This mutual fund has turned ₹1 lakh investment into ₹7.66 lakh in 10 years

Since its inception on February 24, 2014, the Motilal Oswal Midcap Fund has delivered a compounded annual growth rate (CAGR) of 22.5 percent. For perspective, this return means that ₹1 lakh invested during the inception of the scheme would have grown to ₹7.66 lakh currently.

Midcap has performed well during the past 10 year with the Nifty Midcap 100 Index topping the chart with 20.3% returns.

Midcaps have done well even in bad cycles. In the Midcap category, the Motilal Oswal Midcap fund is among the top funds to beat benchmark returns, the fund house said.

The investment objective of Motilal Oswal Midcap Fund is to provide investors a long-term capital growth who are seeking investment in quality midcap companies having long-term competitive advantages and growth potential.

As per the fund house, the asset under management (AUM) for the scheme is ₹8,490 crore with 6.09 lakh unique investors from 185 cities.

"The participation from retail investors has been quite notable with over 5.3 lakh unique investors investing in the fund from across 2,126 unique pin code as on January 31, 2024. The fund has also seen SIP participation of over 3.2 lakh investors for the same period.  The top five states contributed over 90% of the AUM. This includes Maharashtra, Andhra Pradesh, Delhi, Gujarat, West Bengal," Motilal Oswal Mutual Fund said.

Prateek Agrawal, Executive Director, Motilal Oswal AMC said, “We run focussed high conviction portfolios with a strong overlay of risk control. This helps ensure that our successes in right stock pickings help our investors much more while the negative impact of the not so good picks is contained."

Niket Shah, Fund Manager, Motilal Oswal AMC said, “Midcap as a category has been performing well since 2004 till date. Huge wealth has been created in this space because the companies are in high growth phase as compared to large caps and are more stable than small caps in a weak macro environment. We have identified many such companies with high growth and high quality in last decade which has benefited the fund and we believe the next decade provide us with many more such opportunities."