Equity mutual funds saw a 35% rise in total assets under management (AUM) in 2024, increasing from ₹22.50 lakh crore in January to ₹30.35 lakh crore by November.
Mutual Fund SIP accounts in India have reached an impressive 10.23 crore (102.3 million) by November 2024. The total contributions collected through SIPs in November stood at ₹25,320 crore, maintaining the upward trend from ₹25,323 crore in October. This milestone reflects the growing preference of investors for systematic investments in mutual funds.
In the financial year 2024–25, SIP contributions have already reached ₹1,84,568 crore from April to November, surpassing previous years. The SIP Assets Under Management (AUM) has also risen significantly, touching ₹13.54 lakh crore by November.
There are various types of SIP mutual funds, and mid-cap SIPs are becoming a popular choice among investors. These SIPs focus on mid-cap companies, offering the potential for better returns compared to large-cap funds while carrying moderate risk. These funds can be an ideal option for investors aiming to balance growth and risk.
As 2024 wraps up, let’s take a closer look at the most bought mid-cap SIP mutual funds on Angel One this year.
| Mutual Fund Name | NAV (₹) | AUM (₹ in crore) | Expense Ratio (%) |
| Motilal Oswal Midcap Fund Direct Plan Growth | 129.5741 | 22,897.62 | 0.57 |
| HDFC Mid Cap Opportunities Fund Growth Direct Plan | 210.875 | 76,060.89 | 0.76 |
| Quant Mid Cap Fund Growth Direct Plan | 247.0122 | 8,941.21 | 0.58 |
| Nippon India Growth Fund Direct Plan Growth | 4,522.52 | 34,583.63 | 0.79 |
| SBI Magnum Midcap Fund Direct Plan Growth | 267.4438 | 21,454.95 | 0.79 |
| Kotak Emerging Equity Scheme Growth Direct | 156.729 | 52,048.91 | 0.36 |
| Axis Midcap Fund Direct Plan Growth | 131.3 | 30,329.58 | 0.54 |
| PGIM India Midcap Opportunities Fund Direct Plan Growth | 74.88 | 11,092.72 | 0.47 |
| Edelweiss Mid Cap Fund Direct Plan Growth | 118.861 | 8,280.35 | 0.39 |
| Mirae Asset Midcap Fund Direct Growth | 38.325 | 16,695.39 | 0.61 |
Source: Angel One
Note: NAV and AUM data taken as of December 19, 2024.
Criteria: Most bought mid-cap SIPs are listed based on the count of orders received from January 1 to December 17, 2024. These are provided only for informational purposes.
It is important to note that the above schemes are the most invested ones on Angel One. These are not recommendations.
You should do your own research before investing in stocks and mutual funds. Consider your financial goals, risk appetite, etc. or consult a financial advisor.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. This does not constitute a personal recommendation/ investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
The securities/scrip mentioned are for informational purposes only and not for recommendation.
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