ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth

Equity
Direct
Index Funds
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth

About the Fund

ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth is an equity fund. This fund was started on 22 December, 2021. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has ₹494 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has given a CAGR return of 27.11% since inception. Over the last 1 year the fund has given a CAGR return of 51.18%.

Holdings

ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Basic Materials, Health, Tech, Real Estate, Utilities, Communication, Energy, Consumer Defensive. Its top holdings are Max Healthcare Institute Ltd Ordinary Shares, Suzlon Energy Ltd, Indian Hotels Co Ltd, Cummins India Ltd, Tube Investments of India Ltd Ordinary Shares

Taxation

As it is a index funds 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 Nifty Midcap 150 Index Fund Direct Growth

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
13253 people have invested ₹ 6Cr in ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.28%
Benchmark
IISL Nifty Midcap 150 TR INR
AUM₹494 Cr
Inception Date22 December, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
39.74%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 100%

  • Debt & Cash 0%

Mid cap
90.4%

Small cap
5.2%

Large cap
4.4%

Sector Allocation

Jun'24

May'24

Apr'24

Industrial
22.1%
Financial Services
17.8%
Consumer Cyclical
12.6%
Basic Materials
12.2%
Health
10.3%
Tech
7.9%
Real Estate
4.9%
Utilities
4.1%
Communication
3.4%
Energy
2.6%
Consumer Defensive
2%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Nishit Patel
Nishit Patel
Fund Manager of ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth, since 22 December 2021

ICICI Prudential Nifty Midcap 150 Index 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 27.11% since inception which is more than its category average return of 22.45%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.99% in Equity, 0% in Debt and 0.01% in Cash related instruments
AUM size ₹494 Cr

AUM size ₹494 Cr

This fund has AUM of ₹494 Cr which is less than its category average of ₹ 801 Cr
Expense Ratio 0.28%

Expense Ratio 0.28%

This fund has an expense ratio of 0.28% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth is ₹18.54 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.14%
1.14%
6 Month Returns
17.83%
17.83%
1 Year Returns
51.18%
51.18%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.28% as on June 2024
₹494 Cr as on June 2024
Max Healthcare Institute Ltd Ordinary Shares(2.16%), Suzlon Energy Ltd(1.74%), Indian Hotels Co Ltd(1.69%), Cummins India Ltd(1.67%), Tube Investments of India Ltd Ordinary Shares(1.41%) as on June 2024
Industrial(22.1%), Financial Services(17.78%), Consumer Cyclical(12.6%) as on June 2024
The alpha ratio for the ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth
-0.6
-
-
As on June 2024
The alpha for ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth is calculated against IISL Nifty Midcap 150 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 Nifty Midcap 150 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth
1
-
-
As on June 2024
The Beta for ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth is calculated with IISL Nifty Midcap 150 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 Nifty Midcap 150 Index 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 Nifty Midcap 150 Index Fund Direct Growth
2.89
-
-
As on June 2024
The sharpe ratio for ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth is calculated with IISL Nifty Midcap 150 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 Nifty Midcap 150 Index 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 Nifty Midcap 150 Index Fund Direct Growth
13.47
-
-
As on June 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.
Nishit Patel is the fund manager of ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth
The Exit load of ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth is 0%