Fincash » L&T Midcap Fund Vs HDFC Mid-cap Opportunities Fund
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L&T Midcap Fund Vs HDFC Mid-cap Opportunities Fund
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 Basics NAV 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 Performance 1 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 Performance 2022 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 Details Min 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
L&T Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 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 HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 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
L&T Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.05% Equity 94.95% Equity Sector Allocation
Sector Value Financial Services 18.87% Industrials 15.72% Basic Materials 15.03% Consumer Cyclical 14.28% Health Care 13.69% Consumer Defensive 5.59% Technology 4.23% Utility 2.75% Communication Services 2.01% Real Estate 1.95% Energy 0.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 15 | RATNAMANI3% ₹236 Cr 1,063,861 Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 5311623% ₹220 Cr 4,965,964
↓ -101,003 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Nov 13 | SUNDARMFIN2% ₹169 Cr 743,568 Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | ABBOTINDIA2% ₹168 Cr 80,700 Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 19 | 5244942% ₹168 Cr 1,975,600 Cummins India Ltd (Industrials)
Equity, Since 30 Apr 18 | 5004802% ₹162 Cr 1,128,100 Indian Bank (Financial Services)
Equity, Since 31 Oct 21 | 5328142% ₹161 Cr 5,281,200 Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | 5005302% ₹155 Cr 90,899 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | 5008502% ₹141 Cr 4,668,200 Blue Dart Express Ltd (Industrials)
Equity, Since 31 Dec 17 | BLUEDART2% ₹135 Cr 213,701
↓ -10,000 HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 6.56% Equity 93.44% Equity Sector Allocation
Sector Value Financial Services 22.22% Consumer Cyclical 20.46% Industrials 17.6% Basic Materials 10.2% Technology 8.12% Health Care 7.39% Communication Services 4.6% Consumer Defensive 1.59% Energy 1.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | INDHOTEL5% ₹1,763 Cr 51,984,477 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 21 | HAL4% ₹1,421 Cr 4,864,804 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 15 | CHOLAFIN3% ₹1,253 Cr 14,383,961
↓ -2,310,108 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 21 | MAXHEALTH3% ₹1,235 Cr 26,839,305 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 19 | BEL3% ₹1,232 Cr 119,297,336
↓ -1,008,084 Apollo Tyres Ltd (Consumer Cyclical)
Equity, Since 30 Sep 12 | APOLLOTYRE3% ₹1,184 Cr 34,129,095 Sundaram Fasteners Ltd (Consumer Cyclical)
Equity, Since 30 Nov 11 | SUNDRMFAST3% ₹1,152 Cr 11,010,204
↓ -350,000 Tata Communications Ltd (Communication Services)
Equity, Since 31 Dec 21 | TATACOMM3% ₹1,129 Cr 8,894,583 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND3% ₹1,021 Cr 4,897,599 Indian Bank (Financial Services)
Equity, Since 31 Oct 11 | INDIANB3% ₹996 Cr 30,892,127
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.
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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