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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 August 16, 2022 , 539 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
₹165.44 ↑ 0.61   (0.37 %)
₹3,091 on 30 Jun 22
28 Oct 04
Equity
Mid Cap
35
Moderately High
2.3
-0.24
-0.51
-0.47
Not Available
0-1 Years (1%),1 Years and above(NIL)
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
₹473.83 ↑ 1.62   (0.34 %)
₹3,160 on 30 Jun 22
3 Oct 02
Equity
Mid Cap
16
Moderately High
2.16
0.06
-0.71
3.75
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
6.1%
12.2%
7.2%
8.8%
23.4%
12.6%
17.1%
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
7.1%
10.2%
4.1%
9.8%
22.5%
9.5%
21.4%

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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 Performance2021
2020
2019
2018
2017
ICICI Prudential MidCap Fund
Growth
Fund Details
44.8%
19.1%
-0.6%
-10.8%
42.9%
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
50.4%
15.5%
-3.7%
-16%
44.8%

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
Priyanka Khandelwal - 5.13 Yr.
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
₹1,000
₹1,000
Anil Shah - 2.26 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
ICICI Prudential MidCap Fund
Growth
Fund Details
DateValue
31 Jul 17₹10,000
31 Jul 18₹10,620
31 Jul 19₹9,672
31 Jul 20₹9,210
31 Jul 21₹16,635
31 Jul 22₹17,408
Growth of 10,000 investment over the years.
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
DateValue
31 Jul 17₹10,000
31 Jul 18₹10,074
31 Jul 19₹8,623
31 Jul 20₹8,006
31 Jul 21₹14,137
31 Jul 22₹14,955

Detailed Portfolio Comparison

Asset Allocation
ICICI Prudential MidCap Fund
Growth
Fund Details
Asset ClassValue
Cash6.42%
Equity93.58%
Equity Sector Allocation
SectorValue
Consumer Cyclical22.66%
Financial Services21.45%
Industrials12.69%
Health Care9.16%
Technology8.58%
Communication Services6.23%
Basic Materials4.61%
Real Estate3.7%
Consumer Defensive3.63%
Utility0.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jul 17 | 500271
5%₹142 Cr1,813,195
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 532343
4%₹128 Cr1,521,820
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 17 | FEDERALBNK
4%₹113 Cr12,572,698
↑ 200,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 17 | 500850
3%₹108 Cr4,788,952
Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 21 | PERSISTENT
3%₹96 Cr281,807
↑ 1,706
Minda Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | MINDAIND
3%₹95 Cr1,029,692
Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 503100
3%₹83 Cr702,889
Tata Communications Ltd (Communication Services)
Equity, Since 31 Mar 21 | TATACOMM
2%₹76 Cr833,540
↑ 80,012
Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 500477
2%₹75 Cr5,089,603
Alkem Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 20 | ALKEM
2%₹74 Cr245,989
Asset Allocation
Aditya Birla Sun Life Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash3.79%
Equity96.21%
Equity Sector Allocation
SectorValue
Basic Materials18.71%
Financial Services17.57%
Consumer Cyclical15.97%
Industrials14.48%
Health Care9.46%
Technology7.04%
Utility5.35%
Consumer Defensive3.27%
Real Estate2.19%
Communication Services2.17%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Gujarat Fluorochemicals Ltd Ordinary Shares (Basic Materials)
Equity, Since 30 Sep 19 | FLUOROCHEM
4%₹127 Cr457,307
Mphasis Ltd (Technology)
Equity, Since 31 Mar 20 | 526299
4%₹126 Cr548,427
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 19 | CHOLAFIN
4%₹113 Cr1,821,603
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Aug 18 | 506395
4%₹111 Cr1,167,738
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 31 May 16 | CROMPTON
3%₹99 Cr2,912,243
Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Dec 14 | CHOLAHLDNG
3%₹86 Cr1,448,702
Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 May 17 | 532843
3%₹80 Cr3,319,435
↑ 244,351
Voltas Ltd (Industrials)
Equity, Since 31 Aug 15 | VOLTAS
3%₹79 Cr815,000
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Aug 20 | KPRMILL
2%₹77 Cr1,494,379
AIA Engineering Ltd (Industrials)
Equity, Since 31 Mar 21 | AIAENG
2%₹73 Cr330,294

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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