Two Mid-Cap Funds Outperformed Their Benchmark, Given Over 42% SIP Returns In 2-Years

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Union Midcap Fund - Direct Plan-Growth

Union Midcap Fund – Direct Plan-Growth

This is a Mid Cap mutual fund scheme from Union Mutual Fund launched on 23rd March 2020. It is an open-ended highly risky small fund of its category. Under the Direct Plan-Growth scheme of this fund has worth Rs 410.2 Crores of assets under management (AUM). The Net Asset Value (NAV) of the fund declared on 29th April 2022 is Rs 27.95. The fund has an expense ratio of 1.07%, which is higher than its category average expense ratio. 

The fund has 95.85% investment in equities and 0.11% investment in Debt. The fund has the majority of its money invested in the Chemicals, Financial, Healthcare, Capital Goods, and Services sectors. The fund’s top holdings are in Varun Beverages Ltd., Laurus Labs Ltd., PI Industries Ltd., Phoenix Mills Ltd., and Max Healthcare Institute Ltd.

SIP Returns

It has given 69.09% annual average returns since its inception on lump-sum investment.

Tenure Absolute Returns Annualised Returns
1 Year 7.17% 13.56%
2 Year 42.63% 38.38%

Mirae Asset Midcap Fund - Direct Plan-Growth

Mirae Asset Midcap Fund – Direct Plan-Growth

This is an open-ended Mid Cap mutual fund scheme from Mirae Asset Mutual Fund launched on 29th July 2019. The Asset Under Management (AUM) of the fund is Rs 7475.22 Crores. Whereas, the Net Asset Value (NAV) declared on 29th April 2022 is Rs 21.43. The fund has an expense ratio of 0.62%, which is below its category average expense ratio. It is medium-sized in its category. The fund is rated a highly risky fund for investment. 

The fund has 99.72% investment in equities of which 16.25% is in large-cap stocks, 56.02% is in mid-cap stocks, and 11.74% in small-cap stocks. The fund has the majority of its money invested in the Financial, Healthcare, Automobile, Consumer Discretionary, and Materials sectors. The fund’s top holdings are in Jindal Steel & Power Ltd., Federal Bank Ltd., Axis Bank Ltd., Bharat Forge Ltd., and TVS Motor Co. Ltd.

SIP Returns

Since its inception, this fund has delivered 31.89% annual average returns on lump-sum investment.

Tenure Absolute Returns Annualised Returns
1 Year 6.14% 11.58%
2 Year 42.50% 38.26%

Disclaimers

Disclaimers

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn’t guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.



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