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.

1. ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has ₹667 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
2. The fund has an expense ratio 0.3.
   

ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has given a CAGR return of 20.16% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 10.07% and 26.93% respectively.

ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Health, Basic Materials, Consumer Cyclical, Tech, Consumer Defensive, Utilities, Communication, Real Estate, Energy. Its top holdings are BSE Ltd, Max Healthcare Institute Ltd Ordinary Shares, Suzlon Energy Ltd, Dixon Technologies (India) Ltd, Persistent Systems Ltd

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 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.