In the last three months, an investment of more than Rs 4700 crore came in Midcap Funds. Know which are the Top 3 Midcap Funds, in which inflow of about Rs 3500 crores came, which is more than 70% of the total investment made in this category.
Tremendous craze is being seen among investors towards Midcap Mutual Funds. In the April-June quarter, an investment of around Rs 4,700 crore was registered in midcap funds. In the month of June, a total inflow of Rs 1748 crore in midcap mutual funds, Rs 1195 crore in the month of May and Rs 1790 crore in the month of April came.
Talking about the performance of the Midcap index, the NIFTY Midcap 100 is currently at an all-time high of around 37300. In the last three months, there has been a jump of more than 18 percent in this index.
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Value Research said in a report that in the last three months, 70 percent of the investment in midcap funds came only in Kotak Emerging Equity Fund, SBI Magnum Midcap Fund and HDFC Mid-Cap Opportunities Fund. Let us know how the performance of these three funds has been.
SBI Magnum Midcap Fund
A total investment of Rs 770 crore came in SBI Magnum Midcap Fund in the last three months. The NAV of this fund is Rs.171.38. The size of the fund is Rs 11132 crore. The fund has 43.6% investment in midcap stocks and 24.63% in smallcap stocks. Only 4% is invested in largecap stocks. This fund has invested in 61 stocks. The fund has maximum exposure to CRISIL Ltd, Schaeffler India Ltd and Tube Investments of India.
Returns to SIP Investors
To SIP investors, this fund has given an average return of around 32% in 1 year, 21.14% in 2 years and 25.81% in 3 years. If an investor had started an SIP of Rs 10,000 in this fund three years back, then today his fund would have been worth Rs 5.22 lakh. The total amount of investment would have been Rs 3.6 lakh and the net return would have been a little over 45 per cent.
HDFC Mid-Cap Opportunities Fund
In the last three months, an investment of Rs 700 crore came in HDFC Midcap Fund. The NAV of this fund is Rs.123.50. The fund size is Rs 42731 crore. The fund has invested 55.66% in Midcap stocks and 17.94% in Smallcap stocks. The total investment in Large Cap Stocks is 3.54%. The company has invested in a total of 63 stocks. The maximum investment has been made in Indian Hotels, Cholamandlam Investment and Max Healthcare Institute.
Returns to SIP Investors
This fund has given an average return of 44.37% in 1 year, 28.64% in 2 years and 29.27% in 3 years to SIP investors. If an investor had started an SIP of Rs 10,000 in this fund three years ago, his fund would have been worth Rs 5.48 lakh today. The total amount of investment would have been Rs 3.6 lakh and the net return would have been more than 52 per cent.
(Note- Source AMFI and data based on 26 July 2023.)
Kotak Emerging Equity Fund
Kotak Emerging Equity Fund has received an inflow of about Rs 2000 crore in the last three months. The NAV of this fund is Rs.86.26. The size of the fund is Rs 29758 crore. The fund has invested 54.23% in Midcap stocks and 21.07% in Smallcap stocks. 6.4% is invested in large cap stocks. The fund has invested the maximum 4.53 per cent in Supreme Industries. After that investments have been made in Cummins India and Schaeffler India.
Returns to SIP Investors
This fund has given an average return of 27% in 1 year, 18% in two years and 22.44% in three years to SIP investors. If an investor had started an SIP of Rs 10,000 in this fund three years ago, then the value of his fund would have been around Rs 5 lakh today. The total amount of investment would have been Rs 3.6 lakh. The net return would have been around 39 per cent.
(Disclaimer: Mutual Fund investments are subject to market risks. Past performance should not be considered as a measure of future returns. This does not constitute investment advice. Consult your advisor before making any investment decision .)