Mutual fund investors look for schemes that multiply their investments twice or thrice. An ETMutualFunds analysis found that three equity mutual funds turned Rs 1 lakh to Rs 1 crore in 30 years.
The midcap mutual fund category showed varied performance in the January-March 2024 quarter, with several schemes outperforming their benchmarks. Investors should consider long-term horizons for mid cap investments to manage volatility effectively.
While mid-cap mutual funds carry a significant amount of risk, certain funds have delivered strong one-year returns. Notably, Nippon India Growth Fund and Mahindra Manulife Mid Cap Fund have generated higher returns than popular indices like Nifty Midcap 50 and S&P BSE MID CAP