Aditya Birla SL Midcap Fund delivered an 18.14% return in the past year, compared to 17.16% by its benchmark, Nifty Midcap 150 – TRI. Axis Midcap Fund and Bandhan Midcap Fund, both benchmarked against BSE 150 MidCap – TRI, also managed to outperform their respective benchmarks during the same period.
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Franklin India Prima Fund and HDFC Mid-Cap Opportunities Fund delivered returns of 24.68% and 20.52%, respectively, in the past year. Both schemes are benchmarked against Nifty Midcap 150 – TRI, which gave a 17.16% return during the same period.
Kotak Emerging Equity Fund, the second-largest midcap fund based on assets under management, delivered a 26.61% return during the mentioned period, compared to 17.16% by its benchmark, Nifty Midcap 150 – TRI.Mahindra Manulife Mid Cap Fund has outperformed its benchmark during the same period. Motilal Oswal Midcap Fund and Nippon India Growth Fund delivered returns of 36.17% and 21.41%, respectively, in the mentioned period. Both schemes are benchmarked against Nifty Midcap 150 – TRI, which gained 17.16% during the same timeframe.
SBI Magnum Midcap Fund and Sundaram Midcap Fund both managed to outperform their benchmark during the same period.
Underperformers
Mirae Asset Midcap Fund delivered a 13.87% return in the past year, compared to 17.16% by its benchmark, Nifty Midcap 150 – TRI. PGIM India Midcap Opp Fund and Quant Midcap Fund, both benchmarked against Nifty Midcap 150 – TRI, failed to outperform their respective benchmarks during the mentioned period.
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Tata Mid Cap Growth Fund and Taurus Mid Cap Fund delivered returns of 16.62% and 6.78%, respectively, in the past year, compared to 17.16% by their benchmark, Nifty Midcap 150 – TRI. UTI Mid Cap Fund also failed to outperform its benchmark during the same period.
Mid-cap funds offered an average return of around 21.11% in the past year. These schemes are benchmarked against Nifty Midcap 150 – TRI and BSE 150 MidCap – TRI, which increased by 17.16% and 18.21%, respectively, during the same period.
We considered all mid-cap funds, including regular and growth options. The performance of these funds over the past year was calculated and compared with their respective benchmarks.
Please note, this exercise is not a recommendation. It was conducted to identify which mid-cap funds have outperformed their respective benchmarks over the last year. Investment or redemption decisions should not be based solely on this exercise.
Before making any investment decision, one should always consider their risk appetite, investment horizon, and goals.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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