With Close To 50% SIP Returns, This Top-Rated Mid-Cap Fund Is Good For SIP

When compared to large caps, midcaps are far more volatile and have larger price fluctuations. This is why investors should be aware of this while investing in a midcap stock. Given the wide range of performance among funds and time periods, picking a mid-cap fund can be difficult. Here, we have given insights into one mid-cap fund that has delivered a promising return since its inception. The fund has poured 88.51% absolute returns on 3 years of investment. Check out the fund details to know more!

Mahindra Manulife Mid Cap Unnati Yojana - Direct Plan-Growth

This is a 4-years old Mid-Cap fund from Mahindra Manulife Mutual Fund that was launched on January 30, 2018. It is an open-ended small-sized fund of its category. The Asset Under Management of this fund is worth Rs 913.19 Crore. Whereas, the NAV declared on 06th May 2022 is Rs 17.7304. The expense ratio of this fund is low compared to the category average and stood at 0.68%.

It is a highly risky fund for investment. The fund has been rated 5-star by the mutual fund rating agency CRISIL. According to the CRISIL, it has given above-average performance among peers fund. The minimum investment amount for lump-sum payment is Rs 1,000, and Rs 500 for SIP. The Lock-in period in this fund is not applicable. However, it charges 1% on redemption within 365 days or 1 Year. This mutual fund scheme is a good bet for a 3-4 year investment.

 

Absolute And Annualised Returns

Lump-Sum Investment Returns

Since its launch, it has delivered 14.37% average annual returns.

Tenure	Absolute Returns	Annualised Returns
1 Year	17.49%	17.49%
2 Year	106.81%	43.81%
3 Year	88.51%	23.51%
Since Inception	77.30%	14.37%

SIP Returns

Tenure	Absolute Returns	Annualised Returns
1 Year	0.08%	0.16%
2 Year	30.75%	28.21%
3 Year	49.04%	27.73%

Portfolio

The fund has 96.45% investment in equities of which 14.79% is in large-cap stocks, 48.63% is in mid-cap stocks, and 26.88% in small-cap stocks. The fund has the majority of its money invested in the Capital Goods, Financial, Metals & Mining, Automobile, and Services sectors. The fund's top holdings are in Zee Entertainment Enterprises Ltd., State Bank of India, Atul Ltd., Crisil Ltd., and Grindwell Norton Ltd.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.