Fastest growing mid-cap funds 2020| North Loop Official Blog
North Loop Logo
North Loop
13 Oct 2020

Fastest growing mid-cap funds 2020

thumbnail for Fastest growing mid-cap funds 2020
Credit: North Loop

The securities market has truly faced the heat of the COVID-19 pandemic around the world and most investors have come into a phase of extreme uncertainty. Despite having a strong globally recognized household name, the US stock market, in spite of having silicon valley based corporate giants under its belt, has entered a very volatile state of affairs.

This has led to investors either flocking to relatively inflation immune investment instruments such as gold or has led to investors moving to large-cap funds in pursuit of more stable returns.
But this article unravels some mutual funds options, spanning across various size cap funds, that have outshone other average performing mutual funds.
Despite the market volatility, these mutual funds have seen absolutely no signs of stopping and despite market downturns, have excelled in terms of returns.
Given below is the list of mutual funds that have fared well over the past 1 year.

Name Of Mutual Fund 1-Year Return
T. Rowe Price New Horizons Fund41.17%
AllianzGI Mid-Cap Fund37.86%
Sparrow Growth Fund59.58%
BNY Mellon Sm/Md Cp Gr Fd52.22%
Franklin Small-Mid Cap Growth Fund37.93%

Start investing for free with North Loop and get personalized recommendations

T. Rowe Price New Horizons Fund-

This mutual fund invests in both, small and mid-cap companies that offer high growth potential.
The fund has over $33B worth of assets under management, which are invested into close to 170 different holdings. The fund has returned over 41.17% over the past 1 year, 27.70% over the past 3 years, and 22.45% over the past 5 years. The fund is operated by some of the best wealth managers in the industry and the company has been operating for close to 75 years now. In comparison to other mutual funds, the expense ratio is relatively lesser.

AllianzGI Mid-Cap Fund-

Allianz GI (Global Investors) is a well-established name, with over $370M worth of assets under management. The fund invests the majority of its net assets in common stocks, with the small portion remaining invested in medium-sized company stocks. The fund has returned over 37.86% over the past 1 year, 20.30% over the past 3 years, and 16.79% over the past 5 years.The company has a net expense ratio of 1.14% and the risk exposure is moderately high.

Sparrow Growth

Sparrow growth fund has seen soaring returns in the past one year and has left critics thinking whether the market downturn is in fact real or not. Sparrow growth fund invests in a range of foreign and US common stocks across various market capitalization ranges. Despite having relatively lower assets under management of just over $44M, the prospects of the fund prove to be an extremely lucrative option for investors. The fund has returned over 59.58% over the past 1 year, 31.38% over the past 3 years, and 20.48% over the past 5 years (one of the highest we’ve encountered so far). However, the fund has a high net expense ratio of 2.1% and the risk exposure is relatively high too.

BNY Mellon Sm/Md Cp Gr Fd

This fund invests at least 80% of its net assets in small and mid-cap US company securities. The fund has also seen tremendous growth during the past 1 year, however, has a relatively high amount of assets under management- to the tune of over $3.4B. The fund has returned over 52.22% over the past 1 year, 27.44% over the past 3 years, and 21.05% over the past 5 years. The fund has a relatively low net expense ratio of 0.98%, with the risk exposure being considerably high.

Franklin Small-Mid Cap Growth Fund

This fund invests at least 80% of its net assets in small-cap (as per Russell 2500 index) and mid-cap (as per Russell Midcap index) equity securities. The fund has over $4.33B worth of assets under management, with returns of 37.93% over the past 1 year, 20.74% over the past 3 years, and 15.11% returns over the past 5 years. The fund has a relatively low net-expense ratio of 0.87%, with the risk exposure being significantly high.

Save money with

No-fee banking, investments, remittances & insurance for the global Indian

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.