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Below are the mid cap mutual funds in india:
HDFC Mid-Cap Opportunities Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 35.4%, a 3 Years return of 30.0% and a 5 Years return of 30.6%. The fund has an expense ratio of 0.7% and an AUM of ₹75037 crores as of 2024-12-10. It was Launched on 2013-01-01. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 93.06% to equities and 6.94% to other assets.
SBI Magnum Midcap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 26.9%, a 3 Years return of 21.1% and a 5 Years return of 28.7%. The fund has an expense ratio of 0.8% and an AUM of ₹21407 crores as of 2024-12-10.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 94.78% to equities, 0.44% to debt and 4.78% to other assets.
Nippon India Growth Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 37.8%, a 3 Years return of 29.1% and a 5 Years return of 31.2%. The fund has an expense ratio of 0.8% and an AUM of ₹34584 crores as of 2024-12-10.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 96.55% to equities, 0.02% to debt and 3.43% to other assets.
Mirae Asset Midcap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 31.4%, a 3 Years return of 22.4% and a 5 Years return of 28.6%. The fund has an expense ratio of 0.6% and an AUM of ₹16577 crores as of 2024-12-10. It was Launched on 2019-07-29. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 99.33% to equities and 0.67% to other assets.
Motilal Oswal Midcap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 65.2%, a 3 Years return of 38.1% and a 5 Years return of 35.2%. The fund has an expense ratio of 0.6% and an AUM of ₹22898 crores as of 2024-12-10. It was Launched on 2014-02-24. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 80.98% to equities, 15.13% to debt and 3.89% to other assets.
Quant Mid Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 27.4%, a 3 Years return of 27.0% and a 5 Years return of 35.1%. The fund has an expense ratio of 0.6% and an AUM of ₹8941 crores as of 2024-12-10.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 89.76% to equities, 2.61% to debt and 7.63% to other assets.
Kotak Emerging Equity Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 41.4%, a 3 Years return of 25.7% and a 5 Years return of 29.6%. The fund has an expense ratio of 0.4% and an AUM of ₹50627 crores as of 2024-12-10.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 97.10% to equities, 0.22% to debt and 2.68% to other assets.
PGIM India Midcap Opportunities Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 28.1%, a 3 Years return of 17.4% and a 5 Years return of 31.9%. The fund has an expense ratio of 0.5% and an AUM of ₹10943 crores as of 2024-12-10. It was Launched on 2013-12-02. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 97.54% to equities, 2.65% to debt and -0.19% to other assets.
ICICI Prudential Midcap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 38.2%, a 3 Years return of 23.8% and a 5 Years return of 26.9%. The fund has an expense ratio of 1.0% and an AUM of ₹6369 crores as of 2024-12-10.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 98.65% to equities, 0.37% to debt and 0.98% to other assets.
Mahindra Manulife Mid Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 41.3%, a 3 Years return of 28.9% and a 5 Years return of 31.1%. The fund has an expense ratio of 0.4% and an AUM of ₹3461 crores as of 2024-12-10. It was Launched on 2018-01-30. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 96.20% to equities and 3.80% to other assets.
Mid cap mutual funds in India are a type of equity mutual funds. They are mandated to invest at least 65% of their assets in mid cap stocks. Mid cap stocks or mid cap companies are those companies that rank 101st to 250th in terms of market capitalization. Mid cap companies have the potential to grow into large cap companies. But there are two sides to a coin. A midcap company is emerging to become an established company. However, there can be chances of a downfall.
Midcap mutual funds try to strike a balance between risk and return. These funds have higher growth potential than large cap funds at the same time are less riskier than small cap funds. Also, pure mid cap funds are riskier than large and mid cap funds. Since, the large cap allocation provides some stability for the fund portfolio,
The meaning of mid cap mutual funds is that they primarily invest in midcap companies. Some of these companies cater to emerging markets are often undervalued and under-researched. The portfolio managers of the fund house need to perform extensive research to find potential stocks for the mid cap fund portfolio.
They are highly sensitive to market conditions. Mid cap mutual funds have the potential to give high returns in good market conditions. However, adverse market conditions can drag the mutual fund scheme returns down. Hence to protect themselves from these conditions, investors must have a long term investment horizon. This will help investors overcome the effect of market fluctuations on their investments.
Mid cap mutual funds are benchmarked to mid cap Nifty Index or BSE MidCap.
Check out: Best Mid Cap Mutual Funds
Mid-cap mutual funds invest in stocks of companies that rank 101st to 250th in terms of market capitalization (falling between large-cap and small-cap stocks). Market capitalization refers to the total market value of a company’s outstanding shares of stock.
Mid-cap companies are typically in a phase of growth and expansion, potentially offering higher returns than large-cap stocks but also carrying higher risk.
The fund house pools money from investors and invest in mid cap stocks. The fund manager, along with their team of finance professionals do for a detailed market research and analysis and invest in high growth potential stocks..
Upon investment you will receive units of the mid cap fund at the net asset value (NAV). NAV for mutual funds is calculated daily at the end of the day.
An increase in the underlying stock prices increases the mid cap portfolio value, and vice-versa a decrease in price leads to lower portfolio value.
Mid cap companies though have a high growth potential are highly volatile. Thus, you must have a higher risk tolerance, and a long term investment horizon.
Mid cap equity mutual funds have good potential to generate significant returns in the long term. Though they have a certain amount of risk associated with them, investing in midcap funds has the following advantages:
Following are the limitations:
Before investing in them, the investor has to consider the following:
You must consider the performance of any investment before investing in it. Investors have to assess the historical performance of mid cap funds. They have to assess how the fund is performing over the last 5-7 years. Compare the fund’s performance with the category of mid cap funds. Compare the performance with the benchmark. Investors can choose mid cap mutual funds to invest, only if the funds are performing ahead or at par with the category and the benchmark.
It is important to consider the expense ratio of the fund while investing in a mutual fund. SEBI has capped the expense ratio for mutual funds based on the type and category. However, investors have to pick funds with the least expense ratio.
Taxation for mutual funds is important. This is because investors invest to earn returns and the returns are taxable. Investment in mid cap funds doesn’t qualify for tax exemption under Section 80C of the Income tax Act. The mid cap mutual fund returns are also taxable. The short term capital gains (gains within one year of investment) are subject to 15% tax. The long term capital gains are subject to 10% tax. Also, the long term capital gains are subject to tax only if the gains in a financial year are above INR 1,00,000.
Moreover, dividends from mid cap mutual funds are also subject to tax. Dividends are taxable as per the investor’s income tax slab rate. Dividends above INR 5,000 are subject to TDS.
In the current scenario, the dividend option might not seem attractive due to the dividend tax. Hence investors have to carefully consider which option to choose (dividend fund or growth fund option) and when to redeem (short term or long term).
Financial goals play an important role in choosing mid cap funds. Mid cap mutual funds best suit long term financial goals like a child’s education or marriage or building a house (after ten years). For short term financial goals like getting a car or going on a vacation, mid cap funds aren’t suitable.
The investment horizon of an investor is very important for choosing a mid cap mutual fund. Investors have to stay invested for at least 7-10 years to maximize benefits from these funds. In the short term, mid cap funds are subject to market fluctuations and may negatively affect the portfolio returns.
The age of an investor should be considered before investing in mid cap funds. Young investors will have long investment horizons and low financial responsibilities. Hence they will have a higher ability to take risk than investors who are nearing retirement. Therefore, investors have to consider their age before investing in these funds.
Investors might have the ability to take risks. However, they might not be willing to take the risk. Investors, before investing in mid cap funds, need to understand the risk of investing in these. These are sensitive to market conditions, and they might have the potential to earn returns but at the same time can have downside risk. Investors who worry for small short term market movements should consider investing in diversified investments. However, investors who can stay invested in mid cap funds for the long term despite market fluctuations can earn substantial returns.
Mid cap mutual funds are taxed like any other equity fund. The short term capital gains (gains within one year of investment) are taxable at 15%. The long term capital gains are taxable at 10%. Also, the long term capital gains are taxed only if the gains in a financial year are above INR 1,00,000. Moreover, dividends from mid cap equity mutual funds are also taxed. Dividends are taxed and to be paid by investors at their income tax slab rate. Dividends above INR 5,000 are subject to TDS.
Investing in an mid cap fund can be done online or offline. Here’s how to invest:
Offline:
Invest through a broker or distributor, or fill out an application form for the desired scheme and submit it to an authorized collection centre of the mutual fund.
Online:
Visit the AMC’s website or an aggregator like Scripbox. Compare funds based on returns and fund history, then make the investment.
Invest in Scripbox’s recommended best mid cap mutual funds in India by:
The primary difference between large cap and mid cap mutual funds is the stocks in which they invest.
Large-cap mutual funds primarily invest in stocks of well-established companies with substantial market capitalization, providing stability and lower risk. These companies typically have a market capitalization exceeding INR 20,000 crores and are the top 100 companies trading on the stock market by market capitalization. Large-cap funds are more conservative, and tend to generate more steady returns.
On the other hand, mid-cap mutual funds invest in stocks of medium-sized companies, with market capitalization between INR 5,000 crores and INR 20,000 crores. These are companies ranking between 101th to 250th by market capitalization. These funds offer a balance between growth potential and risk, as mid-cap companies are in a phase of expansion.
The main difference lies in the size and growth characteristics of the companies each type of mutual fund targets, influencing risk and return profiles.
The choice of investing in a mid cap mutual fund will depend on your investment goals, risk tolerance level and investment horizon. If you are a risk taker with a long term tenure and seek exposure to mid cap companies, you can invest in mid cap mutual funds.
On the contrary, if you are not a risk taker and prefer more stable investments, then mid cap funds may not suit your investment portfolio.
Mutual funds are market linked instruments and thus do not guarantee any returns. Thus, mutual funds are not secure investment options. They are risky. And, mid cap funds are high risk investment options.
The minimum investment amount for a fund varies based on the fund house. The minimum monthly SIP and lumpsum amount can range between INR 500 to INR 5,000. Thus, depending on your financial situation you can invest an amount that can help you reach your target amount.
Yes, mid cap funds offer dividend payouts. If you seek dividend payout, you must opt for Income Distribution Cum Capital Withdrawal (IDCW) option. Growth options in mutual funds will reinvest the dividends back into the fund.
Since mid cap equity mutual funds are high risk investments, a long term investment horizon of more than five years is necessary.
Mid-cap equities are companies that rank between 101 and 250, with a market cap between Rs 5000 crores and Rs 20,000 crores. This represents around 30% of the Indian stock market.
Mid cap stocks or mid cap companies are those companies that rank 101st to 250th in terms of market capitalization. Mid cap companies have the potential to grow into large cap companies. Such companies have a capital ranging between Rs 5000 crores and Rs 20,000 crores.
You can know if a company is a mid cap or not from the value of the company. According to the Indian stock market categorization, mid-cap companies are the ones with a capital between Rs 5000 crores and Rs 20,000 crores.