ICICI Prudential Midcap 150 Index Fund - A new offering from ICICI Prudential MF

ICICI Prudential Mutual Fund has launched its new passive investment offering - ICICI Prudential Midcap 150 Index Fund. Read on to find out more.

ICICI Prudential Midcap 150 Index Fund seeks to deliver returns that closely correspond with Nifty Midcap 150 Total Returns Index (TRI), subject to any tracking error. The data suggest that over the past 10 years Nifty Midcap Index has consistently outperformed Nifty 50 TRI as well as Nifty Smallcap 250 TRI. 

On the occasion of product launch, Chintan Haria, Head - Product Development and Strategy, ICICI Prudential AMC said, “ICICI Prudential Midcap 150 Index Fund will provide investors exposure to a midcap segment of the market, as the scheme will invest in well-diversified Nifty Midcap index constituents spread across key industries. By investing in this fund, investors can participate in the growth story of many of the midcap stocks that have the potential of becoming large caps.” 

Risk-adjusted performance 

Note: The above calculation is considering the return and standard deviation of the total return indices over the last 10 years. 

Top 10 constituents and sectors of Nifty Midcap 150 TRI 

Note: The above data is as of October 31, 2021 

The New Fund Offer (NFO) has opened on December 3, 2021, and would be closing on December 17, 2021. The minimum investment required during NFO is Rs 100 (plus in multiples of Rs 1).