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5 midcap funds that gave 71-88% returns in the last one year

These five schemes were among the seven funds that outperformed the Nifty Midcap 150 TRI

August 18, 2021 / 08:52 AM IST
Thanks to the broader market rally from April 2020, many midcap stocks have been on fire. Not surprisingly, midcap funds have done well on a standalone basis. However, it is important to note that only seven of the 27 midcap funds surpassed the Nifty Midcap 150 TRI return of 69 percent in the last one year, according to data from ACEMF. Here are five of those, with assets in excess of Rs 1000 crore.
Thanks to the broader market rally from April 2020, many midcap stocks have been on fire. Not surprisingly, midcap funds have done well on a standalone basis. However, it is important to note that only seven of the 27 midcap funds surpassed the Nifty Midcap 150 TRI return of 69 percent in the last one year, according to data from ACEMF. Here are five of those, with assets in excess of Rs 1000 crore.
PGIM India Midcap Opportunities Fund topped the charts with a whopping 88 percent returns in the last one year. Early focus on software, chemicals and healthcare segments helped the fund outperform. It manages assets of Rs 2383 crore and charges an expense ratio of 2.26 percent on its regular plan.
PGIM India Midcap Opportunities Fund topped the charts with a whopping 88 percent returns in the last one year. Early focus on software, chemicals and healthcare segments helped the fund outperform. It manages assets of Rs 2383 crore and charges an expense ratio of 2.26 percent on its regular plan.
Mirae Asset Midcap Fund is the next in the list with 76 percent returns in the last one year. It identified firms in the consumer non-durables, pharmaceuticals and industrial products spaces that did exceedingly well. The fund manages assets of Rs 5927 crore and charges an expense ratio of 1.88 percent.
Mirae Asset Midcap Fund is the next in the list with 76 percent returns in the last one year. It identified firms in the consumer non-durables, pharmaceuticals and industrial products spaces that did exceedingly well. The fund manages assets of Rs 5927 crore and charges an expense ratio of 1.88 percent.
SBI Magnum Micap Fund recorded nearly 74 percent returns in the last one year. Getting into industrial manufacturing and consumer goods helped. The scheme has Rs 5929 crore in assets and levies an expense ratio of 2.08 percent.
SBI Magnum Micap Fund recorded nearly 74 percent returns in the last one year. Getting into industrial manufacturing and consumer goods helped. The scheme has Rs 5929 crore in assets and levies an expense ratio of 2.08 percent.
By delivering 72 percent returns in the last one year, Edelweiss Midcap fund features in the fourth position. It holds Rs 1600 crore in assets and charges an expense ratio of 2.12 percent. Financial services and industrial manufacturing helped the fund's outperformance.
By delivering 72 percent returns in the last one year, Edelweiss Midcap fund features in the fourth position. It holds Rs 1600 crore in assets and charges an expense ratio of 2.12 percent. Financial services and industrial manufacturing helped the fund's outperformance.
Kotak Emerging Equity Fund delivered a healthy 71 percent in the last one year. It is one of the larges midcap funds with Rs 15193 crore assets under management. It charges 1.82 percent. Exposure to Industrial products, cement and banks aided its strong performance.
Kotak Emerging Equity Fund delivered a healthy 71 percent in the last one year. It is one of the larges midcap funds with Rs 15193 crore assets under management. It charges 1.82 percent. Exposure to Industrial products, cement and banks aided its strong performance.
Despite the seemingly healthy performance, for a majority of the midcap funds, it has been a struggle to beat the benchmark index. Hence the choice of scheme becomes very important in the midcap space. These funds are not recommendations. You must do your research and zero in on a suitable scheme or ask for help from an advisor.
Despite the seemingly healthy performance, for a majority of the midcap funds, it has been a struggle to beat the benchmark index. Hence the choice of scheme becomes very important in the midcap space. These funds are not recommendations. You must do your research and zero in on a suitable scheme or ask for help from an advisor.
Venkatasubramanian K
first published: Aug 18, 2021 08:52 am
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