ICICI Prudential MidCap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 06-09-2024
₹ 325.45
1D
Inception Returns
21.3%
/yr
About the Fund
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 ₹6683 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
ICICI Prudential MidCap Fund Direct Growth has given a CAGR return of 21.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 50.50%, 24.32% and 28.58% respectively.
Holdings
ICICI Prudential MidCap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Industrial, Real Estate, Consumer Cyclical, Communication, Financial Services, Health, Utilities, Government, Energy, Tech. Its top holdings are Info Edge (India) Ltd, Phoenix Mills Ltd, Jindal Steel & Power Ltd, Godrej Properties Ltd, Jindal Stainless 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
▲
▼
1243 people have invested ₹ 37.7L in ICICI Prudential MidCap Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
16
/19
45% Performance
16% Risk Management
44% Cost
16 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Highly volatile within category
Poor track record of Recovering losses quickly
Fund Overview
| Expense ratio | 1% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹6683 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 (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Mid cap
70.2%
Large cap
14.8%
Small cap
11.6%
Sector Allocation
Basic Materials
23.9%
Industrial
21.7%
Real Estate
12.1%
Consumer Cyclical
11.1%
Communication
10.8%
Financial Services
9.3%
Health
5.2%
Utilities
3.2%
Energy
2.2%
Tech
0.5%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 3.28% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 3.95% as on Jul'24
- This fund underperformed Nifty Midcap 150 by 0.67% in Jul'24
- AUM of the fund stands at 6.7K Cr as of Jul'24
- AUM increased by 155.4 Cr between Jul'24 and Jun'24
Top Stocks bought last month
InterGlobe Aviation Ltd's allocation increased from 0.26% to 1.41%
SRF Ltd's allocation increased from 0.35% to 1.17%
Info Edge (India) Ltd's allocation increased from 2.78% to 3.56%
Top Stocks sold last month
Phoenix Mills Ltd's allocation decreased from 3.64 % to 3.29 %
Jindal Steel & Power Ltd's allocation decreased from 3.49 % to 3.22 %
Jindal Stainless Ltd's allocation decreased from 3.64 % to 3.2 %
Large Cap allocation has gone down from 16.2% to 15.2%
Mid Cap allocation has gone down from 68.6% to 68.1%
Cash allocation has gone down from 3.4% to 1.7%
Top 3 Sectors in July were Basic Materials, Industrial & Consumer Cyclical
Jul'24
Basic Materials
24%
Industrial
22%
Real Estate
12%
Jun'24
Basic Materials
24%
Industrial
21%
Consumer Cyclical
14%
Top Growth Drivers | 1M Return |
|---|---|
 Affle India Ltd | 11.2% |
 Info Edge (India) Ltd | 9.9% |
Jindal Stainless Ltd | 9.1% |
Loading...
We are taking more time than usual
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
₹6.26L Cr
as on 31-Jul-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
enquiry@icicipruamc.com
Mutual Fund Insights
Over the last 1 month, this fund has experienced a 2.4% growth in AUM moving from 6.52K Cr to 6.68K Cr.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 1% which is lower than the category average expense ratio of 1.13%.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 39.13% return, outperforming this fund by 10.55% per annum.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.4% return, outperforming this fund by 14.08% per annum.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 61.89% return, outperforming this fund by 11.39%.
Over the last 3 months, this fund has increased expense ratio by 4.2% moving from 0.96 to 1.00.
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 21.3% since inception which is more than its category average return of 20.5%
Fund Allocations
This fund has an allocation of 98.34% in Equity, 0% in Debt and 1.66% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 9355 Cr
Expense Ratio 1%
This fund has an expense ratio of 1% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of ICICI Prudential MidCap Fund Direct Growth is ₹325.45 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
ICICI Prudential MidCap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.16% | 5.16% |
6 Month Returns | 22.56% | 22.56% |
1 Year Returns | 50.5% | 50.5% |
3 Years Returns | 92.16% | 24.32% |
5 Years Returns | 251.42% | 28.58% |
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% as on August 2024
₹6683 Cr as on August 2024
Info Edge (India) Ltd(3.56%), Phoenix Mills Ltd(3.29%), Jindal Steel & Power Ltd(3.22%), Godrej Properties Ltd(3.22%), Jindal Stainless Ltd(3.2%) as on August 2024
Basic Materials(23.5%), Industrial(21.3%), Real Estate(11.92%) as on August 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 | 3.25 | -0.58 | -1.8 |
As on August 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 | 1.02 | 0.92 | 0.98 |
As on August 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 | 2.62 | 1.23 | 1.06 |
As on August 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 | 15.04 | 14.74 | 21.57 |
As on August 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 2.44 as on August 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%