ICICI Prudential Mid Cap Fund vs TRUSTMF Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Mid Cap Fund and TRUSTMF Mid Cap Fund are both Mid Cap funds. ICICI Prudential Mid Cap Fund charges 1.10% a year and TRUSTMF Mid Cap Fund 1.91% (Direct plans). Their portfolios overlap 18.1%: they hold 15 of the same securities.
Which is better, ICICI Prudential Mid Cap or TRUSTMF 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 costs less: 1.10% a year against 1.91% (Direct plans).
- TRUSTMF Mid Cap fell less in its worst fall since 24-03-2026: −12.0% against −14.9%.
- ICICI Prudential Mid Cap holds more in large companies: 20.2% of the fund in large caps against 5.2%.
- ICICI Prudential Mid Cap is the larger fund: ₹7,961 Cr against ₹687 Cr.
- Their portfolios overlap 18.1%: 15 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 | ICICI Prudential Mid Cap Fund | TRUSTMF Mid Cap Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Trust Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹7,961 Cr (30-09-2026) | ₹687 Cr (30-09-2026) |
| NAV | ₹351.92 (Direct) | ₹11.46 (Direct) |
| Expense ratio (Direct) | 1.10% | 1.91% |
| Expense ratio (Regular) | 1.84% | 3.55% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Midcap 150 TRI | Not available |
| Launch date | 28-10-2004 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Lalit Kumar, Sharmila D’silva | Not available |
| Exit load | • 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. | Not available |
ICICI Prudential Mid Cap vs TRUSTMF 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Mid Cap Fund (Direct) | −5.04% | −7.09% | −5.25% | +0.90% | +19.38% | +14.82% | +15.56% |
| TRUSTMF Mid Cap Fund (Direct) | −2.72% | −3.54% | +6.80% | -- | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | -- | -- | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
ICICI Prudential Mid Cap vs TRUSTMF Mid Cap: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Mid Cap | TRUSTMFTRUSTMF Mid Cap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −0.75% | -- | −4.97% |
| 2025 | +11.94% | -- | +5.98% |
| 2024 | +28.12% | -- | +24.46% |
| 2023 | +33.88% | -- | +44.61% |
| 2022 | +4.12% | -- | +3.91% |
| 2021 | +46.16% | -- | +48.16% |
ICICI Prudential Mid Cap vs TRUSTMF Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
ICICI Prudential Mid Cap vs TRUSTMF Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Mid Cap Fund (Direct) | TRUSTMF Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.30% | +25.18% |
| Standard deviation | 16.83% | 14.73% |
| Sharpe ratio | 0.73 | 1.35 |
| Sortino ratio | 0.98 | 1.89 |
| Maximum drawdown | −44.0% (23-03-2020) | −12.0% (23-10-2026) |
| Beta | -- | 0.85 |
| Alpha | -- | +15.71% |
From daily NAVs, 02-01-2013 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.
ICICI Prudential Mid Cap Fund (Direct)
TRUSTMF 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 |
|---|---|---|---|---|---|---|
| ICICI Prudential Mid Cap Fund (Direct) | −14.9% | 28-08-2026 | 23-10-2026 | Not yet | -- | −11.9% |
| TRUSTMF Mid Cap Fund (Direct) | −12.0% | 26-08-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| Nifty Midcap 150 TRI | −12.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
From daily values since 24-03-2026, the first day every fund has.
ICICI Prudential Mid Cap vs TRUSTMF Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Mid Cap Fund, September 2026; TRUSTMF Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 18.1%
- Held by both
- 15
- Only in ICICI Prudential Mid Cap
- 65
- Only in TRUSTMF Mid Cap
- 49
| Security | % of ICICI Prudential Mid Cap | % of TRUSTMF Mid Cap |
|---|---|---|
| Multi Commodity Exchange Of India Ltd. | 5.43% | 4.01% |
| PB Fintech Ltd. | 2.68% | 1.87% |
| APL Apollo Tubes Ltd. | 3.95% | 1.71% |
| Apar Industries Ltd. | 5.98% | 1.34% |
| Ge Vernova T&D India Ltd. | 1.89% | 1.22% |
| Dixon Technologies (India) Ltd. | 1.19% | 3.57% |
| Lenskart Solutions Ltd. | 1.17% | 3.20% |
| Samvardhana Motherson International Ltd. | 1.32% | 1.09% |
| National Aluminium Company Ltd. | 0.96% | 1.42% |
| UNO Minda Ltd. | 1.71% | 0.86% |
| Bharti Hexacom Ltd. | 0.83% | 1.67% |
| Navin Fluorine International Ltd. | 1.98% | 0.74% |
| Jyoti CNC Automation Ltd | 0.70% | 1.67% |
| FSN E-Commerce Ventures Ltd. | 0.29% | 1.69% |
| JK Cement Ltd. | 0.09% | 0.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.1% means 18.1% 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 ICICI Prudential Mid Cap Fund
| Security | % of fund |
|---|---|
| Hindustan Petroleum Corporation Ltd. | 5.43% |
| Jindal Steel Ltd. | 3.97% |
| BSE Ltd. | 3.93% |
| Jindal Stainless Ltd. | 2.92% |
| Bharat Forge Ltd. | 2.84% |
Largest holdings only in TRUSTMF Mid Cap Fund
| Security | % of fund |
|---|---|
| Aurobindo Pharma Limited | 2.99% |
| Radico Khaitan Limited | 2.90% |
| Laurus Labs Limited | 2.71% |
| Kalyan Jewellers India Limited | 2.54% |
| The Phoenix Mills Limited | 2.48% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Mid Cap | TRUSTMF Mid Cap |
|---|---|---|
| Equity | 97.9% | 94.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.1% | 5.8% |
Market cap of stocks
| Market cap | ICICI Prudential Mid Cap | TRUSTMF Mid Cap |
|---|---|---|
| Large Cap | 20.2% | 5.2% |
| Mid Cap | 68.1% | 66.4% |
| Small Cap | 9.6% | 19.9% |
| Not on AMFI's list | 0.0% | 2.7% |
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 | ICICI Prudential Mid Cap | TRUSTMF Mid Cap |
|---|---|---|
| Capital Markets | 13.0% | 6.4% |
| Industrial Products | 12.1% | 1.7% |
| Retailing | 1.5% | 10.2% |
| Auto Components | 9.9% | 1.9% |
| Electrical Equipment | 9.9% | 5.7% |
| Pharmaceuticals & Biotechnology | 1.0% | 8.4% |
| Ferrous Metals | 8.3% | 0.0% |
| Consumer Durables | 2.8% | 8.0% |
| Banks | 1.3% | 6.6% |
| Chemicals & Petrochemicals | 6.4% | 0.7% |
| Aerospace & Defense | 0.0% | 5.9% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Mid Cap vs TRUSTMF Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Mid Cap Fund | TRUSTMF Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | 1.91% |
| Base expense ratio (Direct) | 0.89% | 0.57% |
| Total expense ratio (Regular) | 1.84% | 3.55% |
| Base expense ratio (Regular) | 1.53% | 2.04% |
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
Compare ICICI Prudential Mid Cap with
ICICI Prudential Mid Cap Fund vs TRUSTMF Mid Cap Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Mid Cap Fund and TRUSTMF Mid Cap Fund?
Both are Mid Cap funds, run by ICICI Prudential Mutual Fund and Trust Mutual Fund. Their portfolios overlap 18.1%. ICICI Prudential Mid Cap Fund charges 1.10% a year and TRUSTMF Mid Cap Fund 1.91%.
Which has the lower expense ratio, ICICI Prudential Mid Cap Fund or TRUSTMF Mid Cap Fund?
ICICI Prudential Mid Cap Fund charges less: 1.10% a year against 1.91%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Mid Cap Fund and TRUSTMF Mid Cap Fund overlap?
18.1%. They hold 15 of the same securities, the largest shared ones being MCX, POLICYBZR, APLAPOLLO. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Mid Cap Fund and TRUSTMF Mid Cap Fund?
Yes. 18.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.