Mid-Cap Funds are equity schemes that invest majorly in mid-cap stocks. Mid-cap stocks are the stock of companies that fall between the 101st to 250th rank in the market capitalization listing. Unit Linked Insurance Plan (ULIP) predominantly invests in mid-cap funds, which involve high risks and high returns to their investors. As per the SEBI guidelines, 65% of the total assets under the mid-cap funds should be invested in equity and equity-related investment instruments of mid-cap companies.
Here is a list of top mid-cap funds in the financial market.
Mid-Cap Fund Name | Fund Size | NAV | 5 years | 7 years | 10 years |
TATA AIA Life Insurance Whole Life Mid Cap Equity Fund | Rs. 8,405 Crore | 73.96% | 10.80% | 13.85% | 19.08% |
TATA AIA Life Insurance Top 200 Fund | Rs. 623 Crore | 84.63% | 16.18% | 17.25% | 17.17% |
Aditya Birla Capital Multiplier | Rs. 2,442 Crore | 48.27% | 8.53% | 12.06% | 16% |
PNB Met Life Virtue II | Rs. 1,309 Crore | 39.64% | 14.32% | 13.18% | 15.58% |
Max Life Insurance High Growth Fund | Rs. 1,565 Crore | 49.22% | 13.10% | 13.44% | 15.21% |
Bajaj Allianz Accelerator Mid-Cap Fund II | Rs. 4,255 Crore | 43.39% | 7.14% | 12.44% | 15.10% |
HDFC Life Opportunities Fund | Rs. 27,193 Crore | 39.95% | 8.08% | 11.81% | 14.61% |
ICICI Prudential Multi Cap Growth Fund | Rs. 17,624 Crore | 31.385 | 5.44% | 7.74% | 11.54% |
Following are the main highlights of TATA AIA Life Whole Life Mid Cap Equity Fund:
The date of inception of this fund is 8th January 2007.
Total fund size id Rs. 8,405 crores approximately.
The Net Value Asset (NAV) stands at 73.96% currently.
70% is the total assets in stocks.
The number of stock holdings is 45.
The top 10 holding is 23.56%.
5 year returns are 10.80%, 7 years is 13.85%, whereas 10 year returns under the fund are 19.08%.
Following are the main highlights of TATA AIA Life Insurance Top 200 Fund:
The date of inception of this fund is 12th January 2009.
Total fund size id Rs. 2,442 crores approximately.
The Net Value Asset (NAV) stands at 48.27% currently.
The fund falls under the category of India Insurance Mid-cap.
The number of equity holdings is 29, whereas other holdings are 3.
The top 10 holding is 33%.
5 year returns are 16.18%, 7 years is 17.25%, whereas 10 year returns under the fund are 17.17%.
Following are the main highlights of Aditya Birla Capital Multiplier Fund:
The date of inception of this fund is 30th October 2007.
Total fund size id Rs. 623 crores approximately.
The Net Value Asset (NAV) stands at 84.63% currently.
98.74% is the total assets in stocks.
The fund falls under the category of India Insurance Multi-cap.
The number of stock holdings is 86.
The top 10 holding is 21.62%.
5 year returns are 8.53%, 7 years is 12.06%, whereas 10 year returns under the fund are 16%.
Following are the main highlights of PNB Met Life Virtue II Fund:
The date of inception of this fund is 8th January 2010.
Total fund size id Rs. 1,309 crores approximately.
The Net Value Asset (NAV) stands at 39.64% currently.
The number of equity holdings is 129, whereas other holdings are 5.
The fund falls under the category of India Insurance Multi-cap.
The top 10 holding is 27%.
5 year returns are 14.32%, 7 years is 13.18%, whereas 10 year returns under the fund are 15.58%.
Following are the main highlights of Max Life Insurance High Growth Fund:
The date of inception of this fund is 26th February 2008.
Total fund size id Rs. 1,565 crores approximately.
The Net Value Asset (NAV) stands at 49.22% currently.
93.70% is the total assets in stocks.
The fund falls under the category of India Insurance Mid-cap.
The number of stock holdings is 70.
The top 10 holding is 30.54%.
5 year returns are 13.10%, 7 years is 13.44%, whereas 10 year returns under the fund are 15.21%.
Following are the main highlights of Bajaj Allianz Accelerator Mid-Cap Fund II:
The date of inception of this fund is 4th January 2010.
Total fund size id Rs. 4,255 crores approximately.
The Net Value Asset (NAV) stands at 43.39% currently.
98.62% is the total assets in stocks.
The fund falls under the category of India Insurance Mid-cap.
The number of stock holdings is 88.
The top 10 holding is 22.49%.
5 year returns are 7.14%, 7 years is 12.44%, whereas 10 year returns under the fund are 15.10%.
Following are the main highlights of HDFC Life Opportunities Fund:
The date of inception of this fund is 4th January 2010.
Total fund size id Rs. 27,193 crores approximately.
The Net Value Asset (NAV) stands at 39.95% currently.
76.96% is the total assets in stocks.
The fund falls under the category of India Insurance Mid-cap.
The number of stock holdings is 60.
The top 10 holding is 24.32%.
5 year returns are 8.08%, 7 years is 11.81%, whereas 10 year returns under the fund are 14.61%.
Mid Cap Funds are beneficial investment options for investors willing to take high risks for higher returns. These funds are ideal for investors having a huge capital and are in a position to risk their money in life. However, an investor must be aware of the financial market and deeply understand how it works before putting their hard-earned money in any funds.
Happy investing!
*All savings are provided by the insurer as per the IRDAI approved insurance
plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
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^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.