Fund Pick: L&T Midcap Fund - Consistently ahead of the pack

Launched in August 2004, L&T Midcap Fund is classified under the small and mid-cap equity schemes of CRISIL Mutual Fund Ranking. It has featured in the top 30 percentile (CRISIL Fund Rank 1 or 2) in the five consecutive quarters ended June 2017. The fund's quarterly average assets under management (AUM) tallied at Rs 9,014 crore in June 2017 under the guidance of S N Lahiri. 

The fund aims to generate capital appreciation by investing primarily in midcap stocks. The scheme will invest primarily in companies whose market capitalisation falls between the highest and the lowest constituent of the Nifty