COMPARE
ICICI Prudential Mid Cap Fund - Direct Plan - Growth vs Motilal Oswal Midcap Fund-Direct Plan-Growth Option
ICICI Prudential Mid Cap Fund and Motilal Oswal Midcap Fund- are both in the Mid Cap Fund category, from ICICI Prudential Asset Management Company Limited and Motilal Oswal Asset Management Company Limited respectively. Motilal Oswal Midcap Fund- has posted a higher 3-year rolling CAGR. Motilal Oswal Midcap Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Motilal Oswal Midcap Fund- has the lower direct-plan expense ratio, by 0.18 percentage points.
| ICICI Prudential Mid Cap Fund - Direct Plan - Growth | Motilal Oswal Midcap Fund-Direct Plan-Growth Option | |
|---|---|---|
| Category | Mid Cap Fund | Mid Cap Fund |
| AMC | ICICI Prudential Asset Management Company Limited | Motilal Oswal Asset Management Company Limited |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| NAV | ₹353.35 (2026-10-28) | ₹111.1353 (2026-10-28) |
| AUM | ₹7,561.501 Cr | ₹39,121.3 Cr |
| Expense Ratio (Direct) | 1.11% | 0.93% |
| Inception | 2004-09-06 | 2014-02-03 |
Returns
Motilal Oswal Midcap Fund- leads on 3-year rolling CAGR (22.0% vs ICICI Prudential Mid Cap Fund's 21.0%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ICICI Prudential Mid Cap Fund has been the more volatile of the two by standard deviation.
| ICICI Prudential Mid Cap Fund - Direct Plan - Growth | Motilal Oswal Midcap Fund-Direct Plan-Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.52 | 0.45 |
| 3Y Alpha | 5.125% | 4.3361% |
| 3Y Std Deviation | 17.9233% | 17.2477% |
| 3Y Calmar Ratio | 0.77 | 0.52 |
Portfolio Analytics
Motilal Oswal Midcap Fund- carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| ICICI Prudential Mid Cap Fund - Direct Plan - Growth | Motilal Oswal Midcap Fund-Direct Plan-Growth Option | |
|---|---|---|
| P/E Ratio | 35.8318 | 42.0345 |
| P/B Ratio | 9.9087 | - |
| Dividend Yield | 0.9624% | 0.283% |
| Active Share | 73.7% | 81% |
| Portfolio Turnover | - | 94% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
ICICI Prudential Mid Cap Fund and Motilal Oswal Midcap Fund- carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, ICICI Prudential Mid Cap Fund or Motilal Oswal Midcap Fund-?
Motilal Oswal Midcap Fund-'s 3-year rolling CAGR of 22.0% is higher than ICICI Prudential Mid Cap Fund's 21.0%. Motilal Oswal Midcap Fund- sits in the 62nd percentile of its category on this metric, versus the 45th percentile for ICICI Prudential Mid Cap Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, ICICI Prudential Mid Cap Fund or Motilal Oswal Midcap Fund-?
Motilal Oswal Midcap Fund-'s direct-plan expense ratio is 0.18 percentage points lower than ICICI Prudential Mid Cap Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, ICICI Prudential Mid Cap Fund or Motilal Oswal Midcap Fund-?
By standard deviation (a measure of how much a fund's returns swing around its own average), ICICI Prudential Mid Cap Fund has been more volatile than Motilal Oswal Midcap Fund- over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.52 for ICICI Prudential Mid Cap Fund vs 0.45 for Motilal Oswal Midcap Fund-) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, ICICI Prudential Mid Cap Fund or Motilal Oswal Midcap Fund-?
Motilal Oswal Midcap Fund- has ₹39,121 Cr in assets under management, versus ₹7,562 Cr for ICICI Prudential Mid Cap Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, ICICI Prudential Mid Cap Fund or Motilal Oswal Midcap Fund-?
ICICI Prudential Mid Cap Fund launched on 2004-09-06, making it older than Motilal Oswal Midcap Fund- (launched 2014-02-03). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.