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Business News/ Mutual Funds / News/  Best mid-cap mutual funds to invest in India in 2024: These 12 mid-cap MF schemes delivered the best return in one year
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Best mid-cap mutual funds to invest in India in 2024: These 12 mid-cap MF schemes delivered the best return in one year

While mid-cap mutual funds carry a significant amount of risk, certain funds have delivered strong one-year returns. Notably, Nippon India Growth Fund and Mahindra Manulife Mid Cap Fund have generated higher returns than popular indices like Nifty Midcap 50 and S&P BSE MID CAP

Best mutual funds: Here are twelve mid-cap funds that delivered the best return in one year.Premium
Best mutual funds: Here are twelve mid-cap funds that delivered the best return in one year.

Mid-cap Mutual fund (MF) schemes are considered suitable for portfolio diversification as they invest in medium-sized companies that have good growth potential. However, these mutual funds have a significant amount of risk associated with them. These funds are slightly riskier than large-cap stocks and less risky than small-cap ones.

As per data available on SMC, one of the leading financial service providers in India, the top 10 Mid-cap mutual funds in India with the highest one-year returns are Nippon India Growth Fund, Mahindra Manulife Mid Cap Fund, Motilal Oswal Midcap Fund, HDFC Mid-Cap Opportunities Fund, HDFC Mid-Cap Opportunities Fund, WhiteOak Capital Mid Cap Fund, Tata Mid Cap Growth Fund, among others.

Here are twelve mid-cap funds that delivered the best return in one year.

1)Nippon India Growth Fund - Reg - Growth

Nippon India Growth Fund - Reg - Growth has delivered a 51.10% return in one year.

2) Mahindra Manulife Mid Cap Fund - Reg - Growth

Mahindra Manulife Mid Cap Fund - Reg - Growth has delivered a 49.10% return in one year.

3) Motilal Oswal Midcap Fund - Reg - Growth

In one year span, Motilal Oswal Midcap Fund - Reg - Growth delivered a return of 45.60%.

4) HDFC Mid-Cap Opportunities Fund - Growth

HDFC Mid-Cap Opportunities Fund Growth delivered a return of 45.20%.

5) WhiteOak Capital Mid Cap Fund - Reg - Growth

WhiteOak Capital Mid Cap Fund - Reg - Growth gave 44.40% return in a year.

6) Tata Mid Cap Growth Fund - Reg - Growth

In a year, Tata Mid Cap Growth Fund - Reg - Growth delivered a 43.90 return.

7) Sundaram Mid Cap Fund - Reg - Growth

Sundaram Mid Cap Fund - Reg - Growth gave 43.40% return in a year.

8) Aditya Birla Sun Life Mid Cap Fund - Plan A-G

In a year, Aditya Birla Sun Life Mid Cap Fund - Plan A-G gave a 42.50% return

9) HSBC Midcap Fund - Reg - Growth

In a year, HSBC Midcap Fund - Reg - Growth delivered 41.70% returns.

10) Edelweiss Mid Cap Fund - Growth

Edelweiss Mid Cap Fund Growth gave a 40.9% return in a year.

11) DSP Midcap Fund - Reg - Growth

In a year, DSP Midcap Fund - Reg - Growth delivered 40% returns.

12) Franklin India Prima Fund - Growth 

Franklin India Prima Fund - Growth gave a 39.10% return in a year.

None of these mid-cap funds were able to give more returns than Nifty Midcap 50 which delivered 52.80%. However, Nippon India Growth Fund, and Mahindra Manulife Mid Cap Fund were able to generate more returns than S&P BSE MID CAP (48.70%).

Disclaimer: The views and recommendations made above are those of individual analysts, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

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ABOUT THE AUTHOR
Sangeeta Ojha
A business media enthusiast. Writes on personal finance, business and banking.
Catch all the Mutual Fund news and updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
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Published: 11 Jan 2024, 10:37 AM IST
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