growth opportunities and some stability. The mid cap mutual fund category has given 33.55 per cent annualised return in 1 year, 22.08 per cent in 3 years, 26.49 per cent in 5 years, and 16.94 per cent in 10 years. The funds are suitable for the investors with long-term investment horizon. Here, we take you through the top 7 mid mutual funds with highest SIP returns (XIRR) in the 3-year period. Also, know how Rs 15,000 monthly investment in each of them has turned into during that period.
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Motilal Oswal Midcap Fund - Direct Plan
The fund has given 47.04 per cent annualised SIP return in the 3-year time frame.
It has assets under management (AUM) of Rs 20,056 crore, while its net asset value (NAV) is Rs 124.5802.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 26.37 per cent annualised return since its inception in February 2014.
Motilal Oswal Midcap Fund - Direct Plan
With an expense ratio of 0.57 per cent, the fund has Rs 500 as the minimum SIP investment and lump sum investment each.
A Rs 15,000 monthly SIP investment in 3 years, or a total investment of Rs 5,40,000, has grown to Rs 10,33,318.
Edelweiss Mid Cap Fund - Direct Plan
The fund has given 37.73 per cent annualised SIP return in the 3-year period.
It has AUM of Rs 7,677 crore, while its NAV is Rs 115.9810.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 23.63 per cent annualised return since its launch in January 2013.
Edelweiss Mid Cap Fund - Direct Plan
At an expense ratio of 0.40 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment each.
A Rs 15,000 monthly SIP investment in the fund has jumped to Rs 9,18,555 in the 3-year time frame.
Invesco India Mid Cap Fund - Direct Plan
The fund has given 37.32 per cent annualised SIP return in 3 years.
It has an asset base of Rs 5,625 crore, while its unit price is Rs 201.9900.
Benchmarked against BSE 150 MidCap TRI, the fund has given 22.65 per cent annualised return since its debut in January 2013.
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 15,000 monthly SIP investment in the fund has swelled to Rs 9,13,701 in the 3-year period.
HSBC Midcap Fund - Direct Plan
The fund has given 36.31 per cent annualised SIP return in the 3-year time frame.
It has a fund size of Rs 11,768 crore, while its unit price is Rs 445.8843.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 21.69 per cent annualised return since its beginning in January 2013.
HSBC Midcap Fund - Direct Plan
At an expense ratio of 0.68 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 15,000 monthly SIP investment in the fund has converted into Rs 9,01,879 in 3 years.
Mahindra Manulife Mid Cap Fund - Direct Plan
The fund has given 35.87 per cent annualised SIP return in the 3-year period.
It has AUM of Rs 3,341 crore, while its unit price is Rs 37.8953.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 21.49 per cent annualised return since its starting in January 2018.
Mahindra Manulife Mid Cap Fund - Direct Plan
With an expense ratio of 0.48 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 15,000 monthly SIP investment in the fund has grown to Rs 8,96,683 in the 3-year time frame.
Nippon India Growth Fund - Direct Plan
The fund has given 35.22 per cent annualised SIP return in 3 years.
Its AUM is Rs 33,922 crore, while its NAV is Rs 4,447.1508.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 19.97 per cent annualised return since its inception 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 15,000 monthly SIP investment in the fund has converted into Rs 8,89,209 in the 3-year period.
ITI Mid Cap Fund - Direct Plan
The fund has given 35.31 per cent annualised SIP return in the 3-year time frame.
It has a fund size of Rs 1,110 crore, while its NAV is Rs 23.0899.
Benchmarked against NIFTY Midcap 150 TRI, the fund has given 25.02 per cent annualised return since its launch in March 2021.
ITI Mid Cap Fund - Direct Plan
With an expense ratio of 0.38 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 15,000 monthly SIP investment in the fund has swelled to Rs 8,90,253 in 3 years.