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
- 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.
- The fund has an expense ratio 0.3.
Returns
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has given a CAGR return of 27.70% since inception. Over the last 1 year the fund has given a CAGR return of 53.57%.
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 benefitDividends 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 Overview
| Expense ratio | 0.28% |
Benchmark | IISL Nifty Midcap 150 TR INR |
| AUM | ₹494 Cr |
| Inception Date | 22 December, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 39.74% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Persistent Systems Ltd | 21.2% |
 Max Healthcare Institute Ltd | 4.2% |
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹494 Cr
Expense Ratio 0.28%
Frequently Asked Questions
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.74% | 1.74% |
6 Month Returns | 20.86% | 20.86% |
1 Year Returns | 53.57% | 53.57% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth | -0.6 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth | 1 | - | - |
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 | - | - |
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 | - | - |