ICICI Prudential Midcap Fund - Growth

NAV 248.70(-2.51%)
Feb 14, 2025
ICICI Prudential Midcap Fund - Growth
AUM
₹5,975 Cr
Expense (%)
1.91
Turnover (%)
66.00
Benchmark
Nifty Midcap 150 - TRI
Asset Quality
Mid, Green
Differs from benchmark (%)
70.84

Decision Maker

1. Right Fund

Performance
Quality

2. Right Time

Benchmark
Debt Fund
8%
Likely Future 5 Year CAGR.

3. Right Allocation

Will this Fund help diversify your portfolio?

3Yr Rolling Returns(%)

Benchmark# : Nifty Midcap 150

Performance Summary - 10 Year X-Ray

Dec' 15Dec' 16Dec' 17Dec' 18Dec' 19Dec' 20Dec' 21Dec' 22Dec' 23Dec' 24YTD
NAV(₹)
71.2674.70106.7595.2494.66112.75163.28168.36223.50283.90248.70
AUM(Cr.)
1303.351076.761519.101576.691875.072155.183250.373666.475115.486339.075975.14
Benchmark# BM# Returns(%)
-----0.2824.3846.812.9743.6823.80-13.22
Fund Returns(%)
5.094.8342.90-10.78-0.6119.1144.823.1132.7527.02-12.40
Implied  Investor Returns(%) IR(%)
4.183.5644.03-8.980.2916.8646.064.0333.5127.19-50.15
Alpha(%)  (Returns over Benchmark)
-----0.33-5.27-1.990.14-10.933.220.82
Expense Ratio(%)
1.752.422.462.462.292.202.172.091.921.881.91

CAGR

9 Year5 Year3 Year1 Year
Benchmark# BM# Returns(%)
-24.4120.2610.99
Fund Returns(%)
17.1722.2117.9313.34
Implied  Investor Returns(%) IR
18.9524.3422.2313.88
                                                                                                                                                            Benchmark# is Nifty Midcap 150

ICICI Prudential Midcap Fund Review : 15 Feb 2025

ICICI Prudential Midcap Fund is a Equity - Mid Cap Fund with an 5,975(Cr) AUM. It is Open Ended scheme launched on 28 Oct 2004. Currently, Lalit Kumar as the manager managing the fund. Benchmark of the scheme is Nifty Midcap 150 - TRI.

1. How has the ICICI Prudential Midcap Fund Performed in the past? 19

  • On a 3-year rolling returns basis It has not outperformed the Benchmark consistently..
  • The fund has delivered a 3, 5 and 9 year average rolling returns of 18.23%, 16.97%, and 15.45% with a standard deviation of 10.93%, 7.27%, and 4.44% respectively.
  • It has demonstrated CAGR of 17.93%, 22.21%, and 17.17% over 3, 5 and 9 years.
  • The Average 3, 5 and 9 year rolling Alpha is 0.78%, 1.99%, and 2.22%.
  • For last 5 years, Investors have earned close to or more returns than the Fund. This may indicate that they were aligned to the investing process followed by the fund.

2. How is the Quality of ICICI Prudential Midcap Fund? Q

Fund's Portfolio Quality is Very Good. It has a large proportion of Green Stocks.
  • Portfolio Composition

    The fund is 99% in equity and hold 88 number of stocks. The Top 3 stocks are Jindal Stainless, Muthoot Finance and Info Edge and account for 12% of its portfolio. Top 5 and 10 stocks of fund account for 18% and 32% of fund’s portfolio respectively. Top three sectors of funds are Construction & Infrastructure, Auto and Metals & Mining accounting for 43% of the total portfolio.
  • 3. Should you SIP in ICICI Prudential Midcap Fund? 19 Q

    • You should look for a fund with better more consistent performance track record.
    • Fund's returns are more likely to be different than its benchmark Nifty Midcap 150 returns, as Fund’s portfolio is significantly different.
    • You need to look at the other funds in your portfolio and ensure this fund helps diversify your portfolio meaningfully.
    • Before investing a large lumpsum amount in a fund you need to assess its Upside Potential. You can contact us for advice.

    4. What are the Risks in the ICICI Prudential Midcap Fund?

    • ICICI Prudential Midcap Fund is likely to perform reasonably well in both a rising and falling markets.
    • The Fund has fallen harder, but not recovered faster than its Benchmark.

    Underlying Asset Quality & Valuation

    Underlying Asset Quality Valuation(%)
    Underlying Asset Valuation (%)

    Peer Comparison on returns

    Upside and Downside Capture Ratio

    1 Year3 Year5 Year9 Year
    Upside %
    979094-
    Downside %
    505135-

    Statistical Measure*

    Mean Std Dev Sharpe Sortino Beta Alpha
    Fund
    0.03%0.880.010.021.030.82%
    Benchmark#
    0.05%1.190.020.031.03-
    *Based on daily returns for past 1 year.

    Mean and Standard Deviation

    Average Rolling Return Standard Deviation
    1 Year 3 Year5 Year9 Year1 Year3 Year5 Year9 Year
    Fund
    20.2918.2316.9715.4528.1110.937.274.44
    Benchmark#
    21.8117.4514.9713.2127.9411.296.844.15
    Drawdown and Recovery Period

    No Data Found

    Top 10 Holdings

    Company (Q)Sector% Assets
    IT4.82
    BFSI3.58
    Metals & Mining3.34
    Construction & Infrastructure3.18
    Chemicals3.17
    Metals & Mining3.02
    IT2.84
    Metals & Mining2.82
    Telecom2.8
    Construction & Infrastructure2.69

    Fund Overview ICICI Prudential Midcap Fund - Growth

    Launch Date
    28 Oct 2004
    Benchmark
    Nifty Midcap 150 - TRI
    Performance comparison Benchmark#
    Nifty Midcap 150
    Riskometer
    Very High
    Turnover
    66%
    Type
    Open ended scheme
    Return Since Launch
    17.84%
    Min. Investment
    5000.00
    Min. Additional investment Min. Add. inv.
    1000.00
    Min. SIP
    100.00
    Min. Cheques
    6
    Min. Withdrawal
    500.00
    Exit Load
    1.00%
    Remark
    1% on or before 1Y, Nil after 1Y
    PortfolioCompare

    FAQ : ICICI Prudential Midcap Fund - Growth

    ICICI Prudential Midcap Fund - Growth has delivered CAGR and average rolling returns as follows :

    1 Year 3 Year 5 Year 9 Year
    CAGR(%) 13.34 17.93 22.21 17.17
    Average Rolling Returns(%) 20.29 18.23 16.97 15.45

    The Current NAV of ICICI Prudential Midcap Fund - Growth is ₹248.70.

    You should look for a fund with better more consistent performance track record. Funds returns are more likely to be different than its benchmark Nifty Midcap 150 returns, as Funds portfolio is significantly different.

    ICICI Prudential Midcap Fund - Growth fund’s expense ratio is 1.91%

    The process for redemption is

    • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
    • You will get information about the redemption and the NAV at which redeemed.
    • The amount will be deposited in the designated bank account.

    The AUM of ICICI Prudential Midcap Fund - Growth is currently ₹5,975 Crores.

    The Top three stocks are Info Edge, Muthoot Finance and Jindal Stainless and account for 12% of its portfolio. Top 5 and 10 stocks of fund account for 18% and 32% of fund’s portfolio respectively.

    Top three sectors of ICICI Prudential Midcap Fund - Growth fund are Construction & Infrastructure, Auto and Metals & Mining accounting for 43% of the total portfolio.

    Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Equity - Mid Cap Fund it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

    The category of ICICI Prudential Midcap Fund - Growth Fund is Equity - Mid Cap Fund.

    Lalit Kumar manages the ICICI Prudential Midcap Fund - Growth Fund.

    ICICI Prudential Midcap Fund - Growth current PE ratio is 53.23 and PB ratio is 7.26

    The asset allocation of ICICI Prudential Midcap Fund - Growth is Stocks : 99.24%, Debt : 0.70% and Gold : 0%

    The minimum SIP amount for ICICI Prudential Midcap Fund - Growth is ₹100.00 and minimum lumpsum is ₹5000.00

    The exit load for ICICI Prudential Midcap Fund - Growth is 1% on or before 1 year, Nil after 1 year

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