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 ₹156.17 ↑ 2.35 (1.53 %) ₹3,493 on 28 Feb 23 28 Oct 04 ☆☆ Equity Mid Cap 35 Moderately High 2.19 0.05 -0.59 -2.58 Not Available 0-1 Years (1%),1 Years and above(NIL) Aditya Birla Sun Life Midcap Fund
Growth
Fund Details ₹430 ↑ 5.99 (1.41 %) ₹3,437 on 28 Feb 23 3 Oct 02 ☆☆☆ Equity Mid Cap 16 Moderately High 2.1 -0.36 -1.01 -8.23 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 -1.3% -6.8% -4% -0.4% 34.4% 9.7% 16.1% Aditya Birla Sun Life Midcap Fund
Growth
Fund Details -3.2% -4.6% -6% -5.9% 30.5% 7.1% 20.2%
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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 - 0.66 Yr. Aditya Birla Sun Life Midcap Fund
Growth
Fund Details ₹1,000 ₹1,000 Anil Shah - 2.84 Yr.
ICICI Prudential MidCap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹8,643 29 Feb 20 ₹8,873 28 Feb 21 ₹12,214 28 Feb 22 ₹14,644 28 Feb 23 ₹15,398 Aditya Birla Sun Life Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹8,443 29 Feb 20 ₹8,598 28 Feb 21 ₹10,926 28 Feb 22 ₹14,155 28 Feb 23 ₹14,067
ICICI Prudential MidCap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.52% Equity 94.48% Equity Sector Allocation
Sector Value Basic Materials 30.43% Consumer Cyclical 19.99% Communication Services 11.5% Industrials 9.18% Health Care 6.99% Financial Services 4.84% Real Estate 3.73% Energy 3.59% Consumer Defensive 2.25% Utility 1.97% Technology 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | BALKRISIND4% ₹136 Cr 675,342
↑ 139,291 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jul 17 | 5002714% ₹127 Cr 1,841,268 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO4% ₹125 Cr 5,822,890
↑ 1,837,694 PVR Ltd (Communication Services)
Equity, Since 31 Aug 22 | PVR4% ₹124 Cr 818,954
↑ 599,404 Steel Authority Of India Ltd (Basic Materials)
Equity, Since 31 Aug 22 | SAIL3% ₹117 Cr 14,109,044 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 5322863% ₹112 Cr 2,046,227
↓ -150,000 UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | UNOMINDA3% ₹104 Cr 2,059,384 NMDC Ltd (Basic Materials)
Equity, Since 31 Aug 22 | 5263713% ₹101 Cr 9,088,842
↓ -675,000 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 5031003% ₹97 Cr 702,889 Lupin Ltd (Healthcare)
Equity, Since 31 Aug 22 | 5002573% ₹88 Cr 1,333,935 Aditya Birla Sun Life Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.82% Equity 98.18% Equity Sector Allocation
Sector Value Financial Services 19.06% Industrials 17.83% Basic Materials 17.28% Consumer Cyclical 16.09% Health Care 9.52% Technology 7.51% Consumer Defensive 3.58% Utility 2.72% Real Estate 2.71% Communication Services 1.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity Gujarat Fluorochemicals Ltd Ordinary Shares (Basic Materials)
Equity, Since 30 Sep 19 | FLUOROCHEM4% ₹144 Cr 457,307 AIA Engineering Ltd (Industrials)
Equity, Since 31 Mar 21 | AIAENG3% ₹117 Cr 440,294 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 19 | CHOLAFIN3% ₹108 Cr 1,424,916 Mphasis Ltd (Technology)
Equity, Since 31 Mar 20 | 5262993% ₹107 Cr 523,427
↓ -25,000 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Aug 18 | 5063953% ₹105 Cr 1,167,738 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | FEDERALBNK3% ₹102 Cr 7,907,653 Cummins India Ltd (Industrials)
Equity, Since 31 Jan 22 | 5004803% ₹97 Cr 619,671 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 May 17 | 5328433% ₹89 Cr 3,319,435 Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 31 May 16 | CROMPTON3% ₹88 Cr 2,912,243 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 31 Jan 20 | M&MFIN3% ₹88 Cr 3,477,285
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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