According to reports from Personal Finance News, the top five midcap funds by five-year CAGR have delivered returns between 19.15% and 21.83%. Motilal Oswal Midcap Fund leads with the highest CAGR of 21.83%, followed by Invesco India Midcap Fund at 20.20%. The gap between the first and fifth spot is nearly 2.68 percentage points. A ₹10,000 monthly SIP in these two schemes over five years would have led to a corpus difference of approximately ₹81,000, as calculated by the SIP calculator.
As reported by Personal Finance News, Motilal Oswal Midcap Fund ranks first by both CAGR and performance rankings, but HDFC Mid Cap Fund is ranked second by performance despite being second by CAGR. Invesco India Midcap Fund, which is second by CAGR, is ranked third by performance. HSBC Midcap Fund rounds out the top five by performance rankings. In terms of assets under management, HDFC Midcap Fund dominates with ₹1,06,793 crore, making it the only midcap fund to cross the ₹1 lakh crore mark. Kotak Midcap Fund follows with ₹70,283 crore, while Nippon India Growth Mid Cap Fund holds ₹51,659 crore.
According to the risk ratio data from Personal Finance News, two funds have beta above 1: Invesco India Midcap Fund at 1.11 and Motilal Oswal Midcap Fund at 1.05, both also the top two by CAGR. The remaining six funds have beta between 0.83 and 0.95, meaning they move less aggressively than the market. HDFC Mid Cap Fund has the lowest beta at 0.83. Motilal Oswal Midcap Fund has the highest standard deviation at 1.16, meaning its daily returns fluctuate the most, while HDFC has the lowest at 0.87. The range between the most and least volatile fund is 0.29.
As reported by Personal Finance News, HSBC Midcap Fund, ranked fourth by both CAGR and rank, has the highest Sharpe ratio at 0.08, double the Sharpe of HDFC, Edelweiss, Nippon, Kotak and Axis midcap funds, all of which sit between 0.03 and 0.04. Motilal Oswal Midcap Fund, the top performer by return and rank, has a Sharpe of 0.00, the lowest in the entire set. The Fama ratio shows Invesco has the highest at 0.05, suggesting its returns included a component attributable to stock selection rather than just market movement, while Motilal Oswal and Kotak have negative Fama ratios of -0.04 and -0.01 respectively.
