HDFC Mid Cap Fund has entered its 20th year and has recently crossed ₹1 lakh crore in Assets Under Management. The scheme has generated a return of 17 per cent CAGR since inception, outperforming its benchmark return of 15 per cent CAGR over the same period.
As India’s economy continues to expand, driven by rising consumption, manufacturing growth, formalisation, digitalisation and increasing financialisation, many mid-cap companies could benefit from these structural trends and potentially emerge as tomorrow’s industry leaders.
Navneet Munot, Managing Director & Chief Executive Officer, HDFC Asset Management Company, said the fund has navigated various market cycles and emerged stronger, remaining consistent in identifying quality businesses with long-term growth potential.
The fund follows a bottom-up stock selection approach, focused on identifying quality businesses with robust management, scalable business models, sustainable competitive advantages and reasonable valuations.