Mid-Cap Mutual Funds Top Performing Schemes for FY 2019-20 in Mid-Cap Category
What is a Mid Cap Fund? • It is a mutual fund that predominantly invests in equities of mid cap companies • Firms which rank between 100th to 251st position in terms of market capitalisation are called mid cap companies
• Mid-cap funds possess higher risk than large-cap funds but can provide better returns as the companies in the mid-cap section have plenty of opportunities to grow and are more stable than small-cap industries.
Top Performing Mid-Cap Funds for 2019 Mid-cap stocks are recovering from downtrends of 2018 and can be quite beneficial for 2019. Following mid-cap funds are much likely to be the top performers in FY 2019-20.
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L&T Midcap Fund DSP Midcap Fund Invesco India Mid Cap Fund ICICI Prudential Midcap Fund Kotak Emerging Equity Scheme
Basic Comparison Launch Date
AUM (Rs crore)
Expense Ratio
Standard Deviation
L&T Midcap Fund
9-Aug-04
4,390
2.13%
15.19
DSP Midcap Fund
14-Nov-06
6,134
2.01%
15.57
Invesco India Mid Cap Fund
19-Apr-07
349
2.47%
15.04
ICICI Prudential Midcap Fund
28-Oct-04
1,689
2.41%
14.39
Kotak Emerging Equity Scheme
30-Mar-07
4,091
2.29%
15.09
L&T Midcap Fund Trailing Returns Time Period
1 year
3 year
5 year
10 year
Fund
-6.58
17.04
21.73
22.75
Benchmark
-6.14
13.72
17.34
18.02
Category Average
-5.86
12.58
18.01
21.49
L&T Midcap Fund has been a consistent performer and has delivered outstanding returns in the positive as well as negative market conditions.
DSP Midcap Fund Trailing Returns Time Period
1 year
3 year
5 year
10 year
Fund
-3.89
14.84
19.94
22.64
Benchmark
-6.32
13.57
17.84
17.83
Category Average
-5.68
12.45
18.56
21.29
DSP Midcap Fund is a highly chosen mid-cap scheme which has delivered high returns in the long term and has been much impressive in the negative market conditions.
Invesco India Mid Cap Fund Trailing Returns Time Period
1 year
3 year
5 year
10 year
Fund
0.26
14.26
19.19
23.6
Benchmark
-6.32
13.57
17.84
17.83
Category Average
-5.68
12.45
18.56
21.29
Invesco India Mid Cap Fund is a less volatile mid-cap scheme but can be highly beneficial in the favourable market conditions.
ICICI Prudential Midcap Fund Trailing Returns Time Period
1 year
3 year
5 year
10 year
Fund
-5.42
14.11
18.9
20.24
Benchmark
-8.28
14.03
19.62
19.53
Category Average
-5.68
12.45
18.56
21.29
ICICI Prudential Midcap Fund has higher allocation in small-cap stocks but is less volatile and has delivered consistent returns in the long term.
Kotak Emerging Equity Scheme Trailing Returns Time Period
1 year
3 year
5 year
10 year
Fund
-4.6
14.32
22.28
20.65
Benchmark
-6.32
13.57
17.84
17.83
Category Average
-5.68
12.45
18.56
21.29
Kotak Emerging Equity Scheme has been quite beneficial in recent years and has the potential to deliver highest returns in the category.
Who Should Invest in Mid-Cap Funds? • Investors who seek for long term capital gains from mid-cap stocks. • Investors must be prepared to take high risk • Investments should be held for more than 5 years for better returns • Conservative or short term investors should avoid these schemes • Investors must not choose a mid cap fund as only scheme in the portfolio
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Disclaimer: The information and suggestions of the funds in the presentation are for informative purpose only. The facts and figures in the presentation are as per the sources which include ValueResearch and Moneycontrol as on 15-4-2019. Mutual fund investments are subject to market risk. Read all the scheme related documents carefully.