Top 5 mid cap mutual funds in India 2024


Are you looking to invest in mutual funds in India? Want to explore mid cap mutual funds? Well, you’ve landed in the right place! Mid cap mutual funds offer a unique opportunity to invest in companies with promising growth potential. In this blog post, we’ll introduce you to the top 5 mid cap mutual funds in India for the year 2024.

  1. Quant Mid Cap Fund
  2. Motilal Oswal Midcap Fund
  3. HDFC Mid-Cap Opportunities Fund
  4. Edelweiss Mid Cap Fund
  5. Nippon India Growth Fund

1. Quant Mid Cap Fund

The primary goal of this fund is to generate capital appreciation by investing in a portfolio of mid-cap companies.

Asset Allocation

  • Equity and Equity-Related Instruments of Mid-Cap Companies: 65% to 100%
  • Other Equity and Equity-Related Instruments: 0% to 35%
  • Debt and Money Market Instruments: 0% to 35%
  • Units Issued by REIT & InvITs: 0% to 10%

Benchmark: Nifty Mid Cap 150 TRI

Minimum Investment

  • For new investors: ₹5,000 and any amount thereafter
  • For existing investors: ₹1,000 and any amount thereafter
  • For Systematic Investment Plan (SIP): Minimum ₹1,000 and in multiples of ₹1 thereafter.

Risk Profile: Very High

Exit Load: 1% if redeemed within 3 months from the date of allotment; Nil after 3 months.

Predominantly invests in mid-cap stocks.

Period (in year)Returns (₹10000)SIP Returns (₹1000 SIP)
1₹16441.50₹12000 – ₹15725.47
2₹17812.20₹24000 – ₹35426.94
3₹25376.80₹36000 – ₹59590.85
5₹38961.70₹60000 – ₹151250.82
10₹66095.50₹120000 – ₹437266.76

2. Motilal Oswal Midcap Fund

To achieve long-term capital appreciation by investing in quality mid-cap companies with long-term competitive advantages and growth potential.

Asset Allocation

  • Equity and Equity-Related Securities of Mid-Cap Companies: Minimum 65%
  • Other Equity and Equity-Related Securities: Up to 35%

Benchmark: Nifty Midcap 150 TRI

Minimum Application Amount:

  • New investors: ₹5,000 and any amount thereafter
  • Existing investors: ₹1,000 and any amount thereafter
  • SIP: Minimum ₹1,000 and in multiples of ₹1 thereafter.

Exit Load: 1% if redeemed within 1 year from the date of allotment; Nil after 1 year.

Risk Profile: Very High

Focuses on market leaders in smaller markets or single-line businesses in larger markets that have shown growth and are likely to become large caps in the future

Period (in year)Returns (₹10000)SIP Returns (₹1000 SIP)
1₹15389.60₹12000 – ₹14932.02
2₹17628.50₹24000 – ₹34153.96
3₹23951.70₹36000 – ₹58274.5
5₹32286.50₹60000 – ₹134409.73
10₹81305.50₹120000 – ₹379164.24

3. HDFC Mid-Cap Opportunities Fund

To achieve long-term capital appreciation by investing predominantly in mid-cap stocks.

Asset Allocation:

  • Equity and Equity-Related Securities of Mid-Cap Companies: Minimum 65%
  • Other Equity and Equity-Related Securities: Up to 35%

Benchmark: Nifty Midcap 150 TRI

Minimum Application Amount:

  • New investors: ₹500 and in multiples of ₹1 thereafter
  • SIP: Minimum ₹500 and in multiples of ₹1 thereafter.

Exit Load: 1% if redeemed within 1 year from the date of allotment; Nil after 1 year.

Risk Profile: Very High

Bottom-up stock selection focusing on market leaders in smaller markets or single-line businesses in larger markets that have shown growth and are likely to become large caps

Period (in year)Returns (₹10000)SIP Returns (₹1000 SIP)
1₹15305.90₹12000 – ₹14479.47
2₹16964.30₹24000 – ₹33657.06
3₹21053.50₹36000 – ₹55452.12
5₹28336.70₹60000 – ₹125523.14
10₹75322.10₹120000 – ₹358448.74

4. Edelweiss Mid Cap Fund

To generate long-term capital appreciation by investing primarily in equity and equity-related instruments of mid-cap companies.

Asset Allocation:

  • Equity and Equity-Related Securities of Mid-Cap Companies: Minimum 65%
  • Other Equity and Equity-Related Securities: Up to 35%

Benchmark: Nifty Midcap 150 TRI

Minimum Application Amount:

  • New investors: ₹5,000 and any amount thereafter
  • SIP: Minimum ₹1,000 and in multiples of ₹1 thereafter.

Exit Load: 1% if redeemed within 1 year from the date of allotment; Nil after 1 year.

Risk Profile: Very High

Focuses on mid-cap stocks with growth potential and aims to create wealth over the long term.

Period (in year)Returns (₹10000)SIP Returns (₹1000 SIP)
1₹14826.60₹12000 – ₹14387.95
2₹15405.50₹24000 – ₹32270.63
3₹19624.50₹36000 – ₹52177.80
5₹30096.20₹60000 – ₹121882.49
10₹82425.00₹120000 – ₹362427.00

5. Nippon India Growth Fund

To generate long-term capital appreciation by investing predominantly in equity and equity-related securities of mid-cap companies.

Asset Allocation:

  • Equity and Equity-Related Securities of Mid-Cap Companies: Minimum 65%
  • Other Equity and Equity-Related Securities: Up to 35%

Benchmark: Nifty Midcap 150 TRI

Minimum Application Amount:

  • New investors: ₹5,000 and any amount thereafter
  • SIP: Minimum ₹1,000 and in multiples of ₹1 thereafter.

Exit Load: 1% if redeemed within 1 year from the date of allotment; Nil after 1 year.

Risk Profile: Very High

Aims to capitalize on the growth potential of mid-cap stocks by investing in fundamentally strong companies.

Period (in year)Returns (₹10000)SIP Returns (₹1000 SIP)
1₹15177.10₹12000 – ₹14300.68
2₹15926.30₹24000 – ₹32606.65
3₹20344.60₹36000 – ₹53195.75
5₹29285.90₹60000 – ₹121841.96
10₹67685.80₹120000 – ₹351802.62

Other mid cap mutual funds in India 2024 are:

  • SBI Magnum Midcap Fund
  • Sundaram Mid Cap Fund
  • Mahindra Manulife Mid Cap Fund
  • Axis Midcap Fund
  • Tata Mid Cap Growth Fund

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