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Fincash » HDFC Mid-Cap Opportunities Fund Vs ICICI Prudential MidCap Fund

HDFC Mid-Cap Opportunities Fund Vs ICICI Prudential MidCap Fund

Updated on July 14, 2024 , 3499 views

HDFC mid-cap Opportunities Fund Vs ICICI Prudential MidCap Fund both belong to the mid cap category of Equity Funds. These schemes invest their accumulated fund money in equity and equity-related instruments of companies having a Market capitalization between INR 500 – INR 10,000 Crores. Mid cap stocks are defined as stocks whose market capitalization is between 101st to 250th in terms of full market capitalization. Though both the schemes belong to the same category yet; there are differences with respect to their performance, AUM, NAV, and many other related factors. So, for better investment decision, let us understand the differences between HDFC Mid-Cap Opportunities Fund and ICICI Prudential MidCap Fund through this article.

HDFC Mid-Cap Opportunities Fund

HDFC Mid-cap Opportunities Fund’s is to achieve Capital growth in the long-term from a Portfolio that predominantly consists of equity and equity-related instruments. These instruments generally belong to mid and small cap sectors. The scheme uses Nifty Midcap 100 Index and NIFTY 50 Index as its benchmark to construct its portfolio. This scheme is suitable for individuals seeking capital appreciation over long-term by predominantly Investing in shares of small and mid-sized companies. As per the Asset Allocation objective of the scheme, it invests around 75-100% of its corpus in mid and small-cap companies while the remaining in fixed Income and money market securities.

As on March 31, 2018, some of the constituents of HDFC Mid-cap opportunities Fund included MRF Limited, Apollo Tyres Limited, Exide Industries Limited, and City Union Bank Limited.

ICICI Prudential MidCap Fund

ICICI Prudential MidCap Fund’s investment objective is to generate capital appreciation from an active portfolio that primarily consists of midcap stocks. Some of the key benefits of this scheme are it helps individuals to take the advantage of mid-cap stocks that have potentials of higher capital appreciation. Additionally, the scheme also complements a portfolio that is primarily focused on large-cap stocks. The scheme uses NIFTY Midcap 150 TRI as its primary benchmark to construct its portfolio.

Some of the top holdings of ICICI Prudential MidCap Fund as on June 30th, 2018, include Indian Hotels Co Ltd, Exide Industries Ltd, Net Current Assets, Tata Chemicals Ltd, Thomas Cook India Ltd, etc.

HDFC Mid-Cap Opportunities Fund Vs ICICI Prudential MidCap Fund

The parameters or elements that are used to compare both the scheme are divided into four categories, namely, basic section, performance section, yearly performance section, and other details section. So, let us have a look at each of these parameters and see how the funds stand against each other.

Basics Section

The elements compared in this section include Category of Scheme, AUM, Fincash Rating, Current NAV, and much more. To begin with the scheme’s category, we can see that both the schemes belong to the same category, that is, Equity Mid Cap.

As per Fincash Rating, it can be said that ICICI Prudential MidCap Fund has a 2-Star Rating, while HDFC Mid-Cap Opportunities Fund has 3-Star Rating.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹185.891 ↑ 0.18   (0.09 %)
₹65,394 on 31 May 24
25 Jun 07
Equity
Mid Cap
24
Moderately High
1.69
3.26
0.36
5.44
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential MidCap Fund
Growth
Fund Details
₹291.78 ↑ 1.04   (0.36 %)
₹6,063 on 31 May 24
28 Oct 04
Equity
Mid Cap
35
Moderately High
2.11
2.87
-0.52
2.71
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

As the name mentions, this scheme compares the CAGR performance of both the schemes at various time frames. Some of the timeframes for which the performance is compared are 1 Month, 3 Months, 1 Year, 5 Years, and Since Inception. When we look at the performance of both the schemes in almost all the time periods they have performed quite close. The table given below tabulates the performance of both the schemes at different timeframes.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
3.6%
16.6%
23%
53.1%
29.7%
28.7%
18.7%
ICICI Prudential MidCap Fund
Growth
Fund Details
1.8%
18.8%
26.7%
60.7%
24.1%
25.6%
18.7%

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Yearly Performance

This category gives the absolute performance of both the schemes on a yearly Basis. If we look at the yearly bases performance, HDFC Mid-Cap Opportunities Fund has performed better in many instance as compared to ICICI Prudential MidCap Fund. The yearly performance of both the schemes is tabulated as follows.

Parameters
Yearly Performance2023
2022
2021
2020
2019
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
44.5%
12.3%
39.9%
21.7%
0.2%
ICICI Prudential MidCap Fund
Growth
Fund Details
32.8%
3.1%
44.8%
19.1%
-0.6%

Other Details Section

This section is the last section in case of comparison between both the schemes. Some of the comparison elements that form part of this section include Minimum SIP Investment and Minimum Lumpsum Investment. The minimum monthly SIP investment of ICICI Prudential MidCap Fund is INR 1,000, whereas for HDFC Mid-Cap Opportunities Fund is INR 500. The minimum lump sum amount for ICICI Pru MidCap Fund is INR 5,000 and for HDFC Mid-Cap Opportunities Fund is INR 1,000.

The table given below summarizes the elements of other details section.

Mittul Kalawadia and Mrinal Singh are the joint fund managers of ICICI Prudential MidCap Fund.

Chirag Setalvad is the current fund manager of HDFC Mid-Cap Opportunities Fund.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹300
₹5,000
Chirag Setalvad - 16.95 Yr.
ICICI Prudential MidCap Fund
Growth
Fund Details
₹100
₹5,000
Lalit Kumar - 1.92 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
DateValue
30 Jun 19₹10,000
30 Jun 20₹8,780
30 Jun 21₹15,210
30 Jun 22₹15,383
30 Jun 23₹21,910
30 Jun 24₹33,052
Growth of 10,000 investment over the years.
ICICI Prudential MidCap Fund
Growth
Fund Details
DateValue
30 Jun 19₹10,000
30 Jun 20₹8,224
30 Jun 21₹15,361
30 Jun 22₹15,276
30 Jun 23₹18,606
30 Jun 24₹30,079

Detailed Portfolio Comparison

Asset Allocation
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash6.74%
Equity93.26%
Equity Sector Allocation
SectorValue
Financial Services24.23%
Consumer Cyclical16.86%
Industrials13.62%
Health Care11.68%
Technology9.85%
Basic Materials8.78%
Communication Services3.89%
Energy2.73%
Consumer Defensive1.44%
Utility0.17%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | 500850
4%₹2,594 Cr46,539,672
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 14 | 500271
3%₹2,046 Cr22,282,055
↑ 1,510,337
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | FEDERALBNK
3%₹2,004 Cr123,641,292
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND
3%₹1,975 Cr6,474,446
↑ 1,361,450
Apollo Tyres Ltd (Consumer Cyclical)
Equity, Since 30 Sep 12 | 500877
3%₹1,942 Cr41,892,187
Indian Bank (Financial Services)
Equity, Since 31 Oct 11 | 532814
3%₹1,931 Cr34,029,890
Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 07 | 524494
3%₹1,808 Cr15,693,416
↑ 800,469
Tata Communications Ltd (Communication Services)
Equity, Since 31 Dec 21 | TATACOMM
3%₹1,795 Cr10,094,194
Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 21 | HINDPETRO
3%₹1,782 Cr33,168,177
↑ 91,922
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 21 | MAXHEALTH
3%₹1,711 Cr22,757,305
Asset Allocation
ICICI Prudential MidCap Fund
Growth
Fund Details
Asset ClassValue
Cash2.75%
Equity97.25%
Equity Sector Allocation
SectorValue
Basic Materials22.72%
Industrials19.35%
Consumer Cyclical13.64%
Real Estate12.2%
Health Care7.32%
Financial Services7.3%
Communication Services7.19%
Energy4.45%
Utility2.45%
Technology0.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Aug 22 | JSL
4%₹229 Cr2,888,476
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 532286
4%₹224 Cr2,179,227
Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO
4%₹216 Cr4,017,217
↓ -165,859
Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 503100
3%₹205 Cr661,491
Prestige Estates Projects Ltd (Real Estate)
Equity, Since 30 Jun 23 | PRESTIGE
3%₹171 Cr1,068,018
Oberoi Realty Ltd (Real Estate)
Equity, Since 31 May 23 | OBEROIRLTY
3%₹164 Cr899,376
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | BALKRISIND
3%₹158 Cr517,803
Cummins India Ltd (Industrials)
Equity, Since 31 Oct 22 | 500480
3%₹158 Cr444,068
Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 May 23 | 500493
2%₹148 Cr954,049
Godrej Properties Ltd (Real Estate)
Equity, Since 30 Sep 22 | GODREJPROP
2%₹144 Cr517,459

Thus, from the above elements, it can be said that both the schemes differ on account of various parameters. However, it is always advised to individuals to understand a scheme’s modalities completely before investing. They should check if the fund’s objective is in-line with theirs. They should also check various parameters such as returns, Underlying asset portfolio, fund manager managing the scheme and much more. Additionally, they can take help of a financial advisor, if required. Through this individual can ensure that their money is safe and their objectives are met timely.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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