ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 21-10-2024
₹ 19.09
▲0.2%
1D
Inception Returns
26.4%
/yr
About ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth
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 ₹584 Cr worth of assets under management (AUM) as on Sep 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 26.42% since inception. Over the last 1 year the fund has given a CAGR return of 43.83%.
Holdings
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Basic Materials, Consumer Cyclical, Health, Tech, Consumer Defensive, Real Estate, Communication, Energy, Utilities. Its top holdings are Suzlon Energy Ltd, Max Healthcare Institute Ltd Ordinary Shares, Indian Hotels Co Ltd, Persistent Systems Ltd, Lupin Ltd
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.
Historical NAV & Returns
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Overview
| Expense ratio | 0.3% |
Benchmark | IISL Nifty Midcap 150 TR INR |
| AUM | ₹584 Cr |
| Inception Date | 22 December, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 39.74% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (30-Sep-24)
- This fund’s returns stands at 1.73% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 2.11% as on Sep'24
- This fund underperformed Nifty Midcap 150 by 0.38% in Sep'24
- AUM of the fund stands at 584.1 Cr as of Sep'24
- AUM increased by 26.9 Cr between Sep'24 and Aug'24
Top 3 Sectors in September were Industrial, Financial Services & Consumer Cyclical
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.3%
Frequently Asked Questions for ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.52% | -1.52% |
6 Month Returns | 19.62% | 19.62% |
1 Year Returns | 43.83% | 43.83% |
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 | -0.56 | - | - |
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 | 2.4 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth | 13.93 | - | - |