Investor should consider to have this midcap mutual fund in their portfolio keeping the returns giving by this fund in last few years. If you see the last five years period return, it is 28% compounded annually and due to this factor, this fund is among the top funds in midcap catagory.

Birla Midcap is a fund which is able to deliver super return at the upswing time of market and at the same time able to contain itself at the dontrend time of the market.

In the bull run from mid 2006 to early 2007 and again in the recent rally from March 2009, Birla Midcap has managed to outperform its benchmark – CNX Midcap. In the 2007 bull-run though the fund marginally lagged behind its benchmark it still generated triple-digit returns. However it bettered the BSE Midcap index on all three occasions.

But over the last few months, sectors that witnessed sharp rallies such as capital goods, banks, power and construction are back among the top few sectors held by the fund. Birla Midcap’s recent portfolio indicates that it has invested in 60 stocks across as many as 20 sectors and has consciously avoided concentration in select sectors. This may partly insulate the fund from any broader market correction.

So this fund is a must in the portfolio of evry long term investor.

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