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ICICI Prudential Mutual Fund is a JV between two reputed names from the domestic and global financial industry - India's ICICI Bank and UK's Prudential Plc. Formed in the year 1993, it is currently the 2nd largest fund house in the country. The fund house is known in the industry for its investment expertise, process orientation and investor centric approach.
ICICI Prudential Mutual Fund offers a wide array of investment opportunities - equity schemes, debt schemes, hybrid schemes, tax-saving option, ETF/Index Funds as well as Fund of Funds. It also has solution-oriented schemes for effective financial planning for childcare and retirement. With over 68 schemes in their product suite, ICICI Prudential has ensured that each investor can find the perfect investment opportunity for themselves. Additionally, it also offers portfolio management and international advisory services as well as real estate financing.
It serves more than 56 lakh investors through 300 touch points spread throughout the country. ICICI Prudential's total fund size as on 31st May 2020 stood at ₹328,025.75 crores.
ICICI Prudential offers schemes across asset categories, suitable for varied risk appetites and wide investment tenures. Each fund's performance is measured against the benchmark index across various timelines (since inception, 5-year, 3-year, 1-year, etc.) Many of these funds have outperformed their respective benchmarks handsomely. Here is a list of the top-performing funds of ICICI Prudential Mutual fund
| Fund Name | 3-year Returns(%)* | 5-year Returns(%)* | |
| ICICI Prudential US Bluechip Equity Fund | 19.24% | 17.1% | Invest |
| ICICI Prudential Regular Gold Savings Fund (FOF) | 24.93% | 16.55% | Invest |
| ICICI Prudential Constant Maturity Gilt Fund | 14.21% | 11.99% | Invest |
| ICICI Prudential Long Term Bond Fund | 12.36% | 11.04% | Invest |
| ICICI Prudential Gilt Fund | 12.25% | 10.86% | Invest |
*Last updated as on 23rd Jun 20
ICICI Prudential offers 28 equity funds to investors. These schemes invest predominantly in equities and seek to create capital appreciation. They are ideal for investors who are willing to absorb some risk in order to earn superior returns in the long run. The ICICI Prudential Equity Funds can be further categorized basis factors such as market capitalization, sector or thematic, value style, investment horizon, etc. The cumulative AUM of the equity mutual funds stood at ₹1,30,688.53 crores as on 31th May 2020. Have a look at the top-performing trending equity mutual funds from ICICI Prudential.
| Fund Name | 3-year Returns(%)* | 5-year Returns(%)* | |
| ICICI Prudential US Bluechip Equity Fund | 19.24% | 17.1% | Invest |
| ICICI Prudential Global Stable Equity Fund (FOF) | 6.86% | 7.01% | Invest |
| ICICI Prudential FMCG Fund | 1.28% | 6.65% | Invest |
| ICICI Prudential Technology Fund | 2.93% | 6.64% | Invest |
| ICICI Prudential Focused Equity Fund | 0.76% | 4.35% | Invest |
*Last updated as on 23rd Jun 20
ICICI Prudential Debt funds invest in debt and money market instruments. These funds are perfect for investors who have a relatively lower risk appetite. The product line includes Fixed Maturity Plans, Liquid Funds, Income Funds, Duration based funds (short, overnight, ultra-short, etc.) and Gilt Funds. As these funds invest predominantly in Interest bearing debt instruments, the risk of default or fluctuation is minimised.. Investors can choose from any of the 16 debt funds offered by ICICI Prudential. The AUM (as on 31st May 2020) of the Gilt Funds, Liquid/Money Market Funds and other debt oriented schemes was ₹2820.25 crores, ₹72,781.29 crores, ₹87,426 Crores respectively.
Have a look at the top performing debt mutual funds from ICICI Prudential.
| Fund Name | 3-year Returns(%)* | 5-year Returns(%)* | |
| ICICI Prudential Constant Maturity Gilt Fund | 14.21% | 11.99% | Invest |
| ICICI Prudential Long Term Bond Fund | 12.36% | 11.04% | Invest |
| ICICI Prudential Gilt Fund | 12.25% | 10.86% | Invest |
| ICICI Prudential All Seasons Bond Fund | 10.8% | 10.27% | Invest |
| ICICI Prudential Bond Fund | 10.69% | 9.49% | Invest |
*Last updated as on 23rd Jun 20
Hybrid Funds help investors to get the best of different asset categories. Currently, ICICI Prudential has six hybrid funds in its product suite. The diversified variants ensure that there is a right scheme for each investor irrespective of their risk profile (conservative or aggressive) or investment horizon (short, medium or long-term). The suitability aspect of each fund is also highlighted (for instance regular income, short term savings, asset allocation, etc.) which enables investors to select the right fund in line with their financial goals. The AUM of ICICI Prudential Hybrid Mutual Funds as on 31st May 2020 was ₹80026 crores. Here is a list of the top-performing ICICI Pru Mutual Funds in this category.
| Fund Name | 3-year Returns(%)* | 5-year Returns(%)* | |
| ICICI Prudential Regular Savings Fund | 7.12% | 8.45% | Invest |
| ICICI Prudential Asset Allocator Fund (FOF) | 5.15% | 7.63% | Invest |
| ICICI Prudential Equity Arbitrage Fund | 6.46% | 6.58% | Invest |
| ICICI Prudential Balanced Advantage Fund | 3.59% | 6.45% | Invest |
| ICICI Prudential Equity Savings Fund | 3.67% | 5.84% | Invest |
*Last updated as on 23rd Jun 20
ICICI Prudential offers one tax saving mutual fund which also has the potential for becoming a vehicle for long-term wealth creation. ICICI Prudential Long Term Equity Fund (Tax Saving) is an open-ended Equity Linked Savings Scheme. It has a three-year lock-in period, zero loads (entry and exit) and ranks moderately high on the risk-o-meter. The fund invests a substantial chunk of the portfolio in large-cap stocks (71%) making it a stable and dependable investment option. In terms of sectoral allocation, Finance, Energy and Healthcare are the top three sectors.
Since its inception in 1999, it has generated a CAGR of 18.20% . The AUM of the fund as on 31st May 2020 was ₹5595 Crores.
The expense ratio of the ICICI Prudential Bluechip Fund is 1.92% for regular plans and 1.23% for direct plans. There would be an exit load of 1% if you redeem before completion of one year from date of investment.
ICICI Prudential Bluechip Fund is exposed greatly in the banking sector. HDFC Bank Limited, Infosys has the maximum share of holding.
Top 5 portfolio holding as on 31st May 2020 is:
| Company | Sector | % Assets |
| HDFC Bank | Financial | 8.78 |
| Infosys | Technology | 7.11 |
| Bharti Airtel | Communication | 6.07 |
| Reliance Industries | Energy | 5.96 |
| ICICI Bank | Financial | 5.49 |
The minimum investment in ICICI Prudential Bluechip Fund is ₹100 for fresh investment.
The expense ratio of the ICICI Prudential Equity and Debt Fund is 1.77% for regular plans and 1.26% for direct plans. The Exit Load is NIL if redeemed post 1 year of investment. For redemption within 1 year of investment, the Exit Load is NIL for the first 10% of the investment and 1% for the rest of the amount.
Top 5 portfolio holding as on 31st May 2020 is:
| Company | Sector | % Assets |
| NTPC | Energy | 8.02 |
| Bharti Airtel | Communication | 7.41 |
| ICICI Bank | Financial | 6.1 |
| ONGC | Energy | 4.48 |
| Cipla | Healthcare | 3.58 |
The minimum investment in ICICI Prudential Bluechip Fund is ₹5000 for fresh investment.
The expense ratio of the ICICI Prudential Balanced Advantage Fund is 1.67% for regular plans and 1.05 % for direct plans. The Exit Load is NIL if redeemed post 1 year of investment. For redemption within 1 year of investment, the Exit Load is NIL for the first 10% of the investment and 1% for the rest of the amount.
Top 5 portfolio holding as on 31st May 2020 is:
| Company | Sector | % Assets |
| Reliance Industries | Energy | 5.26 |
| HDFC Bank | Financial | 4.74 |
| ICICI Bank | Financial | 3.49 |
| Bharti Airtel | Communication | 3.25 |
| Infosys | Technology | 2.87 |
The minimum investment in ICICI Prudential Balanced Advantage Fund is ₹500 for fresh investment.
The expense ratio of the ICICI Prudential Nifty Next 50 Index Fund Growth is 0.49%. There is No Exit load in this scheme.
Top 5 portfolio holding as on 31st May 2020 is:
| Company | Sector | % Assets |
| Avenue Supermarts | Services | 5.21 |
| HDFC Life Insurance | Financial | 4.72 |
| Divi's Laboratories | Healthcare | 4.69 |
| SBI Life Insurance Company | Financial | 4.35 |
| Dabur India | FMCG | 4.06 |
The minimum investment in ICICI Prudential Nifty Next 50 Index Fund Growth is ₹100.
The expense ratio of the ICICI Equity Savings Fund is 1.35% for regular plans and 0.69% for direct plans. The Exit Load is NIL if redeemed or switched out post 15 days of investment. The Exit Load is 1% of applicable NAV if redeemed or switched out within 15 days of investment.
ICICI Prudential Equity Savings Fund is exposed greatly in the banking and Financial sector, Energy sector and FMCG sector. Bharti Airtel, ICICI Bank limited, Sun Pharma have a maximum share of holding.
Top 5 portfolio holding as on 31st May 2020 is:
| Company | Sector | % Assets |
| Bharti Airtel | Communication | 7.03 |
| ICICI Bank | Financial | 4.21 |
| Sun Pharmaceutical Inds. | Healthcare | 3.22 |
| Infosys | Technology | 3.15 |
| NTPC | Energy | 3.12 |
Minimum investment amount in ICICI Prudential Equity Savings Fund is ₹5000 for fresh subscription and ₹100 for SIP
Customers of ICICI Mutual Fund can contact the AMC either at their registered offices or call or send mail. Details are mentioned below:-
Registered Address-
Registered Off. -1201-1212, Narian Manzil, 23 Barakhamba Road, Connaught Place, New Delhi-110001
Corporate Office Address - One BKC, 13th Floor, Bandra Kurla Complex, Bandra, Mumbai- 400051
Phone- (022)26525000, Fax - (022)26528100
Central Service Office - 2nd Floor, Block- B-2, Nirlon Knowledge Park, Western Express Highway, Goregaon (East), Mumbai- 400063. Phone- (022)26852000, Fax - (022)26868313
Toll Free Number- 1800-222-999(for BSNL/MTNL), 1800-200-6666 (others)
Time- 8am-8pm (Monday- Saturday), 9am-7pm (Sunday)
Overseas Number- +91-22-28586002
Email Id enquiry@icicipruamc.com
To invest online in ICICI Prudential Mutual Fund, an investor can visit the mutual fund app ET Money and look for the Mutual fund by its category. The clear overview of the fund divided sector and category wise helps the investor to decide according to his requirements. The ET Money investment Dashboard is an extremely comprehensible that can guide its investor to a hassle-free investment and that too without any commission. ET Money works on a 'No Commission' basis and is thus a one-stop solution for both veteran and novice investors.
ICICI Bank Mutual Fund has managed to scroll up the ladder as one of the most reputed AMCs competing with its contemporaries and providing value-based services to its customers providing them returns along with certainty against the erosion of funds. This has mainly been possible due to the experience and expertise of their Fund Management team.
This team has leaders like Mr. S. Naren, who is the Executive Director and Chief Investment Officer for ICICI Bank Mutual Fund. He with an experience of over 28 years is both the strategy maker and the executor of the same for the entire ICICI Bank Mutual Fund and International Advisory part of the business. He has deep insight and understanding of the Indian Equity Market, stockbroking, banking operations, and equity research, and that makes him one of the most renowned Fund Managers across the industry.
He had joined ICICI Bank Mutual Fund in 2004. He has been a B.Tech Engineer from IIT Chennai, and has done his MBA in Finance from IIM Kolkata and had worked with a number of security companies holding the various positions of value before joining ICICI Bank Mutual Fund.
The highly valued funds in terms of NAV, Asset and also Investor choice like ICICI Prudential Value Discovery Fund, ICICI Prudential Midcap Fund, ICICI Prudential Technology Fund, ICICI Prudential Dividend Yield Fund of ICICI Bank Mutual Fund are at present managed by Mr. Mrinal Singh.
His expertise is the equity market in addition to portfolio management and he has worked with many companies across varied industries like IT, Automobile and Finance like in Wipro Ltd and Robert Bosch GmbH.
He had joined ICICI Bank Mutual Fund in 2008 and has an overall experience of 16 years. He is a Bachelor of Engineer, has done his Post Graduation Diploma in Management from SP Jain College in Mumbai.
Mr. Goswami presently manages 8 funds of ICICI Bank Mutual Fund all of which are debt funds. These funds are like ICICI Prudential Liquid Plan, ICICI Prudential Floating Rate Fund, ICICI Prudential Flexible Income Plan, ICICI Prudential Banking & PSE Debt Fund, ICICI Prudential Guilt Plan, ICICI Prudential Medium Term Plan, ICICI Prudential Multiple Yield Fund, ICICI Prudential Capital Protection Oriented Fund. This is the second tenure of Mr.Goswami in ICICI Bank Mutual Fund when he has joined the company as the Chief Investment Officer - Fixed Income.
In his previous spell from 2004 to 2009, he had been the Co-Head of Fixed Income and had managed 8 debt funds. He had looked into the forex movement, liquidity of the market and economic development.
Mr.Goswami has an overall experience of 22years and has worked with various companies in the Finance industry including Standard Chartered Bank, UTI Bank, Franklin Templeton and many others before joining ICICI Bank Mutual Fund. He is a B.Sc. and MBA from Bhopal University.
ICICI Mutual Fund has prepared a basket full of funds to invest in and the diversity of the funds in terms of type, allocation, sector and so on makes the funds as unique as many other funds. This diversity allows the customer to choose a fund depending on his goals and requirements. However, which is the best ICICI Prudential Mutual Fund depends on the investor's risk profile and asset allocation as each fund has a unique objective and hence cannot be compared. There are some top-performing funds in each category which can be evaluated at the time of investment.
The easiest way to redeem your money from ICICI Prudential Mutual Fund is through the ET Money Mobile Application.
However, it can be done otherwise as well. An Investor can submit a duly signed redemption request for his ICICI Bank Mutual Fund one time investment or ICICI SIP plans in any of the Official Acceptance point of ICICI Mutual Fund office or at CAMS before 3 pm. The redemption would be processed as per the value of the NAV of the present day and its amount multiplied by the number of units put forward for redemption would be the fund value.
As per the regulations put forward by SEBI, the redeemed funds should reach the investor in a maximum of 10 days. But the turnaround time for redemption requests varies from fund to fund where a little extra time is needed to redeem a TAT is seen for the debt funds.
A customer can request for the details of his investment in ICICI Prudential MF by requesting for an account statement online on visit one of the registered offices to request for a statement or do the same via any of the contact points provided by the Asset Management Company.
He can also request for a statement by visiting the official site of ICICI Prudential MF. There he needs to move into the 'Customer Service' option and select 'Request for E-Statement' and then by filling up a few regular details one can very easily obtain the statement of his investment.
An investor can also keep a close watch at the NAV and thus maintain a clear idea about the growth of his fund.
All this can be seamlessly done through the ET Money Application as well.
You can easily check your entire portfolio status on ET Money Mobile Application, including the status of your ICICI Prudential Mutual Fund.
ICICI Prudential Mutual Fund status including the ICICI Bank SIP can be checked online at the official website of the Asset Management Company. The customer can also find out the status of his investment via any of the other options such as by calling up the toll-free number or sending an email or visiting any of the registered offices of ICICI Prudential Mutual Fund
NAV is the valuation of the total asset that is managed under the heading of each fund of ICICI Prudential Mutual fund. The NAV is separate for every scheme and every fund with all its option in it is declared on a daily basis.
SEBI is a the regulator for the entire Mutual Fund industry and guides each and every investment scheme of the AMCs ensuring that your money is safely invested. However, the investment in every scheme is subject to market risk and that needs to be evaluated according to the risk profile of the investor before investing.
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