Fincash » ICICI Prudential MidCap Fund Vs DSP BlackRock Midcap Fund
Table of Contents
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’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 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.
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 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.
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 ₹165.44 ↑ 0.61 (0.37 %) ₹3,091 on 30 Jun 22 28 Oct 04 ☆☆ Equity Mid Cap 35 Moderately High 2.3 -0.24 -0.51 -0.47 Not Available 0-1 Years (1%),1 Years and above(NIL) DSP BlackRock Midcap Fund
Growth
Fund Details ₹89.036 ↑ 0.20 (0.23 %) ₹12,502 on 30 Jun 22 14 Nov 06 ☆☆☆ Equity Mid Cap 20 Moderately High 1.89 -1.08 -0.74 -10.63 Not Available 0-12 Months (1%),12 Months 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 6.1% 12.2% 7.2% 8.8% 23.4% 12.6% 17.1% DSP BlackRock Midcap Fund
Growth
Fund Details 7.9% 9.6% 3.2% 0.7% 20.7% 11.8% 14.9%
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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 as compared to DSP BlackRock Midcap Fund. The yearly performance of both the schemes is tabulated as follows.
Parameters Yearly Performance 2021 2020 2019 2018 2017 ICICI Prudential MidCap Fund
Growth
Fund Details 44.8% 19.1% -0.6% -10.8% 42.9% DSP BlackRock Midcap Fund
Growth
Fund Details 28.3% 23.6% 9.2% -10.2% 39.8%
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 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.
Parameters Other Details Min SIP Investment Min Investment Fund Manager ICICI Prudential MidCap Fund
Growth
Fund Details ₹100 ₹5,000 Priyanka Khandelwal - 5.13 Yr. DSP BlackRock Midcap Fund
Growth
Fund Details ₹500 ₹1,000 Vinit Sambre - 10.09 Yr.
ICICI Prudential MidCap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Jul 17 ₹10,000 31 Jul 18 ₹10,620 31 Jul 19 ₹9,672 31 Jul 20 ₹9,210 31 Jul 21 ₹16,635 31 Jul 22 ₹17,408 DSP BlackRock Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Jul 17 ₹10,000 31 Jul 18 ₹10,600 31 Jul 19 ₹9,694 31 Jul 20 ₹10,752 31 Jul 21 ₹16,780 31 Jul 22 ₹16,225
ICICI Prudential MidCap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 6.42% Equity 93.58% Equity Sector Allocation
Sector Value Consumer Cyclical 22.66% Financial Services 21.45% Industrials 12.69% Health Care 9.16% Technology 8.58% Communication Services 6.23% Basic Materials 4.61% Real Estate 3.7% Consumer Defensive 3.63% Utility 0.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jul 17 | 5002715% ₹142 Cr 1,813,195 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5323434% ₹128 Cr 1,521,820 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 17 | FEDERALBNK4% ₹113 Cr 12,572,698
↑ 200,000 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 17 | 5008503% ₹108 Cr 4,788,952 Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 21 | PERSISTENT3% ₹96 Cr 281,807
↑ 1,706 Minda Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | MINDAIND3% ₹95 Cr 1,029,692 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 5031003% ₹83 Cr 702,889 Tata Communications Ltd (Communication Services)
Equity, Since 31 Mar 21 | TATACOMM2% ₹76 Cr 833,540
↑ 80,012 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 5004772% ₹75 Cr 5,089,603 Alkem Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 20 | ALKEM2% ₹74 Cr 245,989 DSP BlackRock Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.25% Equity 95.75% Equity Sector Allocation
Sector Value Basic Materials 19.26% Consumer Cyclical 18.85% Financial Services 18.08% Industrials 17.34% Health Care 8.24% Consumer Defensive 4.64% Technology 3.82% Real Estate 2.66% Utility 2.41% Communication Services 0.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity Coromandel International Ltd (Basic Materials)
Equity, Since 30 Sep 14 | 5063954% ₹523 Cr 5,482,407 Supreme Industries Ltd (Industrials)
Equity, Since 31 Aug 15 | 5099304% ₹509 Cr 2,883,020 Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 May 13 | 5244944% ₹492 Cr 5,478,354 Atul Ltd (Basic Materials)
Equity, Since 31 Jul 14 | ATUL4% ₹475 Cr 590,964
↑ 47,573 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 20 | CHOLAFIN4% ₹446 Cr 7,194,137
↓ -398,548 Bata India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 19 | BATAINDIA3% ₹384 Cr 2,301,786 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | ICICIBANK3% ₹379 Cr 5,361,897 Emami Ltd (Consumer Defensive)
Equity, Since 31 Jul 18 | 5311623% ₹352 Cr 8,365,055 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 5004933% ₹350 Cr 5,362,307 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 Jan 18 | 5031003% ₹333 Cr 2,813,186
↑ 172,634
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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