ICICI Prudential MidCap Fund vs HSBC Midcap Fund
ICICI Prudential MidCap 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 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 28 Nov 2022 – 20 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 MidCap Fund | HSBC Midcap Fund | Nifty Midcap 150 |
|---|---|---|---|
| 28 Nov 2022 | ₹100.00 | ₹100.00 | ₹100.00 |
| 21 Mar 2023 | ₹92.98 | ₹95.53 | ₹94.03 |
| 13 Jul 2023 | ₹106.43 | ₹110.34 | ₹112.44 |
| 03 Nov 2023 | ₹112.95 | ₹123.30 | ₹123.23 |
| 25 Feb 2024 | ₹143.85 | ₹151.22 | ₹150.92 |
| 17 Jun 2024 | ₹170.80 | ₹177.68 | ₹172.11 |
| 09 Oct 2024 | ₹177.06 | ₹196.53 | ₹182.26 |
| 30 Jan 2025 | ₹157.69 | ₹167.42 | ₹162.27 |
| 23 May 2025 | ₹169.80 | ₹179.25 | ₹173.58 |
| 14 Sep 2025 | ₹179.94 | ₹193.96 | ₹179.34 |
| 05 Jan 2026 | ₹193.03 | ₹198.07 | ₹187.56 |
| 29 Apr 2026 | ₹201.13 | ₹210.29 | ₹184.70 |
| 20 Aug 2026 | ₹210.93 | ₹233.87 | ₹194.49 |
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 MidCap Fund and HSBC Midcap Fund share 25% of their equity book by weight.
Shared holdings — ICICI Prudential MidCap Fund vs HSBC Midcap Fund
| Stock | ICICI Prudential MidCap 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 ₹393.27 Very High risk ★★★☆☆ | HSBC · Direct NAV ₹542.11 Very High risk ★★★★☆ | Category median Mid Cap Fund · 34 funds |
|---|---|---|---|
| +16.71% | +21.43%Best in row | +9.87% | |
| +24.41% | +26.45%Best in row | +19.74% | |
| +19.53% | — | +17.84% | |
| +17.57% | — | +17.01% | |
| +19.56% | +25.61%Best in row | +19.29% | |
| +20.96% | +24.09%Best in row | — | |
| +19.37% | +26.34%Best in row | +20.53% | |
| +18.04% | — | +19.07% | |
| +18.49% | — | +18.49% | |
| Risk | |||
| 17.72%Best in row | 18.55% | 16.20% | |
| 1.01 | 1.07Best in row | 0.83 | |
| 1.38 | 1.45Best in row | 1.14 | |
| -44.04% | -25.96%Best in row | -32.95% | |
| +5.50% | +7.31%Best in row | +2.33% | |
| 1.00 | 1.03 | 0.94 | |
| 108.2% | 116.4%Best in row | 98.4% | |
| 83.6%Best in row | 88.2% | 87.8% | |
| 1.11%Best in row | 1.20% | 0.97% | |
| ₹7,594Cr | ₹13,701Cr | ₹7,594Cr | |
| ₹100 | ₹500 | — | |
| 75% | 7% | 40% | |
| Lalit Kumar | Mayank Chaturvedi | — | |
| 02 Jan 2013 | 28 Nov 2022 | — | |
| 80 | 81 | — | |
| 38.0% | 37.0% | — | |
| 2.1% | 1.1% | — | |
4 rows carry the same value for every fund — show
- Benchmark
- Nifty Midcap 150
- Exit load
- Up to 1.00%
- 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 MidCap Fund or HSBC Midcap Fund?
Over the last 3 years, HSBC Midcap Fund returned +26.45% CAGR against ICICI Prudential MidCap Fund's +24.41%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — ICICI Prudential MidCap Fund or HSBC Midcap Fund?
ICICI Prudential MidCap Fund has the lower expense ratio: ICICI Prudential MidCap Fund charges 1.11% a year against HSBC Midcap Fund's 1.20%. 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 MidCap Fund or HSBC Midcap Fund?
HSBC Midcap Fund has shown higher volatility (+18.55% annualized vs ICICI Prudential MidCap Fund's +17.72%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: ICICI Prudential MidCap Fund -21.27% vs HSBC Midcap Fund -25.96%.
Which fund manages more money — ICICI Prudential MidCap Fund or HSBC Midcap Fund?
HSBC Midcap Fund is the larger fund: ICICI Prudential MidCap Fund manages ₹7,594Cr 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 MidCap 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.