ICICI Prudential Midcap Fund - Growth

93.96

( NAV change from the previous, NAV as on 11/11/2019 )

Launch Date

2004-10-28 00:00:00.0

AUM

NA
(as on date NA)

Benchmark

NIFTY Midcap 150 TRI

Fund Manager

Mr. Mittul Kalawadia and Mr. Mrinal Singh

Risk: Moderately High

ICICI Prudential Midcap Fund Overview

ICICI Prudential Mutual Fund is one of the most popular and trusted mutual funds. It is a joint venture between ICICI Bank , one of the leading private sector bank and Prudential Plc, leading UK based financial service company. ICICI Prudential Midcap Fund is an open-ended equity fund scheme which invests in mid-cap companies. Generally, mid-cap companies generate a good return for the investor. The investment objective of this fund is to invests in diversified mid-cap stocks and yield a long-term capital appreciation. ICICI Prudential Midcap Fund has 91.27% investment in Indian stocks of which 6.12% is in large cap stocks, 61.64% is in mid cap stocks, 21.68%in small cap stocks. If you are planning for long term investment you can go for ICICI Prudential Midcap Fund Invest online. You can invest in both ICICI Prudential Midcap Fund Growth and ICICI Prudential Midcap Fund Dividend way. But it is better if you invest in ICICI Prudential Midcap Fund Growth.

ICICI Prudential Midcap Fund Eligibility Criteria

  • Individual should be an Indian Citizen
  • Minor through parent/lawful guardian
  • Foreign Institutional Investors
  • Financial Institutions and Investment Institutions
  • Non-resident Indians/Persons of Indian origin residing abroad
  • Association of Persons
  • Partner(s) of Partnership Firms.
  • Societies
  • Karta of Hindu Undivided Family
  • Companies
  • Trusts

Documents Required

Along with the KYC application of the applicant, following are the essential documents for investing in ICICI Mutual Fund-

  • PAN Card
  • ID Proof- AADHAR Card, Voter ID Card.
  • Residential Proof
  • Passport size Photographs
  • Duly filled application form
  • KYC Acknowledgement
  • Declaration of 3rd party (for minors)

Advantages of ICICI Prudential Midcap Fund

  • Transparency

    Investors are given the clear picture of where their money is being invested. Transparency in the whole mutual fund investment process is maintained.

  • Professional Management of Funds

    Professional Money Managers decides ICICI PRUDENTIAL Midcap Fund Investments after market research and economic trends.

  • Liquidity

    Investment in this Mutual Fund ensure liquidity. Investors can redeem on demand depending on the markets.

  • Risk Diversified

    This investment has low risk level.

  • Tax Benefit

    Dividends from Mutual Fund are tax-free. Capital Gain from ICICI PRUDENTIAL MidcapMutual Fund is considered as long-term capital appreciation and is tax-free.

  • Unlimited investment option

    ICICI PRUDENTIAL MidcapFund provide its customers with different investment option depending on their investment objective.

  • Govt. regulated investment

    We all know that this fund is under the regulation of Securities and Exchange Board of India (SEBI). So, there is no chance of forgery.

  • Small investment option

    With the help of this scheme, you can invest a huge amount as well as small amount as per your capability.

  • Easy Tracking

    You can keep an easy access to your investment process and its whereabouts. You can check the NAV details and the price of the market stock in no time.

  • Fund switched facility

    You can anytime switch your investment from one fund to other fund as per your wish.

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