|Fund Type||Open Ended|
|Benchmark||NIFTY Midcap 150|
|Asset Size(Cr)||1474.56 (As on Oct 31, 2018)|
|Fund Manager||Mrinal Singh , Mittul Kalawadia , Priyanka Khandelwal|
|Notes||ICICI Prudential Emerging S.T.A.R. (Stocks Targetted at Returns) Fund has been renamed as ICICI Prudential MidCap Fund w.e.f. September 12, 2011|
|Min SIP Investment||1000|
|Min Addl Investment||1000|
|Exit Load||1 % For 365 days|
|Period||Returns(%)||Benchmark Returns (%)|
- Returns for less than one year are Absolute, and those for more than one year are Annualised (CAGR).
- All the returns are calculated as against the performance of Nifty Free Float Midcap 100.
- The benchmark for the funds falling in small- and mid-cap category is Nifty Free Float Midcap 100.
|Sector||Value(In Cr)||Allocation (%)|
|Fund Name||Ratings||1 Yr Rtn.||3 Yr Rtn.||5 Yr Rtn.|
|L&T Midcap Fund (G)||-11.4%||12.82%||24.73%|
|DSP Midcap Fund (G)||-9.51%||11.01%||21.1%|
|Kotak Emerging Equity Scheme (G)||-11.2%||10.99%||23.23%|
|HDFC Mid-Cap Opportunities Fund (G)||-10.42%||10.96%||21.2%|
|Axis Mid Cap Fund (G)||2.17%||10.94%||20.15%|
|Period||Returns (%)||NIFTY MIDCAP 50 (%)|
|No. of Investment||Amount Invested||Investment Value As on date||Units Purchased||CAGR|
| No. of Investment
|| Amount Invested
|| Investment Value As on date
|| Units Purchased || CAGR
The graph depicts the wealth generated or the historical returns offered by the SIP investments made in the selected time horizon.
|Total Amount Invested||Investment Value As on Date||Total Units Purchased||Abs. Return|
| Total Amount Invested
|| Investment Value As on Date
|| Total Units Purchased || Abs. Return
The graph depicts the wealth generated or the historical returns offered by the lump sum investments made in the selected time horizon.
|Sector||Value(In Cr)||Allocation (%)|
|Holdings||Instrument||Industry||Rating||Market Value||% to NAV|
|HindalcoIndustriesLtd||Equity||NON - FERROUS METALS||-||436.596||2.8741|
|BharatElectronicsLtd||Equity||INDUSTRIAL CAPITAL GOODS||-||309.938||2.0403|
|INOXLeisureLtd||Equity||MEDIA AND ENTERTAINMENT||-||140.076||0.9221|
|ManpasandBeveragesLtd||Equity||CONSUMER NON DURABLES||-||136.64||0.8995|
|CBLO||Cash - Collateral||-||-||1162.644||7.6535|
ICICI Prudential Mid Cap Fund invests in diversified mid-cap stocks to produce capital appreciation over long-term horizon. Mittul Kalawadia and Mrinal Singh are the fund managers who handle the portfolio of ICICI Prudential Mid Cap Fund. Established on 28th Oct 2004, the scheme has maintained an annualised rate of returns at 17.01%. Approximately 69.23% of the stocks are invested in mid-cap funds and the remaining in the small-cap and large-cap funds. The assets under management are Rs 1,452 crore as on 30th Sept 2018. ICICI Prudential Mid Cap Funds works under ICICI Mutual Fund.
Following a mix of growth and value investment style, the fund invests dominantly in mid-cap companies. The fund has 18.88% exposure in small-cap companies which are higher than other funds of the mid-cap category as they have only 9.02% exposure.
The 5 top sectors in the portfolio are Chemicals (13.66%), Engineering (12.29%), Services (12.13%), Financial(10.48%), and healthcare (8.25%). As compared to the index, the fund is underweighted while investing in the financial sector. The top five holdings of the fund include companies such as Indian Hotels, Tata Chemicals, Exide Industries, L&T Infotech, and PI Industries. ICICI Prudential Mid Cap Fund maintains healthy positioning of investment of stocks in the portfolio.
Considering 3-years’ returns of ICICI Prudential Mid Cap Fund, it has a beta coefficient of 0.82 which shows that the fund is less volatile than the market. With Sharpe ratio of 0.42, it shows better reward per units of risk than the category.
It has a standard deviation of 16.39 which is less than category’s average of 17.86 and index of 18.15. The downside capture ratio of 86 shows that the fund has managed the losses below the benchmark during the market corrections. Further, the upside capture ratio of ICICI Prudential Mid Cap Fund is 82. These all scores show that the fund has a better risk-return profile as compared to the category’s average.
The investors with high to moderate risk-appetite can invest in ICICI Prudential Mid Cap Fund for wealth creation in the long-term horizon of 3-years and more. Although in the recent time, the fund is not performing well, there is a possibility that with the market lifts, it will start performing well again.
As it is a mid-cap fund, the category risk is high. To get risk-adjusted returns, it is better to stay invested for 5-10 years’ period. Considering the 3, 5, 7, and 10-years’ returns, the fund has generated trailing returns at 9.43%, 23.42%, 17.60%, and 20.32%, respectively. ICICI Prudential Mid Cap Fund has been ranked 3rd when we compare the returns from other funds in the category with ICICI Prudential Fund for 5-years time horizon. If someone had invested Rs 31.08 on 30th Oct 2013, then he would get Rs 90.42 on 31st Oct 2018 by investing for 5-years.
Henceforth, now you are well aware of the fund’s performance, risk measure and portfolio construction. Adding ICICI Prudential Mid Cap Fund to your portfolio is expected to generate higher growth in a long-term horizon.
You can also get information about the top recommended and top performing mutual funds available at the site. The online SIP investing services offered at our platform along with effective tools including SIP calculator would help you in making your investment in ICICI Prudential Mid Cap Fund simplified.
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