160.3K
UDThis type of mid cap mutual fund has generated over 100% more returns than the Nifty Midcap 150, and has taken on lower risk. I’ll share its name at the end.
A ₹10,000/month SIP with a 10% step-up in it over 20 years could have turned into ₹7.7 crores—compared to ₹3.02 crores in the Nifty Midcap 150.
This index is called the Nifty Midcap 150 Momentum 50 index, which follows the momentum style of investing.
I shared its back tested data verified by the National Stock Exchange. Tata, and this is not a paid partnership, launched the first index fund that tracks it in Oct 2022 and it has since almost doubled in value.
But remember, despite its stellar performance, midcaps are volatile and you should have an investment horizon of at least 10 years while investing in them.
The fund is called Tata Nifty Midcap 150 Momentum 50 Index Fund.
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