Mid Cap Mutual Funds that gave 4 to 5 times return in 5 years:If your money grows four to five times in 5 years, then it is no less than a miracle. But the miracle we are talking about here is not related to any superstition. 7 selected mid cap funds of the country have performed this miracle for their investors. Among these 7 mid cap funds that have multiplied the investors’ capital by 4 to 5 times in 5 years, the names of Quant and Motilal Oswal funds are at the top. We will talk about all these 7 mid cap funds later, but first let us know what is the meaning and specialty of mid cap mutual fund.
What is special about mid cap funds
Mid cap funds mainly invest in shares of medium-sized companies in terms of market capitalization. As per SEBI’s definition, at least 65% of the mid cap fund’s investment must be in mid cap stocks. Mid cap stocks are the shares of companies that rank 101 to 250 in terms of market cap in the Indian market. Let us now take a look at those 7 mid cap funds that have multiplied investors’ money by four to five times in the last 5 years.
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1. Quant Mid Cap Fund (Direct Plan)
– 5-year annualised return (CAGR): 38.34%
– Lump sum investment 5 years ago: Rs 1 lakh
– Value of Rs 1 lakh investment after 5 years: Rs 5,06,686
– Asset under management (AUM): Rs 9,375.74 crore
– Benchmark: NIFTY Midcap 150 Total Return Index (5 year CAGR 30.85%)
2. Motilal Oswal Midcap Fund (Direct Plan)
– 5-year annualised return (CAGR): 34.17%
– Lump sum investment 5 years ago: Rs 1 lakh
– Value of Rs 1 lakh investment after 5 years: Rs 4,34,788
– Asset Under Management (AUM): Rs 18,402.48 crore
– Benchmark: NIFTY Midcap 150 Total Return Index (5 year CAGR 30.85%)
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3. Edelweiss Mid Cap Fund (Direct Plan)
– 5-year annualised return (CAGR): 33.08%
– Lump sum investment 5 years ago: Rs 1 lakh
– Value of Rs 1 lakh investment after 5 years: Rs 4,17,411
– Asset under management (AUM): Rs 7,846.44 crore
– Benchmark: NIFTY Midcap 150 Total Return Index (5 year CAGR 30.85%)
4. PGIM India Midcap Opportunities Fund (Direct Plan)
– 5 Year Annual Return (CAGR): 33.00%
– Lump sum investment 5 years ago: Rs 1 lakh
– Value of Rs 1 lakh investment after 5 years: Rs 4,16,158
– Asset Under Management (AUM): Rs 11,844.92 crore
– Benchmark: NIFTY Midcap 150 Total Return Index (5 year CAGR 30.85%)
5. Mahindra Manulife Mid Cap Fund (Direct Plan)
– 5-year annualised return (CAGR): 32.23%
– Lump sum investment 5 years ago: Rs 1 lakh
– Value of Rs 1 lakh investment after 5 years: Rs 4,04,250
– Asset under management (AUM): Rs 3,451.36 crore
– Benchmark: NIFTY Midcap 150 Total Return Index (5 year CAGR 30.85%)
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6. Nippon India Growth Fund (Direct Plan)
– 5-year annualised return (CAGR): 32.05%
– Lump sum investment 5 years ago: Rs 1 lakh
– Value of Rs 1 lakh investment after 5 years: Rs 4,01,506
– Asset Under Management (AUM): Rs 35,361.39 crore
– Benchmark: NIFTY Midcap 150 Total Return Index (5 year CAGR 30.85%)
7. Invesco India Mid Cap Fund (Direct Plan)
– 5-year annualised return (CAGR): 31.45%
– Lump sum investment 5 years ago: Rs 1 lakh
– Value of Rs 1 lakh investment after 5 years: Rs 3,92,467
– Asset under management (AUM): Rs 6,000.32 crore
– Benchmark: BSE 150 MidCap Total Return Index (5 year CAGR 31.61%)
(Source: AMFI, Mutual Fund Return Calculator)
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Take investment decision wisely
All these mid-cap mutual funds have given huge profits to the investors with their stellar performance in the last 5 years. But like any other equity fund, market risk is associated with all these mid-cap funds. All of them have been placed in the ‘very high risk’ category on the riskometer. Therefore, before making any decision related to investing in them, definitely test your risk-taking ability. Also keep in mind that the past returns of a mutual fund cannot be considered a guarantee of similar performance in the future.
(Disclaimer: The purpose of this article is only to provide information, not to recommend investment in any scheme. Take any investment decision only after getting complete information and taking the advice of your investment advisor.)
