HSBC Midcap leads five funds with 23.7% three-year CAGR
In short
Five midcap mutual funds gave annualised returns of 20% or more over three years. HSBC Midcap Fund led the list at 23.7% CAGR.
This matters to investors who hold or compare midcap funds. The summary does not name all five funds or say whether the strong returns will continue.
What the reporting says
Five midcap mutual funds delivered annualised returns of 20% or more over three years, led by HSBC Midcap Fund at 23.7%, according to the summary. The report highlights both top performers and laggards, but it does not name all the funds in the provided text. The immediate takeaway is that midcap fund performance has been strong over the period, though future returns are not stated.
Why it matters
Five midcap mutual funds posted annualised returns of at least 20% over three years, with HSBC Midcap Fund leading at 23.7%, according to the publisher summary. That points to strong recent performance in the midcap category and may interest current holders and new investors comparing funds. The report also mentions laggards, but the names of all winners and underperformers are not given in the available text.