ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 16.2 as on 18-04-2024
Fund Performance
11654 people have invested ₹ 3.2Cr 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
- ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has ₹358 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.3.
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Overview
 | 0.28% |
 Benchmark | IISL Nifty Midcap 150 TR INR |
 | ₹358 Cr |
 | 22 December, 2021 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 39.74% |
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
88.3%
Small cap
6.1%
Large cap
5.2%
Sector Allocation
Industrial
20.2%
Financial Services
19.3%
Basic Materials
12.7%
Consumer Cyclical
12.5%
Health
11.3%
Tech
8.5%
Real Estate
4.3%
Utilities
4%
Energy
2.7%
Communication
2.6%
Consumer Defensive
2%
Top Holdings of ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth as on (31-Mar-24)
Equity Holdings150
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.39% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.05% as on Mar'24
- This fund underperformed Nifty Midcap 150 by 0.34% in Mar'24
AUM Change
- AUM of the fund stands at 358.1 Cr as of Mar'24
- AUM increased by 12.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Max Healthcare Institute Ltd | 16.9% |
 Solar Industries India Ltd | 16.1% |
 CG Power & Industrial Solutions Ltd | 7.1% |
Top Losers | 1M Return |
|---|---|
 Coforge Ltd | -9% |
 Persistent Systems Ltd | -2.1% |
 Suzlon Energy Ltd | 12.9% |
Peer Analysis
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Fund Manager
Nishit Patel
Fund Manager of ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth, since 22 December 2021
Top funds managed
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 23.35% since inception which is more than its category average return of 19.06%
Fund Allocations
This fund has an allocation of 99.58% in Equity, 0% in Debt and 0.42% in Cash related instruments
AUM size ₹358 Cr
This fund has AUM of ₹358 Cr which is less than its category average of ₹ 689 Cr
Expense Ratio 0.28%
This fund has an expense ratio of 0.28% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth is ₹16.2 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.8% | 5.8% |
6 Month Returns | 20.34% | 20.34% |
1 Year Returns | 56.5% | 56.5% |
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 March 2024
₹358 Cr as on March 2024
Max Healthcare Institute Ltd Ordinary Shares(2.24%), Indian Hotels Co Ltd(1.9%), Suzlon Energy Ltd(1.58%), Persistent Systems Ltd(1.52%), Cummins India Ltd(1.51%) as on March 2024
Industrial(20.14%), Financial Services(19.21%), Basic Materials(12.6%) as on March 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 March 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 March 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 | 3.08 | - | - |
As on March 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 | 12.87 | - | - |
As on March 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%