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Mutual funds are one of the popular ways of investment among retail investors in India. There are three main categories of mutual funds available in the Indian market. Largecap Funds, Midcap Funds, and Smallcap Funds are the most popular funds.
Midcap funds are mutual funds that invest on companies with a market capitalisation in the middle range of listed stocks. The funds are more stable than the smallcap funds but tend to offer lesser returns. As per Association of Mutual Funds in India (AMFI) data for July, midcap funds saw healthy inflows of Rs 2,512.34 crore, increasing from Rs 1,623.33 crore in July 2023. Here's a quick comparison between Motilal Oswal Midcap Fund and Canara Robeco Mid Cap Fund