Saturday, July 15, 2023

Best Mid Cap Mutual Funds in 3 years (July 2023): 10 schemes with 34% to 40% SIP returns

 Best-performing Mid Cap Mutual Funds in 3 years ( till July 14, 2023): A majority of Mid Cap Mutual Fund schemes have performed well in three years. As per data on the website of Association of Mutual Funds in India (AMFI) at the time of writing, as many as 10 mid-cap funds have given over 34% returns under their direct plans. The regular plans of these schemes have also given over 32% returns.

Data shows that direct plans of as many as 9 Mid Cap Funds have also beaten the performance of their respective benchmark indices in three years.

10 top-performing Mid Cap Funds in 3 years

Quant Mid Cap Fund

The direct plan of Quant Mid Cap Fund has given 40.82% returns while the regular plan has given 38% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

Motilal Oswal Midcap Fund

The direct plan of Motilal Oswal Midcap Fund has given 40.52% returns while the regular plan has given 38.85% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

SBI Magnum Midcap Fund

The direct plan of SBI Magnum Midcap Fund has given 37.21% returns while the regular plan has given 36.01% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

PGIM India Midcap Opportunities Fund

The direct plan of PGIM India Midcap Opportunities Fund has given 37.90% returns while the regular plan has given 35.58% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

HDFC Mid-Cap Opportunities Fund

The direct plan of HDFC Mid-Cap Opportunities Fund has given 37.03% returns while the regular plan has given 36.08% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

Nippon India Growth Fund

The direct plan of Nippon India Growth Fund has given 36.12% returns while the regular plan has given 35.09% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

Mirae Asset Midcap Fund

The direct plan of Mirae Asset Midcap Fund has given 35.55% returns while the regular plan has given 33.75% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

Edelweiss Mid Cap Fund

The direct plan of Edelweiss Mid Cap Fund has given 35.75% returns while the regular plan has given 33.73% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

Also Read: Best Large and Mid Cap Mutual Funds in 1 year (July 2023): 11 Schemes with 25% to 34% SIP returns

Union Midcap Fund

The direct plan of Union Midcap Fund has given 35.78% returns while the regular plan has given 33.95% returns in 3 years. The scheme tracksS&P BSE 150 MidCap Total Return Index, which has given 34.04% return in 3 years.

Kotak Emerging Equity Fund

The direct plan of Kotak Emerging Equity Fund has given 34.41% returns while the regular plan has given 32.76% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

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