Top Midcap Mutual Funds Show Strong Performance with Over 25% CAGR
Chasing midcap mutual funds? Invesco India Mid Cap and 4 others deliver over 25% CAGR in 3 years
The Economic Times
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Five midcap mutual funds in India have achieved impressive returns of over 25% compounded annual growth rate (CAGR) over the past three years. The Invesco India Mid Cap Fund leads with a return of 27.2%, followed closely by ICICI Prudential and HSBC Midcap Funds, both delivering returns of 27%.
- 01Invesco India Mid Cap Fund tops the list with a 27.2% return.
- 02ICICI Prudential and HSBC Midcap Funds each delivered a 27% return.
- 03Nippon India Growth Mid Cap Fund also performed well with a 27% return.
- 04WhiteOak Capital Mid Cap Fund achieved a 26.8% return.
- 05Several other funds lagged, returning between 14.2% and 16%.
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In the past three years, five midcap mutual funds in India have outperformed expectations, delivering returns exceeding 25% CAGR. Leading the pack is the Invesco India Mid Cap Fund, which achieved a remarkable 27.2% return and holds a four-star rating. Both the ICICI Prudential Midcap Fund and HSBC Midcap Fund followed closely, each recording a 27% return. The Nippon India Growth Mid Cap Fund, rated five stars, matched this performance with a 27% return and an assets under management (AUM) of ₹39,676 crore (approximately $4.8 billion USD). The WhiteOak Capital Mid Cap Fund also performed admirably with a return of 26.8%. In contrast, five other funds, including the DSP Nifty Midcap 150 Quality 50 Index and UTI Nifty Midcap 150 Quality 50 Index, lagged behind with returns ranging from 14.2% to 16%.
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Investors in midcap mutual funds can expect strong returns, influencing their investment decisions and portfolio strategies.
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