5 midcap funds that gave a 71-88% return last year
5 midcap funds that gave a 71-88% return last year:The five programs were among seven funds that surpassed the Nifty Midcap 150 TRI
As a result of the broader market meeting since April 2020, many midcap shares have burned. Not surprisingly, midcap funds have done well independently. However, it is important to note that only seven of the 27 midcap investments passed the Nifty Midcap 150 TRI return of 69 percent last year, according to data from ACEMF. Here are five of them, with assets over Rs 1000 crore.
The Mirae Asset Midcap Fund is next on the list with 76 percent repayments over the past one year. It has identified firms in non-permanent consumer, pharmaceutical and industrial product areas that have performed very well. The Fund manages assets of Rs 5927 crore and charges an average cost of 1.88 percent.
The ISBI Magnum Micap Fund recorded about 74 percent of taxes over the past year. The entry into the manufacturing industry and consumer goods has helped. The scheme has assets of Rs 5929 crore and charges an average cost of 2.08 percent
With a 72 percent return on investment in the past year, the Edelweiss Midcap fund ranks fourth. It carries assets of Rs 1600 crore and charges an average cost of 2.12 percent. Financial services and industrial production contributed to the efficiency of the fund.
The Kotak Emerging Equity Fund delivered 71 percent healthy in the last one year. It is one of the largest midcap funds with assets of Rs 15193 under management. It costs 1.82 percent. The exposure of industrial, cement and banking products has helped its strong performance.
Aside from the seemingly healthy performance, most of the midcap investments, have been the struggle to hit the balance index. Scheme selection is therefore very important in the midcap space. These fees are not recommendations. You should do your research and not go into the proper program or ask for help from a counselor.
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