ICICI Pru Midcap
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Min amount: 1000
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|Indian Hotels Co Ltd||5.79%|
|Exide Industries Ltd||4.52%|
|PI Industries Ltd||3.87%|
|Tata Chemicals Ltd||3.72%|
|Mahindra & Mahindra Financial Services Ltd||2.98%|
|Thomas Cook India Ltd||2.95%|
|Fortis Healthcare Ltd||2.84%|
|AIA Engineering Ltd||2.79%|
|Jubilant Foodworks Ltd||2.7%|
|Max Financial Services Ltd||2.6%|
About ICICI Prudential Midcap Fund
The ICICI Prudential Midcap Fund is an open-ended midcap (equity) fund. It seeks to generate capital appreciation by active investments in diversified midcap stocks.
Pros & Cons of ICICI Prudential Midcap Fund
ICICI Prudential NV20 ETF offers the following benefits: 1. The scheme follows an investment philosophy of applying a bottom-up approach while picking stocks from the mid cap segment. 2. It focuses on companies which have the potential of providing capital appreciation in the long-term. 3. As on September 30, 2018, the scheme is ranked 3 in the Midcap Fund category by CRISIL. Further, it has generated 20.42 percent per year returns over the last 10 years (as on December 31, 2018).
Fund Information and Statistics of ICICI Prudential Midcap Fund
i) Inception / Launch date
The scheme was launched on 28 October 2004 by ICICI Prudential Mutual Fund.
ii) Risk level
The scheme is suitable for investors seeking long-term wealth creation and invests in diversified midcap companies. It has a moderately-high risk level.
The minimum amount for the redemption of units is Rs. 500 or all units where the amount is below Rs.500. Further, the Mutual Fund will dispatch the redemption proceeds within 10 business days of the receipt of a valid redemption request at the official points of acceptance of CAMS or branches of the AMC.
iv) Fund Manager
Mr. Mrinal Singh (since May 2011) and Mr. Mittul Kalawadia (since April 2016) are the Fund Managers of ICICI Prudential Midcap Fund.
v) Entry / Exit load
There is no entry load in this scheme. The exit load structure is as follows: 1. If the units are redeemed one year after being allotted or switched in, then the exit load is Zero. 2. If the units are redeemed within one year of being allotted or switched in, then the exit load is 1% of the NAV.
Tax benefits of investing in ICICI Prudential Midcap Fund
The following taxes are applicable to income arising from investing in this scheme: 1. STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units. 2. Long term capital gains, in excess of Rs 1 lakh, (units are held for a period of more than 12 months) component is taxed at 10 percent without indexation benefits on the redemption of units.
About ICICI Mutual Fund
ICICI Prudential Balanced Advantage Fund is managed by ICICI Mutual Fund AMC, one of India’s largest Fund houses with a proven track record of delivering returns. The fund has been on the forefront of financial innovation leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt.
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Min amount: 1000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns