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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 High83.7%5₹6,887
ICICI Prudential Regular Savings FundHybridModerately High12.2%5₹3,384
ICICI Prudential All Seasons Bond FundDebtModerate5.6%5₹6,544
ICICI Prudential Credit Risk FundDebtHigh7.3%5₹8,304
ICICI Prudential Short Term FundDebtModerate5.0%5₹20,584
ICICI Prudential Corporate Bond FundDebtModerate4.8%5₹20,838
ICICI Prudential Debt Management FundOtherModerate5.2%5₹184
ICICI Prudential Ultra Short Term FundDebtModerately High4.5%5₹11,143
ICICI Prudential Thematic Advantage FundOtherVery High58.0%4₹96
ICICI Prudential Value Discovery FundEquityVery High47.2%4₹22,558
ICICI Prudential Equity & Debt FundHybridVery High52.2%4₹18,740
ICICI Prudential Exports and Services FundEquityVery High45.8%4₹909
ICICI Prudential Bluechip FundEquityVery High37.6%4₹31,082
ICICI Prudential Balanced Advantage FundHybridHigh19.2%4₹36,816
ICICI Prudential Constant Maturity Gilt FundDebtModerate4.0%4₹378
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: The fund's annualized returns for the past 3 years & 5 years has been around 43% & 34.25%. The ICICI Prudential Technology Fund comes under the Equity category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Technology Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹6,887Cr
1Y Returns83.7%

ICICI Prudential Regular Savings Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.23% & 10.22%. The ICICI Prudential Regular Savings Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Regular Savings Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹3,384Cr
1Y Returns12.2%

ICICI Prudential All Seasons Bond Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.98% & 7.97%. The ICICI Prudential All Seasons Bond Fund comes under the Debt category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential All Seasons Bond Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹6,544Cr
1Y Returns5.6%

ICICI Prudential Credit Risk Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.41% & 8.57%. The ICICI Prudential Credit Risk Fund comes under the Debt category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Credit Risk Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹8,304Cr
1Y Returns7.3%

ICICI Prudential Short Term Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.12% & 7.92%. The ICICI Prudential Short Term Fund comes under the Debt category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Short Term Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹20,584Cr
1Y Returns5.0%

ICICI Prudential Corporate Bond Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.73% & 7.66%. The ICICI Prudential Corporate Bond Fund comes under the Debt category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Corporate Bond Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹20,838Cr
1Y Returns4.8%

ICICI Prudential Debt Management Fund (FOF) Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.19% & 7.43%. The ICICI Prudential Debt Management Fund comes under the Other category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Debt Management Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹184Cr
1Y Returns5.2%

ICICI Prudential Ultra Short Term Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.09% & 7.3%. The ICICI Prudential Ultra Short Term Fund comes under the Debt category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Ultra Short Term Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹11,143Cr
1Y Returns4.5%

ICICI Prudential Thematic Advantage Fund (FOF)Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.44% & 17.31%. The ICICI Prudential Thematic Advantage Fund comes under the Other category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Thematic Advantage Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹96Cr
1Y Returns58.0%

ICICI Prudential Value Discovery Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.01% & 15.49%. The ICICI Prudential Value Discovery Fund comes under the Equity category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Value Discovery Fund is ₹1,000 and for SIP, it is ₹100.

Min Investment Amt₹1,000
AUM₹22,558Cr
1Y Returns47.2%

ICICI Prudential Equity & Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 19.75% & 16.33%. The ICICI Prudential Equity & Debt Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Equity & Debt Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹18,740Cr
1Y Returns52.2%

ICICI Prudential Exports and Services Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.71% & 15.15%. The ICICI Prudential Exports and Services Fund comes under the Equity category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Exports and Services Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹909Cr
1Y Returns45.8%

ICICI Prudential Bluechip Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.66% & 16.64%. The ICICI Prudential Bluechip Fund comes under the Equity category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Bluechip Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹31,082Cr
1Y Returns37.6%

ICICI Prudential Balanced Advantage Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.4% & 12.4%. The ICICI Prudential Balanced Advantage Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Balanced Advantage Fund is ₹500 and for SIP, it is ₹100.

Min Investment Amt₹500
AUM₹36,816Cr
1Y Returns19.2%

ICICI Prudential Constant Maturity Gilt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 10.93% & 8.22%. The ICICI Prudential Constant Maturity Gilt Fund comes under the Debt category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Constant Maturity Gilt Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹378Cr
1Y Returns4.0%

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