Page 2 - Midcap Fund News Today

Maharashtra Lok Sabha polls phase 3: As per her election affidavit, Supriya Sule's total assets stood at more than Rs 166.5 crore, up from Rs 127.8 crore in 2019. 

Neelesh Surana, CIO at Mirae Asset, manages significant funds, focusing on quality businesses at reasonable valuations, disciplined diversification, and risk-reward balance for decent returns, with a background from Madhya Pradesh and a transition to Mumbai for finance career.

The Group, through its investment vehicles SmallCap World Fund Inc and New World Fund Inc, carried out the transaction in small tranches over the last three months

If you had invested ₹1 lakh in SBI Magnum Midcap Fund or Quant Mid Cap Fund at the time of launch, the investment would have swelled over 20 times by now.

V Srivatsa of UTI Asset Management discusses investment opportunities in domestic themes like private sector banking, auto sector, and healthcare. He emphasizes intact growth and reasonable valuations, especially in the current market scenario. He says: "The large and midcap fund has given 45% return on one-year and 22.5% return on 3-year basis. It has underperformed the benchmark by 17 bps on a one-year basis, but outperformed the benchmark by 37 bps on a 3-year basis."

As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that will invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks.

Sohini Andani of SBI Mutual Fund has been with the fund house since October 2007. Andani has been one of the tallest women fund managers in the Rs 50 trillion Indian mutual funds industry

Smallcap funds led the way in equity mutual funds, followed by Infrastructure and midcap funds. Noteworthy performers included Quant Small Cap Fund, Quant Mid Cap Fund, and Motilal Oswal Midcap Fund, showcasing impressive returns over five 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.

The other fund houses to limit/discontinue subscriptions in smallcap schemes are Kotak Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund and Tata Mutual Fund.