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Explore the Top Mid Cap Mutual Funds - Insight to Investment
Explore the Top Mid Cap Mutual Funds - Insight to Investment

The table below shows the top mid-cap mutual funds in India based on AUM, NAV and Minimum Investment

 

Mid Cap Mutual Funds

AUM

NAV

Minimum Investment

HDFC Mid-Cap Opportunities Fund

42,731.64

135.74

100

Kotak Emerging Equity Fund

31,388.88

99.92

100

Axis Midcap Fund

22,177.63

86.29

100

Nippon India Growth Fund

16,353.16

2,811.20

100

DSP Midcap Fund

13,924.26

110.7

100

SBI Magnum Midcap Fund

11,808.91

186.6

5,000.00

Mirae Asset Midcap Fund

11,359.71

26.55

5,000.00

PGIM India Midcap Opp Fund

8,965.44

53.3

5,000.00

Franklin India Prima Fund

8,650.53

1,944.85

5,000.00

Sundaram Mid Cap Fund

8,358.16

928.28

100

Want a deep dive into mid-cap mutual funds? Check out Alice Blue's in-depth article for key industry insights!

Mid Cap Mutual Funds are investment schemes that primarily focus on companies with medium market capitalizations, typically positioned between large-cap and small-cap firms. These companies offer a blend of growth and stability.

Now, let's take a closer look at top mid-cap mutual funds in India based on AUM, NAV and Minimum Investment.

HDFC Mid-Cap Opportunities Fund

The primary objective of HDFC Mid-Cap Fund is to facilitate the accumulation of wealth over an extended period. It seeks to accomplish this by focusing its investments on well-established mid-cap firms, aiming for sustained capital appreciation. The fund strategically selects mid-cap stocks with the potential to outperform, ensuring a blend of financial stability, strong growth potential, sound business practices, and reasonable valuation. Through this approach, the fund strives to create value for its investors.

Key Metrics

The HDFC Mid-Cap Opportunities Fund has an exit load of 1.00% and an expense ratio of 0.85%. It is important to note that this fund comes with a very high-risk level. However, it has demonstrated strong performance over the past five years, with a Compound Annual Growth Rate (CAGR) of 21.26%. Additionally, the fund manages a substantial amount of assets, with its Assets Under Management (AUM) totaling ₹ 5,21,775.38 crore.

Portfolio

The portfolio asset allocation of the HDFC Mid-Cap Opportunities Fund is divided into two main categories. The majority of the fund's investments, approximately 92.16%, are allocated to equities, reflecting a significant focus on mid-cap stocks. In contrast, the remaining 7.84% is held in cash and cash equivalents, providing a small but essential cushion of liquidity within the portfolio. This allocation aims to capitalize on mid-cap growth potential while maintaining flexibility through cash reserves.

Kotak Emerging Equity Fund

The key objective of the Kotak Emerging Equity Fund encompasses the generation of long-term wealth for its investors. Primarily, it focuses on investing in equity and equity-related securities to produce income, while also allocating a portion of its funds to debt securities and various other income-generating instruments.

Key Metrics

The Kotak Emerging Equity Fund, characterized by its high-risk profile, imposes a 1.00% exit load and maintains an expense ratio of 0.37%. Despite the risk, it has delivered an impressive 5-year CAGR of 22.53%, making it an attractive option for long-term investors. With an AUM of ₹3,22,988.46 Crores, it signifies the fund's substantial size and popularity among investors seeking growth opportunities.

Portfolio

The Kotak Emerging Equity Fund maintains a well-structured portfolio with a strong focus on equity investments, constituting a substantial 94.29% of its asset allocation. This indicates the fund's preference for stocks and other equity-based instruments as a means of wealth creation and growth. Additionally, the fund holds a 5.71% allocation in Cash and equivalents, providing a minor cushion of liquidity. This allocation strategy is designed to potentially offer investors the opportunity for capital appreciation while maintaining a small cash reserve for flexibility and risk management.

Axis Midcap Fund

The primary objective of the Axis Mid Cap Fund is to ensure the long-term growth of capital for its investors, predominantly through investments in equity and related instruments of mid-cap firms.

Key Metrics

The Axis Midcap Fund offers investors several important metrics to consider. It has an exit load of 1.00%, indicating a potential fee for early withdrawals. The expense ratio is relatively low at 0.53%, making it cost-effective to manage. However, it's important to note that this fund involves a very high level of risk, so investors should be prepared for volatility. On a positive note, it has demonstrated strong performance with a 5-year CAGR of 19.43% and manages an impressive AUM of ₹2,52,599.53 Crores, showcasing its substantial capital base.

Portfolio

 

he Axis Midcap Fund's portfolio asset allocation is structured as follows: The majority of the fund's assets, comprising 92.46%, are invested in equities. Additionally, 7.04% is allocated to cash and equivalents, while a minor portion of 0.50% is invested in Treasury Bills. This allocation strategy reflects the fund's investment approach and distribution of its holdings across various asset classes.

Nippon India Growth Fund

The key objective of the Nippon India Growth Fund is to secure long-term capital appreciation by allocating assets in equity and equity-related securities, utilizing a strategy grounded in meticulous research.

Key Metrics

The Nippon India Growth Fund boasts some key metrics that make it a notable investment option. With an exit load of 1.00% and a relatively low expense ratio of 0.90%, it offers a competitive fee structure for investors. However, it's essential to note that the fund carries a high level of risk, making it best suited for those comfortable with a substantial degree of risk in their investments. Over the past five years, the fund has delivered a commendable 5-year compound annual growth rate (CAGR) of 22.51%, reflecting its potential for strong returns. Furthermore, the fund's assets under management (AUM) currently stand at ₹2,69,971.08 Crores, underlining its popularity among investors.

Portfolio

The Nippon India Growth Fund allocates approximately 98.12% of its portfolio to equity investments, signifying a strong focus on stocks. About 1.82% is reserved for cash and cash equivalents, providing liquidity to the fund, while another 1.82% is invested in mutual funds, indicating a strategy of diversification within this asset class. This allocation aims to pursue growth objectives through equity investments while maintaining some liquidity through cash holdings and spreading risk through investments in mutual funds.

DSP Midcap Fund

The primary objective of the DSP Mid Cap Fund is to strive for sustained capital growth over the long term, focusing predominantly on equity and related securities of mid-sized companies. Additionally, the fund manager will periodically diversify into various other equities and associated securities to ensure the portfolio is optimally balanced.

Key Metrics

DSP Midcap Fund is an investment option with an exit load of 1.00% and a relatively low expense ratio of 0.81%. However, it's essential to note that investing in this fund comes with a high-risk factor, and your principal investment may be subject to significant fluctuations. Over the past five years, the fund has demonstrated a compound annual growth rate (CAGR) of 16.95%, making it an attractive choice for investors seeking potentially higher returns. As of the latest available data, the fund has accumulated an impressive ₹1,31,720.07 Crores in assets under management (AUM), further highlighting its popularity among investors.

Portfolio

DSP Midcap Fund maintains a portfolio with a strong focus on equity, representing 95.50% of its asset allocation. This emphasis on equities demonstrates the fund's commitment to capitalizing on midcap opportunities. Additionally, the fund holds 4.50% in cash and equivalents, ensuring liquidity and flexibility in its investment approach. This balanced asset allocation strategy reflects DSP Midcap Fund's aim to deliver favorable returns while managing risk effectively.

SBI Magnum Midcap Fund

The important aim of the SBI Magnum Midcap Fund is to offer investors the potential for long-term capital growth while also ensuring the flexibility of an open-ended scheme through its predominant investment in a diverse range of mid-cap company equities.

Key Metrics

The SBI Magnum Midcap Fund comes with a 1.00% exit load and a competitive 0.88% expense ratio. It is a high-risk investment, but it has delivered a notable 5-year Compound Annual Growth Rate (CAGR) of 22.55%. With an impressive Asset Under Management (AUM) of ₹5,50,148.13 Crores.

Portfolio

The SBI Magnum Midcap Fund maintains a well-structured portfolio asset allocation, with the majority of its investments in equity, accounting for 93.97% of its holdings. Additionally, the fund holds 5.21% in cash and equivalents, providing liquidity and flexibility. A smaller portion, 0.82%, is allocated to Treasury Bills, ensuring a balance between potential growth through equities and the safety of fixed-income instruments.

 

Mirae Asset Midcap Fund

The key or primary goal of the Mirae Asset Midcap Fund is to achieve long-term capital appreciation by primarily investing in Indian mid-cap companies' equity and equity-related securities. Additionally, the fund manager may occasionally include other Indian equities and related securities to optimize portfolio composition.

Key Metrics

Mirae Asset Midcap Fund is a mutual fund with a 5-year compound annual Growth Rate (CAGR) of 25.92%, showcasing its strong performance. However, it's important to note that this fund carries a relatively high level of risk, with the principal investment being exposed to substantial risk. Additionally, the fund has an exit load of 1.00%, which investors should be aware of. Its expense ratio stands at 0.65%, and as of the latest available data, the fund has an Asset Under Management (AUM) of ₹1,39,527.21 Crores.

Portfolio

The Mirae Asset Midcap Fund's portfolio primarily consists of equity investments, making up approximately 97.49% of its asset allocation. A smaller portion, about 2.51%, is allocated to cash and equivalents. This allocation strategy reflects the fund's focus on midcap equities as a primary investment avenue while maintaining a small cash reserve for liquidity and risk management purposes.

PGIM India Midcap Opp Fund

The key objective of the PGIM India Midcap Opp Fund is to primarily focus on investing in mid-cap companies' equity and equity-related instruments with the primary goal of attaining long-term capital growth.

Key Metrics

The PGIM India Midcap Opp Fund boasts some key metrics worth noting. It comes with a nominal exit load of 0.50% and has a relatively low expense ratio of 0.40%. Investors should be aware that this fund carries a substantial level of risk, making it suitable for those comfortable with high-risk investments. Over the past five years, the fund has demonstrated an impressive Compound Annual Growth Rate (CAGR) of 24.54%, reflecting its potential for significant returns. Additionally, the fund's Assets Under Management (AUM) currently stand at ₹23,080.60 Crores, underlining its popularity among investors.

Portfolio

The PGIM India Midcap Opportunity Fund maintains a well-balanced portfolio asset allocation. The majority of its investments, approximately 95.03%, are in equities, showcasing a strong focus on mid-cap stocks. Additionally, the fund holds 4.82% in cash and equivalents, providing liquidity and flexibility in managing investments. A small portion, about 0.16%, is allocated to Treasury Bills, contributing to the fund's overall diversification and risk management strategy.

Franklin India Prima Fund

The primary aim of the Franklin India Prima Fund, an open-end growth fund, is to primarily seek medium to long-term capital appreciation, with income serving as a secondary goal.

Key Metrics

Franklin India Prima Fund is an investment option with a 1.00% exit load and a low expense ratio of 0.92%. However, it comes with a high level of risk, making it more suitable for adventurous investors. Over the past five years, the fund has demonstrated strong performance, boasting a CAGR of 16.47%. With an impressive AUM of ₹75,484.17 Crores, it's evident that this fund has gained the trust and popularity of many investors.

Portfolio

The Franklin India Prima Fund maintains a portfolio with a strategic asset allocation as follows: Equity investments make up the majority at 95.18%, while the remaining 4.82% is allocated to Cash and equivalents, ensuring a balanced approach to its investments.

Sundaram Mid Cap Fund

The fundamental objective of the Sundaram Mid Cap Fund approach is to grow capital by investing in mid-cap stocks, which are defined by the fund as stocks whose market capitalization does not exceed that of the 50th largest stock (sorted in descending order by market capitalization) on the NSE.

Key Metrics

The Sundaram Mid Cap Fund presents important metrics for potential investors to consider. It comes with a 1.00% exit load, meaning an early withdrawal incurs a 1.00% charge. The expense ratio is 0.97%, denoting annual fees as a percentage of total assets managed. Investors should note the high risk associated with this fund, potentially leading to significant fluctuations in their principal investment. Over the past 5 years, the fund has shown a Compound Annual Growth Rate (CAGR) of 16.32%, indicating its potential for returns. Currently, the Assets Under Management (AUM) for this fund amounts to ₹49,506.31 Crores, reflecting its popularity and investor trust.

Portfolio

The Sundaram Mid Cap Fund maintains a well-balanced portfolio asset allocation. It allocates 95.60% to equities, providing the potential for capital appreciation. Additionally, the fund holds 4.10% in cash and cash equivalents, ensuring liquidity. A small portion, 0.30%, is invested in preference shares, contributing to diversity. This allocation strategy aims to strike a balance between growth and stability in the mid-cap investment segment.

Note: Please be aware that mutual fund results can be influenced by market uncertainties. Before making any investment choices, it's crucial to examine the most recent fund-related documents and seek advice from a financial expert.

Want to explore more? Read the article on best small cap stocks in india for valuable insights and analysis.

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