ICICI Prudential Midcap Fund

ICICI Prudential Midcap Fund is managed by Mrinal Singh and Atul Patel. This fund has given a poor show. Existing investors should exit this fund to invest in a better fund.

Where does ICICI Prudential Midcap Fund invest your money?

ICICI Prudential Midcap Fund is a mid and small cap fund which means most of your money will be invested in small and medium sized companies. About 55.29% of the fund’s money is allocated to stocks of small size companies, and 40.97% to stocks of mid size companies. Mid size stocks can give kicker returns as they turn into large stocks but this happens not so frequently. 

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
How has ICICI Prudential Midcap Fund Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched Oct 2004, your value of investments would be around Rs 3.16 lakhs. If you had invested Rs 1 lakh five years back it would have sadly become Rs 94403. The performance has not been better than or similar to other small & mid cap mutual funds. The fund has been giving around -1.14% returns to those who have stayed invested for 5 years.

Assume you had invested Rs 10,000 every month in ICICI Prudential Midcap Fund through SIP for the past 5 years today you would have around Rs 7.26 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of ICICI Prudential Midcap Fund is 2.63%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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