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 ₹245.14 ↓ -0.34 (-0.14 %) ₹5,517 on 31 Mar 24 28 Oct 04 ☆☆ Equity Mid Cap 35 Moderately High 2.11 2.7 -0.57 -2.49 Not Available 0-1 Years (1%),1 Years and above(NIL) Aditya Birla Sun Life Midcap Fund
Growth
Fund Details ₹663.37 ↓ -1.71 (-0.26 %) ₹4,913 on 31 Mar 24 3 Oct 02 ☆☆☆ Equity Mid Cap 16 Moderately High 2.07 2.68 -0.94 -3.17 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 6.6% 6% 26.2% 51.6% 25.6% 20.5% 17.9% Aditya Birla Sun Life Midcap Fund
Growth
Fund Details 8.5% 5% 16.8% 48.1% 24.5% 18.1% 21.5%
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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 2023 2022 2021 2020 2019 ICICI Prudential MidCap Fund
Growth
Fund Details 32.8% 3.1% 44.8% 19.1% -0.6% Aditya Birla Sun Life Midcap Fund
Growth
Fund Details 39.9% -5.3% 50.4% 15.5% -3.7%
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 - 1.75 Yr. Aditya Birla Sun Life Midcap Fund
Growth
Fund Details ₹1,000 ₹1,000 Harish Krishnan - 0.41 Yr.
ICICI Prudential MidCap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,682 31 Mar 21 ₹13,158 31 Mar 22 ₹16,419 31 Mar 23 ₹16,309 31 Mar 24 ₹24,894 Aditya Birla Sun Life Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,636 31 Mar 21 ₹12,022 31 Mar 22 ₹15,714 31 Mar 23 ₹14,823 31 Mar 24 ₹21,721
ICICI Prudential MidCap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 8.06% Equity 91.94% Equity Sector Allocation
Sector Value Basic Materials 21.01% Industrials 16.67% Consumer Cyclical 14.33% Health Care 11.5% Real Estate 10.83% Energy 5.43% Communication Services 4.96% Financial Services 3.32% Utility 2.96% Technology 0.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO4% ₹228 Cr 4,469,276
↓ -197,597 Lupin Ltd (Healthcare)
Equity, Since 31 Aug 22 | 5002574% ₹227 Cr 1,400,000 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 5031004% ₹195 Cr 706,691 Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Aug 22 | JSL3% ₹172 Cr 2,688,476 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 5322863% ₹169 Cr 2,179,227 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5323433% ₹150 Cr 699,955 ACC Ltd (Basic Materials)
Equity, Since 31 Aug 22 | 5004103% ₹146 Cr 557,062 AIA Engineering Ltd (Industrials)
Equity, Since 30 Nov 17 | AIAENG2% ₹133 Cr 364,667 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 30 Sep 22 | APLAPOLLO2% ₹133 Cr 857,934
↑ 189,772 Godrej Properties Ltd (Real Estate)
Equity, Since 30 Sep 22 | GODREJPROP2% ₹124 Cr 517,459 Aditya Birla Sun Life Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 2.33% Equity 97.67% Equity Sector Allocation
Sector Value Financial Services 18.3% Basic Materials 16.82% Industrials 16.34% Consumer Cyclical 16.12% Health Care 9.33% Technology 6.89% Utility 4.2% Consumer Defensive 3.55% Real Estate 3.11% Communication Services 3.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity Gujarat Fluorochemicals Ltd Ordinary Shares (Basic Materials)
Equity, Since 30 Sep 19 | FLUOROCHEM3% ₹169 Cr 457,307 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 Aug 20 | 5031003% ₹155 Cr 560,844
↓ -3,547 Torrent Power Ltd (Utilities)
Equity, Since 31 Oct 19 | 5327793% ₹153 Cr 1,419,262 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Aug 20 | KPRMILL3% ₹143 Cr 1,855,868 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 May 17 | 5328433% ₹134 Cr 3,294,435
↓ -25,000 Mphasis Ltd (Technology)
Equity, Since 31 Mar 20 | 5262993% ₹130 Cr 498,427 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Aug 18 | 5063953% ₹126 Cr 1,167,738 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Dec 14 | CHOLAHLDNG2% ₹121 Cr 1,148,702 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 23 | SHRIRAMFIN2% ₹114 Cr 467,029 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | FEDERALBNK2% ₹113 Cr 7,541,948
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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