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Fincash » ICICI Prudential MidCap Fund Vs Aditya Birla Sun Life Midcap Fund

ICICI Prudential MidCap Fund Vs Aditya Birla Sun Life Midcap Fund

Updated on July 14, 2019 , 49 views

ICICI Prudential MidCap Fund Vs Aditya Birla Sun Life 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 ICICI Prudential MidCap Fund Vs Aditya Birla Sun Life Midcap Fund through this article.

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

Aditya Birla Sun Life Midcap Fund

Aditya Birla Sun Life (ABSL) Midcap Fund is a part of ABSL Mutual Fund and was incepted on October 02, 2002. This open-ended mid cap fund can be an apt choice for individuals seeking long-term capital growth by Investing in mid-cap stocks. The scheme aims to provide investors a chance to invest in mid-cap companies that can be potential leaders of tomorrow. The highlights of ABSL Midcap Fund are long-term capital growth and investment in stocks with higher growth potentials. Clearing Corporation Of India Ltd, RBL Bank Ltd, Mahindra CIE Automotive Ltd, The Federal Bank Ltd, etc., are some of the top constituents of this scheme of ABSL Mutual Fund as on 30th June, 2018. Mr. Jayesh Gandhi is the sole fund manager of ABSL Midcap Fund.

ICICI Prudential MidCap Fund Vs Aditya Birla Sun Life 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, 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. Moving on the next comparison parameter, that is, Fincash Rating, it can be said that ICICI Prudential MidCap Fund has a 2-Star Rating, while Aditya Birla Sun Life Midcap Fund has 3-Star Rating. With respect to Net Asset Value, the NAV of Aditya Birla Sun Life Midcap Fund as on 27th July, 2018 was INR 305.93 and the NAV of DSP BlackRock Midcap Fund was INR 55.384.

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
ICICI Prudential MidCap Fund
Growth
Fund Details
₹93.59 ↑ 0.61   (0.66 %)
₹1,683 on 30 Apr 19
28 Oct 04
Equity
Mid Cap
35
Moderately High
2.64
-0.68
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
₹279.01 ↑ 1.70   (0.61 %)
₹2,343 on 30 Apr 19
3 Oct 02
Equity
Mid Cap
16
Moderately High
2.5
-0.76
0
0
Not Available
0-365 Days (1%),365 Days 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
ICICI Prudential MidCap Fund
Growth
Fund Details
0%
-3.8%
0%
-1.5%
8.4%
10.7%
16.4%
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
0.1%
-4.1%
-0.2%
-5.6%
6.1%
10.9%
21.9%

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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, ICICI Prudential MidCap Fund has performed better in some instance, while DSP BlackRock Midcap Fund has also performed better in some case. The yearly performance of both the schemes is tabulated as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
ICICI Prudential MidCap Fund
Growth
Fund Details
-10.8%
42.9%
4.8%
5.1%
87%
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
-16%
44.8%
5.7%
10.4%
72.6%

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 AUM, Minimum SIP Investment, Minimum Lumpsum Investment, and Exit Load. The minimum monthly SIP investment fpr both the schemes are the same, i.e., INR 1,000. The minimum lump sum amount for ICICI Pru MidCap Fund is INR 5,000 and for Aditya Birla Sun Life Midcap Fund is INR 1,000. The AUM of ICICI Prudential MidCap Fund (as on 30th June 2018) was INR 1,461 Cr, and the AUM of Aditya Birla Sun Life Midcap Fund was INR 2,222 Cr. The table given below summarizes the elements of other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
ICICI Prudential MidCap Fund
Growth
Fund Details
₹100
₹5,000
Mrinal Singh - 7.8 Yr.
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
₹1,000
₹1,000
Jayesh Gandhi - 4.41 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
ICICI Prudential MidCap Fund
Growth
Fund Details
DateValue
30 Jun 14₹10,000
30 Jun 15₹12,706
30 Jun 16₹13,048
30 Jun 17₹16,305
30 Jun 18₹17,280
30 Jun 19₹17,444
Growth of 10,000 investment over the years.
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
DateValue
30 Jun 14₹10,000
30 Jun 15₹12,902
30 Jun 16₹13,755
30 Jun 17₹17,403
30 Jun 18₹17,796
30 Jun 19₹16,940

Detailed Portfolio Comparison

Asset Allocation
ICICI Prudential MidCap Fund
Growth
Fund Details
Asset ClassValue
Cash13.15%
Equity86.73%
Other0.12%
Equity Sector Allocation
SectorValue
Consumer Cyclical23.78%
Basic Materials18.59%
Financial Services18.56%
Industrials15.76%
Health Care5.02%
Technology4.36%
Utility3.83%
Consumer Defensive1.73%
Energy1.01%
Communication Services0.68%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Current Assets
Net Current Assets | -
10%₹175 Cr
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 17 | 500850
6%₹99 Cr6,311,195
Exide Industries Ltd (Consumer Cyclical)
Equity, Since 31 Oct 15 | 500086
4%₹76 Cr3,550,219
Tata Chemicals Ltd (Basic Materials)
Equity, Since 31 Aug 16 | 500770
4%₹69 Cr1,092,170
↑ 7,500
PI Industries Ltd (Basic Materials)
Equity, Since 31 Aug 17 | PIIND
4%₹68 Cr594,092
↓ -29,817
Muthoot Finance Ltd (Financial Services)
Equity, Since 31 Jan 18 | 533398
4%₹64 Cr978,027
↑ 325,500
Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 31 Dec 17 | M&MFIN
3%₹53 Cr1,253,505
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 17 | FEDERALBNK
3%₹51 Cr4,715,004
↑ 789,467
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jul 17 | 500271
3%₹48 Cr1,058,990
↑ 12,000
Thomas Cook India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 15 | THOMASCOOK
3%₹47 Cr2,020,434
Asset Allocation
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash1.21%
Equity98.79%
Equity Sector Allocation
SectorValue
Financial Services27.27%
Basic Materials17.96%
Industrials15.2%
Consumer Cyclical14.36%
Health Care10.5%
Utility4.63%
Energy3.73%
Technology2.6%
Consumer Defensive2.54%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Gujarat Fluorochemicals Ltd (Basic Materials)
Equity, Since 31 Jul 15 | 500173
5%₹131 Cr1,250,000
↑ 160,450
TeamLease Services Ltd (Industrials)
Equity, Since 29 Feb 16 | TEAMLEASE
5%₹126 Cr418,589
↑ 102,976
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
4%₹86 Cr1,250,000
↓ -150,000
Century Textiles & Industries Ltd (Basic Materials)
Equity, Since 31 Aug 16 | 500040
3%₹82 Cr802,000
↑ 50,000
KEC International Ltd (Industrials)
Equity, Since 30 Nov 15 | 532714
3%₹80 Cr2,489,592
↑ 139,592
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | FEDERALBNK
3%₹75 Cr7,000,000
↑ 400,000
DCB Bank Ltd (Financial Services)
Equity, Since 30 Apr 17 | 532772
3%₹70 Cr3,000,000
↓ -1,500,000
Gujarat State Petronet Ltd (Utilities)
Equity, Since 30 Nov 14 | 532702
3%₹68 Cr3,513,000
↑ 213,000
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 31 May 16 | CROMPTON
3%₹65 Cr2,730,000
Pfizer Ltd (Healthcare)
Equity, Since 31 Jul 18 | PFIZER
3%₹63 Cr196,680

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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