Best-Performing Mid Cap Funds in 1 year (till August 4, 2023): Only seven schemes have managed to beat the Index in one year.
Best-Performing Mid Cap Funds in 1 year (till August 4, 2023): While Mid Cap mutual fund schemes are popular for their potential to increase investors’ wealth, not all of them manage to beat their respective benchmark indices. Data on the website of the Association of Mutual Funds in India (AMFI) shows that only 7 mid-cap schemes have been able to beat the index under direct plan and only four have them have done so under regular plan in 1 year.
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As many as 18 mid-cap funds have failed to beat their benchmark indices in one year under both direct and regular plans. While most of the schemes have given over 15% returns, two low-performing funds have given 10-13% return in 1 year. Following is a list of 7 top-performing mid-cap funds in 1 year, as per AMFI website data tracked till August 4, 2023.
Top-performing Mid Cap Funds in 1 year
HDFC Mid-Cap Opportunities Fund
The direct plan of HDFC Mid-Cap Opportunities Fund has given 31.30% return while the regular plan has given 30.39% return in 1 year. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 24.10% returns in 1 year.
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Taurus Discovery (Midcap) Fund
The direct plan of Taurus Discovery (Midcap) Fund has given 27.70% return while the regular plan has given 27.26% return in 1 year. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 24.10% returns in 1 year.
Motilal Oswal Midcap Fund
The direct plan of Motilal Oswal Midcap Fund has given 27.05% return while the regular plan has given 25.61% return in 1 year. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 24.10% returns in 1 year.
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Quant Mid Cap Fund
The direct plan of Quant Mid Cap Fund has given 26.55% return while the regular plan has given 23.96% return in 1 year. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 24.10% returns in 1 year.
Nippon India Growth Fund
The direct plan of Nippon India Growth Fund has given 25.18% return while the regular plan has given 24.17% return in 1 year. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 24.10% returns in 1 year.
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Tata Midcap Growth Fund
The direct plan of Tata Midcap Growth Fund has given 24.80% return while the regular plan has given 23.28% return in 1 year. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 24.10% returns in 1 year.
Mahindra Manulife Mid Cap Fund
The direct plan of Mahindra Manulife Mid Cap Fund has given 24.35% return while the regular plan has given 22.33% return in 1 year. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 24.10% returns in 1 year.
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