2 Mid-Cap Fund SIPs Among The 3 Best Performing Mid Cap Funds More Than Doubled Investors' Money In 5 Yrs.

Mid-cap funds can be a right bet for investors who have high risk tolerance as well as have a longer investment horizon of at least 7 years or more to get inflation-beating returns. These fund can be chosen based on consistency in performance, fund manager profile and risk reward ratios such as standard deviation, Sharpe ratio etc.

Typically while zeroing in on the mid cap funds you need to look for the potential companies where the fund is invested into and which have the scope to turn into large caps and be rewarding to you. In fact some of these mid cap companies' are sector leaders and talking of big earnings growth ahead and announcing capex which can be highly lucrative if you happen to make the calls right.

So, as consistency in performance is also one look out here are the best performing mid cap funds based on 5-year returns.

1. PGIM India Midcap Opportunities Fund:

It is a mid cap fund rated 5-Star by both Value Research and CRISIL. The fund in existence since 2013 has an AUM of Rs 3585 crore as on November 30, 2021 and has generated return to the tune of 21 percent since inception. As the fund category suggests the fund is more oriented toward mid-cap stocks as much as 49%. The fund's top stock holdings include Timken, Mphasis, Coforge, ABB, Max Financial, Sanofi etc. among others.

SIP in the fund can be kick-started for Rs. 1000 and in 5 years time monthly SIP of Rs. 10000 amounting to an investment of Rs. 6 lakh has more than doubled to Rs. 12.84 lakh.

The fund's performance is benchmarked to Nifty Midcap 150 TRI, while its 1-year return has been outstanding at 70 percent as against Nifty's return of 49 percent during the same time period.

2. Axis Mid cap fund:

This fund with a corpus size of Rs. 16,101 crore has over 50 percent allocation to mid-caps. The fund has a very high risk but a low expense ratio of just 0.46%. Since its inception the fund has generated returns to the tune of 21 percent.

The fund has deployed its assets in stocks like Coforge, Astral, Avenue Supermarts, Mindtree, Bajaj Finance, Apollo Hospitals, Cholamandalam Finance, ICICI Bank etc.

Value Research has accorded the fund a 5-star rating, while it is 3-star rated by rating agency CRISIL.

The SIP in the fund can be initiated for Rs. 500 per month. 5-year SIP with a monthly outflow of Rs, 10,000 has now turned into Rs. 11.01 lakh.

3. Quant Mid-cap fund Direct plan-Growth:

This fund is 3 Star rated by Value Research while CRISIL has accorded the fund a 5-Star rating. Since its existence in 2013 it has generated a return of over 16 percent. The fund's over 35 percent exposure is into mid-cap funds. The top stocks in the fund's portfolio are Escorts, Linde, Union Bank, ITC, Adani Ports, Sun TV, Fortis, Container Corporation among others.

The fund's performance is benchmarked to Nifty Midcap 150 TRI. Expense ratio of the fund is also at 0.57%.

In 5 years time, monthly SIP of Rs. 10000 with an investment of Rs. 6 lakh in total is now worth Rs. 12.07 lakh. SIP in the fund can be started for Rs. 1000

Top performing mid-cap funds based on 5-year returns

 

Mid cap fund	5-year annualised return	5-year SIP annualised return	Rs 10,000 monthly SIP started 5 years ago now worth
PGIM India Midcap Opportunities Fund	24.68%	32.18%	Rs. 12.84 lakh
Axis Mid cap fund	24.30%	25.52%	Rs. 11.01 lakh
Quant Mid cap fund -D-(G)	22.55%	28.80%	Rs. 12.07 lakh

Disclaimer:

Mutual Fund investing is subject to market risks. One should exercise caution and invest only if he or she is able to bear losses. The above article is for information purposes only. Neither the author nor Greynium Information Technologies would be responsible for losses incurred on decisions based on this article. Please be careful and consult an advisor before investing.