EquityMid Cap FundRegularIDCWVery High

ICICI Prudential Mid Cap Fund

Q: What is the NAV of ICICI Prudential Mid Cap Fund?

As of 06 Oct 2026, the NAV of ICICI Prudential Mid Cap Fund is ₹42.52 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Mid Cap Fund delivered?

ICICI Prudential Mid Cap Fund has returned +0.78% over 1 year, +9.34% per year over 3 years, +5.68% per year over 5 years and +2.89% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ICICI Prudential Mid Cap Fund?

ICICI Prudential Mid Cap Fund charges an expense ratio of 1.84% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Mid Cap Fund?

ICICI Prudential Mid Cap Fund's largest holdings are Apar Industries Ltd. (5.8%), Multi Commodity Exchange Of India Ltd. (5.3%), Hindustan Petroleum Corporation Ltd. (4.5%), Jindal Steel Ltd. (4.0%) and BSE Ltd. (4.0%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Mid Cap Fund?

ICICI Prudential Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.7% and its worst peak-to-trough fall in our sample was -79.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.14 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Mid Cap Fund's 0.14 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Mid Cap Fund?

ICICI Prudential Mid Cap Fund is benchmarked against the Nifty Midcap 150 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Mid Cap Fund?

ICICI Prudential Mid Cap Fund is managed by Lalit Kumar and Sharmila D'silva at ICICI Prudential.

Q: How is ICICI Prudential Mid Cap Fund taxed?

ICICI Prudential Mid Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

ICICI Prudential Mutual Fund · Best Mid Cap Mutual Funds

NAV

₹42.52

+1.50% 1D

as of 06 Oct 2026

This is the Regular plan of ICICI Prudential Mid Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+19.18% 3Y CAGR)

Performance

+0.78%absolute

52-week rangePrev NAV ₹41.89

Latest ₹42.52

Low ₹37.2262nd percentile of its 52-week rangeHigh ₹45.77

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough Mid Cap Fund peers to rank yet

Risk—

Volatility 19.7% (no category average yet)

Cost—

1.8% expense (no category average yet)

ConsistencyLow

67% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

Positive in only 67% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.84%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

31.89

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.14

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

• 1% of the applicable NAV- If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment • NIL - If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment • 1% of the applicable NAV- If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment • NIL - If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment Nil If the amount sought to be redeemed or switched out more than 12 months.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty Midcap 150 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.32%

Absolute return over the last 3 months (not annualized)

-3.23%

Absolute return over the last 6 months (not annualized)

+10.96%

Absolute return since 1 Jan of this year (not annualized)

+4.06%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+0.78%

3-year annualized return (CAGR)

+9.34%

5-year annualized return (CAGR)

+5.68%

10-year annualized return (CAGR)

+4.92%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+2.89%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

19.70%

Excess return per unit of total volatility (rf = 6.5%)

0.14

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.18

Largest peak-to-trough decline over full history

-79.21%

Benchmark ratios (vs Nifty Midcap 150 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Midcap 150 TRI

-3.56%

Sensitivity to Nifty Midcap 150 TRI moves; 1 = moves with the index

0.94

How much of the fund's movement Nifty Midcap 150 TRI explains

80.1%

Excess return per unit of beta (market risk)

2.91

Active return over the benchmark per unit of tracking error

-0.54

Annualized std dev of fund-minus-benchmark returns

8.77%

Fund's share of benchmark gains in up months (100 = matches index)

79.5%

Fund's share of benchmark losses in down months (lower is better)

88.4%

Computed vs the Nifty Midcap 150 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Mid Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-5.32%	—	—
3M abs	-3.23%	—	—
6M abs	+10.96%	—	—
1Y CAGR	+0.78%	—	—
3Y CAGR	+9.34%	—	—
5Y CAGR	+5.68%	—	—

Category average across peers in Mid Cap Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.28L

Absolute

+21.41%

XIRR

+7.94%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Mid Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Midcap 150 TRI	Diff
2026part	+4.06%	-0.79%	+4.85%
2025	+2.00%	+6.24%	-4.24%
2024	+16.45%	+24.74%	-8.29%
2023	+21.73%	+45.27%	-23.54%
2022	-5.86%	+4.09%	-9.95%
2021	+33.90%	+48.31%	-14.41%
2020	+9.58%	+26.10%	-16.52%
2019	-10.54%	—	—
2018	-19.02%	—	—
2017	+15.60%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

5,050

Expense ratio

1.84%

AUM

₹8,094Cr

Portfolio turnover

16%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

31.9

P/B ratio

5.4

Avg market cap

₹72,472Cr

P/E & P/B are portfolio-weighted harmonic means across 65 of 79 equity holdings (86% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Mid Cap Fund

Compare all


ICICI Prudential Mid Cap FundThis fund ICICI Prudential · Regular · IDCW	—	+0.78%	+9.34%	+5.68%	—	1.84%	₹8,094Cr
WhiteOak Capital Mid Cap Fund WhiteOak Capital · Regular · IDCW	—	+9.69%	+19.06%	—	—	2.24%	₹7,096Cr
Edelweiss Mid Cap Fund Edelweiss · Regular · IDCW	—	+3.11%	+18.28%	+14.15%	—	1.87%	₹19,084Cr
JM Mid Cap Fund JM Financial · Regular · IDCW	—	+5.96%	+16.23%	—	—	2.44%	₹1,319Cr
Kotak Mid Cap Fund Kotak Mahindra · Regular · IDCW	—	-0.74%	+14.80%	+14.13%	—	—	₹419.38Cr
Union Midcap Fund Union · Regular · IDCW	—	+4.84%	+14.48%	+12.69%	—	2.39%	₹1,933Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 96% of the equity sleeve priced.

Large cap19.0%
Mid cap73.3%
Small cap7.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.00%
Cash & Equivalents1.99%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ICICI Prudential Multi Cap Fund ICICI Prudential · Multi Cap Fund	45.6%	★★★☆☆	1.01%	+14.70%
ICICI Prudential Large & Mid Cap Fund ICICI Prudential · Large & Mid Cap Fund	37.6%	★★★★★	1.24%	+14.10%
DSP Midcap Fund DSP · Mid Cap Fund	34.0%	★★☆☆☆	0.84%	+12.92%
Baroda BNP Paribas Nifty Midcap 150 Index Fund Baroda BNP Paribas · Index Funds	32.2%	★★☆☆☆	0.58%	—
Tata Nifty Midcap 150 Index Fund Tata · Index Funds	32.2%	★★★☆☆	0.29%	—
Bandhan Mid Cap Fund Bandhan · Mid Cap Fund	32.1%	★★★☆☆	0.76%	+17.50%
Zerodha Nifty Midcap 150 ETF Zerodha · Other ETFs	32.0%	—	0.25%	—
DSP Nifty Midcap 150 Index Fund DSP · Index Funds	32.0%	—	0.42%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

3 holdings — 3.30% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I3.14%
Vedanta Iron and Steel LimitedLong-term · Stage I0.15%
Astec LifeSciences LimitedShort-term · Stage I0.01%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-79.2%04 Jan 2008 → 09 Mar 2009
Fell over 14 months, back to the old high on 13 Sep 2021 — 12.5 years under water after the low.
-45.1%10 May 2006 → 14 Jun 2006
Fell over 35 days, back to the old high on 04 Dec 2007 — 18 months under water after the low.
-28.1%24 Sep 2024 → 07 Apr 2025
Still below that high — 6 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,55,871Cr+3.7% QoQ

Avg AUM · July - September 2026

Website

icicipruamc.com

Fund Managers

LKLalit KumarManaging since 08 Aug 2022

Role

Senior Fund Manager – MF Equity

Education

PGDM – Indian Institute of Management, Calcutta (2010), B.Tech in Electrical Engineering – Indian Institute of Technology, Kanpur (2006) and Chartered Financial Analyst (CFA) (Level II)

Experience

He joined ICICI Prudential Asset Management Company Limited in May 2017 as a Senior Manager and has over 15 years of work experience. Past Experience: ~ East Bridge Advisors Pvt. Ltd – Equity Research Analyst - July 2015 to April 2017. ~ Nomura Financial Advisory & Securities – Equity Research - June 2010 to July 2015. ~ Merrill Lynch – Intern - April 2009 to June 2009. ~ Cypress Semiconductors – Senior Design Engineer - August 2006 to May 2008.

Funds managed (1)

ICICI Prudential Conglomerate Fund

All schemes Lalit Kumar runs →

SDSharmila D'silvaManaging since 08 Aug 2022

Role

Fund Manager – MF Equity

Total experience

Over 8 years

Education

CA and Bachelor of Commerce in Accounting and Finance (BAF)

Experience

Sharmila D’silva is associated with ICICI in Prudential Asset Management Company Limited from September 2016. She is involved in economics research, strategy research and business cycle research.

Funds managed (34)

All schemes Sharmila D'silva runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Lalit Kumar Sharmila D'silva

Top holdings

Apar Industries Ltd.Multi Commodity Exchange Of India Ltd.Hindustan Petroleum Corporation Ltd.Jindal Steel Ltd.BSE Ltd.APL Apollo Tubes Ltd.PB Fintech Ltd.KEI Industries Ltd.Bharat Forge Ltd.Muthoot Finance Ltd.Prestige Estates Projects Ltd.Jindal Stainless Ltd.

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Mid Cap funds

Mid cap funds invest in the 101st–250th largest companies. They can grow faster than large caps but fall harder in downturns — a higher-risk, higher-reward slice of the market.

Frequently asked questions

What is the NAV of ICICI Prudential Mid Cap Fund?

As of 06 Oct 2026, the NAV of ICICI Prudential Mid Cap Fund is ₹42.52 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Mid Cap Fund delivered?

ICICI Prudential Mid Cap Fund has returned +0.78% over 1 year, +9.34% per year over 3 years, +5.68% per year over 5 years and +2.89% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ICICI Prudential Mid Cap Fund?

ICICI Prudential Mid Cap Fund charges an expense ratio of 1.84% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential Mid Cap Fund?

ICICI Prudential Mid Cap Fund's largest holdings are Apar Industries Ltd. (5.8%), Multi Commodity Exchange Of India Ltd. (5.3%), Hindustan Petroleum Corporation Ltd. (4.5%), Jindal Steel Ltd. (4.0%) and BSE Ltd. (4.0%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Mid Cap Fund?

ICICI Prudential Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.7% and its worst peak-to-trough fall in our sample was -79.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.14 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Mid Cap Fund's 0.14 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Mid Cap Fund?

ICICI Prudential Mid Cap Fund is benchmarked against the Nifty Midcap 150 TRI. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Mid Cap Fund?

ICICI Prudential Mid Cap Fund is managed by Lalit Kumar and Sharmila D'silva at ICICI Prudential.

How is ICICI Prudential Mid Cap Fund taxed?

ICICI Prudential Mid Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.