Investors seeking high returns should consider investing in mid and small-cap stocks. Over the past five years, midcap funds offered by mutual funds and Unit Linked Insurance Plans (ULIP) have delivered notable returns. In fact, ULIP midcap funds have delivered a compounded annualised return of 19.2%, while mutual funds midcap category clocked 20.6%. The Nifty Midcap 100 – TRI gave a return of 21.6%.
It is noteworthy that only a few ULIP midcap funds outperformed the Nifty Midcap 100-TRI. However, nine out of 22 mutual fund schemes managed to outperform the index. This presents an opportunity for smart investors to choose the right mutual fund scheme and maximize their returns.
To help you make an informed investment decision, we have compiled a list of top 10 ULIP midcap funds with their respective returns as of December 5, 2023. By investing in these funds, you can reap the benefits of midcap stocks and potentially earn high returns.
PNB Met Life – Mid Cap Fund
Five year return (CAGR): 26.2%
Fund manager: Amit Shah
AUM: Rs 76 Crore
Future Generali Life – Future Midcap Fund
Five year return (CAGR): 24.5%
Fund manager: Niraj Kumar and Srijan Sinha
AUM: Rs 74 Crore
Max Life High Growth Fund
Five year return (CAGR): 24.2%
Fund manager: Saurabh Katariya, Naresh Kumar and Rohit Tandon
AUM: Rs 3,650 Crore
AEGON Life-Opportunity Fund
Five year return (CAGR): 24%
Fund manager: Avinash Agarwal and Vishal Advani
AUM: Rs 200 Crore
Tata AIA Life – Whole Life Mid-Cap Equity Fund
Five year return (CAGR): 22%
Fund manager: Rajeev Tewari
AUM: Rs 11,070 Crore
Canara HSBC Oriental Bank of Commerce Life – Unit Linked Emerging Leaders Equity Fund
Five year return (CAGR): 21.2%
Fund manager: Balwinder Singh
AUM: Rs 560 Crore
Reliance Life Midcap Fund 2
Five year return (CAGR): 20.1%
Fund manager: Biswarup Mohapatra
AUM: Rs 53 Crore
Edelweiss Tokio Life Equity Midcap Fund
Five year return (CAGR): 20%
Fund manager: Ritika Chhabra
AUM: Rs 340 Crore
Reliance Life Midcap Fund 1
Five year return (CAGR): 19.6%
Fund manager: Biswarup Mohapatra
AUM: Rs 32 Crore
Aditya Birla Sun Life – Individual Multiplier Fund
Five year return (CAGR): 18.2%
Fund manager: Bhaumik Bhatia
AUM: Rs 3,450 Crore
