Here is the monthly update on our recommended mid cap mutual fund schemes. There are no changes in our recommendation list this month. All our recommended schemes have retained their positions in October. Mid cap category returns have improved from being negative to slightly positive in the last one year, after the recent rally in stock market post the Finance Minister's announcement of corporate tax rate cut.
Mutual fund analysts are hopeful that the category will do much better in the next three-four years. Currently, the mid cap mutual fund category is offering 0.99 per cent in the one-year horizon. The category has given 3.35 per cent returns in three years and 9.28 per cent returns in five years.
Advisors do not recommend mid cap mutual fund schemes to new investors and to those investors who do not have a very high risk appetite. Mid cap mutual fund category can be extremely volatile.
