Fincash » ICICI Prudential MidCap Fund Vs Aditya Birla Sun Life Midcap Fund
Table of Contents
ICICI Prudential MidCap Fund Vs Aditya Birla Sun Life 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 Aditya Birla Sun Life 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.
Aditya Birla Sun Life (ABSL) Midcap Fund is a part of ABSL Mutual Fund and was incepted on October 02, 2002. This open-ended mid cap fund can be an apt choice for individuals seeking long-term capital growth by Investing in mid-cap stocks. The scheme aims to provide investors a chance to invest in mid-cap companies that can be potential leaders of tomorrow. The highlights of ABSL Midcap Fund are long-term capital growth and investment in stocks with higher growth potentials. Clearing Corporation Of India Ltd, RBL Bank Ltd, Mahindra CIE Automotive Ltd, The Federal Bank Ltd, etc., are some of the top constituents of this scheme of ABSL Mutual Fund as on 30th June, 2018. Mr. Jayesh Gandhi is the sole fund manager of ABSL 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.
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 Aditya Birla Sun Life Midcap Fund has 3-Star Rating. With respect to Net Asset Value, the NAV of Aditya Birla Sun Life Midcap Fund as on 27th July, 2018 was INR 305.93 and the NAV of DSP BlackRock Midcap Fund was INR 55.384.
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 ₹257.64 ↑ 1.89 (0.74 %) ₹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) Aditya Birla Sun Life Midcap Fund
Growth
Fund Details ₹714.5 ↑ 5.34 (0.75 %) ₹5,056 on 28 Feb 25 3 Oct 02 ☆☆☆ Equity Mid Cap 16 Moderately High 1.94 -0.11 -1.19 2.92 Not Available 0-365 Days (1%),365 Days 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 5% -5.1% -12.4% 4.9% 16.8% 29.5% 17.2% Aditya Birla Sun Life Midcap Fund
Growth
Fund Details 6.8% -2.7% -12.5% 7.2% 14.6% 27.6% 20.9%
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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, while DSP BlackRock Midcap Fund has also performed better in some case. The yearly performance of both the schemes is tabulated as follows.
Parameters Yearly Performance 2023 2022 2021 2020 2019 ICICI Prudential MidCap Fund
Growth
Fund Details 27% 32.8% 3.1% 44.8% 19.1% Aditya Birla Sun Life Midcap Fund
Growth
Fund Details 22% 39.9% -5.3% 50.4% 15.5%
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 fpr both the schemes are the same, i.e., INR 1,000. The minimum lump sum amount for ICICI Pru MidCap Fund is INR 5,000 and for Aditya Birla Sun Life Midcap Fund is INR 1,000. The AUM of ICICI Prudential MidCap Fund (as on 30th June 2018) was INR 1,461 Cr, and the AUM of Aditya Birla Sun Life Midcap Fund was INR 2,222 Cr. 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 Lalit Kumar - 2.67 Yr. Aditya Birla Sun Life Midcap Fund
Growth
Fund Details ₹1,000 ₹1,000 Vishal Gajwani - 0.41 Yr.
ICICI Prudential MidCap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹19,693 31 Mar 22 ₹24,574 31 Mar 23 ₹24,409 31 Mar 24 ₹37,258 31 Mar 25 ₹40,174 Aditya Birla Sun Life Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹18,116 31 Mar 22 ₹23,680 31 Mar 23 ₹22,337 31 Mar 24 ₹32,732 31 Mar 25 ₹36,576
ICICI Prudential MidCap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.95% Equity 98.05% Equity Sector Allocation
Sector Value Basic Materials 31.03% Industrials 18.68% Financial Services 15.33% Communication Services 11.38% Consumer Cyclical 9.4% Real Estate 8.9% Health Care 2.68% Technology 0.36% Utility 0.15% Consumer Defensive 0.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity Info Edge (India) Ltd (Communication Services)
Equity, Since 30 Sep 23 | NAUKRI5% ₹261 Cr 372,785 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 5322864% ₹229 Cr 2,679,227
↑ 400,000 Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Nov 23 | 5333984% ₹202 Cr 948,183 UPL Ltd (Basic Materials)
Equity, Since 31 Oct 22 | UPL4% ₹198 Cr 3,135,084 Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Aug 22 | JSL3% ₹182 Cr 3,106,731
↑ 50,000 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 5031003% ₹179 Cr 1,154,710
↓ -1,481 Bharti Hexacom Ltd (Communication Services)
Equity, Since 30 Apr 24 | BHARTIHEXA3% ₹161 Cr 1,235,794 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 30 Sep 22 | APLAPOLLO3% ₹161 Cr 1,117,934 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 30 Jun 23 | PRESTIGE3% ₹160 Cr 1,418,018
↑ 300,000 PB Fintech Ltd (Financial Services)
Equity, Since 31 May 24 | 5433903% ₹148 Cr 1,008,585
↑ 25,500 Aditya Birla Sun Life Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 3.75% Equity 96.25% Equity Sector Allocation
Sector Value Financial Services 20.13% Basic Materials 17.17% Consumer Cyclical 15.68% Health Care 12.4% Industrials 11.14% Technology 7.36% Real Estate 3.6% Consumer Defensive 3.23% Utility 2.75% Communication Services 1.39% Energy 0.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 May 17 | 5328434% ₹180 Cr 2,938,828
↓ -161,172 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Dec 14 | CHOLAHLDNG3% ₹158 Cr 964,000 Torrent Power Ltd (Utilities)
Equity, Since 31 Oct 19 | 5327793% ₹139 Cr 1,100,000 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 23 | SHRIRAMFIN3% ₹139 Cr 2,244,070 Gujarat Fluorochemicals Ltd Ordinary Shares (Basic Materials)
Equity, Since 30 Sep 19 | FLUOROCHEM3% ₹138 Cr 384,431 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Nov 19 | 5406113% ₹136 Cr 2,407,000 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 28 Feb 21 | 5322963% ₹128 Cr 1,000,000 United Breweries Ltd (Consumer Defensive)
Equity, Since 31 Jul 21 | 5324783% ₹127 Cr 652,792 Max Financial Services Ltd (Financial Services)
Equity, Since 28 Feb 17 | 5002712% ₹122 Cr 1,225,565 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Aug 20 | KPRMILL2% ₹120 Cr 1,500,000
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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