In the last year, around 23 midcap mutual funds, which are investment options focused on mid-sized companies, have done better than their benchmarks, or market standards. Out of about 29 midcap funds, this means 79% of them outperformed their benchmarks. This is great news because it shows that most funds are making good returns for their investors!
For example, the Aditya Birla SL Midcap Fund earned a return of 18.14%, while its benchmark, the Nifty Midcap 150 – TRI, earned 17.16%. Similarly, both the Axis Midcap Fund and Bandhan Midcap Fund beat their market benchmarks.
Some of the top performers included:
– Franklin India Prima Fund: Gained 24.68%.
– HDFC Mid-Cap Opportunities Fund: Gained 20.52%.
– Kotak Emerging Equity Fund: Gained 26.61%.
– Motilal Oswal Midcap Fund: Gained an impressive 36.17%.
– Nippon India Growth Fund: Earned 21.41%.
Meanwhile, some funds did not perform well:
– Mirae Asset Midcap Fund: Only gained 13.87% while its benchmark was 17.16%.
– Tata Mid Cap Growth Fund: Earned 16.62%.
– Taurus Mid Cap Fund: Made just 6.78%.
– UTI Mid Cap Fund also didn’t beat its benchmark.
On average, mid-cap funds provided a return of about 21.11% over the past year, while their benchmarks, Nifty Midcap 150 – TRI and BSE 150 MidCap – TRI, earned 17.16% and 18.21%, respectively.
This analysis looks at all mid-cap funds and compares how well they did against their benchmarks. But remember, don’t rush into investing just based on these numbers! It’s important to think about your own risk level, goals, and how long you want to invest.
Disclaimer: The views of experts mentioned in this article are their own and not necessarily those of The Economic Times. If you have questions about mutual funds, you can reach out to us on social media or by email for answers!
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