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Market move● Neutral for Indian equities
Edelweiss Mid Cap among 5 midcap funds that delivered over 21% CAGR in 3 years. Do you own any?
The brief
- Five midcap funds delivered annualised returns of 18% or more over three years
- HSBC Midcap Fund topped the list at around 21.6%
- Strong midcap fund returns may sustain investor interest in Indian midcap stocks
- Carlyle-led investors take control of Edelweiss’ Nido for over ₹2,000 crore
- Edelweiss completes sale of 45% Nido Home Finance stake to Carlyle for ₹600 crore