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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.

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
ICICI Prudential Regular Savings FundHybridHigh6.5%5₹3,285
ICICI Prudential All Seasons Bond FundDebtModerate3.1%5₹5,993
ICICI Prudential Medium Term Bond FundDebtModerately High3.7%5₹6,816
ICICI Prudential Short Term FundDebtModerate3.7%5₹16,623
ICICI Prudential Ultra Short Term FundDebtModerate4.1%5₹13,266
ICICI Prudential Thematic Advantage FundOtherVery High10.1%4₹483
ICICI Prudential Value Discovery FundEquityVery High16.7%4₹23,149
ICICI Prudential Equity & Debt FundHybridVery High19.5%4₹19,274
ICICI Prudential Retirement FundSolution OrientedModerately High24.3%4₹157
ICICI Prudential Bluechip FundEquityVery High8.9%4₹31,688
ICICI Prudential Asset Allocator FundOtherModerately High8.8%4₹15,552
ICICI Prudential Balanced Advantage FundHybridHigh7.4%4₹39,479
ICICI Prudential Income Optimizer FundOtherModerate6.5%4₹260
ICICI Prudential Retirement FundSolution OrientedModerately High3.5%4₹65
ICICI Prudential Credit Risk FundDebtHigh5.7%4₹8,317
View All

Key information

Mutual fund nameICICI Prudential Mutual Fund
FoundedOctober 23, 1993
AMC Incorporation DateJune 22, 1993
Sponsor namePrudential Plc and ICICI Bank Ltd.
Trustee organisationICICI Prudential Trust Ltd
MD and CEOMr. Nimesh Shah
CIOMr. S Naren
Compliance OfficerMs. Supriya Sapre

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How can you invest in ?

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 Regular Savings Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.54% & 8.9%. 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₹3,285Cr
1Y Returns6.5%

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 8.35% & 7.84%. 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₹5,993Cr
1Y Returns3.1%

ICICI Prudential Medium Term Bond Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.2% & 7.52%. The ICICI Prudential Medium Term Bond Fund comes under the Debt category of ICICI Prudential Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹6,816Cr
1Y Returns3.7%

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 7.84% & 7.61%. 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₹16,623Cr
1Y Returns3.7%

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 6.23% & 6.94%. 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₹13,266Cr
1Y Returns4.1%

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 20.51% & 13.4%. 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₹483Cr
1Y Returns10.1%

ICICI Prudential Value Discovery Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.2% & 13.11%. 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₹23,149Cr
1Y Returns16.7%

ICICI Prudential Equity & Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.45% & 13.87%. 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₹19,274Cr
1Y Returns19.5%

ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth

Fund Performance: The ICICI Prudential Retirement Fund comes under the Solution Oriented category of ICICI Prudential Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹157Cr
1Y Returns24.3%

ICICI Prudential Bluechip Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.84% & 11.96%. 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₹31,688Cr
1Y Returns8.9%

ICICI Prudential Asset Allocator Fund (FOF) Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.61% & 11.94%. The ICICI Prudential Asset Allocator Fund comes under the Other category of ICICI Prudential Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹15,552Cr
1Y Returns8.8%

ICICI Prudential Balanced Advantage Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.78% & 10.37%. 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₹39,479Cr
1Y Returns7.4%

ICICI Prudential Income Optimizer Fund (FOF) Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.37% & 8.48%. The ICICI Prudential Income Optimizer Fund comes under the Other category of ICICI Prudential Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹260Cr
1Y Returns6.5%

ICICI Prudential Retirement Fund Hybrid Conservative Plan Direct Growth

Fund Performance: The ICICI Prudential Retirement Fund comes under the Solution Oriented category of ICICI Prudential Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹65Cr
1Y Returns3.5%

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 8.5% & 8.24%. 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₹8,317Cr
1Y Returns5.7%

FAQs on ICICI Prudential Mutual Fund

How to Start ICICI Prudential Mutual Fund SIP Online?

One can start investing in ICICI Prudential Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in ICICI Prudential Mutual Funds.

How to Calculate ICICI Prudential Mutual Fund SIP?

To calculate ICICI Prudential Mutual Fund SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your ICICI Prudential Mutual Fund SIPs (if there's any) already paid
  4. expected interest rate

How to redeem ICICI Prudential Mutual Fund?

To redeem ICICI Prudential Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their ICICI Prudential Mutual Fund investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An ICICI Prudential Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an ICICI Prudential Mutual Fund online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the ICICI Prudential Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

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