ICICI Prudential MidCap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 22-11-2024
₹ 310.58
1D
Inception Returns
20.2%
/yr
About ICICI Prudential MidCap Fund Direct Growth
ICICI Prudential MidCap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Lalit Kumar. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential MidCap Fund Direct Growth has ₹6330 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.1.
Returns
ICICI Prudential MidCap Fund Direct Growth has given a CAGR return of 20.25% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.03%, 19.07% and 25.05% respectively.
Holdings
ICICI Prudential MidCap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Industrial, Financial Services, Communication, Consumer Cyclical, Real Estate, Health, Tech, Utilities, Energy. Its top holdings are Info Edge (India) Ltd, Jindal Stainless Ltd, Phoenix Mills Ltd, Jindal Steel & Power Ltd, Godrej Properties Ltd
Taxation
As it is a mid-cap 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 MidCap Fund Direct Growth
The primary objective of the Scheme is to seek to generate capital appreciation by actively investing in diversified mid cap stocks. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential MidCap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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1474 people have invested ₹ 42.6L in ICICI Prudential MidCap Fund Direct Growth in the last three months
INDmoney Rank for ICICI Prudential MidCap Fund Direct Growth
Powered by IND quant engine
15
/19
45% Performance
18% Risk Management
47% Cost
15 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Highly volatile within category
Poor track record of Recovering losses quickly
ICICI Prudential MidCap Fund Direct Growth Overview
| Expense ratio | 1.05% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹6330 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | --/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 74.37% |
| 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 |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Mid cap
69.8%
Large cap
15.1%
Small cap
13.9%
Sector Allocation
Basic Materials
27.5%
Industrial
19.2%
Financial Services
13%
Communication
12%
Consumer Cyclical
11.8%
Real Estate
10.2%
Health
3.6%
Tech
1.8%
Utilities
0.8%
Energy
0.1%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -6.33% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
- This fund outperformed Nifty Midcap 150 by 0.38% in Oct'24
- AUM of the fund stands at 6.3K Cr as of Oct'24
- AUM decreased by 447.9 Cr between Oct'24 and Sep'24
Top Stocks bought last month
KEI Industries Ltd's allocation increased from 0.57% to 1.37%
National Aluminium Co Ltd's allocation increased from 0.12% to 0.79%
Muthoot Finance Ltd's allocation increased from 2.26% to 2.89%
Top Stocks sold last month
Info Edge (India) Ltd's allocation decreased from 4.05 % to 3.98 %
Jindal Stainless Ltd's allocation decreased from 3.37 % to 3.26 %
Phoenix Mills Ltd's allocation decreased from 3.33 % to 3.22 %
Mid Cap allocation has gone down from 70.7% to 69.8%
Large Cap allocation has gone up from 14.7% to 15.1%
Small Cap allocation has gone up from 13.2% to 13.9%
Cash allocation has gone down from 1.4% to 1.1%
Top 3 Sectors in October were Basic Materials, Industrial & Real Estate
Oct'24
Basic Materials
27%
Industrial
19%
Financial Services
13%
Sep'24
Basic Materials
26%
Industrial
19%
Real Estate
12%
See all
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Lalit Kumar
Fund Manager of ICICI Prudential MidCap Fund Direct Growth, since 1 July 2022
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com
Mutual Fund Insights
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 33.39% return, outperforming this fund by 14.32% per annum.
Over the last 3 months, this fund has increased expense ratio by 4.0% moving from 1.01 to 1.05.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 1.05% which is lower than the category average expense ratio of 1.14%.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 33.13% return, outperforming this fund by 8.08% per annum.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 60.14% return, outperforming this fund by 23.11%.
Over the last 1 month, this fund has experienced a 6.6% drop in AUM moving from 6.77K Cr to 6.33K Cr.
ICICI Prudential MidCap 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 20.25% since inception which is more than its category average return of 18.78%
Fund Allocations
This fund has an allocation of 98.87% in Equity, 0% in Debt and 1.13% in Cash related instruments
AUM size ₹6330 Cr
This fund has AUM of ₹6330 Cr which is less than its category average of ₹ 9389 Cr
Expense Ratio 1.05%
This fund has an expense ratio of 1.05% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for ICICI Prudential MidCap Fund Direct Growth
The current NAV of ICICI Prudential MidCap Fund Direct Growth is ₹310.58 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
ICICI Prudential MidCap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.69% | -5.69% |
6 Month Returns | 3.2% | 3.2% |
1 Year Returns | 37.03% | 37.03% |
3 Years Returns | 68.81% | 19.07% |
5 Years Returns | 205.82% | 25.05% |
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.
1.05% as on October 2024
₹6330 Cr as on October 2024
Info Edge (India) Ltd(3.98%), Jindal Stainless Ltd(3.26%), Phoenix Mills Ltd(3.22%), Jindal Steel & Power Ltd(3.17%), Godrej Properties Ltd(3.03%) as on October 2024
Basic Materials(27.15%), Industrial(19.03%), Financial Services(12.86%) as on October 2024
The alpha ratio for the ICICI Prudential MidCap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential MidCap Fund Direct Growth | 5.82 | -0.48 | -1.75 |
As on October 2024
The alpha for ICICI Prudential MidCap Fund Direct Growth is calculated against S&P BSE Midcap 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 MidCap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential MidCap Fund Direct Growth | 1.01 | 0.93 | 0.98 |
As on October 2024
The Beta for ICICI Prudential MidCap Fund Direct Growth is calculated with S&P BSE Midcap 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 MidCap 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 MidCap Fund Direct Growth | 2.28 | 0.96 | 0.93 |
As on October 2024
The sharpe ratio for ICICI Prudential MidCap Fund Direct Growth is calculated with S&P BSE Midcap 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 MidCap 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 MidCap Fund Direct Growth | 16.52 | 15.42 | 21.86 |
As on October 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.
Sortino ratio is 1.76 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Lalit Kumar is the fund manager of ICICI Prudential MidCap Fund Direct Growth
The Exit load of ICICI Prudential MidCap Fund Direct Growth is 1%