Stock markets have reached 30K Sensex now. There are several midcap stocks that have reached 52 week high. This is reflecting in midcap mutual funds returns too. However investing in good midcap mutual funds in 2017 is key for your long term investments. Midcap mutual funds invests in midcap companies in India. These midcap mutual funds has potential to provide higher returns compared to large cap funds. However they are risky compared to other equity funds. Which are the best midcap mutual funds to invest in 2017? Which are the top mid cap mutual funds which you can still bet and invest for next 8-10 years?
Also Read: Top Performing Infra Mutual Funds to invest in India
Top 5 Best Midcap Mutual Funds to invest in 2017
These top 5 mutual funds in India have been analyzed and shortlisted based on several key parameters.
- Picked based on highest returns received in the last 1,3 and 5 years.
- Since markets have reached the peak, we have considered 3 months returns too while ranking these funds.
- Funds, which are rated by Crisil as Rank-1, Rank-2 and Rank-3 which indicates good fundamentals for these top 5 Midcap cap mutual funds.
- Value research (VRO) rated these mutual funds as 5 star and 4 star.
- AUM (Assets under management) > 500 Crores. This proves investor confidence among these top 5 mutual funds.
- Direct Plans are excluded from such list.
Who can invest in these Midcap Mutual funds?
If you are long term investor, willing to take high risk and expecting high returns, you can invest in these midcap mutual funds. You should be willing to invest for long term in case of any market crash or during bullish markets. A typical investment period of 5-10 years can fetch you amazing returns.
Top#1: Mirae Asset Equities Blue Chip Fund
Fund Objective: This fund aims to generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization and have a market capitalization of at least Rs.100 Crores at the time of investment.
Fund Performance: This fund has beaten its benchmark and provided 31% annualised returns in last 5 years. This fund gave 44% returns in the last 1 year which is the highest among the midcap funds. If one would have invested Rs 1,000 per month through SIP in this midcap fund for 5 years period, the investment would have been Rs 60,000 (1,000 x 60 months) and the fund value now would have been Rs 135,000. If you would have invested Rs 1 Lakh, 3 years back, your fund value now would have been Rs 2.5 Lakhs. If you would have invested Rs 1 Lakh, 5 years back, your fund value now would have been Rs 3.8 Lakhs.
Why to invest: This fund has beaten its peers and given highest returns in last 1 year and last 5 years. This fund is rated by Crisil as Rank-1 and Value Research Online as 5 Star. This fund risk grade is “Low” and Return Grade is “High” as per Value Research Online. One of the good midcap mutual fund to invest in 2017 for long term of 10-15 years.
Top#2: Birla SL Pure Value Fund
Fund Objective: The mutual fund scheme aims generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy i.e buying into stocks that are trading for less than their intrinsic value – stocks that the market is undervaluing.
Fund Performance: This fund has beaten its benchmark and provided 28% annualised returns in last 5 years. This fund gave 40% returns in the last 1 year which is the second highest among the midcap funds. If one would have invested Rs 1,000 per month through SIP in this midcap fund for 5 years period, the investment would have been Rs 60,000 (1,000 x 60 months) and the fund value now would have been Rs 126,000. If you would have invested Rs 1 Lakh, 3 years back, your fund value now would have been Rs 2.25 Lakhs. If you would have invested Rs 1 Lakh, 5 years back, your fund value now would have been Rs 3.5 Lakhs.
Why to invest: This fund has beaten its peers and given second highest returns in last 1 year and last 5 years. This fund is rated by Crisil as Rank-3 and Value Research Online as 4 Star. This fund risk grade is “Above Average” and Return Grade is “High” as per Value Research Online. One of the best midcap mutual fund to invest in 2017 for medium to term of 5-10 years.
Top#3: Principal Emerging Bluechip Fund
Fund Objective: This mutual fund scheme would invest between 65% to 95% in mid-cap stocks that has a market cap compared to benchmark Nifty Midcap 100 Index and 5% to 15% in Small Cap stocks.
Fund Performance: This fund has beaten its benchmark and provided 28% annualised returns in last 5 years. This fund gave 40% returns in the last 1 year which is the third highest among the midcap funds. If one would have invested Rs 1,000 per month through SIP in this midcap fund for 5 years period, the investment would have been Rs 60,000 (1,000 x 60 months) and the fund value now would have been Rs 123,000. If you would have invested Rs 1 Lakh, 3 years back, your fund value now would have been Rs 2.3 Lakhs. If you would have invested Rs 1 Lakh, 5 years back, your fund value now would have been Rs 3.5 Lakhs.
Why to invest: This fund has beaten its peers and given second highest returns in last 1 year and last 5 years. This fund is rated by Crisil as Rank-1 and Value Research Online as 4 Star. This fund risk grade is “Below Average” and Return Grade is “High” as per Value Research Online. One of the top 5 midcap mutual fund to invest now for long term of 8-10 years.
Also Read: Top 10 Mutual Funds (Diversified) for 2017
Top#4: Franklin India Prima fund
Fund Objective: This mutual fund's objective is to invest in mid sized companies.
Fund Performance: This fund has beaten its benchmark and provided 27% annualised returns in last 5 years. This fund gave 33% returns in the last 1 year which is the 4th highest among the midcap funds. If one would have invested Rs 1,000 per month through SIP in this midcap fund for 5 years period, the investment would have been Rs 60,000 (1,000 x 60 months) and the fund value now would have been Rs 120,000. If you would have invested Rs 1 Lakh, 3 years back, your fund value now would have been Rs 2.2 Lakhs. If you would have invested Rs 1 Lakh, 5 years back, your fund value now would have been Rs 3.3 Lakhs.
Why to invest: This fund has beaten its peers and given second highest returns in last 1 year and last 5 years. This fund is rated by Crisil as Rank-3 and Value Research Online as 4 Star. This fund risk grade is “Below Average” and Return Grade is “Above Average” as per Value Research Online. One of the top and best midcap mutual fund to invest in 2017 for long term of 10-15 years.
Top#5: UTI Midcap Fund
Fund Objective: This mutual fund's objective is to invest in mid sized companies.
Fund Performance: This fund has beaten its benchmark and provided 27% annualised returns in last 5 years. This fund gave 27% returns in the last 1 year which is the 5th highest among the midcap funds. If one would have invested Rs 1,000 per month through SIP in this midcap fund for 5 years period, the investment would have been Rs 60,000 (1,000 x 60 months) and the fund value now would have been Rs 117,000. If you would have invested Rs 1 Lakh, 3 years back, your fund value now would have been Rs 2.2 Lakhs. If you would have invested Rs 1 Lakh, 5 years back, your fund value now would have been Rs 3.3 Lakhs.
Why to invest: This fund has beaten its peers and given 5th highest returns in last 1 year and last 5 years. This fund is rated by Crisil as Rank-3 and Value Research Online as 4 Star. This fund risk grade is “Below Average” and Return Grade is “Above Average” as per Value Research Online. One of the good midcap mutual fund to invest for long term of 10-15 years.
Bonus Tip: HDFC Midcap opportunities fund
Fund Objective: This mutual fund's objective is to invest in mid sized companies.
Fund Performance: This fund has beaten its benchmark and provided 26% annualised returns in last 5 years. This fund gave 40% returns in the last 1 year which is the 6th highest among the midcap funds. If one would have invested Rs 1,000 per month through SIP in this midcap fund for 5 years period, the investment would have been Rs 60,000 (1,000 x 60 months) and the fund value now would have been Rs 126,000. If you would have invested Rs 1 Lakh, 3 years back, your fund value now would have been Rs 2.2 Lakhs. If you would have invested Rs 1 Lakh, 5 years back, your fund value now would have been Rs 3.2 Lakhs.
Why to invest: This fund has beaten its peers and given second highest returns in last 1 year and last 5 years. This fund is rated by Crisil as Rank-2 and Value Research Online as 4 Star. This fund risk grade is “Below Average” and Return Grade is “Average” as per Value Research Online. One of the best midcap mutual fund to invest now for long term of 10-15 years.
Also Read: Top Agressive Mutual Funds for higher returns
Overall Summary of top 5 Mid Cap Mutual Funds for 2017
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Suresh
Top 5 Best Midcap Mutual Funds to invest in 2017
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Sir,
I would like to invest in best short term Mutual funds maximum period – 1year
Please suggest 5 best companies where is return is high.
Invest amount Rs. 50000 in each company.
SIR,I AM PLANNING TO INVEST 50,000 INR IN A EQUITY MUTUAL FUND FOR LONG TERM ..PLEASE SUGGEST ME SOME EQUITY MUTUAL FUNDS….THANK YOU
You can look in these funds. 1) Large cap – Birla SL Frontline fund / ICICI Pru focussed blue chip fund 2) Mid-cap – HDFC Mid-cap opps fund / Franklin India smaller co’s / SBI Midcap fund 3) Balanced – You can check HDFC Balanced Fund / ICICI Balanced fund.
Hi Suresh,
I have invested in the following mutual funds. Please check how is the portfolio and suggest if any changes required.
1. SBI Blue Chip Fund Direct – 2000 pm
2. Birla Sun Life Frontline Equity Fund – 2000 pm
3. Mirae Asset Emerging Blue Chip Direct Fund – 1500 pm
4. Reliance Small Cap Direct Fund – 1500 pm
5. ICICI Prudential Banking & Financial Services Direct Fund – 2000 pm
Thanks