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 ₹293.52 ↑ 0.28 (0.10 %) ₹6,654 on 31 Jul 25 28 Oct 04 ☆☆ Equity Mid Cap 35 Moderately High 1.88 -0.22 -0.41 2.1 Not Available 0-1 Years (1%),1 Years and above(NIL) Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details ₹84.0605 ↑ 0.54 (0.65 %) ₹5,011 on 31 Jul 25 31 May 07 ☆☆☆☆☆ Equity Small Cap 1 Moderately High 1.89 -0.43 0 0 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 0.2% 1.7% 21.7% 0.1% 21.1% 25.7% 17.6% Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details -0.5% -0.4% 20.7% -6.2% 17% 23.3% 12.3%
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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 2024 2023 2022 2021 2020 ICICI Prudential MidCap Fund
Growth
Fund Details 27% 32.8% 3.1% 44.8% 19.1% Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details 21.5% 39.4% -6.5% 51.4% 19.8%
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 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 - 3.17 Yr. Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details ₹1,000 ₹1,000 Abhinav Khandelwal - 0.84 Yr.
ICICI Prudential MidCap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹16,707 31 Aug 22 ₹17,936 31 Aug 23 ₹20,647 31 Aug 24 ₹31,895 31 Aug 25 ₹31,308 Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹18,059 31 Aug 22 ₹17,984 31 Aug 23 ₹22,820 31 Aug 24 ₹30,930 31 Aug 25 ₹28,349
ICICI Prudential MidCap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.53% Equity 98.18% Other 0.29% Equity Sector Allocation
Sector Value Basic Materials 26.53% Industrials 21.95% Financial Services 18.82% Communication Services 10.54% Consumer Cyclical 10.46% Real Estate 6.55% Health Care 2.82% Technology 0.38% Utility 0.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity Jindal Steel Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 5322864% ₹268 Cr 2,779,227 Bharti Hexacom Ltd (Communication Services)
Equity, Since 30 Apr 24 | BHARTIHEXA4% ₹236 Cr 1,276,584
↑ 40,790 BSE Ltd (Financial Services)
Equity, Since 30 Apr 24 | BSE4% ₹235 Cr 968,355 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 30 Jun 23 | PRESTIGE3% ₹231 Cr 1,418,018 Apar Industries Ltd (Industrials)
Equity, Since 31 Jan 25 | APARINDS3% ₹229 Cr 257,507
↑ 10,000 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 30 Sep 22 | APLAPOLLO3% ₹228 Cr 1,425,196
↑ 307,262 UPL Ltd (Basic Materials)
Equity, Since 31 Oct 22 | UPL3% ₹221 Cr 3,136,084 Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Aug 22 | JSL3% ₹216 Cr 3,106,731 Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Nov 23 | 5333983% ₹215 Cr 824,501 Info Edge (India) Ltd (Communication Services)
Equity, Since 30 Sep 23 | NAUKRI3% ₹212 Cr 1,524,061
↓ -339,864 Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.3% Equity 94.7% Equity Sector Allocation
Sector Value Industrials 18.85% Consumer Cyclical 17.51% Financial Services 17.5% Basic Materials 12.54% Health Care 12% Consumer Defensive 7.66% Real Estate 4.78% Technology 2.38% Utility 1.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 20 | NAVINFLUOR3% ₹131 Cr 260,056
↑ 36,630 Tega Industries Ltd (Industrials)
Equity, Since 31 Dec 21 | 5434132% ₹107 Cr 560,000
↓ -52,219 JK Cement Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JKCEMENT2% ₹107 Cr 160,054
↓ -11,838 Krishna Institute of Medical Sciences Ltd (Healthcare)
Equity, Since 31 Dec 23 | 5433082% ₹105 Cr 1,395,824 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 24 | MCX2% ₹105 Cr 136,200
↓ -35,000 TD Power Systems Ltd (Industrials)
Equity, Since 30 Jun 23 | TDPOWERSYS2% ₹96 Cr 1,890,924
↓ -33,355 Fortis Healthcare Ltd (Healthcare)
Equity, Since 28 Feb 21 | 5328432% ₹95 Cr 1,109,322 PNB Housing Finance Ltd (Financial Services)
Equity, Since 31 Aug 24 | PNBHOUSING2% ₹94 Cr 956,130
↑ 50,000 Ramco Cements Ltd (Basic Materials)
Equity, Since 28 Feb 25 | RAMCOCEM2% ₹91 Cr 770,321 Hitachi Energy India Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 20 | POWERINDIA2% ₹90 Cr 44,560
↓ -5,407
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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