Fincash » HDFC Mid-Cap Opportunities Fund Vs ICICI Prudential MidCap Fund
Table of Contents
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’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’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.
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.
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 Basics NAV 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 ₹159.364 ↓ -0.61 (-0.38 %) ₹60,187 on 29 Feb 24 25 Jun 07 ☆☆☆ Equity Mid Cap 24 Moderately High 1.69 3.54 0.49 6.33 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential MidCap Fund
Growth
Fund Details ₹245.62 ↑ 0.66 (0.27 %) ₹5,484 on 29 Feb 24 28 Oct 04 ☆☆ Equity Mid Cap 35 Moderately High 2.11 2.54 -0.75 -4.92 Not Available 0-1 Years (1%),1 Years and above(NIL)
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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch HDFC Mid-Cap Opportunities Fund
Growth
Fund Details 4.5% 5.4% 20.4% 56.1% 29.6% 23.4% 17.9% ICICI Prudential MidCap Fund
Growth
Fund Details 6.1% 6.7% 25.9% 52.9% 25% 20.4% 17.9%
Talk to our investment specialist
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 Performance 2023 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%
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 Details Min SIP Investment Min Investment Fund Manager HDFC Mid-Cap Opportunities Fund
Growth
Fund Details ₹300 ₹5,000 Chirag Setalvad - 16.78 Yr. ICICI Prudential MidCap Fund
Growth
Fund Details ₹100 ₹5,000 Lalit Kumar - 1.75 Yr.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,933 31 Mar 21 ₹13,042 31 Mar 22 ₹16,130 31 Mar 23 ₹17,722 31 Mar 24 ₹27,862 ICICI Prudential MidCap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,682 31 Mar 21 ₹13,158 31 Mar 22 ₹16,419 31 Mar 23 ₹16,309 31 Mar 24 ₹24,894
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 6.8% Equity 93.2% Equity Sector Allocation
Sector Value Financial Services 23.89% Consumer Cyclical 16.56% Industrials 14.15% Technology 11.24% Health Care 10.45% Basic Materials 8.84% Communication Services 4.33% Energy 2.77% Consumer Defensive 0.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | 5008505% ₹2,730 Cr 46,539,672
↓ -437,486 Apollo Tyres Ltd (Consumer Cyclical)
Equity, Since 30 Sep 12 | 5008774% ₹2,172 Cr 41,892,187 Tata Communications Ltd (Communication Services)
Equity, Since 31 Dec 21 | TATACOMM3% ₹1,941 Cr 10,094,194 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 14 | 5002713% ₹1,879 Cr 19,373,686
↑ 590,720 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | FEDERALBNK3% ₹1,860 Cr 123,641,292
↑ 150,000 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 21 | MAXHEALTH3% ₹1,805 Cr 22,757,305
↓ -1,545,000 Coforge Ltd (Technology)
Equity, Since 30 Jun 22 | COFORGE3% ₹1,801 Cr 2,748,521 Indian Bank (Financial Services)
Equity, Since 31 Oct 11 | 5328143% ₹1,787 Cr 34,029,890 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 21 | HINDPETRO3% ₹1,670 Cr 32,776,255 Persistent Systems Ltd (Technology)
Equity, Since 31 Dec 12 | PERSISTENT3% ₹1,579 Cr 1,830,000 ICICI Prudential MidCap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 8.06% Equity 91.94% Equity Sector Allocation
Sector Value Basic Materials 21.01% Industrials 16.67% Consumer Cyclical 14.33% Health Care 11.5% Real Estate 10.83% Energy 5.43% Communication Services 4.96% Financial Services 3.32% Utility 2.96% Technology 0.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO4% ₹228 Cr 4,469,276
↓ -197,597 Lupin Ltd (Healthcare)
Equity, Since 31 Aug 22 | 5002574% ₹227 Cr 1,400,000 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 5031004% ₹195 Cr 706,691 Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Aug 22 | JSL3% ₹172 Cr 2,688,476 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 5322863% ₹169 Cr 2,179,227 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5323433% ₹150 Cr 699,955 ACC Ltd (Basic Materials)
Equity, Since 31 Aug 22 | 5004103% ₹146 Cr 557,062 AIA Engineering Ltd (Industrials)
Equity, Since 30 Nov 17 | AIAENG2% ₹133 Cr 364,667 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 30 Sep 22 | APLAPOLLO2% ₹133 Cr 857,934
↑ 189,772 Godrej Properties Ltd (Real Estate)
Equity, Since 30 Sep 22 | GODREJPROP2% ₹124 Cr 517,459
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.