Nifty Midcap 150 Index Hits Record High: Top 10 Midcap Stocks Generating Lucrative Returns for Mutual Fund Investors

Apollo Tires, a prominent player in the market, has been actively engaged in various investment schemes such as HDFC Midcap Avsar, Kotak Equity Op, and Franklin India Prima Fund. This particular stock has experienced an impressive surge of 132 percent over the past year.

While the Nifty 50 index is just a couple of steps away from reaching its all-time high, the mid-cap segments, namely Nifty Midcap 100 and Nifty Midcap 150, have already attained their highest levels to date.

On June 20, the Nifty Midcap 150 index achieved a new milestone by closing at an unprecedented level of 13,256.

Over the last three months, mid-cap stocks have displayed more growth compared to large-cap stocks. Remarkably, the Nifty Midcap 150 index has witnessed a remarkable gain of over 38 percent in the past year, outperforming both the Nifty 50 and Nifty Smallcap 250 indices, which have recorded growth rates of 23 percent and 37 percent, respectively, during the same period.

The current market scenario has witnessed substantial buying activity driven by several factors, including the robust performance of companies, attractive valuations, and positive macroeconomic indicators. According to Sidgharth Bhaiya,

Founder and Fund Manager at Aquitas Investment Consultancy, India Inc. has exhibited resilience amidst economic and geopolitical uncertainties over the past year.

The implementation of favorable government policies, emphasis on infrastructure development, and a prudent monetary policy framework have provided both global and domestic companies with a conducive environment to capitalize on growth opportunities.

India’s service sector has already established a strong global reputation, and now sectors such as manufacturing, automotive, and auto ancillaries are delivering promising returns to investors.

The investment inflow from both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) has been notable.

Given the optimistic outlook for the mid-cap segment, the strengthening fundamentals of the domestic market are expected to sustain the bullish sentiment.

In light of this, we present a list of 10 mid-cap stocks that have contributed significantly to mutual fund schemes over the past year, based on data provided by the Association of Mutual Funds in India (AMFI).

IDFC First Bank Ltd.

IDFC First Bank Ltd., a prominent player in the banking sector, holds a position in popular schemes such as Tata Large and Mid Cap and Aditya Birla Sun Life ELSS Tax Relief 96. Notably, this stock has demonstrated remarkable growth, with its value surging by an impressive 157 percent over the course of the past year.

The substantial rise in the stock’s value reflects the bank’s commendable performance and investor confidence.

IDFC First Bank has made significant strides in enhancing its operational efficiency, expanding its customer base, and improving its financial performance.

These positive developments have contributed to the stock’s noteworthy growth and have garnered attention from investors and mutual fund schemes alike.

With its inclusion in schemes like Tata Large and Mid Cap and Aditya Birla Sun Life ELSS Tax Relief 96, IDFC First Bank has attracted the interest of both retail and institutional investors seeking exposure to the banking sector’s potential growth.

The stock’s exceptional performance over the past year highlights its ability to generate substantial returns for investors who have taken advantage of its growth trajectory.

Apollo Tires Ltd.

Apollo Tires Ltd., a prominent player in the tire manufacturing industry, holds a position in esteemed mutual fund schemes such as HDFC Midcap Avsar, Kotak Equity Op, and Franklin India Prima Fund. Remarkably, this stock has experienced a significant rise of 132 percent in value over the course of the last year.

The impressive growth of Apollo Tires Ltd. reflects its strong market position, strategic initiatives, and robust financial performance.

The company has successfully capitalized on opportunities in the tire industry, leveraging its technological expertise, product innovation, and efficient operations.

Apollo Tires’ ability to adapt to changing market dynamics and meet consumer demands has contributed to its remarkable growth and subsequent inclusion in renowned mutual fund schemes.

The inclusion of Apollo Tires in schemes like HDFC Midcap Avsar, Kotak Equity Op, and Franklin India Prima Fund underscores the recognition and confidence it has garnered from experienced fund managers.

These schemes have strategically invested in the stock, recognizing its potential to generate attractive returns in the midcap segment.

Apollo Tires’ remarkable growth over the past year has proven beneficial for investors who have taken positions in the stock through these mutual fund schemes, enabling them to capitalize on the company’s impressive performance and the tire industry’s growth prospects.

CG Power and Industrial Solutions Ltd.

CG Power and Industrial Solutions Ltd., a prominent player in the power and industrial solutions sector, holds a position in esteemed mutual fund schemes such as Axis Growth Opportunity, Motilal Oswal Midcap, and Bandhan Sterling Value Fund. Notably, this stock has witnessed a significant rise of 119 percent in value over the past year.

The remarkable growth of CG Power and Industrial Solutions Ltd. reflects the company’s strategic initiatives, operational efficiency, and improved financial performance. CG Power has successfully leveraged its expertise in providing power and industrial solutions to capitalize on market opportunities.

The company’s focus on innovation, technological advancements, and customer-centric approach has contributed to its strong performance and subsequent inclusion in renowned mutual fund schemes.

The inclusion of CG Power in schemes like Axis Growth Opportunity, Motilal Oswal Midcap, and Bandhan Sterling Value Fund signifies the recognition and confidence it has garnered from experienced fund managers.

These schemes have strategically invested in the stock, recognizing its potential to generate attractive returns in the midcap segment.

CG Power’s impressive growth over the past year has proven beneficial for investors who have taken positions in the stock through these mutual fund schemes, enabling them to capitalize on the company’s strong performance and the growth prospects of the power and industrial solutions industry.

Union Bank of India

Union Bank of India, a prominent banking institution, holds a position in esteemed mutual fund schemes such as HDFC Midcap Avsar, Quant Active, and Bank of India Tax Advantage Fund. Notably, this stock has witnessed a remarkable rise of 100 percent in value over the past year.

The substantial growth of Union Bank of India’s stock reflects the bank’s improved performance, strategic initiatives, and positive market sentiment.

Union Bank has demonstrated its ability to adapt to changing market dynamics, enhance operational efficiency, and effectively manage risks.

These factors have contributed to the bank’s strong financial performance and subsequent inclusion in renowned mutual fund schemes.

The inclusion of Union Bank of India in schemes like HDFC Midcap Avsar, Quant Active, and Bank of India Tax Advantage Fund highlights the recognition and confidence it has garnered from experienced fund managers.

These schemes have strategically invested in the stock, recognizing its potential to generate attractive returns in the midcap segment.

Union Bank’s substantial growth over the past year has proven beneficial for investors who have taken positions in the stock through these mutual fund schemes, enabling them to capitalize on the bank’s strong performance and the growth prospects of the banking sector.

Tube Investments of India Ltd.

Tube Investments of India Ltd., a notable player in the manufacturing industry, holds a position in esteemed mutual fund schemes such as Nippon India Small Cap, Motilal Oswal Flexi Cap, and Axis Long Term Equity Fund. Remarkably, this stock has experienced a significant rise of 100 percent in value over the past year.

The substantial growth of Tube Investments of India Ltd. reflects the company’s robust performance, strategic initiatives, and favorable market conditions.

The company has leveraged its manufacturing expertise and product innovation to capitalize on market opportunities.

Tube Investments’ focus on diversification, operational efficiency, and customer satisfaction has contributed to its strong financial performance and subsequent inclusion in renowned mutual fund schemes.

The inclusion of Tube Investments in schemes like Nippon India Small Cap, Motilal Oswal Flexi Cap, and Axis Long Term Equity Fund underscores the recognition and confidence it has garnered from experienced fund managers.

These schemes have strategically invested in the stock, recognizing its potential to generate attractive returns in the small-cap and diversified equity segments.

Tube Investments’ remarkable growth over the past year has proven beneficial for investors who have taken positions in the stock through these mutual fund schemes, enabling them to capitalize on the company’s strong performance and the growth prospects of the manufacturing industry.

Power Finance Corporation Ltd.

Power Finance Corporation Ltd., a prominent player in the power finance sector, holds a position in esteemed mutual fund schemes such as HDFC Balanced Advantage, Nippon India Growth, and Mirae Asset Emerging Bluechip. Notably, this stock has witnessed a substantial rise of 99 percent in value over the past year.

The significant growth of Power Finance Corporation’s stock reflects the company’s strong performance, strategic initiatives, and favorable market conditions in the power finance sector.

Power Finance Corporation has effectively utilized its expertise in financing power projects and providing financial assistance to the power sector.

The company’s focus on prudent risk management, diversified portfolio, and effective execution of projects has contributed to its robust financial performance and subsequent inclusion in renowned mutual fund schemes.

The inclusion of Power Finance Corporation in schemes like HDFC Balanced Advantage, Nippon India Growth, and Mirae Asset Emerging Bluechip signifies the recognition and confidence it has garnered from experienced fund managers.

These schemes have strategically invested in the stock, recognizing its potential to generate attractive returns in the diversified equity and growth segments.

Power Finance Corporation’s significant growth over the past year has proven beneficial for investors who have taken positions in the stock through these mutual fund schemes, enabling them to capitalize on the company’s strong performance and the growth prospects of the power finance sector.

Bharat Heavy Electricals Ltd.

Bharat Heavy Electricals Ltd. (BHEL), a renowned company in the heavy electrical equipment industry, holds a position in esteemed mutual fund schemes such as Nippon India Smallcap, Sundaram Large and Midcap, and Nippon India Growth Fund. Notably, this stock has witnessed a significant rise of 95 percent in value over the past year.

The substantial growth of BHEL’s stock reflects the company’s improved performance, strategic initiatives, and positive market sentiment. BHEL has successfully adapted to changing market dynamics, enhanced operational efficiency, and implemented cost optimization measures.

These factors, combined with a strong order book and effective project execution, have contributed to the company’s robust financial performance and subsequent inclusion in renowned mutual fund schemes.

The inclusion of BHEL in schemes like Nippon India Smallcap, Sundaram Large and Midcap, and Nippon India Growth Fund highlights the recognition and confidence it has garnered from experienced fund managers.

These schemes have strategically invested in the stock, recognizing its potential to generate attractive returns in the small-cap and large/mid-cap segments.

BHEL’s substantial growth over the past year has proven beneficial for investors who have taken positions in the stock through these mutual fund schemes, enabling them to capitalize on the company’s strong performance and the growth prospects of the heavy electrical equipment industry.

Indian Bank

Indian Bank, a prominent banking institution, holds a position in esteemed mutual fund schemes such as HDFC Smallcap, HSBC Smallcap, and Edelweiss Midcap Fund. Impressively, this stock has witnessed a substantial rise of 95 percent in value over the past year.

The noteworthy growth of Indian Bank’s stock reflects the bank’s improved performance, strategic initiatives, and positive market sentiment.

Indian Bank has successfully focused on strengthening its asset quality, improving operational efficiency, and expanding its product portfolio to cater to evolving customer needs.

These factors, coupled with prudent risk management practices, have contributed to the bank’s robust financial performance and subsequent inclusion in renowned mutual fund schemes.

The inclusion of Indian Bank in schemes such as HDFC Smallcap, HSBC Smallcap, and Edelweiss Midcap Fund underscores the recognition and confidence it has garnered from experienced fund managers.

These schemes have strategically invested in the stock, recognizing its potential to generate attractive returns in the small-cap and mid-cap segments.

Indian Bank’s substantial growth over the past year has proven beneficial for investors who have taken positions in the stock through these mutual fund schemes, enabling them to capitalize on the bank’s strong performance and the growth prospects of the banking sector.

Bank Of India

Bank of India, a prominent banking institution, holds a position in esteemed mutual fund schemes such as SBI Banking & Financial Services, Aditya Birla Sun Life Pure Value, and Aditya Birla Sun Life Smallcap Fund. Notably, this stock has witnessed a substantial increase of 80 percent in value over the past year.

The significant growth of Bank of India’s stock reflects the bank’s improved performance, strategic initiatives, and positive market sentiment.

Bank of India has undertaken various measures to enhance its asset quality, strengthen its balance sheet, and improve operational efficiency.

These efforts, coupled with prudent risk management practices and customer-centric offerings, have contributed to the bank’s robust financial performance and subsequent inclusion in renowned mutual fund schemes.

The inclusion of Bank of India in schemes such as SBI Banking & Financial Services, Aditya Birla Sun Life Pure Value, and Aditya Birla Sun Life Smallcap Fund underscores the recognition and confidence it has garnered from experienced fund managers.

These schemes have strategically invested in the stock, recognizing its potential to generate attractive returns in the banking and financial services segments.

Bank of India’s substantial growth over the past year has proven beneficial for investors who have taken positions in the stock through these mutual fund schemes, enabling them to capitalize on the bank’s strong performance and the growth prospects of the banking sector.

Punjab National Bank

Punjab National Bank (PNB), a renowned banking institution, holds a position in esteemed mutual fund schemes such as SBI Contra, Quant Smallcap, and Kotak Balanced Advantage Fund. Notably, this stock has witnessed a significant rise of 79 percent in value over the past year.

The remarkable growth of PNB’s stock reflects the bank’s improved performance, strategic initiatives, and positive market sentiment. PNB has implemented various measures to strengthen its balance sheet, enhance asset quality, and improve operational efficiency.

The bank’s focus on risk management, digital transformation, and customer-centric services has contributed to its robust financial performance and subsequent inclusion in renowned mutual fund schemes.

The inclusion of PNB in schemes such as SBI Contra, Quant Smallcap, and Kotak Balanced Advantage Fund signifies the recognition and confidence it has garnered from experienced fund managers.

These schemes have strategically invested in the stock, recognizing its potential to generate attractive returns in the banking sector.

PNB’s substantial growth over the past year has proven beneficial for investors who have taken positions in the stock through these mutual fund schemes, enabling them to capitalize on the bank’s strong performance and the growth prospects of the banking industry.