ICICI Prudential Asset Management Company Ltd. is a leading asset management company (AMC) which is focused on bridging the gap between savings & investments and creating long-term wealth for investors through a range of simple and relevant investment solutions.
ICICI Prudential mutual funds offer a variety of corporate and retail investment solutions across different investment instruments like equity, fixed income and gold.
Let’s look into the best 5 ICICI Prudential mutual funds available in market right now.
| Fund Name | 1Y | 3Y | 5Y | Expense Ratio | Turnover Ratio | Category | Risk |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Bluechip Fund Direct Growth | -3.26% | 9.17% | 9.29% | 1.21% | 144% | Equity
(Large Cap) |
Moderately High |
| ICICI Prudential Technology Direct Plan Growth | -2.43% | 16.87% | 10.39% | 1.75% | 24% | Equity
(Sectoral/Thematic) |
High |
| ICICI Prudential Equity & Debt Fund Direct Growth | -0.34% | 8.79% | 10.34% | 1.19% | 199% | Hybrid
(Aggressive) |
Moderately High |
| ICICI Prudential Liquid Fund Direct Plan Growth | 7.33% | 7.08% | 7.6% | 0.2% | NA | Debt
(Liquid) |
Low |
| ICICI Prudential Nifty Next 50 Index Direct Growth | -10.55% | 5.99% | 9.12% | 0.39% | 63% | Others
(Index) |
Moderately High |
In this article
- About ICICI Prudential mutual funds
- Why investors choose ICICI Prudential mutual fund?
- 5 best ICICI Prudential mutual funds to look out for – Details
- Equity Category
- 1. ICICI Prudential Focused Bluechip Equity Fund
- Sector/Thematic
- 2. ICICI Prudential Technology Fund – Direct – Growth
- Hybrid Category
- 3. ICICI Prudential Equity & Debt Fund – Direct – Growth
- Debt Category
- 4. ICICI Prudential Liquid Fund – Direct – Growth
- Index Category
- 5. ICICI Prudential Nifty Next 50 Index Fund – Direct
- Conclusion
About ICICI Prudential mutual funds
The ICICI Prudential AMC is a joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of UK’s largest players in the financial service sector.
The AMC manages significant Assets under Management (AUM) in the mutual fund segment. It is the largest AMC in the country as per average assets under management as on 31 March 2018 of ₹ 305,739 Crores.
The AMC also caters to Portfolio Management Services for investors, spread across the country, along with International Advisory Mandates for clients across international markets in asset classes like Debt, Equity and Real Estate.
The AMC has witnessed substantial growth in scale, from 2 locations and 6 employees at the inception of the joint venture in 1998, to a current strength of 1913 employees with a reach across over 200 locations reaching out to an investor base of more than 3 million (As on March 31, 2018).
The company’s growth momentum has been exponential and it has always focused on increasing accessibility for its investors.
ICICI Prudential Mutual Fund Renaming and Re-Categorization: The Fully Updated List
Why investors choose ICICI Prudential mutual fund?
Key reasons for choosing in ICICI Prudential mutual funds are:
1.ICICI Prudential AMC is one of the leading asset management companies in India.
2.Their mutual fund schemes are driven by an entirely investor-centric approach, the organization today is a suitable mix of investment expertise, resource bandwidth and process orientation.
3.ICICI Prudential mutual fund schemes, endeavors to simplify its investor’s journey to meet their financial goals, and give a good investor experience through innovation, consistency and sustained risk-adjusted performance.
4.ICICI Prudential Mutual Fund has gained investor trust by managing funds as per its investment objectives and has been able to deliver superior risk-adjusted return.
5. This fund house over the last 20 years has emerged as a leading investment solution provider in India and has always aimed to fulfill its fiduciary responsibility of managing investor’s wealth with prudence and due diligence.
In this article, we will talk about the top best 5 ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund: Know More About this Fund House
5 best ICICI Prudential mutual funds to look out for – Details
Equity Category
The best ICICI Prudential Mutual Fund scheme in this category is:
1. ICICI Prudential Focused Bluechip Equity Fund
This is a Large Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with a moderately high risk and has given a return of 14.36% since its launch.
Ideal investment duration for this funds: 4 years and above.
Key information of this fund:
| Launch Date | 01 January 2013 |
| NAV (23 Oct 2018) | ₹40.7 |
| Plan Type | Direct |
| Rating by Groww | 5 Star |
| AUM (Fund Size) | ₹16,539 Cr |
| Riskometer | Moderately high |
| Minimum SIP | ₹100 |
| Minimum SWP | ₹500 |
| Performance w.r.t its Benchmark | Has consistently outperformed its benchmark NIFTY 50 Total Return since its launch. |
| Age of the fund | 5 years old |
| Expense Ratio | 1.11% |
| Exit Load | If redeemed between 0 Year to 1 Year; Exit Load is 1%; |
| Type | Open-ended |
Investment objective
The investment objective of the fund is to generate long-term capital appreciation and income distribution to unitholders, from a portfolio that is invested in equity and equity related securities of about 20 companies belonging to the large cap domain.
The fund manager will always select stocks for investment from among the Top 200 stocks in terms of market capitalization on the National Stock Exchange of India Ltd.
If the total asset under management under this scheme goes above 1000 crores, the fund manager reserves the right to increase the number of companies to more than 20.
Allocation
5 Best Large Cap Funds to Invest in 2018: The Least Risky Equity Mutual Funds You Can Invest In
Sector/Thematic
A sector fund is a type of mutual fund which invests in stocks of companies that operate in a particular industry or sector of the economy.
2. ICICI Prudential Technology Fund – Direct – Growth
Technology is one the best sectors to bet on in the current market scenario and for the near future.This is the best fund in technology sector, which has given 21% return since its launch.
Ideal investment duration for these funds: Variable* (differs with the sector chosen for investment)
Key information
| Launch Date | 1 January 2013 |
| NAV (23 Oct 2018) | ₹59 |
| Plan Type | Direct |
| Rating by Groww | 5 Star |
| AUM (Fund Size) | ₹495 Cr |
| Riskometer | High |
| Minimum SIP | ₹1,000 |
| Minimum SWP | ₹500 |
| Performance w.r.t its Benchmark | Has consistently outperformed its benchmark S&P BSE IT TRI since its launch. |
| Age of the fund | 5 years old |
| Expense Ratio | 1.74% |
| Exit Load | If redeemed bet. 0 Year to 1 Year; Exit Load is 1%; |
| Type | Open Ended |
This scheme seeks long-term capital appreciation by investing in equity and equity-related securities of technology and technology dependent companies.
A sector fund is a type of mutual fund which invests in stocks of companies that operate in a particular industry or sector of the economy. Returns and risk associated with this fund depend on the sector of investment.
The best mutual fund in case of sector funds is very hard to determine. It is obviously because each and every sector is different. Therefore, each of them behaves differently.
Allocation
Check out the top 3 technology sector funds of 2018
Hybrid Category
Balanced or hybrid funds are investment instrument, where an asset management company invest the money gather into both debt and equity.
These are diversified mutual funds having the perfect balance between risk and returns on investment and are most popular mutual funds these days.
The best ICICI Prudential Mutual Fund scheme in this category is:
3. ICICI Prudential Equity & Debt Fund – Direct – Growth
This is hybrid equity-oriented mutual fund launched on January 1, 2013. It is a fund with moderate risk and has given a return of 15.71% since its launch.
Key information of this fund:
| Launch Date | 01 January 2013 |
| NAV (23 Oct 2018) | ₹132.2 |
| Plan Type | Direct |
| Rating by Groww | 5 Star |
| AUM (Fund Size) | ₹27,342 Cr |
| Riskometer | Moderate |
| Minimum SIP | ₹1000 |
| Minimum SWP | ₹500 |
| Performance w.r.t its Benchmark | Has consistently outperformed its benchmark CRISIL Hybrid 50+50 Moderate Index since its launch. |
| Age of the fund | 5 years old |
| Expense Ratio | 1.05% |
| Exit Load | If redeemed between 0 Year to 1 Year; Exit Load is 1%; |
| Type | Open ended |
Investment objective
This fund seeks to generate long-term capital appreciation and current income from a portfolio that is invested in equity and equity related securities as well as fixed income securities.
This type of fund also provides the fund manager with the flexibility of changing the debt and equity proportion, depending upon the market situation. So in a bullish market, a higher proportion will be attributed towards equity rather than debt.
Allocation
Debt Category
Debt funds are low-risk mutual funds which invest most of the money gathered from investors into fixed income instruments like corporate bonds, government bonds (both state and central), bonds issued by banks, certificate of deposit, treasury bills etc.
4. ICICI Prudential Liquid Fund – Direct – Growth
This is the best liquid fund and invests in debt and money market securities with maturity of up to 91 days only.
Ideal investment duration: Few days – Few weeks
Key information
| Launch Date | 1 January 2013 |
| NAV (23 Oct 2018) | ₹267 |
| Plan Type | Direct |
| Rating by Groww | 5 Star |
| AUM (Fund Size) | ₹47,395 Cr |
| Riskometer | Moderately Low |
| Minimum SIP | ₹500 |
| Minimum SWP | Not Supported |
| Performance w.r.t its Benchmark | Has consistently outperformed its benchmark CRISIL Liquid since its launch. |
| Age of the fund | 5 years old |
| Expense Ratio | 0.15% |
| Exit Load | NIL |
| Type | Open Ended |
The scheme seeks reasonable returns, commensurate with low risk levels while providing a high level of liquidity.
Approximately 80% of the corpus would be invested in money market securities, while the balance would be placed in high quality debt instruments.
Allocation
Check out 10 Debt Funds with No Exit Load
Index Category
Index funds, as the name suggests, invest in an index. These funds purchase all the stocks in the same proportion as in a particular index. The scheme will perform in tandem with the index it is tracking, save for a small difference known as tracking error.
Unlike actively managed mutual funds, index funds passively track the performance of a particular index. These funds are not meant to outperform the market, but mimic the performance of the index.
The best ICICI Prudential Mutual Fund scheme in this category is:
5. ICICI Prudential Nifty Next 50 Index Fund – Direct
This is an Index Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with high risk and has given a return of 17.79% since its launch.
Key information of this fund:
| Launch Date | 01 January 2013 |
| NAV (23 Oct 2018) | ₹23.4 |
| Plan Type | Direct |
| Rating by Groww | 5 Star |
| AUM (Fund Size) | ₹ 277 Cr |
| Riskometer | High |
| Minimum SIP | ₹1000 |
| Minimum SWP | ₹500 |
| Performance w.r.t its Benchmark | Has consistently outperformed its benchmark NIFTY Next 50 TRI since its launch. |
| Age of the fund | 5 years old |
| Expense Ratio | 0.44% |
| Exit Load | If redeemed bet. 0 Days to 7 Days; Exit Load is 0.25%; |
| Type | Open ended |
Investment objective
The investment objective of this scheme is to invest in companies whose securities are included in Nifty Junior Index (the Index) and this endeavors to achieve returns of the above index as closely as possible.
The scheme does not seek to outperform the CNX Nifty Junior.
Allocation
Check out the best index funds you should be investing in
Conclusion
The domestic market crashed big time in the last few months and is further falling.
In the current market scenario, only few mutual fund AMCs have been able to retain ranking for their mutual fund schemes. ICICI Prudential has retained top ranks in most of the mutual fund categories.
It has constantly been at the forefront of innovation and has introduced various products aligned to meet customer needs, leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt.
Investing in mutual funds online is very simple and paperless. Simply log in to your Groww account, choose a fund, and invest using net banking – exactly like you would when shopping online.
Start investing in mutual fund early and stay invested for longer duration to get its true benefit. Here are the top 10 mutual fund for you to bet in 2019, check out Best mutual funds to invest in 2019.
Happy Investing!
Disclaimer: The views expressed in this post are that of the author an not those of Grow
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