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Research Article Open access CC BY 4.0

Post Covid-19 Growth of Midcap Mutual Funds in India: A Study on Top Ten Midcap Mutual Funds

Rahul Paul

South Asian Journal of Social Studies and Economics · pp. 159–169 · Published 10 Dec 2024

10.9734/sajsse/2024/v21i12926

Abstract

Since the COVID-19 outbreak, asset management companies (AMCs) have taken the lead in increasing wealth through mutual funds. There are two types of mutual funds: open-ended and closed-ended. With 43 AMCs operating in India and an average asset under management (AUM) of ₹27.12 trillion as of July 31, 2020, equity funds are riskier. According to research, small and midcap funds have more risk and higher returns than large-cap funds, which have lower risk and lower returns. For regular investments in mutual funds, especially midcap funds, Systematic Investment Plans (SIPs) have gained popularity. Based on their assets under management (AUM) and monthly SIP inflows from 2020–21 to 2024–25, the top ten midcap funds were examined in this study. The purpose of this study is to show how the performance of the midcap funds and volatility associated with the funds. This study also analyses the volatility of the midcap funds by using Sharpe index, Treynor index, and Jensen's Alpha index.  The result shows that few of the midcap funds are more volatile than the other funds but higher volatility generates higher returns for the investors over this last four years.

Mutual fund midcap fund investment risk volatility systematic investment plan

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