Top 10 Mid Cap Mutual Funds 2021-22

Introduction

Suresh has quite an experience in investing in short-term mutual funds. He is now willing to start investing in long-term mutual funds. A friend suggested he starts investing in mid-cap funds like the sbi magnum midcap fund or uti midcap fund.

If you, too, are looking to start investing in mid-cap mutual funds, keep reading this blog post to know what mid-cap mutual funds are and the best mid-cap mutual funds in India 2021-22.

What is Midcap Mutual Funds?

Mid cap mutual funds is a scheme that predominantly invests in mid-cap stocks with a minimum investment of 65% of the total assets. A mid-cap stock is companies ranked 101st -250th in terms of entire market capitalization.

Top 10 Midcap Mutual Funds in 2021-22

• Axis Midcap Fund
• DSP Midcap Fund
• Invesco India Midcap Fund
• Tata Midcap Growth Fund
• Nippon India Growth Fund
• Kotak Emerging Growth Fund
• L&T Midcap Fund
• Edelweiss Midcap Fund
• HDFC Midcap Fund
• Franklin India Prima Fund

Following is the list of the best mid cap mutual funds in India. This list contains the top 10 mid cap mutual funds for 2021-22.

1. Axis Midcap Fund-

In 2021-22, the axis midcap fund tops the chart. The axis midcap fund provides with integrated risk management process for investment. The axis midcap fund invests, particularly in entrepreneurial and innovative midcap companies.

Returns on the investment for 1 year is 55.27%, for 3 years it is 20.12%, for 5 years it is 19.34%, for 7 years, it is 17.64%, and for 10 years, it is 20.69% for the axis midcap fund.

2. DSP Midcap Fund-

The dsp midcap fund ranks 2nd on this list. The dsp midcap fund invests in midcap companies with consistent earnings. The dsp midcap fund prefers stocks with re-rating potential.

Returns on the investment for 1 year is 45.18%, for 3 years it is 17.72%, for 5 years it is 14.99%, for 7 years it is 17.17%, and for 10 years, it is 18.13% for the dsp midcap fund.

3. Invesco India Midcap Fund-

The top 3rd in India is the Invesco India midcap fund. This fund uses the bottom-up stock method along with a top-down overlay. Invests in companies with stable businesses, creating wealth over the long term.

Returns on the investment for 1 year is 51.46%, for 3 years it is 15.62%, for 5 years it is 15.99% for 7 years it is 16.27%, and for 10 years it is 18.73%.

4. Tata Midcap Growth Fund-

Tata midcap growth fund invests in high-quality and well-managed midcap companies. These mid cap mutual funds target companies with above-average growth potential.

Returns on the investment for 1 year is 59.36%, for 3 years it is 18.55%, for 5 years it is 15.89%, for 7 years it is 16.68%, and for 10 years it is 19.01%.

5. Nippon India Growth Fund-

Another best mid cap mutual funds in India 2021-22 is the Nippon India Growth fund which invests in companies with a high potential of increased profitability.

Returns on the investment for 1 year is 60.50%, for 3 years it is 18.60%, for 5 years it is 16.25%, for 7 years it is 15.93%, and for 10 years it is 16.90%.

6. Kotak Emerging Growth Fund-

This is one of the best mid cap mutual funds in the country.

Returns on the investment for 1 year is 64.79%, for 3 years it is 18.73%, for 5 years it is 16.53%, for 7 years it is 18.90%, and for 10 years it is 20.48%.

7. L&T Midcap Fund-

The L&T midcap fund invests in companies that grow faster than the broader market to achieve significant size.

Returns on the investment for 1 year is 48.57%, for 3 years it is 11.44%, for 5 years it is 14.73%, for 7 years it is 16.42%, and for 10 years it is 18.72%.

8. Edelweiss Midcap Fund-

Known for doing in-depth analysis for wealth creation, the Edelweiss midcap fund invests in good-quality companies.

Returns on the investment for 1 year is 65.04%, for 3 years it is 17.51%, for 5 years it is 16.77%, for 7 years it is 17.95%, and for 10 years it is 20.34%.

9. HDFC Midcap Fund-

Another very trusted name in the financial market, they prefer to invest in companies with good financial strength and reasonable growth prospects.

Returns on the investment for 1 year is 53.76%, for 3 years it is 12.57%, for 5 years it is 13.42%, for 7 years it is 15.66%, and for 10 years it is 18.55%.

10. Franklin India Prima Fund-

Returns on the investment for 1 year is 54.10%, for 3 years it is 12.90%, for 5 years it is 12.59%, for 7 years it is 15.41%, and for 10 years it is 18.98%.

These were the top 10 mid cap mutual funds in India 2021-22. Honorary mentions for the sbi magnum midcap fund and uti midcap fund. Though they are not top 10 best mid cap mutual funds list, the sbi magnum midcap fund and the uti midcap fund also give reasonable returns on investment. They are also now very risky.

Conclusion

If you are searching for a new type of investment, choosing mid-cap mutual funds can be beneficial. You can start your investment today by choosing one from the list above or taking advice from your financial advisor. Happy investing!