ICICI PRU LARGE & MID CAP: Earlier known as the ICICI Prudential Top 100, this fund was repositioned as the large- and mid-cap offering a few years ago

This large and midcap equity mutual fund gave 24.4% returns in 5 years: Should you invest? The fund manager adopts a counter-cyclical approach by remaining underweight in sectors to which the larger market holds an elevated exposure. Should you buy ICICI Pru Large & Midcap fund now?

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

ICICI PRU LARGE & MID CAP
BASIC FACTS
DATE OF LAUNCH
9 JUL 1998
CATEGORY
EQUITY
TYPE
LARGE & MIDCAP
AUM*

Data Science
SQL for Data Science along with Data Analytics and Data Visualization
By - Metla Sudha Sekhar, IT Specialist and Developer
Finance
AI and Generative AI for Finance
By - Hariom Tatsat, Vice President- Quantitative Analytics at Barclays
Web Development
Intermediate Java Mastery: Method, Collections, and Beyond
By - Metla Sudha Sekhar, IT Specialist and Developer
Finance
A2Z Of Money
By - elearnmarkets, Financial Education by StockEdge
Finance
A2Z Of Finance: Finance Beginner Course
By - elearnmarkets, Financial Education by StockEdge
Marketing
Performance Marketing for eCommerce Brands
By - Zafer Mukeri, Founder- Inara Marketers
Web Development
Advanced C++ Mastery: OOPs and Template Techniques
By - Metla Sudha Sekhar, IT Specialist and Developer
Marketing
Digital marketing - Wordpress Website Development
By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By - Metla Sudha Sekhar, IT Specialist and Developer
Marketing
Digital Marketing Masterclass by Neil Patel
By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru
Artificial Intelligence(AI)
Tabnine AI Masterclass: Optimize Your Coding Efficiency
By - Metla Sudha Sekhar, IT Specialist and Developer
Leadership
Business Storytelling Masterclass
By - Ameen Haque, Founder of Storywallahs
Marketing
Future of Marketing & Branding Masterclass
By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant
Marketing
Modern Marketing Masterclass by Seth Godin
By - Seth Godin, Former dot com Business Executive and Best Selling Author
Web Development
Master RESTful APIs with Python and Django REST Framework: Web API Development
By - Metla Sudha Sekhar, IT Specialist and Developer
Web Development
Django & PostgreSQL Mastery: Build Professional Web Applications
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
ChatGPT Mastery from Zero to Hero: The Complete AI Course
By - Metla Sudha Sekhar, IT Specialist and Developer
Web Development
Java 21 Essentials for Beginners: Build Strong Programming Foundations
By - Metla Sudha Sekhar, IT Specialist and Developer
Web Development
Mastering Full Stack Development: From Frontend to Backend Excellence
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
AI and Analytics based Business Strategy
By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI

Rs.17,464 crore
BENCHMARK
NIFTY LARGE MIDCAP 250 TOTAL RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.957.13
IDCW
Rs.33.43
MINIMUM INVESTMENT
Rs.5,000

MINIMUM SIP AMOUNT
Rs.100

EXPENSE RATIO# (%)
1.69
EXIT LOAD
1% for redemption within 30 days

*AS ON 30 SEP 2024
**AS ON 22 OCT 2024
#AS ON 30 SEP 2024

FUND MANAGER
IHAB DALWAI
2 YEARS, 3 MONTHS

Recent portfolio changes
New entrants
IndusInd Bank, Medplus Health Services, Shree Cement, Sona BLW Precision Forgings, Sun TV Network (Aug).
Gujarat Narmada Valley Fertilizers & Chemicals, Max Financial Services, Zydus Lifesciences (Sep).
Complete exits
Affle (India), Hero Motocorp, Kotak Mahindra Bank, Sumitomo Chemical India (Aug).

Should You Buy?
Earlier known as the ICICI Prudential Top 100, this fund was repositioned as the large- and mid-cap offering a few years ago. The fund manager adopts a counter-cyclical approach by remaining underweight in sectors to which the larger market holds an elevated exposure. It aims to generate alpha through active sectoral rotation apart from identifying companies with reasonable profitability backed by sustainable competitive advantages. The fund experienced a rough patch between 2017 to 2020 but has seen a smart uptick in performance since 2021. This is partly owing to its bias towards value segment, which has been on an upswing in recent years.