2 Mid Cap Mutual Funds Giving SIP Returns Of Nearly 35% In 3 Years

PGIM India Midcap Opportunities Fund and SBI Magnum Mid Cap are among the top performing mid cap funds in the category. Investing Rs 10,000 per month via systematic investment plan (SIP) for 3 years would fetch you returns of 35.13% and 35.15% respectively for growth direct plans. For a total investment of Rs 3.6 lakhs each in SBI Magnum Mid Cap Fund and PGIM India Midcap Opportunities Funds, the corpus grows to Rs 4.85 lakhs and Rs 4.86 lakhs.

SBI Magnum Mid Cap Fund

Minimum SIP investment of Rs 500 is possible in SBI Magnum Mid Cap Fund under regular and direct plans. This mid cap fund under direct plan has given absolute return of 177.83% in 3-years, 86.80% in 5-years and 530.95% in 10-years. While the annualised return for same time periods is 40.49%, 13.30% and 20.21% respectively. The scheme has invested in companies like Crisil Limited, Shaeffler India Limited, Tube Investments Limited, Page Industries Limited, Thermax Limited and Procter & Gamble Hygiene and Health Care Limited. The scheme is high risk investment proposition based on its risk ratios. Although it has low Beta of 0.98, it has a Sharpe ratio of 1 and Sortino ratio of 1.07. Beta indicates the movement of a stock in relation to the overall market movement. If it is less than 1, it points that the fund is less volatile than the market. Sharpe ratio tells you about, how the scheme performs and how much is it willing to take the risk for high returns. Sortino Ratio focuses only on the downside risk of the portfolio.

PGIM India Midcap Opportunities Fund

A minimum SIP investment of Rs 1,000 per month can be done in PGIM India Midcap Opportunities Fund under growth and direct plans. This equity mutual fund holds 39.44% mid cap stocks out of the total domestic equity investment of 90.29%. It has stocks like Ashok Leyland Ltd, Federal Bank Ltd, Cummins India Ltd, Kajaria Ceramics, ICICI Bank Ltd and Timken India Ltd. The scheme is high risk investment proposition based on its risk ratios. Although it has low Beta of 0.94, it has a Sharpe ratio of 1.33 and Sortino ratio of 1.47. The mid cap mutual fund has generated absolute returns of 202.88% in 3-years and 134.40% 5-years and for same periods the annualised returns are 44.59% and 18.55%.

Disclaimer

Mutual fund investments are subject to market risk. The above-mentioned information is purely informational and doesn't guarantee any return. Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.