ICICI Prudential MidCap Fund

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

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

Risk measures

Performance

Returns

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.