Mid-cap funds invest primarily in equity shares of businesses with a market capitalization ranging from Rs. 5,000 crores and Rs. 20,000 crores. These mid-cap companies are ranked between 101 and 250 based on their market capitalization.
If you plan to invest in the best mid-cap funds in 2023, here we bring you the list of the top-performing funds.
Start Investing with Free Expert Advice!
Best & Top Mid-Cap Mutual Funds to Consider
The list is not exhaustive, yet these are a few options worth considering:
1. Quant Mid Cap Fund Direct-Growth
This fund is by Quant Mutual Fund and has been in the market for ten years and five months. As of 31 March 2023, Quant Mid Cap Fund Direct-Growth possesses Rs 1,973 crores in AUM.
- The fund's expense ratio is 0.63%.
- The Quant Mid Cap Fund Direct-Growth returns over the past year were 19.80%. Since its beginning, it has generated average annual returns of 16.51%.
- The fund's holdings are in Reliance Industries, Indian Hotels Co. Ltd., Punjab National Bank, Tata Communications Ltd., HDFC Bank Ltd., etc.
2. PGIM India Midcap Opportunities Fund Direct-Growth
This fund is by PGIM India Mutual Fund and has been in the market for nine years and six months. It has Rs 8,072 crores in AUM as of 31 March 2023.
- The fund's expense ratio is 0.43%.
- The one-year returns for the PGIM India Midcap Opportunities Fund Direct-Growth were 16.71%. Since its inception, it has generated average annual returns of 18.66%.
- The fund's holdings are in Navin Fluorine International Ltd., Jubilant FoodWorks Ltd., The Phoenix Mills Ltd., LTI Financial Holdings Ltd., etc.
3. Motilal Oswal Midcap Fund Direct-Growth
This fund is by Motilal Oswal Mutual Fund and has been in the market for nine years and four months. Further, it has Rs 4,033 crores in AUM as of 31 March 2023.
- The fund's expense ratio is 0.76%.
- The one-year returns for the Motilal Oswal Midcap Fund Direct-Growth were 35.95%. Since its inception, it has generated average annual returns of 22.02%.
- The fund's holdings are in Tube Investments of India Ltd., TI Financial Holdings Ltd., Persistent Systems Ltd., CG Power and Industrial Solutions Ltd., KPIT Engineering Ltd., etc.
4. SBI Magnum Midcap Direct Plan-Growth
This fund is by SBI Mutual Fund and has been in the market for ten years and five months. Further, it has Rs 9,370 crores in AUM as of 31 March 2023.
- The fund's expense ratio is 0.98%.
- The one-year return for the SBI Magnum Midcap Direct Plan Growth was 26.38%. Since its inception, it has generated average annual returns of 19.50%.
- The fund's holdings are in Schaeffler India Ltd., Crisil Ltd., Page Industries Ltd., TI Financial Holdings Ltd., etc.
5. HDFC Mid-Cap Opportunities Direct Plan-Growth
This is a mutual fund scheme by HDFC Mutual Fund and has been in the market for ten years and five months. Further, it has Rs 36,912 crores in AUM as of 31 March 2023.
- The fund's expense ratio is 0.94%.
- The one-year return for the HDFC Mid-Cap Opportunities Direct Plan-Growth was 31.88%. Since its inception, it has generated average annual returns of 19.66%.
- The fund's holdings are in Hindustan Aeronautics Ltd., Indian Hotels Co. Ltd., Cholamandalam Investment and Finance Company Ltd., Bharat Electronics Ltd., etc.
6. Nippon India Growth Fund Direct-Growth
This mutual fund scheme by Nippon India Mutual Fund has been in the market for ten years and five months. Further, it has Rs 15,165 crores in AUM as of 31 March 2023.
- The fund's expense ratio is 0.85%.
- The one-year returns for the SBI Magnum Mid Cap Direct Plan-Growth were 23.95%. Since its inception, it has generated average annual returns of 16.68%.
- The fund's holdings are in Tube Investments of India Ltd., AU Small Finance Bank Ltd., and Power Finance Corporation. Ltd., Persistent Systems Ltd., etc.
Start your investment journey today with Motilal Oswal — all it takes is to open a DEMAT Account.
Related Articles: How to analyse Mutual funds for big returns | Dividend option Vs growth option in Mutual funds | How to compare mutual funds the smart way