Top-performing Mid Cap Mutual Funds with Highest SIP Returns: Rs 25,000 monthly investment in No. 1 fund has grown to Rs 60.18 lakh in 7 years
If you are a beginner exploring the mutual fund world, you may encounter various equity funds, such as large cap, mid cap, and small cap funds. Today, we will take a closer look at the top 5 mid cap mutual funds with the best annualised SIP returns over 7 years, and see how a Rs 25,000 monthly investment has performed in each scheme.
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04:34 PM IST
Mutual funds are a popular way to invest and earn market-linked returns. They come in various types based on stock and asset composition. According to SEBI's 2017 guidelines, companies ranked 101st to 250th in terms of market capitalisation are classified as mid cap companies. Mid cap funds are mutual funds that primarily invest in stocks of mid cap companies. Let's explore the top 5 mid cap mutual funds with the best SIP returns over 7 years.
Motilal Oswal Midcap Fund
In 7 years, Motilal Oswal mid cap fund has given 29.67 per cent annualised SIP returns. Its assets under management (AUM) are Rs 30,401 crore, while its net asset value (NAV) is Rs 115.72. Benchmarked against NIFTY Midcap 150 TRI, the fund has given annualised returns of 24.11 per cent since its launch in February 2014.
With an expense ratio of 0.7 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly SIP of Rs 25,000 and a total investment of Rs 21,00,000 in 7 years, the fund has given a total of Rs 60,18,000.
Edelweiss Mid Cap Direct Plan-Growth
This mid cap fund has delivered a 27.87 per cent annualised SIP return in 7 years. It has a fund size of Rs 10,028 crore and a unit price of Rs 117.17. Its benchmark is the NIFTY Midcap 150 TRI, and since its launch in January 2013, it has achieved an annualised return of 22.57 per cent.
With an expense ratio of 0.4 per cent, the fund’s minimum investment requirements are Rs 500 for SIPs and Rs 5,000 for lump sum. In 7 years, a Rs 25,000 monthly SIP investment has grown to Rs 56,49,000.
Invesco India Mid Cap Fund
In 7 years, Invesco India Mid Cap Fund has given 27.03 per cent annualised SIP returns. Its assets under management (AUM) are Rs 6,641 crore, while its net asset value (NAV) is Rs 210.26. Benchmarked against NIFTY Midcap 150 TRI, the fund has given annualised returns of 21.93 per cent since its launch in February 2014.
With an expense ratio of 0.63 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly SIP of Rs 25,000 and a total investment of Rs 21,00,000 in 7 years, the fund has given a total of Rs 56,49,000.
Nippon India Growth Fund
In 7 years, Nippon India Mid Cap Fund has given 21.95 per cent annualised SIP returns. Its assets under management (AUM) are Rs 36,836 crore, while its net asset value (NAV) is Rs 4,486.61. Benchmarked against NIFTY Midcap 150 TRI, the fund has given annualised returns of 19.09 per cent since its launch in January 2013.
With an expense ratio of 0.72 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly SIP of Rs 25,000 and a total investment of Rs 21,00,000 in 7 years, the fund has given a total of Rs 54,12,000.
HDFC Mid-Cap Opportunities Fund
The HDFC mid cap fund has given 25.93 per cent annualised SIP returns in 7 years. Its assets under management (AUM) are Rs 79,718 crore, while its net asset value (NAV) is Rs 209.23. Benchmarked against NIFTY Midcap 150 TRI, the fund has given annualised returns of 21.29 per cent since its launch in January 2013.
With an expense ratio of 0.77 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly SIP of Rs 25,000 and a total investment of Rs 21,00,000 in 7 years, the fund has given a total of Rs 52,75,000.
Also Read: SIP Calculation: Rs 14,000/month investment, how quickly can you generate over Rs 13 crore corpus?
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