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  • ICICI Pru Midcap Fund(D)

    ICICI Pru Midcap Fund(D)
    Dividend Yearly
    1.00  (As on 26-11-2018)
    Category
    Equity - Mid Cap
    52-week NAV high
    111.03  (As on 08-01-2018)
    52-week NAV low
    86.03  (As on 09-10-2018)
    Expense
    2.19%  (As on 30-11-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns -2.20 -5.55 -7.81 -11.17 9.57 10.22 8.00 21.27 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Dividend
    Bonus
    NA
    Launch Date
    Oct 28, 2004
    Last Dividend
    1.00
    Minimum Investment
    5000
  • ICICI Prudential Asset Management Company is one of the leading mutual fund houses in India and provides a variety of mutual fund schemes to its investors. The company is a joint venture between ICICI Bank and UK-based Prudential PLC. The company by offering various types of schemes to its investors has forged a very strong position in the mutual fund industry.

    ICICI Prudential Midcap Fund is an open ended scheme which invests mainly in midcap funds and helps investors who wish to generate long term capital appreciation and create wealth by investing their money in midcap funds. Those investors who will avail the dividend option will get a payout in the form of dividend.

    Investment Objective of ICICI Prudential Midcap Fund - Dividend

    The investment objective of this scheme is to help the investors who wish to create wealth and generate long term capital appreciation by investing mainly in midcap funds.

    Key Features of ICICI Prudential Midcap Fund - Dividend

    Type of fund

    Open-ended equity scheme

    Plans available

    • ICICI Prudential Midcap Fund - Direct Plan
    • ICICI Prudential Midcap Fund

    Options under each plan

    • Growth Option
    • Monthly Dividend Option
    • Dividend Payout
    • Dividend Reinvestment

    Risk

    Moderately High

    Systematic Investment Plan

    Available

    Systematic Transfer Plan

    Available

    Systematic Withdrawal Plan

    Available

    Investment Amount for ICICI Prudential Midcap Fund - Dividend

    Minimum investment amount

    Rs.5000

    Minimum additional purchase amount

    Rs.1000

    Minimum installment for Systematic Investment Plan (SIP)

    A minimum of Rs.500 for up to 4 installments or a minimum of Rs.1,000 for up to 6 installments.

    Minimum installment for Systematic Withdrawal Plan (SWP) post the lock-in period

    Rs.500 for up to 2 installments for both on a monthly and quarterly basis.

    Entry Load

    NA

    Exit Load

    • 1% for exit within 12 months of the date of the allotment.
    • Nil if the units are purchased or redeemed after 12 months of the date of the allotment.

    Asset Allocation for ICICI Prudential Midcap Fund -Dividend

    Type of security

    Indicative allocation (% of total number of assets)

    Risk profile

    ICICI Prudential Midcap Fund - Dividend

    Maximum

    Minimum

    Risk profile

    Equities and equity-related instruments of other than midcap companies

    35

    0

    Medium to High

    Debt securities and Money market instruments and Cash

    35

    0

    Low to Medium

    Equities and equity-related instruments of midcap companies

    100

    65

    High

    Note*: Investment in securitised debt not exceeding 25% of the corpus of the Scheme, the Cumulative Gross Exposure to Equity, Debt, Derivatives Positions, REITs and InvITs will not exceed 100% of the Net Assets of the Scheme.

    Who can invest in ICICI Prudential Midcap Fund -Dividend

    The following entities can invest in the ICICI Prudential Midcap Fund -Dividend scheme:

    • Residents of India either as a single holder or on a joint basis
    • Minor through a parent/s or a guardian
    • Partnership Firms
    • Hindu Undivided Families (HUF) through its Karta
    • Religious, Charitable, and similar type of Trusts registered in India
    • Companies/Corporate bodies/Public Sector undertakings registered in India
    • Army, Air Force, Navy, para-military funds, and eligible bodies
    • Banks and Financial Institutions
    • Industrial and scientific research organisations
    • Institutions, individuals, and corporate bodies in conformity with SEBI rules and guidelines and permitted by the AMC will be allowed to invest in of mutual fund units
    • Other category of investors as notified by the AMC or the trustee
    • Non-resident Indian (NRI) on a full repatriation or non-repatriation basis
    • Foreign Portfolio Investors (FIIs) registered with SEBI

    *Note: The above-mentioned list is indicative. Prospective investors are advised to consult with their financial advisors to check if this scheme is suitable to them

    NAV Disclosure and Benchmark for ICICI Prudential Midcap Fund -Dividend

    Net asset value or NAV of a scheme can be calculated by dividing the total number of assets by the total number of outstanding units. The NAV of a scheme will be calculated and disclosed at the end of each business day and will be available at every Customer Service Centres of the Asset Management Company (AMC). The net asset value of a scheme will be published in at least two english daily newspapers circulating all over India. The portfolio of the scheme will be disclosed by the AMC on its official website i.e. www.icicipruamc.com on either the last day of the month or on the tenth day of the succeeding month as per the SEBI rules and regulations.

    The net asset value of the scheme will also be disclosed by the AMC on the official website of the Association of Mutual Funds of India (AMFI) (www.amfiindia.com) by 9:00 p.m.

    The scheme will publish the NAV of the portfolio on either the last day of the month or on the tenth day of the succeeding month on www.icicipruamc.com as per the SEBI rules and guidelines. If there is any delay, the AMC will have to explain the reason for the delay to AMFI and SEBI the very next day. If the NAV is not available before the commencement of the business hour, the AMC will have to issue a press release providing the reasons for delay and when the NAV will be available to be viewed. The Benchmark Index of this particular scheme is Nifty Midcap 150 Index.

    ICICI Prudential Midcap Fund -Dividend - Fund Manager

    The fund managers of this scheme are Mr. Mrinal Singh and Mr. Mittul Kalawadia.

    Investment restrictions of ICICI Prudential Midcap Fund -Dividend

    Some of the investment restrictions that are specific to the ICICI Prudential Midcap Fund - Dividend:

    • The mutual fund scheme will not invest more than 10% of its NAV in debt instruments including money market and non-money market instruments issued by a single issuer.
    • The scheme can invest in any other scheme under the same asset management company or a different mutual fund without charging any fee for it, provided that all the investments made by all the schemes under the same mutual fund or schemes under other mutual funds do not exceed 5% of the net asset value of the mutual fund.
    • The Mutual Fund under all its scheme will not own more than 10% of any company’s voting rights.
    • A maximum of 5% of the net assets can only be invested by the scheme in unlisted equity and other equity-related instruments in case of open ended schemes and 10% in case of close ended schemes.
    • No mutual fund scheme can invest in any unlisted security of a company or any security issued through private placement by a company. The mutual fund scheme also cannot invest in the listed securities of a company such that the total investment does not exceed 25% of the NAV.
    • The scheme will not invest in Fund of Funds schemes.
    • The scheme will not allow the investor to avail loan for any purpose whatsoever.
    • The mutual fund schemes will not invest more than 10% of its NAV in any equity or equity-related instruments.
    • Any investment made by the company in the NAV of the scheme of its mutual funds or NAV of the scheme of other mutual funds exceeds more than 5%, the company will have to disclose the investments made in accordance with SEBI (MF) rules and regulations.
    • No borrowing shall be done by the Fund until and unless to meet the temporary liquidity needs of the Fund for the redemption/repurchasing of units, payment of interest or dividends to the unitholders.

    *Note: A full list of the investment restrictions for ICICI Prudential Midcap Fund can be found in the Scheme Information Document.

    Dividend Policy under ICICI Prudential Midcap Fund -Dividend

    The dividend policy for different options are given below:

    • Growth Option: No dividends will be declared by the scheme under this option.
    • Dividend Payout: According to SEBI (MF) rules and regulations, the dividend warrants will be dispatched to the unitholders within 30 days of the declaration of the dividend by the Mutual Fund.
    • Dividend Option: In case of a net surplus under the dividend option, the AMC may then approve the distribution of the dividend by the AMC. The net surplus after considering the dividend and the tax will be pooled back into the scheme and will reflect in the NAV.
    • Dividend Reinvestment: Investors who have availed this option may choose to reinvest the dividend they are supposed to receive in other additional units of the scheme.
    • Dividend Transfer Plan (DTP): The DTP facility can be availed under the following schemes:
      • Source schemes: All the schemes where the dividend option is available
      • Target schemes: All the open ended schemes where subscription is allowed

    Other Facilities under ICICI Prudential Midcap Fund -Dividend

    Some of the facilities that an investor can avail under ICICI Prudential Midcap Fund - Dividend are:

    • SIP Top-up facility: An investor can avail the Top-up facility along with Variable Top-up option, or the Fixed Top-up option, where he can increase the SIP amount at fixed interval of time.
    • Systematic Withdrawal Plan (SWP): Investors can avail the SWP option in order to withdraw a certain amount of money from his/her investment on a monthly basis. This facility is ideal for those who are looking for a regular inflow of funds for their requirements.
    • Systematic Transfer Plan (STP): Investors who are availing the STP facility can transfer a part of their investments to another ICICI Prudential Mutual Fund on a daily, weekly, monthly, or on a quarterly basis.
    • Flex STP: An investor can choose to transfer a variable amount linked to value of investments on the date of transfer at predetermined period of time from the designated scheme.
    • Pause SIP: An investor who avails this facility can pause their SIP for a temporary period of time.
    • SIP Plus: Under this facility, an investor will also be provided with a Group Insurance Cover by a life insurance company. It is the responsibility of ICICI Prudential Asset Management Company to to pay the premiums for the insurance policy.
    • Liquidity: Under this facility, the investor can transfer the dividend payout, appreciation, or the dividend reinvestment, or a particular amount from the source schemes to the target schemes.

    *Note: A full list of special facilities that are offered to unitholders can be found in the Scheme Information Document.

    Why should you invest in ICICI Prudential Midcap Fund -Dividend

    ICICI Prudential Midcap Fund - Dividend is an open ended equity scheme which mainly invests in midcap funds. This scheme is suitable for those who wish to generate capital appreciation and create wealth for themselves. An investor who wishes to have a regular payout in the form of a dividend may certainly invest in this scheme.

    Apart from that, an investor can enjoy various facilities such as the SIP Top-up facility where he/she can increase the SIP amount at a certain interval of time. This scheme also allows the investor to pause his/her SIP for a temporary period of time. Apart from various SIP-related options which a person can avail,he/she can also transfer a part of his/her investments to another ICICI Prudential Asset Management Company scheme and also withdraw a certain sum of money from the existing scheme on a monthly basis. One of the most special features offered by this particular scheme is that a person can also avail a Group Insurance Cover for himself/herself where the payment of the premiums will be borne by the Asset Management Company. With abundance of such large varieties of facilities for an investor, this scheme is certainly a popular choice among investors.

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