July 11, 2022
mayank
ICICI Prudential Nifty Midcap 150 Index Fund Guidance
NAV Growth : Rs 9.3083
NAV IDCW : Rs 9.3080
Suitable For Which Investors ?
“When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy :
The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking errors.
Fund Manager :
— Kayzad Eghlim
Education : Mr. Eghlim is a B.Com (H) and M Com.
Experience : Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.
— Nishit Patel
Education : Mr. Patel is a B.Com & Chartered Accountant
Experience : ICICI Prudential Asset Management Company Limited – ETF Business – November 2018 – January 2020.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | — |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 22-Dec-21 |
| Return Since Launch: | -6.92% |
| Benchmark: | NIFTY Midcap 150 TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 52 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.20% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
| Turnover: | 25.00% |
ICICI Prudential Nifty Midcap 150 Index Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Nifty Midcap 150 Index Fund Direct-G | -9.18 | 0.21 | 3.97 | 0.82 | -10.01 | -10.69 | — | — | — | — | — |
| S&P BSE 150 MidCap TRI | -8.45 | 0.01 | 3.76 | 0.75 | -9.62 | -10.18 | — | — | — | — | — |
| Equity: Mid Cap | -7.61 | 0.11 | 3.88 | 1.57 | -8.62 | -9.3 | — | — | — | — | — |
| Rank within category | 22 | 11 | 15 | 24 | 24 | 22 | — | — | — | — | — |
| Number of funds in category | 30 | 33 | 33 | 33 | 32 | 30 | 28 | 22 | 20 | 19 | 0 |
ICICI Prudential Nifty Midcap 150 Index Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Nifty Midcap 150 Index Fund | Unrated | Dec-21 | — | — | — | 0.20% | 52 |
| Kotak Emerging Equity Fund | 4 star | Jan-13 | 5.37 | 23.04 | 14.41 | 0.48% | 18,259 |
| Axis Midcap Fund | 5 star | Jan-13 | 2.44 | 21.88 | 17.29 | 0.47% | 16,567 |
| Nippon India Growth Fund | 4 star | Jan-13 | 8.23 | 21.59 | 14.01 | 1.22% | 11,268 |
| PGIM India Midcap Opportunities Fund | 5 star | Dec-13 | 10.07 | 34.52 | 18.2 | 0.45% | 5,169 |
Portfolio Analysis
| Number of Stocks | 150 |
| Top 10 Stocks (%) | 18.61 |
| Top 5 Stocks (%) | 11.33 |
| Top 3 Sectors (%) | 35.75 |
| Portfolio P/B Ratio | 2.79 |
| Portfolio P/E Ratio | 24.35 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 29,991 | 27,636 |
| Giant (%) | 4.09 | 4.65 |
| Large (%) | 11.85 | 12.84 |
| Mid (%) | 83.55 | 78.19 |
| Small (%) | 0.51 | 5.84 |
| Tiny (%) | — | 2.16 |
ICICI Prudential Nifty Midcap 150 Index Fund Guidance by Chanakya :
Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.
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