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Top 5 Midcap Mutual Funds in India 2022 ft. @Anshuman Sharma - YouTube
Channel: Tickertape
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hi guys welcome to another video on
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ticker tape today i'll be talking about
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the five biggest mid cap mutual funds by
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market cap and in the end i'll also
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compare them on the basis of a few
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metrics let's get this started if you're
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a mutual fund investor then this is a
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very important video watch this till the
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end according to me there are two
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prerequisites for directly investing in
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stocks firstly you need the knowledge to
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figure out what to buy and when to buy
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and second you need the time to invest
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in acquiring knowledge and also execute
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the knowledge when the right time comes
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now if you do not have either of the two
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then it's better to outsource this task
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to someone who is an expert and that's
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why we have mutual funds mutual funds
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give you access to qualified and
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experienced fund managers who will
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manage your money to grow it even
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further and that's the topic for today
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we'll be discussing the five biggest mid
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cap mutual funds in terms of aum short
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for assets under management but now what
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are mid cap funds guys mid cap funds are
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mutual funds which invest majority of
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their money in companies which are
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ranked from 101st to 250th in the indian
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stock market on the basis of their
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market cap i'm talking about companies
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like tata lxc astral limited bharat gas
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etc these mid cap companies have a
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higher growth potential than the blue
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chips which are very safe but provide
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slow and steady growth that's why these
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mid cap companies are also a tad bit
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riskier now let's directly jump into the
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five biggest mid cap funds at number
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five we have nippon india growth fund
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with an aum of 11
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573 crores previously this fund was
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called reliance growth fund but after
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the japanese fund house nippon life
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insurance acquired 75 stake in reliance
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mutual funds all their funds were
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renamed to nippon india mutual funds the
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funds started in october 1995 making it
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one of the oldest mid cap funds in india
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the fund focused on the bottom-up stock
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picking approach to select their stocks
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if you look at this fund sector
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allocation the fund is well diversified
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with an investment in almost 39 sectors
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the highest allocation is in
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construction and engineering 8.98
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the second biggest allocation is in
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private banks 7.99
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and the third biggest is in home
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electronics and appliances with a 7.22
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allocation the fund has invested 95 in
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equity and 4.56 percent is in cash and
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cash equivalents the company's biggest
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holding is in varun beverages with a
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weight of 4.6 percent the second biggest
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investment is in chola mandala financial
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with a 3.3 percent holding currently the
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fund is handled by three experienced
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fund managers manish gunvani drew milsha
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and tejashet at number four we have the
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dsp mid cap fund dsp mutual fund is one
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of the oldest fund houses in the country
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and currently ranks 10th in terms of
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total fund houses aum currently the dsp
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mid cap fund has an am of 14 155 crores
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making it the biggest mutual fund of the
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dsp house this fund is predominantly
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focused on investing in high growth mid
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cap stocks and that's why this fund has
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a pe of 42.17 a price to earnings ratio
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of more than 40 it's considerably higher
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but this is expected if a fund invests
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majorly in high growth stocks the fund
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has invested 18.5 percent in large cap
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77.1 percent in mid cap and 4.37 in
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small cap stocks currently the fund is
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heavily invested in financial
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institutions with 8.73 in specialized
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finance and 7.42 in private banks these
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two sectors have the highest allocation
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in this fund the third biggest
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allocation is in the pharma sector with
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a weightage of 7.25 percent this fund
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has invested 96.5 percent in equity and
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only 3.4 is in cash and cash equivalents
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the company's biggest investment is in
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the plastic giant supreme industries and
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the second biggest investment is in
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manapuram finance limited according to
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ticker tape there are no red flags in
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this fund and as expected the returns
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are better than the current fd rates
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currently the dsp mid cap fund has three
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fund managers vinit sambre jaya kothari
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and resham jain number three kotak
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emerging equity fund this fund invests
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in both value as well as growth stocks
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and currently has an am of 16 700 crores
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kotec emerging has invested 95.87 in
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equity and four percent in cash and cash
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equivalents its biggest investment is in
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auto parts with a weightage of 10.51
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the second biggest investment is in
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diversified chemicals and the third
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biggest investment is in pharma sector
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kotak's biggest single investment is in
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persistent systems limited with a
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holding weight of 4.87
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while the second biggest investment is
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again in the plastic giant supreme
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industries with a weightage of 4.85
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percent moving on at number two we have
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the highly reputed access mid cap fund
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with an am of more than 16 800 crores in
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the past few years access mutual funds
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have really been impressive and have
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consistently outperformed their
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benchmark and the peers we'll find out
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in the end of this video if access mid
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cap fund is also equally impressive the
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fund is currently managed by srivalkar
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who has been managing this fund since
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more than five years along with shriya's
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hitesh das is also involved in managing
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this fund this fund mainly aims to
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invest in growth stocks 65 percent of
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this fund is invested in mid cap stocks
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which is lower than the category average
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of 75 percent and the rest 35 percent is
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invested in large cap stocks this higher
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than average investment in large cap
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stocks suggests that this fund is
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relatively safer than the other mid cap
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funds in the market the top three
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sectors in this fund are i.t services
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and consulting with a weightage of 15.27
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percent the second biggest investment is
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in specialty retail with a weightage of
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9.26 and the third biggest investment is
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in investment banking in brokerage with
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an investment of
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point nine three percent if you look at
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the individual holdings then the biggest
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investment is in co force limited with a
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weight of three point nine three percent
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the second biggest investment is an
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icici bank with a holding of three point
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seven percent and the third biggest
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investment is in chola mandalam
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investment and finance company limited
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with a holding weight of 3.50 percent if
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you look at this fund's portfolio avenue
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supermarkets mine tree limited astral
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bajaj finance emphasis pi industries
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it's very clear that this fund invests
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in relatively safer stocks than the
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other peers i'm really excited to see
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the performance of this fund as compared
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to the other four funds and now it's
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time for the biggest mid cap fund it's
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none other than the hdfc mid cap
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opportunities fund with an aum of wait
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for it 30
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781 crores that is pretty huge this fund
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is so huge that its aum is almost as
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equal to the sum of access mid cap and
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kodak emerging equities aum pretty huge
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right but i must tell you one thing such
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a high aum of a mid cap or a small cap
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fund is actually counter productive you
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see a lot of mid cap stocks do not have
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such a high market cap that a fund with
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such a high aum can buy a meaningful
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stake in that company and make an impact
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to all its investors and that's why a
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fund like this does not have much option
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but to only invest in value stocks this
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means that the high growth potential
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that i spoke about mid cap funds is not
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really available for a fund with such a
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high aum since a very long time this
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fund is managed by chirak sitalwad one
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of the most experienced fund managers of
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this decade along with chiraq sankal bid
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co-manages this fund if you look at the
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portfolio 95 percent is invested in
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equity and 4.88 is invested in cash and
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cash equivalents
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if you look at the sector distribution
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this fund has the highest investment in
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auto parts with a weightage of 10.02
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the second highest investment is in
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specialized finance and the third
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biggest investment is in diversified
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chemicals with a weightage of 9.19 this
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fund's three biggest stock holdings are
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bharath electronics cholaman investment
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and baal krishna industries guys chola
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munlam investment has been in the top
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three of almost all the mid care funds
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that we looked at today if you want me
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to make a video on chola mullam
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investment then just drop a comment
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saying yes i want to know more about
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this talk if there are enough comments
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then i'll definitely make a dedicated
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video on this talk okay so now that we
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know what each fund focuses on and what
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their portfolio looks like it's now time
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for the main event of the day ranking
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these funds and finding the best mid cap
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mutual fund of 2022. guys although we
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can quantify these funds based on a few
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metrics this result is not conclusive
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because a lot of the funds performance
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actually just depends on the fund
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manager's experience and his conviction
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and that is not quantifiable plus all
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these metrics just focus on the past
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returns and past returns do not
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guarantee anything in the future so do
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not look at this video as a financial
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advice always do your own research the
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intent of this part of the video is to
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tell you about the quantifiable metrics
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that you can look at before making any
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investment decision okay so the first
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metric is standard deviation when seen
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in mutual funds standard deviation tells
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us about how much the returns of a
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portfolio is actually staying from the
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average return so for example if the
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fund has an average return of 15
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and its standard deviation is 7
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then you can expect the funds return to
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be anywhere between 15 minus 7 and 15
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plus 7 so you can expect that the range
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of returns of this fund will be anywhere
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between 8 and 22 standard deviation is a
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measure of volatility so higher the
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standard deviation more volatile the
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fund is because think about it if the
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standard deviation figure is very high
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that means that the range of returns
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will also be high so lower the standard
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deviation better for any fund so now
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nippon india growth fund has a standard
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division of 16.57 percent dsp mid cap
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has a standard division of fourteen
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point three six percent go tech emerging
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fund has a standard division of fourteen
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point three five percent access mid cap
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fund has a standard division of fourteen
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point five zero percent and in the end
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hdfc mid cap opportunities fund has a
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standard deviation of fifteen point nine
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four percent first and second position
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kotak emerging fund and dsp mid cap fund
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has a difference of just 0.01
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making it a very tight contest but there
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is only one winner so kotak emerging
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fund will get five points dsp fund will
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get four points three points for access
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two points for sgfc mid cap
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opportunities fund and finally nippon
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india growth fund will only get one
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point guys you will find standard
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deviation all the other metrics on the
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ticker tip website just pick any mutual
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fund go to peers
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if you want to look at standard
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deviation just select ratios there you
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will find the p ratio standard deviation
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and sharpie ratio if you want to find
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the schemes returns then click on
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returns you will find the one-year
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returns three or cldr and live cagr and
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if you want to look at the expense ratio
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exit load and the current aum you will
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find it all on the schemes tab if you're
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a regular mutual fund investor you
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should definitely check out tickertape
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the link is in description the second
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metric is the sharpie ratio basically
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sharpie ratio tells you how much excess
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returns a fund has been generating by
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taking one additional unit of risk
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basically this metric tells you if a
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fund is able to justify the extra risk
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taken with higher returns so higher the
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sharper ratio better for any fund and
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the sharpie ratio of our funds are
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as you can see kotak emerging fund is
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again a winner with a sharpie ratio of
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2.34 which is extremely high and that's
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why kotec emerging fund gets five points
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and because dsp mid cap fund has the
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lowest sharpie ratio it will only get
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one point the third and a very important
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metric is the expense ratio since the
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fund manager and this team are using
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their time and resources to manage your
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money they take a part of your
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investments as a service fee every year
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now since this expense ratio is going
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away from your returns every year this
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affects the profitability of your
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portfolio in the long run and that's why
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expense ratio is extremely important
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guys there are two ways to make extra
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returns first the return on investment
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is extremely high and second the fee
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charged on an investment is low while
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the return on investment constantly
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changes the fee remains constant so
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lower the fee better for any investor so
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now the expenses of the funds in our
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list are as follows just look at the
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difference between the fund with the
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lowest expense ratio and the fund with
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the highest expense ratio while nippon
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india growth fund charges an expense
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ratio of 1.21 percent
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access mid cap fund just charges 0.47
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that is extremely impressive so here
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access mid cap fund gets five points
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kotak emerging fund gets four points
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while nippon india growth fund will only
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get one point next we look at the
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turnover ratio this signifies the number
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of times the constituent stocks of a
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fund are changed within a year a lower
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turnover ratio is better because it
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shows that the managers are very
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confident about their stock picks in the
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long run so here's the turnover ratio
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for the five mid cap funds looks like we
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have two extremes on our list while
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kotec emerging fund has a turnover ratio
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of just 4.81
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nippon india growth fund has a turnover
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ratio of 79
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that's extremely high so naturally nepal
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india growth fund will again get just
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one point while kotak emerging fund will
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get five points for its absolutely low
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turnover ratio those were the scheme
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metrics and ratios guys now it's time to
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look at the return figures we'll look at
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one year returns three year returns in
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lifetime cagr the past one year has been
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really bullish for indian stocks nifty
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50 itself gave more than 20
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while the nifty mid cap index gave
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return of more than 30 so it's expected
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that these mid cap funds have also given
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very high returns in the calendar year
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2021. so as i said before nifty mid cap
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index gave a return of 37.95
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in the last one year the fund with the
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lowest returns is dsp mid cap fund which
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has given a return of just 26.43 i am
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using the word just here because if a
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mutual fund is charging a fee for
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managing your money then it should at
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least outperform the benchmark but here
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the dsp mid cap fund has underperformed
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the mid cap index by more than 10
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percent and just look at these funds
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except for access mid cap fund which has
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underperformed the nifty mid cap index
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by a small portion every other fund has
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beaten the benchmark index with the
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winner being kotak emerging fund which
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has given a return of 43.15
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in the last one year an alpha of more
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than five percent during a time when the
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entire market has been extremely bullish
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is very impressive and that's why kotak
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emerging fund again gets five points
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nippon india fund gave a return of 41.27
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percent so it gets four points
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hdfc gets three points axis mid cap gets
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two points and finally dsp mid cap will
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only get one point moving on to the
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three year cagr the nifty mid cap index
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has given a siege of 21.72
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in the last three years that's extremely
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impressive but in spite of that all the
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other mid cap funds have outperformed
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the benchmark that's very impressive the
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fund with the highest returns is access
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mid cap fund with a three year chr of
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28.28
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so in this round access mid cap fund
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gets the highest points since sgfc mid
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cap opportunities fund has just given
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22.02
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in the last three years it will only get
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one point now it's time for the last
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metric of the day lifetime cagr well
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this is a very close one while kotak
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emerging fund has the highest lifetime
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cagr of 21.53
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axis mid cap fund is a very close second
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with a lifetime seizure of twenty one
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point one five percent sgfc mid cap fund
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is third in this round with a lifetime
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sagar of twenty point three seven
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percent dsp mid cap fund is fourth with
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a lifetime seizure of nineteen point two
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two percent and nippon india growth fund
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comes last with a cagr of 17.73
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so even in this round kotang emerging
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equity fund gets the highest five points
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after looking at all these metrics it's
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time to find out the best mid cap fund
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according to these quantifiable metrics
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and the winner of this contest is
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the kodak emerging fund with a total of
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33 points this was expected because
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kotak was the winner of almost two third
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of all the metrics that we spoke about
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today the second place goes to access
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mid cap fund with 25 points and the
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third place goes to htfc mid cap
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opportunities with 17 points here is the
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final table
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that's all for today's video guys i hope
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you learned a few new metrics after
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watching this video if you found
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anything valuable in this video then
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please make sure to hit the like button
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and also subscribe to our youtube
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channel so that you do not miss out on
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any of the future videos that's it from
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me this is anshuman
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goodbye
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