ICICI Prudential MidCap Fund Vs DSP BlackRock Midcap Fund

ICICI Prudential MidCap Fund Vs DSP BlackRock 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 DSP BlackRock 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.

DSP BlackRock Midcap Fund

DSP BlackRock Midcap Fund is an open-ended equity scheme that aims to create capital appreciation in the long-term. DSP BlackRock Midcap Fund invests in a portfolio of equity and equity linked securities to ensure capital growth. Generally, DSP Midcap Fund invests in stocks of companies that have a great potential to grow as they operate on a smaller scale. Apart from this, the fund manager periodically seeks investments in other kinds of equity and equity-linked instruments to provide stable returns. Currently, DSP BlackRock Midcap Fund is managed by Vinit Sambre, Jay Kothari and Reshma Jain. Some of the top holdings of the fund as on June 30th, 2018 are Exide Industries Ltd, Cblo/Reverse Repo Investments, Edelweiss Financial Services Ltd, Manappuram Finance Ltd, etc.

ICICI Prudential MidCap Fund Vs DSP BlackRock 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 DSP BlackRock Midcap Fund has 3-Star Rating. With respect to Net Asset Value, the NAV of DSP BlackRock Midcap Fund (as on 27th July 2018) was INR 55.384, and the NAV of ICICI Prudential MidCap Fund was INR 97.04.

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.

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 as compared to DSP BlackRock Midcap Fund. The yearly performance of both the schemes is tabulated as follows.

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 of ICICI Prudential MidCap Fund is INR 1,000, whereas for DSP BlackRock Midcap Fund is INR 500. The minimum lump sum amount for ICICI Pru MidCap Fund is INR 5,000 and for DSP BlackRock Midcap Fund is INR 1,000. The AUM of the DSPBR Midcap Fund was INR 5,266 Cr and the AUM of ICICI Prudential MidCap Fund was INR 1,461 Cr (as on 30th June 2018). The table given below summarizes the elements of other details section.

Growth of 10k Investments over the years