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MF investment: These mid-cap mutual funds have given a return of up to 51%-CAGR- in last one year…
SEBI mandates mid-cap funds to invest at least 65% of total assets in equity and equity-related securities of mid-cap companies. Short term capital gains tax is applicable at 15% on capital gains if investors sell the mutual fund units within 12 months of purchase. If the If holding period of the sold units is more than 1 year, Long term capital gains tax will be applicable at 10% on the gains exceeding Rs 1 lakh.
Mid-cap funds are a type of equity mutual fund that invests in the stock of mid-sized companies. Based on their market capitalisation, companies ranked from 101 to 250 are categorized as mid-cap companies.
A mid-cap fund is a pooled investment, such as a mutual fund, that focuses on companies with a market capitalization in the middle range of listed stocks. Mid-cap stocks tend to offer investors greater growth potential than large-cap stocks but less volatility and risk than small-cap stocks.
SEBI mandates mid-cap funds to invest at least 65% of total assets in equity and equity-related securities of mid-cap companies. The best mid-cap mutual funds involve a moderate risk-return ratio. They are less risky than small-cap ones.
Short term capital gains tax is applicable at 15% on capital gains if investors sell the mutual fund units within 12 months of purchase. If the holding period of the sold units is more than 1 year, Long term capital gains tax will be applicable at 10% on the gains exceeding Rs 1 lakh.
These small-cap mutual funds have given a return of up to 61% CAGR..in last one year
Balanced Advantage fund can be tax efficient for you?
Here is the list of top-performing Mid-cap funds in the last year-
PGIM India Midcap Opportunities Fund
1-year return- 36.4%
NAV 01 April 2022- Rs 48.30
Minimum SIP amount- Rs. 1,000
Fund size- Rs 4,359.63 cr
Axis Midcap Fund
1-year return- 25.4%
NAV 01 April 2022- Rs 76.84
Minimum SIP amount- Rs 500
Fund size- Rs 16,517.68 cr
Quant Midcap Fund
1-year return- 51.00%
NAV 01 April 2022- Rs 141.30
Minimum SIP amount- Rs 1,000
Fund size- Rs 283.09 cr
Edelweiss Midcap Fund
1-year return- 30.00%
NAV 01 April 2022- Rs 57.38
Minimum SIP amount- Rs 500
Fund size- Rs 1,806.37 cr
Mahindra Manulife Midcap Unnati Yojna Fund
1-year return- 32.3%
NAV 01 April 2022- Rs 19.31
Minimum SIP amount- Rs 500
Fund size- Rs 913.19 cr
Kotak Emerging Equity Fund
1-year return- 27.7%
NAV 01 April 2022- Rs 82.64
Minimum SIP amount- Rs 1,000
Fund size- Rs 18,634 cr
Nippon India Growth Fund
1-year return- 31.4%
NAV 01 April 2022- Rs 2,229.48
Minimum SIP amount- Rs 100
Fund size- Rs 11,530.60 cr
Invesco India Midcap Fund
1-year return- 27.9%
NAV 01 April 2022- Rs 101.37
Minimum SIP amount- Rs 500
Fund size- Rs 2,261.71 cr
Baroda Midcap Direct Fund
1-year return- 27.5%
NAV 01 April 2022- Rs 17.84
Minimum SIP amount- NA
Fund size- Rs 92.04 cr
Baroda BNP Paribas Midcap Fund
1-year return- 27.3%
NAV 01 April 2022- Rs 67.81
Minimum SIP amount- Rs 500
Fund size- Rs 1,038.89 cr
Mid cap and small cap have given good returns. The above MFs are worth watching. Investors are advised to do their home work and then decide on their portfolio building. Goodwill offers all financial products like MF, Insurance, IPOs apart from D mat, trading platforms.
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