Best Mid Cap Mutual Funds in 3 years (July 2023): 10 schemes with 34% to 40% SIP returns

financialexpress.com:

Best-performing Mid Cap Mutual Funds in 3 years ( till July 14, 2023): A majority of Mid Cap Mutual Fund schemes have performed well in three years. As per data on the website of Association of Mutual Funds in India (AMFI) at the time of writing, as many as 10 mid-cap funds have given over 34% returns under their direct plans. The regular plans of these schemes have also given over 32% returns.

Data shows that direct plans of as many as 9 Mid Cap Funds have also beaten the performance of their respective benchmark indices in three years.

Following is the list of the 10 top-performing Mid Cap Funds that have given over 34% returns under the direct plan in three years, as per AMFI website data.

Alert: This exercise is for informational purposes only. This article is not intended to recommend any of these funds. Investing in a top-performing fund doesn’t always guarantee good returns. Before investing in any scheme, it is recommended to consult a SEBI-registered investment advisor and invest as per your risk capacity, risk appetite and future financial goals.

Quant Mid Cap Fund

The direct plan of Quant Mid Cap Fund has given 40.82% returns while the regular plan has given 38% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

Also Read: Public Provident Fund vs Equity: How to invest for better long-term returns?

Motilal Oswal Midcap Fund

The direct plan of Motilal Oswal Midcap Fund has given 40.52% returns while the regular plan has given 38.85% returns in 3 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 34.77% return in 3 years.

SBI Magnum Midcap Fund

The direct plan of SBI Magnum Midcap Fund has given 37.21% returns while