Mid Cap Mutual Funds: HDFC Mid Cap Fund (formerly HDFC Mid-Cap Opportunities Fund) is a premier, open-ended equity mutual fund managed by HDFC Asset Management Company (AMC). It primarily invests in mid-sized companies to provide long-term capital appreciation for investors willing to take on higher, equity-driven market risks.
The Kotak Midcap Fund (officially Kotak Emerging Equity Scheme) is a popular, actively managed equity mutual fund aimed at long-term capital growth by investing primarily in mid-sized companies. It is designed for high-risk tolerance and requires an investment horizon of 5 to 7 years or more.
Based on AMFI-category data, HDFC Mid-Cap Fund and Kotak Midcap Fund are currently the two largest mid-cap mutual funds in India by AUM, managing approximately Rs 97,350 crore and Rs 64,749 crore, respectively. Let’s learn about the funds.
HDFC Mid Cap Fund overview
HDFC Mid Cap Fund: Investment Strategy & Portfolio
Core Allocation: Mandated to invest at least 65% (and up to 100%) of its assets in mid-cap stocks. The remainder is deployed in large cap stocks, small cap stocks, or debt instruments.
Philosophy: The fund follows a bottom-up stock-picking approach, focusing on high-quality companies with sustainable business models, sound financials, and reasonable growth prospects.
Diversification: Judiciously spread across multiple sectors, heavily featuring industries like Financials, Healthcare, and Automobiles.
HDFC Mid Cap Fund details
HDFC Mid Cap Fund: Top Holdings (%)
HDFC Mid Cap Fund: Top Sector Weights (%)
Kotak Midcap Fund overview
Kotak Midcap Fund: Portfolio Allocation
Kotak Midcap Fund details
Kotak Midcap Fund: Top Holdings
Kotak Midcap Fund: Top Sector Weights (%)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
