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.

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

Why invest with Groww?

— Registered with SEBI, AMFI & BSE

— Paperless sign up on web & app

— Expert recommendations

— ZERO fees !

Sign Up

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 Performing Icici Prudential Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
ICICI Prudential Credit Risk FundDebtModerate8.9%5star10,793
ICICI Prudential Advisor Series - Dynamic Accrual PlanOthersModerate8.8%5star178
ICICI Prudential Regular Savings FundHybridModerately High6.6%5star1,642
ICICI Prudential Ultra Short Term FundDebtModerate9.1%5star5,106
ICICI Prudential Balanced Advantage FundHybridModerate2.6%5star27,798
ICICI Prudential Equity & Debt FundHybridModerately High-2.4%5star24,316
ICICI Prudential Bluechip Equity FundEquityModerately High-6.1%5star21,125
ICICI Prudential Technology FundEquityHigh0.8%5star441
ICICI Prudential India Opportunities Fund - Direct PlanEquityHighN.A4star1,361
ICICI Prudential Equity Savings FundHybridModerately High6.1%4star1,617
ICICI Prudential Bond FundDebtModerate11.5%4star3,280
ICICI Prudential All Seasons Bond FundDebtModerate10.8%4star2,791
ICICI Prudential Corporate Bond FundDebtModerate9.9%4star7,771
ICICI Prudential Exports and Other Services FundEquityHigh-10.2%4star720
ICICI Prudential Regular Gold Savings FundOthersModerately High25.6%4star60
View All Top Performing Icici Prudential Mutual Funds

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 Credit Risk Fund Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Credit Risk segment and provided 8.52% annualized returns in the last 3 years. In the last 1 year, it gave 8.94% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.94% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Debt mutual fund in India.

Launch Date01 Jan 2013
Min Investment AmtNaN
AUM10,793Cr
1Y Returns8.9%

ICICI Prudential Debt Management Fund Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in FoF Domestic segment and provided 7.99% annualized returns in the last 3 years. In the last 1 year, it gave 8.85% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.85% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Others mutual fund in India.

Launch Date02 Jan 2013
Min Investment AmtNaN
AUM178Cr
1Y Returns8.8%

ICICI Prudential Regular Savings Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 8.8% annualized returns in the last 3 years. In the last 1 year, it gave 6.64% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.64% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Hybrid mutual fund in India.

Launch Date02 Jan 2013
Min Investment AmtNaN
AUM1,642Cr
1Y Returns6.6%

ICICI Prudential Ultra Short Term Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided 8.56% annualized returns in the last 3 years. In the last 1 year, it gave 9.11% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.11% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Debt mutual fund in India.

Launch Date09 Jan 2013
Min Investment AmtNaN
AUM5,106Cr
1Y Returns9.1%

ICICI Prudential Balanced Advantage Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Balanced Advantage segment and provided 8.2% annualized returns in the last 3 years. In the last 1 year, it gave 2.63% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.63% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Hybrid mutual fund in India.

Launch Date31 Dec 2012
Min Investment AmtNaN
AUM27,798Cr
1Y Returns2.6%

ICICI Prudential Equity & Debt Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Aggressive segment and provided 8.22% annualized returns in the last 3 years. In the last 1 year, it gave -2.43% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.43% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Hybrid mutual fund in India.

Launch Date31 Dec 2012
Min Investment AmtNaN
AUM24,316Cr
1Y Returns-2.4%

ICICI Prudential Bluechip Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Large Cap segment and provided 8.81% annualized returns in the last 3 years. In the last 1 year, it gave -6.11% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -6.11% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Equity mutual fund in India.

Launch Date31 Dec 2012
Min Investment AmtNaN
AUM21,125Cr
1Y Returns-6.1%

ICICI Prudential Technology Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 15.58% annualized returns in the last 3 years. In the last 1 year, it gave 0.75% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.75% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Equity mutual fund in India.

Launch Date31 Dec 2012
Min Investment AmtNaN
AUM441Cr
1Y Returns0.8%

ICICI Prudential India Opportunities Fund Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Equity: Thematic segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -100% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -100% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Equity mutual fund in India.

Launch Date08 Jan 2018
Min Investment AmtNaN
AUM1,361Cr
1Y Returns-100.0%

ICICI Prudential Equity Savings Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Equity Savings segment and provided 7.33% annualized returns in the last 3 years. In the last 1 year, it gave 6.13% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.13% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Hybrid mutual fund in India.

Launch Date04 Dec 2014
Min Investment AmtNaN
AUM1,617Cr
1Y Returns6.1%

ICICI Prudential Bond Fund Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium to Long Duration segment and provided 7.74% annualized returns in the last 3 years. In the last 1 year, it gave 11.51% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 11.51% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Debt mutual fund in India.

Launch Date01 Jan 2013
Min Investment AmtNaN
AUM3,280Cr
1Y Returns11.5%

ICICI Prudential All Seasons Bond Fund Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Dynamic segment and provided 8.75% annualized returns in the last 3 years. In the last 1 year, it gave 10.81% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 10.81% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Debt mutual fund in India.

Launch Date01 Jan 2013
Min Investment AmtNaN
AUM2,791Cr
1Y Returns10.8%

ICICI Prudential Corporate Bond Fund Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Corporate Bond segment and provided 7.95% annualized returns in the last 3 years. In the last 1 year, it gave 9.91% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.91% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Debt mutual fund in India.

Launch Date01 Jan 2013
Min Investment AmtNaN
AUM7,771Cr
1Y Returns9.9%

ICICI Prudential Exports and Services Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 4.18% annualized returns in the last 3 years. In the last 1 year, it gave -10.18% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -10.18% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Equity mutual fund in India.

Launch Date06 Jan 2013
Min Investment AmtNaN
AUM720Cr
1Y Returns-10.2%

ICICI Prudential Regular Gold Savings Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in FoF Domestic segment and provided 4.28% annualized returns in the last 3 years. In the last 1 year, it gave 25.58% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 25.58% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Others mutual fund in India.

Launch Date31 Dec 2012
Min Investment AmtNaN
AUM60Cr
1Y Returns25.6%

Explore all Mutual Funds on Groww

Explore Mutual Funds
Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
MOST POPULAR ON GROWW
MUTUAL FUNDS COMPANIES: ICICI PRUDENTIAL  | HDFC  | RELIANCE  | ADITYA BIRLA SUN LIFE  | SBI  | UTI  | FRANKLIN TEMPLETON  | KOTAK MAHINDRA  | IDFC  | DSP BLACKROCK  | AXIS  | TATA  | L&T  | SUNDARAM  | DHFL PRAMERICA  | INVESCO  | LIC  | JM FINANCIAL  | BARODA PIONEER  | CANARA ROBECO  | HSBC  | IDBI  | INDIABULLS  | MOTILAL OSWAL  | BNP PARIBAS  | MIRAE ASSET  | PRINCIPAL  | BOI AXA  | UNION KBC  | TAURUS  | EDELWEISS  | ESSEL  | MAHINDRA  | QUANTUM  | PPFAS  | IIFL  | ESCORTS  |