ICICI Pru Midcap 150 Momentum 50 Index Fund

ICICI Prudential Life is launching an open-ended New Fund Offering (NFO) ICICI Prudential Life Midcap 150 Momentum 50 Index Fund on 19 February 2024. This index fund specifically focuses on the momentum strategy by including the top 50 mid-cap stocks exhibiting strong momentum on the benchmark NIFTY Midcap 150 Momentum 50 Index.

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What is the ICICI Pru Midcap 150 Momentum 50 Index Fund?

ICICI Pru Midcap 150 Momentum 50 Index Fund is a market-linked fund that is designed to track and replicate the benchmark Nifty Midcap 150 Momentum 50 Index. 

This ICICI Pru NFO aims to provide you with returns that mirror the performance of the NIFTY midcap 150 momentum 50 index. This index comprises 50 high-momentum mid-cap stocks listed on the NIFTY stock exchange based on returns of the past 6 months and 12 months.

4 Reasons to Invest in IPRUs Midcap 150 Momentum 50 Index Fund4 Reasons to Invest in IPRUs Midcap 150 Momentum 50 Index Fund

Highlights of ICICI Pru Midcap 150 Momentum 50 Index Fund 2024

The key highlights of the ICICI Pru life Midcap 150 Momentum 50 Index Fund are as follows:

Particulars Details
Investment Objective The ICICI Pru Midcap 150 Momentum 50 Fund aims to achieve strong, long-term investment growth by putting money into high-performing mid-sized companies. It particularly invests in funds that are included in the Nifty Midcap 150 index.
Assets Under Management Rs. 2.87 lacs Crores+ (as of 31 December 2023)
Benchmark Index NIFTY Midcap 150 Momentum 50 Index
Benchmark Index Returns Midcap 150 Momentum 50 Index Annualised Returns:
  • 5-Year Returns: 29% p.a.
  • 10-Year Returns: 27% p.a.
Risk Profile High
NFO Launch Date 5 February - 19 February 2024
Fund Launch Date 19 February 2024
Current NAV Rs. 10  
Minimum Investment Rs. 2,000 per month (with ICICI Pru Capital Guarantee Plans)

ICICI Pru Midcap 150 Momentum 50 Index FundICICI Pru Midcap 150 Momentum 50 Index Fund

Why Should You Invest in ICICI Pru Midcap 150 Momentum 50 Index Fund?

You can consider investing in ICICI Pru Midcap 150 Momentum Fund for the following reasons, depending on your investment goals and risk tolerance:

  • Top 50 Mid Cap Stocks: The ICICI Pru Life Midcap 150 Momentum 50 Fund invests exclusively in the top 50 stocks of the NIFTY Mid Cap 150 Momentum 50 index.

  • Proven Track Record with NFOs: The previously launched ICICI Pru New Fund Offerings (NFOs) have demonstrated excellent returns.

    ICICI Pru Life Fund Name Date of Inception Returns Since Inception (RSI)
    Midcap Fund 23 September 2022 35.10%
    Midcap Hybrid Growth Fund 28 February 2023 35.40%
  • Cost-Efficient Plans: The ICICI Pru Signature is a market-linked plan that offers zero premium allocation charge, return of mortality charges, and return of policy administration charges from end of 6th policy year. You can also avail the Waiver of Premium (WoP) option for your nominee relationships.

  • ICICI Pru Capital Guarantee Plans: The ICICI Pru Midcap 150 Momentum 50 Index Fund is available at a starting price of Rs. 2,000 per month. It ensures capital preservation while replicating the index with the highest returns in the mid-cap category.

What are Index Funds?

Index funds are investment funds that aim to replicate the performance of a specific market index, such as the S&P 500, NSE Nifty 50, and S&P BSE Sensex. Index funds offer a low-cost and low-maintenance investment option, as they do not rely on active management but rather mirror the composition of the index.

Why Invest In Index FundWhy Invest In Index Fund

What is Momentum Investing?

Momentum investing is a systematic investment strategy that involves buying assets that have shown strong recent performance and selling those with weak performance. The goal is to capitalize on existing market trends and gain from the momentum for profit.

Key Features of Momentum Investing:

  • Formula-Based Investing System: It buys and sells stocks based on past returns of 6 months and 12 months. The decisions are based on predefined rules and data-driven strategies.

  • Promoting Winners, Demoting Losers: This strategy prioritizes stocks with positive performance. It removes stocks with relatively poor returns.

  • Investing in Proven Track Records: It targets stocks with a proven history of good returns. This method strives for consistent positive outcomes in investments.

Top Constituents of ICICI Pru Midcap 150 Momentum 50 Index Fund 2024

The Top Constituents of a Midcap 150 Momentum 50 Index Fund represent the key stocks that drive the performance of the fund.

The constituents of ICICI Pru Life Midcap 150 Momentum 50 fund as of 31 December 2023 are shown below:

[Source: nseindia.com]

The Midcap 150 Momentum 50 Index Fund might be diversified across various sectors to spread risk. Common sectors for mid-cap momentum index funds are mentioned below:

Top Sectors Weightage of Invested Assets
Financial Services 26.89%
Capital Goods 19.94%
Healthcare 19.68%
Realty 8.98%
Metals & Mining 6.17%
Information Technology 5.12%
Chemicals 4.1%
Automobile & Automation 3.71%
Power 2.88%
Construction Materials 0.85%
Textiles 0.71%
Media & Entertainment 0.62%
Consumer Durables 0.36%

[Source: nseindia.com]

Returns of Midcap 150 Momentum 50 Index

The Midcap 150 Momentum 50 Index stands out as the top performer in various categories.

Index Name  3-Year Returns 5-Year Returns 10-Year Returns
NIFTY Midcap 150 Momentum 50 37.50% 29.00% 27.00%
NIFTY Midcap 150  28.8% 20.80% 20.50%
NIFTY Smallcap 250 31.50% 22.60% 16.30%
NIFTY Smallcap 250 Quality 50 33.80% 22.50% 22.40%
NIFTY 50 15.80% 13.10% 12.50%

[Source: nseindia.com] 

Ipru Offered Best In ClassIpru Offered Best In Class

Illustration of Performance of Midcap 150 Momentum 50 Index Fund:

If you invested Rs. 100 in 2013, it would have grown to Rs. 1080 by 2023, which makes it almost 11 times your initial investment. The growth is significant if the investment amount is high. 

For Example, if you have invested Rs. 1 lakh in 2013, your fund value would have increased to approximately Rs. 11 lakhs by 2023.

Performance of Funds by ICICI Pru Life Insurance

ICICI Prudential Life Insurance offers a variety of market-linked funds across different categories, each with its own performance history. The following are the top 5 funds offered by ICICI Prudential as per last 5-year returns:

Fund Name Date of Inception 5-Year Returns 10-Year Returns Returns Since Inception (RSI) Fund Size (in Crores)
Mid Cap Hybrid Growth Fund 28 February 2023 25.90% N.A. 36.80% Rs. 283 Cr.
Opportunity Fund 24 November 2009 16% 14.60% 11.80% Rs. 2,636 Cr.
Maximize India Fund 23 February 2015 15.70% N.A. 10.20% Rs. 787 Cr.
Value Enhancer Fund 23 July 2018 15.60% N.A. 11.80% Rs. 6,787 Cr.
Maximiser Fund V 29 August2011 14.90% 12.80% 13% Rs. 53,401Cr.

Available plans across all categoriesAvailable plans across all categories

How to Invest in ICICI Pru Life Midcap 150 Momentum 50 Index Fund through Policybazaar?

You can follow the steps mentioned below to start investing in the ICICI Pru Midcap 150 Momentum 50 Index Fund at Policybazaar:

Step 1: Enter your name and number in the form available on this page. 

NOTE: Your credentials are completely secure and will be needed to show you customised details and specific benefits and advise you accordingly.

Step 2: Upon logging in, fill in your city, age, and income information to get personalized benefits of different plan.

Step 3: Click on the ICICI Pru Life Plans in pink cards. Choose the ICICI Pru Life Midcap 150 Momentum 50 Index Fund option that suits your needs:

  • Investment Plans:

    • ICICI Pru Signature Plan

    • LifeTime Classic Plan

  • ICICI Pru Life Capital Guarantee Solution

  • Child Plans:

    • ICICI Pru Signature- WOP Plan

    • ICICI Pru Smart Kid Plan

  • Retirement Plans:

    • ICICI Pru Ezy Grow- Whole Life Plan

    • ICICI Pru Signature- Whole Life Plan

Step 5: For the ICICI Pru Life Midcap 150 Momentum 50 Index Fund, click "Get Details" for more information. You can also consult with an expert for free by clicking the "Talk to an Expert" button.

Step 6: Review the plan details carefully. Click "Proceed" when satisfied and follow the on-screen prompts to proceed with the purchase.

Step 7: Enter essential details and specify the investment amount. Choose your preferred payment mode.

Step 8: Provide necessary KYC (Know Your Customer) details for regulatory compliance.

Step 9: Complete the payment process. Upon successful payment, receive confirmation of your purchase.

Conclusion

The ICICI Pru Life Midcap 150 Momentum 50 Index Fund NFO presents an opportunity for investors seeking exposure to midcap equities with a momentum-driven approach. With its unique index strategy, this ICICI Pru Midcap new fund aims to capture the growth potential of dynamic midcap stocks. You should carefully evaluate your risk tolerance and investment goals before considering participation in this New Fund Offering (NFO).

 

ICICI Pru Life Midcap 150 Momentum 50 Index Fund – FAQs

  • Under which plan can we avail of the benefits of ICICI Pru Life Midcap 150 Momentum 50 Index Fund?

    The ICICI Pru Life Midcap 150 Momentum 50 Index Fund is available with the following investment plans offered by ICICI Pru Life:
    • ICICI Pru Signature Plan (Investment Plan)

    • ICICI Pru Life Capital Guarantee Solution (Capital Guarantee Plans)

    • ICICI Pru Signature- WOP Plan (Child Plan)

    • ICICI Pru Smart Kid Plan (Child Plan)

    • ICICI Pru Ezy Grow- Whole Life Plan (Retirement Plan)

    • ICICI Pru Signature- Whole Life Plan (Retirement Plan)

  • Is it good to invest in ICICI Pru Life Midcap 150 Momentum 50 Index Fund?

    The ICICI Pru Life Midcap 150 Momentum 50 Index Fund is a good option for investors who are looking for exposure to the mid-cap segment of the Indian stock market and who are comfortable with the associated risks. However, it is important to do your own research and consider your own investment goals before making any investment decisions regarding the ICICI Prudential New Fund.
  • Who should invest in the ICICI Pru Life Midcap 150 Momentum 50 Index Fund?

    The following category of investors might be suitable for investing in the ICICI Pru Life Midcap 150 Momentum 50 Index Fund:
    • Investors with a high-risk appetite

    • Investors with a long-term investment horizon

    • Investors seeking diversification

    • Investors with belief in the effectiveness of momentum investing

    • Investors who believe in the potential of mid-cap stocks

  • How does the ICICI Pru Life Midcap 150 Momentum 50 Index Fund benchmark its performance? 

    The ICICI Pru Life Midcap 150 Momentum 50 Index Fund benchmarks its performance against the Nifty Midcap 150 Momentum 50 index.
  • What are the tax implications under the ICICI Pru Life Midcap 150 Momentum 50 Index Fund?

    You can avail of the following tax benefits of investing in the ICICI Pru Life Midcap 150 Momentum 50 Index Fund:
    • Section 80C Advantage: You can claim tax benefits under Section 80C of the Income Tax Act, 1961. It allows a deduction of up to ₹1.5 lakhs from taxable income for the invested amount in the ICICI Prudential NFO.

    • Section 10(10D) Benefits: You can utilize Section 10(10D) benefits for your investments in ICICI Prudential Life New Fund Offering (NFO). This benefit is applicable if the annual premium paid is below Rs. 2.5 lakh.

  • What are the differences and similarities between the Tata Nifty Midcap 150 Momentum 50 Index Fund and ICICI Pru Life Midcap 150 Momentum 50 Index Fund? 

    The key similarities and differences among Tata Nifty Midcap 150 Momentum 50 Index Fund and ICICI Pru Life Midcap 150 Momentum 50 Index Fund are mentioned below:
    • Similarities:

      • Midcap Momentum Funds: They invest in a portfolio of 50 mid-cap companies (out of the Nifty Midcap 150 index) exhibiting strong momentum (rising share price).

      • Passively managed: They track the Nifty Midcap 150 Momentum 50 Index, aiming to replicate its performance (before expenses).

      • Investment objective: Both aim to provide returns comparable to the Nifty Midcap 150 Momentum 50 Index.

    • Differences:

      • Tata Nifty Midcap 150 Momentum 50 Index Fund is offered by Tata Asset Management.

      • ICICI Pru Life Midcap 150 Momentum 50 Index Fund is offered by ICICI Prudential Mutual Fund.

      • Both funds aim to track the Nifty Midcap 150 Momentum 50 Index closely, but they might have slight deviations due to factors like cash holdings and expense ratios. 

  • What is the NAV of ICICI Pru Midcap 150 Momentum 50 Index Fund NFO?

    The starting Net Asset Value of ICICI Prudential Life NFO is Rs. 10 per unit from 05 February up to 19 February 2024.
  • What are the differences and similarities between the ICICI Pru Midcap 150 Index Fund and ICICI Pru Life Midcap 150 Momentum 50 Index Fund?

    Both ICICI Pru Midcap 150 Index Fund and ICICI Pru Life Midcap 150 Momentum 50 Index Fund invest in midcap companies, but they have some key differences and similarities:
    • Similarities:

      • Both track the Indian mid-cap market

      • Both are open-ended, allowing you to invest and redeem units anytime.

      • Both have a low minimum investment requirement of Rs. 2000 per month, making them accessible to a wider range of investors.

    • Differences:

      • ICICI Pru Midcap 150 Index Fund: Passively invests in all 150 companies of the Nifty Midcap 150 Index in proportion to their weightage in the index.

      • ICICI Pru Life Midcap 150 Momentum 50 Index Fund: Focuses on the top 50 momentum stocks (based on 6-month relative strength) within the Nifty Midcap 150 Index.

  • How safe is ICICI Prudential Mutual Funds?

    Yes, the ICICI Prudential Mutual Fund, as a whole, operates within a safe and regulated environment. The following are some of the factors ensure safety of your investments:
    • ICICI Pru MF is regulated by the Securities and Exchange Board of India (SEBI)

    • ICICI Pru MF offers a wide range of schemes catering to different risk appetites and investment goals.

    • ICICI Pru MF has been operating for over two decades, managing assets worth over Rs. 6.71 lakh crores.

*Past 5 Year annualised returns as on 01-06-2024
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

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Fund Reviews & Ratings
4.6 / 5 (Based on 31 Reviews)
(Showing Newest 10 reviews)
Sandhya
Bangalore, February 24, 2024
Thumbs Up for ICICI Pru Returns
Policybazaar made investing easy. ICICI Pru thumbs up for returns
Ganesh
Hyderabad, February 23, 2024
Simple Investing with Policybazaar
Policybazaar made investing simple great fund performance by midcap 150 momentum 50 index funds.
Revathi
Vishakhapatnam, February 22, 2024
Impressed by ICICI Prus Performance
Impressed by ICICI Prus performance. invested in it via Policybazaar. Kudos
Vivek
Mangalore, February 21, 2024
Happy with ICICI Pru Returns
Great returns hassle free investing. Happy with ICICI Pru via Policybazaar
Priya
Vellore, February 20, 2024
Highly Recommended Funds
Highly recommended ICICI Pru Midcap funds. They never disappoints.
Karthik
Sikanderabad, February 19, 2024
Thank You for the Recommendation
Midcap 150 Momentum delivers. 2 years 5 star satisfaction
Ramesh
Nellore, February 17, 2024
No Regrets a Winner Fund
Smart investment move. Midcap 150 Momentum 50 pays off handsomely.
Anitha
Chennai, February 16, 2024
Delivering Big Profits
Invested in ICICI Pru Life funds with confidence thanks to Policybazaar guidance.
Arvind
Bhopal, February 15, 2024
Top Notch Fund Performance
Impressive ROI Midcap 150 Momentum is the best invesmtent fund in my portfolio.
Lakshmi
Hyderabad, February 14, 2024
Confident Investment Move
Top performing index fund. Midcap 150 Momentum thank you
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