Mutual Fund SIP (Systematic Investment Planning) is an investment tool that helps an investor to overcome the volatility of the equity markets without bothering about the right time to start. Its compounding benefit feature is one such attraction that gives better returns to long-term investors. However, there are some equity mutual fund schemes which have given good returns to their investors by beating the index returns by a huge margin. PGIM India Midcap Opportunities Fund – Direct Plan-Growth is one such mutual fund plan.
This mid-cap fund was incorporated on 2nd December 2013 and has given absolute returns of 355 per cent on lumpsum investments since inception as against the category average return of just 17.55 per cent over the period. For lump sum investors, the scheme has given a return of around 32.50 per cent, which is much higher than the 19 per cent return offered by the Nifty 50 index.
Mutual Fund SIP Returns
This mutual fund allows an investor to invest in SIP mode as well. An investor can start investing in PGIM India Midcap Opportunities Fund – Direct Plan-Growth Plan with minimum monthly investment. 1000. This mutual fund mid-cap plan has given great returns to its investors investing in SIP mode. In the last one year, this mutual fund scheme has given absolute returns of 6.85 per cent to SIP investors, while the annual return during this period has been 12.98 per cent. In the last 2 years, this mutual fund SIP has given an absolute return of 56 per cent while the annual return in this period is close to 49.50 per cent. In the last 5 years, this Mutual Fund SIP scheme has given an absolute return of around 104.50 per cent, while the annual return in this period is a little over 29 per cent.
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According to data from Value Research, if an investor has invested 10,000 per month in this mutual fund SIP plan, its 10,000 monthly investment would have increased 1.25 lakh in a year whereas it would have increased 6.49 lakh in 3 years. However, if an investor had invested 10,000 per month in this mutual fund SIP scheme 5 years ago, its 10,000 monthly investment would have become 11.98 lakhs today.
Value Research has given a 5-star rating to this mid-cap mutual fund plan.
Apart from PGIM India Midcap Opportunities Fund – Direct Plan-Growth there are few other mid-cap funds which have given alpha returns to their investors. Edelweiss Mid Cap Direct, HDFC Mid-Cap Opportunities Direct, ICICI Prudential Midcap Direct are one of them.
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