Mid cap funds are pooled investments focusing on companies with a market capitalisation in the mid-range of listed stocks ranging between ₹5,000 to ₹20,000 crore. These mid-sized companies typically offer higher returns than large-cap firms while presenting lower risks compared to small-cap funds. For those seeking investment options, here is a guide to the top mid cap mutual funds available in November 2024.
| Mid-cap funds | AUM (in ₹cr.) | 1Y CAGR (%) | 5Y CAGR (%) | Expense Ratio (%) |
| Quant Mid Cap Fund – Direct Plan – Growth | 9,500.70 | 45.34 | 34.98 | 0.58 |
| Motilal Oswal Midcap Fund | 18,604.02 | 74.62 | 33.91 | 0.58 |
| Edelweiss Mid Cap Fund – Direct Plan – Growth | 7,755.06 | 61.91% | 31.98 | 0.36 |
| PGIM India Midcap Opportunities Fund – Direct Plan – Growth | 11,700.09 | 36.25 | 31.26 | 0.45 |
| Nippon India Growth Fund – Direct Plan – Growth | 35,208.97 | 52.58 | 31.09 | 0.77 |
NOTE: The above-mentioned top mid cap funds are for informational purposes only and are not recommendations. The funds are based on 5-yr CAGR as of October 31, 2024, which is subject to change frequently. Check out real-time data on Angel One.
With an AUM of ₹9,500.70 crore, this fund achieved a 1-year CAGR of 45.34% and a 5-year CAGR of 34.98%. Known for its low expense ratio of 0.58%, it has provided strong returns for investors seeking mid-cap exposure with cost efficiency.
Boasting an AUM of ₹18,604.02 crore, this fund has delivered impressive returns with a 1-year CAGR of 74.62% and a 5-year CAGR of 33.91%. It maintains an expense ratio of 0.58%, offering good growth potential within the mid-cap space.
With an AUM of ₹7,755.06 crore, Edelweiss Mid Cap Fund has a 1-year CAGR of 61.91% and a 5-year CAGR of 31.98%. This fund’s expense ratio of 0.36% makes it an appealing economic choice for investors focused on long-term growth.
This fund has an AUM of ₹11,700.09 crore, posting a 1-year CAGR of 36.25% and a 5-year CAGR of 31.26%. With an expense ratio of 0.45%, it might be suitable for investors seeking moderate growth within mid-cap assets.
Holding the largest AUM at ₹35,208.97 crore, this fund has delivered a 1-year CAGR of 52.58% and a 5-year CAGR of 31.09%. Although it has a higher expense ratio of 0.77%, it might be suitable for those seeking steady returns in the mid-cap segment.
Mid cap mutual funds are ideal for investors willing to accept moderate risk. They fall between large-cap funds, which carry lower risk, and small-cap funds, which entail higher risk. These funds might suit long-term investors, as they have historically shown strong performance over extended periods. Additionally, investors can start with a minimal investment, beginning as low as ₹500.
Mid cap mutual funds offer a balanced approach for investors looking for moderate risk with potential for higher returns. These top-performing funds provide various options based on expense ratios, fund manager expertise, and risk profiles, allowing investors to align choices with their financial goals and tolerance levels. Remember, performance can vary, so review real-time data before investing.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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