ICICI Prudential MidCap Fund Direct Plan Growth

ICICI Prudential MidCap Fund Direct Plan Growth

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Equity
Direct
Mid-Cap
NAV: ₹ 299.48 as on 24-05-2024

About the Fund

ICICI Prudential MidCap Fund Direct Plan Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Lalit Kumar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential MidCap Fund Direct Plan Growth has ₹5814 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.
Fund Performance
zero opening, trading, fund transfer fee
1024 people have invested ₹ 49.4L in ICICI Prudential MidCap Fund Direct Plan Growth in the last three months

Overview

Expense ratio
Expense ratio
0.94%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹5814 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
--/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
74.37%

ICICI Prudential MidCap Fund Direct Plan Growth Distribution as on (30-Apr-24)

  • Equity 97.1%

  • Debt & Cash 2.9%

Size breakup

Mid cap
68.4%
Large cap
20.4%
Small cap
8.2%
Sector Allocation

Apr'24

Mar'24

Feb'24

Basic Materials
23.8%
Industrial
20.2%
Consumer Cyclical
13.7%
Real Estate
12.2%
Health
8.4%
Financial Services
6.9%
Communication
6.6%
Energy
4.8%
Utilities
2.6%
Tech
0.7%

Top Holdings of ICICI Prudential MidCap Fund Direct Plan Growth as on (30-Apr-24)

  • Equity

Equity Holdings89

Gainers & Losers Returns for the month of Apr

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
5.64%
0.97%
0.98%
Nifty Midcap 150
4.47%
-1.16%
0.27%
  • This fund’s returns stands at 5.64% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 4.47% as on Apr'24
  • This fund outperformed Nifty Midcap 150 by 1.17% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 5.8K Cr
₹ 5.5K Cr
₹ 5.5K Cr
  • AUM of the fund stands at 5.8K Cr as of Apr'24
  • AUM increased by 296.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
Over the last 1 year, this fund has decreased expense ratio by 19.7% moving from 1.17 to 0.94.
Insights icon
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.94% which is lower than the category average expense ratio of 1.16%.
Insights icon
Over the last 6 months, this fund has experienced a 36.7% growth in AUM moving from 4.25K Cr to 5.81K Cr.
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In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 81.89% return, outperforming this fund by 19.3%.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 37.26% return, outperforming this fund by 12.69% per annum.
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In the last 3 years, Motilal Oswal Midcap Direct Growth has given 37.93% return, outperforming this fund by 11.14% per annum.

INDmoney Rank

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15
/19
50% Performance
24% Risk Management
51% Cost
15 out of 19 among mid-cap

Pros

Beats FD returns for both 3Y & 5Y

Cons

Highly volatile within category

Fund Manager

Lalit Kumar
Lalit Kumar
Fund Manager of ICICI Prudential MidCap Fund Direct Plan Growth, since 1 July 2022

ICICI Prudential MidCap Fund Direct Plan Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 20.99% since inception which is more than its category average return of 19.66%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.08% in Equity, 0% in Debt and 2.92% in Cash related instruments
AUM size ₹5814 Cr

AUM size ₹5814 Cr

This fund has AUM of ₹5814 Cr which is less than its category average of ₹ 7818 Cr
Expense Ratio 0.94%

Expense Ratio 0.94%

This fund has an expense ratio of 0.94% which is less than its category average expense ratio of 1.39%

Frequently Asked Questions

The current NAV of ICICI Prudential MidCap Fund Direct Plan Growth is ₹299.48 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
ICICI Prudential MidCap Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.1%
8.1%
6 Month Returns
32.78%
32.78%
1 Year Returns
62.59%
62.59%
3 Years Returns
103.8%
26.79%
5 Years Returns
199.94%
24.57%
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0.94% as on April 2024
₹5814 Cr as on April 2024
Phoenix Mills Ltd(3.59%), Hindustan Petroleum Corp Ltd(3.56%), Jindal Stainless Ltd(3.51%), Jindal Steel & Power Ltd(3.48%), APL Apollo Tubes Ltd(2.54%) as on April 2024
Basic Materials(23.12%), Industrial(19.61%), Consumer Cyclical(13.28%) as on April 2024
The alpha ratio for the ICICI Prudential MidCap Fund Direct Plan Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential MidCap Fund Direct Plan Growth
-1.04
-0.17
-1.71
As on April 2024
The alpha for ICICI Prudential MidCap Fund Direct Plan Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential MidCap Fund Direct Plan Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential MidCap Fund Direct Plan Growth
0.98
0.94
0.97
As on April 2024
The Beta for ICICI Prudential MidCap Fund Direct Plan Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential MidCap Fund Direct Plan Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ICICI Prudential MidCap Fund Direct Plan Growth
2.86
1.32
0.83
As on April 2024
The sharpe ratio for ICICI Prudential MidCap Fund Direct Plan Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential MidCap Fund Direct Plan Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ICICI Prudential MidCap Fund Direct Plan Growth
13.87
14.86
21.85
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.66 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Lalit Kumar is the fund manager of ICICI Prudential MidCap Fund Direct Plan Growth
The Exit load of ICICI Prudential MidCap Fund Direct Plan Growth is 1%