A mid cap fund is a pooled investment focusing on companies with a market capitalization in the mid-range of listed stocks. The underlying companies of this stock (mid-sized companies) offer relatively higher returns than large-cap companies, with a lower risk factor than small-cap funds. Provided below is the list of the best mid cap mutual funds in the market currently.
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| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
Motilal Oswal Midcap Fund | Equity | Very High | 59.1% | 5 | ₹18,604 |
Quant Mid Cap Fund | Equity | Very High | 29.1% | 5 | ₹9,500 |
HDFC Mid-Cap Opportunities Fund | Equity | Very High | 35.4% | 4 | ₹77,682 |
Edelweiss Mid Cap Fund | Equity | Very High | 46.4% | 4 | ₹7,755 |
Baroda Midcap Direct Fund | Equity | Very High | 27.5% | 4 | ₹92 |
Mahindra Manulife Mid Cap Fund | Equity | Very High | 39.7% | 4 | ₹3,442 |
Nippon India Growth Fund | Equity | Very High | 38.0% | 4 | ₹35,208 |
Kotak Emerging Equity Fund | Equity | Very High | 39.8% | 4 | ₹52,626 |
Invesco India Mid Cap Fund | Equity | Very High | 46.2% | 3 | ₹5,903 |
Sundaram Mid Cap Fund | Equity | Very High | 39.5% | 3 | ₹13,129 |
HSBC Midcap Fund | Equity | Very High | 42.3% | 3 | ₹12,280 |
ITI Mid Cap Fund | Equity | Very High | 42.7% | 3 | ₹1,162 |
Aditya Birla Sun Life Nifty Midcap 150 Index Fund | Equity | Very High | 32.1% | 3 | ₹293 |
Motilal Oswal Nifty Midcap 150 Index Fund | Equity | Moderately High | 31.8% | 3 | ₹1,949 |
Tata Midcap Growth Fund | Equity | Very High | 32.4% | 3 | ₹4,636 |
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Mid cap mutual funds are suitable for investors who:
It is suitable for investors who are open to a moderate risk in their investment. Mid cap funds, unlike large-cap funds, do not have a low-risk ratio. Neither do they have a high risk like small cap funds; therefore, it is somewhere in the middle. It can best suit investors who have a moderate risk appetite.
These funds are known to perform well over a long period of time; therefore, investors who are open to investments in the long term can invest in mid cap funds.
Investments in the mid cap funds can be started with a small amount. These investments can start as small as Rs. 500.
Estimate your returns on mutual funds investment with SIP calculator. It is an easy-to-use tool that allows investors to assess probable returns on SIP.
While finding the best mid cap mutual funds to invest in 2024, consider these factors-
Expertise of the Fund Manager: When selecting a mid cap fund, one of the most important elements to consider is the fund manager's competence. The fund manager's market understanding, investing strategy, and management style can all have a substantial impact on the fund's performance. Before investing, it is critical to investigate the fund manager's track record and experience.
Historical Performance: When selecting a mid cap fund, it is critical to analyze the fund's previous performance. It is critical to assess the fund's performance across numerous market cycles in order to determine whether it has consistently provided excellent returns. It is important to note, however, that past performance does not guarantee future outcomes.
Expense Ratio: When finding the best mid cap mutual funds 2024, the expense ratio is an important factor to consider. The expenditure ratio accounts for the fees associated with fund management, such as the fund manager's salary and research costs. To verify that you are investing in a fund with affordable fees, check the cost ratios of various mid cap funds.
Risk Profile of the Fund: Another important thing to consider when selecting best performing mid cap mutual funds is the fund's risk profile. It is critical to assess the fund's risk profile and determine whether it matches your risk tolerance. Regardless of their investing approach or sector specialization, certain mid cap funds may be riskier than others.
Following is a list of notable advantages of the best mid-cap mutual funds:
Investment mode: Individuals can invest in mid-cap mutual funds either via lump sum or Systematic Investment Plan (SIP). The former allows investors to allocate all savings in one go. The minimum investment has to be Rs.1,000. On the other hand, SIP allows individuals to invest at fixed intervals (monthly, quarterly, etc.). Here, the instalment amount starts from Rs.500 in most cases.
The major risks involved in investments in top mid cap mutual funds are as follows:
Liquidity Risks: Liquidity risk is a primary risk linked with mid cap funds. Mid cap equities may not be as widely traded as large-cap stocks, making it more difficult for investors to easily buy and sell shares. In view of the absence of liquidity, bid-ask spreads might widen, increasing transaction costs for investors. Investors can find it to be difficult to sell their shares of mid cap funds at fair market value amid extreme market situations, potentially resulting in losses.
Market Risks: Market volatility is one of the key risks associated with investing in mid cap funds. Mid cap firms may be more sensitive to market swings than large-cap firms, resulting in higher levels of volatility. Mid cap funds may suffer bigger losses than large-cap funds during market downturns or periods of economic uncertainty.
Fees and Charges: Due to the additional research necessary to uncover undervalued mid cap companies, mid cap funds often charge greater fees than large-cap funds. While greater costs may be justified if the fund produces higher returns, investors should carefully consider the expenses associated with a mid cap fund before participating.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
Mid cap funds are a good match for investors who are willing to accept the accompanying risk. Mid cap businesses can provide considerable long-term gains. These firms are also quite volatile. Furthermore, mid cap enterprises have high growth potential. To attain long-term financial goals, one can invest in top performing mid cap mutual funds.
Mid cap stocks or mid cap firms are those with mid-sized market capitalizations. Mid cap firms have the potential to expand into large-cap firms. These firms have capital ranging from Rs 5000 crores to Rs 20,000 crores.
Mid cap mutual funds are vulnerable to short-term market changes and volatility. Because these are market-linked securities, they are volatile. Mid cap funds are a little sensitive to market conditions and they may have the ability to produce gains while also presenting negative risk. Investors who are concerned about short-term market changes should consider diversifying their investments.
The best thing about mutual funds is that you don't need a lot of money to invest in them. All mutual funds offer SIP (Systematic Investment Plan) periodic investments in which you can deposit as little as 500.
Since the companies have high development potential, they are helpful for portfolio diversity. As a result, investors seeking to build wealth over time might consider investing in mid cap funds. However, there is a large level of risk connected with these funds.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The Motilal Oswal Midcap Fund has given 31.77% annualized returns in the past three years and 32.42% in the last 5 years. The Motilal Oswal Midcap Fund comes under the Equity category of Motilal Oswal Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Motilal Oswal Midcap Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹18,604Cr |
| 1Y Returns | 59.1% |
Fund Performance: The Quant Mid Cap Fund has given 23.37% annualized returns in the past three years and 33.4% in the last 5 years. The Quant Mid Cap Fund comes under the Equity category of Quant Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Quant Mid Cap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹9,500Cr |
| 1Y Returns | 29.1% |
Fund Performance: The HDFC Mid-Cap Opportunities Fund has given 24.83% annualized returns in the past three years and 29.17% in the last 5 years. The HDFC Mid-Cap Opportunities Fund comes under the Equity category of HDFC Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in HDFC Mid-Cap Opportunities Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹77,682Cr |
| 1Y Returns | 35.4% |
Fund Performance: The Edelweiss Mid Cap Fund has given 23.59% annualized returns in the past three years and 30.9% in the last 5 years. The Edelweiss Mid Cap Fund comes under the Equity category of Edelweiss Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Edelweiss Mid Cap Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹7,755Cr |
| 1Y Returns | 46.4% |
Fund Performance: The Baroda Midcap Direct Fund has given 23.56% annualized returns in the past three years and 16.94% in the last 5 years. The Baroda Midcap Direct Fund comes under the Equity category of Baroda Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Baroda Midcap Direct Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹92Cr |
| 1Y Returns | 27.5% |
Fund Performance: The Mahindra Manulife Mid Cap Fund has given 23.15% annualized returns in the past three years and 29.23% in the last 5 years. The Mahindra Manulife Mid Cap Fund comes under the Equity category of Mahindra Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Mahindra Manulife Mid Cap Fund via lump sum is ₹1,000 and via SIP is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹3,442Cr |
| 1Y Returns | 39.7% |
Fund Performance: The Nippon India Growth Fund has given 22.86% annualized returns in the past three years and 29.63% in the last 5 years. The Nippon India Growth Fund comes under the Equity category of Nippon India Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Growth Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹35,208Cr |
| 1Y Returns | 38.0% |
Fund Performance: The Kotak Emerging Equity Fund has given 21.63% annualized returns in the past three years and 28.35% in the last 5 years. The Kotak Emerging Equity Fund comes under the Equity category of Kotak Mahindra Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Kotak Emerging Equity Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹52,626Cr |
| 1Y Returns | 39.8% |
Fund Performance: The Invesco India Mid Cap Fund has given 22% annualized returns in the past three years and 28.46% in the last 5 years. The Invesco India Mid Cap Fund comes under the Equity category of Invesco Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Invesco India Mid Cap Fund via lump sum is ₹1,000 and via SIP is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹5,903Cr |
| 1Y Returns | 46.2% |
Fund Performance: The Sundaram Mid Cap Fund has given 21.9% annualized returns in the past three years and 24.95% in the last 5 years. The Sundaram Mid Cap Fund comes under the Equity category of Sundaram Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Sundaram Mid Cap Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹13,129Cr |
| 1Y Returns | 39.5% |
Fund Performance: The HSBC Midcap Fund has given 21.3% annualized returns in the past three years and 24.91% in the last 5 years. The HSBC Midcap Fund comes under the Equity category of HSBC Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in HSBC Midcap Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹12,280Cr |
| 1Y Returns | 42.3% |
Fund Performance: The ITI Mid Cap Fund comes under the Equity category of ITI Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ITI Mid Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,162Cr |
| 1Y Returns | 42.7% |
Fund Performance: The Aditya Birla Sun Life Nifty Midcap 150 Index Fund comes under the Equity category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Nifty Midcap 150 Index Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹293Cr |
| 1Y Returns | 32.1% |
Fund Performance: The Motilal Oswal Nifty Midcap 150 Index Fund has given 19.48% annualized returns in the past three years and 27.38% in the last 5 years. The Motilal Oswal Nifty Midcap 150 Index Fund comes under the Equity category of Motilal Oswal Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Motilal Oswal Nifty Midcap 150 Index Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹1,949Cr |
| 1Y Returns | 31.8% |
Fund Performance: The Tata Midcap Growth Fund has given 19.44% annualized returns in the past three years and 26.06% in the last 5 years. The Tata Midcap Growth Fund comes under the Equity category of Tata Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Tata Midcap Growth Fund via lump sum is ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹4,636Cr |
| 1Y Returns | 32.4% |
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