Table of Contents
- What are Mid-Cap Funds?
- Mid Cap Funds (Investing in Mid Cap Stocks)
- Benefits of Investing in Mid Cap Mutual Funds
- Difference Between Large Cap Funds, Mid Cap Funds and Small Cap Funds
- Who Should Invest in Mid Cap Equity Funds?
- Tax on Mid Cap Funds
- How to Invest in Mid Cap Funds Online?
- Best Mid Cap Mutual Funds in India 2022
- Conclusion
Top 10 Equity - Mid Cap Funds
Midcap Mutual Funds
What are 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.
Mid Cap Funds (Investing in Mid Cap Stocks)
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.
Benefits of Investing in Mid Cap Mutual Funds
Some of the benefits of investing in mid-cap funds are:
- Companies that invest in mid-cap have more potential for growth than large-cap
- Mid-cap firms respond faster to new innovations and changes in the market as they tend to be more focused and specialised in their niche
- Mid-cap stocks are lower in volatility than small cap stock
- They often tend to outperform large cap and Small cap funds.
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Difference Between Large Cap Funds, Mid Cap Funds and Small Cap Funds
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:
Investments
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.
Market Capitalization
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.
Companies
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.
Risks
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.
Who Should Invest in Mid Cap Equity Funds?
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.
Tax on Mid Cap Funds
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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Best Mid Cap Mutual Funds in India 2022
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 (%) 2021 (%) Axis Mid Cap Fund Growth ₹59.52
↑ 0.58 ₹17,165 -10.3 -12.6 -1.1 18.1 15.3 39.9 PGIM India Midcap Opportunities Fund Growth ₹38.16
↑ 0.44 ₹5,119 -8.7 -11 5.6 29.1 15.2 63.8 Edelweiss Mid Cap Fund Growth ₹44.633
↑ 0.63 ₹1,918 -8.7 -10.8 1 19.5 12.5 50.3 Kotak Emerging Equity Scheme Growth ₹64.87
↑ 0.60 ₹18,655 -7.7 -8.5 1.6 19.3 12.3 47.3 Invesco India Mid Cap Fund Growth ₹76.13
↑ 0.81 ₹2,230 -10.1 -12.9 0.3 17.2 12.2 43.1 TATA Mid Cap Growth Fund Growth ₹214.719
↑ 2.16 ₹1,510 -10 -10.6 0.8 15.8 11.3 40 Motilal Oswal Midcap 30 Fund Growth ₹41.5903
↑ 0.62 ₹2,624 -5.4 -6.7 19.3 18.9 10.9 55.8 UTI Mid Cap Fund Growth ₹163.463
↑ 2.11 ₹6,373 -8.5 -11.4 1.1 19.1 10.9 43.1 SBI Magnum Mid Cap Fund Growth ₹126.917
↑ 1.92 ₹6,891 -5.3 -7.8 7.1 21.1 10.6 52.2 ICICI Prudential MidCap Fund Growth ₹145.04
↑ 1.54 ₹3,173 -6.7 -9 0.8 15.6 10.2 44.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jun 22
To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid size companies. The focus of the fund would be to invest in relatively larger companies within this category. Axis Mid Cap Fund is a Equity - Mid Cap fund was launched on 18 Feb 11. It is a fund with Moderately High risk and has given a Below is the key information for Axis Mid Cap 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 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 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 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 (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 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 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 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 1. Axis Mid Cap Fund
CAGR/Annualized return of 17% since its launch. Ranked 41 in Mid Cap category. Return for 2021 was 39.9% , 2020 was 26% and 2019 was 11.3% . Axis Mid Cap Fund
Growth Launch Date 18 Feb 11 NAV (24 Jun 22) ₹59.52 ↑ 0.58 (0.98 %) Net Assets (Cr) ₹17,165 on 31 May 22 Category Equity - Mid Cap AMC Axis Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 1.91 Sharpe Ratio 0.41 Information Ratio 0 Alpha Ratio 0 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 31 May 17 ₹10,000 31 May 18 ₹12,442 31 May 19 ₹12,981 31 May 20 ₹12,484 31 May 21 ₹20,451 31 May 22 ₹22,167 Returns for Axis Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -2.3% 3 Month -10.3% 6 Month -12.6% 1 Year -1.1% 3 Year 18.1% 5 Year 15.3% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 2021 39.9% 2020 26% 2019 11.3% 2018 3.5% 2017 42% 2016 -3.1% 2015 0.8% 2014 76.5% 2013 4.1% 2012 52.6% Fund Manager information for Axis Mid Cap Fund
Name Since Tenure Shreyash Devalkar 23 Nov 16 5.52 Yr. Hitesh Das 18 Dec 20 1.45 Yr. Data below for Axis Mid Cap Fund as on 31 May 22
Equity Sector Allocation
Sector Value Consumer Cyclical 20.94% Financial Services 15.44% Industrials 13.24% Technology 12.47% Basic Materials 10.76% Health Care 5.93% Consumer Defensive 2.67% Utility 2.37% Communication Services 1.45% Real Estate 0.08% Asset Allocation
Asset Class Value Cash 14.37% Equity 85.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 29 Feb 16 | CHOLAFIN5% ₹875 Cr 11,844,194 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | ICICIBANK4% ₹670 Cr 9,018,750 Astral Ltd (Industrials)
Equity, Since 30 Nov 17 | ASTRAL3% ₹554 Cr 2,570,603 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Nov 17 | TRENT3% ₹552 Cr 4,494,345 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Jun 17 | BAJFINANCE3% ₹524 Cr 785,000 Coforge Ltd (Technology)
Equity, Since 31 May 20 | COFORGE3% ₹499 Cr 1,188,706
↓ -18,515 Voltas Ltd (Industrials)
Equity, Since 31 May 17 | VOLTAS3% ₹483 Cr 3,827,127
↑ 237,896 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Mar 17 | DMART3% ₹473 Cr 1,198,595 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 18 | BATAINDIA3% ₹451 Cr 2,316,371 PI Industries Ltd (Basic Materials)
Equity, Since 31 Mar 19 | PIIND3% ₹449 Cr 1,576,532 2. PGIM India Midcap Opportunities Fund
CAGR/Annualized return of 16.9% since its launch. Ranked 40 in Mid Cap category. Return for 2021 was 63.8% , 2020 was 48.4% and 2019 was 3.6% . PGIM India Midcap Opportunities Fund
Growth Launch Date 2 Dec 13 NAV (24 Jun 22) ₹38.16 ↑ 0.44 (1.17 %) Net Assets (Cr) ₹5,119 on 31 May 22 Category Equity - Mid Cap AMC Pramerica Asset Managers Private Limited Rating ☆ Risk High Expense Ratio 2.53 Sharpe Ratio 0.76 Information Ratio 1.35 Alpha Ratio 4.66 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 31 May 17 ₹10,000 31 May 18 ₹10,678 31 May 19 ₹9,861 31 May 20 ₹8,889 31 May 21 ₹18,584 31 May 22 ₹21,357 Returns for PGIM India Midcap Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -1.8% 3 Month -8.7% 6 Month -11% 1 Year 5.6% 3 Year 29.1% 5 Year 15.2% 10 Year 15 Year Since launch 16.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 63.8% 2020 48.4% 2019 3.6% 2018 -16.1% 2017 37% 2016 -1.3% 2015 7.9% 2014 42.8% 2013 2012 Fund Manager information for PGIM India Midcap Opportunities Fund
Name Since Tenure Aniruddha Naha 1 Jun 21 1 Yr. Vivek Sharma 1 Jun 21 1 Yr. Kunal Jain 1 Dec 21 0.5 Yr. Data below for PGIM India Midcap Opportunities Fund as on 31 May 22
Equity Sector Allocation
Sector Value Industrials 22.3% Basic Materials 19.5% Financial Services 15.89% Consumer Cyclical 10.97% Technology 10.34% Health Care 7.63% Consumer Defensive 5.39% Utility 2.21% Real Estate 1.91% Communication Services 1.68% Asset Allocation
Asset Class Value Cash 2.17% Equity 97.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Persistent Systems Ltd (Technology)
Equity, Since 30 Nov 21 | PERSISTENT4% ₹210 Cr 486,573 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 22 | HDFCBANK4% ₹187 Cr 1,350,000
↑ 225,000 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TVSMOTOR4% ₹180 Cr 2,750,000
↑ 250,000 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Jun 20 | FEDERALBNK4% ₹178 Cr 18,516,000
↑ 1,500,000 Dalmia Bharat Ltd (Basic Materials)
Equity, Since 31 Jul 21 | DALBHARAT3% ₹175 Cr 1,150,154
↑ 50,000 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 20 | CUMMINSIND3% ₹167 Cr 1,622,298 ABB India Ltd (Industrials)
Equity, Since 30 Sep 21 | ABB3% ₹163 Cr 777,973 Ashok Leyland Ltd (Industrials)
Equity, Since 30 Apr 20 | ASHOKLEY3% ₹159 Cr 12,500,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 30 Jun 21 | VBL3% ₹153 Cr 1,414,293 Timken India Ltd (Industrials)
Equity, Since 30 Sep 21 | TIMKEN3% ₹144 Cr 724,231
↑ 25,000 3. Edelweiss Mid Cap Fund
CAGR/Annualized return of 10.9% since its launch. Ranked 22 in Mid Cap category. Return for 2021 was 50.3% , 2020 was 26.4% and 2019 was 5.2% . Edelweiss Mid Cap Fund
Growth Launch Date 26 Dec 07 NAV (24 Jun 22) ₹44.633 ↑ 0.63 (1.43 %) Net Assets (Cr) ₹1,918 on 31 May 22 Category Equity - Mid Cap AMC Edelweiss Asset Management Limited Rating ☆☆☆ Risk High Expense Ratio 2.26 Sharpe Ratio 0.62 Information Ratio 0.26 Alpha Ratio 1.82 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 31 May 17 ₹10,000 31 May 18 ₹11,696 31 May 19 ₹11,056 31 May 20 ₹9,280 31 May 21 ₹17,400 31 May 22 ₹19,407 Returns for Edelweiss Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -2.5% 3 Month -8.7% 6 Month -10.8% 1 Year 1% 3 Year 19.5% 5 Year 12.5% 10 Year 15 Year Since launch 10.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 50.3% 2020 26.4% 2019 5.2% 2018 -15.7% 2017 52.3% 2016 2.5% 2015 9.4% 2014 83.4% 2013 6.8% 2012 44.7% Fund Manager information for Edelweiss Mid Cap Fund
Name Since Tenure Trideep Bhattacharya 1 Oct 21 0.67 Yr. Sahil Shah 24 Dec 21 0.44 Yr. Data below for Edelweiss Mid Cap Fund as on 31 May 22
Equity Sector Allocation
Sector Value Financial Services 19.18% Basic Materials 17.26% Consumer Cyclical 16.71% Industrials 16.38% Health Care 9.35% Technology 8.24% Utility 4.67% Consumer Defensive 2.45% Real Estate 1.88% Asset Allocation
Asset Class Value Cash 3.77% Equity 96.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 22 | CHOLAFIN4% ₹74 Cr 998,625 ABB India Ltd (Industrials)
Equity, Since 31 Dec 21 | ABB4% ₹69 Cr 328,244
↑ 44,551 Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 28 Feb 19 | CROMPTON3% ₹68 Cr 1,772,558 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | TRENT3% ₹68 Cr 555,254 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Jun 20 | NAVINFLUOR3% ₹67 Cr 171,611
↑ 29,606 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK3% ₹67 Cr 6,988,568 Tata Power Co Ltd (Utilities)
Equity, Since 31 Jul 20 | TATAPOWER3% ₹66 Cr 2,712,240 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Jul 21 | MAXHEALTH3% ₹62 Cr 1,502,551 Persistent Systems Ltd (Technology)
Equity, Since 31 Mar 21 | PERSISTENT3% ₹59 Cr 137,205
↓ -30,416 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 20 | CUMMINSIND3% ₹55 Cr 537,980 4. Kotak Emerging Equity Scheme
CAGR/Annualized return of 13.1% since its launch. Ranked 12 in Mid Cap category. Return for 2021 was 47.3% , 2020 was 21.9% and 2019 was 8.9% . Kotak Emerging Equity Scheme
Growth Launch Date 30 Mar 07 NAV (24 Jun 22) ₹64.87 ↑ 0.60 (0.94 %) Net Assets (Cr) ₹18,655 on 31 May 22 Category Equity - Mid Cap AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.76 Sharpe Ratio 0.71 Information Ratio 0.28 Alpha Ratio 2.54 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 31 May 17 ₹10,000 31 May 18 ₹11,064 31 May 19 ₹10,879 31 May 20 ₹9,056 31 May 21 ₹17,054 31 May 22 ₹19,054 Returns for Kotak Emerging Equity Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -3.1% 3 Month -7.7% 6 Month -8.5% 1 Year 1.6% 3 Year 19.3% 5 Year 12.3% 10 Year 15 Year Since launch 13.1% Historical performance (Yearly) on absolute basis
Year Returns 2021 47.3% 2020 21.9% 2019 8.9% 2018 -11.7% 2017 43% 2016 10.4% 2015 8.4% 2014 87.3% 2013 -5.1% 2012 48% Fund Manager information for Kotak Emerging Equity Scheme
Name Since Tenure Pankaj Tibrewal 21 Jun 10 11.95 Yr. Arjun Khanna 30 Apr 22 0.08 Yr. Data below for Kotak Emerging Equity Scheme as on 31 May 22
Equity Sector Allocation
Sector Value Basic Materials 22.11% Industrials 21.98% Consumer Cyclical 21.3% Financial Services 11.67% Health Care 6.9% Technology 4.04% Consumer Defensive 2.99% Real Estate 2.85% Utility 0.93% Energy 0.78% Communication Services 0.12% Asset Allocation
Asset Class Value Cash 4.34% Equity 95.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 14 | SCHAEFFLER4% ₹865 Cr 3,746,707
↓ -224,855 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 13 | PERSISTENT4% ₹780 Cr 1,805,257 Supreme Industries Ltd (Industrials)
Equity, Since 28 Feb 15 | SUPREMEIND4% ₹776 Cr 3,986,320 Thermax Ltd (Industrials)
Equity, Since 31 Mar 17 | THERMAX3% ₹661 Cr 3,116,715 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Dec 13 | COROMANDEL3% ₹592 Cr 6,618,521 Cummins India Ltd (Industrials)
Equity, Since 31 Oct 19 | CUMMINSIND3% ₹569 Cr 5,526,653
↑ 460,000 Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | SFL3% ₹569 Cr 1,617,502 Oberoi Realty Ltd (Real Estate)
Equity, Since 31 Mar 15 | OBEROIRLTY3% ₹550 Cr 5,731,628
↑ 150,000 SKF India Ltd (Industrials)
Equity, Since 31 Jan 13 | SKFINDIA3% ₹538 Cr 1,600,185
↑ 111,088 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 11 | SOLARINDS3% ₹537 Cr 1,946,755
↑ 15,000 5. Invesco India Mid Cap Fund
CAGR/Annualized return of 14.3% since its launch. Ranked 38 in Mid Cap category. Return for 2021 was 43.1% , 2020 was 24.4% and 2019 was 3.8% . Invesco India Mid Cap Fund
Growth Launch Date 19 Apr 07 NAV (24 Jun 22) ₹76.13 ↑ 0.81 (1.08 %) Net Assets (Cr) ₹2,230 on 31 May 22 Category Equity - Mid Cap AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.04 Sharpe Ratio 0.47 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 31 May 17 ₹10,000 31 May 18 ₹11,201 31 May 19 ₹11,433 31 May 20 ₹10,234 31 May 21 ₹17,259 31 May 22 ₹18,911 Returns for Invesco India Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -2.8% 3 Month -10.1% 6 Month -12.9% 1 Year 0.3% 3 Year 17.2% 5 Year 12.2% 10 Year 15 Year Since launch 14.3% Historical performance (Yearly) on absolute basis
Year Returns 2021 43.1% 2020 24.4% 2019 3.8% 2018 -5.3% 2017 44.3% 2016 1.1% 2015 6.4% 2014 77% 2013 6.2% 2012 41.7% Fund Manager information for Invesco India Mid Cap Fund
Name Since Tenure Pranav Gokhale 29 Mar 18 4.18 Yr. Neelesh Dhamnaskar 18 Jul 18 3.87 Yr. Data below for Invesco India Mid Cap Fund as on 31 May 22
Equity Sector Allocation
Sector Value Consumer Cyclical 23.3% Industrials 18.5% Financial Services 15.82% Basic Materials 12.61% Technology 9.46% Health Care 8.83% Utility 3.37% Communication Services 3.01% Consumer Defensive 2.12% Energy 1.11% Real Estate 0.34% Asset Allocation
Asset Class Value Cash 1.53% Equity 98.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 21 | PERSISTENT4% ₹86 Cr 199,094
↓ -12,454 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Mar 21 | CHOLAFIN3% ₹75 Cr 1,010,838 Sundaram Fasteners Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | SUNDRMFAST3% ₹74 Cr 921,452 Voltas Ltd (Industrials)
Equity, Since 29 Feb 20 | VOLTAS3% ₹73 Cr 577,256
↓ -50,598 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Apr 21 | TRENT3% ₹70 Cr 567,888 Minda Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | MINDAIND3% ₹58 Cr 634,171 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | ICICIBANK2% ₹56 Cr 754,146
↓ -146,084 Craftsman Automation Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | CRAFTSMAN2% ₹54 Cr 242,582 Indian Bank (Financial Services)
Equity, Since 30 Jun 21 | INDIANB2% ₹54 Cr 3,276,602 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 30 Nov 19 | BALKRISIND2% ₹54 Cr 249,765 6. TATA Mid Cap Growth Fund
CAGR/Annualized return of 11.6% since its launch. Ranked 31 in Mid Cap category. Return for 2021 was 40% , 2020 was 24.3% and 2019 was 6.5% . TATA Mid Cap Growth Fund
Growth Launch Date 1 Jul 94 NAV (24 Jun 22) ₹214.719 ↑ 2.16 (1.02 %) Net Assets (Cr) ₹1,510 on 31 May 22 Category Equity - Mid Cap AMC Tata Asset Management Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.31 Sharpe Ratio 0.55 Information Ratio -0.26 Alpha Ratio 1.15 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 31 May 17 ₹10,000 31 May 18 ₹10,862 31 May 19 ₹11,218 31 May 20 ₹9,576 31 May 21 ₹16,619 31 May 22 ₹18,278 Returns for TATA Mid Cap Growth Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -2.3% 3 Month -10% 6 Month -10.6% 1 Year 0.8% 3 Year 15.8% 5 Year 11.3% 10 Year 15 Year Since launch 11.6% Historical performance (Yearly) on absolute basis
Year Returns 2021 40% 2020 24.3% 2019 6.5% 2018 -13% 2017 49.8% 2016 -2.2% 2015 10.8% 2014 80% 2013 6.6% 2012 37.7% Fund Manager information for TATA Mid Cap Growth Fund
Name Since Tenure Abhinav Sharma 30 Jun 21 0.92 Yr. Satish Mishra 30 Jun 21 0.92 Yr. Data below for TATA Mid Cap Growth Fund as on 31 May 22
Equity Sector Allocation
Sector Value Industrials 21.88% Basic Materials 17.29% Financial Services 16.77% Consumer Cyclical 15.28% Health Care 8.31% Technology 7.43% Utility 4.97% Real Estate 3.31% Communication Services 0.9% Consumer Defensive 0.88% Asset Allocation
Asset Class Value Cash 2.99% Equity 97.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Voltas Ltd (Industrials)
Equity, Since 31 May 18 | VOLTAS3% ₹45 Cr 359,000 Persistent Systems Ltd (Technology)
Equity, Since 30 Apr 21 | PERSISTENT3% ₹42 Cr 97,660 PI Industries Ltd (Basic Materials)
Equity, Since 31 Dec 15 | PIIND3% ₹41 Cr 145,000 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Aug 14 | NAVINFLUOR3% ₹39 Cr 100,000
↓ -14,830 Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 21 | ALKEM3% ₹39 Cr 120,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 21 | JINDALSTEL2% ₹38 Cr 700,000 ACC Ltd (Basic Materials)
Equity, Since 31 Mar 21 | ACC2% ₹37 Cr 160,000 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Aug 21 | BHARATFORG2% ₹36 Cr 520,000 Page Industries Ltd (Consumer Cyclical)
Equity, Since 31 Dec 20 | PAGEIND2% ₹36 Cr 8,000 Cummins India Ltd (Industrials)
Equity, Since 31 Mar 21 | CUMMINSIND2% ₹36 Cr 350,000 7. Motilal Oswal Midcap 30 Fund
CAGR/Annualized return of 18.7% since its launch. Ranked 27 in Mid Cap category. Return for 2021 was 55.8% , 2020 was 9.3% and 2019 was 9.7% . Motilal Oswal Midcap 30 Fund
Growth Launch Date 24 Feb 14 NAV (24 Jun 22) ₹41.5903 ↑ 0.62 (1.51 %) Net Assets (Cr) ₹2,624 on 31 May 22 Category Equity - Mid Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.51 Sharpe Ratio 1.58 Information Ratio 0.13 Alpha Ratio 15.42 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 31 May 17 ₹10,000 31 May 18 ₹10,415 31 May 19 ₹10,132 31 May 20 ₹8,048 31 May 21 ₹13,794 31 May 22 ₹17,633 Returns for Motilal Oswal Midcap 30 Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -1.4% 3 Month -5.4% 6 Month -6.7% 1 Year 19.3% 3 Year 18.9% 5 Year 10.9% 10 Year 15 Year Since launch 18.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 55.8% 2020 9.3% 2019 9.7% 2018 -12.7% 2017 30.8% 2016 5.2% 2015 16.5% 2014 2013 2012 Fund Manager information for Motilal Oswal Midcap 30 Fund
Name Since Tenure Abhiroop Mukherjee 24 Feb 14 8.27 Yr. Niket Shah 1 Jul 20 1.92 Yr. Data below for Motilal Oswal Midcap 30 Fund as on 31 May 22
Equity Sector Allocation
Sector Value Consumer Cyclical 28.37% Financial Services 18.99% Industrials 11.95% Real Estate 9.04% Utility 7.89% Basic Materials 6.79% Technology 4.3% Health Care 2.16% Asset Allocation
Asset Class Value Cash 10.49% Equity 89.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 20 | TIINDIA12% ₹331 Cr 1,775,000 Phoenix Mills Ltd (Real Estate)
Equity, Since 30 Apr 20 | PHOENIXLTD8% ₹217 Cr 2,000,000
↑ 54,200 Gujarat Gas Ltd (Utilities)
Equity, Since 30 Sep 21 | GUJGASLTD8% ₹217 Cr 4,500,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Mar 21 | CGPOWER6% ₹161 Cr 8,112,180
↓ -1,512,414 Max Financial Services Ltd (Financial Services)
Equity, Since 31 May 20 | MFSL5% ₹144 Cr 1,900,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | AUBANK5% ₹139 Cr 1,000,000 VIP Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | VIPIND5% ₹133 Cr 2,000,000
↑ 25,000 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Jun 18 | CHOLAFIN5% ₹129 Cr 1,750,000 Barbeque-Nation Hospitality Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | BARBEQUE4% ₹122 Cr 1,003,002
↑ 203,002 Voltas Ltd (Industrials)
Equity, Since 31 Oct 17 | VOLTAS4% ₹120 Cr 950,000 8. UTI Mid Cap Fund
CAGR/Annualized return of 17.2% since its launch. Ranked 36 in Mid Cap category. Return for 2021 was 43.1% , 2020 was 32.7% and 2019 was -0.2% . UTI Mid Cap Fund
Growth Launch Date 7 Apr 04 NAV (24 Jun 22) ₹163.463 ↑ 2.11 (1.31 %) Net Assets (Cr) ₹6,373 on 31 May 22 Category Equity - Mid Cap AMC UTI Asset Management Company Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.13 Sharpe Ratio 0.49 Information Ratio 0.03 Alpha Ratio 0.2 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 31 May 17 ₹10,000 31 May 18 ₹11,088 31 May 19 ₹10,183 31 May 20 ₹8,669 31 May 21 ₹15,800 31 May 22 ₹17,356 Returns for UTI Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -1.2% 3 Month -8.5% 6 Month -11.4% 1 Year 1.1% 3 Year 19.1% 5 Year 10.9% 10 Year 15 Year Since launch 17.2% Historical performance (Yearly) on absolute basis
Year Returns 2021 43.1% 2020 32.7% 2019 -0.2% 2018 -14.9% 2017 42% 2016 3.5% 2015 6.6% 2014 90.4% 2013 9.7% 2012 41.6% Fund Manager information for UTI Mid Cap Fund
Name Since Tenure Ankit Agarwal 30 Aug 19 2.76 Yr. Data below for UTI Mid Cap Fund as on 31 May 22
Equity Sector Allocation
Sector Value Consumer Cyclical 24.72% Industrials 19.07% Financial Services 16.51% Basic Materials 11.97% Health Care 10.7% Technology 7.32% Real Estate 2.78% Consumer Defensive 1.52% Utility 1.23% Energy 0.99% Communication Services 0.27% Asset Allocation
Asset Class Value Cash 2.92% Equity 97.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Mar 12 | CHOLAFIN4% ₹264 Cr 3,567,175 Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Sep 17 | TIINDIA3% ₹235 Cr 1,260,509 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 17 | PIIND3% ₹195 Cr 684,325 Mphasis Ltd (Technology)
Equity, Since 31 Mar 15 | MPHASIS3% ₹184 Cr 648,585 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | FEDERALBNK2% ₹158 Cr 16,464,700 Shriram Transport Finance Co Ltd (Financial Services)
Equity, Since 30 Apr 21 | SRTRANSFIN2% ₹153 Cr 1,272,502
↑ 58,478 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | SCHAEFFLER2% ₹150 Cr 651,800 Voltas Ltd (Industrials)
Equity, Since 31 Dec 19 | VOLTAS2% ₹149 Cr 1,182,826
↑ 27,215 L&T Technology Services Ltd (Technology)
Equity, Since 31 Jul 20 | LTTS2% ₹145 Cr 355,300 Astral Ltd (Industrials)
Equity, Since 30 Sep 19 | ASTRAL2% ₹141 Cr 656,696 9. SBI Magnum Mid Cap Fund
CAGR/Annualized return of 15.9% since its launch. Ranked 28 in Mid Cap category. Return for 2021 was 52.2% , 2020 was 30.4% and 2019 was 0.1% . SBI Magnum Mid Cap Fund
Growth Launch Date 29 Mar 05 NAV (24 Jun 22) ₹126.917 ↑ 1.92 (1.54 %) Net Assets (Cr) ₹6,891 on 31 May 22 Category Equity - Mid Cap AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.1 Sharpe Ratio 1.18 Information Ratio 0.51 Alpha Ratio 8.44 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 31 May 17 ₹10,000 31 May 18 ₹10,113 31 May 19 ₹9,732 31 May 20 ₹7,753 31 May 21 ₹15,045 31 May 22 ₹17,759 Returns for SBI Magnum Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -3.2% 3 Month -5.3% 6 Month -7.8% 1 Year 7.1% 3 Year 21.1% 5 Year 10.6% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 52.2% 2020 30.4% 2019 0.1% 2018 -18% 2017 33.5% 2016 5% 2015 14.9% 2014 71.9% 2013 13.6% 2012 48% Fund Manager information for SBI Magnum Mid Cap Fund
Name Since Tenure Sohini Andani 1 Jul 10 11.93 Yr. Data below for SBI Magnum Mid Cap Fund as on 31 May 22
Equity Sector Allocation
Sector Value Consumer Cyclical 36.76% Financial Services 15.03% Basic Materials 13.91% Industrials 10.17% Health Care 7.31% Real Estate 4.57% Utility 3.81% Consumer Defensive 3.49% Technology 0.57% Communication Services 0.42% Energy 0.18% Asset Allocation
Asset Class Value Cash 3.76% Equity 96.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | SFL6% ₹457 Cr 1,300,000 Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | PAGEIND6% ₹410 Cr 90,000 Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Dec 20 | TIINDIA5% ₹345 Cr 1,846,672 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER4% ₹277 Cr 1,201,830 Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX4% ₹267 Cr 1,261,202 CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL4% ₹264 Cr 717,197
↑ 117,197 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN4% ₹251 Cr 3,400,000 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | CARBORUNIV3% ₹238 Cr 3,100,000 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | MAXHEALTH3% ₹229 Cr 5,530,790 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | INDHOTEL3% ₹210 Cr 8,182,397 10. ICICI Prudential MidCap Fund
CAGR/Annualized return of 16.4% since its launch. Ranked 35 in Mid Cap category. Return for 2021 was 44.8% , 2020 was 19.1% and 2019 was -0.6% . ICICI Prudential MidCap Fund
Growth Launch Date 28 Oct 04 NAV (24 Jun 22) ₹145.04 ↑ 1.54 (1.07 %) Net Assets (Cr) ₹3,173 on 31 May 22 Category Equity - Mid Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.3 Sharpe Ratio 0.4 Information Ratio -0.74 Alpha Ratio -1.34 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 31 May 17 ₹10,000 31 May 18 ₹11,312 31 May 19 ₹11,051 31 May 20 ₹8,085 31 May 21 ₹15,758 31 May 22 ₹17,125 Returns for ICICI Prudential MidCap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -0.5% 3 Month -6.7% 6 Month -9% 1 Year 0.8% 3 Year 15.6% 5 Year 10.2% 10 Year 15 Year Since launch 16.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 44.8% 2020 19.1% 2019 -0.6% 2018 -10.8% 2017 42.9% 2016 4.8% 2015 5.1% 2014 87% 2013 7.5% 2012 40.5% Fund Manager information for ICICI Prudential MidCap Fund
Name Since Tenure Priyanka Khandelwal 15 Jun 17 4.96 Yr. Prakash Goel 2 May 20 2.08 Yr. Data below for ICICI Prudential MidCap Fund as on 31 May 22
Equity Sector Allocation
Sector Value Consumer Cyclical 21.7% Financial Services 20.44% Industrials 12.92% Health Care 10.33% Technology 8.23% Communication Services 6.16% Basic Materials 5.64% Consumer Defensive 3.66% Real Estate 3.58% Utility 0.98% Asset Allocation
Asset Class Value Cash 6.36% Equity 93.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jul 17 | MFSL4% ₹133 Cr 1,759,422 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 17 | FEDERALBNK4% ₹125 Cr 13,000,801 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 17 | INDHOTEL4% ₹123 Cr 4,789,304
↓ -400,000 Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 21 | PERSISTENT4% ₹121 Cr 280,101
↓ -7,054 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | TVSMOTOR3% ₹111 Cr 1,695,726 Minda Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | MINDAIND3% ₹94 Cr 1,028,367 Tata Communications Ltd (Communication Services)
Equity, Since 31 Mar 21 | TATACOMM2% ₹82 Cr 746,128
↑ 50,000 Alkem Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 20 | ALKEM2% ₹80 Cr 245,989 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Jul 17 | FORTIS2% ₹79 Cr 2,958,700 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | PHOENIXLTD2% ₹76 Cr 703,120
Conclusion
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!
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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