Top 5 Mid Cap Mutual Funds with best SIP returns in 3 years: See how Rs 25,000 monthly investment has grown in each scheme
If you are a beginner just exploring the mutual fund world, you may come across different equity funds, such as large cap, mid cap, and small cap funds. Today, we will go through the top 5 mid cap mutual funds with the best annualised SIP returns in 3 years to see how a Rs 25,000 monthly investment has grown in each scheme.
Mutual funds are one of the popular ways to invest money to get market-linked returns. There are several mutual funds available based on stock and asset composition. According to a rule established by the Securities and Exchange Board of India (SEBI) in the year 2017, companies ranked from 101st to 250th in terms of market capitalisation are considered mid-cap companies. Mutual funds that hold the majority of mid cap company stocks are called mid-cap funds. On that note, let’s take a look at the top 5 mid cap mutual funds with the best SIP returns in 3 years.
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Motilal Oswal Midcap Fund
In 3 years, Motilal Oswal mid cap fund has given 28.69 per cent annualised SIP returns. Its assets under management (AUM) are Rs 23,704 crore, while its net asset value (NAV) is Rs 105.82. Benchmarked against NIFTY Midcap 150 TRI, the fund has given annualised returns of 23.69 per cent since its launch in February 2014.
Motilal Oswal Midcap Fund
With an expense ratio of 0.68 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 9,00,000 in 3 years, the fund has given a total of Rs 13,58,000. The fund has 64.91 per cent mid cap stocks in its equity holdings.
Edelweiss Mid Cap Fund
This mid cap fund has delivered a 25.25 per cent annualised SIP return in 3 years. It has a fund size of Rs 7,729 crore and a unit price of Rs 103.93. Its benchmark is the NIFTY Midcap 150 TRI, and since its launch in January 2013, it has achieved an annualised return of 21.86 per cent.
Edelweiss Mid Cap Fund
With an expense ratio of 0.41 per cent, the fund’s minimum investment requirements are Rs 500 for SIPs and Rs 5,000 for lump sum. In 3 years, a Rs 25,000 monthly SIP investment has grown to Rs 12,96,000. The fund has 73.51 per cent mid cap stocks in its equity holdings.
Invesco India Mid Cap Fund
In the 3 years, the Invesco India mid cap fund has given 25.10 per cent annualised SIP returns. It has an AUM of Rs 5,247 crore, while its NAV is Rs 180.85. Benchmarked against the BSE 150 MidCap TRI, the fund has given annualised returns of 20.91 per cent since its launch in January 2013.
Invesco India Mid Cap Fund
With an expense ratio of 0.65 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. In 3 years, the fund has given a total of Rs 12,94,000. The fund has 64.75 per cent mid cap stocks in its equity holdings.
Mahindra Manulife Mid Cap Fund
In 3 years, the Mahindra Manulife mid cap fund has given 23.91 per cent annualised SIP returns. Its assets under management (AUM) are Rs 3,067 crore, while its net asset value (NAV) is Rs 34.05. Benchmarked against NIFTY Midcap 150 TRI, the fund has given annualised returns of 18.67 per cent since its launch in January 2018.
Mahindra Manulife Mid Cap Fund
With an expense ratio of 0.49 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 9,00,000 in 3 years, the fund has given a total of Rs 12,73,000. The fund has 66.03 per cent mid cap stocks in its equity holdings.
HDFC Mid-Cap Fund
The HDFC mid cap fund has given 23.71 per cent annualised SIP returns in 3 years. Its assets under management (AUM) are Rs 67,579 crore, while its net asset value (NAV) is Rs 189.94. Benchmarked against NIFTY Midcap 150 TRI, the fund has given annualised returns of 20.08 per cent since its launch in January 2013.
HDFC Mid-Cap Fund
With an expense ratio of 0.83 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 9,00,000 in 3 years, the fund has given a total of Rs 12,69,000. The fund has 66.67 per cent mid cap stocks in its equity holdings.