5 Midcap funds with 3-Year annualised returns of up to 29% to add to your watchlist

Mid-cap funds invest in companies ranked between 100 and 250 by market capitalisation size. Larger mid-cap stocks are generally less risky, while smaller ones may offer higher growth potential. These funds are suitable for investors with a 3-4 year horizon who seek high returns and are willing to accept the possibility of moderate losses.

Below are the top five best-performing mid-cap equity mutual funds that have delivered the best performance based on their 3-year annualised returns of up to 29 percent:

Nippon India Growth Mid Cap Fund

With assets under management (AUM) of Rs. 38,581.2 crores, the Nippon India Growth Mid Cap Fund – Direct Plan has delivered 3-year annualised returns of around 25 percent and an absolute return of over 94 percent. The fund’s net asset value (NAV) of Rs. 4,506.7, with an expense ratio of 0.71 percent.

The fund has 98.6 percent allocation to domestic equities, comprising 11.76 percent in large-cap stocks, 41.07 percent in mid-cap stocks, and 13.64 percent in small-cap stocks.

Edelweiss Mid Cap Fund

With assets under management (AUM) of Rs. 11,027 crores, the Edelweiss Mid Cap Fund – Direct Plan has delivered 3-year annualised returns of around 25 percent and an absolute return of around 96 percent. The fund’s net asset value (NAV) of Rs. 117, with an expense ratio of 0.39 percent.

The fund has 95.74 percent allocation to domestic equities, comprising 8.5 percent in large-cap stocks, 29.96 percent in mid-cap stocks, and 22.78 percent in small-cap stocks.

HDFC Mid Cap Fund

With assets under management (AUM) of Rs. 83,847.4 crores, the HDFC Mid Cap Fund – Direct Plan has delivered 3-year annualised returns of around 25 percent and an absolute return of around 97 percent. The fund’s net asset value (NAV) of Rs. 211.6, with an expense ratio of 0.74 percent.

The fund has 92.76 percent allocation to domestic equities, comprising 12.08 percent in large-cap stocks, 46.09 percent in mid-cap stocks, and 9.19 percent in small-cap stocks.

Invesco India Mid Cap Fund

With assets under management (AUM) of Rs. 7,801.8 crores, the Invesco India Mid Cap Fund – Direct Plan has delivered 3-year annualised returns of around 28 percent and an absolute return of around 112 percent. The fund’s net asset value (NAV) of Rs. 217.08, with an expense ratio of 0.55 percent.

The fund has 98.11 percent allocation to domestic equities, comprising 7.21 percent in large-cap stocks, 30.67 percent in mid-cap stocks, and 20.84 percent in small-cap stocks.

Motilal Oswal Mid Cap Fund

With assets under management (AUM) of Rs. 33,608.5 crores, the Motilal Oswal Midcap Fund has delivered 3-year annualised returns of around 29 percent and an absolute return of over 114 percent. The fund’s net asset value (NAV) of Rs. 119.3, with an expense ratio of 0.7 percent. The fund has 82.04 percent allocation to domestic equities, with 14.38 percent in mid-cap stocks, and 5.78 percent in small-cap stocks.

Written by Shivani Singh

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