Synopsis: This article lists the best mid-cap mutual fund SIPs based on their XIRR performance for the last seven years. This highlights how a disciplined SIP of ₹51,000 a month in these mutual funds would have made substantial long-term wealth through compounding.
Mid-cap mutual fund schemes have provided some of the best SIP returns in recent times, offering excellent results to those investors who have remained invested over a period of time, irrespective of fluctuations in the markets. Some of the best-performing funds in the category have delivered more than 20% annualized SIP returns over the past seven years. Top 6 Mid-Cap Mutual Funds
1. Edelweiss Mid Cap Fund
- NAV: ₹124.38
- AUM: ₹15,910.69 Cr
- Expense Ratio: 0.57%
- Exit Load: 1% (within 90 days)
- 7-Year SIP Return (XIRR): 23.92%
2. Invesco India Mid Cap Fund
- NAV: ₹220.80
- AUM: ₹11,767.30 Cr
- Expense Ratio: 0.77%
- Exit Load: 1% (within 1 year)
- 7-Year SIP Return (XIRR): 22.79%
3. Nippon India Growth Mid Cap Fund
- NAV: ₹4,825.37
- AUM: ₹45,820.33 Cr
- Expense Ratio: 1.08%
- Exit Load: 1% (within 1 month)
- 7-Year SIP Return (XIRR): 22.50%
Also Read: Top 10 Equity Mutual Funds That Delivered Up to 22% CAGR in the Last 10 Years – Do You Own Any?
4. Kotak Mid cap Fund
- NAV: ₹161.99
- AUM: ₹63,539.49 Cr
- Expense Ratio: 0.44%
- Exit Load: 1% (within 1 year)
- 7-Year SIP Return (XIRR): 21.68%
5. HDFC Mid Cap Fund
- NAV: ₹220.39
- AUM: ₹94,744.72 Cr
- Expense Ratio: 0.75%
- Exit Load: 1% (within 1 year)
- 7-Year SIP Return (XIRR): 21.42%
6. ICICI Prudential Mid Cap Fund
- NAV: ₹380.27
- AUM: ₹7,556.68 Cr
- Expense Ratio: 1.11%
- Exit Load: 1% (within 1 year)
- 7-Year SIP Return (XIRR): 20.99%
SIP Wealth Creation Scenario (₹51,000 Monthly SIP for 7 Years)
Key takeaways
- The highest-performing mid-cap mutual fund made up to ₹1 crore with a SIP of ₹42.84 lakh.
- SIP returns in the category ranged between 20.9% and 23.9% over seven years.
- Even a small return gap created nearly a ₹9.9 lakh difference in final wealth over seven years.
- Mid-cap funds perform well when there is good economic and market growth.
Bottom line
The performance of these top mid-cap mutual funds shows how SIP investing with discipline and patience can help create wealth from market volatility through the power of compounding.
Written By Ameet S
