ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth

ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth

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Equity
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Index Funds
NAV: ₹ 15.81 as on 28-02-2024
Fund Performance
zero opening, trading, fund transfer fee
12744 people have invested ₹ 3.9Cr in ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth in the last three months

About the 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

  1. ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has ₹323 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.28%
Benchmark
Benchmark
IISL Nifty Midcap 150 TR INR
AUM
AUM
₹323 Cr
Inception Date
Inception Date
22 December, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
39.74%

ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 100%

  • Debt & Cash 0%

Size breakup

Mid cap
93.8%
Large cap
4.1%
Small cap
2.1%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
22.5%
Industrial
17.1%
Consumer Cyclical
13.9%
Basic Materials
11.7%
Health
11%
Tech
8.3%
Utilities
5.3%
Real Estate
4%
Communication
2.5%
Energy
2.4%
Consumer Defensive
1.4%

Top Holdings of ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth as on (31-Jan-24)

  • Equity

Equity Holdings150

ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
4.69%
6.92%
9.64%
Nifty Midcap 150
-0.07%
7.22%
6.02%
  • This fund’s returns stands at 4.69% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.07% as on Jan'24
  • This fund outperformed Nifty Midcap 150 by 4.76% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 322.5 Cr
₹ 292.1 Cr
₹ 248.3 Cr
  • AUM of the fund stands at 322.5 Cr as of Jan'24
  • AUM increased by 30.4 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth portfolio Returns for the month of Jan

ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Fund Manager

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 24.39% since inception which is more than its category average return of 20.86%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.97% in Equity, 0% in Debt and 0.03% in Cash related instruments
AUM size ₹323 Cr

AUM size ₹323 Cr

This fund has AUM of ₹323 Cr which is less than its category average of ₹ 662 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 0.51%

Frequently Asked Questions

The current NAV of ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth is ₹15.81 as on 28-Feb-2024.
Existing (Absolute + CAGR) as on 28-Feb-2024.
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.84%
3.84%
6 Month Returns
25.06%
25.06%
1 Year Returns
59.42%
59.42%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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0.28% as on January 2024
₹323 Cr as on January 2024
Power Finance Corp Ltd(2.36%), REC Ltd(2.27%), Max Healthcare Institute Ltd Ordinary Shares(2.12%), Adani Power Ltd(1.99%), Indian Hotels Co Ltd(1.59%) as on January 2024
Financial Services(22.51%), Industrial(17.07%), Consumer Cyclical(13.86%) as on January 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
-0.56
-
-
As on January 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 January 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
2.84
-
-
As on January 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
13.43
-
-
As on January 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%