Top 10 Performing Mid-Cap Funds in 2024

Strategic Insights -

The mid-cap segment of the Indian equity market offers a mix of potential for high returns and higher risk tolerance. Investors with a medium- to long-term horizon and a higher risk appetite can consider investing in these funds. Among them, the top 10 mid-cap funds have delivered impressive returns over a five-year period. Motilal Oswal Midcap Fund leads the pack with a return of 42.55% per annum, followed closely by Quant Mid Cap Fund and Edelweiss Mid Cap Fund.

Key Takeaways:

  • Motilal Oswal Midcap Fund -- Direct Plan -- Growth led the list with a return of 42.55% per annum, turning a Rs 10,000 monthly SIP into Rs 16.8 lakh over 5 years.
  • Quant Mid Cap Fund -- Direct Plan -- Growth with 40.8% returns had turned the same SIP amount into Rs 16.14 lakh over 5 years.
  • Edelweiss Mid Cap Fund provided returns of 37.65% per annum, with a SIP value reaching over Rs 15 lakh after 5 years.
  • HDFC Mid-Cap Opportunities Fund and Invesco India Mid Cap Fund showed significant performance with annual returns of 36.32% and 34.34%, respectively.
  • SIP values of both these mid-cap funds stood at Rs 14.56 lakh and Rs 13.90 lakh after 5 years.
  • Kotak Emerging Equity Fund and Tata Mid Cap Growth Fund provided returns of 34.34% and 33.07%, with SIP values of Rs 13.91 lakh and Rs 13.50 lakh.
  • ICICI Prudential MidCap Fund and HSBC Mid Cap Fund offered returns of 32.78% and 32.42%, translating to SIP values of Rs 13.40 lakh and Rs 13.28 lakh.
  • The selected funds were ranked among the top 10 mid-cap funds for 2024, with detailed analysis of their returns, expense ratios, and SIP growth over 5 years.

Statistics:

  • Motilal Oswal Midcap Fund -- Direct Plan -- Growth:

* 5-year return: 42.55%

* SIP value: Rs 16.8 lakh

  • Quant Mid Cap Fund -- Direct Plan -- Growth:

* 5-year return: 40.8%

* SIP value: Rs 16.14 lakh

  • Edelweiss Mid Cap Fund:

* 5-year return: 37.65%

* SIP value: Rs 15 lakh

  • HDFC Mid-Cap Opportunities Fund:

* 5-year return: 36.32%

* SIP value: Rs 14.56 lakh

  • Invesco India Mid Cap Fund:

* 5-year return: 34.34%

* SIP value: Rs 13.90 lakh

Sources:

  • [Motilal Oswal Midcap Fund -- Direct Plan -- Growth]
  • [Quant Mid Cap Fund -- Direct Plan -- Growth]
  • [Edelweiss Mid Cap Fund]
  • [HDFC Mid-Cap Opportunities Fund]
  • [Invesco India Mid Cap Fund]
  • [Kotak Emerging Equity Fund]
  • [Tata Mid Cap Growth Fund]
  • [ICICI Prudential MidCap Fund]
  • [HSBC Mid Cap Fund]