Moneycontrol PRO
Open App

Momentum Mid-caps | Some ULIP mid-cap funds deliver up to 20% returns through 10 years

Like mutual fund schemes, ULIP mid-cap funds offered by insurance companies have paid off, if you held on to them for the long term

August 21, 2022 / 10:56 AM IST

Though they are criticised for their high charges and low transparency, Unit-Linked Insurance Plans (ULIPs) offered by life insurance companies have been among investment destinations for long-term investors. Like mutual fund schemes, ULIP mid-cap funds offered by insurance companies have paid off, if you held on to them for the long term. Currently, there are 20 ULIP mid-cap funds managing a corpus of about Rs 45,000 crore. Here is the list of ULIP mid-cap funds compiled from Morningstar India, which delivered a compounded annual growth rate (CAGR) of up to 20 percent over the last 10 years. However, many of them underperformed the Nifty Midcap 100 – TRI that clocked 16.6 percent during the period. Meanwhile, mid-cap funds offered by mutual funds delivered an average return of 18.6 percent during the period. Only ULIP funds offered for individuals were considered for the study. Group, pension and health ULIP funds were excluded. Returns were as of August 5, 2022. Portfolio data were as of July 2022. Source: Morningstar India. Though they are criticised for their high charges and low transparency, Unit-Linked Insurance Plans (ULIPs) offered by life insurance companies have been among investment destinations for long-term investors. Like mutual fund schemes, ULIP mid-cap funds offered by insurance companies have paid off, if you held on to them for the long term. Currently, there are 20 ULIP mid-cap funds managing a corpus of about Rs 45,000 crore. Here is the list of ULIP mid-cap funds compiled from Morningstar India, which delivered a compounded annual growth rate (CAGR) of up to 20 percent over the last 10 years. However, many of them underperformed the Nifty Midcap 100 – TRI that clocked 16.6 percent during the period. Meanwhile, mid-cap funds offered by mutual funds delivered an average return of 18.6 percent during the period. Only ULIP funds offered for individuals were considered for the study. Group, pension and health ULIP funds were excluded. Returns were as of August 5, 2022. Portfolio data were as of July 2022. Source: Morningstar India.

ULIP fund name: Tata AIA Life - Whole Life Mid-Cap Equity Fund 10-year return (CAGR): 20% Fund manager: Rajeev Tewari Top 5 stocks: Cholamandalam Investment and Finance, Federal Bank, AIA Engineering, AU Small Finance Bank, Ashok Leyland. ULIP fund name: Tata AIA Life - Whole Life Mid-Cap Equity Fund
10-year return (CAGR): 20%
Fund manager: Rajeev Tewari
Top 5 stocks: Cholamandalam Investment and Finance, Federal Bank, AIA Engineering, AU Small Finance Bank, Ashok Leyland.

ULIP fund name: Aditya Birla Sun Life - Individual Multiplier Fund 10-year return (CAGR): 17.3% Fund manager: Bhaumik Bhatia Top 5 stocks: Tata Power, Ashok Leyland, Federal Bank, Bharat Electronics, MTAR Tech. ULIP fund name: Aditya Birla Sun Life - Individual Multiplier Fund
10-year return (CAGR): 17.3%
Fund manager: Bhaumik Bhatia
Top 5 stocks: Tata Power, Ashok Leyland, Federal Bank, Bharat Electronics, MTAR Tech.

ULIP fund name: Reliance Life Midcap Fund 2 10-year return (CAGR): 17% Fund manager: Biswarup Mohapatra Top 5 stocks: Tata Power, Bharat Electronics, Voltas, Ashok Leyland, Trent. ULIP fund name: Reliance Life Midcap Fund 2
10-year return (CAGR): 17%
Fund manager: Biswarup Mohapatra
Top 5 stocks: Tata Power, Bharat Electronics, Voltas, Ashok Leyland, Trent.

ULIP fund name: Reliance Life Midcap Fund 1 10-year return (CAGR): 16.6% Fund manager: Deepak Gupta Top 5 stocks: Tata Power, Bharat Electronics, Voltas, Trent, Ashok Leyland. ULIP fund name: Reliance Life Midcap Fund 1
10-year return (CAGR): 16.6%
Fund manager: Deepak Gupta
Top 5 stocks: Tata Power, Bharat Electronics, Voltas, Trent, Ashok Leyland.

Close

ULIP fund name: Max Life High Growth Fund 10-year return (CAGR): 16.3% Fund managers: Saurabh Kataria, Naresh Kumar and Rohit Tandon Top 5 stocks: Bharat Electronics, Ashok Leyland, SRF, Fortis Healthcare, Laurus Lab. ULIP fund name: Max Life High Growth Fund
10-year return (CAGR): 16.3%
Fund managers: Saurabh Kataria, Naresh Kumar and Rohit Tandon
Top 5 stocks: Bharat Electronics, Ashok Leyland, SRF, Fortis Healthcare, Laurus Lab.

ULIP fund name: Bajaj Allianz Life - Accelerator Mid Cap Fund II
10-year return (CAGR): 16%
Fund manager: Anshul Mishra
Top 5 stocks: Bharat Forge, HDFC Ltd, Voltas, Ramco Cement, BASF India.

ULIP fund name: HDFC Life - Opportunities Wealth Builder Fund
10-year return (CAGR): 15.6%
Fund manager: Nishit Dholakia
Top 5 stocks: AU Small Finance Bank, Page Industries, Mphasis, Tata Power, Voltas.

ULIP fund name: Bajaj Allianz Life - Accelerator Mid Cap Fund
10-year return (CAGR): 15.4%
Fund manager: Anshul Mishra
Top 5 stocks: ABB India, Indian Hotels Co, Varun Beverages, Shriram Transport Finance, Persistent Systems.

ULIP fund name: HDFC Life - Mid Cap Life Fund
10-year return (CAGR): 15%
Fund manager: Priyank Singhal
Top 5 stocks: Bajaj Holdings and Investments, Tata Power, Crompton Greaves Consumer Electricals, M&M Financial Services, Alkem Lab.
Disclaimer: The views and investment tips of experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

 
Dhuraivel Gunasekaran
Sections
ISO 27001 - BSI Assurance Mark