3 top Crisil-rated midcap funds that have rewarded investors with up to 36% returns in 3 years

Midcap funds have once again gained traction on Dalal Street. In August, this category of funds saw inflow to the tune of Rs 2,512 crore as against Rs 1,623 crore in the previous month, according to data from MF industry body AMFI.

So, if you, as an investor, are willing to take some risk for higher returns and are confident on the prospects of mid-sized companies, here are some of the mutual fund schemes you may consider:

Motilal Oswal Midcap Fund-Regular Plan

This midcap fund offering from the house of Motilal Oswal Mutual Fund is ranked No. 1 by CRISIL. In existence since 2014, the fund has an asset under management of Rs 5,735 crore as on August 31, 2023. Over the last three years, the scheme has given a whopping return to the tune of 36 per cent on an annualised basis. Some of the major stocks in the fund’s portfolio are Jio Financial Services, KPIT Technologies, Deepak Nitrite, Zomato, Coforge and Persistent Systems.   

As on September 29, the NAV of the fund, which carrying an expense ratio of 1.82 per cnet, was at Rs 62.59. Investors can park their funds in the scheme with a minimum capital of Rs 500. They can also start an SIP starting at Rs 500 per month.  

HDFC Midcap Opportunities Fund

This midcap scheme, ranked No. 1 by CRISIL, is again the top performing fund among its peers. As on August 31, the fund, whose performance is benchmarked to the Nifty Midcap 150 TRI, has a sizable asset base of Rs 47,236 crore with an expense ratio of 1.53 per cent. Over the three-year period, the scheme has delivered a 34.36 per cent return on an annual basis. Its NAV was at Rs 132.02 at the last count.  

The scheme’s investments are in stocks including Indian Hotels, Tata Communications, Max Healthcare, Bharat Electronics, Apollo Tyres, Indian Bank and Coforge.  

Investors can deploy a minimum of Rs 100 to invest in the scheme. Likewise, an SIP in the fund can be started with a minimum investment of just Rs 100 a month.  

SBI Magnum Midcap Fund-Regular Plan-Growth

This midcap fund from the stable of SBI Mutual fund has been accorded Rank 2 by CRISIL. Out of the total investment in the category, the fund has managed to garner over 5 per cent share, with a fund size to the tune of Rs 12,555.2  crore.   

As on September 29, the scheme’s NAV is at Rs 180.73 and expense ratio at 1.75 per cent. The fund has delivered a return of 34 per cent in the past three years on an annualised basis, sharply outperforming the category’s average return of 29 per cent.

The scheme has exposure to stocks including CRISIL, Coromandel International, Schaeffler India, Thermax, Page Industries and Indian Hotels Company.