ICICI Prudential Midcap Fund
The manager is positioning for a cyclical recovery, with pronounced overweights in capital markets infrastructure, industrial metals, and manufacturing—sectors poised to benefit from economic expansion. The significant tilts toward ferrous metals and industrial products, reinforced by fresh positions in steel and aluminium stocks, signal conviction in commodity-linked demand. The modest cash buffer and concentrated top-10 holdings suggest an aggressive, conviction-driven approach, though the trimming of Vedanta indicates some caution on commodity valuations.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹378.8600 | +3.94% | — | — | — |
| Regular Growth | ₹335.8700 | +3.88% | +18.43% | +26.12% | +20.88% |
| Direct IDCW | ₹70.1800 | +3.94% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Steel Authority Of India Ltd. | 0.72% |
| Vedanta Aluminium Metal Ltd. | 0.54% |
| Vedanta Iron And Steel Ltd. | 0.54% |
| Malco Energy Ltd. | 0.54% |
| Talwandi Sabo Power Ltd. | 0.54% |
| Thermax Ltd. | 0.16% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Multi Commodity Exchange Of India Ltd. INE745G01043 | 4.88% |
| 2 | BSE Ltd. INE118H01025 | 4.87% |
| 3 | Jindal Steel Ltd. INE749A01030 | 4.51% |
| 4 | Apar Industries Ltd. INE372A01015 | 4.30% |
| 5 | Muthoot Finance Ltd. INE414G01012 | 3.74% |
| 6 | APL Apollo Tubes Ltd. INE702C01027 | 3.59% |
| 7 | Jindal Stainless Ltd. INE220G01021 | 3.15% |
| 8 | Hindustan Petroleum Corporation Ltd. INE094A01015 | 3.14% |
| 9 | PB Fintech Ltd. INE417T01026 | 3.11% |
| 10 | UPL Ltd. INE628A01036 | 2.94% |
| 11 | Bharat Forge Ltd. INE465A01025 | 2.93% |
| 12 | KEI Industries Ltd. INE878B01027 | 2.69% |
| 13 | Prestige Estates Projects Ltd. INE811K01011 | 2.65% |
| 14 | Nippon Life India Asset Management Ltd INE298J01013 | 2.20% |
| 15 | Ge Vernova T&D India Ltd. INE200A01026 | 2.12% |
| 16 | Cummins India Ltd. INE298A01020 | 2.07% |
| 17 | Hitachi Energy India Ltd. INE07Y701011 | 2.05% |
| 18 | K.P.R. Mill Ltd. INE930H01031 | 1.90% |
| 19 | Escorts Kubota Ltd INE042A01014 | 1.82% |
| 20 | Godrej Properties Ltd. INE484J01027 | 1.80% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Midcap Fund hold?
ICICI Prudential Midcap Fund holds 84 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 22.30% of NAV.
What is the largest holding in ICICI Prudential Midcap Fund?
The largest position in ICICI Prudential Midcap Fund is Multi Commodity Exchange Of India Ltd., accounting for 4.88% of NAV in the Capital Markets sector.
Is ICICI Prudential Midcap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.538, ICICI Prudential Midcap Fund is moderately concentrated. The HHI concentration index is 23,887 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 22.30% of the portfolio.
What is the market cap allocation of ICICI Prudential Midcap Fund?
Based on SEBI's AMFI classification, ICICI Prudential Midcap Fund's equity portfolio is split as: Large Cap: 10.02%, Mid Cap: 70.74%, Small Cap: 10.21%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Midcap Fund invest in most?
ICICI Prudential Midcap Fund has the highest allocation to Capital Markets (13.50%), Industrial Products (12.43%), Ferrous Metals (8.93%). The fund is invested across 29 sectors in total.
How actively managed is ICICI Prudential Midcap Fund compared to other Mid Cap Fund funds?
ICICI Prudential Midcap Fund has an Active Share of 68.96%, classifying it as "Active Stock Picker" among 30 Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in ICICI Prudential Midcap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Midcap Fund added 6 new stocks (including Steel Authority Of India Ltd.) and exited 2 stocks (including Affle India Ltd.). Total holding count increased from 83 to 87 stocks.