Best Mutual Funds: The year 2024 was in the name of mid cap, top 7 funds earned up to 64% in 1 year, leaving small cap behind.

Top mid cap funds outweigh small caps

In fact, 7 mutual fund schemes falling in the category of mid cap equity funds have given returns ranging from 40% to 64% in the last 1 year. At the same time, during the same period, the returns of top 7 small cap funds have been around 37% to 54%. You can see the details of top 7 mutual funds falling in both categories here:

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1 Year Returns of Top 7 Mid Cap Funds

First of all, let us look at the mid cap mutual funds which have given the highest returns in the last one year. These funds have given much better returns not only compared to small caps but also compared to their benchmark index. The returns of direct plans are always higher than regular plans because the expense ratio is lower.

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1. Motilal Oswal Midcap Fund

1 Year Returns (Regular Plan): 62.65%

1 Year Return (Direct Plan): 64.44%

Assets Under Management (AUM): Rs 25,287.06 crore

Benchmark: NIFTY Midcap 150 Total Return Index (1 year return 31.49%)

2. Invesco India Mid Cap Fund

1 Year Return (Regular Plan): 48.24%

1 Year Return (Direct Plan): 50.12%

Assets Under Management (AUM): Rs 6,184.86 crore

Benchmark: BSE 150 MidCap Total Return Index (1 year return 34.03%)

3. HSBC Midcap Fund

1 Year Return (Regular Plan): 45.36%

1 Year Return (Direct Plan): 46.92%

Assets Under Management (AUM): Rs 12,667.72 crore

Benchmark: NIFTY Midcap 150 Total Return Index (1 year return 31.49%)

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4. Edelweiss Mid Cap Fund

1 Year Return (Regular Plan): 44.71%

1 Year Return (Direct Plan): 46.71%

Assets Under Management (AUM): Rs 8,721.88 crore

Benchmark: NIFTY Midcap 150 Total Return Index (1 year return 31.49%)

5. Kotak Emerging Equity Fund

1 Year Returns (Regular Plan): 39.99%

1 Year Return (Direct Plan): 41.53%

Assets Under Management (AUM): Rs 53,880.05 crore

Benchmark: NIFTY Midcap 150 Total Return Index (1 year return 31.49%)

6. Mahindra Manulife Mid Cap Fund

1 Year Return (Regular Plan): 38.21%

1 Year Return (Direct Plan): 40.26%

Assets Under Management (AUM): Rs 3,621.90 crore

Benchmark: NIFTY Midcap 150 Total Return Index (1 year return 31.49%)

7. ITI Mid Cap Fund

1 Year Returns (Regular Plan): 37.79%

1 Year Return (Direct Plan): 40.21%

Assets Under Management (AUM): Rs 1,181.52 crore

Benchmark: NIFTY Midcap 150 Total Return Index (1 year return 31.49%)

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1 Year Returns of Top 7 Small Cap Funds

After looking at the details of top 7 mid cap funds based on their performance in the last one year, let us now see how the returns of top 7 small cap funds have been during the same period.

1. Bandhan Small Cap Fund

1 Year Return (Regular Plan): 52.40%

1 Year Return (Direct Plan): 54.60%

Assets Under Management (AUM): Rs 9,735.57 crore

Benchmark: BSE 250 SmallCap Total Return Index (1 year return 33.42%)

2. LIC MF Small Cap Fund

1 Year Return (Regular Plan): 44.82%

1 Year Return (Direct Plan): 46.28%

Assets Under Management (AUM): Rs 436.35 crore

Benchmark: NIFTY Smallcap 250 Total Return Index (1 year return 34.96%)

3. Invesco India Smallcap Fund

1 Year Return (Regular Plan): 42.46%

1 Year Return (Direct Plan): 44.52,

Assets Under Management (AUM): Rs 6,146.42 crore

Benchmark: BSE 250 SmallCap Total Return Index (1 year return 33.42%)

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4. ITI Small Cap Fund

1 Year Return (Regular Plan): 41.98%

1 Year Return (Direct Plan): 44.42%

Assets Under Management (AUM): Rs 2,529.43 crore

Benchmark: NIFTY Smallcap 250 Total Return Index (1 year return 34.96%)

5. Tata Small Cap Fund

1 Year Return (Regular Plan): 37.18%

1 Year Return (Direct Plan): 39.13%

Assets Under Management (AUM): Rs 9,906.97 crore

Benchmark: NIFTY Smallcap 250 Total Return Index (1 year return 34.96%)

6. Mahindra Manulife Small Cap Fund

1 Year Return (Regular Plan): 36.05%

1 Year Return (Direct Plan): 38.19%

Assets Under Management (AUM): Rs 4,396.85 crore

Benchmark: BSE 250 SmallCap Total Return Index (1 year return 33.42%)

7. Bank of India Small Cap Fund

1 Year Return (Regular Plan): 35.86%

1 Year Return (Direct Plan): 37.91%

Assets Under Management (AUM): Rs 1,691.55 crore

Benchmark: NIFTY Smallcap 250 Total Return Index (1 year return 34.96%)

(Source: AMFI)

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Why is it better to invest in mid cap funds?

The last 1 year performance data of the above top 7 funds shows that for investors who are ready to take more risk to earn higher returns, investing in mid cap mutual funds can be a better option. In these, not only the risk is less as compared to small cap funds, but the profits have also been better. However, before taking any investment decision, always keep in mind that any equity fund is directly affected by market fluctuations and their past performance is no guarantee that they will continue in the future.

(Disclaimer: The purpose of this article is only to provide information, not to give investment advice. Take investment decisions only with the advice of your investment advisor.)