Mutual Fund Returns: These mid-cap funds gave over 30 percent in the past 3 years

Evaluating a mutual fund calls for assessing the returns given in the past few years. Although there are several other factors that go into judging a mutual fund’s performance such as macro-economic factors, fund house’s credibility, category and stock allocation of fund scheme, among others. Amid all this, the returns given by the fund scheme is often seen as one of the key criterion of a mutual fund’s future performance.

Here we take a look at the mid cap funds that gave exceptional performance:

According to the latest AMFI (Association of Mutual Funds in India) data, there are 26 mid cap mutual fund schemes with net assets under management (AUMs) of ₹1.68 lakh crore on July 31, 2022. Net inflow in mid cap schemes was ₹1,244.67 crore in July against ₹1,851.67 crore in the preceding month of June.

All the funds in this category delivered returns in double digits in the past three years, and only a few posted lower than 23 percent return. These include Franklin India Prima Fund that gave 19.26 percent, Aditya Birla Sun Life Mid Cap Fund that gave 21.50 percent and DSP Midcap Fund that gave 19.52 percent return.

The top-performing funds in this category delivered over 25 percent in the past three years, as shown in the figure below.

Edelweiss Mid Cap Fund, for instance, gave 27.81 percent in the past three years, HDFC Mid-Cap Opportunities Fund gave 24.16 percent return, Kotak Emerging Equity Fund gave 27.52 percent, Mirae Asset Midcap Fund gave 28.50 percent, PGIM India Midcap Opportunities Fund gave 39.33 percent, the AMFI data reveals.

Quant Mid Cap Fund gave 35.04 percent return, SBI Magnum Midcap Fund gave 30.32 percent and Kotak Emerging Equity Fund gave 27.52 percent in the past three years.

(Regular returns as on Aug 12, 2022; Source: AMFI data)

Five-year returns:

If we take a look at the past five years, the direct returns of mid cap funds were at around 9-10 percent such as IDBI Midcap Fund gave 9.23 percent return and Sundaram Mid Cap Fund gave 9.9 percent. On the other hand, the top-performing fund schemes in this category posted high returns in the range of 15-20 percent.

(Regular returns as on Aug 12, 2022; Source: AMFI data)

As shown in the figure above, Quant Mid Cap Fund gave 19.87 percent return, PGIM India Midcap Opportunities Fund posted 19.48 percent return and Axis Midcap gave 18.47 percent return.

Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment related decision.