Assessing the performance of a mutual fund calls for evaluating the past returns, among other factors. Here we take a look at the returns given by some mid cap funds in the past three and five years.
A mid cap fund is the one which invests a minimum of 65 percent of total assets in mid-cap stocks. They are seen to offer greater growth potential to investors than large cap stocks, and are less volatile and risky than their small cap peers.
The top-performing mid cap funds delivered more than 20 percent return in the past three years. Edelweiss Mid Cap Fund (direct) gave a return of 20.86 percent, according to the AMFI (Association of Mutual Funds in India) data as on June 30, 2022.
Kotak Emerging Equity Fund gave a return of 20.33 percent in past three years. Motiwal Oswal midcap 30 fund gave 20.39 percent return. PGIM India Midcap Opportunities Fund gave a whopping 30.95 percent return, Quant Mid Cap Fund gave 29.24 percent return and SBI Magnum Midcap Fund gave 22.25 percent return.
Three year returns of mid cap funds:
| Mid Cap Funds | 3-year-returns (%) |
| PGIM India Midcap Opportunities | 30.95 |
| Quant Mid Cap Fund | 29.24 |
| Edelweiss Mid Cap Fund | 20.86 |
| Kotak Emerging Equity Fund | 20.33 |
| Motiwal Oswal midcap 30 | 20.39 |
| SBI Magnum Midcap | 22.25 |
(Source: AMFI data as on June 30, 2022)
Five-year returns:
Some schemes earned returns in single digits such as Sundaram Mid Cap Fund got 7.24 percent and Franklin India Prima Fund fetched 8.76 percent to investors.
Here we shortlist the top-performing ones which gave more than 16 percent return to its investors. Quant Mid Cap Fund gave more than 18.63 percent return, Axis Midcap gave 16.69 percent return and Tata Midcap Growth Fund gave 12.83 percent return.
| Mid Cap Funds | 5-year returns (%) |
| Axis Midcap | 16.69 |
| PGIM India Midcap Opportunities Fund | 17.37 |
| Quant Mid Cap Fund | 18.63 |
| Tata Midcap Growth Fund | 12.83 |
(Source AMFI, direct returns as on June 30, 2022)
PGIM India Midcap Opportunities Fund: This mutual fund scheme started on December 2, 2013. The PGIM India Midcap Opportunities Fund has delivered 20.37 percent return since inception. This means if an investor had invested ₹10,000 that time, it would have grown to ₹46,880.
The fund's top stock holdings include Persistent Systems, Cummins India, ABB India, The Federal Bank, HDFC Bank, Dalmia Bharat, TVS Motor Company, Timken India, Ashok Leyland and Sanofi India.
Quant Mid Cap Fund: This scheme was started in March 2001. Its return since inception was 11.98 percent. This means an investment of ₹10,000 invested at the time of inception would have grown to ₹1,11,836.
The fund's top holdings include Ruchi Soya, Ashok Leyland, Indian Hotels, Canara Bank, Bank of Baroda, Tata Communications, Oracle Financial Services, Container Corporation of India, RIL and GMR Infra.