7 Top-Performing Mid Cap Mutual Funds with High Returns on 10-Year SIP

Aug 04, 2023 / Reading Time: Approx. 10 mins

Listen to 7 Top-Performing Mid Cap Mutual Funds with High Returns on 10-Year SIP

00:00 00:00

​​
7 Top-Performing Mid Cap Mutual Funds with High Returns on 10-Year SIP

Mid Cap Mutual Fund is a sub-category of equity mutual funds that is known for its high returns potential. However, they also tend to be riskier due to the higher volatility and downside risk associated with smaller stocks. Accordingly, the Systematic Investment Plan (SIP) is preferable when it comes to investments in Mid Cap Mutual Funds as it can help mitigate the risk.

In the last 10 years, four Mid Cap Mutual Funds generated SIP returns of 20% or more, thus turning out to be top-performing schemes in the category. The top-performing SIP generated XIRR of 21.2% during this period.

[Read: 5 Best Mid Cap Mutual Funds to Invest in 2023 - Top Performing Mid Cap Mutual Funds in India]

What are Mid Cap Mutual Funds?

Mid Cap Mutual Funds are equity-oriented mutual funds that are mandated to invest a minimum of 65% of their total assets in equity and equity-related instruments of mid-cap companies (companies ranking from 101st to 250th in terms of full market capitalisation).

Mid Cap Mutual Funds are high risk - high return investment avenues. These funds have the potential to deliver superior returns because mid-sized companies are usually in their growth phase. Notably, mid-cap companies have better access to capital and various resources when compared to small-caps but fewer opportunities as compared to large-caps. Their management team is also stronger than that of small-caps, and they adapt to new trends with better ease. They hold the potential to become the large-caps of tomorrow.

Mid Cap Mutual Fund category average SIP returns over different time frames

Past performance is not an indicator of future returns.
Data as of August 01, 2023
Returns are XIRR in percentage
Direct plan - Growth option considered
(Source: ACE MF, data collated by PersonalFN)
 

What is an SIP?

The SIP mode allows mutual fund investors to invest a certain fixed sum regularly over the long term in the scheme/s of their choice, which helps develop a financial discipline - the key to successful investing. It also enables averaging of investment costs as more units are added when the equity markets are trading low and fewer units when the markets are scaling up. This feature enhances the power of compounding, allowing the investors' wealth to grow leaps and bounds over the long term. The tool used to calculate SIP returns is known as XIRR (Extended Internal Rate of Return).

[Read: 5 Key Benefits of Investing in Mutual Funds via SIP]

[Read: What is XIRR in Mutual Funds? And How to Calculate it?]

In this article, we will look at the top-performing Mid Cap Mutual Funds based on 10-year SIP returns, also watch the video below.

 

Top-performing Mid Cap Mutual Fund on 10-Year SIP Returns #1: Quant Mid Cap Fund

Launched in February 2001, Quant Mid Cap Fund currently has an AUM of Rs 2,531 crore. In the last 10 years, Quant Mid Cap Fund grew at an XIRR of 21.2%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 3,66,435. The fund's top stock holdings include Tata Communications, Reliance Industries, Punjab National Bank, Aurobindo Pharma, and Linde India.

Scheme Name Total Amount Invested (Rs) Present Value (Rs) 10-Year XIRR (%)
Quant Mid Cap Fund 1,20,000 3,66,435 21.16
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 01, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan - Growth option considered
(Source: ACE MF, data collated by PersonalFN)
 

Top-performing Mid Cap Mutual Fund on 10-Year SIP Returns #2: Kotak Emerging Equity Fund

Launched in March 2007, Kotak Emerging Equity Fund currently has an AUM of Rs 29,756 crore. In the last 10 years, Kotak Emerging Equity Fund grew at an XIRR of 20.8%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 3,60,107. The fund's stock holdings include Supreme Industries, Cummins India, Schaeffler India, Persistent Systems, and SKF India.

Scheme Name Total Amount Invested (Rs) Present Value (Rs) 10-Year XIRR (%)
Kotak Emerging Equity Fund 1,20,000 3,60,197 20.84
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 01, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan - Growth option considered
(Source: ACE MF, data collated by PersonalFN)
 

Top-performing Mid Cap Mutual Fund on 10-Year SIP Returns #3: Edelweiss Mid Cap Fund

Launched in December 2007, Edelweiss Mid Cap Fund currently has an AUM of Rs 3,250 crore. In the last 10 years, Edelweiss Mid Cap Fund grew at an XIRR of 20.2%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 3,48,707. The fund's stock holdings include Cummins India, Persistent Systems, The Federal Bank, Indian Bank, and Trent.

Scheme Name Total Amount Invested (Rs) Present Value (Rs) 10-Year XIRR (%)
Edelweiss Mid Cap Fund 1,20,000 3,48,707 20.24
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 01, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan - Growth option considered
(Source: ACE MF, data collated by PersonalFN)
 

Top-performing Mid Cap Mutual Fund on 10-Year SIP Returns #4: HDFC Mid-Cap Opportunities Fund

Launched in June 2007, HDFC Mid-Cap Opportunities Fund currently has an AUM of Rs 42,732 crore, making it the largest scheme in the Mid Cap Mutual Fund category. In the last 10 years, HDFC Mid-Cap Opportunities Fund grew at an XIRR of 20.2%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 3,48,145. The fund's stock holdings include The Indian Hotels Company, Cholamandalam Investment & Finance Co., Max Healthcare Institute, Tata Communications, and Apollo Tyres.

Scheme Name Total Amount Invested (Rs) Present Value (Rs) 10-Year XIRR (%)
HDFC Mid-Cap Opportunities Fund 1,20,000 3,48,145 20.21
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 01, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan - Growth option considered
(Source: ACE MF, data collated by PersonalFN)
 

Top-performing Mid Cap Mutual Fund on 10-Year SIP Returns #5: Invesco India Midcap Fund

Launched in April 2007, Invesco India Midcap Fund currently has an AUM of Rs 3,150 crore. In the last 10 years, Invesco Fund grew at an XIRR of 19.5%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 3,34,561. The fund's stock holdings include Sundram Fasteners, Max Healthcare Institute, Trent, The Indian Hotels Company, and Abbott India.

Scheme Name Total Amount Invested (Rs) Present Value (Rs) 10-Year XIRR (%)
Invesco India Midcap Fund 1,20,000 3,34,561 19.47
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 01, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan - Growth option considered
(Source: ACE MF, data collated by PersonalFN)
 

Top-performing Mid Cap Mutual Fund on 10-Year SIP Returns #6: Nippon India Growth Fund

Launched in October 1995, Nippon India Growth Fund is one of the oldest schemes in the Mid Cap Mutual Fund category and currently has a large-sized AUM of Rs 16,353 crore. In the last 10 years, Nippon India Growth Fund grew at an XIRR of 19.3%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 3,31,707. The fund's stock holdings include Cholamandalam Financial Holdings, AU Small Finance Bank, Power Finance Corporation, Varun Beverages, and Mahindra & Mahindra Financial Services.

Scheme Name Total Amount Invested (Rs) Present Value (Rs) 10-Year XIRR (%)
Nippon India Growth Fund 1,20,000 3,31,707 19.31
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 01, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan - Growth option considered
(Source: ACE MF, data collated by PersonalFN)
 

Top-performing Mid Cap Mutual Fund on 10-Year SIP Returns #7: SBI Magnum Midcap Fund

Launched in March 2005, SBI Magnum Midcap Fund currently has an AUM of Rs 11,132 crore. In the last 10 years, SBI Magnum Midcap Fund grew at an XIRR of 19.2%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 3,30,322. The fund's stock holdings include CRISIL, Schaeffler India, Tube Investments of India, Carborundum Universal, and Page Industries.

Scheme Name Total Amount Invested (Rs) Present Value (Rs) 10-Year XIRR (%)
SBI Magnum Midcap Fund 1,20,000 3,30,322 19.24
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 01, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan - Growth option considered
(Source: ACE MF, data collated by PersonalFN)
 

Do note that Mid Cap Mutual Funds carry high risk and is therefore only suitable for aggressive investors who have the appetite to handle market volatility and have a long-term investment horizon of at least 5-7 years. When selecting Mid Cap Mutual Funds for the portfolio, avoid getting swayed by the recent performance and instead focus on schemes that select fundamentally sound, quality stocks for the portfolio.

Related links:

Market at All-time High: Is This a Good Time to Invest in Mid Cap and Small Cap Mutual Funds?]

The Investment Strategy Mutual Fund Investors May Follow as Sensex, Nifty Touch Record Highs

Should You Kick-start Your SIPs Amid Market Highs? Find Out Now

Note: This write-up is for information purpose and does not constitute any kind of investment advice or a recommendation to Buy / Hold / Sell a fund. Returns mentioned herein are in no way a guarantee or promise of future returns. As an investor, you need to pick the right fund to meet your financial goals. If you are not sure about your risk appetite, do consult your investment consultant/advisor. Mutual Fund Investments are subject to market risks, read all scheme-related documents carefully.

Join Now: PersonalFN is now on Telegram. Join FREE Today to get PersonalFN’s newsletter ‘Daily Wealth Letter’ and Exclusive Updates on Mutual Funds.


DIVYA GROVER is the co-editor for FundSelect, the flagship research service of PersonalFN. She is also the co-editor of DebtSelect. Divya is an avid reader which helps her in analysing industry trends and producing insightful articles for PersonalFN’s popular newsletter – Daily Wealth letter, read by over 1.5 lakh subscribers.
Divya joined PersonalFN in 2019 and has since then used stringent quantitative and qualitative parameters to analyse funds to provide honest and unbiased research to investors. She endeavours to enable investors to make an informed investment decision and thereby safeguard their wealth.


Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.
This article is for information purposes only and is not meant to influence your investment decisions. It should not be treated as a mutual fund recommendation or advice to make an investment decision in the above-mentioned schemes.

PersonalFN' requests your view! Post a comment on "7 Top-Performing Mid Cap Mutual Funds with High Returns on 10-Year SIP". Click here!

Most Related Articles

5 Top Performing Index Funds in India in the Last 3 Years Passive investing through index funds has emerged as a logical alternative for dependable market returns.

Oct 09, 2024

Redemption of Mutual Funds: Here’s How to Go About The decision to redeem mutual funds is not one to be taken lightly, it requires careful consideration of several factors

Oct 08, 2024

Reliance to Foray Into Mutual Funds, Gets SEBI Nod For Jio Financial-BlackRock JV Jio Financial Services has received SEBI’s in-principle approval to co-sponsor and set up mutual fund business with BlackRock as its 50:50 joint venture partner.

Oct 07, 2024

Which FMCG Mutual Fund is Right for You? Nippon India Consumption Fund vs Canara Rob Consumer Trends Fund FMCG mutual funds have emerged as attractive investment options for investors seeking to capitalize on the growth potential of the FMCG sector.

Oct 04, 2024

All You Need to Know About SEBI’s Mutual Fund Lite and New Asset Class Framework In its Board meeting on Sept 30, 2024, SEBI introduced two significant regulatory frameworks aimed at reshaping the mutual fund industry.

Oct 01, 2024

Most Popular

Manufacturing Mutual Funds Shine. Are they Worthy of Your Investment Portfolio?Currently contributing around 17% to the GDP, the manufacturing sector is expected to grow to 21% in the next 6-7 years.

May 06, 2024

6 Equity Mutual Funds to Benefit from India’s Defence SectorThe potential to benefit by sensibly taking exposure to defence sector stocks is huge!

Apr 17, 2024

Top 5 Mutual Funds with High Exposure to EV RevolutionThis article will evaluate the top mutual funds to invest in 2024 that have a high allocation to EV stocks.

Feb 06, 2024

Top 5 Mutual Funds That Are Betting on the Manufacturing BoomThis article will evaluate the top mutual funds to invest in 2023 that have a high allocation to Manufacturing stocks.

Sep 01, 2023

HDFC Mutual Fund launches HDFC Manufacturing FundHDFC Mutual Fund launches HDFC Manufacturing Fund

May 08, 2024