About ICICI Pru Mid-Small Cap 400 Index Fund
ICICI Prudential Mid-Small Cap 400 Index Fund is a market-linked fund that focuses on tracking the performance of the Nifty 400 Mid-Smallcap Index. It offers you an opportunity to invest in a diverse range of mid-cap and small-cap stocks. These companies are smaller than large corporations but have significant growth potential.
The fund aims to mirror the Nifty 400 Mid-Smallcap Index's returns, making it a cost-effective way to gain exposure to these dynamic segments of the stock market.
By investing in this fund, you get a piece of the action from smaller companies that could be tomorrow's leaders, with a balanced mix of risk and reward.
Overview of ICICI Pru Mid-Small Cap 400 Index Fund
The key information about ICICI Pru Life Mid-Small Cap Index Fund NFO is mentioned below:
| Parameters |
Details |
| Investment Objective |
To match the performance of the Nifty Mid-Small Cap 400 Index, offering exposure to a diverse range of mid-cap and small-cap Indian equities. The fund seeks to mirror the index's returns by investing in various sectors and industries. |
| Benchmark Index |
NIFTY Mid Small Cap 400 Index |
| Risk Profile |
High |
| NFO Launch Date |
1st- 15th May 2024 |
| Minimum Premium Amount |
Rs. 2,000 per month (with ICICI Pru Ezy Grow - Whole Life Plan) |
| NAV on NFO Launch |
₹10 |
Why Invest in ICICI Pru Mid-Small Cap 400 Index Fund NFO?
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Exclusive Midsmall 400 Fund: ICICI Pru Life Insurance is the only financial company offering the Midsmallcap 400 Index Fund, investing in 400 midcap and smallcap stocks.
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Invest in 400 Midcap and Smallcap Companies: Gain exposure to a wide range of 400 companies without fund manager bias.
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Impressive Wealth Growth: An investment of ₹1 lakh in 2014 would be worth ₹8.6 lakh in 2024—an 8.6x increase in ten years.
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Affordable Entry Point: The NAV of ICICI Prudential Mid-Small 400 Index Fund is ₹10, offering a low-cost opportunity to invest and maximize gains.
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Semi-Annual Rebalancing: The ICICI Prudential Mid-Small 400 Index Fund rebalances in January and July, keeping it in line with market trends and reducing risk.
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Proven Returns: The ICICI Mid-Small Cap 400 Index Fund has delivered a strong 10-year return of 24%+++.
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Trustworthy ICICI Prudential: ICICI Prudential holds Assets Under Management (AUM) of 2.94 lakh crore, demonstrating trust and stability.
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ULIP Products with Low Costs: ICICI Pru Signature ULIP has zero premium allocation charges and offers premium allocation and mortality charge returns with added flexibility for families.
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Entry-Level Pricing: Start investing with ICICI Prudential Life Ezy Grow -Whole Life Retirement Plan beginning at Rs. 2,000, providing an accessible entry point.
+++Returns as on 30/04/2024.
*Data Source-https://www.niftyindices.com/reports/historical-data
Benefits of Investing in an ICICI Pru Mid - Small Cap 400 Index Fund
Some potential benefits of investing in ICICI Pru Mid - Small Cap 400 Index Fund NFO are as follows:
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Broader Diversification
Investing in a Mid-Small Cap 400 Index Fund gives you exposure to a diverse mix of medium and small companies. This reduces risk by spreading investments across various industries and sectors.
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Greater Growth Potential
Mid-cap and small-cap companies tend to grow faster than large-cap companies. By investing in this fund, you're positioning yourself to benefit from the higher growth rates that these companies often experience.
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Hassle-Free Investing
With a Mid-Small Cap 400 Index Fund, there's no need to worry about selecting individual stocks or timing the market. This passive investment strategy simply tracks the index, allowing you to invest without the stress and complexity of active trading.
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Deductions on Premium Payments:
You can claim a deduction for the annual premiums you pay towards the investment plans offered by ICICI Pru Life Insurance under Section 80C. This deduction can help reduce your taxable income by up to ₹ 1.5 lakhs per financial year.
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Tax Benefits on Payouts:
The maturity benefits from the different ICICI Pru investment plans are tax-free under Section 10(10D) of the Income Tax Act.
Index Funds vs. Actively Managed Funds
Let us understand the key differences between active and passive funds:
| Parameter |
Index Fund (Passive Fund) |
Actively Managed Fund |
| Performance |
Mimics the Benchmark |
It may or may not beat the benchmark |
| Risk Profile |
No Added Risk |
Might have risks depending on the performance |
| Stock Picking |
Copies the Benchmark |
May have more concentrated positions |
| Underperforming to the Market |
No |
Yes |
| Bias Investing |
No |
Yes |
ICICI Prudential Midcap 150 Index Fund, Max Life Midcap Momentum Index Fund, and Bajaj Allianz Life Midcap Index Fund NFO are some examples of an index fund.
What is the Mid-Small 400 Index?
The Nifty Mid Small Cap 400 Index is a stock market index that tracks the performance of mid-sized and small companies listed on the National Stock Exchange of India (NSE). It essentially combines two other Nifty indices:
By combining these two indices, the Nifty MidSmallcap 400 offers a broader perspective on the performance of this segment of the Indian stock market.
About ICICI Prudential Life Insurance
ICICI Prudential Life Insurance is a joint venture between ICICI Bank and Prudential Corporation Holdings. It is one of the leading private life insurance companies in India. The company offers a wide range of life insurance products, ULIPs, child plans, retirement plans, and group insurance plans.
Prudential Private Limited Company operates across 23 markets in Asia and Africa and provides life and health insurance, along with asset management services.
ICICI Pru Savings Plans to Invest in New ICICI Prudential Life Mid Small Cap Index Fund NFO
You can invest in various investment plans offered by ICICI Pru Life Insurance:
| Plan Type |
Growth Plans |
Child Plans |
Retirement Plans |
| Plan Name |
ICICI Pru Life Signature Plan |
ICICI Pru Signature- Waiver of Premium Plan (WOP)* |
ICICI Pru Smart Kid Plan |
ICICI Pru Ezy Grow – Whole Life Plan |
ICICI Pru Signature – Whole Life Plan |
| Minimum Premium |
₹2,500 |
₹2,700 |
₹3,800 |
₹2000 to ₹4,999 |
₹5,000 |
* ICICI Pru Signature- WOP: Child Age + PPT should not be greater than 18 Years
** ICICI Pru Ezy Grow- Whole Life Plan: Available from ₹2,000 to ₹4,999. Post this investment, the plan switches to ICICI Pru Signature Plan.
Performance of Nifty Mid-Small Cap 400 Index vs Other Indices
The following table shows the past performance of the Nifty Mid – Small Cap 400 Index in comparison to other major indices:
| As on 29th April 2024 |
3-Year Returns |
5-Year Returns |
10-Year Returns |
| Nifty MidSmall Cap 400 |
28.70% |
28.00% |
24.20% |
| Nifty MidCap 150 |
27.20% |
23.00% |
20.50% |
| Nifty Small Cap 250 |
27.40% |
22.30% |
18.20% |
| Nifty 50 |
15.20% |
13.80% |
12.70% |
| Nifty 500 |
18.70% |
16.10% |
14.50% |
[Source: nseindia.com]
Constituent Stocks of Nifty Mid-Small Cap 400 Index (Weightage)
The top 10 stocks held under the Nifty Mid Small Cap 400 Index as of 29th April 2024 are as follows:
[Source: nseindia.com]
Top 10 Sectors of Nifty Mid-Small Cap 400 Index by Weightage
The sectoral representation of the Nifty Mid – Smallcap 400 Index as of 29 April 2024, by weightage:
| Sector |
Weightage (%) |
| Financial Services |
20.34 |
| Capital Goods |
14.29 |
| Healthcare |
10.89 |
| Automobile and Auto Components |
7.03 |
| Information Technology |
6.61 |
| Chemicals |
6.19 |
| Consumer Services |
4.09 |
| Consumer Durables |
4.01 |
| Realty |
3.44 |
| Oil, Gas & Consumable Fuels |
3.30 |
[Source: nseindia.com]
How to Buy ICICI Pru Life Mid-Small Cap 400 Index Fund NFO from Policybazaar?
Follow the steps mentioned below to purchase the Save ‘N’ Grow Plan for investing in ICICI Pru Life Midcap Index Fund NFO:
Step 1: Enter Your Name and Contact Information
Fill in your name and contact number in the form on this page to get started.
Note: Your details are kept confidential and will only be used to customise your benefits.
Step 2: Provide Key Details
Add additional information, including your city, age, and income, to help us customize your options.
Step 3: Explore Available Plans
Review the available ICICI Pru Investment Plans. Consider factors like performance, ratings, and other relevant criteria to find the best fit for you.
Step 4: Select Your Preferred Plan
Check the details of the plan carefully and click on “Proceed” by following the prompts displayed on the screen to finalize your purchase.
Opt from the following ICICI Prudential Life Insurance Plans to take advantage of the ICICI Pru Mid Small Cap Index Fund:
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ICICI Pru Life Signature Plan
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ICICI Pru Life Capital Guarantee Solution
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ICICI Pru Life Signature- Waiver of Premium Plan
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ICICI Pru Smart Kid Child Plan
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ICICI Pru Ezy Grow- Whole Life Retirement Plan
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ICICI Pru Signature- Whole Life Retirement Plan
Step 5: Click "Invest Now"
Once you have made your selection, click the "Invest Now" button and follow the instructions to complete your investment.
Step 6: Complete KYC and Payment
Provide the necessary Know Your Customer (KYC) details and complete your payment process.
Step 7: Receive Confirmation
After a successful payment, you will receive confirmation of your purchase.
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
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