ICICI Prudential mutual fund was launched in the year 1998. It is one of the biggest mutual fund houses in India providing a variety of mutual fund schemes to the investors.  The parent company of all ICICI Prudential mutual funds is known as ICICI Prudential Asset Management Company Limited.

In this article, we explore this mutual funds house and the various funds it has to offer for investment. Among a few others, ICICI too is a very trusted name in the mutual fund space and has a good reputation.

Read More: Top 10 Mutual Fund Houses in India

About Fund House: ICICI Prudential

ICICI Prudential is an asset management company which is a joint venture between ICICI Bank, a well-known bank in India and Prudential Plc, which is one of UK’s largest players in the financial services industry.

ICICI Prudential is known for its great performance over the years and sound investment management practices. The company boasts of its prudent fund managers. Apart from mutual funds, the company caters to the investors in asset classes such as debt, equity, and real estate.

The AMC currently manages assets worth ₹2,93,337.55 crore as of date 31st December 2017. The company offers sector-specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds and is very old and reputed in the mutual fund business.

ICICI Prudential fund has been ranked no. 1 as per total assets at end of September 2017.

Best ICICI Prudential Mutual Funds:

1) ICICI Prudential Gilt Fund – Investment Plan:

Category: Debt – Gilt

Gilt funds are the debt funds which invest in the fixed income securities issued by the Government of India with almost zero risks to the investors. These funds are ideal for investors looking for safe investment instruments.

Essential things to know about ICICI Prudential Gilt Fund – Investment Plan

Risk: Moderately Low

Min SIP Amount: ₹1000

Returns:

1 Year-4.63% per annum;
3 Year-7.55% per annum;
5 Year-8.87% per annum

Returns since Launch: 9.01 %

 2) ICICI Prudential Banking and Financial Services Fund 

Category: Equity Sector

Equity Sector means that investors invest in stocks of companies, willing to take risks and expecting better returns

Essential things to know about ICICI Prudential Banking and Financial Services Fund

Risk: High

Min SIP Amount: ₹1000

Returns:
1 Year-19.15% per annum;
3 Year-15.03% per annum;
5 Year-21.12% per annum

Returns since Launch:  20.42%

3) ICICI Prudential MIP 25:

Category: Debt MIP

Monthly Income Plans abbreviated as MIPs invests most of their corpus in debt funds and an estimated 15-32% in stocks. Due to the presence of stocks returns are a bit volatile in case of MIPs.

Essential things to know about ICICI Prudential MIP 25

Risk: Moderately Low

Min SIP Amount: ₹1000

Returns:
1 Year-9.43% per annum;
3 Year-8.80% per annum;
5 Year-11.43% per annum

Returns since Launch: 10.30%

4) ICICI Prudential Nifty Next 50 Index Fund

Category: Equity Index

Index funds are mutual funds which are designed to track the returns of a whole market index such as Nifty, Sensex, etc. These funds purchase all the stocks in the same proportion as it is in a particular index

Essential things to know about ICICI Prudential Nifty Next 50 Index Fund

Risk: High

Min SIP Amount: ₹1000

Returns:
1 Year-20.60% per annum;
3 Year-14.38% per annum;
5 Year-19.53% per annum

Returns since Launch: 13.16%

5) ICICI Prudential Long Term Plan

Category: Debt Dynamic

It is a type of debt dynamic fund. It is a type of fund in which asset managers properly time the markets to get the insight of interest rates and in turn can switch between long-term and short-term duration bonds to prevent the losses arising due to interest rate risks.

Essential things to know about ICICI Prudential Long Term Plan

Risk: Moderately Low

Min SIP Amount: ₹1000

Returns:
1 Year-6.14% per annum;
3 Year-8.32% per annum;
5 Year-11.05% per annum

Returns since Launch:  9.81%

6) ICICI Prudential Exports and Other Services Fund

Category: Equity Sector

Equity Sector means that investors invest in stocks of companies, willing to take risks and expecting better returns

Essential things to know about ICICI Prudential Exports and Other Services Fund Risk: Moderately High

Min SIP Amount: ₹1000

Returns:
1 Year-21.37% per annum;
3 Year-10.36% per annum;
5 Year-25.03% per annum

Returns since Launch:  15.61%

7) ICICI Prudential Balanced Advantage Fund

Category: Hybrid – Equity Oriented

Hybrid-Equity oriented funds are the ones which invest 65-80 percent of the fund in equity and assign remaining to debt and other similar instruments. These funds have the potential to provide good returns and low-risk rates as some portion is allocated to debt funds.

Essential things to know about ICICI Prudential Balanced Advantage Fund

Risk: Moderate

Min SIP Amount: ₹1000

Returns:
1 Year-11.79% per annum;
3 Year-9.08% per annum;
5 Year-14.07% per annum

Returns since Launch: 11.32%

8) ICICI Prudential Focused Bluechip Equity Fund

Category: Equity Large cap

Equity Large-cap funds are the ones which invest in shares of the companies with large market capitalization which means that companies which are already established and well-known name in the industry.

Essential things to know about ICICI Prudential Focused Bluechip Equity Fund

Risk: Moderately High

Min SIP Amount: ₹1000

Returns:
1 Year-17.91% per annum;
3 Year-8.92% per annum;
5 Year-16.41% per annum

Returns since Launch: 15.13%

9) ICICI Prudential Income Opportunities Fund

Category: Debt Income

Debt income funds are the ones in which the investments are made in the bonds to generate regular sources of revenue without much of risk. They change allocation among different debt segments to maximize the returns.

The risk is low, and returns are good ranging from 9 to 10 percent. Returns are taxed as per your salary slab if sold before three years post that negligible tax (20% with indexation benefit) post three years. So there’s a good potential here to earn more money.

Essential things to know about ICICI Prudential Income Opportunities Fund

Risk: Low

Min SIP Amount: ₹1000

Returns:
1 Year-5.11% per annum;
3 Year-7.67% per annum;
5 Year-8.40% per annum

Returns since Launch: 9.63 %

10) ICICI Prudential Dynamic Bond Plan

Category: Debt Dynamic

It is a type of debt dynamic fund. It is a type of fund in which asset managers properly time the markets to get the insight of interest rates and in turn can switch between long-term and short-term duration bonds to prevent the losses arising due to interest rate risks.

Essential things to know about ICICI Prudential Dynamic Bond Plan

Risk: Moderately Low

Min SIP Amount: ₹1000

Returns:
1 Year-4.59% per annum;
3 Year-7.71% per annum;
5 Year-8.43% per annum

Returns since Launch:  7.92

All the above-mentioned funds are top performing funds of ICICI Prudential fund house in the different categories.

For more top rated mutual funds: 30 Top Mutual Funds to Invest in 2018 – Groww 30.

Happy investing!

Disclaimer: the views expressed here are those of the author. Mutual funds are subject to market risks. Please read the offer document before investing.