ICICI Prudential MidCap Fund

NAV Date 01-04-2020
Fund Name Category NAV NAV Change 1 year %
ICICI Pru Balanced Advantage Fund(G) Hybrid - Equity Oriented 29.69 0.8800 -16.13
ICICI Pru Bluechip Fund(G) Equity - Large Cap 30.57 1.2200 -27.90
ICICI Pru Equity & Debt Fund(G) Hybrid - Equity Oriented 103.3 2.6600 -23.54
ICICI Pru LT Equity Fund (Tax Saving)(D) Equity - Tax Saving 13.09 0.4000 -31.04
ICICI Pru LT Equity Fund (Tax Saving)(G) Equity - Tax Saving 266.41 8.2200 -30.08
ICICI Pru Midcap Fund(G) Equity - Mid Cap 63.23 1.2800 -34.74
ICICI Pru Multi-Asset Fund(G) Equity - Large Cap 205.65 5.3521 -23.61
ICICI Pru Short Term Fund(G) Debt - Short Term Income 42.17 0.1124 09.12
ICICI Pru Value Discovery Fund(G) Equity - Large Cap 102.51 3.2100 -30.32
ICICI Pru FMCG Fund(G) Equity - FMCG 203.08 6.6700 -15.46
ICICI Pru FMCG Fund(G)-Direct Plan Equity - FMCG 214.27 7.0300 -14.76
ICICI Pru Floating Interest Fund(B) Debt - Ultra Short Term 151.6 0.1746 07.89
ICICI Pru Floating Interest Fund(D) Debt - Ultra Short Term 151.57 0.1746 07.88
ICICI Pru Floating Interest Fund(D)-Direct Plan Debt - Ultra Short Term 155.76 0.1824 08.93
ICICI Pru Floating Interest Fund(DP) Debt - Ultra Short Term 151.57 0.1746 07.88
ICICI Pru Floating Interest Fund(DP)-Direct Plan Debt - Ultra Short Term 155.76 0.1824 08.93
ICICI Pru Floating Interest Fund(G) Debt - Ultra Short Term 300.18 0.3457 07.88
ICICI Pru Floating Interest Fund(G)-Direct Plan Debt - Ultra Short Term 316.34 0.3705 08.69
ICICI Pru Floating Interest Fund-Option A(G) Debt - Ultra Short Term 300.54 0.3463 07.89
ICICI Pru Floating Interest Fund-Option B(G) Debt - Ultra Short Term 324.51 0.3740 07.89
ICICI Pru LT Equity Fund (Tax Saving)(G)-Direct Plan Equity - Tax Saving 285.35 8.8000 -29.58
ICICI Pru Large & Mid Cap Fund(G) Equity - Large Cap 224.64 7.2100 -31.20
ICICI Pru Large & Mid Cap Fund(G)-Direct Plan Equity - Large Cap 240.14 7.7100 -30.66
ICICI Pru Liquid Fund(B)-Direct Plan Debt - Liquid 148.64 0.0391 06.24
ICICI Pru Liquid Fund(D) Debt - Liquid 147.79 0.0379 06.16
ICICI Pru Liquid Fund(D)-Direct Plan Debt - Liquid 148.28 0.0391 06.24
ICICI Pru Liquid Fund(DP)-Direct Plan Debt - Liquid 148.28 0.0391 06.24
ICICI Pru Liquid Fund(G) Debt - Liquid 292.58 0.0378 06.16
ICICI Pru Liquid Fund(G)-Direct Plan Debt - Liquid 293.86 0.0389 06.24
ICICI Pru Liquid Fund-Inst(G) Debt - Liquid 460.73 0.0559 05.80
ICICI Pru Liquid Fund-Inst-1(G) Debt - Liquid 274.64 0.0342 05.91
ICICI Pru Liquid Fund-Ret(G) Debt - Liquid 449.22 0.0545 05.80
ICICI Pru Liquid Fund-Unclaimed Dividend Debt - Liquid 129.39 0.0345 06.29
ICICI Pru Money Market Fund(B)-Direct Plan Debt - Liquid 150.21 0.0816 07.34
ICICI Pru Money Market Fund(D) Debt - Liquid 141.5 0.0789 07.20
ICICI Pru Money Market Fund(D)-Direct Plan Debt - Liquid 142.17 0.0771 07.32
ICICI Pru Money Market Fund(DP)-Direct Plan Debt - Liquid 142.17 0.0771 07.32
ICICI Pru Money Market Fund(G) Debt - Liquid 277.51 0.1547 07.20
ICICI Pru Money Market Fund(G)-Direct Plan Debt - Liquid 279.26 0.1515 07.32
ICICI Pru Money Market-Ret(G) Debt - Liquid 304.74 0.1615 06.84
ICICI Pru Multi-Asset Fund(G)-Direct Plan Equity - Large Cap 218.27 5.6778 -23.12
ICICI Pru Multicap Fund(G) Equity - Multi Cap 199.15 6.8500 -33.07
ICICI Pru Multicap Fund(G)-Direct Plan Equity - Multi Cap 212.16 7.2900 -32.44
ICICI Pru Savings Fund(B) Debt - Ultra Short Term 154.53 0.1438 07.96
ICICI Pru Savings Fund(D) Debt - Ultra Short Term 154.77 0.1439 07.96
ICICI Pru Savings Fund(D)-Direct Plan Debt - Ultra Short Term 156.23 0.1457 08.06
ICICI Pru Savings Fund(DP)-Direct Plan Debt - Ultra Short Term 156.23 0.1457 08.06
ICICI Pru Savings Fund(G)-Direct Plan Debt - Ultra Short Term 390.37 0.3640 08.06
ICICI Pru Savings Fund-Ret(G) Debt - Ultra Short Term 219.53 0.1998 07.17
ICICI Pru Sensex ETF Equity - ETF 302.29 12.7863 -26.29
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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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