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 ₹143.355 ↑ 0.66 (0.46 %) ₹47,846 on 31 Oct 23 25 Jun 07 ☆☆☆ Equity Mid Cap 24 Moderately High 1.69 1.59 0.31 4.96 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential MidCap Fund
Growth
Fund Details ₹214.8 ↑ 0.19 (0.09 %) ₹4,252 on 31 Oct 23 28 Oct 04 ☆☆ Equity Mid Cap 35 Moderately High 2.11 0.35 -1.34 -9.26 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 8.9% 9.5% 28% 36.7% 31% 22.9% 17.6% ICICI Prudential MidCap Fund
Growth
Fund Details 12.6% 9.7% 25.5% 23.3% 25.3% 18.5% 17.4%
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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 2022 2021 2020 2019 2018 HDFC Mid-Cap Opportunities Fund
Growth
Fund Details 12.3% 39.9% 21.7% 0.2% -11.2% ICICI Prudential MidCap Fund
Growth
Fund Details 3.1% 44.8% 19.1% -0.6% -10.8%
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 - 16.36 Yr. ICICI Prudential MidCap Fund
Growth
Fund Details ₹100 ₹5,000 Lalit Kumar - 1.34 Yr.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,261 30 Nov 20 ₹11,924 30 Nov 21 ₹17,137 30 Nov 22 ₹19,923 30 Nov 23 ₹26,658 ICICI Prudential MidCap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,250 30 Nov 20 ₹11,366 30 Nov 21 ₹17,106 30 Nov 22 ₹18,396 30 Nov 23 ₹22,515
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 7.11% Equity 92.89% Equity Sector Allocation
Sector Value Financial Services 25.87% Consumer Cyclical 17.46% Industrials 16.12% Technology 8.76% Health Care 8.56% Basic Materials 8.1% Communication Services 5.05% Energy 1.58% Consumer Defensive 1.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | 5008504% ₹1,801 Cr 46,977,158 Tata Communications Ltd (Communication Services)
Equity, Since 31 Dec 21 | TATACOMM3% ₹1,604 Cr 9,642,272 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | FEDERALBNK3% ₹1,534 Cr 109,039,133
↑ 24,607,622 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 14 | 5002713% ₹1,490 Cr 16,300,222
↑ 3,575,359 Apollo Tyres Ltd (Consumer Cyclical)
Equity, Since 30 Sep 12 | 5008773% ₹1,412 Cr 37,036,484
↑ 2,407,389 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 21 | MAXHEALTH3% ₹1,394 Cr 24,302,305 Coforge Ltd (Technology)
Equity, Since 30 Jun 22 | COFORGE3% ₹1,370 Cr 2,748,521
↑ 552,054 Indian Bank (Financial Services)
Equity, Since 31 Oct 11 | 5328143% ₹1,362 Cr 32,424,097 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 19 | BEL3% ₹1,346 Cr 101,045,146
↓ -5,639,744 Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 07 | 5244943% ₹1,327 Cr 13,486,510
↑ 156,013 ICICI Prudential MidCap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.7% Equity 95.3% Equity Sector Allocation
Sector Value Basic Materials 20.93% Consumer Cyclical 19.8% Industrials 14.54% Health Care 9.9% Real Estate 8.48% Communication Services 7.07% Energy 5.99% Financial Services 3.89% Utility 3.19% Technology 1.46% Top Securities Holdings / Portfolio
Name Holding Value Quantity Lupin Ltd (Healthcare)
Equity, Since 31 Aug 22 | 5002574% ₹170 Cr 1,504,935 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO4% ₹163 Cr 6,593,890 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | BALKRISIND3% ₹142 Cr 555,342 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 5322863% ₹138 Cr 2,179,227 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5323433% ₹137 Cr 858,409 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 5031003% ₹128 Cr 706,691 UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | UNOMINDA3% ₹120 Cr 2,059,384 Dalmia Bharat Ltd (Basic Materials)
Equity, Since 28 Feb 23 | DALBHARAT3% ₹119 Cr 567,537
↑ 59,575 AIA Engineering Ltd (Industrials)
Equity, Since 30 Nov 17 | AIAENG3% ₹115 Cr 326,406 Affle India Ltd (Communication Services)
Equity, Since 31 Oct 22 | AFFLE3% ₹111 Cr 1,056,618
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.