InvestorQ : Can you tell me how mid cap funds have performed in the Indian context over different time frames and what time frame to best consider?
indhumathi Sayani made post

Can you tell me how mid cap funds have performed in the Indian context over different time frames and what time frame to best consider?

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shrinidhi Rajan answered.
10 months ago
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The table below captures the performance of the mid cap funds for both regular and for direct funds. I have also tried to capture the returns versus the benchmark for holdings period of 1 year, 3 years and 5 years. Clearly, there is an advantage in opting for the direct route as the cost saving can be quite huge. However, buying into mid cap funds can be quite a complex task and you need to either do it carefully or better still just leave to the experts to do it for you.

Scheme Name

NAV Regular

NAV Direct

Return 1 Year (%) Regular

Return 1 Year (%) Benchmark

Return 3 Year (%) Regular

Return 3 Year (%) Benchmark

Return 5 Year (%) Regular

Return 5 Year (%) Benchmark

Aditya Birla Sun Life Mid Cap

273.63

290.18

-2.40

-2.61

6.15

7.95

6.81

7.85

Axis Midcap

39.74

43.20

13.35

-0.90

19.09

9.61

10.43

9.30

Baroda Midcap

8.72

9.24

-0.11

-0.90

7.34

9.61

-0.11

9.30

BNP Paribas Midcap

32.66

35.79

6.08

1.56

9.55

11.88

8.40

10.29

DSP Midcap Fund

57.22

60.34

10.25

-2.61

11.94

7.95

10.77

7.85

Edelweiss Mid Cap Fund

26.89

28.93

6.02

-2.61

11.38

7.95

9.04

7.85

Franklin India Prima

956.75

1,027.66

4.27

1.56

10.18

11.88

9.17

10.29

HDFC Mid-Cap Opportunities

53.49

56.73

1.63

-2.61

8.80

7.95

8.71

7.85

ICICI Prudential Midcap

94.47

100.73

0.35

1.56

9.04

11.88

7.33

10.29

IDBI Midcap Fund

10.34

11.01

-1.71

-2.61

Invesco India Mid Cap

49.91

55.65

4.50

-2.61

13.09

7.95

9.33

7.85

Kotak Emerging Equity Fund

40.19

43.55

9.39

-2.61

11.76

7.95

10.87

7.85

L&T Midcap

132.15

140.41

0.46

-2.61

10.98

7.95

10.58

7.85

Mahindra Unnati Emerging Business Yojana

9.82

10.18

6.70

-0.90

Motilal Oswal Midcap 30 Fund

26.73

28.73

11.63

-2.61

8.85

7.95

9.25

7.85

Nippon India Growth

1,138.43

1,194.80

8.13

-0.90

11.76

9.61

8.97

9.30

PGIM India Midcap Opportunities

18.09

19.23

3.91

-2.61

6.44

7.95

5.13

7.85

Quant Mid Cap Fund

55.18

56.40

-1.68

1.56

8.39

11.88

5.82

10.29

SBI Magnum Midcap

70.78

75.53

0.61

1.56

3.69

11.88

6.26

10.29

Sundaram Mid Cap Fund

459.93

479.27

1.22

-0.90

6.77

9.61

8.34

9.30

Tata Midcap Growth

140.65

149.34

7.32

-2.61

12.47

7.95

8.81

7.85

Taurus Discovery (Midcap) Fund

43.43

44.91

2.70

-2.61

12.27

7.95

9.36

7.85

UTI Mid Cap

99.93

105.71

0.94

1.56

7.02

11.88

6.26

10.29

As you would be able to see from the above table, the performance over a period of 5 years is the most reliable as 1 year and 3 year returns can be pretty misleading. That is because, mid cap stocks have longer cycles and hence they need time to actually get over the cycles and give reasonable returns on the investment. Also, mid cap funds have to be benchmarked based on the correct index otherwise you may end up showing off performance or outperformance that does not really exist.
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