ICICI Prudential NASDAQ 100 Index Fund - IDCW

ICICI Prudential NASDAQ 100 Index Fund - IDCW ranks among the stronger performers in the Mid Cap category, currently carrying a 3-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 81/100.

Cost: At 0.35%, the expense ratio is meaningfully cheaper — about 55% below the Mid Cap category average of 0.77% (based on 230 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a strong Sharpe ratio of 1.21 — the fund has generated solid returns relative to the volatility it exposed investors to. Separately, with 21.11% annualised volatility, this is among the more turbulent funds in the Mid Cap space — expect sharp swings in both directions.

Who should invest: This fund is best suited to investors with a 5+ year horizon comfortable with meaningfully higher volatility than large cap funds. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.