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ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund is one of India’s top 2 largest Asset Management Companies. It is one the oldest and most profitable Mutual Funds. Most of their offerings are rated “AAAmfs” which indicate a high degree of confidence and reliability.

ICICI Prudential was set up in 1993 with ICICI Bank and Prudential Plc acting as partners. The Prudential Group is one of the world’s oldest, largest and most influential insurance companies.

ICICI Prudential Mutual Fund has played a major role in setting up the CRISIL rating system in India. As a CIBIL score determines the creditworthiness of an individual, the CRISIL score determines the health of Mutual Funds in India.

According to statistics made available as of 30th September 2018, the Average Assets Under Management or AAUM of ICICI Pru Mutual Fund, as it is also known, is Rs 3.1 Lakh Crore. It is managed by the trustees of the ICICI Prudential Trust Ltd and is over 30 years old.

The Mutual Fund was set up and incorporated in the same year- 1993. As of 31 March, 2019, it manages assets worth over Rs. 3.2 Lakh Crore. The organisation has some of the best-known fund managers in the business, and it is growing at a rapid pace.

ICICI Prudential Mutual Fund is headquartered in Mumbai and provides a wide array of funds designed to fit every socioeconomic bracket. You can deposit a lump sum or start an SIP with ICICI Prudential via Groww with minimal documentation and in a very short period of time.

Prudential Group has plans to offload 3.7% of its stake in the Mutual Fund to pare down its shareholding pattern to below 25% as per SEBI rules.

Top Performing Icici Prudential Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
ICICI Prudential Technology FundEquityVery High114.6%5star3,494
ICICI Prudential Regular Savings FundHybridModerately High13.5%5star3,287
ICICI Prudential All Seasons Bond FundDebtModerately High6.2%5star5,926
ICICI Prudential Credit Risk FundDebtHigh8.6%5star7,626
ICICI Prudential Short Term FundDebtModerate5.8%5star20,921
ICICI Prudential Corporate Bond FundDebtModerate5.0%5star20,276
ICICI Prudential Ultra Short Term FundDebtModerately High5.4%5star10,338
ICICI Prudential Very Aggressive PlanOtherVery High69.1%4star49
ICICI Prudential Equity & Debt FundHybridVery High49.1%4star17,130
ICICI Prudential Value Discovery FundEquityVery High53.6%4star20,786
ICICI Prudential Bluechip Equity FundEquityVery High44.3%4star27,994
ICICI Prudential Sensex Index FundOtherVery High39.7%4star280
ICICI Prudential Exports and Other Services FundEquityVery High50.3%4star824
ICICI Prudential Balanced Advantage FundHybridHigh25.6%4star32,942
ICICI Prudential Constant Maturity Gilt FundDebtModerate3.6%4star325
View All Top Performing Icici Prudential Mutual Funds

Key information

Mutual fundICICI Prudential Mutual Fund
FoundedOctober 23, 1993
IncorporatedJune 22, 1993
SponsorsPrudential Plc and ICICI Bank Ltd.
TrusteeICICI Prudential Trust Ltd
MD and CEOMr. Nimesh Shah
CIOMr. S Naren
Compliance OfficerMs. Supriya Sapre

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How can you invest in Icici Prudential Mutual Funds?

Investing in the top ICICI Mutual Funds online is easy and comparatively hassle-free when you use your Groww account. The entire process is described below.

Step 1: First, you will have to log in to your Groww account. In case you do not have a Groww account, you will have to sign up for one. Registering for a new account is free and saves you time too.

Step 2: Upload your identification documents using our website. You can use all the documents commonly accepted at any financial institution. Aadhaar, PAN, Driver’s Licence, Voter ID Card, Identification issued by either the Central or State Governments, or your Passport are all valid documents.

Step 3: Upload your address verification documents. Any document which mentions your permanent address will do.

Step 4: Determine the length of your investment.

Step 5: Determine if you are looking for high, low or medium risks. Higher return potential will also come with just as high risks involved.

Step 6: Based on your criteria, select the most suitable ICICI Prudential Mutual Fund.

Step 7: You have the freedom to choose from two alternatives. You can either click on “Invest One Time Only” if you are looking to invest a lump sum. Else, you can choose to begin a systematic SIP plan by choosing the “Start SIP” option.

Step 8: Start your investment immediately with a few clicks of the mouse.

Within 3 to 4 working days, your ICICI Pru Mutual Fund investment will be reflected in your Groww account.

Top Fund Managers

Here are the top minds behind one of India’s highest performing Mutual Funds.

1. Mr. Sankaran Naren

Naren is currently the Chief Investment Officer of ICICI Prudential Asset Management Company Limited since 2008. He is an alumnus of the Indian Institute of Management, Calcutta and is an Engineering graduate from IIT Madras (now Chennai). He is a tried and tested expert of the Indian securities market. He is also an Executive Director of the company since 2016.

Mr Naren has served in many high-profile jobs across the spectrum over his many years in the Indian securities market. Previously, he was Chief Executive Officer at Yoha Securities. He was also a Director of HDFC Securities Ltd. With a lifetime spent in exploring the various facets of the Indian equity market, Naren brings an extensive repertoire to ICICI Pru Mutual Fund.

In his capacity as the Head of Research at Refco Sify Securities India Pvt. Ltd in the past, he has had a considerably varied career. He currently handles two of the highest profile funds at ICICI Prudential: the ICICI Prudential Top 100 Fund and the ICICI Prudential Dynamic Plan. Both these plans are among the top 10 funds in the market in their cap range.

2. Mr. Mrinal Singh

Mrinal Singh is currently the Deputy Chief Investment Officer in charge of Equity at ICICI Prudential Asset Management Company Limited. He joined the corporation in 2008. His educational credentials include a BE in Mechanical Engineering and also a Post-Graduation in SP Jain Institute of Management and Research.

Mr. Singh has extensive experience across multiple specialties and sub-specialties like automobiles, financial services, IT and retail banking. He is a specialist in the Indian securities and derivatives market. Before joining ICICI Prudential Mutual Funds, he was involved in senior-level positions at Robert Bosch GmbH Motor Industries Co. Ltd and Wipro.

Mr. Singh has core competencies in portfolio management and detailed sector-based analysis. He is credited with turning around many of ICICI Prudential’s Blue Chip stocks.

3. Mr. Rahul Rai

Mr. Rai has over 24 years of experience in the securities and investments sectors. He is currently the Executive Vice President while heading the Real Estate Business at ICICI Prudential Mutual Funds. He is a trained Chartered Accountant and is a specialist in Cost accountancy.

Rai is a senior executive at the real estate management firm PMS and has also worked in multiple SUN-Apollo Real Estate Advisors besides Arthur Anderson. Rai is also a former senior executive of Ernst and Young.

Mr. Rai is an expert in taxation, real estate investments and emerging markets.

4. Mr. Kayzad Eghlim

Mr. Eghlim is a senior expert in ETF products. He is also the Vice President of Investments and a very senior Portfolio manager. Mr Eghlim has been a senior executive in numerous other top-notch companies in the past as well. With him on-board, ICICI Prudential Mutual Fund has seen a rise in the number of ETF products in recent months.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

ICICI Prudential Technology Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Sectoral / Thematic segment. It has given a commendable 35.13% annual returns in the last three years. In the previous year, it delivered 114.59% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM3,494Cr
1Y Returns114.6%

ICICI Prudential Regular Savings Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Conservative Hybrid segment. It has given a commendable 10.12% annual returns in the last three years. In the previous year, it delivered 13.53% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹5,000
AUM3,287Cr
1Y Returns13.5%

ICICI Prudential All Seasons Bond Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Dynamic Bond segment. It has given a commendable 9.99% annual returns in the last three years. In the previous year, it delivered 6.21% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM5,926Cr
1Y Returns6.2%

ICICI Prudential Credit Risk Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Credit Risk segment. It has given a commendable 9.43% annual returns in the last three years. In the previous year, it delivered 8.57% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹100
AUM7,626Cr
1Y Returns8.6%

ICICI Prudential Short Term Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Short Duration segment. It has given a commendable 9.3% annual returns in the last three years. In the previous year, it delivered 5.85% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM20,921Cr
1Y Returns5.8%

ICICI Prudential Corporate Bond Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Corporate Bond segment. It has given a commendable 8.84% annual returns in the last three years. In the previous year, it delivered 5.04% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM20,276Cr
1Y Returns5.0%

ICICI Prudential Ultra Short Term Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Ultra Short Duration segment. It has given a commendable 7.56% annual returns in the last three years. In the previous year, it delivered 5.39% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM10,338Cr
1Y Returns5.4%

ICICI Prudential Thematic Advantage Fund (FOF)Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in FoF Overseas/Domestic segment. It has given a commendable 18.12% annual returns in the last three years. In the previous year, it delivered 69.11% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Other mutual funds in India.

Min Investment Amt₹5,000
AUM49Cr
1Y Returns69.1%

ICICI Prudential Equity & Debt Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Aggressive Hybrid segment. It has given a commendable 15.94% annual returns in the last three years. In the previous year, it delivered 49.07% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹5,000
AUM17,130Cr
1Y Returns49.1%

ICICI Prudential Value Discovery Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Value segment. It has given a commendable 15.41% annual returns in the last three years. In the previous year, it delivered 53.58% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹1,000
AUM20,786Cr
1Y Returns53.6%

ICICI Prudential Bluechip Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Large Cap segment. It has given a commendable 14.19% annual returns in the last three years. In the previous year, it delivered 44.31% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹100
AUM27,994Cr
1Y Returns44.3%

ICICI Prudential Sensex Index Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Index segment. It has given a commendable 13.94% annual returns in the last three years. In the previous year, it delivered 39.66% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Other mutual funds in India.

Min Investment Amt₹100
AUM280Cr
1Y Returns39.7%

ICICI Prudential Exports and Services Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Sectoral / Thematic segment. It has given a commendable 13.55% annual returns in the last three years. In the previous year, it delivered 50.27% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM824Cr
1Y Returns50.3%

ICICI Prudential Balanced Advantage Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Dynamic Asset Allocation segment. It has given a commendable 12.2% annual returns in the last three years. In the previous year, it delivered 25.56% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹500
AUM32,942Cr
1Y Returns25.6%

ICICI Prudential Constant Maturity Gilt Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Gilt 10 year segment. It has given a commendable 11.55% annual returns in the last three years. In the previous year, it delivered 3.57% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM325Cr
1Y Returns3.6%

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