Fincash » ICICI Prudential MidCap Fund Vs Aditya Birla Sun Life Midcap Fund
Table of Contents
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’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 (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.
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, 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 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 ICICI Prudential MidCap Fund
Growth
Fund Details ₹211.26 ↑ 1.17 (0.56 %) ₹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) Aditya Birla Sun Life Midcap Fund
Growth
Fund Details ₹592.2 ↑ 3.84 (0.65 %) ₹4,252 on 31 Oct 23 3 Oct 02 ☆☆☆ Equity Mid Cap 16 Moderately High 2.07 0.81 -1.02 -4.46 Not Available 0-365 Days (1%),365 Days 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 ICICI Prudential MidCap Fund
Growth
Fund Details 13.2% 9.9% 24.7% 22.3% 25.5% 17.8% 17.3% Aditya Birla Sun Life Midcap Fund
Growth
Fund Details 8.4% 5.9% 22.5% 25.9% 25.2% 16.1% 21.3%
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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, 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 Performance 2022 2021 2020 2019 2018 ICICI Prudential MidCap Fund
Growth
Fund Details 3.1% 44.8% 19.1% -0.6% -10.8% Aditya Birla Sun Life Midcap Fund
Growth
Fund Details -5.3% 50.4% 15.5% -3.7% -16%
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 Details Min SIP Investment Min Investment Fund Manager ICICI Prudential MidCap Fund
Growth
Fund Details ₹100 ₹5,000 Lalit Kumar - 1.34 Yr. Aditya Birla Sun Life Midcap Fund
Growth
Fund Details ₹1,000 ₹1,000 Harish Krishnan - 0 Yr.
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 Aditya Birla Sun Life Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹9,751 30 Nov 20 ₹10,629 30 Nov 21 ₹16,474 30 Nov 22 ₹16,628 30 Nov 23 ₹20,942
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 Aditya Birla Sun Life Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 3.28% Equity 96.72% Equity Sector Allocation
Sector Value Financial Services 19.53% Industrials 17.58% Consumer Cyclical 16.68% Basic Materials 16.03% Health Care 9% Technology 5.51% Consumer Defensive 4.36% Communication Services 3.13% Real Estate 2.49% Utility 2.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Dec 14 | CHOLAHLDNG3% ₹131 Cr 1,148,702 Gujarat Fluorochemicals Ltd Ordinary Shares (Basic Materials)
Equity, Since 30 Sep 19 | FLUOROCHEM3% ₹127 Cr 457,307 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Aug 18 | 5063953% ₹122 Cr 1,167,738 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Aug 20 | KPRMILL3% ₹120 Cr 1,492,510 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | FEDERALBNK3% ₹111 Cr 7,907,653 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 May 17 | 5328433% ₹107 Cr 3,319,435 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 Aug 20 | 5031002% ₹106 Cr 584,368 Mphasis Ltd (Technology)
Equity, Since 31 Mar 20 | 5262992% ₹106 Cr 498,427 Torrent Power Ltd (Utilities)
Equity, Since 31 Oct 19 | 5327792% ₹103 Cr 1,419,262 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 28 Feb 21 | 5322962% ₹98 Cr 1,311,666
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.
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