Bandhan Nifty Midcap 150 Index Fund vs ICICI Prudential Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty Midcap 150 Index Fund is an Index fund and ICICI Prudential Mid Cap Fund is a Mid Cap fund. In the year to 30-10-2026, Bandhan Nifty Midcap 150 Index Fund (Direct) returned −4.8% and ICICI Prudential Mid Cap Fund (Direct) returned 0.9%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and ICICI Prudential Mid Cap Fund 1.10% (Direct plans). Their portfolios overlap 31.4%: they hold 48 of the same securities.
Bandhan Nifty Midcap 150 Index Fund
Index
- 1 year return
- −4.8%
- Expense ratio
- 0.63%
- NAV
- ₹9.59
ICICI Prudential Mid Cap Fund
Mid Cap
- 1 year return
- 0.9%
- Expense ratio
- 1.10%
- NAV
- ₹351.92
Which is better, Bandhan Nifty Midcap 150 Index or ICICI Prudential Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Mid Cap returned more over 1 year: 0.9% against −4.8%.
- Bandhan Nifty Midcap 150 Index costs less: 0.63% a year against 1.10% (Direct plans).
- Bandhan Nifty Midcap 150 Index fell less in its worst fall since 20-09-2024: −21.1% against −21.3%.
- ICICI Prudential Mid Cap is the larger fund: ₹7,961 Cr against ₹93 Cr.
- Their portfolios overlap 31.4%: 48 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bandhan Nifty Midcap 150 Index Fund | ICICI Prudential Mid Cap Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹93 Cr (31-08-2026) | ₹7,961 Cr (30-09-2026) |
| NAV | ₹9.59 (Direct) | ₹351.92 (Direct) |
| Expense ratio (Direct) | 0.63% | 1.10% |
| Expense ratio (Regular) | 1.41% | 1.84% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 19-09-2024 | 28-10-2004 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Lalit Kumar, Sharmila D’silva |
| Exit load | • 0.25% if redeemed on or before 15 days from the allotment date. • Nil if redeemed after 15 days from allotment date. | • 1% of the applicable NAV- If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment • NIL - If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment • 1% of the applicable NAV- If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment • NIL - If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment Nil If the amount sought to be redeemed or switched out more than 12 months. |
Bandhan Nifty Midcap 150 Index vs ICICI Prudential Mid Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bandhan Nifty Midcap 150 Index Fund (Direct) | −3.74% | −8.57% | −4.22% | −4.85% | -- | -- | -- |
| ICICI Prudential Mid Cap Fund (Direct) | −5.04% | −7.09% | −5.25% | +0.90% | +19.38% | +14.82% | +15.56% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Bandhan Nifty Midcap 150 Index vs ICICI Prudential Mid Cap: Year-wise Returns
| Year | Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index | ICICI Prudential Mid CapICICI Prudential Mid Cap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −5.41% | −0.75% | −4.97% |
| 2025 | +5.26% | +11.94% | +5.98% |
| 2024 | -- | +28.12% | +24.46% |
| 2023 | -- | +33.88% | +44.61% |
| 2022 | -- | +4.12% | +3.91% |
| 2021 | -- | +46.16% | +48.16% |
Bandhan Nifty Midcap 150 Index vs ICICI Prudential Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 275 of them, one for each trading day from 22-09-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Bandhan Nifty Midcap 150 Index Fund (Direct)
ICICI Prudential Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Nifty Midcap 150 Index | 11.6 | 22.9 | 36.4 | 19.6 | 8.0 | 1.5 | 0.0 | 7.0% | 6.7% | −6.4% | 23.0% | 0% |
| ICICI Prudential Mid Cap | 2.6 | 9.6 | 11.8 | 29.9 | 20.7 | 11.1 | 14.4 | 15.0% | 14.4% | −2.8% | 33.0% | 100% |
| Nifty Midcap 150 TRI | 9.5 | 18.9 | 40.7 | 20.7 | 7.3 | 2.9 | 0.0 | 7.6% | 7.3% | −5.7% | 23.9% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Midcap 150 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 20-09-2024. Past returns do not promise future returns.
Bandhan Nifty Midcap 150 Index vs ICICI Prudential Mid Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 20-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct) | ₹2,60,000 | ₹2,57,357 | −₹2,643 | −0.9% |
| ICICI Prudential Mid CapICICI Prudential Mid Cap Fund (Direct) | ₹2,60,000 | ₹2,73,340 | ₹13,340 | 4.5% |
Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct)
ICICI Prudential Mid CapICICI Prudential Mid Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Bandhan Nifty Midcap 150 Index vs ICICI Prudential Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty Midcap 150 Index Fund (Direct) | ICICI Prudential Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.85% | +0.90% |
| Standard deviation | 16.56% | 18.40% |
| Sharpe ratio | -0.61 | -0.24 |
| Sortino ratio | -0.82 | -0.32 |
| Maximum drawdown | −14.0% (30-03-2026) | −14.9% (23-10-2026) |
| Beta | 1.00 | 1.07 |
| Alpha | −0.48% | +5.91% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bandhan Nifty Midcap 150 Index Fund (Direct) | ICICI Prudential Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.63% | +18.30% |
| Standard deviation | 16.97% | 16.83% |
| Sharpe ratio | -0.49 | 0.73 |
| Sortino ratio | -0.65 | 0.98 |
| Maximum drawdown | −21.1% (28-02-2025) | −44.0% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.61% | -- |
From daily NAVs, 20-09-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bandhan Nifty Midcap 150 Index Fund (Direct)
ICICI Prudential Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty Midcap 150 Index Fund (Direct) | −21.1% | 24-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.6% |
| ICICI Prudential Mid Cap Fund (Direct) | −21.3% | 24-09-2024 | 07-04-2025 | 26-06-2025 | 3 months | −11.9% |
| Nifty Midcap 150 TRI | −20.9% | 24-09-2024 | 28-02-2025 | 12-11-2025 | 8 months | −10.5% |
From daily values since 20-09-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Nifty Midcap 150 Index Fund (Direct)
ICICI Prudential Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty Midcap 150 Index Fund (Direct) | 98% | 100% | 0.30% |
| ICICI Prudential Mid Cap Fund (Direct) | 110% | 93% | 4.21% |
From month-end values since 20-09-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Bandhan Nifty Midcap 150 Index vs ICICI Prudential Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty Midcap 150 Index Fund, August 2026; ICICI Prudential Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 31.4%
- Held by both
- 48
- Only in Bandhan Nifty Midcap 150 Index
- 102
- Only in ICICI Prudential Mid Cap
- 32
| Security | % of Bandhan Nifty Midcap 150 Index | % of ICICI Prudential Mid Cap |
|---|---|---|
| BSE Limited | 3.13% | 3.93% |
| Multi Commodity Exchange of India Limited | 2.02% | 5.43% |
| PB Fintech Limited | 1.51% | 2.68% |
| Bharat Forge Limited | 1.31% | 2.84% |
| IndusInd Bank Limited | 1.56% | 1.30% |
| GE Vernova T&D India Limited | 1.28% | 1.89% |
| Dixon Technologies (India) Limited | 1.44% | 1.19% |
| Hitachi Energy India Limited | 1.00% | 1.78% |
| Polycab India Limited | 1.18% | 0.97% |
| APL Apollo Tubes Limited | 0.94% | 3.95% |
| SRF Limited | 0.87% | 1.59% |
| KEI Industries Limited | 0.83% | 2.45% |
| Hindustan Petroleum Corporation Limited | 0.82% | 5.43% |
| National Aluminium Company Limited | 0.80% | 0.96% |
| UPL Limited | 0.74% | 2.35% |
| 360 One WAM Limited | 0.71% | 1.47% |
| Apar Industries Limited | 0.70% | 5.98% |
| Steel Authority of India Limited | 0.66% | 1.24% |
| Voltas Limited | 0.64% | 0.79% |
| Godrej Properties Limited | 0.64% | 1.51% |
| Prestige Estates Projects Limited | 0.64% | 2.68% |
| UNO Minda Limited | 0.54% | 1.71% |
| Coromandel International Limited | 0.53% | 0.61% |
| Supreme Industries Limited | 0.53% | 1.11% |
| Lenskart Solutions Limited | 0.52% | 1.17% |
| Oberoi Realty Limited | 0.51% | 1.01% |
| Jindal Stainless Limited | 0.51% | 2.92% |
| Nippon Life India Asset Management Limited | 0.49% | 2.21% |
| Gujarat Fluorochemicals Limited | 0.46% | 1.28% |
| PI Industries Limited | 0.45% | 0.45% |
| Blue Star Limited | 0.44% | 0.68% |
| Astral Limited | 0.43% | 0.73% |
| Schaeffler India Limited | 0.38% | 1.39% |
| SBI Cards and Payment Services Limited | 0.45% | 0.38% |
| Indian Railway Catering And Tourism Corporation Limited | 0.34% | 0.39% |
| K.P.R. Mill Limited | 0.31% | 2.13% |
| FSN E-Commerce Ventures Limited | 1.12% | 0.29% |
| Bharti Hexacom Limited | 0.27% | 0.83% |
| Endurance Technologies Limited | 0.24% | 0.47% |
| Escorts Kubota Limited | 0.23% | 1.45% |
| Premier Energies Limited | 0.29% | 0.16% |
| MRF Limited | 0.63% | 0.16% |
| Honeywell Automation India Limited | 0.18% | 0.14% |
| Thermax Limited | 0.35% | 0.13% |
| Balkrishna Industries Limited | 0.43% | 0.12% |
| JK Cement Limited | 0.50% | 0.09% |
| Tube Investments of India Limited | 0.69% | 0.05% |
| ACC Limited | 0.18% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.4% means 31.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bandhan Nifty Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| The Federal Bank Limited | 2.05% |
| Laurus Labs Limited | 1.74% |
| One 97 Communications Limited | 1.69% |
| Hero MotoCorp Limited | 1.65% |
| Coforge Limited | 1.61% |
Largest holdings only in ICICI Prudential Mid Cap Fund
| Security | % of fund |
|---|---|
| Jindal Steel Ltd. | 3.97% |
| Muthoot Finance Ltd. | 2.83% |
| Navin Fluorine International Ltd. | 1.98% |
| Sona Blw Precision Forgings Ltd. | 1.88% |
| Cummins India Ltd. | 1.78% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty Midcap 150 Index | ICICI Prudential Mid Cap |
|---|---|---|
| Equity | 99.7% | 97.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.3% | 2.1% |
Market cap of stocks
| Market cap | Bandhan Nifty Midcap 150 Index | ICICI Prudential Mid Cap |
|---|---|---|
| Large Cap | 11.6% | 20.2% |
| Mid Cap | 83.9% | 68.1% |
| Small Cap | 4.2% | 9.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bandhan Nifty Midcap 150 Index | ICICI Prudential Mid Cap |
|---|---|---|
| Capital Markets | 7.4% | 13.0% |
| Industrial Products | 4.3% | 12.1% |
| Auto Components | 5.0% | 9.9% |
| Electrical Equipment | 7.1% | 9.9% |
| Banks | 8.8% | 1.3% |
| Pharmaceuticals & Biotechnology | 8.8% | 1.0% |
| Ferrous Metals | 1.2% | 8.3% |
| Chemicals & Petrochemicals | 1.6% | 6.4% |
| Finance | 5.4% | 3.2% |
| IT - Software | 5.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty Midcap 150 Index vs ICICI Prudential Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty Midcap 150 Index Fund | ICICI Prudential Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.63% | 1.10% |
| Base expense ratio (Direct) | 0.14% | 0.89% |
| Total expense ratio (Regular) | 1.41% | 1.84% |
| Base expense ratio (Regular) | 0.82% | 1.53% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Bandhan Nifty Midcap 150 Index Fund vs ICICI Prudential Mid Cap Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty Midcap 150 Index Fund and ICICI Prudential Mid Cap Fund?
Bandhan Nifty Midcap 150 Index Fund is an Index fund, ICICI Prudential Mid Cap Fund is a Mid Cap fund, run by Bandhan Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 31.4%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and ICICI Prudential Mid Cap Fund 1.10%.
Which has given higher returns, Bandhan Nifty Midcap 150 Index Fund or ICICI Prudential Mid Cap Fund?
Over 1 year: Bandhan Nifty Midcap 150 Index Fund −4.85%, ICICI Prudential Mid Cap Fund +0.90%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty Midcap 150 Index Fund or ICICI Prudential Mid Cap Fund?
Bandhan Nifty Midcap 150 Index Fund charges less: 0.63% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty Midcap 150 Index Fund and ICICI Prudential Mid Cap Fund overlap?
31.4%. They hold 48 of the same securities, the largest shared ones being BSE, MCX, POLICYBZR. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty Midcap 150 Index Fund or ICICI Prudential Mid Cap Fund?
On SEBI's riskometer, Bandhan Nifty Midcap 150 Index Fund is rated Very High and ICICI Prudential Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 16.56% and 18.40% a year.
Can I invest in both Bandhan Nifty Midcap 150 Index Fund and ICICI Prudential Mid Cap Fund?
Yes. 31.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Nifty Midcap 150 Index Fund and ICICI Prudential Mid Cap Fund?
Bandhan Nifty Midcap 150 Index Fund: Abhishek Jain. ICICI Prudential Mid Cap Fund: Lalit Kumar, Sharmila D’silva.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.