PGIM India Midcap Opportunities Fund Direct Growth
This mid-cap mutual fund program was launched by fund company PGIM India Mutual Fund during the year and has therefore been in existence for 8 years. According to Value Research, PGIM India Midcap Opportunities Fund’s direct growth returns over the past year have been 100.47%, with an average annual return of 21.91% since its inception.
The fund’s expense ratio is 0.34%, which is lower than the expense ratio charged by most other funds in the same category. CRISIL gave the fund a 1 star rating, Value Research gave it a 5 star rating and Morningstar gave it a 4 star rating, indicating the potential of the fund to generate positive returns. The fund has a large equity allocation in the financials, healthcare, engineering, technology and construction sectors.
Max Healthcare Institute Ltd., Mphasis Ltd., MindTree Ltd., Max Financial Services Ltd., NIIT Technologies Ltd. are the top 5 stocks in the fund. As of September 23, 2021, the net asset value (NAV) of the fund is Rs 47.01 and the fund’s assets under management (AUM) is Rs 2,709.09 Cr.
PGIM India Midcap Opportunities Fund charges an exit charge of 0.5% if units greater than 10% of the purchased value are withdrawn within 90 days of the investment date. With a minimum amount of Rs 1000, one can start SIP in this fund.
BNP Paribas Mid Cap Fund Growth
This fund was launched in 2006 by the fund company BNP Paribas Mutual Fund and has therefore been active for 15 years. According to Value Research, BNP Paribas Midcap Fund-Growth’s returns over the past year have been 75.36%, with an average annual return of 12.17% since its launch.
The fund’s expense ratio is 2.24%, which is well above the expense ratio of comparable mid-cap funds. CRISIL gave the BNP Paribas Mid Cap Fund a rating of 1 or 5 stars, Value Research gave it a 3-star rating and Morningstar gave it a 4-star rating. The bulk of the fund’s sector allocation to equities is diversified into the financials, healthcare, chemicals, engineering and technology sectors. Voltas Ltd., Bharat Electronics Ltd., Gujarat Gas Ltd., Mphasis Ltd., Apollo Hospitals Enterprise Ltd. are currently the top 5 holdings of the fund.
The net asset value (NAV) of the fund is Rs 58.63 and its assets under management (AUM) is Rs 1,060.02 Cr as of September 23, 2021. The fund charges an exit charge of 1% if purchased shares represent more than 10% of the investment. amount are withdrawn within one year from the date of purchase. One can start SIP in this fund with a minimum amount of Rs 1500.
2 Mid Cap funds ranked 1 by CRISIL
Based on the ratings given by various agencies as noted above, here are two mid-cap mutual funds that have delivered strong returns over the past year.
|Funds||1 month returns||6 months of returns||1 year of returns||3 years of returns||5 years of returns|
|PGIM India Midcap Opportunities Fund||10.12%||38.84%||100.47%||34.16%||22.06%|
|BNP Paribas Mid Cap Fund Growth||7.34%||26.11%||75.36%||22.32%||15.53%|
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