3 Best Mid Cap Mutual Funds to Choose Right Now

Mid-cap equity market, after a downfall of almost a year now, has started blooming again, and the main effect of that can be seen on the mid-cap funds. The schemes that were showing returns in negative have again started giving positive performance. So, to help you guys in enjoying the true benefits of this recovery, today, we are going to discuss 3 mid-cap schemes that have shown stable performance during this instability and are expected to perform even better in the coming months.

 The 3 best mid-cap schemes are:

  L&T Midcap Fund (G)

  HDFC Mid-Cap Opportunities Fund (G)

  Axis Mid Cap Fund

Let's have a look at what these schemes are and what can be expected from them in future.

1. L&T Midcap Fund (G)

This scheme is first on the list and the sole reason for that is its management and its past performance. The returns given by the scheme in 3 and 5 years of time are 15.05%, and 31.09%, respectively (as on Aug 01, 2018), and with these, it has scored 1st rank in its respective category. Now the question that arises is, "Why should I choose it?." Well, the major reason for that is its allocation in the finance sector which is 19.62% of the total equity investment. Almost all the stocks from this sector have been following an upward trend from the past few days and are expected to perform the same for the coming few months. So by investing in this mid-cap scheme now, you will also be putting your money in this sector and as the stocks keep performing well your investments will keep on increasing.

2. HDFC Mid Cap Opportunities Fund (G)

This mid-cap fund was launched on Jun 25, 2007, and since then it has gained the trust of millions of investors and it can be easily noticed by it enormous asset size of Rs 19,990 crores (as on Jun 30, 2018). The returns provided by this scheme in the past 3 and 5 years are 13.74% and 28.54%, respectively (as on Aug 01, 2018). Now, these returns may seem less from the above scheme, but keep in mind that past performance cannot determine the future of a scheme. Also, this scheme has an even greater percentage of investment in the finance sector (24.03%), so when the financial stocks will be at peak, this mid-cap fund will get the most benefit from it.

3. Axis Midcap Fund

This fund even after having an asset size of Rs 1,396 crores (as on Jun 30, 2018) has given a performance that none of the above schemes have shown. It has given a return of 17.35% in only 1 year and has beaten the benchmark and category by more than 4 times the difference. This mid-cap mutual fund has proven that with proper management, a scheme can give an outstanding performance even when the equity market is not performing well. This scheme currently has an investment of 27.24% in the finance sector, which it has increased recently and because of this, in the coming time, the returns are going to get even better.

So, these are all the mid-cap schemes that have performed really well in the past and are expected to give an even better performance in the future. For investing in all the above schemes, you will be needing an initial payment of Rs 5000 and after that, you can start a SIP for as low as Rs 1000. If you want to make an investment in these schemes or if you have any query about them, then you can contact our experts at MySIPonline.