ICICI Prudential Asset Management Company Ltd. is a leading asset management company (AMC) in the focused on bridging the gap between savings & investments and creating long-term wealth for investors through a range of simple and relevant investment solutions.

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 services sectors.

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.

Here is the list of best ICICI Prudential mutual fund schemes in each category of mutual fund.

ICICI Large Cap Mutual Funds

Large-cap funds invest in large cap companies which are big, well-established companies of the equity market. These companies are strong, reputable, trustworthy and generally are top 100 companies in a market.

The best ICICI Prudential Mutual Fund scheme in this category is:

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 moderately high risk and has given a return of 16.59% since its launch.

Returns per annum over the years from this fund are :

Duration Returns
1 year  15.06%
3 years  13.05%
5 years  17.49%

Key information of this fund:

Launch Date 01 January 2013
Fund Category Equity – Large Cap
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹16,539 Cr
Riskometer Moderately high
Minimum SIP ₹1000
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 1.26%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open ended

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 and the balance in debt securities and money market instruments.

The Fund Manager will always select stocks for investment from among Top 200 stocks in terms of market capitalization on the National Stock Exchange of India Ltd.

If the total assets 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.

ICICI Prudential Mid Cap Funds

Here, the mutual fund invests in stocks of mid size companies. Mid caps are compact companies of the equity market, falling somewhere between small and large cap companies and are 100-250 companies by market capitalization.

The best ICICI Prudential Mutual Fund scheme in this category is:

ICICI Prudential Mid Cap Fund – Direct

This is a Mid Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with high risk and has given a return of 23.66% since its launch.

Returns per annum over the years from this fund are :

Duration Returns
1 year  14.42%
3 years  15.44%
5 years  27.98%

Key information of this fund:

Launch Date 01 January 2013
Fund Category Equity – Mid Cap
Plan Type Direct
Rating by Groww 3 Star
AUM (Fund Size) ₹1,519 Cr
Riskometer High
Minimum SIP ₹1000
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark NIFTY Mid cap 100 TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.37%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open ended

This scheme aims to generate long-term capital appreciation by investing in diversified mid cap stocks portfolio. It will predominantly invest in companies with market capitalization falling between the lowest and the highest market capitalization among the constituents of Nifty Mid cap 100 Index.

ICICI Multi Cap Mutual Funds

These funds are used to minimize the risk and diversify the investment. In these funds, capital is invested in companies across different sectors and of different capitalization.

The best ICICI Prudential Mutual Fund scheme in this category is:

ICICI Prudential Dynamic Plan

This is a Multi Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with very high risk and has given a return of 16.84% since its launch.

Returns per annum over the years from this fund are :

Duration Returns
1 year  15.72%
3 years  12.24%
5 years  18.76%

Key information of this fund:

Launch Date 01 January 2013
Fund Category Equity – Multi Cap
Plan Type Direct
Rating by Groww 3 Star
AUM (Fund Size) ₹10,060 Cr
Riskometer Very high
Minimum SIP ₹1000
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 1.16%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open ended

This fund seeks to generate capital appreciation by actively investing in equity and equity related securities. For defensive considerations, the scheme may invest in debt, money market instruments and derivatives.

However, there can be no assurance that the investment objective of the Scheme will be realized.

ICICI Tax Saving ELSS Fund

ELSS is a dedicated mutual fund scheme that allows investors to save tax. It also provides an opportunity for long-term capital appreciation.

An ELSS fund manager invests in a diversified portfolio, predominantly consisting of equity and equity related instruments that carry high risk and have the potential to deliver high returns.

The best ICICI Prudential Mutual Fund scheme in this category is:

ICICI Prudential Long Term Equity Fund (Tax Saving) – Direct

This is an Open Ended ELSS fund with a lock-in of 3 years and launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 17.30% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  9.77%
3 years  11.36%
5 years  19.74%

Key information of this fund:

Launch Date 01 January 2013
Fund Category Equity – ELSS
Plan Type Direct
Rating by Groww 2 Star
AUM (Fund Size) ₹5,023 Cr
Riskometer Moderately high
Minimum SIP ₹500
Minimum SWP ₹500
Performance w.r.t its Benchmark Has not consistently outperformed its benchmark NIFTY 500 TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.21%
Exit Load NIL
Type  Open ended

The investment objective of the fund is to generate long-term capital appreciation by investing approximately 90% of the investments in equity instruments, while the balance 10% would be a parked in debt and money market instrument and cash.

However, there can be no assurance that the investment objective of the Scheme will be realized.

ICICI Sector Funds

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.

The best ICICI Prudential Mutual Fund scheme in this category is:

ICICI Prudential Banking and Financial Services Fund – Direct

This is a Sector Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 20.67% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  10.04%
3 years  20.44%
5 years  23.38%

Key information of this fund:

Launch Date 01 January 2013
Fund Category Equity – Sector
Plan Type Direct
Rating by Groww 5 Star
AUM (Fund Size) ₹2,831 Cr
Riskometer Moderately high
Minimum SIP ₹1000
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark NIFTY Financial Services TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.18%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open ended

ICICI Prudential Banking and Financial Services Fund is an open-ended equity scheme that seeks to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.

The performance of this fund is dependent on the performance of the whole Banking and financial service industry in India. Associated with this fund for some good numbers of years for getting the benefit of its high return on investment.

However, there can be no assurance that the investment objective of the Scheme will be realized.

ICICI Hybrid/Balanced Fund

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:

ICICI Prudential Balanced Growth

This is a Hybrid Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with moderate risk and has given a return of 14.38% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  10.04%
3 years  20.44%
5 years  23.38%

Key information of this fund:

Launch Date 01 January 2013
Fund Category Hybrid – Equity Oriented
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹25,957 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 0.91%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open ended

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 in fixed income securities.

This type of funds 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.

ICICI Prudential Index Funds

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:

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.

Returns per annum over the years from this fund are:

Duration Returns
1 year  9.51%
3 years  15.72%
5 years  19.53%

Key information of this fund:

Launch Date 01 January 2013
Fund Category Equity – Index
Plan Type Direct
Rating by Groww 5 Star
AUM (Fund Size) ₹157 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 0.45%
Exit Load If redeemed bet. 0 Days to 7 Days; Exit Load is 0.25%;
Type  Open ended

The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Junior Index (the Index) and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error.

The Scheme will not seek to outperform the CNX Nifty Junior. The objective is that the performance of the NAV of the Scheme should closely track the performance of the CNX Nifty Junior over the same period subject to tracking error.

ICICI Debt Funds

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.

The best ICICI Prudential Mutual Fund scheme in this category are:

ICICI Prudential Long Term Plan

This is a Dynamic bond launched on January 02, 2013. It is a debt fund with moderately low risk and has given a return of 11.26% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  6.55%
3 years  9.72%
5 years  11.43%

Key information of this fund:

Launch Date 02 January 2013
Fund Category Debt – Dynamic
Plan Type Direct
Rating by Groww 5 Star
AUM (Fund Size) ₹3,674 Cr
Riskometer Moderately Low
Minimum SIP ₹1000
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Composite Bond since its launch.
Age of the fund 5 years old
Expense Ratio 0.84%
Exit Load If redeemed bet. 0 Month to 1 Month; Exit Load is 0.25%
Type  Open ended

The aim of this fund is to generate income through investments in a basket of debt and money market instruments with a view to provide reasonable returns with low-interest risks.

Dynamic funds switch aggressively between short-term and long-term debt funds. These funds invest across all classes of debt and money market instruments with no cap on maturity, or investment type.

ICICI Prudential MIP 25 

This is a Monthly Income Plans (MIPs) launched on January 03, 2013. It is a debt fund with moderately low risk and has given a return of 11.76% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  9.00%
3 years  10.63%
5 years  12.22%

Key information of this fund:

Launch Date 03 January 2013
Fund Category Debt – MIP
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹1,406 Cr
Riskometer Moderately Low
Minimum SIP ₹1000
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Hybrid 85+15 Conservative since its launch.
Age of the fund 5 years old
Expense Ratio 1.39%
Exit Load If redeemed bet. 0 Year to 1 Year; Exit Load is 1%;
Type  Open ended

The Scheme seeks to generate regular income through investments primarily in debt and money market instruments.

As a secondary objective, the Scheme also seeks to generate long-term capital appreciation from the portion of equity investments under the Scheme.

MIPs is the mixture of equities (around 10-15%) and fixed income securities. MIPs are suitable for investors with a big lump sum amount and want a monthly income on their investment.

ICICI Prudential Ultra Short Term Plan

This is an Ultra Short Term Fund type Debt Mutual Fund launched on January 02, 2013. It is a fund with low risk and has given a return of 8.83% since its launch

Returns per annum over the years from this fund are:

Duration Returns
1 year  6.09%
3 years  8.19%
5 years  8.70%

Key information of this fund:

Launch Date 02 January 2013
Fund Category Debt – Ultra Short Term
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹7,723 Cr
Riskometer Low
Minimum SIP Not Supported
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Short-Term Bond since its launch.
Age of the fund 5 years old
Expense Ratio 0.35%
Exit Load NIL
Type  Open ended

It is an open-ended income fund that intends to generate regular income through investments in a basket of debt and money market instruments of very short maturities with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield.

These funds invest in short-term debt securities with some small portion of long-term securities.

ICICI Prudential Gilt Fund – Investment Plan – PF Option

This is a Gilt fund launched on January 01, 2013.. It is a debt fund with moderately low risk and has given a return of 9.03% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  4.16%
3 years  8.91%
5 years  8.56%

Key information of this fund:

Launch Date 01 January 2013
Fund Category Debt – Gilt
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹860 Cr
Riskometer Low
Minimum SIP ₹1000
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark I-SEC Li-BEX since its launch.
Age of the fund 5 years old
Expense Ratio 0.45%
Exit Load NIL
Type  Open ended

The investment plan of this fund is to invest in gilt including T-Bills with medium to long maturity, with the average maturity of the portfolio normally not exceeding 8 years.

In gilt funds, investors invest their money in securities issued by both central and state government. There no risk associated with gilt funds as these are backed by the government. However, these not completely risk-free and are vulnerable to change in interest rates.

ICICI Prudential Income Opportunities Fund

This is an Income debt mutual fund launched on January 02, 2013. It is a debt fund with low risk and has given a return of 8.43% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  4.70%
3 years  7.87%
5 years  7.87%

Key information of this fund:

Launch Date 02 January 2013
Fund Category Debt – Income
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹4,492 Cr
Riskometer Low
Minimum SIP ₹1000
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Composite Bond since its launch.
Age of the fund 5 years old
Expense Ratio 0.6%
Exit Load If redeemed bet. 0 Month to 6 Month; Exit Load is 1%;
Type  Open ended

ICICI Prudential Income Opportunities Fund is an open-ended income fund that intends to generate income through investments in a range of debt and money market instruments of various credit ratings and maturities with a view to maximizing income while maintaining an optimum balance of yield, safety and liquidity.

However, there can be no assurance that the investment objective of the Scheme will be realized.

Gold Category

Gold funds are an excellent alternative to buying physical gold for investment purposes. Gold savings fund in simply a mutual fund that invest in Gold ETFs. These funds don’t invest on physical gold directly but through Gold ETFs.

The best ICICI Prudential Mutual Fund scheme in this category is:

ICICI Prudential Regular Gold Savings Fund

It is a gold fund with moderately risk and has given a return of -0.60% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  8.22%
3 years  4.28%
5 years  1.63%

Key information of this fund:

Launch Date 01 January 2013
Fund Category Gold
Plan Type Direct
Rating by Groww 3 Star
AUM (Fund Size) ₹45 Cr
Riskometer Moderately High
Minimum SIP ₹1000
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark Domestic Price of Gold since its launch.
Age of the fund 5 years old
Expense Ratio 0.12%
Exit Load If redeemed bet. 0 Months to 15 Months; Exit Load is 2%;
Type  Open ended

ICICI Prudential Regular Gold Savings Fund (the Scheme) is a fund of funds scheme with the primary objective to generate returns by investing in units of ICICI Prudential Gold Exchange Traded Fund (IPru Gold ETF).

Things to Remember

Don’t just run for returns from investment for investing in mutual funds. There are a lot of factors you should look into before selecting a fund which will match your investment goals.

Read More: 10 Tips on investing in Mutual Funds

Following the 3 things you should always remember before investing in Mutual Funds :

  • Higher rates: don’t blindly invest in the fund with the highest returns. Invest based on the duration you want to invest for.
  • Every person’s financial condition is different. Evaluate the funds you invest in yourself – don’t invest in a fund because of its popularity.
  • Review your investment from time to time but not too often. Once a few weeks is good enough.

There are many myths and false beliefs about mutual funds circulating in the markets. The most successful investors are the ones that ignore the myths and pay attention only to what actually needs their attention.

Read More: 10 Secrets Only Successful Mutual Fund Investors Know

To look at some of the best performing funds from every category of mutual funds, check out Groww 30 best mutual funds to invest in 2018.

Happy Investing!

Disclaimer: the views expressed here are of the author and do not reflect those of Groww.