Top performing mid-cap funds in past one year; do you hold them?

Top performing mid-cap funds in past one year; do you hold them?

by 5paisa Research Team Last Updated: Feb 27, 2023 - 10:55 am 678 Views

In last one year, although S&P BSE Mid Cap index delivered positive returns, they were on the lower end. However, there were a lot of funds that delivered double-digit positive returns. Read on to learn more about them.

In last one-year, Indian stock markets outperformed the prominent global indices. S&P BSE Sensex registered returns of 5.84% in last one year, while S&P BSE Mid Cap index and S&P BSE Small Cap index delivered 3.43% and 3.4%, respectively. However, the performance of S&P BSE Sensex was slightly lower than the interest rate offered by bank fixed deposit, while S&P BSE Mid Cap index and S&P BSE Small Cap index were even lower.

Having said that, when it comes to mid-cap mutual funds, out of 25 mid-cap funds, 24 funds outperformed S&P BSE MidCap index. In fact, out of those 25 funds, 14 funds delivered double-digit returns.

Trailing Returns (%)  

YTD  

1 Year  

3 Years  

5 Years  

10 Years  

Category Average  

-2.84  

10.63  

18.68  

11.41  

17.39  

NIFTY Mid-Cap 150 TRI  

-3.72  

7.55  

20.37  

11.98  

17.62  

Source: Advisorkhoj  

As can be seen in the above table, mid-cap mutual funds on an average have performed mostly in line with Nifty Mid-Cap 150 Total Returns Index (TRI). However, during tough times, mid-cap funds have fell less than its benchmark. This is evident from the Year-Till-Date (YTD) returns calculated for the period from January 2, 2023 to February 24, 2023.

Top Performing Mid-Cap Funds in Last One Year

Funds  

Launch  

Net Assets (Rs Crore)  

Expense Ratio (%)  

1-Year Returns (%)  

HDFC Mid-Cap Opportunities Fund  

25-Jun-07  

35,615  

1.76  

19.61  

Motilal Oswal Midcap Fund  

24-Feb-14  

3,663  

2.04  

19.32  

Quant Mid Cap Fund  

09-Mar-01  

1,492  

2.68  

18.43  

Taurus Discovery (Midcap) Fund  

05-Sep-94  

76.00  

2.56  

15.38  

Kotak Emerging Equity Fund  

30-Mar-07  

23,260  

1.69  

14.27  

SBI Magnum Midcap Fund  

29-Mar-05  

8,436  

1.80  

13.21  

Nippon India Growth Fund  

08-Oct-95  

13,492  

1.83  

12.75  

Edelweiss Mid Cap Fund  

26-Dec-07  

2,481  

2.12  

12.28  

Sundaram Mid Cap Fund  

30-Jul-02  

7,102  

1.87  

12.14  

Franklin India Prima Fund  

01-Dec-93  

7,411  

1.88  

11.43 

 

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About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

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