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Taurus Leads Mid-Cap Funds as Sector Falls in September

Taurus Leads Mid-Cap Funds as Sector Falls in September
Mid cap funds sink in Sept, but 6 schemes beat the Nifty Midcap 150; Taurus Mid Cap emerges as best performer · businesstoday.in

Mid-cap funds are investments that hold shares in medium-sized companies.

In September, all the funds listed in the article lost value.

Taurus Mid Cap fell the least, by 2.44%.

The benchmark, called the Nifty Midcap 150 TRI, fell 7.07%.

Five other funds also lost less than the benchmark.

Mahindra Manulife Mid Cap fell the most, by 8.03%.

Some funds still had positive returns over longer periods shown in the table.

So, funds in the same group did not all perform equally during the market drop.

Key facts

Benchmark
Nifty Midcap 150 TRI
Benchmark September return
-7.07%
Best September performer
Taurus Mid Cap: -2.44%
Second-best September performer
Bank of India Mid Cap: -4.25%
Worst September performer
Mahindra Manulife Mid Cap: -8.03%
Other notable decline
Kotak Midcap: -7.51%; Sundaram Mid Cap: -7.37%
Longer-term return example
HSBC Midcap reported a 22.31% six-month return and a 22.18% three-year return.

Sources

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