6 mid cap funds offer over 30% SIP returns in three years

May 01, 2024, 10:52:49 AM IST

Around six mid cap schemes have offered more than 30% on SIP investments in a three-year horizon, according to data pulled out from ACE MF. Around 25 mid cap schemes have completed three years of existence in the market.

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The scheme offered an XIRR of 39.87% on SIP investments in the last three years. A monthly SIP of Rs 10,000 would have turned to Rs 6.27 lakh in the said period

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3/8

Motilal Oswal Midcap Fund

The scheme gave 37.26% return on SIP investments in the last three years. If someone invested Rs 10,000 through monthly SIP, then the current value of the investment would have been Rs 6.07 lakh.

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4/8

Mahindra Manulife Mid Cap Fund

This mid cap scheme gave an XIRR of 32.66% on SIP investments in the last three years. If an investor invested Rs 10,000 monthly through SIP, then the current value would have been Rs 5.71 lakh.

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This mid cap fund gave an XIRR of 32.37% on SIP investments in the last three years. A monthly SIP of Rs 10,000 in the fund made three years ago would have been Rs 5.69 lakh now.

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HDFC Mid-Cap Opportunities Fund

The largest scheme in the mid cap category based on assets managed gave an XIRR of 32.31% in the last three years. The current value of a monthly SIP of Rs 10,000 would have been Rs 5.69 lakh now.

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7/8

Nippon India Growth Fund

The scheme gave an XIRR of 31.43% on SIP investments in the last three years. A monthly SIP of Rs 10,000 would have been Rs 5.62 lakh now.

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Mid cap schemes are mandated to invest in companies that are between 101 and 250 in market capitalisation, as per SEBI norms. One should invest in these schemes only if they have very high risk tolerance, a longer investment horizon of, say, seven to 10 years. A longer investment horizon would help investors to navigate the volatility better.

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