ICICI Prudential MidCap Fund

NAV Date 05-01-2021
Fund Name Category NAV NAV Change 1 year %
ICICI Pru Balanced Advantage Fund(G) Hybrid - Equity Oriented 42.92 0.1100 12.39
ICICI Pru Bluechip Fund(G) Equity - Large Cap 51.47 0.2800 15.27
ICICI Pru Equity & Debt Fund(G) Hybrid - Equity Oriented 154.99 0.3700 10.19
ICICI Pru LT Equity Fund (Tax Saving)(D) Equity - Tax Saving 20.32 0.1200 15.20
ICICI Pru Midcap Fund(G) Equity - Mid Cap 116.97 0.6000 22.14
ICICI Pru Multi-Asset Fund(G) Equity - Large Cap 310.62 0.4330 11.26
ICICI Pru Savings Fund(G) Debt - Liquid 414.9 0.1514 08.50
ICICI Pru Short Term Fund(G) Debt - Short Term Income 45.78 0.0266 10.50
ICICI Pru Value Discovery Fund(G) Equity - Large Cap 179.62 0.5300 25.24
ICICI Pru Child Care Fund-Gift Plan Hybrid - Equity Oriented 161.3 0.6300 10.18
ICICI Pru Child Care Fund-Gift Plan-Direct Plan Hybrid - Equity Oriented 171.53 0.6800 10.88
ICICI Pru Equity & Debt Fund(G)-Direct Plan Hybrid - Equity Oriented 167.67 0.4000 10.78
ICICI Pru FMCG Fund(D)-Direct Plan Equity - FMCG 117.07 0.2700 12.97
ICICI Pru FMCG Fund(G) Equity - FMCG 276.93 0.6400 12.25
ICICI Pru FMCG Fund(G)-Direct Plan Equity - FMCG 293.79 0.6900 12.98
ICICI Pru Floating Interest Fund(D) Debt - Ultra Short Term 163.66 0.0861 09.42
ICICI Pru Floating Interest Fund(D)-Direct Plan Debt - Ultra Short Term 169.12 0.0923 10.22
ICICI Pru Floating Interest Fund(DP) Debt - Ultra Short Term 163.66 0.0861 09.42
ICICI Pru Floating Interest Fund(DP)-Direct Plan Debt - Ultra Short Term 169.12 0.0923 10.22
ICICI Pru Floating Interest Fund(G) Debt - Ultra Short Term 324.11 0.1703 09.42
ICICI Pru Floating Interest Fund(G)-Direct Plan Debt - Ultra Short Term 343.46 0.1873 10.22
ICICI Pru LT Equity Fund (Tax Saving)(G)-Direct Plan Equity - Tax Saving 490.96 2.8900 16.13
ICICI Pru Large & Mid Cap Fund(G) Equity - Large Cap 380.64 0.6000 13.85
ICICI Pru Large & Mid Cap Fund(G)-Direct Plan Equity - Large Cap 409.34 0.6600 14.73
ICICI Pru Liquid Fund(D) Debt - Liquid 151.98 0.0115 04.22
ICICI Pru Liquid Fund(D)-Direct Plan Debt - Liquid 152.62 0.0121 04.34
ICICI Pru Liquid Fund(DP)-Direct Plan Debt - Liquid 152.62 0.0121 04.34
ICICI Pru Liquid Fund(G) Debt - Liquid 300.86 0.0229 04.22
ICICI Pru Liquid Fund(G)-Direct Plan Debt - Liquid 302.46 0.0240 04.34
ICICI Pru Liquid Fund-Unclaimed Dividend Debt - Liquid 133.23 0.0108 04.39
ICICI Pru Liquid Fund-Unclaimed Redemption Debt - Liquid 133.23 0.0108 04.39
ICICI Pru Midcap Fund(G)-Direct Plan Equity - Mid Cap 125.9 0.6500 23.27
ICICI Pru Money Market Fund(D) Debt - Liquid 148.19 0.0279 06.17
ICICI Pru Money Market Fund(D)-Direct Plan Debt - Liquid 149.03 0.0285 06.29
ICICI Pru Money Market Fund(DP)-Direct Plan Debt - Liquid 149.03 0.0285 06.29
ICICI Pru Money Market Fund(G) Debt - Liquid 290.64 0.0548 06.17
ICICI Pru Money Market Fund(G)-Direct Plan Debt - Liquid 292.74 0.0562 06.29
ICICI Pru Multi-Asset Fund(G)-Direct Plan Equity - Large Cap 331.31 0.4566 11.99
ICICI Pru Multicap Fund(G) Equity - Multi Cap 334.35 2.2900 10.88
ICICI Pru Multicap Fund(G)-Direct Plan Equity - Multi Cap 358.92 2.4700 11.97
ICICI Pru Nifty 100 ETF Equity - ETF 154.5 0.9538 17.07
ICICI Pru Nifty ETF Equity - ETF 150.73 0.7064 17.01
ICICI Pru Nifty Index Fund(G) Equity - Index 138.01 0.6439 16.44
ICICI Pru Nifty Index Fund(G)-Direct Plan Equity - Index 142.48 0.6662 16.89
ICICI Pru Savings Fund(D) Debt - Ultra Short Term 165.78 0.0605 08.50
ICICI Pru Savings Fund(D)-Direct Plan Debt - Ultra Short Term 167.47 0.0616 08.61
ICICI Pru Savings Fund(DP)-Direct Plan Debt - Ultra Short Term 167.47 0.0616 08.61
ICICI Pru Savings Fund(G)-Direct Plan Debt - Ultra Short Term 418.47 0.1540 08.61
ICICI Pru Sensex ETF Equity - ETF 521.39 2.8063 18.12
ICICI Pru Value Discovery Fund(G)-Direct Plan Equity - Multi Cap 192.62 0.5700 25.94
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To be able to invest in a company that might lead the industry tomorrow is almost every investors dream and that is what the ICICI Prudential MidCap Fund bring to investors. The investments made in this fund are generally in the mid cap companies that are just emerging. It projects an indicative investments horizon of at least 3 to 5 years through a diversified portfolio and is targeted at those investors who are looking to build wealth over a long period of time.

Type or nature of fund

This is an open-ended diversified equity fund.

Investment objective

The objective of this fund is to generate long term returns through a diversified portfolio that invests in mid cap emerging companies. It targets companies that have to potential to provide higher appreciation for capital invested with them.

Fund information

Inception date 28 October 2004
CRISIL rank 3 as of June 2015
Plans Regular and Direct
Options Not available
Schemes

•ICICI Prudential MidCap Fund - Direct Plan - Dividend

•ICICI Prudential MidCap Fund - Direct Plan - Growth

•ICICI Prudential MidCap Fund - Regular Plan - Dividend

•ICICI Prudential MidCap Fund - Regular Plan - Growth

Entry load Nil. If the fund is invested in through an authorised distributor then the investor may need to pay a commission to the distributor.
Exit load 1% of the NAV if withdrawals happen within 1 year or allocation of units.
Minimum investment

•Rs. 5,000 for fresh investments.

•Rs. 1,000 for additional investments.

SIP

•Rs. 1,000 for monthly SIPs with a minimum investment of 6 instalments.

•Rs. 5,000 for quarterly SIPs with a minimum investment of 4 instalments.

Product label

•The risk category of this fund is Moderately High.

•It is targeted at those looking for long term wealth creation

Benchmark

CNX Nifty

CNX Nifty, or Nifty 50 or Nifty is a free floating capitalisation weighted index that computes based on the free floating methodology. It covers 22 sectors and is owned and operated by India Index Services and Products.

SWP Available with a minimum withdrawal of Rs. 500 and with increments in multiples of Re. 1.
STP Yes but only STP In is allowed.
Redemption The minimum amount for redemption is Rs. 500 with increments in multiples of Re. 1.

Fund manager(s)

Mrinal Singh

  • Education: BE and PGDM
  • Past experience:
    • Fund Manager (AVP), ICICI Prudential AMC Ltd.
    • Senior Manager, ICICI Prudential AMC Ltd.
    • Manager, ICICI Prudential AMC Ltd.
    • WIPRO Ltd
    • Robert Bosch GmbHMotor Industries Co Ltd.(MICO),Bangalore
  • Other funds managed
    • ICICI Prudential Technology Fund
    • ICICI Prudential Value Discovery Fund
    • ICICI Prudential Advisor Series
    • ICICI Prudential Dividend Yield Equity Fund
    • ICICI Prudential value Fund – Series 4
    • ICICI Prudential value Fund – Series 5

Investment philosophy or strategy

The investment philosophy of this fund is to apply a bottom-up approach to picking investments from the mid cap segment. The stocks are also picked very carefully after having taken their potential for growth into consideration.

Portfolio

Company/Sector Investment
Banks

•HDFC Bank Ltd. 5.07%

•The Federal Bank Ltd. 3.68%

•The Jammu & Kashmir Bank Ltd. 3.30%

•Punjab National Bank 3.05%

•Bank Of Baroda 2.28%

•The South Indian Bank Ltd. 2.00%

•Karur Vysya Bank Ltd. 1.22%

20.60%
Industrial Products

•Bharat Forge Ltd. 4.96%

•Mahindra CIE Automotive Ltd. 2.86%

•SKF India Ltd. 2.12%

•Elgi Equipments Ltd. 2.00%

11.94%
Construction Project

•Ashoka Buildcon Ltd. 2.39%

•GMR Infrastructure Ltd. 2.17%

•Sadbhav Engineering Ltd. 2.08%

•NCC Ltd. 1.38%

9.19%
Short Term Debt & Net Current Assets 8.55%
Auto Ancillaries

•Motherson Sumi Systems Ltd. 2.90%

•Apollo Tyres Ltd. 2.67%

5.57%
Finance

•Bajaj Finserv Ltd. 3.36%

•Max India Ltd. 1.68%

5.03%
Consumer Non Durables

•United Spirits Ltd. 2.61%

•Tata Global Beverages Ltd. 2.23%

4.84%
Cement

•Grasim Industries Ltd. 2.67%

•Shree Cements Ltd. 1.75%

4.42%
Textile Products

•Welspun India Ltd. 4.39%

4.39%
Gas

•Petronet LNG Ltd. 2.66%

•Indraprastha Gas Ltd. 1.34%

4.00%

Risk measures

Sharpe ratio 1.24
Alpha  
Portfolio beta 0.87
Std deviation 17.97 (annual)

Performance

AUM Rs. 1281.03 crores (As of June 30, 2015)
NAV (As of June 30, 2015)

•Regular Plan Growth Option: Rs. 69.50

•Regular Plan Dividend Option: Rs. 24.89

•Direct Plan Growth Option: Rs. 70.80

•Direct Plan Dividend Option: Rs. 28.61

Expense ratio

•ICICI Prudential MidCap Fund Direct Plan - 0.90

•ICICI Prudential MidCap Fund Regular Plan

  • First 100 crores of daily net assets - 2.5%
  • Next 300 crores of daily net assets - 2.25%
  • Next 300 crores of daily net assets - 2%
  • Balance daily net assets - 1.75%
  • Additional charge of a maximum of 30 bps on sales outside top 15 cities

Returns

  2014-2015 (Absolute Returns) 2013-2014 (Absolute Returns) 2012-2013 (Absolute Returns) Compound Annual Growth Rate (Since Inception)
Scheme 27.06% 91.19% -4.15% 19.91%
NIFTY 9.95% 30.28% 10.67% 15.48%
NAV (in Rs.) 54.7 28.61 29.85 -

The scheme has been performing well. To put this into perspective, if Rs. 10,000 had been invested in it when the scheme was first launched, its value today would be Rs. 69,500. If the same had been invested directly in the benchmark then the value would have been 46,489.08 which is clearly lower than the schemes performance.

Expert view of the fund

This is a fund that targets mid cap stocks to provide optimum capital appreciation to those investors who are looking for long term returns and don’t mind the moderately high risk. Even though the scheme is an equity fund a portion of the investment, about 8%, being invested in short term debt. The performance of the fund has exceeded that of its benchmark between 2013 and 2015.

How to apply

To apply for this mutual fund, investors have two choices. The first choice is to invest through a distributor or the ICICI Prudential branch which also is the offline option. In this option investors can approach representatives of this scheme and get help in understanding the scheme in its entirety. They can also get help in understanding how to fill up the application form and submit all the supporting documents.

With the online option, investors can visit the ICICI Prudential website and either create a new account or log into an existing account. Once logged in they will be able to pick this scheme and invest in it via lump sum payments or SIPs. The payments can also be made through cheques, demand drafts, NEFT or RTGS transfers and debit cards. Customers may also get the option to go in for direct debit from their accounts for payments for this investment.

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