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 ₹111.187 ↑ 0.60 (0.54 %) ₹36,912 on 30 Apr 23 25 Jun 07 ☆☆☆ Equity Mid Cap 24 Moderately High 1.72 0.47 -0.04 5.05 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential MidCap Fund
Growth
Fund Details ₹170.36 ↑ 0.97 (0.57 %) ₹3,662 on 30 Apr 23 28 Oct 04 ☆☆ Equity Mid Cap 35 Moderately High 2.19 -0.1 -0.47 -3.67 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 6% 10.4% 5.8% 26.1% 35.2% 14.5% 16.3% ICICI Prudential MidCap Fund
Growth
Fund Details 3.2% 6.2% -1.9% 12% 31.1% 11.6% 16.5%
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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 - 15.86 Yr. ICICI Prudential MidCap Fund
Growth
Fund Details ₹100 ₹5,000 Lalit Kumar - 0.83 Yr.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹9,676 31 May 20 ₹7,527 31 May 21 ₹13,939 31 May 22 ₹15,304 31 May 23 ₹19,293 ICICI Prudential MidCap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹9,770 31 May 20 ₹7,147 31 May 21 ₹13,931 31 May 22 ₹15,140 31 May 23 ₹16,958
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 6.56% Equity 93.44% Equity Sector Allocation
Sector Value Financial Services 22.22% Consumer Cyclical 20.46% Industrials 17.6% Basic Materials 10.2% Technology 8.12% Health Care 7.39% Communication Services 4.6% Consumer Defensive 1.59% Energy 1.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | INDHOTEL5% ₹1,763 Cr 51,984,477 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 21 | HAL4% ₹1,421 Cr 4,864,804 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 15 | CHOLAFIN3% ₹1,253 Cr 14,383,961
↓ -2,310,108 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 21 | MAXHEALTH3% ₹1,235 Cr 26,839,305 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 19 | BEL3% ₹1,232 Cr 119,297,336
↓ -1,008,084 Apollo Tyres Ltd (Consumer Cyclical)
Equity, Since 30 Sep 12 | APOLLOTYRE3% ₹1,184 Cr 34,129,095 Sundaram Fasteners Ltd (Consumer Cyclical)
Equity, Since 30 Nov 11 | SUNDRMFAST3% ₹1,152 Cr 11,010,204
↓ -350,000 Tata Communications Ltd (Communication Services)
Equity, Since 31 Dec 21 | TATACOMM3% ₹1,129 Cr 8,894,583 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND3% ₹1,021 Cr 4,897,599 Indian Bank (Financial Services)
Equity, Since 31 Oct 11 | INDIANB3% ₹996 Cr 30,892,127 ICICI Prudential MidCap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.25% Equity 94.75% Equity Sector Allocation
Sector Value Basic Materials 29.44% Consumer Cyclical 19.3% Communication Services 11.33% Industrials 9.5% Health Care 7.04% Financial Services 5.01% Energy 4.52% Real Estate 3.87% Utility 2.45% Consumer Defensive 2.17% Technology 0.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity Hindustan Petroleum Corp Ltd Shs Dematerialised (Energy)
Equity, Since 31 Aug 22 | HINDPETRO5% ₹166 Cr 6,593,890
↑ 371,000 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | BALKRISIND4% ₹141 Cr 675,342 Jindal Steel & Power Ltd Shs Dematerialised (Basic Materials)
Equity, Since 31 Jan 22 | JINDALSTEL3% ₹128 Cr 2,196,227 PVR INOX Ltd Shs Dematerialised (Communication Services)
Equity, Since 31 Aug 22 | PVRINOX3% ₹120 Cr 818,954 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jul 17 | MFSL3% ₹117 Cr 1,832,979
↓ -1,896 Steel Authority Of India Ltd (Basic Materials)
Equity, Since 31 Aug 22 | SAIL3% ₹117 Cr 14,109,044 UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | UNOMINDA3% ₹107 Cr 2,059,384 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | PHOENIXLTD3% ₹102 Cr 706,691 Container Corporation of India Ltd (Industrials)
Equity, Since 31 Oct 21 | CONCOR3% ₹100 Cr 1,631,798 Lupin Ltd (Healthcare)
Equity, Since 31 Aug 22 | LUPIN3% ₹95 Cr 1,333,935
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.