ICICI Prudential Midcap 150 Index is an open-ended index scheme replicating Nifty Midcap 150 Index.
| Good to know What is an index fund? It is a mutual fund which tracks or replicates an index, such as the Nifty50, or the Sensex. An index fund provides a broad exposure to the markets and has a low expense ratio and portfolio turnover. It basically follows a passive style of investing. |
Investment objective
ICICI Prudential Midcap 150 Index provides exposure to the investors to the midcap segment of the market. The scheme will invest in well-diversified Nifty Midcap 150 index constituents spread across key industries.
Nifty Midcap Index has consistently outperformed Nifty50 and Nifty Smallcap Index for over the last 10 years. It has also outperformed other indices in the long term (5 years) based on SIP returns. Based on calendar year returns, Nifty Midcap 150 Index has outperformed Nifty50 Index 7 times in the last 10 years.
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Asset allocation
| Instrument | Allocation (% of total assets) | Risk profile | |
| Minimum | Maximum | ||
| Equity and equity-related securities constituting Nifty 150 Midcap Index | 95 | 100 | Medium to high |
| Debt and money market instruments | 0 | 5 | Low to medium |
| Units of Debt ETFs | 0 | 5 | Low to medium |
Scheme details
| Name | ICICI Prudential Midcap 150 Index Fund |
| Type | An open-ended Index scheme replicating Nifty Midcap 150 Index |
| Category | Equity scheme |
| Benchmark | Nifty Midcap 150 Index |
| Entry/exit load | Entry: Not applicable Exit Load: Nil |
| Fund Manager | Mr. Kayzad Eghlim Mr. Nishit Patel |
| Minimum application amount | ₹100 and in multiples of ₹1. |
| Expense ratio | Up to 1.00% |
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| This product is suitable for investors who are seeking*: | Riskometer |
| -Long term capital growth. -A scheme which will invest in equity and equity related securities of Nifty Midcap 150 Index. |
**Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by ICICI Prudential Asset Management Company. To read the entire document, click here.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.