Midcap equity mutual funds continue to attract investors with their potential to deliver better returns as compared to large cap funds. Mid cap funds saw an inflow of Rs 1176.31 crore in November 2022, while large-cap, flexi, ELSS and focused funds saw huge outflows.
Many midcap funds have given high returns since their launch dates. Here we bring to you the top mid-cap funds which have given the highest returns since their launch till December 21, 2022.
Union Midcap Fund
The Direct Plan of Union Midcap Fund has given an annual return of 47.88% since inception while the Regular Plan has given an annual return of 45.98%. The scheme tracks S&B BSE 150 Midcap Total Return Index.
Mirae Asset Midcap Fund
The Direct Plan of Mirae Asset Midcap Fund has given an annualized return of 27.47% since inception while the Regular Plan has generated an annualized return of 25.61%. The scheme tracks the Nifty Midcap 150 Total Return Index.
Motilal Oswal Midcap Fund
The Direct Plan of Motilal Oswal Midcap Fund has given an annualized return of 21.76% since inception while the Regular Plan has generated an annualized return of 20.27%. The scheme tracks the Nifty Midcap 150 Total Return Index.
Edelweiss Mid Cap Fund
The Direct Plan of Edelweiss Mid Cap Fund has given an annual return of 20.5% since inception while the Regular Plan has generated an annual return of 11.72%. The scheme tracks the Nifty Midcap 150 Total Return Index.
Kotak Emerging Equity Fund
The Direct Plan of Kotak Emerging Equity Fund has given an annualized return of 19.91% since inception while the Regular Plan has given an annualized return of 13.79%. The scheme tracks the Nifty Midcap 150 Total Return Index.
PGIM India Midcap
Opportunities Fund PGIM India Midcap Opportunities Fund’s Direct Plan has given an annualized return of 19.31% since inception, while the Regular Plan has earned an annualized return of 17.82%. The scheme tracks the Nifty Midcap 150 Total Return Index.
SBI Magnum Midcap Fund
The Direct Plan of SBI Magnum Midcap Fund has given an annual return of 19.06% since inception while the Regular Plan has earned an annual return of 16.30%. The scheme tracks the Nifty Midcap 150 Total Return Index.
UTI Mid Cap
Fund UTI Mid Cap Fund’s Direct Plan has given an annual return of 19.03% since inception while the Regular Plan has earned an annual return of 17.63%. The scheme tracks the Nifty Midcap 150 Total Return Index.
Sundaram Mid Cap
The Regular Plan of Fund Sundaram Mid Cap Fund has given an annual return of 23.63% since inception while the Direct Plan has given an annual return of 16.59%. The scheme tracks the Nifty Midcap 150 Total Return Index.