Best MidCap Mutual Fund to Invest In 2024 

Mid-cap mutual funds occupy a unique position in the investment landscape, offering investors exposure to companies with market capitalizations between small and large-cap firms. These funds provide a balance between risk and reward, making them appealing to those with a moderate risk tolerance and a long-term investment horizon.

 The list of top mid-cap mutual funds provides a glimpse into the performance and characteristics of these investment options:

Quant Mid Cap Fund Direct-Growth: With annualized returns of 37.85% in the past three years and 33.61% in the last five years, this fund has demonstrated strong performance in the equity category of Quant Mutual Funds.

Motilal Oswal Midcap Fund Direct-Growth: Offering annualized returns of 39.4% in the past three years and 28.3% in the last five years, this fund under the equity category of Motilal Oswal Mutual Funds has garnered investor interest.

 HDFC Mid Cap Opportunities Direct Plan-Growth: With annualized returns of 30.81% in the past three years and 24.56% in the last five years, this fund under HDFC Mutual Funds presents opportunities for growth in the mid-cap segment.

 Nippon India Growth Fund Direct-Growth: Providing annualized returns of 31.14% in the past three years and 25.78% in the last five years, this fund from Nippon India Mutual Funds is another option for investors seeking exposure to mid-cap equities.

 Mahindra Manulife Mid Cap Fund Direct Growth: With annualized returns of 31.18% in the past three years and 27.13% in the last five years, this fund under Mahindra Mutual Funds offers potential for growth in the mid-cap space.

 Edelweiss Mid Cap Direct Plan-Growth: Offering annualized returns of 28.63% in the past three years and 26.65% in the last five years, this fund from Edelweiss Mutual Funds rounds out the list of top mid-cap mutual funds.

 Investors interested in mid-cap mutual funds typically possess a modest risk appetite and are willing to make long-term investments. These funds offer substantial room for growth, as mid-cap companies often have the potential to outperform large-cap firms. Additionally, mid-cap funds provide diversification benefits and can be started with minimal financial outlay, with some funds allowing investments for as low as Rs. 500.

When investing in mid-cap mutual funds, it's essential to consider factors such as the proficiency of fund management, past performance, cost-to-rate ratio, and risk profile. While mid-cap funds offer the potential for significant returns, investors should be aware of risks such as liquidity constraints and market volatility.

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