Details of ICICI Prudential Midcap 150 Index Fund NFO

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Name of the NFO: ICICI Prudential Midcap 150 Index Fund

About NFO:

The Indian Stock Market is on the path to recovery and a flexible trend has been observed recently in the equity markets. Mid Cap stocks have a greater potential than large caps to grow their sales and profits.

ICICI Prudential Midcap 150 Index Fund helps investors capitalise on wealth creation opportunities and achieve long term capital growth.

The ICICI Prudential Midcap 150 Index Fund is an open-ended Index fund scheme that aims to passively track the Nifty Midcap 150 Index and provide returns corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses. 

Type of NFO: Open-Ended

Category : Index Fund

NFO Period: NFO open from December 3, 2021 to December 17, 2021

Minimum application amount: Minimum investment of Rs 100

Investment Objective: The investment objective of the scheme is to offer returns corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the scheme would be met.

Benchmark: Nifty Midcap 150 TRI

Exit load:NIL

Risk in the scheme


Suitable for investors with higher risk tolerance

NFO Portfolio Snapshot: 

SecuritiesWeightageSectorsWeight (%)
Adani Total Gas Ltd2.27% Financial Services17.74
Tata Power Co. Ltd2.08% Consumer Goods11.11
SRF Ltd.1.76% Industrial Manufacturing9.59
Shriram Transport Finance Co. Ltd1.66% Automobile8.64
Mindtree Ltd.1.65% IT7.85
Voltas Ltd1.60% Chemicals7.33
Zee Entertainment Enterprises Ltd1.59% Pharma6.59
Crompton Greaves Consumer Electrical Ltd.1.58% Oil & Gas5.54
Mphasis Ltd.1.53% Power3.84
AU Small Finance Bank Ltd1.53% Consumer Services3.38

Fund Managers: Kayzad Eghlim & Nishit Patel

Who should invest in the NFO?

  • ICICI Prudential Midcap 150 Index Fund is suitable for investors who want to invest in midcap companies that may become tomorrow’s market leaders. 
  • The scheme is suitable for investors who are comfortable with the high- risk high-reward equation and are willing to invest for five or more years.
  • The scheme offers diversification to investors who are looking to invest across various sectors and industries.
  • It invests mainly in companies with market capitalisation between the lowest and the highest market capitalization among the constituents of the Nifty Midcap 150 Index.

Benefits of investing in the NFO :

  • MidCap Exposure: Provides exposure to the midcap segment of the market, as the scheme will invest in well diversified Nifty Midcap 150 index constituents spread across key sectors and industries.
  • Economic Growth: The Midcap index historically outperforms Large cap indices during an economic boom.
  • Systematic Features: Investors can avail of the benefit of Systematic  Investment Plan (SIP), Systematic Transfer Plan  (STP) etc.
  • Size Migration: Aims to participate in the growth story of many of the top midcap stocks having the potential to become large caps over time.
  • Low Capital Requirement: Offers investors exposure to all 150 Midcap stocks for a minimum investment of Rs 100.
  • Non-Demat Holders:  Allows non demat account holders exposure to the midcap segment of the market.

Conclusion: 

Investors with higher risk tolerance and a longer time horizon comfortable with mid-cap stocks can invest in ICICI Prudential Midcap 150 Index Fund.