Mid Cap Mutual Funds that doubled investment in last 3 years: If the money doubles or even more in three years, then what can be better than this for a common investor! In the last 3 years, at least 11 mid-cap funds have performed similarly. These mid-cap funds that have made investors rich include mid-cap funds of renowned mutual fund houses like HDFC, Motilal Oswal and Quant. We will see the details of these 11 funds later, but before that let us know what is the definition and feature of mid-cap funds.
What is the specialty of mid cap funds
Mid cap funds mainly invest in shares of medium-sized companies in terms of market capitalization. According to SEBI’s definition, at least 65% of the mid cap fund’s investment must be in mid cap stocks. Mid cap stocks refer to the shares of those companies which are ranked 101 to 250 in terms of market cap in the Indian market. Let us now take a look at those 11 mid cap funds which have doubled or more the investors’ money in the last 3 years. At the top of these are mid cap funds of Motilal Oswal, Quant and HDFC.
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1. Motilal Oswal Midcap (Direct Plan)
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 38.36%
Fund Value after 3 years: Rs 2,64,869
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2. Quant Mid Cap (Direct Plan)
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 31.51%
Fund Value after 3 years: Rs 2,27,445
3. HDFC Mid-Cap Opportunities (Direct Plan)
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 29.62%
Fund Value after 3 years: Rs 2,17,779
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4. Mahindra Manulife Mid Cap (Direct Plan)
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 29.18%
Fund Value after 3 years: Rs 2,15,569
5. Edelweiss Mid Cap (Direct Plan)
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 28.13%
Fund Value after 3 years: Rs 2,10,355
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6. Nippon India Growth (Direct Plan)
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 28.04%
Fund Value after 3 years: Rs 2,09,912
7. Motilal Oswal Nifty Midcap 100 ETF
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 26.84%
Fund Value after 3 years: Rs 2,04,065
8. Invesco India Mid Cap (Direct Plan)
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 26.66%
Fund Value after 3 years: Rs 2,03,198
9. Sundaram Midcap (Direct Plan)
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 26.42%
Fund Value after 3 years: Rs 2,02,045
10.ITI Mid Cap (Direct Plan)
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 26.38%
Fund Value after 3 years: Rs 2,01,853
11. Nippon India ETF Nifty Midcap 150
– Lump sum investment 3 years ago: Rs 1 lakh
– Average Annual Return (CAGR) over 3 years: 26.13%
Fund Value after 3 years: Rs 2,00,657
(Source: Value Research)
Who should invest in mid cap funds
Mid cap stocks are known for their potential for rapid growth. However, they also carry comparatively higher risk. The same applies to mid cap funds as they invest at least 65% in such stocks. So, if you want to get higher returns in a short period of time and are willing to take more risk for it, then you can consider investing in mid cap funds. But before taking any decision in this regard, thoroughly check your risk taking capacity. Also keep in mind that the past returns of equity mutual funds cannot be considered as 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. Past returns of equity mutual funds cannot be considered as a guarantee of similar performance in future. Take any investment decision only after getting complete information and taking advice from your investment advisor.)
