Today, we will discuss another very popular category of Mutual Fund as given below....
Equity : Mid Cap
- Money in this type of Mutual Fund is invested in equity / stock market.
- Money is generally invested in Companies which are of 'Mid Cap' category in respect of their market capital.
- The companies are known to people.
- The risk factor is medium in this type of Mutual Fund.
- Return on investment may be more than that of Equity-Large Cap Fund.
- Profit gained after minimum one year of investment is termed as' Long Term Capital Gain'.
- This long term capital gain is totally exempted from paying income tax.
Now, there are numbers of Mutual fund schemes from different mutual fund houses. We will discuss few good funds as examples of 'Equity: Mid Cap' category.
- Mirae Asset Emerging Bluechip Fund: Invests in companies like Federal Bank, Kotak Mahindra Bank, Indusind bank, ICICI Bank, Tata Chemicals, Voltas, Motilal Oswal Financial Grasim Industries and Natco Pharma. Yearly return of this fund is roughly 41 % as on date.
- Canara Rebeco Emerging Equities Fund: Invests in companies like Minda Industries, Atul, SBI, Can Fin homes, Bajaj Fin Serv, IIFL Holding, Engineers India, CESC, Escorts and Piramal Enterprises. Yearly return of this fund is roughly 40 % as on date.
- L & T India Value Fund: Invests in companies like Reliance Industries, ICICI Bank, SBI, ITC, Federal Bank, Indian bank, Future Retail, Power Grid, UPL and Tata Steel. Yearly return of this fund is roughly 36 % as on date.
- Franklin India Prima Fund: Invests in companies like Yes Bank, Finolex Cables, Equitas Holdings, HDFC Bank, JK Cement, Voltas, Repco Home finance Ltd, CESC, Fag Bearings India and Gujarat State Petronet. Yearly return of this fund is roughly 28 % as on date.
The examples are given above for your easy understanding. There are other good funds available in this category, which may be found easily in the internet.
Happy Investing !!!
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