Though the recent performance in mid cap funds has been outstanding in line with overall equities market withthe S&P BSE Mid Cap index delivering the second best returns on a year to date basis, investors can simply not be bogged down by impressive returns. Notably among the mid cap funds that have completed 10 years, L&T Midcap fund tops the chart with a 19.97% 5-year average daily rolling return over a ten-year period and has outperformed S&P BSE Mid Cap Index by 4.19%. Top holdings of the fund include Mphasis, Emami, Bayer CropScience, Birlasoft, Sundaram Finance etc. 10000 monthly SIP started in the fund is now worth Rs. 500 while for lump sum payment the minimum investment needed is of Rs. SIP in the fund can be planned for a minimum sum of Rs. 6725.8 crore and is categorized as a high risk fund as per the Mutual fund risk-o-meter. The mid size fund has an asset size of Rs. The scheme is available as both direct and regular fund with annual recurring expense being 0.61% and 1.71%, respectively, as on July 31, 2021. The fund's performance is benchmark to Nifty Midcap 100 TRI Index. Launched in the year 2004, the open ended equity scheme is pre-dominantly invested into mid-cap stocks.
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