ICICI Prudential MidCap Fund

NAV Date 09-12-2019
Fund Name Category NAV NAV Change 1 year %
ICICI Pru Balanced Advantage Fund(G) Hybrid - Equity Oriented 37.53 0.0100 11.40
ICICI Pru Bluechip Fund(G) Equity - Large Cap 43.5 0.0200 10.72
ICICI Pru Equity & Debt Fund(G) Hybrid - Equity Oriented 136.46 0.1700 09.95
ICICI Pru LT Equity Fund (Tax Saving)(D) Equity - Tax Saving 20.23 0.0100 08.31
ICICI Pru Midcap Fund(G) Equity - Mid Cap 93.11 0.1800 02.25
ICICI Pru Multi-Asset Fund(G) Equity - Large Cap 269.85 0.5508 08.78
ICICI Pru Savings Fund(G) Debt - Liquid 380.13 0.0641 08.90
ICICI Pru Short Term Fund(G) Debt - Short Term Income 41.1 0.0005 09.71
ICICI Pru Value Discovery Fund(G) Equity - Large Cap 139.7 0.2400 02.52
ICICI Pru Child Care Fund-Gift Plan Hybrid - Equity Oriented 142.74 0.0200 08.78
ICICI Pru Child Care Fund-Gift Plan-Direct Plan Hybrid - Equity Oriented 150.75 0.0100 09.70
ICICI Pru Equity & Debt Fund(G)-Direct Plan Hybrid - Equity Oriented 146.79 0.1900 10.70
ICICI Pru FMCG Fund(G) Equity - FMCG 247.09 1.1000 08.18
ICICI Pru FMCG Fund(G)-Direct Plan Equity - FMCG 260.27 1.1400 09.31
ICICI Pru Floating Interest Fund(B) Debt - Ultra Short Term 148.66 0.0049 08.56
ICICI Pru Floating Interest Fund(D) Debt - Ultra Short Term 148.61 0.0048 08.52
ICICI Pru Floating Interest Fund(D)-Direct Plan Debt - Ultra Short Term 152.37 0.0043 09.73
ICICI Pru Floating Interest Fund(DP) Debt - Ultra Short Term 148.61 0.0048 08.52
ICICI Pru Floating Interest Fund(DP)-Direct Plan Debt - Ultra Short Term 152.37 0.0043 09.73
ICICI Pru Floating Interest Fund(G) Debt - Ultra Short Term 294.32 0.0095 08.52
ICICI Pru Floating Interest Fund(G)-Direct Plan Debt - Ultra Short Term 309.46 0.0088 09.37
ICICI Pru Floating Interest Fund-Option A(G) Debt - Ultra Short Term 294.66 0.0093 08.53
ICICI Pru Floating Interest Fund-Option B(G) Debt - Ultra Short Term 318.16 0.0100 08.53
ICICI Pru LT Equity Fund (Tax Saving)(G)-Direct Plan Equity - Tax Saving 407.04 0.2700 10.81
ICICI Pru Large & Mid Cap Fund(G) Equity - Large Cap 324.62 0.8300 07.24
ICICI Pru Large & Mid Cap Fund(G)-Direct Plan Equity - Large Cap 346.23 0.8600 08.18
ICICI Pru Liquid Fund(B)-Direct Plan Debt - Liquid 146.03 0.0239 06.81
ICICI Pru Liquid Fund(D) Debt - Liquid 145.24 0.0235 06.74
ICICI Pru Liquid Fund(D)-Direct Plan Debt - Liquid 145.68 0.0239 06.81
ICICI Pru Liquid Fund(DP)-Direct Plan Debt - Liquid 145.68 0.0239 06.81
ICICI Pru Liquid Fund(G) Debt - Liquid 287.53 0.0465 06.74
ICICI Pru Liquid Fund(G)-Direct Plan Debt - Liquid 288.71 0.0472 06.81
ICICI Pru Liquid Fund-Inst(G) Debt - Liquid 453.24 0.0691 06.35
ICICI Pru Liquid Fund-Inst-1(G) Debt - Liquid 270.08 0.0420 06.45
ICICI Pru Liquid Fund-Ret(G) Debt - Liquid 441.92 0.0674 06.35
ICICI Pru Money Market Fund(B)-Direct Plan Debt - Liquid 147.5 0.0700 08.26
ICICI Pru Money Market Fund(G) Debt - Liquid 272.62 0.1263 08.12
ICICI Pru Money Market Fund(G)-Direct Plan Debt - Liquid 274.25 0.1297 08.25
ICICI Pru Money Market-Ret(G) Debt - Liquid 299.68 0.1306 07.76
ICICI Pru Multi-Asset Fund(G)-Direct Plan Equity - Large Cap 285.81 0.5689 09.59
ICICI Pru Multicap Fund(G) Equity - Multi Cap 291.53 0.3000 07.12
ICICI Pru Multicap Fund(G)-Direct Plan Equity - Multi Cap 309.69 0.2900 08.16
ICICI Pru Savings Fund(B) Debt - Ultra Short Term 151.65 0.0255 08.90
ICICI Pru Savings Fund(D) Debt - Ultra Short Term 151.89 0.0256 08.90
ICICI Pru Savings Fund(D)-Direct Plan Debt - Ultra Short Term 153.27 0.0270 09.03
ICICI Pru Savings Fund(DP)-Direct Plan Debt - Ultra Short Term 153.27 0.0270 09.03
ICICI Pru Savings Fund(G)-Direct Plan Debt - Ultra Short Term 382.99 0.0674 09.03
ICICI Pru Savings Fund-Ret(G) Debt - Ultra Short Term 215.92 0.0235 08.11
ICICI Pru Sensex ETF Equity - ETF 430.94 0.4483 14.66
ICICI Pru Value Discovery Fund(G)-Direct Plan Equity - Multi Cap 148.94 0.2500 03.17
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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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