Midcap funds invest in companies with market capitalization between 101-250, which have the potential to become large companies in the future. ETMarkets has listed the top five midcap funds based on trailing returns. HDFC Mid-Cap Opportunities Direct Plan-Growth, Motilal Oswal Midcap Fund Direct-Growth, Edelweiss Mid-Cap Direct Plan-Growth, Nippon India Growth Fund Direct-Growth, and Quant Mid Cap Fund Direct-Growth have given positive returns in the last one year, although most midcap stocks have underperformed due to market volatility and foreign investor risk aversion. These funds suit aggressive investors with a long-term investment horizon.
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