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Fincash » HDFC Mid-Cap Opportunities Fund Vs ICICI Prudential MidCap Fund

HDFC Mid-Cap Opportunities Fund Vs ICICI Prudential MidCap Fund

Updated on March 24, 2025 , 3864 views

HDFC mid-cap Opportunities Fund Vs ICICI Prudential 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 HDFC Mid-Cap Opportunities Fund and ICICI Prudential MidCap Fund through this article.

HDFC Mid-Cap Opportunities Fund

HDFC Mid-cap Opportunities Fund’s is to achieve Capital growth in the long-term from a Portfolio that predominantly consists of equity and equity-related instruments. These instruments generally belong to mid and small cap sectors. The scheme uses Nifty Midcap 100 Index and NIFTY 50 Index as its benchmark to construct its portfolio. This scheme is suitable for individuals seeking capital appreciation over long-term by predominantly Investing in shares of small and mid-sized companies. As per the Asset Allocation objective of the scheme, it invests around 75-100% of its corpus in mid and small-cap companies while the remaining in fixed Income and money market securities.

As on March 31, 2018, some of the constituents of HDFC Mid-cap opportunities Fund included MRF Limited, Apollo Tyres Limited, Exide Industries Limited, and City Union Bank Limited.

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. 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.

HDFC Mid-Cap Opportunities Fund Vs ICICI Prudential 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, AUM, 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.

As per Fincash Rating, it can be said that ICICI Prudential MidCap Fund has a 2-Star Rating, while HDFC Mid-Cap Opportunities Fund has 3-Star Rating.

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
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹172.809 ↓ -1.29   (-0.74 %)
₹67,579 on 28 Feb 25
25 Jun 07
Equity
Mid Cap
24
Moderately High
1.51
-0.12
0.92
2.39
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential MidCap Fund
Growth
Fund Details
₹257.68 ↓ -1.01   (-0.39 %)
₹5,394 on 28 Feb 25
28 Oct 04
Equity
Mid Cap
35
Moderately High
2.11
-0.22
-0.49
0.76
Not Available
0-1 Years (1%),1 Years 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
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
3.7%
-8.7%
-11.5%
11.5%
24.4%
34.8%
17.4%
ICICI Prudential MidCap Fund
Growth
Fund Details
3.1%
-9.8%
-14.9%
8.2%
18.3%
31.8%
17.3%

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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, HDFC Mid-Cap Opportunities Fund has performed better in many instance as compared to ICICI Prudential MidCap Fund. The yearly performance of both the schemes is tabulated as follows.

Parameters
Yearly Performance2024
2023
2022
2021
2020
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
28.6%
44.5%
12.3%
39.9%
21.7%
ICICI Prudential MidCap Fund
Growth
Fund Details
27%
32.8%
3.1%
44.8%
19.1%

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 Minimum SIP Investment and Minimum Lumpsum Investment. The minimum monthly SIP investment of ICICI Prudential MidCap Fund is INR 1,000, whereas for HDFC Mid-Cap Opportunities Fund is INR 500. The minimum lump sum amount for ICICI Pru MidCap Fund is INR 5,000 and for HDFC Mid-Cap Opportunities Fund is INR 1,000.

The table given below summarizes the elements of other details section.

Mittul Kalawadia and Mrinal Singh are the joint fund managers of ICICI Prudential MidCap Fund.

Chirag Setalvad is the current fund manager of HDFC Mid-Cap Opportunities Fund.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹300
₹5,000
Chirag Setalvad - 17.7 Yr.
ICICI Prudential MidCap Fund
Growth
Fund Details
₹100
₹5,000
Lalit Kumar - 2.67 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
DateValue
29 Feb 20₹10,000
28 Feb 21₹13,425
28 Feb 22₹16,210
28 Feb 23₹18,461
29 Feb 24₹29,041
28 Feb 25₹30,075
Growth of 10,000 investment over the years.
ICICI Prudential MidCap Fund
Growth
Fund Details
DateValue
29 Feb 20₹10,000
28 Feb 21₹13,766
28 Feb 22₹16,505
28 Feb 23₹17,354
29 Feb 24₹26,141
28 Feb 25₹26,457

Detailed Portfolio Comparison

Asset Allocation
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash8.07%
Equity91.93%
Equity Sector Allocation
SectorValue
Financial Services24.44%
Consumer Cyclical17.51%
Health Care11.93%
Industrials10.38%
Technology10.11%
Basic Materials6.21%
Consumer Defensive4.23%
Communication Services3.05%
Energy2.69%
Utility1.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 14 | 500271
4%₹2,838 Cr25,438,767
↑ 694,674
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | 500850
4%₹2,720 Cr35,573,103
↓ -3,566,569
Coforge Ltd (Technology)
Equity, Since 30 Jun 22 | COFORGE
3%₹2,483 Cr3,004,120
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND
3%₹2,434 Cr8,783,362
↑ 606,494
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | FEDERALBNK
3%₹2,393 Cr127,825,000
↑ 1,000,000
Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 07 | 524494
3%₹2,283 Cr15,820,332
↑ 18,438
Persistent Systems Ltd (Technology)
Equity, Since 31 Dec 12 | PERSISTENT
3%₹2,167 Cr3,592,735
Indian Bank (Financial Services)
Equity, Since 31 Oct 11 | 532814
3%₹2,035 Cr36,619,529
Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 21 | HINDPETRO
3%₹1,979 Cr55,230,830
↑ 1,775,773
Apollo Tyres Ltd (Consumer Cyclical)
Equity, Since 30 Sep 12 | 500877
2%₹1,832 Cr41,892,187
Asset Allocation
ICICI Prudential MidCap Fund
Growth
Fund Details
Asset ClassValue
Cash0.7%
Equity99.3%
Equity Sector Allocation
SectorValue
Basic Materials29.21%
Industrials19.97%
Financial Services14.53%
Communication Services12%
Consumer Cyclical10.57%
Real Estate8.42%
Health Care2.51%
Technology1.79%
Utility0.17%
Consumer Defensive0.12%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Info Edge (India) Ltd (Communication Services)
Equity, Since 30 Sep 23 | NAUKRI
5%₹288 Cr372,785
Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Nov 23 | 533398
4%₹214 Cr948,183
Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Aug 22 | JSL
3%₹200 Cr3,056,731
Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 503100
3%₹190 Cr1,156,191
UPL Ltd (Basic Materials)
Equity, Since 31 Oct 22 | UPL
3%₹189 Cr3,135,084
↑ 500,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 532286
3%₹180 Cr2,279,227
↑ 100,000
PB Fintech Ltd (Financial Services)
Equity, Since 31 May 24 | 543390
3%₹170 Cr983,085
↑ 811,051
APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 30 Sep 22 | APLAPOLLO
3%₹169 Cr1,117,934
Bharti Hexacom Ltd (Communication Services)
Equity, Since 30 Apr 24 | BHARTIHEXA
3%₹167 Cr1,235,794
↑ 269,200
Godrej Properties Ltd (Real Estate)
Equity, Since 30 Sep 22 | GODREJPROP
3%₹161 Cr690,323

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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