ICICI Prudential MidCap Fund Direct Growth

ICICI Prudential MidCap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 23-12-2024

₹ 318.23

-2.2%

1D

Inception Returns

20.5%

/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

  1. ICICI Prudential MidCap Fund Direct Growth has ₹6330 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
  2. The fund has an expense ratio 1.1.

Returns

ICICI Prudential MidCap Fund Direct Growth has given a CAGR return of 20.48% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 34.27%, 23.24% and 26.00% respectively.

Holdings

ICICI Prudential MidCap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Industrial, Communication, Financial Services, Consumer Cyclical, Real Estate, Health, Tech, Utilities, Energy, Consumer Defensive. 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 benefit
Dividends 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

zero opening, trading, fund transfer fee
1442 people have invested ₹ 47.4L 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
16
/19
40% Performance
20% Risk Management
42% Cost
16 out of 19 among mid-cap
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Beats FD returns for both 3Y & 5Y
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Highly volatile within category
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Poor track record of Recovering losses quickly

ICICI Prudential MidCap Fund Direct Growth Overview

Expense ratio1.06%
Benchmark
S&P BSE Midcap TR INR
AUM₹6330 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP--/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
74.37%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (23-Dec-24)

Period
ICICI Prudential MidCap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
3.1%
3.3%
3.7%
3M
-5.3%
-6%
-4.7%
6M
-0.7%
1.6%
3.2%
1Y
34.3%
26.3%
32.4%
3Y
23.2%
22.9%
23.9%
5Y
26%
27.6%
26.6%

Fund Distribution

as on (30-Nov-24)

  • Equity 97.6%

  • Debt & Cash 2.4%

Mid cap
68.9%

Large cap
15.1%

Small cap
13.4%

Sector Allocation

Nov'24

Oct'24

Sep'24

Basic Materials
29.1%
Industrial
21.6%
Communication
12.8%
Financial Services
11.4%
Consumer Cyclical
10.5%
Real Estate
9.6%
Health
2.8%
Tech
1.6%
Utilities
0.2%
Energy
0.1%
Consumer Defensive
0.1%
All changes are between Sep'24 and Nov'24
Nov'24
Oct'24
Sep'24
Fund Returns
0.87%
-6.33%
2.81%
Nifty Midcap 150
-0.54%
-6.72%
2.05%
  • This fund’s returns stands at 0.87% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.54% as on Nov'24
  • This fund outperformed Nifty Midcap 150 by 1.41% in Nov'24
Parameters
Nov'24
Oct'24
Sep'24
AUM
₹ 6.3K Cr
₹ 6.3K Cr
₹ 6.8K Cr
  • AUM of the fund stands at 6.3K Cr as of Nov'24
  • AUM has remained same between Nov'24 and Oct'24
Mid Cap allocation has gone down from 69.8% to 68.9%
Mid Cap allocation has gone down from 69.8% to 68.9%
Large Cap allocation has gone down from 15.1% to 15.1%
Large Cap allocation has gone down from 15.1% to 15.1%
Small Cap allocation has gone down from 13.9% to 13.4%
Small Cap allocation has gone down from 13.9% to 13.4%
Cash allocation has gone up from 1.1% to 2.4%
Cash allocation has gone up from 1.1% to 2.4%

Top 3 Sectors in November were Basic Materials, Industrial & Financial Services

Nov'24
Basic Materials
29%
Industrial
22%
Communication
13%
Oct'24
Basic Materials
27%
Industrial
19%
Financial Services
13%
Fund
Nov'24
Oct'24
Sep'24
No of Holdings
91
91
93
Top 5 Company Concentration
16.7%
16.7%
17.2%
Company having highest exposure
Info Edge (India) Ltd (4%)
Info Edge (India) Ltd (4%)
Info Edge (India) Ltd (4%)
No of Sectors
11
10
10
Top 5 Sectors Concentration
85.5%
83.5%
80.5%
Sector having highest exposure
Basic Materials (29.1%)
Basic Materials (27.5%)
Basic Materials (25.7%)
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Lalit Kumar
Lalit Kumar
Fund Manager of ICICI Prudential MidCap Fund Direct Growth, since 1 July 2022
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.23L Cr
as on 29-Nov-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

Insights icon
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 1.06% which is lower than the category average expense ratio of 1.13%.
Insights icon
Over the last 6 months, this fund has increased expense ratio by 12.8% moving from 0.94 to 1.06.
Insights icon
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 60.13% return, outperforming this fund by 25.86%.
Insights icon
Over the last 3 months, this fund has experienced a 4.4% drop in AUM moving from 6.62K Cr to 6.33K Cr.
Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.21% return, outperforming this fund by 14.97% per annum.
Insights icon
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 34.68% return, outperforming this fund by 8.67% per annum.

ICICI Prudential MidCap 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 20.48% since inception which is more than its category average return of 19.37%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.57% in Equity, 0% in Debt and 2.43% in Cash related instruments
AUM size ₹6330 Cr

AUM size ₹6330 Cr

This fund has AUM of ₹6330 Cr which is less than its category average of ₹ 9584 Cr
Expense Ratio 1.06%

Expense Ratio 1.06%

This fund has an expense ratio of 1.06% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions for ICICI Prudential MidCap Fund Direct Growth

The current NAV of ICICI Prudential MidCap Fund Direct Growth is ₹318.23 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
ICICI Prudential MidCap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.12%
3.12%
6 Month Returns
-0.73%
-0.73%
1 Year Returns
34.27%
34.27%
3 Years Returns
87.17%
23.24%
5 Years Returns
217.6%
26%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
1.06% as on November 2024
₹6330 Cr as on November 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 November 2024
Basic Materials(28.42%), Industrial(21.12%), Communication(12.5%) as on November 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
5.78
-0.02
-1.38
As on November 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
0.92
0.93
0.97
As on November 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
1.92
1.02
0.93
As on November 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
13.51
15.29
21.86
As on November 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 1.87 as on November 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%