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.
- Quant Mid Cap Fund
- Motilal Oswal Midcap Fund
- HDFC Mid-Cap Opportunities Fund
- Edelweiss Mid Cap Fund
- 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
