Mid- and small-cap funds are mandated to invest at least 65 per cent of the money in mid- and small-cap companies, respectively. The rest of it can be invested as they please.
On an individual level, many of these funds are known to put a lot of the remaining money on large-cap stocks, as they can be a safe bet during troubling times.
However, we have found five true-blue mid- and small-cap funds each. In other words, we mention the funds that have had the highest allocation to mid- and small-cap companies, respectively, in the last three years.
Mid-caps is the name of the game
Maximum average allocation to mid-caps in the last three years
| Average mid-cap allocation (%) | |
|---|---|
| Motilal Oswal Midcap | 74.5 |
| Union Midcap | 74.2 |
| Baroda BNP Paribas Midcap | 74 |
| Quant Mid Cap | 74 |
| Axis Midcap | 73.2 |
| Note: Average allocation as of June 30, 2023. Only funds with a three-year history have been considered. | |
Small-caps all the way
Maximum average allocation to small-caps in the last three years
| Average small-cap allocation (%) | |
|---|---|
| Tata Small Cap | 92.9 |
| ICICI Prudential Smallcap | 91.7 |
| HDFC Small Cap | 87.3 |
| ITI Small Cap | 85.4 |
| SBI Small Cap | 82.5 |
| Note: Average allocation as of June 30, 2023. Only funds with a three-year history have been considered. | |
This is by no means a recommendation, but if you wish to invest in the best mid- and small-caps, head over to the ' Analysts' Choice ' section.
Suggested watch: How to pick the hottest small-cap fund?
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