Looking for midcap mutual funds in June? Here are 5 funds to consider
1/8
Criteria for shortlisting these funds
ETMutualFunds shortlisted these top midcap mutual funds based on mean rolling returns, consistency in the last three years, downside risk, outperformance, asset size (threshold size is Rs 50 crore).
2/8
Axis Midcap Fund
Launched in February 2011, the midcap fund has offered 19.9% return based on rolling frequency in the last three years. Axis Mid Cap Fund has been in the third quartile in the last 13 months. The scheme had been in the fourth quartile earlier.
3/8
PGIM India Midcap Fund
Launched in December 2013, the midcap fund has offered a return of around 22.4% in the last three years based on rolling returns. PGIM India Mid cap Opportunities Fund has been in the fourth quartile for the last 26 months.
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4/8
Invesco India Midcap Fund
Launched in April 2007, the midcap fund has offered a return of around 25% in the last three years based on rolling returns. Invesco India Midcap Fund has been in the first quartile in the last 13 months. The scheme had been in the second quartile earlier.
5/8
Kotak Midcap Fund
Launched in March 2007, the scheme has offered a return of around 24.4% in the last three years based on rolling returns. The scheme had been in the second quartile in the last nine months.
6/8
Tata Mid Cap Fund
Launched in July 1994, the scheme has offered a return of around 22.9% in the last three years based on rolling return. The fund has been in the third quartile in the last month. The scheme had been in the second quartile earlier.
7/8
Considered universe
We considered the performance of regular and growth options. We considered daily rolling returns of these mid cap funds in the last three years
8/8
For whom are these funds suitable?
One should consider midcap funds only if they have very high risk tolerance and also have a longer investment horizon of, say, seven to 10 years. A longer investment horizon would help investors navigate the volatility better.