Motilal Oswal Midcap 30 Fund Vs BNP Paribas Mid Cap Fund

Motilal Oswal Midcap 30 Fund and BNP Paribas Mid Cap Fund belong to the mid-cap category of Equity Fund. mid cap funds in simple terms are a level below Large cap funds in terms of Market capitalization. These schemes are a good investment option for long-term tenure. Mid-cap funds invest their fund money in stocks of companies having a market capitalization between INR 500 – INR 10,000 Crores. Since these companies are smaller in size, they are able to adapt to the changes quickly. In many instances, mid-cap funds have outperformed large-cap funds. Though there are numerous schemes in a given category of Mutual Fund, yet differ with each other. So, let us understand the differences between Motilal Oswal Midcap 30 Fund and BNP Paribas Mid Cap Fund through this article.

Motilal Oswal Midcap 30 Fund (Erstwhile Motilal Oswal MOSt Focused Multicap 35 Fund)

Motilal Oswal Midcap 30 Fund (earlier known as Motilal Oswal Most Focused Midcap 30 Fund) is offered by Motilal Oswal Mutual Fund and was incepted on February 24, 2014. The objective of Motilal Oswal Midcap 30 Fund is to attain Capital growth in the long-term by Investing the pooled money in stocks of quality mid-cap companies that have long-term competitive advantages and growth potentials. However, at a given point in time, the scheme would not invest in more than 30 companies. This scheme of Motilal Oswal Mutual Fund uses Nifty Midcap 100 Index as its benchmark to construct its Portfolio. Based on the Asset Allocation objective of the scheme, it invests around 65-100% in stocks of mid-cap companies. This scheme is suitable for a medium to long-term investment tenure and its risk-appetite is moderately high. Mr. Akash Singhania and Mr. Abhiroop Mukherjee are the joint fund managers managing the Motilal Oswal Midcap 30 Fund.

BNP Paribas Mid Cap Fund

Being a part of BNP Paribas Mutual Fund, this scheme aims to take advantages of investment opportunities in the small and mid-cap segments. BNP Paribas Mid Cap Fund strives to invest in the stocks of companies that have long-term growth potentials and companies driven by the dynamic style of management and entrepreneurial flair. BNP Paribas Mid Cap Fund uses Nifty Free Float Midcap 100 TRI as its benchmark to build its basket of assets. This scheme is jointly managed by Mr. Abhijeet Dey and Mr. Karthikraj Lakshmanan. Some of the top 10 holdings of BNP Paribas Mid Cap Fund as on March 31, 2018, include Colgate Palmolive (India) Limited, Kansai Nerolac Paints Limited, Bharat Financial Inclusion Limited, and Mahindra & Mahindra Financial Services Limited.

Motilal Oswal Midcap 30 Fund Vs BNP Paribas Mid Cap Fund

There are a number of differences that exist between Motilal Oswal Midcap 30 Fund and BNP Paribas Mid Cap Fund based on numerous parameters. These parameters are classified into four sections, namely, basics section, performance section, yearly performance section, and other details section. These sections are listed below as follows.

Basics Section

It is the first section in the comparison of the schemes. The comparable parameters that form part of this section include current NAV, Fincash Rating, and scheme category. To begin with the current NAV, it can be said that both the schemes differ on account of NAV. The NAV of Motilal Oswal Midcap 30 Fund was approximately INR 25, while of BNP Paribas Midcap Fund was around INR 30 as on May 03, 2018. With respect to the Fincash Category, it can be said that both the schemes are rated as 3-Star schemes. The comparison of scheme category states that both the schemes are a part of the same category, that is, Equity Mid & small cap. The table given below summarizes the comparison of the basics section.

Performance Section

The comparison of CAGR of Compounded Annual Growth Rate returns at different time intervals is done in the performance section. These time intervals include 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of CAGR returns states that for certain time periods, Motilal Oswal Midcap 30 Fund has performed well while in others, BNP Paribas Mid Cap Fund has done better. The summary comparison of the performance section is tabulated as follows.

Yearly Performance Section

This section analyzes the differences in the absolute returns generated by both the schemes for a particular year. The comparison of yearly performance section states that for certain years BNP Paribas Mid Cap Fund leads the race and in others, Motilal Oswal Midcap 30 Fund leads the race. The summary comparison of the yearly performance section is as follows.

Other Details Section

AUM, Minimum SIP investment, minimum lumpsum investment and exit load are some of the comparable elements forming part of other details section. This minimum lumpsum investment is same for both the schemes, that is, INR 5,000. However, there is a difference in the minimum SIP investment. In case of Motilal Oswal Midcap 30 Fund the minimum SIP amount is INR 1,000 and for BNP Paribas Mid Cap Fund, it is INR 500. The comparison of AUM also reveals a difference in both the schemes. As of March 31, 2018, the AUM of BNP Paribas Mid Cap Fund is approximately INR 774 Crores while of Motilal Oswal Midcap 30 Fund is around INR 1,279 Crores. However, the exit load in case of both the schemes is same. The summary of the other details section is listed as follows.

Growth of 10k Investments over the years