Top midcap fund over 5-year period: If you are confident about India’s economy and this latest bout of correction didn’t unnerve you, you as a smart investor must continue with your investments as it can be the wisest call barring a few cases. Nonetheless, also, if you are looking to understand how exorbitantly you can grow your wealth taking the SIP route- here we are putting across the best midcap fund over a 5-year course.

Impressive SIP returns from midcap fund of an annualised 20.63 per cent 

This midcap fund has given the highest SIP return to the tune of 21.55 per cent, while its lump sum annualised return is a staggering 36.61 per cent. In comparison the category on an average has yielded a return of 30 per cent.

Also, as the mark of credibility, rating firm CRISIL has ranked this fund as 5-star rated.

Fund’s portfolio

The fund’s top-10 holdings include Coforge, Persistent Systems, Kalyan Jewellers, Polycab India, Trent, Max Healthcare, One 97 Communications, Max Healthcare, Dixon Technologies, Bharti Hexacom and KEI Industries.

Overview of the fund

Here we are talking about Motilal Oswal Midcap Fund – Direct plan (G)- which has a fund size of Rs 26,028 crore, while the expense ratio is at 0.68 per cent – lower in comparison to the category average. The fund last commanded a NAV of Rs 103.86.

The fund since launch in 2014 has given a return of over 23 per cent, while its performance is benchmarked against Nifty Midcap 150 TRI.

The minimum SIP amount and minimum lump sum investment into the fund is decided at Rs 500.

Niket Shah has been managing the fund since the year 2018.

Disclosure:

Past returns should not be the sole criteria for investment into a fund. Always check for your risk appetite as well as future financial goals to arrive at an investment decision.