Investment Objective and Approach

The ICICI Prudential Midcap Fund aims to generate long term capital appreciation by investing in diversified midcap stocks portfolio. It will predominantly invest in companies with market capitalization falling between the lowest and the highest market capitalisation among the constituents of Nifty Midcap 100 Index.

The fund follows an active investment strategy focused on mid-cap companies that have the potential for significant growth. The investment approach centers around identifying fundamentally strong companies in the mid-cap space that can deliver superior returns over the long term. The fund managers use a bottom-up stock selection process, analyzing companies based on their business fundamentals, growth prospects, and valuation metrics.

Key investment highlights:

- AUM: ₹9,87,232 Cr as of 21 Aug 2025

- Latest NAV: ₹299.19 as of 22-Aug-2025 (Regular Plan)

- Fund Launch: 12 Oct 1993

- Risk Level: Very High risk

- 5-Year Returns: 26.16% annualised return as of 22-Aug-2025

- Expense Ratio: 1.04% as of 13th August 2025 (Direct Plan)

- Exit Load: 1% if redeemed within 1 year

Fund Managers

Mrinal Singh and Mittul Kalawadia are the Current Fund Managers of ICICI Prudential Midcap Direct Plan Growth fund. The fund management team brings extensive experience in equity research and portfolio management, with a proven track record of managing mid-cap investments.

The fund managers employ a disciplined investment approach, focusing on companies with strong business fundamentals, sustainable competitive advantages, and attractive valuations. They maintain a diversified portfolio across various sectors while ensuring optimal risk management through careful stock selection and position sizing.

About the Fund House (AMC)

ICICI Prudential Asset Management Company is a joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, a leading pan-Asia & Africa focused group providing health, protection and savings solutions.

Throughout these years of the joint venture, the company has forged a position of pre-eminence in the Indian Mutual Fund industry. The AMC manages significant Assets under Management (AUM) in the mutual fund segment.

Key highlights of ICICI Prudential AMC:

- Inception: Joint venture established in 1998

- Employee Strength: 3072 employees with a reach across over 350 locations reaching out to an investor base of 97 lakh investors (as on January 31st, 2024)

- Services: Apart from mutual funds, the AMC also offers Portfolio Management Services and International Advisory Mandates

- Asset Classes: Expertise across Debt, Equity and Real Estate investments

- Regulatory Compliance: Registered with SEBI and maintains high standards of governance and transparency

Should I Invest in ICICI Prudential Midcap Fund?

This fund is suitable for investors who:

Investment Suitability:

- Have a high risk tolerance and can withstand market volatility

- Seek long-term capital appreciation over 7+ years

- Want exposure to mid-cap companies with growth potential

- Prefer professional fund management over direct stock picking

Investment Considerations:

- Time Horizon: When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.

- Volatility: This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.

- Investment Method: Like for all equity funds, you must invest only through the SIP route.

Minimum Investment Requirements:

- SIP: ₹100 for the SIP (Systematic Investment Plan) option

- Lumpsum: ₹5,000 for the lump sum option

FAQs

What is today's NAV of ICICI Prudential Midcap Fund?

The latest NAV of ICICI Prudential Midcap Fund is ₹299.19 as of 22-Aug-2025. NAV is updated daily and reflects the current market value of the fund's holdings.

What is the AUM of ICICI Prudential Midcap Fund?

The fund currently has an Asset Under Management (AUM) of ₹9,87,232 Cr as of 21 Aug 2025. This indicates the total market value of assets managed by the fund.

What is the expense ratio of ICICI Prudential Midcap Fund?

The expense ratio is 1.04% as of 13th August 2025 for the Direct Plan. This is the annual fee charged for managing your investments.

What are the returns of ICICI Prudential Midcap Fund since inception?

Over the past five years, ICICI Prudential Midcap Fund has delivered an annualised return of 26.16% as of 22-Aug-2025. However, past performance doesn't guarantee future returns.

What is the minimum SIP amount to invest in ICICI Prudential Midcap Fund?

Minimum SIP Investment is set to ₹100. This makes it accessible for investors to start their investment journey with small amounts.

How do I invest in ICICI Prudential Midcap Fund?

You can invest through Allvest platform, directly from ICICI Prudential website, or through registered distributors. Allvest provides a convenient online platform for seamless investment experience.

How to start a SIP in ICICI Prudential Midcap Fund?

Register with Allvest, complete your KYC, select the fund, choose SIP frequency and amount (minimum ₹100), and set up auto-debit instructions for hassle-free investing.

How do I automate an SIP in ICICI Prudential Midcap Fund?

Through Allvest platform, you can set up auto-debit from your bank account. This ensures your SIP continues automatically without manual intervention each month.

How can I withdraw/redeem my investment in ICICI Prudential Midcap Fund?

Login to your Allvest account, go to your portfolio, select the fund, choose redemption amount, and submit the request. Exit load of 1% if redeemed within 1 year.