Top 5 Midcap Mutual Funds: Midcap is the most popular category after small caps in mutual funds in India. AMFI data for the November month shows net inflows of Rs 2,665.70 crore in the mid-cap mutual fund category, while the net investment in them since January to November stood at Rs 21,520 crore. The midcap category has given returns of 35.82 per cent in the last year and 27.74 per cent in the last three years.
With the BSE Sensex rising 16.25 per cent and the Nifty 50 rising 17.32 per cent year-to-date, the prospects for midcaps appear bright.
With the year nearing a close, we give you the list of the top 5 mid-cap mutual funds that have given over 40 per cent returns in the last one year (As per the Association of Mutual Funds of India data till December 21, 2023).
JM Midcap Fund
This fund from JM Financial Mutual Fund tops the list of the best-performing mid-cap mutual funds in the last one year.
The fund with assets under management (AUM) of Rs 663.68 crore has grown 45.65 per cent in the last year against the 39.97 per cent return of its benchmark, the Nifty Midcap 150 Total Return Index.
The net asset value (NAV) size for the fund is Rs 14.52.
The fund comes with an expense ratio of 0.36 per cent, which is way below than its category average of 0.76 per cent.
The fund has 98.37 per cent of its investment in equities, of which 32.87 per cent is in midcaps, 2.46 per cent in large caps, and 35.68 per cent in small caps.
The top stocks in its portfolio are Rural Electricity Corporation Limited, Bank of Maharashtra, Federal Bank Ltd, and Dr Lal Pathlabs Ltd.
Had you invested a lump sum of Rs 10,000 a year ago, the fund would have given you Rs 14565.10 at present.
Nippon India Growth Fund
The fund from Nippon India Mutual Fund is second in the list of the top-performing mid-cap mutual funds in the last one year.
The fund has given a return of 44.04 per cent against its benchmark return of 39.97 per cent.
The AUM for the fund is Rs 22,686.51 crore, and the NAV size is Rs 3,370.99.
The expense ratio for the direct plan is 0.85 per cent against the category average of 0.76 per cent.
The fund has 96.99 per cent of its investment in equities: 11.2 per cent in large caps, 49.2 per cent in mid caps, and 14.26 per cent in small caps.
It has 93 stocks in its portfolio, of which the most prominent are Power Finance Corporation Ltd, Cholamandalam Financial Holdings Ltd, Varun Beverages Ltd, Supreme Industries Ltd.
A Rs 10,000 lump sum investment one year ago would have given a return of Rs 14403.60 in present times.
Mahindra Manulife Midcap Fund
At No. 3, Mahindra Manulife MIdcap Fund has also outperformed its benchmark with a return of 43.52 per cent in the last one year.
While the fund's AUM is Rs 1824.80 crore, its NAV size is Rs 27.59.
The expense ratio of 0.54 per cent in ts direct plan is less than the category average of 0.54 per cent.
The fund has 94.76 per cent of its investment in equities.
While it has invested 14.59 per cent in large caps, its mid-cap and small-cap allocations are at 45.91 per cent and 17.24 per cent, respectively.
It holds a total of 68 stocks in its portfolio, with the most prominent being Rural Electrification Corporation Ltd, Coal India Ltd, Federal Bank Ltd, and Indus Towers Ltd.
The lump sum investment of Rs 10,000 in the fund a year ago would have grown to Rs 14351.90 in today's date.
HDFC Mid-Cap Opportunities Fund
The fund has given 42.07 per cent returns in the last year, against the category average of 39.97 per cent.
The 54482.82-crore AUM fund has a NAV of Rs 157.20.
The fund's direct plan's expense ratio of 0.83 per cent is higher than its category average of 0.76 per cent.
The fund has invested 93.96 per cent of its money in equities with 54.07 per cent portion in mid caps, 5.16 per cent in large caps and 18.58 per cent in small caps.
The fund's basket of 68 stocks is slightly above the category average of 66.10.
The main stocks in its portfolio are Indian Hotels Company Limited, Max Financial Services Ltd, Federal Bank Ltd, and Apollo Tyres Limited.
A lump sum investment of Rs 10,000 in the fund a year ago would have given Rs 14287.80 as on today.
WhiteOak Capital Mid Cap Fund
This comes fifth in the last and is one of the five midcaps in the category that have given over 40 per cent returns in the last one year.
Its 40.99 per cent return in the one year is better than the 37.77 per cent return of its benchmark- the S&P BSE 150 MidCap Total Return Index.
Its AUM is Rs 1374.28 crore and its NAV is Rs 14.32.
The fund has 82.33 per cent of its investments in equities, of which 4.02 per cent is in large caps, 28.97 per cent is in mid caps, and 22.3 per cent is in small caps.
It has a large set of 104 stocks in its portfolio, which largely surpasses its category average of 66.10.
CG Power and Industrial Solutions Ltd, Indian Hotels Company Limited, Max Healthcare Institute Ltd, and Coforge Ltd, are the main stocks in its portfolio.
A lump sum investment of Rs 10,000 a year back would have become Rs 14098.70 now.
