Top five midcap mutual funds with consistent performance over the last 10 years

A study of trailing returns shows that around 9 mid-cap schemes have delivered more than the category average return of 18.81% over the past 10 years. Out of the 19 mid-cap schemes that have been in the market for a decade, only 4 have managed to outperform the benchmark NIFTY Midcap 150 TRI, which delivered an impressive 20.8% return over the same period.

Following are the top 5 midcap funds that consistently performing over the last 10 years

Data as of August 19, 2024.

Motilal Oswal Midcap Fund

The fund's total expense ratio (TER) is 1.69% as of June 30, 2024. The fund manages total assets worth ₹14,445.55 crore as of July 31, 2024. The NAV as of August 19, 2024, stands at ₹99.5.

The fund has delivered a CAGR of 24.48% since inception, surpassing its benchmark of 18.51%. Over the past year, it has achieved a return of 68.95%, compared to 50.58% in the mid-cap category and 50.92% of the benchmark. For the 3-year and 5-year periods, the fund's returns were 37.28% and 33.37%, respectively, while the benchmark delivered 27.8% and 30.94%. Over 10 years, the fund's return was 21.53%, compared to the benchmark's 20.53%.

Edelweiss Midcap Fund

The total expense ratio stands at 1.76% as of June 30, 2024, with assets under management totalling ₹6,994.16 crore as of July 31, 2024. The current NAV is ₹96.1.

The fund's CAGR since inception is 14.55%, which is lower than the benchmark NIFTY Midcap 150 TRI at 18.51% and the category average of 22.74%. Over the past year, the fund has returned 58.82%, outperforming both the benchmark returns of 50.92% and the category average returns of 50.58%. In the 3 years, the fund's return of 26.85% is slightly below the benchmark's 27.8% but higher than the category average of 24.38%. Over 5 years, it returned 31.31%, trailing behind the benchmark's 30.94% but ahead of the category's 28.48%. The 10-year return stands at 20.83%, comparable to the benchmark's 20.53% and exceeding the category average of 18.81%.

Kotak Emerging Equity Scheme

The scheme's total assets stand at ₹50,601.84 crore as of July 31, 2024, with a TER of 1.44% as of June 30, 2024. The fund's NAV is ₹130.3.

The fund has a CAGR of 15.9% since inception, compared to the category's 22.74% and the benchmark's 18.51%. Over one year, the fund returned 47.56%, while the category and benchmark posted 50.58% and 50.92%, respectively. For three years, the fund returned 24.51%, slightly outperforming the category's 24.38% but underperforming the benchmark's 27.8%. Over five years, the fund's return of 29.27% was above the category's 28.48% but below the benchmark's 30.94%. The ten-year return for the fund is 20.76%, which surpasses the category's 18.81% and is close to the benchmark's 20.53%.

Quant Midcap Fund

It has a total asset size of ₹9,227.31 crore as of July 31, 2024, The NAV stands at ₹243.8, with a TER of 1.74% as of June 30, 2024.

In the returns analysis, the fund has delivered a CAGR of 14.56% since inception, compared to 22.74% for the category and 18.51% for the benchmark. Over 1 year, the fund's return is 56.89%, while the category is 50.58% and the benchmark is 50.92%. The 3-year returns are 31.74% for the fund, 24.38% for the category, and 27.8% for the benchmark. Over 5 years, the fund's return is 37.16%, against 28.48% for the category and 30.94% for the benchmark. The 10-year return is 20.6%, with the category at 18.81% and the benchmark at 20.53%.

HDFC Midcap Opportunities Fund

As of July 31, 2024, the fund's total assets are ₹75,382.3 crore. It has a TER of 1.41% and the NAV is ₹184.9.

The fund's CAGR since inception stands at 18.53%, slightly higher than the benchmark's 18.51% but lower than the category average of 22.74%. Over one year, the fund has returned 47.87%, trailing both the category and benchmark returns of 50.58% and 50.92%, respectively. The three-year and five-year returns are 29.35% and 30.13%, compared to 24.38% and 28.48% for the category, and 27.8% and 30.94% for the benchmark. The ten-year CAGR is 19.91%, slightly below the benchmark's 20.53% but ahead of the category's 18.81%.

Conclusion

These top five mid-cap funds have demonstrated solid performance over ten years, with returns surpassing the category average and benchmark.