ICICI Prudential MidCap Fund Direct Growth

ICICI Prudential MidCap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 31-10-2024

₹ 315.39

Inception Returns

20.7%

/yr

About ICICI Prudential MidCap Fund Direct Growth

ICICI Prudential MidCap Fund Direct 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 Growth has ₹6778 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

ICICI Prudential MidCap Fund Direct Growth has given a CAGR return of 20.68% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 52.95%, 21.39% and 25.57% respectively.

Holdings

ICICI Prudential MidCap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Industrial, Real Estate, Financial Services, Communication, Consumer Cyclical, Health, Utilities, Tech, Energy. Its top holdings are Info Edge (India) Ltd, Jindal Stainless Ltd, Jindal Steel & Power Ltd, Phoenix Mills Ltd, Godrej Properties Ltd

Taxation

As it is a mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of ICICI Prudential MidCap Fund Direct Growth

The primary objective of the Scheme is to seek to generate capital appreciation by actively investing in diversified mid cap stocks. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential MidCap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1460 people have invested ₹ 43L in ICICI Prudential MidCap Fund Direct Growth in the last three months

INDmoney Rank for ICICI Prudential MidCap Fund Direct Growth

Powered by IND quant engine
16
/19
44% Performance
15% Risk Management
44% Cost
16 out of 19 among mid-cap
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Beats FD returns for both 3Y & 5Y
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Highly volatile within category
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Poor track record of Recovering losses quickly

ICICI Prudential MidCap Fund Direct Growth Overview

Expense ratio1.04%
Benchmark
S&P BSE Midcap TR INR
AUM₹6778 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP--/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
74.37%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (31-Oct-24)

Period
ICICI Prudential MidCap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
-6.3%
-6.1%
-6%
3M
-4.2%
-2.2%
-3.1%
6M
12%
10.8%
13.2%
1Y
52.9%
42.8%
46%
3Y
21.4%
21.6%
21.6%
5Y
25.6%
27.6%
26.3%

Fund Distribution

as on (30-Sep-24)

  • Equity 98.6%

  • Debt & Cash 1.4%

Mid cap
70.7%

Large cap
14.7%

Small cap
13.2%

Sector Allocation

Sep'24

Aug'24

Jul'24

Basic Materials
25.7%
Industrial
19.5%
Real Estate
11.9%
Financial Services
11.8%
Communication
11.7%
Consumer Cyclical
10.8%
Health
4.8%
Utilities
1.9%
Tech
1.7%
Energy
0.4%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
2.81%
-0.56%
3.28%
Nifty Midcap 150
2.05%
1.01%
3.95%
  • This fund’s returns stands at 2.81% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 2.05% as on Sep'24
  • This fund outperformed Nifty Midcap 150 by 0.76% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 6.8K Cr
₹ 6.6K Cr
₹ 6.7K Cr
  • AUM of the fund stands at 6.8K Cr as of Sep'24
  • AUM increased by 153.7 Cr between Sep'24 and Aug'24
Top Stocks bought last month
Hitachi Energy India Ltd Ordinary Shares's allocation increased from 0.41% to 1.38%
Hitachi Energy India Ltd Ordinary Shares's allocation increased from 0.41% to 1.38%
BSE Ltd's allocation increased from 1.07% to 1.91%
BSE Ltd's allocation increased from 1.07% to 1.91%
Muthoot Finance Ltd's allocation increased from 1.63% to 2.26%
Muthoot Finance Ltd's allocation increased from 1.63% to 2.26%
Top Stocks sold last month
Jindal Stainless Ltd's allocation decreased from 3.46 % to 3.37 %
Jindal Stainless Ltd's allocation decreased from 3.46 % to 3.37 %
Phoenix Mills Ltd's allocation decreased from 3.48 % to 3.33 %
Phoenix Mills Ltd's allocation decreased from 3.48 % to 3.33 %
Prestige Estates Projects Ltd's allocation decreased from 2.92 % to 2.91 %
Prestige Estates Projects Ltd's allocation decreased from 2.92 % to 2.91 %
Small Cap allocation has gone up from 11.2% to 13.2%
Small Cap allocation has gone up from 11.2% to 13.2%
Mid Cap allocation has gone up from 70.6% to 70.7%
Mid Cap allocation has gone up from 70.6% to 70.7%
Large Cap allocation has gone down from 15% to 14.7%
Large Cap allocation has gone down from 15% to 14.7%
Cash allocation has gone up from 1.2% to 1.4%
Cash allocation has gone up from 1.2% to 1.4%

Top 3 Sectors in September were Basic Materials, Industrial & Real Estate

Sep'24
Basic Materials
26%
Industrial
19%
Real Estate
12%
Aug'24
Basic Materials
25%
Industrial
20%
Real Estate
12%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
93
89
91
Top 5 Company Concentration
17.2%
17%
16.5%
Company having highest exposure
Info Edge (India) Ltd (4%)
Info Edge (India) Ltd (3.9%)
Info Edge (India) Ltd (3.6%)
No of Sectors
10
11
11
Top 5 Sectors Concentration
80.5%
79%
79.6%
Sector having highest exposure
Basic Materials (25.7%)
Basic Materials (24.6%)
Basic Materials (23.9%)
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Lalit Kumar
Lalit Kumar
Fund Manager of ICICI Prudential MidCap Fund Direct Growth, since 1 July 2022
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.1L Cr
as on 30-Sep-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 1.04% which is lower than the category average expense ratio of 1.13%.
Insights icon
Over the last 1 month, this fund has increased expense ratio by 4.0% moving from 1.00 to 1.04.
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Over the last 6 months, this fund has experienced a 22.9% growth in AUM moving from 5.51K Cr to 6.77K Cr.
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In the last 1 year, Motilal Oswal Midcap Direct Growth has given 67.94% return, outperforming this fund by 15%.
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In the last 3 years, Motilal Oswal Midcap Direct Growth has given 35.07% return, outperforming this fund by 13.68% per annum.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 34.54% return, outperforming this fund by 8.97% per annum.

ICICI Prudential MidCap Fund Direct 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 20.68% since inception which is more than its category average return of 19.39%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.65% in Equity, 0% in Debt and 1.35% in Cash related instruments
AUM size ₹6778 Cr

AUM size ₹6778 Cr

This fund has AUM of ₹6778 Cr which is less than its category average of ₹ 9782 Cr
Expense Ratio 1.04%

Expense Ratio 1.04%

This fund has an expense ratio of 1.04% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions for ICICI Prudential MidCap Fund Direct Growth

The current NAV of ICICI Prudential MidCap Fund Direct Growth is ₹315.39 as on 31-Oct-2024.
Existing (Absolute + CAGR) as on 31-Oct-2024.
ICICI Prudential MidCap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-6.33%
-6.33%
6 Month Returns
12.04%
12.04%
1 Year Returns
52.95%
52.95%
3 Years Returns
78.85%
21.39%
5 Years Returns
212.21%
25.57%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.04% as on October 2024
₹6778 Cr as on October 2024
Info Edge (India) Ltd(4.05%), Jindal Stainless Ltd(3.37%), Jindal Steel & Power Ltd(3.34%), Phoenix Mills Ltd(3.33%), Godrej Properties Ltd(3.11%) as on October 2024
Basic Materials(25.32%), Industrial(19.22%), Real Estate(11.72%) as on October 2024
The alpha ratio for the ICICI Prudential MidCap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential MidCap Fund Direct Growth
5.82
-0.48
-1.75
As on October 2024
The alpha for ICICI Prudential MidCap Fund Direct 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 Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential MidCap Fund Direct Growth
1.01
0.93
0.98
As on October 2024
The Beta for ICICI Prudential MidCap Fund Direct 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 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 Growth
2.28
0.96
0.93
As on October 2024
The sharpe ratio for ICICI Prudential MidCap Fund Direct 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 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 Growth
16.52
15.42
21.86
As on October 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 1.76 as on October 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 Growth
The Exit load of ICICI Prudential MidCap Fund Direct Growth is 1%