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Fincash » L&T Midcap Fund Vs HDFC Mid-cap Opportunities Fund

L&T Midcap Fund Vs HDFC Mid-cap Opportunities Fund

Updated on January 23, 2022 , 5181 views

There are numerous differences between L&T Midcap Fund and HDFC Mid-cap Opportunities Fund based on numerous parameters. These differences are present even though both the schemes belong to the same category of mid cap funds. Mid-cap Mutual Funds are the schemes whose corpus is invested in shares of companies having a Market capitalization between INR 500 – INR 10,000 Crores. These companies are considered to have good growth potentials. These companies have the ability to perform and become part of large-cap companies. In numerous situations, mid-cap companies have outperformed large-cap companies. So, let us understand the differences between L&T Midcap Fund and HDFC Mid-cap Opportunities Fund by comparing their AUM, performance, NAV, and so on.

About L&T Midcap Fund

L&T Midcap Fund is managed and offered by L&T Mutual Fund under the mid-cap category of Equity Funds. This open-ended scheme was launched on August 04, 2009 and it uses Nifty Midcap 100 TRI Index as its base to build its portfolio. The investment objective of L&T Midcap Fund is to attain Capital growth in the long-term by Investing in mid-cap companies. In addition, L&T Midcap Fund invests its fund money in stocks that are a part of its benchmark index. Some of the stock selection criteria of L&T Midcap Fund include quality of the company’s management, the competitive position of the company, and its valuations. As per the Asset Allocation objective of the scheme, it invests around 80-100% of its corpus in equity and equity-related securities of mid-cap companies while the remaining in fixed Income securities. L&T Midcap Fund is jointly managed by Mr. Vihang Naik and Mr. S. N. Lahiri.

About HDFC Mid-cap Opportunities Fund

HDFC Mid-cap Opportunities Fund’s is to achieve capital growth in the long-term from a portfolio that predominantly consists of equity and equity-related instruments. These instruments generally belong to mid and small-cap sectors. The scheme uses NIFTY Midcap 100 Index and NIFTY 50 Index as its benchmark to construct its portfolio. As on March 31, 2018, some of the constituents of HDFC Mid-cap opportunities Fund included MRF Limited, Apollo Tyres Limited, Exide Industries Limited, and City Union Bank Limited. This scheme is suitable for individuals seeking capital appreciation over long-term by predominantly investing in shares of small and mid-sized companies. As per the asset allocation objective of the scheme, it invests around 75-100% of its corpus in mid and small-cap companies while the remaining in Fixed Income and money market securities.

L&T Midcap Fund Vs HDFC Mid-cap Opportunities Fund

The differences between L&T Midcap Fund Vs HDFC Mid-cap Opportunities Fund are explained below by comparing various parameters that are classified into various sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

It is the first section in the comparison that includes parameters such as Current NAV, scheme category, and Fincash Rating. The comparison of current NAV states that there is a drastic difference in the NAV of both the schemes. The NAV of L&T Midcap Fund was approximately INR 147 and of HDFC Mid-cap Opportunities Fund was approximately INR 59 as of April 24, 2018. With respect to Fincash Rating, it can be said that HDFC Mid-cap Opportunities Fund is a 3-Star rated scheme while L&T Midcap Fund is a 4-Star rated scheme. However, in case of scheme category, it can be said that both the schemes belong to the same category of Equity Mid & small cap. The comparison of basics section is as shown in the table given below.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
L&T Midcap Fund
Growth
Fund Details
₹200.03 ↑ 1.39   (0.70 %)
₹6,782 on 31 Dec 21
9 Aug 04
Equity
Mid Cap
5
High
1.88
2.08
-1.34
-8.48
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹90.477 ↑ 0.76   (0.85 %)
₹31,442 on 31 Dec 21
25 Jun 07
Equity
Mid Cap
24
Moderately High
1.81
2.53
-1.12
-4.78
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

This section compares the Compounded Annual Growth Rate or CAGR returns of both the schemes at various timeframes. The comparison of the performance section reveals that for most of the time intervals, L&T Midcap Fund has performed better as compared to HDFC Mid-cap Opportunities Fund. The table given below shows the summary comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
L&T Midcap Fund
Growth
Fund Details
-0.8%
-3.9%
0.9%
25.5%
16.2%
13.4%
18.7%
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
1.8%
-1.2%
6.3%
36%
20.9%
14.8%
16.3%

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Yearly Performance Section

The comparison of the absolute returns generated by both the schemes for a particular year is compared in the yearly performance section. The analysis of absolute returns shows that for certain years L&T Midcap Fund leads the race while in others HDFC Mid-cap Opportunities Fund leads the race. The summary comparison of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2021
2020
2019
2018
2017
L&T Midcap Fund
Growth
Fund Details
30.4%
19%
-0.2%
-12%
52.3%
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
39.9%
21.7%
0.2%
-11.2%
41.7%

Other Details Section

It is the last section in the comparison that includes elements such as AUM, minimum SIP investment, minimum lumpsum investment, and others. To begin with the AUM, it can be said that there is a drastic difference in the AUM of both the schemes. As on March 31, 2018, the AUM of L&T Midcap Fund was approximately INR 2,403 Crores while of HDFC Mid-cap Opportunities Fund was approximately INR 19,339 Crores. The minimum SIP and lumpsum investment for both the schemes are same. The minimum SIP amount for both the schemes is INR 500 while the lumpsum amount for both the schemes is INR 5,000. The summary comparison of the other details section is as shown in the table given below.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
L&T Midcap Fund
Growth
Fund Details
₹500
₹5,000
Venugopal Manghat - 2.04 Yr.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹500
₹5,000
Chirag Setalvad - 14.53 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
L&T Midcap Fund
Growth
Fund Details
DateValue
31 Dec 16₹10,000
31 Dec 17₹15,233
31 Dec 18₹13,400
31 Dec 19₹13,380
31 Dec 20₹15,929
31 Dec 21₹20,770
Growth of 10,000 investment over the years.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
DateValue
31 Dec 16₹10,000
31 Dec 17₹14,166
31 Dec 18₹12,579
31 Dec 19₹12,604
31 Dec 20₹15,346
31 Dec 21₹21,470

Detailed portfolio Comparison

Asset Allocation
L&T Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash4.05%
Equity95.95%
Equity Sector Allocation
SectorValue
Financial Services20.91%
Industrials15.99%
Basic Materials15.71%
Health Care14.46%
Consumer Cyclical9.9%
Technology7.42%
Consumer Defensive6.49%
Real Estate3.46%
Communication Services1.05%
Energy0.56%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Mphasis Ltd (Technology)
Equity, Since 30 Apr 16 | 526299
5%₹336 Cr988,400
↓ -42,000
Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 531162
5%₹308 Cr5,925,057
↓ -242,857
Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 19 | 524494
3%₹203 Cr937,800
Blue Dart Express Ltd (Industrials)
Equity, Since 31 Dec 17 | 526612
3%₹202 Cr318,740
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 May 13 | 506285
3%₹191 Cr385,382
Cummins India Ltd (Industrials)
Equity, Since 30 Apr 18 | 500480
3%₹184 Cr1,949,500
Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Sep 12 | RAMCOCEM
3%₹178 Cr1,769,142
Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Nov 13 | SUNDARMFIN
3%₹174 Cr758,894
↓ -25,406
Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | 500488
3%₹172 Cr88,200
Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | 500530
3%₹170 Cr98,100
Asset Allocation
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash4.88%
Equity95.12%
Other0%
Equity Sector Allocation
SectorValue
Consumer Cyclical24.53%
Industrials19.83%
Financial Services18.51%
Basic Materials11.41%
Health Care9.34%
Technology5.85%
Consumer Defensive2.16%
Communication Services1.65%
Energy0.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 19 | BEL
5%₹1,449 Cr68,999,224
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 15 | CHOLAFIN
4%₹1,382 Cr26,550,658
↑ 324,745
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND
4%₹1,336 Cr5,750,000
↓ -148,786
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 21 | 543220
4%₹1,240 Cr28,008,368
Sundaram Fasteners Ltd (Consumer Cyclical)
Equity, Since 30 Nov 11 | SUNDRMFAST
4%₹1,187 Cr13,000,000
↓ -100,000
Aarti Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 524208
3%₹1,035 Cr10,300,000
↓ -613,886
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 14 | 500271
3%₹953 Cr9,716,850
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | 500850
3%₹942 Cr52,100,000
↑ 6,100,000
Persistent Systems Ltd (Technology)
Equity, Since 31 Dec 12 | PERSISTENT
3%₹921 Cr1,878,000
↓ -40,000
Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 07 | 524494
3%₹866 Cr3,997,500

Therefore, it can be concluded from the above pointers, that both the schemes differ on account of numerous parameters. As a result, individuals should be careful before investing in any of the schemes by understanding it thoroughly. They should also ensure that the scheme matches their investment qualities or not. This will help them to attain their objectives on time and in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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