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Top Midcap Mutual Funds: Invest for Higher Returns

Explore the top midcap mutual funds for substantial capital growth in India

Rs. 500 SIP = Rs. 10L+ in 15 yrs. Start your journey today

Article 1

Midcap mutual funds are a kind of mutual fund scheme that focuses at least 65% of its total underlying assets into the stocks of midcap companies. These midcap funds usually come with a higher risk profile but also ensure its investors much higher returns as compared to large cap stocks and other securities. So let us discover some of the top midcap mutual funds available in the Indian mutual fund market today.

Motilal Oswal Midcap Fund

The Motilal Oswal Midcap Fund has established itself as a leader in the midcap mutual fund category. It has been achieving remarkable returns since its very inception. This fund is good at generating consistent and high returns, primarily designed for more aggressive investors looking for substantial capital growth in the long run.

Key Features

Details

NAV (as of Sep 20, 2024)

Rs. 122.01

Returns since inception

26.66% p.a.

Expense Ratio

0.6%

AUM

Rs. 15,940 Crs

Minimum Investment (SIP)

Rs. 500

Exit Load

1% if redeemed within 1 year

Key takeaways

  • Midcap mutual funds are known to outperform large cap stocks that make them attractive if you prioritise capital growth.
  • These funds come with higher risk due to market volatility but offer opportunities for aggressive investors with a long term investment horizon.
  • Each fund, such as Motilal Oswal and Edelweiss, come with unique advantages that cater to various investment strategies and risk appetites.

Quant Mid Cap Fund

The Quant Mid Cap Fund is known for its disciplined approach to investing in the stocks of high growth midcap companies. Moreover, it aims to deliver consistent returns and is a strong contender for those looking to invest in stocks that provide great long term run.
 

Key Features

Details

NAV (as of Sep 20, 2024)

Rs. 270.51

Returns since inception

20.45% per annum

Expense Ratio

0.58%

AUM

Rs. 9,367 crores

Minimum Investment (SIP)

Rs. 1,000

Exit Load

0.5% if redeemed within 3 months

Edelweiss Mid Cap Fund


The Edelweiss Mid Cap Fund has recently garnered attention among investors for its effective management and competitive expense ratio. This fund delivers a consistent performance that aims to provide high returns over time.
 

Key Features

Details

NAV (as of Sep 20, 2024)

Rs. 117.65

Returns since inception

24.23% per annum

Expense Ratio

0.38%

AUM

Rs. 7,401 crores

Minimum Investment (SIP)

Rs. 500

Exit Load

1% if redeemed within 90 days

Build your wealth with SIP

Nippon India Growth Fund


The Nippon India Growth Fund is another great option for mutual fund investors who seek exposure to midcap companies. It aims to provide its investors with long term capital appreciation and maintain a balance between the risks and returns.
 

Key Features

Details

NAV (as of Sep 20, 2024)

Rs. 4,615.05

Returns since inception

20.72% per annum

Expense Ratio

0.79%

AUM

Rs. 33,707 crores

Minimum Investment (SIP)

Rs. 500

Exit Load

1% if redeemed within 1 month

 

ICICI Prudential Midcap Fund

The ICICI Prudential Midcap Fund has a strong performance record, making it a valuable addition to a diversified investment portfolio for investors of all kinds. It primarily invests in high performing midcap stocks that positions it well for potentially high long term returns.
 

Key Features

Details

NAV (as of Sep 20, 2024)

Rs. 334.71

Returns since inception

21.39% per annum

Expense Ratio

1.01%

AUM

Rs. 6,625 crores

Minimum Investment (SIP)

Rs. 500

Exit Load

1% if redeemed within 1 year

Comparing the 5 top mutual funds

When comparing these five midcap mutual funds, it is clear that each offers their own unique advantages. Motilal Oswal and Edelweiss lead in return consistency, while Quant excels in disciplined investment strategies. Nippon India provides a balanced risk-return profile, whereas ICICI Prudential is known for its robust market performance. You should evaluate each of them and opt for the one that best aligns with your defined financial objectives.
 

Visit the Bajaj Finance mutual fund platform and choose from over 1000 mutual fund schemes to invest in. Use the Mutual Fund Calculator, compare mutual funds, and more. This is integral if you want to make the most of investing in mutual funds and other similar assets.

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Frequently asked questions

What are midcap mutual funds?

Midcap mutual funds invest at least 65% of their assets in mid sized companies and aim for higher returns as compared to large cap equity funds.

What is the investment horizon for midcap funds?

A long term investment horizon of at least 5-7 years is generally recommended to mitigate risks and maximise potential returns when investing in a midcap mutual fund.

How do exit loads affect my investment?

Exit loads are fees charged when you redeem your investment before a specified period. This adversely impacts your overall returns by a certain fixed percentage of your divestment, if withdrawn early.

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Disclaimer

Bajaj Finance Limited (“BFL”) is an NBFC offering loans, deposits and third-party wealth management products.

The information contained in this article is for general informational purposes only and does not constitute any financial advice. The content herein has been prepared by BFL on the basis of publicly available information, internal sources and other third-party sources believed to be reliable. However, BFL cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed.

This information should not be relied upon as the sole basis for any investment decisions. Hence, User is advised to independently exercise diligence by verifying complete information, including by consulting independent financial experts, if any, and the investor shall be the sole owner of the decision taken, if any, about suitability of the same.

Disclaimer

Bajaj Finance Limited ("BFL") is registered with the Association of Mutual Funds in India ("AMFI") as a distributor of third party Mutual Funds (shortly referred as 'Mutual Funds) with ARN No. 90319

BFL does NOT:

(i) provide investment advisory services in any manner or form.

(ii) carry customized/personalized suitability assessment.

(iii) carry independent research or analysis, including on any Mutual Fund schemes or other investments; and provide any guarantee of return on investment.

In addition to displaying the Mutual fund products of Asset Management Companies, some general information is sourced from third parties, is also displayed on As-is basis, which should NOT be construed as any solicitation or attempt to effect transactions in securities or the rendering any investment advice. Mutual Funds are subject to market risks, including loss of principal amount and Investor should read all Scheme/Offer related documents carefully. The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities forming part of the Mutual Fund. The NAV will inter-alia be exposed to Price/Interest Rate Risk and Credit Risk. Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. BFL shall not be responsible or liable for any loss or shortfall incurred by the investors. There may be other/better alternatives to the investment avenues displayed by BFL. Hence, the final investment decision shall at all times exclusively remain with the investor alone and BFL shall not be liable or responsible for any consequences thereof.

Investment by a person residing outside the territorial jurisdiction of India is not acceptable nor permitted.

Disclaimer on Risk-O-Meter:

Investors are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund managers, asset manager, etc, and shall also consult their Professional advisors, if they are unsure about the suitability of the scheme before investing.


Disclosure
: Bajaj Finance Limited (BFL) is a distributor of Mutual Funds with ARN - 90319 and distributes mutual funds of Bajaj Finance Asset Management Limited (BFSAMC). BFL receives commission towards distribution of mutual fund products. BFSAMC is a group company of BFL, carrying business on arm’s length basis without any conflict of interest and in accordance with the prevailing law / regulation.

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