{"id":7378,"date":"2024-06-11T14:29:07","date_gmt":"2024-06-11T08:59:07","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=7378"},"modified":"2024-06-27T15:22:15","modified_gmt":"2024-06-27T09:52:15","slug":"best-midcap-mutual-funds-in-india","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/best-midcap-mutual-funds-in-india\/","title":{"rendered":"10 Best Midcap Mutual Funds in India to Invest in 2024"},"content":{"rendered":"\n\n\n<p>Investing in mutual funds is a smart way to grow your money over time. With so many options available, finding the right one can be overwhelming. That's where the best midcap mutual funds come into play. These funds invest in mid-sized companies that have the potential to grow significantly. In 2024, midcap <a href=\"https:\/\/lakshmishree.com\/blog\/best-mutual-funds-for-lumpsum-investment\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-mutual-funds-for-lumpsum-investment\/\" target=\"_blank\" rel=\"noreferrer noopener\">mutual funds<\/a> in India are expected to be especially rewarding due to their balanced approach to growth and risk. They offer a sweet spot for <a href=\"https:\/\/lakshmishree.com\/blog\/types-of-investors-in-stock-market\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/types-of-investors-in-stock-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">investors<\/a>, providing a mix of stability and high returns, making them a great choice for long-term investors.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__align-left uagb-block-4a76bf23\"><button class=\"uagb-notice-close-button\" type=\"button\" aria-label=\"Close\"><\/button><h4 class=\"uagb-notice-title\">Key Takeaways<\/h4><div class=\"uagb-notice-text\">\n<p><strong>1. Midcap mutual funds offer significant growth potential.<br>2. They provide diversification benefits with moderate risk.<br>3. Ideal for investors with a long-term horizon.<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Content<\/h2><nav><ul><li class=\"\"><a href=\"#what-is-midcap-mutual-funds\">What is Midcap Mutual Funds?<\/a><\/li><li class=\"\"><a href=\"#10-best-midcap-mutual-funds-to-invest-in-2024\">10 Best Midcap Mutual Funds to Invest in 2024<\/a><\/li><li class=\"\"><a href=\"#why-to-invest-in-midcap-mutual-funds\">Why to Invest in Midcap Mutual Funds?<\/a><\/li><li class=\"\"><a href=\"#who-should-invest-in-midcap-mutual-funds\">Who Should Invest in Midcap Mutual Funds?<\/a><\/li><li class=\"\"><a href=\"#factors-to-consider-before-investing-in-midcap-mutual-funds\">Factors to Consider Before Investing in Midcap Mutual Funds<\/a><\/li><li class=\"\"><a href=\"#risks-involved-in-midcap-mutual-funds\">Risks Involved in Midcap Mutual Funds<\/a><\/li><li class=\"\"><a href=\"#taxation-on-midcap-mutual-funds\">Taxation on Midcap Mutual Funds<\/a><\/li><li class=\"\"><a href=\"#overview-of-best-midcap-mutual-funds-to-invest-in-2024\">Overview of Best Midcap Mutual Funds to Invest in 2024<\/a><\/li><li class=\"\"><a href=\"#how-to-start-investing-in-the-best-midcap-mutual-funds\">How to Start Investing in the Best Midcap Mutual Funds<\/a><\/li><li class=\"\"><a href=\"#conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-midcap-mutual-funds\">What is Midcap Mutual Funds?<\/h2>\n\n\n\n<p>Midcap mutual funds invest in mid-sized companies that have a<a href=\"https:\/\/www.investopedia.com\/terms\/m\/marketcapitalization.asp\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.investopedia.com\/terms\/m\/marketcapitalization.asp\" rel=\"noreferrer noopener\"> market capitalization<\/a> ranging from Rs 5,000 crores to Rs 20,000 crores. These companies are typically in a growth phase, offering a blend of stability and potential for high returns. Midcap funds are positioned between<a href=\"https:\/\/www.investopedia.com\/terms\/l\/large-cap.asp\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.investopedia.com\/terms\/l\/large-cap.asp\" rel=\"noreferrer noopener nofollow\"> large-cap funds<\/a>, which invest in well-established companies, and <a href=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" rel=\"noreferrer noopener\">small-cap funds<\/a>, which target emerging firms with higher risk and reward profiles.<\/p>\n\n\n\n<p>Investing in midcap mutual funds can be an excellent way to capitalize on the growth potential of mid-sized companies. These firms often have substantial room to expand and innovate, leading to higher returns for investors. Unlike large-cap funds, which offer more stability but lower growth prospects, midcap funds strike a balance between risk and reward. They are less volatile than <a href=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" target=\"_blank\" rel=\"noreferrer noopener\">small-cap funds<\/a>, making them a more attractive option for moderate risk-takers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"10-best-midcap-mutual-funds-to-invest-in-2024\">10 Best Midcap Mutual Funds to Invest in 2024<\/h2>\n\n\n\n<p>As we enter 2024, let\u2019s highlight the <strong>10 Top Midcap Mutual Funds<\/strong> to invest in, considering 'fund performance' as a key criterion for selection. Each fund\u2019s unique strategy and asset allocation promises to cater to different investor profiles and financial goals. The chart below is prepared as per the highest 5-year return.<\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table is-style-regular wp-container-content-9cfa9a5a\" style=\"font-size:14px;font-style:normal;font-weight:500\"><table><thead><tr><th>10 Best Midcap Mutual Funds (2024)<\/th><th>5Yr Return<\/th><\/tr><\/thead><tbody><tr><td><a href=\"#1-quant-mid-cap-direct-growth\" data-type=\"internal\" data-id=\"#1-quant-mid-cap-direct-growth\"><strong>1. Quant Mid Cap<\/strong> Direct Growth<\/a><\/td><td>366.29%<\/td><\/tr><tr><td><a href=\"#2-motilal-oswal-midcap-direct-growth\" data-type=\"internal\" data-id=\"#2-motilal-oswal-midcap-direct-growth\"><strong>2. Motilal Oswal Midcap<\/strong> Direct Growth<\/a><\/td><td>268.45%<\/td><\/tr><tr><td><a href=\"#3-mahindra-manulife-midcap-direct-growth\" data-type=\"internal\" data-id=\"#3-mahindra-manulife-midcap-direct-growth\"><strong>3. Mahindra Manulife Midca<\/strong>p Direct Growth<\/a><\/td><td>253.92%<\/td><\/tr><tr><td><a href=\"#4-pgim-india-midcap-opps-fund-direct-growth\" data-type=\"internal\" data-id=\"#4-pgim-india-midcap-opps-fund-direct-growth\"><strong>4. PGIM India Midcap Opps Fund<\/strong> Direct-Growth<\/a><\/td><td>248.46%<\/td><\/tr><tr><td><a href=\"#5-edelweiss-mid-cap-direct-growth\" data-type=\"internal\" data-id=\"#5-edelweiss-mid-cap-direct-growth\"><strong>5. Edelweiss Mid Cap<\/strong> Direct Growth<\/a><\/td><td>242.26%<\/td><\/tr><tr><td><a href=\"#6-nippon-india-growth-direct-growth\" data-type=\"internal\" data-id=\"#6-nippon-india-growth-direct-growth\"><strong>6. Nippon India Growth<\/strong> Direct Growth<\/a><\/td><td>233.78%<\/td><\/tr><tr><td><a href=\"#7-hdfc-mid-cap-opportunities-direct-growth\" data-type=\"internal\" data-id=\"#7-hdfc-mid-cap-opportunities-direct-growth\"><strong>7. HDFC Mid-Cap Opportunities<\/strong> Direct Growth<\/a><\/td><td>221.89%<\/td><\/tr><tr><td><a href=\"#8-kotak-emerging-equity-direct-growth\" data-type=\"internal\" data-id=\"#8-kotak-emerging-equity-direct-growth\"><strong>8. Kotak Emerging Equity<\/strong> Direct Growth<\/a><\/td><td>221.76%<\/td><\/tr><tr><td><a href=\"#9-sbi-magnum-midcap-direct-growth\" data-type=\"internal\" data-id=\"#9-sbi-magnum-midcap-direct-growth\">9. SBI Magnum Midcap Direct Growth<\/a><\/td><td>218.59%<\/td><\/tr><tr><td><a href=\"#10-invesco-india-midcap-direct-growth\" data-type=\"internal\" data-id=\"#10-invesco-india-midcap-direct-growth\"><strong>10. Invesco India Midcap<\/strong> Direct Growth<\/a><\/td><td>215.44%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Absolute Return taken on 10\/06\/24 , Source: Trendlyne<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"why-to-invest-in-midcap-mutual-funds\">Why to Invest in Midcap Mutual Funds?<\/h2>\n\n\n\n<div style=\"height:17px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-uagb-image alignleft uagb-block-a03da598 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-left uag-hide-tab uag-hide-mob\"><figure class=\"wp-block-uagb-image__figure\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Instagram-Post-14-1024x1024.png ,https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Instagram-Post-14.png 780w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Instagram-Post-14.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Instagram-Post-14-1024x1024.png\" alt=\"Why to Invest in Midcap Mutual Funds?\" class=\"uag-image-7415\" width=\"258\" height=\"140\" title=\"Why to Invest in Midcap Mutual Funds?\" loading=\"lazy\" role=\"img\"\/><\/figure><\/div>\n\n\n\n<p>For several reasons, investing in the best midcap mutual funds is a smart choice. First, midcap companies are in their growth phase, meaning they have significant potential to expand and increase their market share. This growth phase can translate into higher returns for<a href=\"https:\/\/lakshmishree.com\/blog\/types-of-investors-in-stock-market\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/types-of-investors-in-stock-market\/\" target=\"_blank\" rel=\"noreferrer noopener\"> investors<\/a> compared to large-cap funds, which invest in more established companies with less room for rapid growth. By investing in midcap mutual funds, you can benefit from the success of companies on their way to becoming industry leaders.<\/p>\n\n\n\n<p>Moreover, midcap mutual funds offer a balanced risk-reward profile. While they are riskier than large-cap funds, they are generally less volatile than <a href=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" rel=\"noreferrer noopener\">small-cap funds<\/a>. This makes them a good option for investors who are willing to take on some risk for the possibility of higher returns but do not want the extreme volatility that comes with <a href=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" rel=\"noreferrer noopener\">small-cap funds<\/a>. Overall, midcap mutual funds are a great way to diversify your <a href=\"https:\/\/www.hindustanbytes.com\/importance-of-diversification-in-stock-market-portfolios-highlighted-by-salil-shah-md-of-lakshmishree\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.hindustanbytes.com\/importance-of-diversification-in-stock-market-portfolios-highlighted-by-salil-shah-md-of-lakshmishree\" rel=\"noreferrer noopener nofollow\">investment portfolio<\/a> and take advantage of the growth potential of mid-sized companies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"advantages-of-midcap-mutual-funds\">Advantages of Midcap Mutual Funds<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>High Growth Potential:<\/strong> Midcap mutual funds invest in rapidly expanding companies. These companies often have innovative products or services and are growing their market presence, which can lead to higher returns for <a href=\"https:\/\/lakshmishree.com\/blog\/types-of-investors-in-stock-market\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/types-of-investors-in-stock-market\/\" rel=\"noreferrer noopener\">investors<\/a>.<\/li>\n\n\n\n<li><strong>Diversification:<\/strong> Investing in midcap mutual funds means spreading your money across various mid-sized companies. This diversification helps reduce the overall risk of your<a href=\"https:\/\/www.hindustanbytes.com\/importance-of-diversification-in-stock-market-portfolios-highlighted-by-salil-shah-md-of-lakshmishree\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.hindustanbytes.com\/importance-of-diversification-in-stock-market-portfolios-highlighted-by-salil-shah-md-of-lakshmishree\" rel=\"noreferrer noopener\"> investment portfolio <\/a>because it does not rely on the success of a single company.<\/li>\n\n\n\n<li><strong>Professional Management:<\/strong> Midcap mutual funds are managed by skilled professionals who carefully select companies with strong growth prospects. Their expertise can help identify promising <a href=\"https:\/\/lakshmishree.com\/blog\/best-investment-options-in-india-2023\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-investment-options-in-india-2023\/\" rel=\"noreferrer noopener\">investment opportunities<\/a> and manage the associated risks.<\/li>\n\n\n\n<li><strong>Moderate Risk:<\/strong> While mid-cap funds are more volatile than large-cap funds, they are generally less risky than<a href=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" rel=\"noreferrer noopener\"> small-cap funds<\/a>. This moderate risk level makes them an attractive option for investors seeking a balance between risk and reward.<\/li>\n<\/ol>\n\n\n\n<div class=\"wp-block-uagb-image aligncenter uagb-block-52e2762d wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-center\"><figure class=\"wp-block-uagb-image__figure\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Start-Investing-in-Dividend-Paying-Stocks-without-paying-any-annual-Maintenance-fee-4-1024x315.png ,https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Start-Investing-in-Dividend-Paying-Stocks-without-paying-any-annual-Maintenance-fee-4.png 780w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Start-Investing-in-Dividend-Paying-Stocks-without-paying-any-annual-Maintenance-fee-4.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Start-Investing-in-Dividend-Paying-Stocks-without-paying-any-annual-Maintenance-fee-4-1024x315.png\" alt=\"Best Midcap Mutual Funds\" class=\"uag-image-7413\" width=\"564\" height=\"162\" title=\"Best Midcap Mutual Funds\" loading=\"lazy\" role=\"img\"\/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"who-should-invest-in-midcap-mutual-funds\">Who Should Invest in Midcap Mutual Funds?<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Investors with Higher Risk Tolerance:<\/strong> Midcap <a href=\"https:\/\/lakshmishree.com\/blog\/best-mutual-funds-for-lumpsum-investment\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-mutual-funds-for-lumpsum-investment\/\" rel=\"noreferrer noopener\">mutual funds<\/a> are ideal for those comfortable taking on more risk for higher returns. If you can handle short-term market ups and downs, these funds might be a good fit for you.<\/li>\n\n\n\n<li><strong>Long-term Investors:<\/strong> These funds are best for people who plan to invest their money for several years. Midcap companies need time to grow and reach their full potential, so a<a href=\"https:\/\/lakshmishree.com\/blog\/long-term-capital-gains-tax\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/long-term-capital-gains-tax\/\" rel=\"noreferrer noopener\"> long-term investment<\/a> horizon can help you benefit from this growth.<\/li>\n\n\n\n<li><strong>Portfolio Diversifiers:<\/strong> If you already have investments in large-cap and small-cap funds, midcap mutual funds can add a good balance to your portfolio. They offer a middle ground between the stability of large-cap funds and the high risk and reward of <a href=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" rel=\"noreferrer noopener\">small-cap funds<\/a>.<\/li>\n\n\n\n<li><strong>Investors Seeking Growth Opportunities:<\/strong> Midcap mutual funds often invest in emerging companies with strong growth potential. If you want to invest in companies that could become the leaders of tomorrow, these funds provide a great opportunity.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"factors-to-consider-before-investing-in-midcap-mutual-funds\">Factors to Consider Before Investing in Midcap Mutual Funds<\/h2>\n\n\n\n<p>Before investing in midcap mutual funds, evaluating several factors to ensure they align with your investment goals and risk tolerance is important. Here are some key points to consider:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Past Performance:<\/strong> Look at the fund's <a href=\"https:\/\/corporatefinanceinstitute.com\/resources\/career-map\/sell-side\/capital-markets\/historical-returns\/#:~:text=To%20begin%20calculating%20the%20historical,e.g.%2C%205%20years%20or%20more.\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/corporatefinanceinstitute.com\/resources\/career-map\/sell-side\/capital-markets\/historical-returns\/#:~:text=To%20begin%20calculating%20the%20historical,e.g.%2C%205%20years%20or%20more.\" rel=\"noreferrer noopener\">historical returns<\/a> over different time periods. While past performance doesn't guarantee future results, it can give you an idea of how the fund has performed in various market conditions.<\/li>\n\n\n\n<li><strong>Fund Manager Expertise:<\/strong> The experience and track record of the fund manager are crucial. A skilled manager can make a significant difference in the fund's performance by making informed <a href=\"https:\/\/lakshmishree.com\/blog\/fundamental-analysis-of-stock\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/fundamental-analysis-of-stock\/\" rel=\"noreferrer noopener\">investment decisions<\/a>.<\/li>\n\n\n\n<li><strong>Expense Ratio:<\/strong> The <a href=\"https:\/\/lakshmishree.com\/blog\/what-is-expense-ratio-in-mutual-funds\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/what-is-expense-ratio-in-mutual-funds\/\" rel=\"noreferrer noopener\">expense ratio<\/a> represents the annual fees the fund charges its investors. A lower expense ratio means more money stays invested, potentially leading to higher returns.<\/li>\n\n\n\n<li><strong>Volatility:<\/strong> Midcap funds can be more<a href=\"https:\/\/www.investopedia.com\/investing\/understanding-volatility-measurements\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.investopedia.com\/investing\/understanding-volatility-measurements\/\" rel=\"noreferrer noopener nofollow\"> volatile<\/a> than large-cap funds but less so than small-cap funds. Consider your comfort level with market fluctuations when choosing a midcap mutual fund.<\/li>\n\n\n\n<li><strong>Investment Horizon:<\/strong> Midcap mutual funds are generally better suited for long-term investments. Be prepared to stay invested for several years to benefit fully from mid-sized companies' growth potential.<\/li>\n\n\n\n<li><strong>Downside Capture Ratio:<\/strong> This ratio shows how well the fund performs in a falling market. A lower <a href=\"https:\/\/www.morningstar.com\/investing-definitions\/upside-downside-capture-ratio\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.morningstar.com\/investing-definitions\/upside-downside-capture-ratio\" rel=\"noreferrer noopener nofollow\">downside capture ratio <\/a>indicates that the fund tends to lose less than the market during downturns, which can be reassuring for risk-averse investors.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"risks-involved-in-midcap-mutual-funds\">Risks Involved in Midcap Mutual Funds<\/h2>\n\n\n\n<p>Investing in midcap mutual funds comes with certain risks that you should be aware of before committing your money. Here are some key risks to consider:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Market Volatility:<\/strong> Midcap funds can experience significant price swings due to <a href=\"https:\/\/lakshmishree.com\/blog\/what-is-india-vix-volatility-index\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/what-is-india-vix-volatility-index\/\">market fluctuations<\/a>. The value of your investment can go up or down rapidly, making them riskier than large-cap funds.<\/li>\n\n\n\n<li><strong>Limited Track Record:<\/strong> Mid-sized companies often have shorter histories than large-cap companies. This limited track record can make predicting their future performance and stability harder.<\/li>\n\n\n\n<li><strong>Managerial Dependency:<\/strong> The success of midcap mutual funds heavily relies on the skills and decisions of the <a href=\"https:\/\/www.investopedia.com\/terms\/f\/fundmanager.asp#:~:text=A%20fund%20manager%20is%20responsible%20for%20implementing%20a%20fund&#039;s%20investment,and%20make%20important%20investment%20decisions.\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.investopedia.com\/terms\/f\/fundmanager.asp#:~:text=A%20fund%20manager%20is%20responsible%20for%20implementing%20a%20fund&#039;s%20investment,and%20make%20important%20investment%20decisions.\" rel=\"noreferrer noopener nofollow\">fund manager<\/a>. If the manager makes poor investment choices, it can negatively impact the fund's returns.<\/li>\n\n\n\n<li><strong>Economic Sensitivity:<\/strong> Midcap companies can be more sensitive to economic changes than larger companies. Economic downturns, <a href=\"https:\/\/www.bankbazaar.com\/home-loan\/repo-rate.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.bankbazaar.com\/home-loan\/repo-rate.html\" rel=\"noreferrer noopener\">interest rate changes<\/a>, or sector-specific challenges can significantly affect their performance.<\/li>\n\n\n\n<li><strong>Liquidity Risk:<\/strong> Some midcap stocks may have lower trading volumes, making it harder to buy or sell shares without affecting the stock price. This can impact the fund\u2019s ability to manage its portfolio efficiently.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"taxation-on-midcap-mutual-funds\">Taxation on Midcap Mutual Funds<\/h2>\n\n\n\n<p>Understanding the tax rules for midcap mutual funds can help you plan your investments better. Here are the key tax aspects you need to know:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Short-term Capital Gains (STCG):<\/strong> If you sell your midcap mutual fund units within one year of buying them, any profit you make is considered a short-term capital gain (STCG). This gain is taxed at 15%, regardless of your income tax bracket.<\/li>\n\n\n\n<li><strong>Long-term Capital Gains (LTCG):<\/strong> If you hold onto your midcap mutual fund units for over one year before selling them, the profit is called a <a href=\"https:\/\/lakshmishree.com\/blog\/long-term-capital-gains-tax\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/long-term-capital-gains-tax\/\" target=\"_blank\" rel=\"noreferrer noopener\">long-term capital gain (LTCG)<\/a>. Gains up to Rs 1 lakh in a financial year are tax-free. However, any amount over this is taxed at 10% without indexation benefits.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"tax-benefits-under-section-80-c-for-elss-funds\">Tax Benefits Under Section 80C for ELSS Funds<\/h3>\n\n\n\n<p><a href=\"https:\/\/www.linkedin.com\/posts\/lakshmishreegroup_lakshmishree-investment-stocktrading-activity-7198655211689689088-Ydxz\" data-type=\"link\" data-id=\"https:\/\/www.linkedin.com\/posts\/lakshmishreegroup_lakshmishree-investment-stocktrading-activity-7198655211689689088-Ydxz\" target=\"_blank\" rel=\"noreferrer noopener\">Equity Linked Savings Schemes<\/a> (ELSS) are a special type of mutual fund that offer tax benefits. By investing in ELSS, you can deduct up to Rs 1.5 lakh from your taxable income under Section 80C of the Income Tax Act. These funds come with a three-year lock-in period, which is shorter compared to other tax-saving options. ELSS funds mainly invest in stocks, including midcap stocks, giving you both tax savings and the potential for good returns. This makes them a popular choice for investors looking to save on taxes while also growing their money.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"dividend-distribution-tax-ddt-and-its-implications\">Dividend Distribution Tax (DDT) and Its Implications<\/h3>\n\n\n\n<p>Previously, <a href=\"https:\/\/lakshmishree.com\/blog\/what-is-dividend-in-stock-market\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/what-is-dividend-in-stock-market\/\">dividends<\/a> from mutual funds were taxed before reaching investors, known as <a href=\"https:\/\/cleartax.in\/glossary\/dividend-distribution-tax-ddt\/#:~:text=Any%20domestic%20company%20in%20India,rate%20excludes%20surcharge%20and%20cess.\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/cleartax.in\/glossary\/dividend-distribution-tax-ddt\/#:~:text=Any%20domestic%20company%20in%20India,rate%20excludes%20surcharge%20and%20cess.\" rel=\"noreferrer noopener nofollow\">Dividend Distribution Tax <\/a>(DDT). Now, dividends are added to your total income and taxed according to your income tax slab. This means if you receive <a href=\"https:\/\/lakshmishree.com\/blog\/highest-dividend-paying-stocks-in-india\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/highest-dividend-paying-stocks-in-india\/\" rel=\"noreferrer noopener\">dividends<\/a> from your midcap mutual funds, you will pay tax on them based on your overall income level.<\/p>\n\n\n\n<div class=\"wp-block-uagb-image aligncenter uagb-block-738bebcc wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-center\"><figure class=\"wp-block-uagb-image__figure\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Start-Investing-in-Dividend-Paying-Stocks-without-paying-any-annual-Maintenance-fee-4-1024x315.png ,https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Start-Investing-in-Dividend-Paying-Stocks-without-paying-any-annual-Maintenance-fee-4.png 780w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Start-Investing-in-Dividend-Paying-Stocks-without-paying-any-annual-Maintenance-fee-4.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/06\/Start-Investing-in-Dividend-Paying-Stocks-without-paying-any-annual-Maintenance-fee-4-1024x315.png\" alt=\"Best Midcap Mutual Funds\" class=\"uag-image-7413\" width=\"564\" height=\"162\" title=\"Best Midcap Mutual Funds\" loading=\"lazy\" role=\"img\"\/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"overview-of-best-midcap-mutual-funds-to-invest-in-2024\">Overview of Best Midcap Mutual Funds to Invest in 2024<\/h2>\n\n\n\n<p>Here is an overview of the 10 Top Midcap Mutual Funds and their <a href=\"https:\/\/lakshmishree.com\/blog\/what-is-expense-ratio-in-mutual-funds\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/what-is-expense-ratio-in-mutual-funds\/\">Expense Ratio<\/a>, <a href=\"https:\/\/lakshmishree.com\/blog\/what-is-nav-net-asset-value-in-mutual-funds\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/what-is-nav-net-asset-value-in-mutual-funds\/\" target=\"_blank\" rel=\"noreferrer noopener\">NAV<\/a>, and Returns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-quant-mid-cap-direct-growth\">1. Quant Mid Cap Direct Growth<\/h3>\n\n\n\n<p>Quant Mid Cap Fund Direct-Growth is one of the best midcap mutual funds introduced by Quant Mutual Fund. Investors were allowed to access this programme on April 15, 1996. Sanjeev Sharma is the current fund manager of the Quant Mid Cap Fund Direct-Growth fund.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NAV: Rs 264.48<\/li>\n\n\n\n<li>Expense Ratio: 0.62%<\/li>\n\n\n\n<li>AUM: Rs 6920.17 Cr<\/li>\n\n\n\n<li>Minimum lump sum investment: Rs.1000<\/li>\n<\/ul>\n\n\n\n<p><strong>Returns:&nbsp;<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure style=\"font-size:15px\" class=\"wp-block-table\"><table><tbody><tr><td><strong>1Y Return (%)<\/strong><\/td><td><strong>3Y Return (%)<\/strong><\/td><td><strong>5Y Return (%)<\/strong><\/td><\/tr><tr><td>&nbsp;73.78<\/td><td>144.29<\/td><td>366.29<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Note: Based on Absolute Return<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-motilal-oswal-midcap-direct-growth\">2. Motilal Oswal Midcap Direct Growth<\/h3>\n\n\n\n<p>Motilal Oswal Mutual Fund introduced the Motilal Oswal Midcap Fund Direct Growth equity mutual fund scheme. Investors were allowed to access this plan on December 29, 2009. The Motilal Oswal Midcap Fund Direct Growth fund's current fund managers are Abhiroop Mukherjee, Akash Singhania, and Siddharth Bothra.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NAV: Rs 100.23<\/li>\n\n\n\n<li>Expense Ratio: 0.65%<\/li>\n\n\n\n<li>AUM: Rs 9819.09 Cr<\/li>\n\n\n\n<li>Minimum lump sum investment: Rs.500<\/li>\n<\/ul>\n\n\n\n<p><strong>Returns:&nbsp;<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure style=\"font-size:15px\" class=\"wp-block-table\"><table><tbody><tr><td><strong>1Y Return (%)<\/strong><\/td><td><strong>3Y Return (%)<\/strong><\/td><td><strong>5Y Return (%)<\/strong><\/td><\/tr><tr><td>55.72<\/td><td>157.19<\/td><td>268.45<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Note: Based on Absolute Return<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"3-mahindra-manulife-midcap-direct-growth\">3. Mahindra Manulife Midcap Direct Growth<\/h3>\n\n\n\n<p>Mahindra Manulife Mid Cap Fund is one of the best Midcap mutual funds introduced by Mahindra Mutual Fund. Investors were allowed to access this plan from February 4, 2016. The current fund manager of the Mahindra Manulife Mid Cap Fund Direct-Growth fund is V Balasubramanian.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NAV: Rs 34.43<\/li>\n\n\n\n<li>Expense Ratio: 0.45%<\/li>\n\n\n\n<li>AUM: Rs 2433.01 Cr<\/li>\n\n\n\n<li>Minimum lump sum investment: Rs.500<\/li>\n<\/ul>\n\n\n\n<p><strong>Returns:&nbsp;<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure style=\"font-size:15px\" class=\"wp-block-table\"><table><tbody><tr><td><strong>1Y Return (%)<\/strong><\/td><td><strong>3Y Return (%)<\/strong><\/td><td><strong>5Y Return (%)<\/strong><\/td><\/tr><tr><td>60.54<\/td><td>113.03<\/td><td>253.92<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Note: Based on Absolute Return<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"4-pgim-india-midcap-opps-fund-direct-growth\">4. PGIM India Midcap Opps Fund Direct-Growth<\/h3>\n\n\n\n<p>PGIM India Mutual Fund introduced the PGIM India Midcap Opportunities Fund Direct Growth equity mutual fund scheme. Investors were allowed to access this plan on May 13, 2010. The current fund manager of the PGIM India Midcap Opportunities Fund Direct Growth fund is Avinash Agarwal, Kumaresh Ramakrishnan. <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NAV: Rs 67.51<\/li>\n\n\n\n<li>Expense Ratio: 0.45%<\/li>\n\n\n\n<li>AUM: Rs 10154.97 Cr<\/li>\n\n\n\n<li>Minimum lump sum investment: Rs.1000<\/li>\n<\/ul>\n\n\n\n<p><strong>Returns:&nbsp;<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure style=\"font-size:15px\" class=\"wp-block-table\"><table><tbody><tr><td><strong>1Y Return (%)<\/strong><\/td><td><strong>3Y Return (%)<\/strong><\/td><td><strong>5Y Return (%)<\/strong><\/td><\/tr><tr><td>31.17<\/td><td>72.58<\/td><td>248.46<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Note: Based on Absolute Return<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"5-edelweiss-mid-cap-direct-growth\">5. Edelweiss Mid Cap Direct Growth<\/h3>\n\n\n\n<p>The Edelweiss Mutual Fund introduced the Edelweiss Mid Cap Direct Plan-Growth, an equity mutual fund scheme. Investors were allowed to access this plan on April 30, 2008. Edelweiss Mid Cap Direct Plan Growth fund's current fund manager is Harshad Patwardhan.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NAV: Rs 99.53<\/li>\n\n\n\n<li>Expense Ratio: 0.41%<\/li>\n\n\n\n<li>AUM: Rs 5534.33 Cr<\/li>\n\n\n\n<li>Minimum lump sum investment: Rs.100<\/li>\n<\/ul>\n\n\n\n<p><strong>Returns:&nbsp;<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure style=\"font-size:15px\" class=\"wp-block-table\"><table><tbody><tr><td><strong>1Y Return (%)<\/strong><\/td><td><strong>3Y Return (%)<\/strong><\/td><td><strong>5Y Return (%)<\/strong><\/td><\/tr><tr><td>52.72<\/td><td>105.23<\/td><td>242.26<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Note: Based on Absolute Return<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"6-nippon-india-growth-direct-growth\">6. Nippon India Growth Direct Growth<\/h3>\n\n\n\n<p>Nippon India Mutual Fund introduced the Nippon India Growth Fund Direct-Growth equity mutual fund scheme; it is one of the best-performing midcaps under its category. Investors were eligible to access this plan on June 30, 1995. The Nippon India Growth Fund Direct Growth fund's current fund manager is Manish Gunwani.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NAV: Rs 4004.87<\/li>\n\n\n\n<li>Expense Ratio: 0.81%<\/li>\n\n\n\n<li>AUM: Rs 27931.43 C<\/li>\n\n\n\n<li>Minimum lump sum investment: Rs.100<\/li>\n<\/ul>\n\n\n\n<p><strong>Returns:&nbsp;<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure style=\"font-size:15px\" class=\"wp-block-table\"><table><tbody><tr><td><strong>1Y Return (%)<\/strong><\/td><td><strong>3Y Return (%)<\/strong><\/td><td><strong>5Y Return (%)<\/strong><\/td><\/tr><tr><td>55.82<\/td><td>115.77<\/td><td>233.78<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Note: Based on Absolute Return<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"7-hdfc-mid-cap-opportunities-direct-growth\">7. HDFC Mid-Cap Opportunities Direct Growth<\/h3>\n\n\n\n<p>An equity mutual fund scheme called HDFC Mid Cap Opportunities Direct Plan Growth was introduced by HDFC Mutual Fund. Investors were allowed to access this plan on December 10, 1999. Currently serving as the <a href=\"https:\/\/www.investopedia.com\/terms\/f\/fundmanager.asp\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.investopedia.com\/terms\/f\/fundmanager.asp\" rel=\"noreferrer noopener nofollow\">fund manager<\/a> for the HDFC Mid Cap Opportunities Direct Plan Growth fund is Chirag Setalvad.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NAV: Rs 188.19<\/li>\n\n\n\n<li>Expense Ratio: 0.76%&nbsp;<\/li>\n\n\n\n<li>AUM: Rs 63413.49 Cr<\/li>\n\n\n\n<li>Minimum lump sum investment: Rs.100<\/li>\n<\/ul>\n\n\n\n<p><strong>Returns:&nbsp;<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure style=\"font-size:15px\" class=\"wp-block-table\"><table><tbody><tr><td><strong>1Y Return (%)<\/strong><\/td><td><strong>3Y Return (%)<\/strong><\/td><td><strong>5Y Return (%)<\/strong><\/td><\/tr><tr><td>52.72<\/td><td>114.37<\/td><td>221.89<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Note: Based on Absolute Return<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"8-kotak-emerging-equity-direct-growth\">8. Kotak Emerging Equity Direct Growth<\/h3>\n\n\n\n<p>Kotak Mahindra Mutual Fund introduced the Kotak Emerging Equity Fund Direct-Growth equity mutual fund scheme. Investors were eligible to access this plan on August 5, 1994. Pankaj Tibrewal is currently serving as the fund manager of the Kotak Emerging Equity Fund Direct-Growth fund.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NAV: Rs 136.76<\/li>\n\n\n\n<li>Expense Ratio: 0.38%<\/li>\n\n\n\n<li>AUM: Rs 42699.18 Cr<\/li>\n\n\n\n<li>Minimum lump sum investment: Rs.100<\/li>\n<\/ul>\n\n\n\n<p><strong>Returns:&nbsp;<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure style=\"font-size:15px\" class=\"wp-block-table\"><table><tbody><tr><td><strong>1Y Return (%)<\/strong><\/td><td><strong>3Y Return (%)<\/strong><\/td><td><strong>5Y Return (%)<\/strong><\/td><\/tr><tr><td>47.32<\/td><td>94.94<\/td><td>221.76<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Note: Based on Absolute Return<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"9-sbi-magnum-midcap-direct-growth\">9. SBI Magnum Midcap Direct Growth<\/h3>\n\n\n\n<p>SBI Mutual Fund introduced the Equity Mutual Fund Scheme SBI Magnum Mid Cap Direct Plan Growth. Investors were eligible to access this programme on June 29, 1987. Currently serving as the SBI Magnum Mid Cap Direct Plan Growth fund's fund manager is Sohini Andani. <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NAV: Rs 246.51<\/li>\n\n\n\n<li>Expense Ratio: 0.82%<\/li>\n\n\n\n<li>AUM: Rs 17910.24 Cr<\/li>\n\n\n\n<li>Minimum lump sum investment: Rs.500<\/li>\n<\/ul>\n\n\n\n<p><strong>Returns:&nbsp;<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure style=\"font-size:15px\" class=\"wp-block-table\"><table><tbody><tr><td><strong>1Y Return (%)<\/strong><\/td><td><strong>3Y Return (%)<\/strong><\/td><td><strong>5Y Return (%)<\/strong><\/td><\/tr><tr><td>37.58<\/td><td>94.61<\/td><td>218.59<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Note: Based on Absolute Return<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"10-invesco-india-midcap-direct-growth\">10. Invesco India Midcap Direct Growth<\/h3>\n\n\n\n<p>An equity mutual fund scheme called Invesco India Mid Cap Fund Direct-Growth was introduced by Invesco Mutual Fund. Investors were allowed to access this plan on July 24, 2006. The current fund manager of the Invesco India Mid Cap Fund Direct-Growth fund is Vinay Paharia.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NAV: Rs 172.06<\/li>\n\n\n\n<li>Expense Ratio: 0.61%<\/li>\n\n\n\n<li>AUM: Rs 4629.98 Cr<\/li>\n\n\n\n<li>Minimum lump sum investment: Rs.500<\/li>\n<\/ul>\n\n\n\n<p><strong>Returns:&nbsp;<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure style=\"font-size:15px\" class=\"wp-block-table\"><table><tbody><tr><td><strong>1Y Return (%)<\/strong><\/td><td><strong>3Y Return (%)<\/strong><\/td><td><strong>5Y Return (%)<\/strong><\/td><\/tr><tr><td>50.70<\/td><td>98.42<\/td><td>215.44<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><sup>Note: Based on Absolute Return<\/sup><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-start-investing-in-the-best-midcap-mutual-funds\">How to Start Investing in the Best Midcap Mutual Funds<\/h2>\n\n\n\n<p>Ready to invest in a small-cap mutual fund? Here\u2019s how you can get started easily with Lakshmishree.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Step 1:<\/strong> Download the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=rs.lakhmishree.com&amp;hl=en_IN\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/play.google.com\/store\/apps\/details?id=rs.lakhmishree.com&amp;hl=en_IN\" rel=\"noreferrer noopener\">Shree Varahi app<\/a>, sign up, and complete your KYC process to open your investment account for free.<\/li>\n\n\n\n<li><strong>Step 2:<\/strong> Once your account is ready, go to the <a href=\"https:\/\/lakshmishree.com\/blog\/best-mutual-funds-for-lumpsum-investment\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-mutual-funds-for-lumpsum-investment\/\" rel=\"noreferrer noopener\">mutual fund<\/a> section in the Shree Varahi app and search for mid-cap mutual funds.<\/li>\n\n\n\n<li><strong>Step 3:<\/strong> Review the options by looking at their past performance, risk level, fund size, fees, and investment focus to choose a mid-cap mutual fund that suits you.<\/li>\n\n\n\n<li><strong>Step 4:<\/strong> Decide whether you want to invest regularly through a <a href=\"https:\/\/lakshmishree.com\/blog\/systematic-investment-plan-sip\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/systematic-investment-plan-sip\/\" rel=\"noreferrer noopener\">Systematic Investment Plan<\/a> (SIP) or make a one-time <a href=\"https:\/\/lakshmishree.com\/blog\/best-mutual-funds-for-lumpsum-investment\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-mutual-funds-for-lumpsum-investment\/\" rel=\"noreferrer noopener\">lump sum investment<\/a>. On the fund's page, select \"One-time\" for a lump sum or \"SIP\" for regular instalments.<\/li>\n\n\n\n<li><strong>Step 5:<\/strong> Enter the amount you wish to invest either as an SIP or a lump sum.<\/li>\n\n\n\n<li><strong>Step 6:<\/strong> Set up your<a href=\"https:\/\/lakshmishree.com\/blog\/updating-bank-account-details-in-mutual-fund-folios-why-its-important-and-how-to-do-it\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/updating-bank-account-details-in-mutual-fund-folios-why-its-important-and-how-to-do-it\/\" rel=\"noreferrer noopener\"> payment method<\/a>. For SIP, you can arrange auto-payment through your bank or UPI. You can pay a lump sum via UPI, net banking, NEFT, or RTGS.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"conclusion\">Conclusion<\/h2>\n\n\n\n<p>Investing in midcap mutual funds can be a smart move for those looking to balance growth potential and risk. These funds provide an opportunity to invest in mid-sized companies that are on the path to becoming industry leaders. With their higher growth potential compared to large-cap funds and a more <a href=\"https:\/\/financialframework.com.au\/what-is-my-risk-profile-and-why-is-it-important\/#:~:text=Balanced%20risk%20profile&amp;text=It%20is%20a%20pretty%20even,losses%20with%20the%20defensive%20assets.\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/financialframework.com.au\/what-is-my-risk-profile-and-why-is-it-important\/#:~:text=Balanced%20risk%20profile&amp;text=It%20is%20a%20pretty%20even,losses%20with%20the%20defensive%20assets.\" rel=\"noreferrer noopener nofollow\">balanced risk profile<\/a> than <a href=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\">small-cap funds<\/a>, midcap mutual funds can be a valuable addition to your investment portfolio. By understanding key factors like past performance, fund manager expertise, and <a href=\"https:\/\/lakshmishree.com\/blog\/what-is-expense-ratio-in-mutual-funds\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/what-is-expense-ratio-in-mutual-funds\/\" rel=\"noreferrer noopener\">expense ratios<\/a>, you can make informed decisions and choose the best midcap mutual funds for your needs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"frequently-asked-questions\">Frequently Asked Questions<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1718087648773\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">1. <strong>Which midcap funds are best for 2024?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Some of the best midcap mutual funds for 2024 include<strong> Quant Mid Cap, Motilal Oswal Midcap, Mahindra Manulife Midcap, PGIM India Midcap Opps Fund, and Edelweiss Mid Cap<\/strong> as giving a high return in the last 5 years.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1718087336606\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">2. What is the minimum investment required for midcap mutual funds?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Most midcap mutual funds allow investments through <a href=\"https:\/\/lakshmishree.com\/blog\/systematic-investment-plan-sip\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/systematic-investment-plan-sip\/\" target=\"_blank\" rel=\"noreferrer noopener\">SIPs<\/a> starting from as low as Rs 100, making them accessible to a broad range of investors. Start investing in Mutual with <a href=\"https:\/\/www.lakshmishree.com\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.lakshmishree.com\/\" rel=\"noreferrer noopener\">Lakshmishree<\/a> without paying any annual fee.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1718087438242\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">3. Which mid-cap fund gives the highest return?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The performance of mid-cap funds varies over time. Currently, funds like Quant Mid Cap, ITI Mid Cap, JM Midcap, Mahindra Manulife Midcap and HSBC Midcap are the best performing midcap mutual funds and have shown the highest returns in the last 1year. <br \/>However, reviewing the latest performance data and consulting with a financial advisor before making investment decisions is essential.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1718087347364\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">4. Are midcap mutual funds suitable for short-term investments?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>No, midcap mutual funds are better suited for long-term goals due to their inherent volatility. Short-term investments may not capture the full growth potential of mid-sized companies.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1718087372058\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">5. How to choose the best midcap mutual fund?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>When choosing a midcap mutual fund, consider factors like past performance, <a href=\"https:\/\/lakshmishree.com\/blog\/what-is-expense-ratio-in-mutual-funds\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/what-is-expense-ratio-in-mutual-funds\/\" target=\"_blank\" rel=\"noreferrer noopener\">expense ratio<\/a>, and the fund manager's track record. It's also important to align the fund with your investment goals and<a href=\"https:\/\/corporatefinanceinstitute.com\/resources\/wealth-management\/risk-tolerance\/#:~:text=Risk%20tolerance%20refers%20to%20the,will%20drive%20how%20they%20invest.\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/corporatefinanceinstitute.com\/resources\/wealth-management\/risk-tolerance\/#:~:text=Risk%20tolerance%20refers%20to%20the,will%20drive%20how%20they%20invest.\" rel=\"noreferrer noopener\"> risk tolerance<\/a>.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1718087690351\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">6. Which type of mutual fund gives the highest return?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Historically, <a href=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/best-small-cap-mutual-funds-to-invest\/\" target=\"_blank\" rel=\"noreferrer noopener\">small-cap<\/a> and mid-cap funds have shown the potential for higher returns due to their investment in rapidly growing companies, but they also come with higher risk and volatility.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1718087412053\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">7. What are the tax implications of investing in midcap mutual funds?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Investments in midcap mutual funds are subject to short-term and <a href=\"https:\/\/lakshmishree.com\/blog\/long-term-capital-gains-tax\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/long-term-capital-gains-tax\/\" rel=\"noreferrer noopener\">long-term capital gains tax<\/a>. Short-term gains are taxed at 15%, while long-term gains are taxed at 10% for gains exceeding Rs 1 lakh.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1718087664643\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">8. Which is better: Midcap or Flexicap?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Midcap funds focus on mid-sized companies with high growth potential and moderate risk, while flexicap funds invest across all market capitalizations for more <a href=\"https:\/\/www.investopedia.com\/terms\/d\/diversification.asp\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.investopedia.com\/terms\/d\/diversification.asp\" rel=\"noreferrer noopener nofollow\">diversification<\/a>. Your choice depends on your investment goals and risk tolerance.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Investing in mutual funds is a smart way to grow your money over time. With so many options available, finding the right one can be overwhelming. That's where the best midcap mutual funds come into play. These funds invest in mid-sized companies that have the potential to grow significantly. In 2024, midcap mutual funds in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":7391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[274],"tags":[495,496],"class_list":["post-7378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds","tag-best-midcap-mutual-funds","tag-best-performing-midcap-mutual-funds"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=7378"}],"version-history":[{"count":6,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7378\/revisions"}],"predecessor-version":[{"id":12880,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7378\/revisions\/12880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/7391"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=7378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=7378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=7378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}