Funds/Mid Cap Fund/ICICI Prudential Midcap Fund

ICICI Prudential Midcap Fund

ICICI Prudential Mutual Fund·Mid Cap Fund·vs Nifty Midcap 150 TRI

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	3M	6M	1Y	3Y CAGR	5Y CAGR
Direct Growth	₹374.1700	+5.51%	—	—	—	—	—
Regular Growth	₹331.7200	+5.45%	+4.05%	+6.23%	+19.47%	+25.73%	+20.58%
Direct IDCW	₹69.3100	+5.51%	—	—	—	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

22.30%

Top 10 Weight

38.24%

Active Share

—

Large Cap

10.02%

Gini

0.538

What Changed2026-03-31 → 2026-04-30

Holdings: 83 → 87+6 added−2 removed32 weight shifts ≥ 0.1%

Stock	Sector	Weight
Steel Authority Of India Ltd.	Ferrous Metals	0.72%
Vedanta Aluminium Metal Ltd.	Non - Ferrous Metals	0.54%
Vedanta Iron And Steel Ltd.	Ferrous Metals	0.54%
Malco Energy Ltd.	Power	0.54%
Talwandi Sabo Power Ltd.	Power	0.54%
Thermax Ltd.	Electrical Equipment	0.16%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Multi Commodity Exchange Of India Ltd. INE745G01043	Capital Markets	EQUITY	4.88%
2	BSE Ltd. INE118H01025	Capital Markets	EQUITY	4.87%
3	Jindal Steel Ltd. INE749A01030	Ferrous Metals	EQUITY	4.51%
4	Apar Industries Ltd. INE372A01015	Electrical Equipment	EQUITY	4.30%
5	Muthoot Finance Ltd. INE414G01012	Finance	EQUITY	3.74%
6	APL Apollo Tubes Ltd. INE702C01027	Industrial Products	EQUITY	3.59%
7	Jindal Stainless Ltd. INE220G01021	Ferrous Metals	EQUITY	3.15%
8	Hindustan Petroleum Corporation Ltd. INE094A01015	Petroleum Products	EQUITY	3.14%
9	PB Fintech Ltd. INE417T01026	Financial Technology (Fintech)	EQUITY	3.11%
10	UPL Ltd. INE628A01036	Fertilizers & Agrochemicals	EQUITY	2.94%
11	Bharat Forge Ltd. INE465A01025	Auto Components	EQUITY	2.93%
12	KEI Industries Ltd. INE878B01027	Industrial Products	EQUITY	2.69%
13	Prestige Estates Projects Ltd. INE811K01011	Realty	EQUITY	2.65%
14	Nippon Life India Asset Management Ltd INE298J01013	Capital Markets	EQUITY	2.20%
15	Ge Vernova T&D India Ltd. INE200A01026	Electrical Equipment	EQUITY	2.12%
16	Cummins India Ltd. INE298A01020	Industrial Products	EQUITY	2.07%
17	Hitachi Energy India Ltd. INE07Y701011	Electrical Equipment	EQUITY	2.05%
18	K.P.R. Mill Ltd. INE930H01031	Textiles & Apparels	EQUITY	1.90%
19	Escorts Kubota Ltd INE042A01014	Agricultural, Commercial & Construction Vehicles	EQUITY	1.82%
20	Godrej Properties Ltd. INE484J01027	Realty	EQUITY	1.80%

Sector Allocation

Capital Markets13.5%

Industrial Products12.4%

Ferrous Metals8.9%

Electrical Equipment8.6%

Auto Components8.4%

Realty5.5%

Chemicals & Petrochemicals5.4%

Fertilizers & Agrochemicals4.3%

Finance4.2%

Consumer Durables3.5%

Top 10 sectors by % to NAV. Excludes derivatives.