Best Mid-Cap Mutual Funds to Invest in 2024
Best Mid-Cap Mutual Funds to Invest in 2024
Blog Article
Mid-cap mutual funds are an excellent investment choice for those seeking a balance between risk and return. These funds invest in mid-sized companies that have significant growth potential, making them an attractive option for investors with a moderate to high-risk appetite. In this article, we will explore the best mid-cap mutual funds to consider in 2024.
Why Invest in Mid-Cap Mutual Funds?
- Growth Potential – Mid-cap companies are in their growth phase, offering higher returns than large-cap stocks over the long term.
- Diversification – Investing in mid-cap funds provides diversification, reducing overall portfolio risk.
- Better Valuations – Mid-cap stocks often trade at better valuations compared to large-cap stocks, providing attractive investment opportunities.
Top Mid-Cap Mutual Funds for 2024
1. Nippon India Growth Fund
- Expense Ratio: ~1.8%
- 5-Year CAGR: ~19%
- Why Invest? This fund has a strong track record and invests in quality mid-sized companies across sectors.
2. Axis Midcap Fund
- Expense Ratio: ~1.7%
- 5-Year CAGR: ~20%
- Why Invest? Managed by a well-established fund house, Axis Midcap Fund focuses on quality stocks with robust fundamentals.
3. Kotak Emerging Equity Fund
- Expense Ratio: ~1.6%
- 5-Year CAGR: ~21%
- Why Invest? The fund has delivered consistent returns by investing in high-growth potential companies.
4. DSP Midcap Fund
- Expense Ratio: ~1.75%
- 5-Year CAGR: ~18%
- Why Invest? DSP Midcap Fund maintains a well-diversified portfolio, reducing volatility.
5. SBI Magnum Midcap Fund
- Expense Ratio: ~1.8%
- 5-Year CAGR: ~19%
- Why Invest? This fund focuses on strong mid-cap companies, ensuring sustainable returns.
Factors to Consider Before Investing
- Investment Horizon: Mid-cap funds perform well over a long-term investment horizon (5-7 years).
- Risk Tolerance: These funds are volatile, so investors should have a moderate to high-risk appetite.
- Expense Ratio: A lower expense ratio can help maximize returns.
- Fund Performance: Analyze past performance but also consider consistency and fund manager expertise.
Final Thoughts
Mid-cap mutual funds offer an excellent opportunity to grow wealth over the long term. However, investors should carefully assess their risk profile, financial goals, and market conditions before making an investment decision. Always diversify your portfolio and review fund performance periodically to ensure alignment with your investment objectives.
Disclaimer: Mutual fund investments are subject to market risks. Please consult a financial advisor before investing. Report this page