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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 June 2, 2023 , 5664 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
₹218.498 ↑ 1.01   (0.46 %)
₹7,089 on 31 Jan 23
9 Aug 04
Equity
Mid Cap
5
High
1.86
-0.22
-1.26
-2.32
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹111.187 ↑ 0.60   (0.54 %)
₹36,912 on 30 Apr 23
25 Jun 07
Equity
Mid Cap
24
Moderately High
1.72
0.47
-0.04
5.05
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
4.5%
6.4%
1.9%
12.5%
24.3%
9.2%
17.8%
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
6%
10.4%
5.8%
26.1%
35.2%
14.5%
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 Performance2022
2021
2020
2019
2018
L&T Midcap Fund
Growth
Fund Details
1.1%
30.4%
19%
-0.2%
-12%
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
12.3%
39.9%
21.7%
0.2%
-11.2%

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
Vihang Naik - 6.84 Yr.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹300
₹5,000
Chirag Setalvad - 15.86 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 May 18₹10,000
31 May 19₹9,389
31 May 20₹7,783
31 May 21₹12,917
31 May 22₹13,502
31 May 23₹15,260
Growth of 10,000 investment over the years.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
DateValue
31 May 18₹10,000
31 May 19₹9,676
31 May 20₹7,527
31 May 21₹13,939
31 May 22₹15,304
31 May 23₹19,293

Detailed portfolio Comparison

Asset Allocation
L&T Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash5.05%
Equity94.95%
Equity Sector Allocation
SectorValue
Financial Services18.87%
Industrials15.72%
Basic Materials15.03%
Consumer Cyclical14.28%
Health Care13.69%
Consumer Defensive5.59%
Technology4.23%
Utility2.75%
Communication Services2.01%
Real Estate1.95%
Energy0.83%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 15 | RATNAMANI
3%₹236 Cr1,063,861
Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 531162
3%₹220 Cr4,965,964
↓ -101,003
Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Nov 13 | SUNDARMFIN
2%₹169 Cr743,568
Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | ABBOTINDIA
2%₹168 Cr80,700
Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 19 | 524494
2%₹168 Cr1,975,600
Cummins India Ltd (Industrials)
Equity, Since 30 Apr 18 | 500480
2%₹162 Cr1,128,100
Indian Bank (Financial Services)
Equity, Since 31 Oct 21 | 532814
2%₹161 Cr5,281,200
Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | 500530
2%₹155 Cr90,899
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | 500850
2%₹141 Cr4,668,200
Blue Dart Express Ltd (Industrials)
Equity, Since 31 Dec 17 | BLUEDART
2%₹135 Cr213,701
↓ -10,000
Asset Allocation
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash6.56%
Equity93.44%
Equity Sector Allocation
SectorValue
Financial Services22.22%
Consumer Cyclical20.46%
Industrials17.6%
Basic Materials10.2%
Technology8.12%
Health Care7.39%
Communication Services4.6%
Consumer Defensive1.59%
Energy1.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | INDHOTEL
5%₹1,763 Cr51,984,477
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 21 | HAL
4%₹1,421 Cr4,864,804
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 15 | CHOLAFIN
3%₹1,253 Cr14,383,961
↓ -2,310,108
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 21 | MAXHEALTH
3%₹1,235 Cr26,839,305
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 19 | BEL
3%₹1,232 Cr119,297,336
↓ -1,008,084
Apollo Tyres Ltd (Consumer Cyclical)
Equity, Since 30 Sep 12 | APOLLOTYRE
3%₹1,184 Cr34,129,095
Sundaram Fasteners Ltd (Consumer Cyclical)
Equity, Since 30 Nov 11 | SUNDRMFAST
3%₹1,152 Cr11,010,204
↓ -350,000
Tata Communications Ltd (Communication Services)
Equity, Since 31 Dec 21 | TATACOMM
3%₹1,129 Cr8,894,583
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND
3%₹1,021 Cr4,897,599
Indian Bank (Financial Services)
Equity, Since 31 Oct 11 | INDIANB
3%₹996 Cr30,892,127

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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