Top 3 Performing Funds in 2018: Mid Cap

2018 was one of the most volatile years in recent time for investors. Despite having faced an unpredictable year, the following mid-cap funds have performed better than its benchmark in 2018.

Fund1 Year ReturnAlpha (Fund Return - Benchmark Return)
Axis Midcap Fund0.29%17.09%
Invesco India Mid Cap Fund-8.96%9.84%
Franklin India Prima Fund-11.67%7.13%

Axis Midcap Fund

Axis Midcap Fund gave 0.29% return in one year while its benchmark gave a negative return of 16.8%. This fund has managed to beat its benchmark and category in each of the last five years. The fund predominantly invests in mid-cap companies. They include innovative and entrepreneurial companies with experienced management. They concentrate on high growth companies and market leaders in emerging industries. On three and five-year returns, it has outperformed its category by 3.2 to 1.7 percentage points. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.22 lakhs now.

Invesco India Midcap Fund

Though Invesco India Midcap Fund gave negative 8.96% return in one year it managed to outperform its benchmark, which gave negative 18.8% return. This fund has managed to beat its benchmark and category in each of the last five years. The fund seeks to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid-cap companies. With 3-year annualized returns of 13.1% and 5-year returns of 23.2%, these are 10-17 percentage points higher than the benchmark returns and 10-19 percentage points more than the category returns. A SIP worth ₹5,000 in this fund started 5 years ago is worth ₹4.18 lakhs now.

Franklin India Prima Fund

Though Franklin India Prima Fund gave negative 11.67% return in one year it managed to outperform its benchmark, which gave negative 18.8% return. This fund has managed to beat its benchmark and category in each of the last five years. The fund focuses its portfolio on mid-cap and small-cap funds, with more inclination towards the mid-cap businesses. It follows a growth at a reasonable price strategy. The fund consistently outperformed its benchmark. On three and five-year returns, it has outperformed its category by 2.7 to 2.6 percentage points. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.10 lakhs now.

These funds, despite bad market conditions, have performed well in 2018.

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