ReviewDirect · GrowthPrefer peers first
ICICI Prudential Mid Cap Fund
ICICI Prudential Mutual FundEquity Schemes - Mid Cap Fund13.8 years
This scheme 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.
- NAV
- 368.53
- 4 Nov 2026
- 1Y
- +6.1%
- Trailing CAGR
- Upside capture
- +94%
- Vs NIFTY MIDCAP 150 TRI
- Downside capture
- +90%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 4 Nov 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Invesco India Mid Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.11% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -44.0%. Ask whether you can hold through a similar fall.
Vs category
Fail
16% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Lalit Kumar · 4.2 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 40.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 44%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.1%
- 3Y+20.5%
- 5Y+15.4%
- 10Y+16.4%
- SI+18.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+2.6%
- 3Y+10.9%
- 5Y+16.8%
- 10Y+18.0%
- Since inception
- +18.7%
- Calendar-day CAGR
- Excess 1Y
- +3.9%
- Category median, same plan and option
- 3Y win rate
- +16%
- Windows beating the median
- 3Y percentile
- 78
- Vs comparable share classes
- SIP 3Y XIRR
- +10.9%
- Simulated monthly SIP
- Worst rolling 3Y
- -9.9%
- 2671 daily-ending windows
- Median rolling 3Y
- +21.1%
- Calendar-day CAGR
- Positive rolling 5Y
- +99%
- 2178 daily-ending windows
Official benchmark
Date-aligned against NIFTY MIDCAP 150 TRI. Capture ratios use common month-end observations through 5 Nov 2026.
- 1Y excess
- +6.6%
- Fund minus TRI
- 3Y excess
- +6.0%
- Fund minus TRI
- Upside capture
- +94%
- Benchmark-up months
- Downside capture
- +90%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -44.0%
- Worst peak-to-trough
- Current
- -7.7%
- Below last peak
- Current spell
- 68 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 13 days
- 145 recovered episodes
- Longest recovery
- 254 days
- Trough to prior peak
8 Jan 2018 – 2 Dec 2020
Trough 23 Mar 2020 · recovered in 254 days
-44.0%
7 Jan 2013 – 20 Dec 2013
Trough 28 Aug 2013 · recovered in 114 days
-24.5%
5 Aug 2015 – 31 Aug 2016
Trough 29 Feb 2016 · recovered in 184 days
-22.6%
24 Sept 2024 – 26 Jun 2025
Trough 7 Apr 2025 · recovered in 80 days
-21.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
78
Vs category
74
Consistency
28
Risk-adjusted
64
Drawdown
0
Mean
49
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 81 holdings · top 10 are 40.0%.
- Top 5
- 24.8%
- Top 10
- 40.0%
- Largest holding
- 6.0%
- Effective holdings
- 38.1
Apar Industries Ltd
Diversified
6.0%
Hindustan Petroleum Corporation Ltd
Energy & Utilities
5.4%
Multi Commodity Exchange Of India Ltd
Financial
5.4%
Jindal Steel & Power Ltd
Materials
4.0%
APL Apollo Tubes Ltd
Industrials
4.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Invesco India Mid Cap Fund
Invesco Mutual Fund
- 1Y
- +4.7%
- 3Y
- +22.9%
- Vol
- 16.1%
- Max DD
- -34.1%
- Sharpe
- 0.90
- 3Y win
- +52%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
WhiteOak Capital Mid Cap Fund
WhiteOak Capital Mutual Fund
- 1Y
- +6.4%
- 3Y
- +20.8%
- Vol
- 14.8%
- Max DD
- -19.3%
- Sharpe
- 1.03
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Helios Mid Cap Fund
Helios Mutual Fund
- 1Y
- +7.4%
- 3Y
- n/a
- Vol
- 16.7%
- Max DD
- -16.7%
- Sharpe
- 0.98
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
HSBC Midcap Fund
HSBC Mutual Fund
- 1Y
- +13.8%
- 3Y
- +21.9%
- Vol
- 17.2%
- Max DD
- -26.0%
- Sharpe
- 0.96
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
JM Mid Cap Fund
JM Financial Mutual Fund
- 1Y
- +5.5%
- 3Y
- +18.2%
- Vol
- 16.8%
- Max DD
- -22.5%
- Sharpe
- 0.92
- 3Y win
- +53%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns