Mid cap mutual funds are a popular investment option for many investors in India. These funds aim to generate long term capital appreciation by investing predominantly in mid cap companies. Mid cap companies are seen as having higher growth potential compared to large caps, while being more stable than small caps. Let’s take a look at the best mid cap mutual funds based on their long-term returns.
1. Kotak Emerging Equity Fund
The Kotak Emerging Equity Fund has consistently been one of the top performers in the mid cap category. Over the last 5 years, it has generated an annualized return of 14.89%. Its 10-year return is even more impressive at 16.35% annualized. The fund is managed by Mr. Harsha Upadhyaya who has over 20 years of experience in fund management. The fund has a diversified portfolio across over 30 mid and small cap sectors.
2. Axis Midcap Fund
The Axis Midcap Fund has delivered consistent returns since its inception in 2013. Over the last 5 years, it has given an annualized return of 14.92%. Its 10-year return is 16.15% annualized. The fund is managed by Mr. Jinesh Gopani who has over 17 years of experience in the industry. It invests in a diversified portfolio of over 30 mid cap companies across sectors like auto components, retail, IT and financials.
3. Nippon India Growth Fund
Launched in 1995, Nippon India Growth Fund is one of the oldest mid cap funds in India. Over the last 5 years, it has given an annualized return of 14.28%. Its 10-year return is an impressive 17.15% annualized, making it one of the top performers in the category. The fund invests in over 30 high quality mid and small cap companies across sectors.
4. HDFC Mid Cap Opportunities Fund
Launched in 2009, HDFC Mid Cap Opportunities Fund has consistently outperformed its benchmark and category averages. Over the last 5 years, it has given an annualized return of 11.85%. Its 10-year return is 16.15% annualized. The fund invests in a diversified portfolio of 30-40 high quality mid cap companies.
5. DSP Midcap Fund
DSP Midcap Fund has been one of the consistent top performers in the mid cap category. Over the last 5 years, it has given an annualized return of 9.21%. Its 10-year return is an impressive 15.25% annualized. The fund invests in a diversified portfolio of 30-35 high quality mid cap companies across sectors. The fund managers follow a research-based approach focusing on earnings growth, along with return ratios as well as quality of management.
Conclusion
The above 5 sip investment funds have consistently outperformed their peers over long periods of time through their focus on investing in high quality mid cap companies. Investors looking to build long term wealth should consider these top performing mid cap funds based on their risk appetite and investment horizon. Regular review and rebalancing are also recommended for optimal returns.
Also See:
- 5 Myths of Mutual Funds That Need to Be Debunked
- Which Are The Top Performing Mid Cap Mutual Funds?
- Mutual Fund Advantages and Disadvantages
