Table of Contents
Best Mid-Cap Stocks for SIP 2023
Zee Entertainment Enterprises Ltd.
Indiabulls Housing Finance Ltd.
Looking for the most reliable mid-cap stocks for SIP? Investing in mid-cap stocks through Systematic Investment Plans (SIPs) can be an effective strategy for long-term wealth creation. In 2023, it becomes crucial to identify the best mid-cap stocks that show promising growth potential. These stocks possess a unique combination of stability and growth, making them attractive investment options for investors seeking higher returns.
By carefully selecting mid-cap stocks for SIPs, investors can capitalize on the growth opportunities offered by these companies and potentially enjoy significant wealth accumulation in the years to come.
Open an account in Angel One.
Best Mid-Cap Stocks for SIP 2023
Mid-cap stocks have the potential for significant growth and can offer higher returns compared to large-cap stocks. Here are some of the best mid-cap stocks for SIP in 2023:
1. Zee Entertainment Enterprises Ltd. (CMP: Rs 194.05)
Zee Entertainment is a global broadcasting and entertainment company. It has a market capitalization of Rs 18,715.72 Cr. With its strong presence in the media industry, Zee Entertainment has the potential for future growth and can be a good addition to a SIP portfolio. It is among the top mid-cap stocks for SIP.
2. Indiabulls Housing Finance Ltd. (CMP: Rs 109.90)
Indiabulls Housing Finance is among the top housing finance companies in India. It has a market capitalization of Rs 5,156.91 Cr. The company benefits from the growing demand for housing and has the potential to deliver steady returns over the long term.
Get the contact details of all Stock Brokers in India.
3. Glenmark Pharmaceuticals Ltd. (CMP: Rs 636.05)
Glenmark Pharmaceuticals is one of the leading pharmaceutical companies in India. It has a market capitalization of Rs 18,016.44 Cr. With its strong product pipeline and focus on innovation, Glenmark Pharmaceuticals can be one of the promising mid-cap stocks for SIP investors.
4. Piramal Enterprises Ltd. (CMP: Rs 784.35)
Piramal Enterprises is another leading pharmaceutical company in India. It has a market capitalization of Rs 19,095.48 Cr. The company has a diversified business portfolio and operates in various sectors, including healthcare, financial services, and information management. Piramal Enterprises can provide a balanced exposure to multiple sectors through SIP.
5. Sun TV Network Ltd. (CMP: Rs 443.55)
Sun TV Network is one of the top Indian media houses. It has a market capitalization of Rs 17,544.65 Cr. The company operates a wide range of television channels and has a strong presence in the regional broadcasting market. With the increasing demand for content, Sun TV Network has the potential for growth in the entertainment industry.
6. Amara Raja Batteries Ltd. (CMP: Rs 625.35)
Amara Raja Batteries is among the top automotive battery manufacturers in India. It has a market capitalization of Rs 10,679.20 Cr. The company offers one of the best mid-cap stocks for SIP and benefits from the growth of the automotive sector and has a strong distribution network. Amara Raja Batteries can be a good long-term investment for SIP investors.
7. Blue Dart Express Ltd. (CMP: Rs 6,578.70)
Blue Dart Express is one of the largest courier service providers in India. It has a market capitalization of Rs 15,729.37 Cr. The company operates a robust logistics network and serves a wide range of industries. With the increasing e-commerce activities, Blue Dart Express can be promising mid-cap stocks for SIP investors.
8. Natco Pharma Ltd. (CMP: Rs 623.80)
Natco Pharma is one of the top pharmaceutical companies in India. It has a market capitalization of Rs 11,145.11 Cr. The company has a strong focus on research and development and has a portfolio of generic and specialty drugs. Natco Pharma can be attractive mid-cap stocks for SIP investors looking for exposure to the pharmaceutical sector.
9. Pidilite Industries Ltd. (CMP: Rs 2,484.05)
Pidilite Industries is a leading adhesive and construction chemical manufacturer in India. It has a market capitalization of Rs 93,430.89 Cr. The company’s well-known brands like Fevicol and Fevikwik enjoy a strong market presence. With the growing construction and infrastructure development in India, Pidilite Industries can be one of the promising mid-cap stocks for SIP investors.
10. Trent Ltd. (CMP: Rs 1,053.85)
Trent Ltd. is a retail company that operates the popular Westside and Zudio retail chains in India. It has a market capitalization of Rs 15,534.77 Cr. The company has been expanding its store network and has a strong customer base. With the increasing consumer spending and organized retail growth in India, Trent Ltd. can offer good growth prospects for SIP investors.
11. Muthoot Finance Ltd. (CMP: Rs 1,277.35)
Muthoot Finance is one of the largest gold financing companies in India. It has a market capitalization of Rs 50,788.82 Cr. The company benefits from the demand for gold loans and has a wide network of branches across the country. As gold remains a popular asset class in India, Muthoot Finance can be one of the most attractive mid-cap stocks for SIP investors.
12. Coromandel International Ltd. (CMP: Rs 974.80)
Coromandel International is a leading agrochemical company in India. It has a market capitalization of Rs 22,178.33 Cr. The company manufactures fertilizers, crop protection products, and specialty nutrients. With the increasing focus on agricultural productivity and the government’s initiatives in the agricultural sector, Coromandel International can be among the most promising mid-cap stocks for SIP investors.
13. PVR Ltd. (CMP: Rs 1,735.95)
PVR Ltd. is one of the largest cinema chains in India. It has a market capitalization of Rs 9,246.55 Cr. The company operates multiplexes across various cities and offers a complete entertainment experience. With the revival of the cinema industry and the growing popularity of movies, PVR Ltd. can be one of the interesting mid-cap stocks for SIP investors.
Find out how a 150 year old chart predicts your Stock Market loss!
14. Balkrishna Industries Ltd. (CMP: Rs 2,430.75)
Balkrishna Industries is a leading manufacturer of off-highway tires. It has a market capitalization of Rs 45,612.67 Cr. The company caters to various sectors, including agriculture, construction, mining, and industrial equipment. With the global demand for off-highway tires and the company’s strong product portfolio, Balkrishna Industries can be a favorable choice for SIP investors.
15. Godrej Properties Ltd. (CMP: Rs 2,165.80)
Godrej Properties is one of the prominent real estate developers in India. It has a market capitalization of Rs 44,080.33 Cr. The company focuses on residential, commercial, and township projects and has a strong presence in key cities. With the revival of the real estate sector and the increasing urbanization, Godrej Properties can provide long-term growth potential for SIP investors.
16. L&T Finance Holdings Ltd. (CMP: Rs 96.70)
L&T Finance Holdings is a non-banking financial company (NBFC) that offers a range of financial services. It has a market capitalization of Rs 23,107.76 Cr. The company provides loans, investment products, and wealth management services. With its diversified financial offerings and a focus on retail and rural markets, L&T Finance Holdings can be one of the most suitable mid-cap stocks for SIP for you.
Open an account with Zerodha.
Conclusion
Investing in the best mid-cap stocks for SIPs in 2023 can be a prudent approach to achieve long-term financial goals. The selected stocks provide a balance between stability and growth, offering investors a chance to participate in the growth potential of mid-sized companies. With careful research and analysis, investors can identify mid-cap stocks that align with their investment objectives and risk appetite, paving the way for potential wealth creation over the investment horizon.
You will love to check out our video on the Truth about SIP: Pros & Cons of SIP.
