ICICI Prudential Mid Cap Fund vs HSBC Midcap Fund
ICICI Prudential Mid Cap Fund (Direct) and HSBC Midcap Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Mid Cap Fund schemes — see the best mid cap mutual funds for the full ranking.
Head to head
NAVs as of 25 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 28 Nov 2022 – 25 Aug 2026, limited by HSBC Midcap Fund. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one.
View as table
| Date | ICICI Prudential Mid Cap Fund | HSBC Midcap Fund | Nifty Midcap 150 |
|---|---|---|---|
| 28 Nov 2022 | ₹100.00 | ₹100.00 | ₹100.00 |
| 22 Mar 2023 | ₹93.20 | ₹95.83 | ₹94.29 |
| 14 Jul 2023 | ₹107.28 | ₹111.20 | ₹113.57 |
| 05 Nov 2023 | ₹112.95 | ₹123.30 | ₹123.23 |
| 26 Feb 2024 | ₹143.66 | ₹150.69 | ₹150.45 |
| 19 Jun 2024 | ₹169.81 | ₹176.89 | ₹171.23 |
| 11 Oct 2024 | ₹177.93 | ₹198.59 | ₹182.76 |
| 02 Feb 2025 | ₹160.23 | ₹170.87 | ₹165.07 |
| 27 May 2025 | ₹170.52 | ₹180.49 | ₹174.91 |
| 18 Sep 2025 | ₹182.96 | ₹197.13 | ₹182.10 |
| 09 Jan 2026 | ₹186.61 | ₹194.03 | ₹182.82 |
| 03 May 2026 | ₹199.21 | ₹209.07 | ₹182.94 |
| 25 Aug 2026 | ₹212.85 | ₹234.37 | ₹194.78 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
ICICI Prudential Mid Cap Fund and HSBC Midcap Fund share 25% of their equity book by weight.
Shared holdings — ICICI Prudential Mid Cap Fund vs HSBC Midcap Fund
| Stock | ICICI Prudential Mid Cap Fund | HSBC Midcap Fund | |
|---|---|---|---|
| Bharat Forge Ltd | 3.28% | 3.22% | 3.22% |
| PB Fintech Ltd | 2.99% | 3.80% | 2.99% |
| Apar Industries Ltd | 5.59% | 2.58% | 2.58% |
| Nippon Life India Asset Management Ltd | 2.49% | 2.41% | 2.41% |
| GE T&D India Ltd | 2.31% | 4.02% | 2.31% |
| Hitachi Energy India Ltd | 2.10% | 2.56% | 2.10% |
| Multi Commodity Exchange Of India Ltd | 4.58% | 1.65% | 1.65% |
| Polycab India Ltd | 1.25% | 1.23% | 1.23% |
| Kei Industries Ltd | 3.09% | 1.20% | 1.20% |
| Navin Fluorine International Ltd | 1.91% | 1.13% | 1.13% |
| BSE Ltd | 5.09% | 0.97% | 0.97% |
| Lenskart Solutions Ltd. | 0.91% | 3.88% | 0.91% |
| Jindal Steel & Power Ltd | 3.85% | 0.60% | 0.60% |
| National Aluminium Company Ltd | 0.91% | 0.49% | 0.49% |
| Schaeffler India Ltd | 1.55% | 0.41% | 0.41% |
9 more stocks in common. 24 shared of 80 / 81 positions. Weights are shown as a share of each fund's equity book.
| Metric | ICICI Prudential · Direct NAV ₹396.85 Very High risk ★★★☆☆ | HSBC · Direct NAV ₹543.27 Very High risk ★★★★☆ | Category median Mid Cap Fund · 34 funds |
|---|---|---|---|
| +18.20% | +21.97%Best in row | +10.83% | |
| +24.45% | +26.12%Best in row | +19.52% | |
| +19.68% | — | +17.85% | |
| +17.74% | — | +17.11% | |
| +19.61% | +25.58%Best in row | +19.35% | |
| +21.45% | +24.38%Best in row | — | |
| +19.44% | +26.69%Best in row | +20.63% | |
| +18.04% | — | +19.07% | |
| +18.52% | — | +18.52% | |
| Risk | |||
| 17.72%Best in row | 18.56% | 16.16% | |
| 1.01 | 1.06 | 0.79 | |
| 1.39 | 1.43 | 1.09 | |
| -44.04% | -25.96%Best in row | -32.95% | |
| +5.76% | +7.33%Best in row | +2.42% | |
| 1.00 | 1.03 | 0.94 | |
| 109.0% | 116.5%Best in row | 98.7% | |
| 83.6%Best in row | 88.2% | 87.8% | |
| 1.11%Best in row | 1.19% | 0.96% | |
| ₹7,954Cr | ₹13,701Cr | ₹7,889Cr | |
| 1.00% | Up to 1.00% | — | |
| ₹100 | ₹500 | — | |
| 75% | 7% | 40% | |
| Sharmila D'Silva · 4.2y | Mayank Chaturvedi | — | |
| 02 Jan 2013 | 28 Nov 2022 | — | |
| 80 | 81 | — | |
| 38.0% | 37.0% | — | |
| 2.1% | 1.1% | — | |
3 rows carry the same value for every fund — show
- Benchmark
- Nifty Midcap 150
- Lock-in
- None
- Min lumpsum
- ₹5.00K
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — ICICI Prudential Mid Cap Fund or HSBC Midcap Fund?
Over the last 3 years, HSBC Midcap Fund returned +26.12% CAGR against ICICI Prudential Mid Cap Fund's +24.45%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — ICICI Prudential Mid Cap Fund or HSBC Midcap Fund?
ICICI Prudential Mid Cap Fund has the lower expense ratio: ICICI Prudential Mid Cap Fund charges 1.11% a year against HSBC Midcap Fund's 1.19%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — ICICI Prudential Mid Cap Fund or HSBC Midcap Fund?
HSBC Midcap Fund has shown higher volatility (+18.56% annualized vs ICICI Prudential Mid Cap Fund's +17.72%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: ICICI Prudential Mid Cap Fund -21.27% vs HSBC Midcap Fund -25.96%.
Which fund manages more money — ICICI Prudential Mid Cap Fund or HSBC Midcap Fund?
HSBC Midcap Fund is the larger fund: ICICI Prudential Mid Cap Fund manages ₹7,954Cr against HSBC Midcap Fund's ₹13,701Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are ICICI Prudential Mid Cap Fund and HSBC Midcap Fund in the same category?
Yes — both are Mid Cap Fund schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.