Top Performing Mid Cap Funds in 1 Year (as of September 5th, 2023)

Choosing the right mutual fund to invest in may seem difficult with the amount of active funds available.

Several mid cap mutual funds performed well in the past year as of 5th September 2023. A few funds giving well over 20% in both direct and regular returns. Below are 8 such mutual funds which gave over 23% in regular returns. All the data is obtained from the Association of Mutual Funds in India's website as of 5th September, 2023. They are for informational purposes only and should not be taken as financial advice.

Highlights:

• The difference between direct and regular plans

• The performance of some top mid cap mutual funds for the past year

• The indices they track and their performance as well

Also Read: Are You Investing in This Promising and Proven Mid-cap Mutual Fund?

Difference Between Direct and Regular Plans:

A 'Direct' plan is when you invest in a mutual fund without any agent/distributor involved. 'Direct' plan leads to a higher potential return than a 'Regular' plan, as it has a lower expense ratio. It is analogous to buying something directly from the manufacturer or buying it in a showroom. 

Top Performing Mid Cap Funds in 1 Year:

1. Taurus Discovery (Mid Cap) Fund

• Direct Return: 33%

• Regular Return: 32.53%

• Tracked Index: NIFTY Midcap 150 Total Return Index

• Tracked Index Performance: 27.38%

2. HDFC Mid Cap Opportunities Fund

• Direct Return: 32.9%

• Regular Return: 31.99%

• Tracked Index: NIFTY Midcap 150 Total Return Index

• Tracked Index Performance: 27.38%

3. Motilal Oswal Mid Cap Fund

• Direct Return: 30.02%

• Regular Return: 28.56%

• Tracked Index: NIFTY Midcap 150 Total Return Index

• Tracked Index Performance: 27.38%

4. Mahindra Manulife Mid Cap Fund

• Direct Return: 28.7%

• Regular Return: 26.63%

• Tracked Index: NIFTY Midcap 150 Total Return Index

• Tracked Index Performance: 27.38%

5. Nippon India Growth Fund

• Direct Return: 28.14%

• Regular Return: 27.12%

• Tracked Index: NIFTY Midcap 150 Total Return Index

• Tracked Index Performance: 27.38%

6. Tata Mid Cap Growth Fund

• Direct Return: 27.49%

• Regular Return: 25.97%

• Tracked Schemes: NIFTY Midcap 150 Total Return Index

• Tracked Scheme Performance: 27.38%

7. Quant Mid Cap Fund

• Direct Return: 25.68%

• Regular Return: 23.20%

• Tracked Index: NIFTY Midcap 150 Total Return Index

• Tracked Index Performance: 27.38%

8. Invesco India Mid Cap Fund

• Direct Return: 24.69%

• Regular Return: 23.06%

• Tracked Index: S&P BSE 150 MidCap Total Return Index

• Tracked Index Performance: 26.91%

Conclusion:

The above data shows that even funds with the same tracked index will have significantly varying performance based on the investment/hedging strategies the fund manager chooses. Please look into all aspects of a fund before deciding to invest.

Also Read: Fund Manager's Exit: Should Investors also Exit from That Mutual Fund

Disclaimer: The information in this article is intended for general informational purposes only and should not be construed as financial advice. Readers are advised to do their research and due diligence before making financial decisions.

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