Even as midcap stocks have come under some pressure in the last two weeks after being on a one-way journey in the last five years, it makes sense for investors to remain invested in quality midcap stocks which are in the portfolio of top five midcap funds.
Top five midcap funds according to Sharekhan advisory have given an annualised return of 25-32 % and more than 70 % of the top five stocks have more than doubled in the last 5 years, data showed.
Stocks like Sundaram Clayton rallied 2,500 %, followed by Atul (1191%), UPL (640 %), Navin Fluorine (617 percent%), and SRF (679 %) in the same period.
Midcap stocks came on investors’ radar after the Modi-led NDA government came to power back in 2014 on renewed focus on reforms, proposal to implement goods and services tax (GST), measures initiated by the govt to boost agricultural income as well as productivity.
Small and midcap funds have also not disappointed investors. Almost 95% of small and midcap funds have beaten S&P BSE Mid & Smallcap index on a 1 year, 3 year and 5-year rolling return basis, according to Morningstar data.
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