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Fincash » ICICI Prudential MidCap Fund Vs DSP BlackRock Midcap Fund

ICICI Prudential MidCap Fund Vs DSP BlackRock Midcap Fund

Updated on May 14, 2024 , 852 views

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.

Parameters
BasicsNAV
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
₹259.81 ↑ 3.18   (1.24 %)
₹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)
DSP BlackRock Midcap Fund
Growth
Fund Details
₹128.382 ↑ 1.51   (1.19 %)
₹15,969 on 31 Mar 24
14 Nov 06
Equity
Mid Cap
20
Moderately High
1.78
2.07
-2.42
-10.71
Not Available
0-12 Months (1%),12 Months and above(NIL)

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.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
ICICI Prudential MidCap Fund
Growth
Fund Details
5.8%
7.8%
29.4%
55.2%
25.9%
23.2%
18.1%
DSP BlackRock Midcap Fund
Growth
Fund Details
6.6%
7.1%
17.7%
45.6%
18%
19.8%
15.7%

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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.

Parameters
Yearly Performance2023
2022
2021
2020
2019
ICICI Prudential MidCap Fund
Growth
Fund Details
32.8%
3.1%
44.8%
19.1%
-0.6%
DSP BlackRock Midcap Fund
Growth
Fund Details
38.4%
-4.9%
28.3%
23.6%
9.2%

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.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
ICICI Prudential MidCap Fund
Growth
Fund Details
₹100
₹5,000
Lalit Kumar - 1.75 Yr.
DSP BlackRock Midcap Fund
Growth
Fund Details
₹500
₹1,000
Vinit Sambre - 11.76 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
ICICI Prudential MidCap Fund
Growth
Fund Details
DateValue
30 Apr 19₹10,000
30 Apr 20₹7,614
30 Apr 21₹13,485
30 Apr 22₹16,616
30 Apr 23₹17,183
30 Apr 24₹26,661
Growth of 10,000 investment over the years.
DSP BlackRock Midcap Fund
Growth
Fund Details
DateValue
30 Apr 19₹10,000
30 Apr 20₹9,350
30 Apr 21₹14,298
30 Apr 22₹15,982
30 Apr 23₹15,928
30 Apr 24₹23,160

Detailed Portfolio Comparison

Asset Allocation
ICICI Prudential MidCap Fund
Growth
Fund Details
Asset ClassValue
Cash5.27%
Equity94.73%
Equity Sector Allocation
SectorValue
Basic Materials22.38%
Industrials18.53%
Consumer Cyclical14.26%
Real Estate11.52%
Health Care10.5%
Communication Services5.68%
Financial Services4.28%
Energy4.28%
Utility2.56%
Technology0.69%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Aug 22 | 532508
4%₹201 Cr2,888,476
↑ 200,000
Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO
4%₹199 Cr4,183,076
↓ -286,200
Lupin Ltd (Healthcare)
Equity, Since 31 Aug 22 | 500257
4%₹199 Cr1,229,917
↓ -170,083
Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 503100
4%₹197 Cr706,491
↓ -200
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 532286
3%₹185 Cr2,179,227
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 532343
3%₹151 Cr699,955
AIA Engineering Ltd (Industrials)
Equity, Since 30 Nov 17 | AIAENG
3%₹146 Cr372,547
↑ 7,880
ACC Ltd (Basic Materials)
Equity, Since 31 Aug 22 | 500410
3%₹139 Cr557,062
Cummins India Ltd (Industrials)
Equity, Since 31 Oct 22 | 500480
2%₹133 Cr444,068
Oberoi Realty Ltd (Real Estate)
Equity, Since 31 May 23 | 533273
2%₹133 Cr899,376
Asset Allocation
DSP BlackRock Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash7.87%
Equity92.13%
Equity Sector Allocation
SectorValue
Industrials21.19%
Consumer Cyclical17.65%
Basic Materials13.1%
Financial Services11.89%
Health Care11.01%
Technology6.58%
Real Estate4.22%
Consumer Defensive3.81%
Utility1.49%
Energy1.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 May 13 | 524494
4%₹713 Cr5,758,046
Phoenix Mills Ltd (Real Estate)
Equity, Since 31 Jan 18 | 503100
4%₹674 Cr2,421,698
↓ -120,289
Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 15 | ALKEM
4%₹646 Cr1,307,508
↓ -103,399
Supreme Industries Ltd (Industrials)
Equity, Since 31 Aug 15 | 509930
3%₹544 Cr1,285,384
Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 500493
3%₹538 Cr4,766,077
↓ -693,500
Coromandel International Ltd (Basic Materials)
Equity, Since 30 Sep 14 | 506395
3%₹467 Cr4,348,038
↓ -716,997
The Federal Bank Ltd (Financial Services)
Equity, Since 31 May 16 | FEDERALBNK
3%₹456 Cr30,349,950
UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 532539
3%₹444 Cr6,485,880
↑ 252,700
Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 May 23 | HEROMOTOCO
3%₹407 Cr862,348
JK Cement Ltd (Basic Materials)
Equity, Since 30 Nov 21 | JKCEMENT
3%₹402 Cr986,672
↓ -125,741

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.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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