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 (%) PGIM India Midcap Opportunities Fund Growth ₹44.56
↑ 0.60 ₹6,614 15.9 5.3 5.5 37.5 19.1 63.8 Axis Mid Cap Fund Growth ₹68.3
↑ 0.87 ₹19,504 14.5 1.4 -0.7 21.8 17.4 39.9 Motilal Oswal Midcap 30 Fund Growth ₹51.7134
↑ 1.06 ₹3,158 22.4 15.2 23 26.1 15.5 55.8 Kotak Emerging Equity Scheme Growth ₹75.6
↑ 0.87 ₹21,935 15.2 5.9 6.9 25.7 15.3 47.3 Edelweiss Mid Cap Fund Growth ₹52.306
↑ 0.57 ₹2,256 16.6 5.6 5.1 26.3 15.3 50.3 Invesco India Mid Cap Fund Growth ₹87.19
↑ 1.18 ₹2,525 14.2 1.9 1.4 22.7 14.5 43.1 SBI Magnum Mid Cap Fund Growth ₹148.591
↑ 2.52 ₹8,043 14.9 9 12 29.1 14.2 52.2 UTI Mid Cap Fund Growth ₹190.827
↑ 2.46 ₹7,233 15.6 5.4 2.7 25.7 13.5 43.1 HDFC Mid-Cap Opportunities Fund Growth ₹97.918
↑ 1.31 ₹34,227 17.2 7.9 7.6 23.8 13 39.9 TATA Mid Cap Growth Fund Growth ₹244.31
↑ 3.40 ₹1,721 12.7 1.5 1.8 21.2 13 40 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Sep 22
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 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 (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 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 (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 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 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 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 generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-Cap companies. HDFC Mid-Cap Opportunities Fund is a Equity - Mid Cap fund was launched on 25 Jun 07. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Mid-Cap Opportunities 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 1. PGIM India Midcap Opportunities Fund
CAGR/Annualized return of 18.4% 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 (30 Sep 22) ₹44.56 ↑ 0.60 (1.36 %) Net Assets (Cr) ₹6,614 on 31 Aug 22 Category Equity - Mid Cap AMC Pramerica Asset Managers Private Limited Rating ☆ Risk High Expense Ratio 2.53 Sharpe Ratio 0.43 Information Ratio 1.64 Alpha Ratio -0.31 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 30 Sep 17 ₹10,000 30 Sep 18 ₹9,387 30 Sep 19 ₹9,220 30 Sep 20 ₹12,091 30 Sep 21 ₹22,710 Returns for PGIM India Midcap Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -1.1% 3 Month 15.9% 6 Month 5.3% 1 Year 5.5% 3 Year 37.5% 5 Year 19.1% 10 Year 15 Year Since launch 18.4% 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 1.25 Yr. Puneet Pal 16 Jul 22 0.13 Yr. Vivek Sharma 1 Jun 21 1.25 Yr. Data below for PGIM India Midcap Opportunities Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Industrials 25.79% Consumer Cyclical 21.94% Financial Services 14.29% Basic Materials 11.15% Consumer Defensive 6.17% Health Care 5.24% Technology 5.03% Real Estate 3.15% Utility 1.29% Asset Allocation
Asset Class Value Cash 5.96% Equity 94.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity ABB India Ltd (Industrials)
Equity, Since 30 Sep 21 | 5000024% ₹288 Cr 882,705
↓ -95,268 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 5323434% ₹271 Cr 2,750,000 Timken India Ltd (Industrials)
Equity, Since 30 Sep 21 | 5221134% ₹255 Cr 845,081 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Apr 21 | 5008504% ₹247 Cr 8,647,166
↑ 700,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 30 Jun 21 | VBL4% ₹238 Cr 2,304,439 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 22 | HDFCBANK3% ₹219 Cr 1,475,000 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Nov 21 | 5402223% ₹215 Cr 3,713,813
↑ 450,000 Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | CROMPTON3% ₹214 Cr 5,250,000
↑ 2,250,000 Dalmia Bharat Ltd (Basic Materials)
Equity, Since 31 Jul 21 | 5422163% ₹202 Cr 1,312,300 Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 31 Jul 22 | JUBLFOOD3% ₹194 Cr 3,148,000
↑ 2,348,000 2. Axis Mid Cap Fund
CAGR/Annualized return of 18% 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 (30 Sep 22) ₹68.3 ↑ 0.87 (1.29 %) Net Assets (Cr) ₹19,504 on 31 Aug 22 Category Equity - Mid Cap AMC Axis Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 1.82 Sharpe Ratio -0.02 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 30 Sep 17 ₹10,000 30 Sep 18 ₹11,206 30 Sep 19 ₹12,328 30 Sep 20 ₹13,841 30 Sep 21 ₹22,423 Returns for Axis Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -1.1% 3 Month 14.5% 6 Month 1.4% 1 Year -0.7% 3 Year 21.8% 5 Year 17.4% 10 Year 15 Year Since launch 18% 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 5.78 Yr. Hitesh Das 18 Dec 20 1.7 Yr. Data below for Axis Mid Cap Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Consumer Cyclical 24.85% Industrials 15.55% Financial Services 15.42% Basic Materials 11.92% Technology 8.53% Health Care 4.92% Consumer Defensive 2.74% Utility 2% Real Estate 1.16% Communication Services 1.05% Asset Allocation
Asset Class Value Cash 11.28% Equity 88.14% Debt 0.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 29 Feb 16 | CHOLAFIN4% ₹863 Cr 10,923,735 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | ICICIBANK4% ₹800 Cr 9,018,750 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Nov 17 | 5002513% ₹665 Cr 4,724,900 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5000343% ₹574 Cr 785,000 PI Industries Ltd (Basic Materials)
Equity, Since 31 Mar 19 | PIIND3% ₹573 Cr 1,668,542 Astral Ltd (Industrials)
Equity, Since 30 Nov 17 | ASTRAL3% ₹543 Cr 2,596,080 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Mar 17 | 5403763% ₹535 Cr 1,180,653
↓ -17,942 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 18 | 5000433% ₹509 Cr 2,621,227 ABB India Ltd (Industrials)
Equity, Since 31 Oct 21 | 5000023% ₹505 Cr 1,548,703 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 20 | 5008502% ₹460 Cr 16,097,466
↑ 669,658 3. Motilal Oswal Midcap 30 Fund
CAGR/Annualized return of 21.1% 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 (30 Sep 22) ₹51.7134 ↑ 1.06 (2.10 %) Net Assets (Cr) ₹3,158 on 31 Aug 22 Category Equity - Mid Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.51 Sharpe Ratio 1.17 Information Ratio -0.15 Alpha Ratio 12.47 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 30 Sep 17 ₹10,000 30 Sep 18 ₹9,555 30 Sep 19 ₹10,242 30 Sep 20 ₹9,963 30 Sep 21 ₹16,708 Returns for Motilal Oswal Midcap 30 Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month 4.6% 3 Month 22.4% 6 Month 15.2% 1 Year 23% 3 Year 26.1% 5 Year 15.5% 10 Year 15 Year Since launch 21.1% 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 8.52 Yr. Niket Shah 1 Jul 20 2.17 Yr. Data below for Motilal Oswal Midcap 30 Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Consumer Cyclical 27.25% Financial Services 18.33% Industrials 13.87% Real Estate 10.47% Utility 8.22% Basic Materials 7.45% Health Care 3.86% Asset Allocation
Asset Class Value Cash 10.57% Equity 89.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 20 | 54076212% ₹388 Cr 1,715,000 Phoenix Mills Ltd (Real Estate)
Equity, Since 30 Apr 20 | 50310010% ₹302 Cr 2,150,000
↑ 150,000 Gujarat Gas Ltd (Utilities)
Equity, Since 30 Sep 21 | 5393368% ₹259 Cr 5,500,000
↑ 225,000 Campus Activewear Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | 5435238% ₹252 Cr 5,100,000
↓ -140,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Mar 21 | 5000937% ₹236 Cr 10,500,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000345% ₹157 Cr 215,000
↑ 50,000 Voltas Ltd (Industrials)
Equity, Since 31 Oct 17 | VOLTAS5% ₹150 Cr 1,500,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | 5406115% ₹148 Cr 2,335,000 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Jun 18 | CHOLAFIN4% ₹138 Cr 1,750,000 Barbeque-Nation Hospitality Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 5432834% ₹113 Cr 995,212
↓ -4,788 4. Kotak Emerging Equity Scheme
CAGR/Annualized return of 13.9% 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 (30 Sep 22) ₹75.6 ↑ 0.87 (1.17 %) Net Assets (Cr) ₹21,935 on 31 Aug 22 Category Equity - Mid Cap AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.76 Sharpe Ratio 0.49 Information Ratio -0.01 Alpha Ratio 0.57 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 30 Sep 17 ₹10,000 30 Sep 18 ₹9,597 30 Sep 19 ₹10,272 30 Sep 20 ₹11,046 30 Sep 21 ₹19,064 Returns for Kotak Emerging Equity Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -1.2% 3 Month 15.2% 6 Month 5.9% 1 Year 6.9% 3 Year 25.7% 5 Year 15.3% 10 Year 15 Year Since launch 13.9% 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 12.2 Yr. Arjun Khanna 30 Apr 22 0.34 Yr. Data below for Kotak Emerging Equity Scheme as on 31 Aug 22
Equity Sector Allocation
Sector Value Industrials 22.41% Basic Materials 21.72% Consumer Cyclical 21.41% Financial Services 11.87% Health Care 6.71% Technology 2.9% Real Estate 2.89% Consumer Defensive 2.53% Utility 0.77% Energy 0.71% Asset Allocation
Asset Class Value Cash 6.09% Equity 93.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 14 | SCHAEFFLER5% ₹1,059 Cr 3,481,630
↓ -66,870 SKF India Ltd (Industrials)
Equity, Since 31 Jan 13 | SKFINDIA4% ₹813 Cr 1,674,536 Supreme Industries Ltd (Industrials)
Equity, Since 28 Feb 15 | 5099304% ₹784 Cr 3,986,320 Thermax Ltd (Industrials)
Equity, Since 31 Mar 17 | THERMAX3% ₹741 Cr 3,066,715 PI Industries Ltd (Basic Materials)
Equity, Since 30 Apr 18 | PIIND3% ₹710 Cr 2,067,489 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Dec 13 | 5063953% ₹697 Cr 6,618,521 Cummins India Ltd (Industrials)
Equity, Since 31 Oct 19 | 5004803% ₹696 Cr 5,834,086
↑ 242,433 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 11 | SOLARINDS3% ₹635 Cr 1,907,191
↓ -39,564 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 13 | PERSISTENT3% ₹635 Cr 1,805,257 Oberoi Realty Ltd (Real Estate)
Equity, Since 31 Mar 15 | 5332733% ₹633 Cr 6,290,821 5. Edelweiss Mid Cap Fund
CAGR/Annualized return of 11.9% 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 (30 Sep 22) ₹52.306 ↑ 0.57 (1.09 %) Net Assets (Cr) ₹2,256 on 31 Aug 22 Category Equity - Mid Cap AMC Edelweiss Asset Management Limited Rating ☆☆☆ Risk High Expense Ratio 2.12 Sharpe Ratio 0.39 Information Ratio 0.1 Alpha Ratio -1.17 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 30 Sep 17 ₹10,000 30 Sep 18 ₹9,966 30 Sep 19 ₹10,118 30 Sep 20 ₹11,054 30 Sep 21 ₹19,397 Returns for Edelweiss Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -1.1% 3 Month 16.6% 6 Month 5.6% 1 Year 5.1% 3 Year 26.3% 5 Year 15.3% 10 Year 15 Year Since launch 11.9% 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 0.92 Yr. Sahil Shah 24 Dec 21 0.68 Yr. Data below for Edelweiss Mid Cap Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 22.08% Industrials 21.14% Consumer Cyclical 20.1% Basic Materials 13.97% Health Care 8.25% Technology 3.63% Utility 3.27% Real Estate 2.04% Consumer Defensive 1.81% Asset Allocation
Asset Class Value Cash 3.71% Equity 96.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity ABB India Ltd (Industrials)
Equity, Since 31 Dec 21 | 5000025% ₹104 Cr 318,046
↓ -10,198 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 20 | 5004804% ₹88 Cr 738,087
↑ 121,556 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK4% ₹86 Cr 7,374,016 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 5002514% ₹80 Cr 566,697 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 22 | CHOLAFIN3% ₹79 Cr 998,625 Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 28 Feb 19 | CROMPTON3% ₹78 Cr 1,911,996
↑ 139,438 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Jun 20 | 5325043% ₹73 Cr 171,611 Tata Chemicals Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 5007703% ₹62 Cr 551,537 City Union Bank Ltd (Financial Services)
Equity, Since 30 Apr 14 | CUB3% ₹60 Cr 3,347,173
↑ 928,656 Indian Bank (Financial Services)
Equity, Since 31 Jan 21 | 5328143% ₹59 Cr 3,013,391
↑ 321,456 6. Invesco India Mid Cap Fund
CAGR/Annualized return of 15% 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 (30 Sep 22) ₹87.19 ↑ 1.18 (1.37 %) Net Assets (Cr) ₹2,525 on 31 Aug 22 Category Equity - Mid Cap AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.19 Sharpe Ratio 0.24 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 30 Sep 17 ₹10,000 30 Sep 18 ₹10,464 30 Sep 19 ₹10,643 30 Sep 20 ₹12,122 30 Sep 21 ₹19,387 Returns for Invesco India Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -0.5% 3 Month 14.2% 6 Month 1.9% 1 Year 1.4% 3 Year 22.7% 5 Year 14.5% 10 Year 15 Year Since launch 15% 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 4.43 Yr. Data below for Invesco India Mid Cap Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Consumer Cyclical 29.26% Financial Services 16.99% Industrials 15.73% Basic Materials 11.86% Health Care 9.22% Technology 7.03% Real Estate 2.44% Consumer Defensive 1.97% Communication Services 1.06% Asset Allocation
Asset Class Value Cash 4.44% Equity 95.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 30 Apr 21 | 5002513% ₹80 Cr 567,888 Sundaram Fasteners Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | SUNDRMFAST3% ₹77 Cr 921,452 UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | 5325393% ₹73 Cr 1,268,342 Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 21 | PERSISTENT3% ₹70 Cr 199,094 Craftsman Automation Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | 5432763% ₹63 Cr 242,582 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Dec 21 | 5004932% ₹62 Cr 835,373 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | ICICIBANK2% ₹61 Cr 692,674 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Jul 20 | 5004772% ₹61 Cr 3,931,471 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 30 Nov 19 | BALKRISIND2% ₹60 Cr 291,587 Indian Bank (Financial Services)
Equity, Since 30 Jun 21 | 5328142% ₹59 Cr 3,027,690 7. SBI Magnum Mid Cap Fund
CAGR/Annualized return of 16.7% 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 (30 Sep 22) ₹148.591 ↑ 2.52 (1.73 %) Net Assets (Cr) ₹8,043 on 31 Aug 22 Category Equity - Mid Cap AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.1 Sharpe Ratio 0.85 Information Ratio 0.44 Alpha Ratio 6.09 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 30 Sep 17 ₹10,000 30 Sep 18 ₹8,950 30 Sep 19 ₹9,037 30 Sep 20 ₹9,757 30 Sep 21 ₹17,353 Returns for SBI Magnum Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -0.8% 3 Month 14.9% 6 Month 9% 1 Year 12% 3 Year 29.1% 5 Year 14.2% 10 Year 15 Year Since launch 16.7% 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 12.18 Yr. Mohit Jain 30 Nov 17 4.76 Yr. Data below for SBI Magnum Mid Cap Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Consumer Cyclical 37.22% Financial Services 14.62% Basic Materials 14.28% Industrials 10.99% Health Care 6.08% Real Estate 4.25% Utility 3.86% Consumer Defensive 3.1% Technology 0.49% Communication Services 0.35% Energy 0.14% Asset Allocation
Asset Class Value Cash 4.61% Equity 95.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 5328276% ₹459 Cr 90,000 Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Dec 20 | 5407625% ₹418 Cr 1,846,672 Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 5402035% ₹388 Cr 1,300,000 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER5% ₹365 Cr 1,201,830 CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5000924% ₹361 Cr 1,100,000
↑ 100,000 Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX4% ₹305 Cr 1,261,202 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN3% ₹269 Cr 3,400,000 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | 5133753% ₹262 Cr 3,100,000 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5008503% ₹234 Cr 8,182,397 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | 5432203% ₹215 Cr 5,530,790 8. UTI Mid Cap Fund
CAGR/Annualized return of 17.9% 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 (30 Sep 22) ₹190.827 ↑ 2.46 (1.31 %) Net Assets (Cr) ₹7,233 on 31 Aug 22 Category Equity - Mid Cap AMC UTI Asset Management Company Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.13 Sharpe Ratio 0.22 Information Ratio -0.09 Alpha Ratio -3.91 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 30 Sep 17 ₹10,000 30 Sep 18 ₹9,447 30 Sep 19 ₹9,493 30 Sep 20 ₹10,915 30 Sep 21 ₹18,365 Returns for UTI Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -0.3% 3 Month 15.6% 6 Month 5.4% 1 Year 2.7% 3 Year 25.7% 5 Year 13.5% 10 Year 15 Year Since launch 17.9% 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 3.01 Yr. Data below for UTI Mid Cap Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Consumer Cyclical 27.26% Industrials 19.95% Financial Services 17.3% Basic Materials 11.15% Health Care 8.81% Technology 5.83% Real Estate 2.87% Utility 1.92% Consumer Defensive 1.51% Asset Allocation
Asset Class Value Cash 3.24% Equity 96.61% Debt 0.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Sep 17 | 5407624% ₹278 Cr 1,229,064 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Mar 12 | CHOLAFIN3% ₹248 Cr 3,137,175
↓ -330,000 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 17 | PIIND3% ₹235 Cr 684,325 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | FEDERALBNK3% ₹193 Cr 16,464,700 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | SCHAEFFLER3% ₹189 Cr 621,800 Shriram Transport Finance Co Ltd (Financial Services)
Equity, Since 30 Apr 21 | SRTRANSFIN2% ₹172 Cr 1,272,502 City Union Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | CUB2% ₹147 Cr 8,184,230 Mphasis Ltd (Technology)
Equity, Since 31 Mar 15 | 5262992% ₹145 Cr 678,585 Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | CROMPTON2% ₹143 Cr 3,517,819 Astral Ltd (Industrials)
Equity, Since 30 Sep 19 | ASTRAL2% ₹139 Cr 665,143
↑ 8,447 9. HDFC Mid-Cap Opportunities Fund
CAGR/Annualized return of 16.1% since its launch. Ranked 24 in Mid Cap category. Return for 2021 was 39.9% , 2020 was 21.7% and 2019 was 0.2% . HDFC Mid-Cap Opportunities Fund
Growth Launch Date 25 Jun 07 NAV (30 Sep 22) ₹97.918 ↑ 1.31 (1.36 %) Net Assets (Cr) ₹34,227 on 31 Aug 22 Category Equity - Mid Cap AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.81 Sharpe Ratio 0.52 Information Ratio -0.86 Alpha Ratio 1 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,769 30 Sep 19 ₹9,720 30 Sep 20 ₹10,254 30 Sep 21 ₹17,128 Returns for HDFC Mid-Cap Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -0.3% 3 Month 17.2% 6 Month 7.9% 1 Year 7.6% 3 Year 23.8% 5 Year 13% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2021 39.9% 2020 21.7% 2019 0.2% 2018 -11.2% 2017 41.7% 2016 11.3% 2015 5.8% 2014 76.6% 2013 9.6% 2012 39.6% Fund Manager information for HDFC Mid-Cap Opportunities Fund
Name Since Tenure Chirag Setalvad 25 Jun 07 15.19 Yr. Priya Ranjan 1 May 22 0.33 Yr. Data below for HDFC Mid-Cap Opportunities Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Consumer Cyclical 23.57% Financial Services 21.4% Industrials 19.57% Basic Materials 11.06% Health Care 8.31% Technology 6.07% Communication Services 4.6% Consumer Defensive 1.97% Energy 1.22% Asset Allocation
Asset Class Value Cash 2.23% Equity 97.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | 5008505% ₹1,673 Cr 58,604,615 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 19 | BEL5% ₹1,594 Cr 52,000,000
↓ -2,772,500 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 15 | CHOLAFIN4% ₹1,495 Cr 18,918,287
↓ -92,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 21 | 5411544% ₹1,449 Cr 6,312,498 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 21 | 5432204% ₹1,338 Cr 34,463,314
↑ 1,417,803 Sundaram Fasteners Ltd (Consumer Cyclical)
Equity, Since 30 Nov 11 | SUNDRMFAST3% ₹1,100 Cr 13,170,204
↑ 170,204 Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 30 Nov 17 | CROMPTON3% ₹1,084 Cr 26,597,259 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND3% ₹1,002 Cr 4,897,599 SKF India Ltd (Industrials)
Equity, Since 31 Jul 13 | SKFINDIA3% ₹969 Cr 1,996,268
↑ 154,643 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 14 | 5002713% ₹947 Cr 11,483,466
↑ 161,000 10. TATA Mid Cap Growth Fund
CAGR/Annualized return of 12% 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 (30 Sep 22) ₹244.31 ↑ 3.40 (1.41 %) Net Assets (Cr) ₹1,721 on 31 Aug 22 Category Equity - Mid Cap AMC Tata Asset Management Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.2 Sharpe Ratio 0.14 Information Ratio -0.76 Alpha Ratio -4.78 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 30 Sep 17 ₹10,000 30 Sep 18 ₹9,314 30 Sep 19 ₹10,341 30 Sep 20 ₹11,097 30 Sep 21 ₹18,086 Returns for TATA Mid Cap Growth Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -2.1% 3 Month 12.7% 6 Month 1.5% 1 Year 1.8% 3 Year 21.2% 5 Year 13% 10 Year 15 Year Since launch 12% 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 1.17 Yr. Satish Mishra 30 Jun 21 1.17 Yr. Data below for TATA Mid Cap Growth Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Industrials 25.06% Consumer Cyclical 20.26% Financial Services 14.75% Basic Materials 12.54% Health Care 7.83% Technology 6.56% Real Estate 4.14% Utility 3.23% Consumer Defensive 2.05% Communication Services 0.76% Asset Allocation
Asset Class Value Cash 2.32% Equity 97.68% Top Securities Holdings / Portfolio
Name Holding Value Quantity Thermax Ltd (Industrials)
Equity, Since 30 Apr 21 | THERMAX3% ₹56 Cr 229,690
↑ 10,000 Cummins India Ltd (Industrials)
Equity, Since 31 Mar 21 | 5004803% ₹54 Cr 450,275
↑ 75,275 PI Industries Ltd (Basic Materials)
Equity, Since 31 Dec 15 | PIIND3% ₹50 Cr 145,000 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Aug 14 | 5325042% ₹43 Cr 100,000 CRISIL Ltd (Financial Services)
Equity, Since 31 Jan 22 | 5000922% ₹41 Cr 123,901
↑ 45,000 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | EICHERMOT2% ₹40 Cr 117,857
↑ 117,857 The Federal Bank Ltd (Financial Services)
Equity, Since 31 May 18 | FEDERALBNK2% ₹39 Cr 3,300,000 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Aug 21 | 5004932% ₹39 Cr 520,000 Phoenix Mills Ltd (Real Estate)
Equity, Since 30 Nov 21 | 5031002% ₹38 Cr 271,636 Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | JUBLFOOD2% ₹37 Cr 600,000
↑ 50,000
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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