Table of Contents
Top 10 Equity - Mid Cap Funds
Time and again investors are confused about Investing in mid-cap funds. Well, before investing, it’s important for an investor to have an in-depth knowledge about mid-cap funds.
Mid-cap funds invest in mid-sized companies. Stocks held in mid-cap funds are the companies that are still developing. These are mid-size corporates that lie between large and small cap stocks. They rank between the two extremes on all important parameters like company size, client base, revenues, team size, etc. Let's see mid-cap funds in detail.
There are various definitions of mid-caps funds in the Market, one could be companies with a market capitalization (MC= no of shares issued by the company X market price per share) of INR 500 Cr to INR 10,000 Cr. From a standpoint of the investor, the investing period of mid-cap funds should be much higher than large-caps due to the nature of the companies.
When an investor invests in mid caps for a long term, they prefer those companies that they think will be tomorrow's runway successes. Also, the more the investors in mid-cap stocks, the more it tends to grow in size. Since the price of large caps has increased, big investors like Mutual Funds and Foreign Institutional Investors (FIIS) are increasingly investing in mid-caps.
In fact, mid-cap stocks outperformed both large cap and small cap stocks in 2015, due to lower input cost, lower interest rates and improvement in Capital reduction. The BSE mid-cap and BSE small-cap index surged 7.43% & 6.76%,
respectively, whereas, BSE Sensex fell 5.03% during the same period of time.
Moreover, companies that are small or mid-sized are flexible and can adapt changes faster. That is why such companies have more potential of higher growth. Some of the most emerging, mid-cap companies in India are- Blue Star Ltd., Bata India Ltd., City Union Bank, IDFC Ltd., PC Jeweller Ltd., etc.
Some of the benefits of investing in mid-cap funds are:
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In order to make a better investment decision in Equity Funds, one should understand the fundamental differences between these types equity funds, i.e.- large-, mid-, and small-cap funds:
Large cap invests in those companies that have the potential of showing year on year steady growth with high profits. Mid-cap funds invest in mid-sized companies. Investors who invest in mid-cap usually prefer those companies that are future’s runaway success. Whereas, small cap companies are generally younger companies or startups that have a lot of scopes to grow.
Large cap companies have a market capitalization of more than INR 1000 crore, while mid caps could be companies with a market cap of INR 500 Cr to INR 1000 Cr, and a market cap of the small cap could be less than INR 500 Cr.
Infosys, Unilever, Reliance Industries, Birla, etc., are a few well-known large cap companies in India. Some of the most emerging, i.e. mid-cap companies in India are Bata India Ltd, City Union Bank, PC Jeweller Ltd, etc. And some of the well-known small-cap companies in India are Indiabulls, Indian Overseas Bank, Just Dial, etc.
Mid cap and small cap funds are more volatile than Large cap funds. Large cap mutual funds tend to outperform both mid and small cap funds during the bull market.
Mid-cap funds have a high volatility. They carry more risk than large-cap funds. That’s why, an investor who can bear high-risk in their investment should only prefer investing in this fund. Also, at the end of the day returns also depends on your tenure. The longer you invest, the higher will be the returns.
Historically, mid-caps have shown to perform better than large-caps in a blooming market, but they can fall when the markets dip. Ideally, investors who want to invest in mid-caps or equities should take a SIP (Systematic Investment plan) route to bolster long term market return.
Once you begin investing monthly in a SIP for a longer period of time, your money starts growing every day (being invested in the stock market). Systematic Investment Plan helps you to average your purchase cost and maximise returns. When an investor invests regularly over a period, irrespective of the market conditions, he would get more units when the market is low & less units when the market is high. This averages out the purchase cost of your mutual fund units.
The short-term and long-term Capital Gains offered by mutual funds are taxed at different rates.
Fund Type | Short-Term Capital Gains | Long-Term Capital Gains |
---|---|---|
Equity funds | 15% + cess + surcharge | Up to Rs. 1 lakh a year is tax-exempt. Any gains above Rs. 1 lakh are taxed at 10% + cess + surcharge |
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Top-performing Mid-cap Funds in India with AUM above 200 Cr are as follows:
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Motilal Oswal Midcap 30 Fund Growth ₹75.8432
↑ 0.04 ₹7,972 6.2 17.8 52.8 31.4 25.1 41.7 PGIM India Midcap Opportunities Fund Growth ₹52.38
↑ 0.26 ₹9,962 -0.1 5.5 26.1 18.4 23.9 20.8 Edelweiss Mid Cap Fund Growth ₹74.241
↑ 0.06 ₹4,915 2.8 16.2 47.6 23.1 23.1 38.4 SBI Magnum Mid Cap Fund Growth ₹193.565
↑ 0.19 ₹15,957 -0.2 6.7 35.5 21.4 21.5 34.5 BNP Paribas Mid Cap Fund Growth ₹82.1836
↓ -0.25 ₹1,746 4 13.1 43.9 20.2 21.3 32.6 Kotak Emerging Equity Scheme Growth ₹100.106
↓ -0.28 ₹39,027 0.9 9 35.2 20.3 21.3 31.5 TATA Mid Cap Growth Fund Growth ₹348.367
↓ -2.41 ₹3,224 0.9 11.5 47 20.9 20.4 40.5 Invesco India Mid Cap Fund Growth ₹122.65
↑ 0.07 ₹4,169 3.1 12.3 45.1 20.4 20.4 34.1 ICICI Prudential MidCap Fund Growth ₹231.53
↓ -0.85 ₹5,418 5 17.9 46.8 21.5 19.6 32.8 UTI Mid Cap Fund Growth ₹245.212
↑ 0.05 ₹10,072 0.7 5.9 38 18.4 19.6 30.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Mar 24
(Erstwhile Motilal Oswal MOSt Focused Midcap 30 Fund) The investment objective of the Scheme is to achieve long term capital appreciation by investing in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential for growth. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Motilal Oswal Midcap 30 Fund is a Equity - Mid Cap fund was launched on 24 Feb 14. It is a fund with Moderately High risk and has given a Below is the key information for Motilal Oswal Midcap 30 Fund Returns up to 1 year are on The primary objective of the Scheme is to achieve long-term capital appreciation by predominantly investing in equity & equity related instruments of mid cap companies. However, there is no assurance that the investment objective of the Scheme will be realized. PGIM India Midcap Opportunities Fund is a Equity - Mid Cap fund was launched on 2 Dec 13. It is a fund with High risk and has given a Below is the key information for PGIM India Midcap Opportunities Fund Returns up to 1 year are on (Erstwhile Edelweiss Mid and Small Cap Fund ) The investment objective is to seek to generate long-term capital appreciation from a portfolio that predominantly invests in equity and equity-related securities of Mid Cap companies.
However, there can be no assurance that the investment objective of the Scheme will be realised. Edelweiss Mid Cap Fund is a Equity - Mid Cap fund was launched on 26 Dec 07. It is a fund with High risk and has given a Below is the key information for Edelweiss Mid Cap Fund Returns up to 1 year are on To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well diversified basket of equity stocks of Midcap companies. SBI Magnum Mid Cap Fund is a Equity - Mid Cap fund was launched on 29 Mar 05. It is a fund with Moderately High risk and has given a Below is the key information for SBI Magnum Mid Cap Fund Returns up to 1 year are on The Investment objective of the scheme is to seek to generate long-term capital appreciation by investing primarily in companies with high growth opportunities in
the middle and small capitalization segment, defi ned as ‘Future Leaders’. The fund will emphasize on companies that appear to offer opportunities for long-term growth and will be inclined towards companies that are driven by dynamic style of management and entrepreneurial fl air. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns. BNP Paribas Mid Cap Fund is a Equity - Mid Cap fund was launched on 2 May 06. It is a fund with High risk and has given a Below is the key information for BNP Paribas Mid Cap Fund Returns up to 1 year are on The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid and small cap companies. Kotak Emerging Equity Scheme is a Equity - Mid Cap fund was launched on 30 Mar 07. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Emerging Equity Scheme Returns up to 1 year are on To provide income distribution and / or medium to long term capital gains. Investments would be focused towards mid-cap stocks. TATA Mid Cap Growth Fund is a Equity - Mid Cap fund was launched on 1 Jul 94. It is a fund with Moderately High risk and has given a Below is the key information for TATA Mid Cap Growth Fund Returns up to 1 year are on The Scheme seeks to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid cap companies. However, there can be no assurance that the funds objectives will be achieved. Invesco India Mid Cap Fund is a Equity - Mid Cap fund was launched on 19 Apr 07. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Mid Cap Fund Returns up to 1 year are on To generate capital appreciation by actively investing in diversified mid cap stocks. ICICI Prudential MidCap Fund is a Equity - Mid Cap fund was launched on 28 Oct 04. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential MidCap Fund Returns up to 1 year are on Investment objective is "capital appreciation" by investing primarily in mid cap stocks. UTI Mid Cap Fund is a Equity - Mid Cap fund was launched on 7 Apr 04. It is a fund with Moderately High risk and has given a Below is the key information for UTI Mid Cap Fund Returns up to 1 year are on 1. Motilal Oswal Midcap 30 Fund
CAGR/Annualized
return of 22.3% since its launch. Ranked 27 in Mid Cap
category. Return for 2023 was 41.7% , 2022 was 10.7% and 2021 was 55.8% . Motilal Oswal Midcap 30 Fund
Growth Launch Date 24 Feb 14 NAV (15 Mar 24) ₹75.8432 ↑ 0.04 (0.05 %) Net Assets (Cr) ₹7,972 on 31 Jan 24 Category Equity - Mid Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.45 Sharpe Ratio 2.69 Information Ratio 0.52 Alpha Ratio 4.2 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,758 28 Feb 21 ₹13,786 28 Feb 22 ₹18,443 28 Feb 23 ₹21,511 29 Feb 24 ₹32,706 Returns for Motilal Oswal Midcap 30 Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 0.4% 3 Month 6.2% 6 Month 17.8% 1 Year 52.8% 3 Year 31.4% 5 Year 25.1% 10 Year 15 Year Since launch 22.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 41.7% 2022 10.7% 2021 55.8% 2020 9.3% 2019 9.7% 2018 -12.7% 2017 30.8% 2016 5.2% 2015 16.5% 2014 Fund Manager information for Motilal Oswal Midcap 30 Fund
Name Since Tenure Niket Shah 1 Jul 20 3.67 Yr. Ankush Sood 11 Nov 22 1.3 Yr. Rakesh Shetty 22 Nov 22 1.27 Yr. Data below for Motilal Oswal Midcap 30 Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Technology 22.97% Industrials 22.47% Financial Services 13.62% Consumer Cyclical 12.31% Real Estate 8.66% Basic Materials 7.8% Health Care 3.51% Communication Services 1.6% Asset Allocation
Asset Class Value Cash 7.42% Equity 92.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Aug 23 | 54394011% ₹930 Cr 30,000,000 Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 23 | PERSISTENT10% ₹841 Cr 975,000 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | KALYANKJIL10% ₹814 Cr 20,500,000
↑ 20,500,000 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 20 | TIINDIA8% ₹706 Cr 2,025,000
↑ 50,000 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Jul 23 | PRESTIGE6% ₹525 Cr 4,500,000 Coforge Ltd (Technology)
Equity, Since 31 Mar 23 | COFORGE6% ₹524 Cr 800,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Mar 21 | 5000935% ₹443 Cr 10,000,000 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 28 Feb 23 | BALKRISIND5% ₹384 Cr 1,725,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 30 Sep 22 | DEEPAKNTR4% ₹360 Cr 1,625,000
↓ -200,000 Zomato Ltd (Consumer Cyclical)
Equity, Since 30 Apr 23 | 5433204% ₹331 Cr 20,000,000
↓ -20,000,000 2. PGIM India Midcap Opportunities Fund
CAGR/Annualized
return of 17.5% since its launch. Ranked 40 in Mid Cap
category. Return for 2023 was 20.8% , 2022 was -1.7% and 2021 was 63.8% . PGIM India Midcap Opportunities Fund
Growth Launch Date 2 Dec 13 NAV (15 Mar 24) ₹52.38 ↑ 0.26 (0.50 %) Net Assets (Cr) ₹9,962 on 31 Jan 24 Category Equity - Mid Cap AMC Pramerica Asset Managers Private Limited Rating ☆ Risk High Expense Ratio 1.95 Sharpe Ratio 1.46 Information Ratio -1.22 Alpha Ratio -11.85 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,430 28 Feb 21 ₹18,291 28 Feb 22 ₹24,214 28 Feb 23 ₹25,098 29 Feb 24 ₹31,858 Returns for PGIM India Midcap Opportunities Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -1.9% 3 Month -0.1% 6 Month 5.5% 1 Year 26.1% 3 Year 18.4% 5 Year 23.9% 10 Year 15 Year Since launch 17.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 20.8% 2022 -1.7% 2021 63.8% 2020 48.4% 2019 3.6% 2018 -16.1% 2017 37% 2016 -1.3% 2015 7.9% 2014 42.8% Fund Manager information for PGIM India Midcap Opportunities Fund
Name Since Tenure Vinay Paharia 1 Apr 23 0.92 Yr. Puneet Pal 16 Jul 22 1.63 Yr. Anandha Padmanabhan Anjeneyan 19 Aug 23 0.53 Yr. Utsav Mehta 1 Nov 23 0.33 Yr. Data below for PGIM India Midcap Opportunities Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Consumer Cyclical 18.87% Financial Services 18.46% Industrials 17.57% Basic Materials 11.51% Health Care 11.46% Technology 9.42% Real Estate 4.45% Consumer Defensive 2.34% Utility 2.02% Communication Services 1.13% Asset Allocation
Asset Class Value Cash 2.75% Equity 97.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity Phoenix Mills Ltd (Real Estate)
Equity, Since 31 Jan 23 | 5031003% ₹328 Cr 1,353,739 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Nov 22 | MAXHEALTH3% ₹324 Cr 4,146,055
↓ -416,065 Persistent Systems Ltd (Technology)
Equity, Since 30 Nov 21 | PERSISTENT3% ₹255 Cr 304,984 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Apr 23 | 5323433% ₹250 Cr 1,247,811
↓ -120,848 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 22 | CHOLAFIN2% ₹245 Cr 2,073,090 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 30 Apr 23 | TIINDIA2% ₹244 Cr 626,073
↓ -162,348 Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Apr 23 | DIXON2% ₹239 Cr 399,033 Timken India Ltd (Industrials)
Equity, Since 30 Sep 21 | 5221132% ₹238 Cr 701,519 Poonawalla Fincorp Ltd (Financial Services)
Equity, Since 30 Apr 23 | POONAWALLA2% ₹236 Cr 4,932,540 JK Cement Ltd (Basic Materials)
Equity, Since 30 Apr 23 | JKCEMENT2% ₹218 Cr 500,296
↓ -52,490 3. Edelweiss Mid Cap Fund
CAGR/Annualized
return of 13.2% since its launch. Ranked 22 in Mid Cap
category. Return for 2023 was 38.4% , 2022 was 2.4% and 2021 was 50.3% . Edelweiss Mid Cap Fund
Growth Launch Date 26 Dec 07 NAV (15 Mar 24) ₹74.241 ↑ 0.06 (0.08 %) Net Assets (Cr) ₹4,915 on 31 Jan 24 Category Equity - Mid Cap AMC Edelweiss Asset Management Limited Rating ☆☆☆ Risk High Expense Ratio 2.1 Sharpe Ratio 2.9 Information Ratio -0.7 Alpha Ratio 1.49 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,105 28 Feb 21 ₹15,695 28 Feb 22 ₹19,218 28 Feb 23 ₹20,489 29 Feb 24 ₹30,951 Returns for Edelweiss Mid Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -3.1% 3 Month 2.8% 6 Month 16.2% 1 Year 47.6% 3 Year 23.1% 5 Year 23.1% 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 38.4% 2022 2.4% 2021 50.3% 2020 26.4% 2019 5.2% 2018 -15.7% 2017 52.3% 2016 2.5% 2015 9.4% 2014 83.4% Fund Manager information for Edelweiss Mid Cap Fund
Name Since Tenure Trideep Bhattacharya 1 Oct 21 2.42 Yr. Sahil Shah 24 Dec 21 2.19 Yr. Data below for Edelweiss Mid Cap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 22% Consumer Cyclical 19.71% Industrials 16.46% Technology 11.61% Basic Materials 10.61% Health Care 9.77% Real Estate 3% Consumer Defensive 2.17% Utility 2.06% Asset Allocation
Asset Class Value Cash 2.61% Equity 97.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity Persistent Systems Ltd (Technology)
Equity, Since 31 Mar 21 | PERSISTENT5% ₹247 Cr 286,256 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 5002514% ₹224 Cr 577,507
↓ -31,787 Coforge Ltd (Technology)
Equity, Since 30 Jun 23 | COFORGE4% ₹180 Cr 274,464 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 23 | 5328103% ₹177 Cr 4,412,635 Indian Bank (Financial Services)
Equity, Since 31 Jan 21 | 5328143% ₹173 Cr 3,298,021 Dixon Technologies (India) Ltd (Technology)
Equity, Since 31 Jan 20 | DIXON3% ₹161 Cr 240,705 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK3% ₹145 Cr 9,637,857 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 20 | 5004803% ₹142 Cr 517,473 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Jun 22 | 5323433% ₹141 Cr 658,248 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Jul 21 | MAXHEALTH2% ₹126 Cr 1,590,026 4. SBI Magnum Mid Cap Fund
CAGR/Annualized
return of 16.9% since its launch. Ranked 28 in Mid Cap
category. Return for 2023 was 34.5% , 2022 was 3% and 2021 was 52.2% . SBI Magnum Mid Cap Fund
Growth Launch Date 29 Mar 05 NAV (15 Mar 24) ₹193.565 ↑ 0.19 (0.10 %) Net Assets (Cr) ₹15,957 on 31 Jan 24 Category Equity - Mid Cap AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 2.46 Information Ratio -0.62 Alpha Ratio 0.1 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,633 28 Feb 21 ₹15,433 28 Feb 22 ₹19,359 28 Feb 23 ₹21,142 29 Feb 24 ₹29,054 Returns for SBI Magnum Mid Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -2.3% 3 Month -0.2% 6 Month 6.7% 1 Year 35.5% 3 Year 21.4% 5 Year 21.5% 10 Year 15 Year Since launch 16.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 34.5% 2022 3% 2021 52.2% 2020 30.4% 2019 0.1% 2018 -18% 2017 33.5% 2016 5% 2015 14.9% 2014 71.9% Fund Manager information for SBI Magnum Mid Cap Fund
Name Since Tenure Sohini Andani 1 Jul 10 13.68 Yr. Mohit Jain 30 Nov 17 6.25 Yr. Data below for SBI Magnum Mid Cap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Consumer Cyclical 28.76% Financial Services 14.89% Industrials 13.95% Basic Materials 10.65% Health Care 8.23% Real Estate 4.48% Consumer Defensive 3.52% Utility 3.37% Technology 2.12% Communication Services 1.96% Asset Allocation
Asset Class Value Cash 8.07% Equity 91.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL4% ₹702 Cr 1,400,000 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN4% ₹621 Cr 1,490,000 Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 5327793% ₹557 Cr 5,169,750 Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX3% ₹550 Cr 1,511,202 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5008503% ₹509 Cr 8,682,397 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 20 | TIINDIA3% ₹488 Cr 1,400,000 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER3% ₹470 Cr 1,623,740 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 5063952% ₹377 Cr 3,500,000 Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | 5433002% ₹362 Cr 5,258,000 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | MAXHEALTH2% ₹357 Cr 4,500,000 5. BNP Paribas Mid Cap Fund
CAGR/Annualized
return of 12.5% since its launch. Ranked 18 in Mid Cap
category. Return for 2023 was 32.6% , 2022 was 4.7% and 2021 was 41.5% . BNP Paribas Mid Cap Fund
Growth Launch Date 2 May 06 NAV (15 Mar 24) ₹82.1836 ↓ -0.25 (-0.31 %) Net Assets (Cr) ₹1,746 on 31 Jan 24 Category Equity - Mid Cap AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk High Expense Ratio 2.19 Sharpe Ratio 2.53 Information Ratio -0.96 Alpha Ratio -3.45 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,449 28 Feb 21 ₹15,534 28 Feb 22 ₹18,920 28 Feb 23 ₹19,622 29 Feb 24 ₹28,787 Returns for BNP Paribas Mid Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -2.7% 3 Month 4% 6 Month 13.1% 1 Year 43.9% 3 Year 20.2% 5 Year 21.3% 10 Year 15 Year Since launch 12.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 32.6% 2022 4.7% 2021 41.5% 2020 23.1% 2019 5.2% 2018 -17.5% 2017 49% 2016 -1.2% 2015 15.3% 2014 65.6% Fund Manager information for BNP Paribas Mid Cap Fund
Name Since Tenure Shiv Chanani 13 Jul 22 1.64 Yr. Miten Vora 1 Dec 22 1.25 Yr. Data below for BNP Paribas Mid Cap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Consumer Cyclical 19.67% Financial Services 18.22% Industrials 14.93% Health Care 13.09% Technology 9.94% Basic Materials 9.1% Consumer Defensive 5.35% Utility 4.37% Real Estate 2.43% Asset Allocation
Asset Class Value Cash 2.35% Equity 97.1% Debt 0.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 5008503% ₹59 Cr 1,000,000 PB Fintech Ltd (Financial Services)
Equity, Since 28 Feb 23 | 5433903% ₹58 Cr 500,000
↑ 75,000 NHPC Ltd (Utilities)
Equity, Since 31 Mar 22 | NHPC3% ₹53 Cr 6,000,000
↓ -300,000 Lupin Ltd (Healthcare)
Equity, Since 28 Feb 22 | 5002573% ₹52 Cr 320,000 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 Oct 22 | 5031003% ₹48 Cr 175,000 Indian Bank (Financial Services)
Equity, Since 30 Jun 21 | 5328143% ₹47 Cr 900,000 Sundaram Finance Ltd (Financial Services)
Equity, Since 31 May 16 | SUNDARMFIN3% ₹46 Cr 110,000 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 5323433% ₹45 Cr 210,000 Zydus Lifesciences Ltd (Healthcare)
Equity, Since 31 Mar 23 | 5323212% ₹45 Cr 475,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jan 19 | 5002512% ₹45 Cr 115,000 6. Kotak Emerging Equity Scheme
CAGR/Annualized
return of 14.5% since its launch. Ranked 12 in Mid Cap
category. Return for 2023 was 31.5% , 2022 was 5.1% and 2021 was 47.3% . Kotak Emerging Equity Scheme
Growth Launch Date 30 Mar 07 NAV (15 Mar 24) ₹100.106 ↓ -0.28 (-0.28 %) Net Assets (Cr) ₹39,027 on 31 Jan 24 Category Equity - Mid Cap AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.46 Sharpe Ratio 2.59 Information Ratio -1.22 Alpha Ratio -0.52 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-2 Years (1%),2 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,442 28 Feb 21 ₹15,634 28 Feb 22 ₹19,118 28 Feb 23 ₹20,928 29 Feb 24 ₹28,525 Returns for Kotak Emerging Equity Scheme
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -1.2% 3 Month 0.9% 6 Month 9% 1 Year 35.2% 3 Year 20.3% 5 Year 21.3% 10 Year 15 Year Since launch 14.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.5% 2022 5.1% 2021 47.3% 2020 21.9% 2019 8.9% 2018 -11.7% 2017 43% 2016 10.4% 2015 8.4% 2014 87.3% Fund Manager information for Kotak Emerging Equity Scheme
Name Since Tenure Atul Bhole 22 Jan 24 0.11 Yr. Arjun Khanna 30 Apr 22 1.84 Yr. Data below for Kotak Emerging Equity Scheme as on 31 Jan 24
Equity Sector Allocation
Sector Value Industrials 21.98% Consumer Cyclical 21.42% Basic Materials 19.49% Financial Services 13.73% Technology 7.47% Health Care 6.38% Real Estate 2.72% Consumer Defensive 1.64% Energy 1.55% Utility 0.76% Communication Services 0.27% Asset Allocation
Asset Class Value Cash 2.59% Equity 97.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cummins India Ltd (Industrials)
Equity, Since 31 Oct 19 | 5004804% ₹1,606 Cr 5,863,399 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 13 | PERSISTENT4% ₹1,522 Cr 1,763,222
↓ -140,630 Supreme Industries Ltd (Industrials)
Equity, Since 28 Feb 15 | 5099304% ₹1,510 Cr 3,637,829
↓ -217,562 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 11 | SOLARINDS3% ₹1,386 Cr 2,059,015 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 18 | BEL3% ₹1,130 Cr 55,087,745 Oberoi Realty Ltd (Real Estate)
Equity, Since 31 Mar 15 | OBEROIRLTY3% ₹1,077 Cr 8,010,973 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 14 | SCHAEFFLER3% ₹1,076 Cr 3,720,463 JK Cement Ltd (Basic Materials)
Equity, Since 31 Mar 20 | JKCEMENT3% ₹1,047 Cr 2,318,616 Thermax Ltd (Industrials)
Equity, Since 31 Mar 17 | THERMAX3% ₹1,033 Cr 2,838,890
↓ -227,825 PI Industries Ltd (Basic Materials)
Equity, Since 30 Apr 18 | PIIND2% ₹988 Cr 2,691,208 7. TATA Mid Cap Growth Fund
CAGR/Annualized
return of 12.7% since its launch. Ranked 31 in Mid Cap
category. Return for 2023 was 40.5% , 2022 was 0.6% and 2021 was 40% . TATA Mid Cap Growth Fund
Growth Launch Date 1 Jul 94 NAV (15 Mar 24) ₹348.367 ↓ -2.41 (-0.69 %) Net Assets (Cr) ₹3,224 on 31 Jan 24 Category Equity - Mid Cap AMC Tata Asset Management Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.15 Sharpe Ratio 3.09 Information Ratio -0.99 Alpha Ratio 3.98 Min Investment 5,000 Min SIP Investment 150 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,388 28 Feb 21 ₹14,884 28 Feb 22 ₹18,026 28 Feb 23 ₹18,764 29 Feb 24 ₹28,350 Returns for TATA Mid Cap Growth Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -3.2% 3 Month 0.9% 6 Month 11.5% 1 Year 47% 3 Year 20.9% 5 Year 20.4% 10 Year 15 Year Since launch 12.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 40.5% 2022 0.6% 2021 40% 2020 24.3% 2019 6.5% 2018 -13% 2017 49.8% 2016 -2.2% 2015 10.8% 2014 80% Fund Manager information for TATA Mid Cap Growth Fund
Name Since Tenure Satish Mishra 9 Mar 21 2.98 Yr. Data below for TATA Mid Cap Growth Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Industrials 33.42% Financial Services 19.86% Health Care 10.63% Basic Materials 10.06% Consumer Cyclical 9.55% Real Estate 5.93% Technology 4.29% Consumer Defensive 2.04% Communication Services 1.12% Asset Allocation
Asset Class Value Cash 3.1% Equity 96.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aurobindo Pharma Ltd (Healthcare)
Equity, Since 30 Jun 23 | AUROPHARMA4% ₹115 Cr 1,000,000 Thermax Ltd (Industrials)
Equity, Since 30 Apr 21 | THERMAX3% ₹106 Cr 331,869 Cummins India Ltd (Industrials)
Equity, Since 31 Mar 21 | 5004803% ₹103 Cr 450,000 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 30 Sep 22 | 5001033% ₹96 Cr 4,200,000 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Nov 22 | CREDITACC3% ₹95 Cr 600,000
↑ 50,000 IDFC First Bank Ltd (Financial Services)
Equity, Since 31 Aug 22 | IDFCFIRSTB3% ₹93 Cr 10,991,415 AIA Engineering Ltd (Industrials)
Equity, Since 31 Oct 13 | AIAENG3% ₹90 Cr 218,000 Kajaria Ceramics Ltd (Industrials)
Equity, Since 30 Jun 22 | 5002333% ₹89 Cr 640,000
↑ 32,203 Birlasoft Ltd (Technology)
Equity, Since 30 Jun 23 | BSOFT3% ₹88 Cr 1,040,228 PI Industries Ltd (Basic Materials)
Equity, Since 31 Dec 15 | PIIND3% ₹84 Cr 250,000
↑ 25,000 8. Invesco India Mid Cap Fund
CAGR/Annualized
return of 16% since its launch. Ranked 38 in Mid Cap
category. Return for 2023 was 34.1% , 2022 was 0.5% and 2021 was 43.1% . Invesco India Mid Cap Fund
Growth Launch Date 19 Apr 07 NAV (15 Mar 24) ₹122.65 ↑ 0.07 (0.06 %) Net Assets (Cr) ₹4,169 on 31 Jan 24 Category Equity - Mid Cap AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 2.59 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,446 28 Feb 21 ₹15,036 28 Feb 22 ₹17,937 28 Feb 23 ₹18,742 29 Feb 24 ₹27,895 Returns for Invesco India Mid Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -4.1% 3 Month 3.1% 6 Month 12.3% 1 Year 45.1% 3 Year 20.4% 5 Year 20.4% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2023 34.1% 2022 0.5% 2021 43.1% 2020 24.4% 2019 3.8% 2018 -5.3% 2017 44.3% 2016 1.1% 2015 6.4% 2014 77% Fund Manager information for Invesco India Mid Cap Fund
Name Since Tenure Aditya Khemani 9 Nov 23 0.31 Yr. Amit Ganatra 1 Sep 23 0.5 Yr. Data below for Invesco India Mid Cap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Consumer Cyclical 26.16% Financial Services 22.47% Industrials 14.84% Health Care 11.13% Technology 7.99% Real Estate 5.89% Basic Materials 4.76% Utility 4.47% Consumer Defensive 2.23% Asset Allocation
Asset Class Value Cash 0.07% Equity 99.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 30 Apr 21 | 5002515% ₹212 Cr 546,046 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Dec 22 | MAXHEALTH4% ₹178 Cr 2,246,434 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | FEDERALBNK4% ₹173 Cr 11,480,924
↑ 379,188 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Mar 21 | CHOLAFIN4% ₹167 Cr 1,537,576
↑ 155,753 L&T Finance Holdings Ltd (Financial Services)
Equity, Since 31 Dec 23 | L&TFH4% ₹165 Cr 9,883,840
↑ 204,597 Apollo Tyres Ltd (Consumer Cyclical)
Equity, Since 30 Nov 22 | 5008774% ₹151 Cr 2,903,958
↑ 251,465 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | KALYANKJIL3% ₹143 Cr 3,611,063
↑ 810,796 Max Financial Services Ltd (Financial Services)
Equity, Since 30 Nov 23 | 5002713% ₹134 Cr 1,383,185
↑ 96,625 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 30 Nov 23 | PRESTIGE3% ₹132 Cr 1,134,386
↑ 97,183 Mankind Pharma Ltd (Healthcare)
Equity, Since 30 Apr 23 | 5439043% ₹128 Cr 600,883 9. ICICI Prudential MidCap Fund
CAGR/Annualized
return of 17.6% since its launch. Ranked 35 in Mid Cap
category. Return for 2023 was 32.8% , 2022 was 3.1% and 2021 was 44.8% . ICICI Prudential MidCap Fund
Growth Launch Date 28 Oct 04 NAV (15 Mar 24) ₹231.53 ↓ -0.85 (-0.37 %) Net Assets (Cr) ₹5,418 on 31 Jan 24 Category Equity - Mid Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 1.86 Information Ratio -0.95 Alpha Ratio -14.08 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,266 28 Feb 21 ₹14,132 28 Feb 22 ₹16,944 28 Feb 23 ₹17,816 29 Feb 24 ₹26,836 Returns for ICICI Prudential MidCap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -3.1% 3 Month 5% 6 Month 17.9% 1 Year 46.8% 3 Year 21.5% 5 Year 19.6% 10 Year 15 Year Since launch 17.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 32.8% 2022 3.1% 2021 44.8% 2020 19.1% 2019 -0.6% 2018 -10.8% 2017 42.9% 2016 4.8% 2015 5.1% 2014 87% Fund Manager information for ICICI Prudential MidCap Fund
Name Since Tenure Lalit Kumar 1 Jul 22 1.67 Yr. Sharmila D’mello 31 Jul 22 1.59 Yr. Data below for ICICI Prudential MidCap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Basic Materials 21.16% Industrials 17.37% Consumer Cyclical 16.21% Health Care 11.32% Real Estate 9.9% Energy 5.81% Communication Services 5.16% Financial Services 4.31% Utility 4.21% Technology 1.1% Asset Allocation
Asset Class Value Cash 3.42% Equity 96.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO4% ₹216 Cr 4,666,873
↓ -817,000 Lupin Ltd (Healthcare)
Equity, Since 31 Aug 22 | 5002574% ₹211 Cr 1,400,000 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 5031003% ₹171 Cr 706,691 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 5322863% ₹165 Cr 2,179,227 Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Aug 22 | JSL3% ₹155 Cr 2,688,476
↑ 223,700 AIA Engineering Ltd (Industrials)
Equity, Since 30 Nov 17 | AIAENG3% ₹150 Cr 364,667
↑ 35,000 ACC Ltd (Basic Materials)
Equity, Since 31 Aug 22 | 5004103% ₹142 Cr 557,062 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5323433% ₹140 Cr 699,955 Affle India Ltd (Communication Services)
Equity, Since 31 Oct 22 | AFFLE2% ₹131 Cr 1,056,618 Dalmia Bharat Ltd (Basic Materials)
Equity, Since 28 Feb 23 | DALBHARAT2% ₹129 Cr 567,537 10. UTI Mid Cap Fund
CAGR/Annualized
return of 18% since its launch. Ranked 36 in Mid Cap
category. Return for 2023 was 30.5% , 2022 was -0.8% and 2021 was 43.1% . UTI Mid Cap Fund
Growth Launch Date 7 Apr 04 NAV (15 Mar 24) ₹245.212 ↑ 0.05 (0.02 %) Net Assets (Cr) ₹10,072 on 31 Jan 24 Category Equity - Mid Cap AMC UTI Asset Management Company Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2 Sharpe Ratio 2.16 Information Ratio -1.7 Alpha Ratio -7.05 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,846 28 Feb 21 ₹15,301 28 Feb 22 ₹18,754 28 Feb 23 ₹19,412 29 Feb 24 ₹26,869 Returns for UTI Mid Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -2.6% 3 Month 0.7% 6 Month 5.9% 1 Year 38% 3 Year 18.4% 5 Year 19.6% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.5% 2022 -0.8% 2021 43.1% 2020 32.7% 2019 -0.2% 2018 -14.9% 2017 42% 2016 3.5% 2015 6.6% 2014 90.4% Fund Manager information for UTI Mid Cap Fund
Name Since Tenure Ankit Agarwal 30 Aug 19 4.51 Yr. Data below for UTI Mid Cap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Consumer Cyclical 20.42% Industrials 18.27% Financial Services 18.27% Technology 11.65% Health Care 10.34% Basic Materials 7.24% Utility 3.92% Real Estate 2.13% Consumer Defensive 2.01% Energy 1.75% Communication Services 0.44% Asset Allocation
Asset Class Value Cash 3.57% Equity 96.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 17 | TIINDIA2% ₹248 Cr 635,509 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Aug 13 | 5004932% ₹226 Cr 1,828,064 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | FEDERALBNK2% ₹222 Cr 15,092,781
↓ -15,840 Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 23 | PERSISTENT2% ₹221 Cr 265,096 Coforge Ltd (Technology)
Equity, Since 30 Apr 21 | COFORGE2% ₹220 Cr 352,030 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 Jul 20 | 5031002% ₹215 Cr 886,028 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Apr 22 | BEL2% ₹214 Cr 11,490,464 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Apr 21 | SHRIRAMFIN2% ₹209 Cr 847,693
↓ -111,153 JK Cement Ltd (Basic Materials)
Equity, Since 31 Aug 20 | JKCEMENT2% ₹204 Cr 468,639 Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 21 | ALKEM2% ₹197 Cr 394,405
Mid-cap funds can be worth adding to your investment Portfolio. But, consider the returns that they can deliver. However, one thing you need to re-think on is— “Not every mid-cap can be tomorrow’s large cap."
So, choose your investment wisely!