Best Mid Cap Funds to Invest in 2023

Best Mid-Cap Funds

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.

Top Best Mid-Cap Funds

Fund Name

Fund Size

NAV

5 Year

7 Year

10 Year

Return

Whole Life Mid Cap Equity Fund

8,704 Cr

83.07 -0.24%

12.38%

16.05%

18.58% Highest Returns

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Multiplier

2,871 Cr

55.29 0.02%

8.32%

14.73%

16.31% Highest Returns

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Midcap Fund

835 Cr

48.22 0.04%

9.32%

12.65%

16.17% Highest Returns

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Accelerator Mid-Cap Fund II

4,325 Cr

47.85 0.07%

6.73%

13.34%

15.39% Highest Returns

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High Growth Fund

2,118 Cr

55.69 -0.02%

13.6%

15.9% Highest Returns

14.91%

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Opportunities Fund

28,153 Cr

44.3 -0.10%

13.36%

14.66% Highest Returns

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Classic Opportunities Fund

9,421 Cr

43.27 0.01%

9.93%

12.78%

13.2% Highest Returns

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Opportunity Fund

2,067 Cr

36.84 0.03%

9.54%

11.76%

12.33% Highest Returns

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Flexi Cap

1,125 Cr

33.68 -0.07%

9.76%

11.72%

11.82% Highest Returns

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Save N Grow Money Fund

72 Cr

45.13 -0.06%

8.7%

10.32% Highest Returns

10.23%

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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2023 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categori2022es

Best Mid-Cap Funds

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%

Tata AIA Life – Whole Life Mid Cap Equity Fund

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%.

TATA AIA Life Insurance Top 200 Fund

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%.

Aditya Birla Capital Multiplier

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%.

PNB Met Life Virtue II

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%.

Max Life Insurance High Growth Fund

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%.

Bajaj Allianz Accelerator Mid-Cap Fund II

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%.

HDFC Life Opportunities Fund

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%.

To sum up!

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!

FAQ's

Q. What things should an Investor consider before investing in mid-cap funds?
A. The investors should consider a lot of factors before proceeding with the investment, such as:
- Direct or Regular Plan: Regular plans are distributed through the brokers or distributors. Direct plans are purchased directly through mutual fund companies. Since direct plans do not involve commission, the expense ratio is comparatively lower.
- Performance of the fund: Analyze the probable future returns in comparison with its historical performance. Understand the volatility of the fund, its strengths and its weakness.
- Exit load: Exit load is a percentage of proceeds deducted from the redemption of such units. Every mutual fund has a designated exit load mentioned specifically in the scheme document.
- Expense Ratio: The cost varies across various investments. This helps maximize your returns.
- Fund Manager: Comprehend the capabilities of the fund manager, their experience and reliability records, and qualifications and expertise.
Q. What are the advantages of mid-cap mutual funds?
A. Some advantages of midcap funds are:
- Low amount of Investment
- Better returns than large-cap funds
- Better transparency in NAV, expense ratio and investment portfolios
- Portfolio diversification
Q. What is the tax policy for mid-cap funds?

A. A 15% tax is charged on the capital gains if the investment is sold within 12 months. However, 10% charges are levied on the gains exceeding 1 Lakh if the units are sold after one year. Likewise, any dividend exceeding Rs. 5,000/- attracts TDS of 10%.
Q. Who should consider investing in mid-cap funds?

A. Any investors seeking wealth accumulation and willing to take risks can invest in mid-cap funds.
Q. For how long should you invest in a mid-cap mutual fund?

A. Mid-cap mutual funds are equity funds. Thereby it is imperative to stay invested for a minimum of 5 years to generate adequate returns.