Best-performing Mid Cap Mutual Funds in 10 years (till July 25): Most of the Mid Cap Mutual Funds have delivered high annualised returns in 10 years. Data on the website of the Association of Mutual Funds in India (AMFI) shows that direct plans of as many as 11 mid-cap funds have given over 21% annualised returns in 10 years. The regular plans of 10 mid-cap schemes have given over 19% annualised returns in 10 years. Most of the mid-cap funds have also beaten their respective benchmark indices.
A monthly SIP of Rs 5,000 in any of these funds could have grown to approx Rs 18 lakh (assuming 19% annualised returns) while a Rs 10,000 monthly SIP could have grown to approx Rs 36 lakh (assuming 19% return). That said, the following is the list of top-performing mid-cap funds that have given over 21% returns in 10 years under their respective direct plans, as per AMFI website data tracked till July 25.
Top-performing Mid Cap Funds in 10 years
Kotak Emerging Equity Fund
The direct plan of Kotak Emerging Equity Fund has given 24.08% annualised returns while its regular plan has given 22.58% returns in 10 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 21.02% annualised returns in 10 years.
Edelweiss Mid Cap Fund
The direct plan of Edelweiss Mid Cap Fund has given 23.17% annualised returns while its regular plan has given 21.67% returns in 10 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 21.02% annualised returns in 10 years.
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SBI Magnum Midcap Fund
The direct plan of SBI Magnum Midcap Fund has given 22.49% annualised returns while its regular plan has given 21.34% returns in 10 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 21.02% annualised returns in 10 years.
Invesco India Mid Cap Fund
The direct plan of Invesco India Mid Cap Fund has given 22.57% annualised returns while its regular plan has given 20.68% returns in 10 years. The scheme tracks S&P BSE 150 MidCap Total Return Index, which has given 20.55% annualised returns in 10 years.
HDFC Mid-Cap Opportunities Fund
The direct plan of HDFC Mid-Cap Opportunities Fund has given 22.76% annualised returns while its regular plan has given 21.77% returns in 10 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 21.02% annualised returns in 10 years.
Also Read: Best Large Cap Mutual Funds in 3 years (July 2023): Top 11 schemes with 22% to 29% SIP returns
UTI Mid Cap Fund
The direct plan of UTI Mid Cap Fund has given 22.06% annualised returns while its regular plan has given 21% returns in 10 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 21.02% annualised returns in 10 years.
Tata Midcap Growth Fund
The direct plan of Tata Midcap Growth Fund has given 21.90% annualised returns while its regular plan has given 20.67% returns in 10 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 21.02% annualised returns in 10 years.
Axis Midcap Fund
The direct plan of Axis Midcap Fund has given 21.67% annualised returns while its regular plan has given 20.15% returns in 10 years. The scheme tracks S&P BSE 150 MidCap Total Return Index, which has given 20.55% annualised returns in 10 years.
ICICI Prudential Midcap Fund
The direct plan of ICICI Prudential Midcap Fund has given 21.59% annualised returns while its regular plan has given 20.45% returns in 10 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 21.02% annualised returns in 10 years.
Also Read: Best Flexi Cap Mutual Funds in 3 years (July 2023): Top 10 schemes with 25% to 39% SIP returns
HSBC Midcap Fund
The direct plan of HSBC Midcap Fund has given 21.22% annualised returns while its regular plan has given 19.96% returns in 10 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 21.02% annualised returns in 10 years.
Baroda BNP Paribas Midcap Fund
The direct plan of Baroda BNP Paribas Midcap Fund has given 21.09% annualised returns while its regular plan has given 19.41% returns in 10 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 21.02% annualised returns in 10 years.
Disclaimer: The above content is for information purposes only based on AMFI website data as of July 25, 2023. Mutual Funds are subject to market risks. There is no assurance or guarantee that the above funds will give the same returns in future. Investors are advised to consult their financial advisors before investing.