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Thinking of Investing in Mid-Cap Funds in 2020? Know the Best Performing Mid-Cap Funds

You may be aware of the risks and rewards potential of investing in mid-cap funds. And, now that you are ready to invest, it is time for you to start analysing top-performing funds. Check out this post to know some of the best mid-cap funds that you can consider in 2020.

Introduction to Mid-Cap Funds

Mid-cap mutual funds maintain a dynamic balance between risks and returns. While they are less risky than small-cap funds, the returns potential is higher than large-cap funds. This parity between risk and reward is what makes mid-cap funds an excellent choice for investors wanting to invest in equity mutual funds.

If you wish to invest in mid-cap funds, here are some of the best options you can choose:

1. Axis Midcap Fund- Direct-Growth

The top spot on this list of best performing mid-cap mutual funds goes to the Axis Midcap Fund (D) (G), not only due to the high returns in the last 1-year but also because of the consistency of the returns over the years. Being a mid-cap scheme, its portfolio only consists of equity and equity-related instruments of mid-size companies.

At around 24%, the scheme has significant exposure to the Consumer Goods sector, followed by Financial Services (21.88%), Industrial Manufacturing (7.91%), and more. The scheme was launched back in 2011 and currently has an AUM of more than Rs. 4,800 crores.

Performance

Scheme Name Current NAV (As on 24/02/2020) Last 1-Year Last 3-Years Last 5-Years Since Inception
Axis Midcap Fund- (D) (G) 46.08 21.86% 17.76% 10.41% 17.22%

2. Motilal Oswal Midcap 30 Fund- Growth

The Motilal Oswal Midcap 30 Fund (G) only invests in a basket of 30 promising mid-cap companies. The companies are selected based on their long-term growth potential and their competitive advantage in the industry.

The portfolio of the scheme is dominated by investments in industrial sectors like Consumer Durables (25.5%), Banks (23.06%), Consumer Non-Durables (17.36%), and Finance (12.59%). The fund was launched in 2014 and currently has an AUM of Rs. 1,986 crores.

Performance

Scheme Name Current NAV (As on 24/02/2020) Last 1-Year Last 3-Years Last 5-Years Since Inception
Motilal Oswal Midcap 30 Fund (G) 28.64 24.85% 7.4% 8.5% 19.16%

3. BNP Paribas Midcap Fund- Direct-Growth

Next on this list of best mid-cap mutual funds is BNP Paribas Midcap Fund (D) (G). Launched in 2013, it focuses on mid-cap companies with exceptional growth potential, dynamic management, and entrepreneurial flair. At 806 crores, the AUM of the scheme is not as significant as other top-performers on this list. But the consistent returns sure make it a great choice.

Just like most popular mid-cap schemes, BNP Paribas Midcap Fund also has significant exposure to the Financial sector (27.69%). But it also has considerable investments in sectors such as Chemical (15.18%), Healthcare (7.36%), and Energy (6.31%).

Performance

Scheme Name Current NAV (As on 24/02/2020) Last 1-Year Last 3-Years Last 5-Years Since Inception
BNP Paribas Midcap Fund (D) (G) 38.93 23.41% 9.63% 10.15% 17.34%

4. DSP Midcap Fund-Regular- Growth

If you are investing through a mutual fund distributor or broker, DSP Midcap Fund (R) (G) can be a great choice. The fund managers of this scheme focus on mid-cap companies that are currently trading at a discount as compared to large-cap companies from the same sector.

The scheme has significant investments in industrial sectors such as Pharma (11.99%), Industrial Products (9.09%), Consumer Durables (9.01%), and others. Launched in 2006, the scheme currently has an AUM of above Rs. 7,000 crores.

Performance

Scheme Name Current NAV (As on 24/02/2020) Last 1-Year Last 3-Years Last 5-Years Since Inception
DSP Midcap Fund (R) (G) 61.07 21.87% 9.45% 11.20% 14.59%

Selecting a Top Mid-Cap Scheme for Your Investment

If you are looking for the best mid-cap fund, understand the risks of investing in mid-cap funds and know that these funds are recommended for investment horizons of above five years.

Do try to know more about the fund managers of these schemes, portfolio compositions, minimum investment amounts, and more, before making a decision.