Top 5 most conservative mid-cap mutual funds

While conservative mutual funds prioritize capital preservation, some offer a touch more growth potential by including a strategic allocation to stocks. This article explores the most conservative mutual funds that lean towards large-cap stocks, aiming to provide investors with a balanced approach that prioritizes stability while offering the possibility of higher returns compared to purely fixed-income funds.

Following are the five mid-cap mutual fund with highest large-cap holdings:

The Quant Mid Cap Fund – Falling under the Mid Cap Fund category and managed by Quant Mutual Fund, boasts an NAV of Rs 228.6795 as of March 22. It holds a commendable Crisil Rank, indicating above-average performance compared to its peers. The fund size stands at Rs 5421.74 crore, constituting 1.83% of the total investments in its category. With an expense ratio of 0.71%, below the category average of 0.75%, this fund offers a promising avenue for growth-oriented investors seeking exposure to mid-cap equities.

The ICICI Prudential Mid-cap Fund – Falling under the Mid Cap Fund category and managed by ICICI Prudential Mutual Fund, features a Net Asset Value (NAV) of Rs 261.80 as of March 22, 2024, with a growth-oriented approach. It holds a Crisil Rank indicating average performance compared to its peers. The fund boasts a size of Rs 5484.38 crore, constituting 1.85% of the total investment in its category. Its Expense Ratio stands at 1.01%, slightly higher than the category average of 0.75%.

The Tata Mid Cap Growth Fund – Falling under the Mid Cap Fund category and managed by Tata Mutual Fund, boasts a NAV of Rs 399.98 as on 22nd March, 2024, with a growth-oriented approach. With a fund size of Rs 3292.91 crore with 1.11% of the investment in the category, it maintains an expense ratio of 0.79%, slightly above the category average of 0.75%. Its performance, rated as above average among peers by CRISIL, reflects its commitment to delivering consistent growth to investors.

Mahindra Manulife Mid Cap Fund – A direct growth plan, categorized as a Mid Cap Fund under Mahindra Manulife Mutual Fund, boasts an NAV of Rs 29.98 as of March 22, 2024, reflecting a 0.71% change. With a very good performance compared to peers according to its Crisil Rank, the fund holds a size of Rs 2152.78 crore, constituting 0.73% of the investment in its category. Its expense ratio stands at 0.48%, lower than the category average of 0.75%.

Mirae Asset Midcap Fund – A direct Plan in the growth category boasts an NAV of Rs 31.49 as of March 22, 2024, with a minimal expense ratio of 0.57%, significantly lower than the category average of 0.75%. Its Crisil Rank reflects an average performance compared to its peers, with a fund size of Rs 14536.22 crore, constituting 4.91% of the total investment in the Mid Cap Fund category.

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.