scorecardresearchThese mid cap funds gave greater than 30 percent return in past three years

These mid cap funds gave greater than 30 percent return in past three years

Updated: 24 May 2022, 07:52 AM IST
TL;DR.

There are only two mutual fund schemes that gave greater than 30 percent return in past 3 years, and as many schemes gave more than 20 percent in past one year

Mid cap funds invest predominantly in in mid cap stocks.

Mid cap funds invest predominantly in in mid cap stocks.

Not many mutual fund houses managed to deliver impressively high returns i.e., more than 20 percent in the past one year under the mid-cap category. However, there are two fund schemes – Motilal Oswal Midcap 30 Fund and Quant Mid Cap Fund — that posted high returns in the year ending May 20, 2022.

Three-year returns

At the same time, when we evaluate past three-year returns, the number of fund schemes that delivered annualised returns higher than 20 percent per annum were nearly a dozen. And two schemes gave as high as 30 percent returns which are PGIM India Midcap Opportunities Fund and Quant Mid Cap Fund .

What are mid cap funds

These are the funds that invest predominantly in in mid cap stocks. Mid cap stocks refer to the 101st to 250th company in terms of full-market capitalisation.

 

Fund schemes that gave higher than 20 percent in past one year

Fund Scheme  Return (%)
Motilal Oswal Midcap 30 Fund30.16   
Quant Mid Cap Fund  22.76

(Source: AMFI data as on May 20, 2022 )

 

About Motilal Oswal Midcap 30 Fund: The investment objective of the scheme is to achieve long term capital appreciation by investing in a maximum of 30 quality midcap companies having long-term competitive advantages and potential for growth. However, there can be no assurance or guarantee. 

The top 10 holdings in the portfolio as on March 31, 2022 are Tube Investments of India, Gujarat Gas, Phoenix Mills, CG Power and Industrial Solutions, VIP Industries, Max Financial Services, and others as shown in the image below.

Article
Allocation of Motilal Oswal Midcap 30 Fund

About Quant Mid Cap Fund: The primary investment objective of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio of Mid Cap companies. But the fund house, in its scheme information document, mentions that there is no assurance that the scheme will realise its investment objective.

To achieve the investment objective, the scheme invests primarily in equity and equity linked instruments of Mid Cap companies as defined by SEBI, states the scheme information document.

The underlying theme driving the relative allocation will be qMML research’s ability to identify cross asset, cross market inflexion points.

 

Funds that gave higher than 20 percent return in three years

Fund scheme                                                               Return (%)
PGIM India Midcap Opportunities Fund                   32.36
Quant Mid Cap Fund                                           32.55
SBI Magnum Midcap Fund                                     23.48
Edelweiss Mid Cap Fund                                        23.21
Kotak Emerging Equity Fund                                     22.69
Mahindra Manulife Mid Cap Unnati Yojana             22.63
Baroda BNP Paribas Midcap Fund                   21.69
Axis Midcap                                                      21.00
Invesco India Mid Cap Fund                                 20.26

(Source: AMFI data as on May 20, 2022)

As we can see the maximum returns were given by PGIM India Midcap Opportunities Fund and Quant Mid Cap Fund of 32.36 percent and 32.55 percent, respectively.

Other fund schemes gave more than 20 percent returns at 23.48 percent by SBI Magnum Midcap Fund and 23.21 percent by Edelweiss Mid Cap Fund.

Also, Kotak Emerging Equity Fund gave a return of 22.69 percent and Mahindra Manulife Mid Cap Unnati Yojana gave a return of 22.63 percent. UTI Mid Cap Fund gave a return of 20.38 percent and Nippon India Growth Fund gave a return of 20.11 percent.

First Published: 24 May 2022, 07:52 AM IST