ICICI Prudential MidCap Fund Direct Plan Growth
Equity
Direct
Mid-Cap
NAV: ₹ 274.37 as on 22-04-2024
Fund Performance
1191 people have invested ₹ 96.8L in ICICI Prudential MidCap Fund Direct Plan Growth in the last three months
Mutual Fund Insights
Over the last 1 month, this fund has decreased expense ratio by 9.4% moving from 1.06 to 0.96.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.56% return, outperforming this fund by 11.58% per annum.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.96% which is lower than the category average expense ratio of 1.17%.
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 70.59% return, outperforming this fund by 15.3%.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 33.51% return, outperforming this fund by 11.4% per annum.
Over the last 6 months, this fund has experienced a 25.5% growth in AUM moving from 4.39K Cr to 5.51K Cr.
INDmoney Rank of ICICI Prudential MidCap Fund Direct Plan Growth
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15
/19
53% Performance
24% Risk Management
47% Cost
15 out of 19 among mid-cap
Pros
Beats FD returns for both 3Y & 5Y
Cons
Highly volatile within category
About the ICICI Prudential MidCap Fund Direct Plan Growth
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
- ICICI Prudential MidCap Fund Direct Plan Growth has ₹5517 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.
ICICI Prudential MidCap Fund Direct Plan Growth Overview
 | 0.96% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹5517 Cr |
 | 1 January, 2013 |
 | --/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 74.37% |
ICICI Prudential MidCap Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
69.5%
Large cap
18.7%
Small cap
6.3%
Sector Allocation
Basic Materials
23.6%
Industrial
19.6%
Consumer Cyclical
15.1%
Real Estate
12.2%
Health
11.1%
Communication
6%
Financial Services
4.5%
Energy
4.5%
Utilities
2.7%
Tech
0.7%
Top Holdings of ICICI Prudential MidCap Fund Direct Plan Growth as on (31-Mar-24)
Equity Holdings84
ICICI Prudential MidCap Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.97% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 2.13% in Mar'24
AUM Change
- AUM of the fund stands at 5.5K Cr as of Mar'24
- AUM increased by 32.9 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential MidCap Fund Direct Plan Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Oberoi Realty Ltd | 15.4% |
 Cummins India Ltd | 14.4% |
Jindal Stainless Ltd | 10.4% |
Top Losers | 1M Return |
|---|---|
 Hindustan Petroleum Corporation Ltd | -1.2% |
 ACC Ltd | 3.3% |
 Affle India Ltd | 4.7% |
Peer Analysis
ICICI Prudential MidCap Fund Direct Plan Growth Fund Manager
Lalit Kumar
Fund Manager of ICICI Prudential MidCap Fund Direct Plan Growth, since 1 July 2022
Top funds managed
ICICI Prudential MidCap Fund Direct Plan Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.25% since inception which is more than its category average return of 18.75%
Fund Allocations
This fund has an allocation of 94.73% in Equity, 0% in Debt and 5.27% in Cash related instruments
AUM size ₹5517 Cr
This fund has AUM of ₹5517 Cr which is less than its category average of ₹ 7349 Cr
Expense Ratio 0.96%
This fund has an expense ratio of 0.96% which is less than its category average expense ratio of 1.4%
Frequently Asked Questions
The current NAV of ICICI Prudential MidCap Fund Direct Plan Growth is ₹274.37 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
ICICI Prudential MidCap Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.8% | 4.8% |
6 Month Returns | 29.38% | 29.38% |
1 Year Returns | 55.28% | 55.28% |
3 Years Returns | 104.74% | 26.98% |
5 Years Returns | 171.52% | 22.11% |
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0.96% as on March 2024
₹5517 Cr as on March 2024
Jindal Stainless Ltd(3.64%), Hindustan Petroleum Corp Ltd(3.61%), Lupin Ltd(3.6%), Phoenix Mills Ltd(3.56%), Jindal Steel & Power Ltd(3.35%) as on March 2024
Basic Materials(22.39%), Industrial(18.54%), Consumer Cyclical(14.26%) as on March 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 | -1.6 | -0.24 | -1.19 |
As on March 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 | 0.96 |
As on March 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 | 2.76 | 1.23 | 0.77 |
As on March 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 | 13.74 | 14.72 | 21.84 |
As on March 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 2.47 as on March 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%