Bigger bang for your buck.
Mutual Funds – it can’t get bigger than this!

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

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.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

GST rate of 18% applicable for all financial services effective July 1, 2017.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.