Top 10 Icici Prudential Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
ICICI Prudential All Seasons Bond FundDebtModerate7.7%5star2,014
ICICI Prudential Ultra Short Term FundDebtModerate8.3%5star3,870
ICICI Prudential Dynamic Bond FundDebtModerate4.8%5star1,313
ICICI Prudential Credit Risk FundDebtModerate8.0%4star11,635
ICICI Prudential Gilt Fund - Treasury Plan - PF OptionDebtLow4.2%4star43
ICICI Prudential Bond FundDebtModerate7.0%4star2,869
ICICI Prudential Gilt Fund - Investment Plan - PF OptionDebtModerate4.0%4star721
ICICI Prudential Corporate Bond FundDebtModerate7.5%4star4,045
ICICI Prudential Constant Maturity Gilt FundDebtModerate11.3%4star27
ICICI Prudential Gilt FundDebtModerate9.2%4star988
ICICI Prudential Floating Interest FundDebtModerate7.6%4star7,200
ICICI Prudential Long Term Bond FundDebtModerate8.7%3star722
ICICI Prudential Short Term FundDebtModerate7.5%3star7,210
ICICI Prudential Short Term Gilt FundDebtModerate4.0%3star145
ICICI Prudential Medium Term Bond FundDebtLow6.2%3star6,324
View All Top 10 Icici Prudential Mutual Funds

Best ICICI Prudential Debt Mutual Funds

ICICI Prudential is one of the most popular mutual fund investment companies in India.

It is the largest asset management company (AMC) in the country (as per average assets under management as on 31 March 2018 of Rs. 305,739 Crores

ICICI Prudential AMC's plans to bridge the gap between savings & investments to help create long term wealth & value for investors through innovation, consistency & sustained risk adjusted performance. Invest in ICICI Prudential mutual fund schemes at your convenience and fulfill your long term & short term financial goals. Choose from an array of schemes according to your financial needs and investment objectives. Invest today a lump sum amount or start a systematic investment plan (SIP).

If you are saving for very short-term goals like a vacation or buying an automobile, then this category is ideal for gains within one year. It is also an excellent resort to park your money until you decide where to invest or spend next. Returns are taxed as per your income tax slab if sold before three years and have negligible tax post that period.

Purpose: Invest here for your short term goals like a vacation, buying a bike, jewelry or expensive gadget.

Let's have a closer look

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

ICICI Prudential All Seasons Bond Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Dynamic segment and provided 9.52% annualized returns in the last 3 years. In the last 1 year, it gave 7.67% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.67% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Manish Banthia, Anuj Tagra

Launch Date1 Jan 2013
Min Investment Amt5,000
Groww Rating5star
AUM2,014Cr
1Y Returns7.7%

ICICI Prudential Ultra Short Term Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided 8.91% annualized returns in the last 3 years. In the last 1 year, it gave 8.29% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.29% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rajat Chandak, Manish Banthia, Ritesh Lunawat

Launch Date9 Jan 2013
Min Investment Amt5,000
Groww Rating5star
AUM3,870Cr
1Y Returns8.3%

ICICI Prudential Banking & PSU Debt Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Dynamic segment and provided 8.63% annualized returns in the last 3 years. In the last 1 year, it gave 4.75% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4.75% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Goswami

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM1,313Cr
1Y Returns4.8%

ICICI Prudential Credit Risk Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Credit Risk segment and provided 8.92% annualized returns in the last 3 years. In the last 1 year, it gave 7.95% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.95% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Manish Banthia, Akhil Kakkar

Launch Date1 Jan 2013
Min Investment Amt100
Groww Rating4star
AUM11,635Cr
1Y Returns8.0%

ICICI Prudential Gilt Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 9.78% annualized returns in the last 3 years. In the last 1 year, it gave 4.19% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4.19% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Goswami, Anuj Tagra

Launch Date24 Feb 2013
Min Investment Amt5,000
Groww Rating4star
AUM43Cr
1Y Returns4.2%

ICICI Prudential Bond Fund - Direct - 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 6.96% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.96% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Manish Banthia

Launch Date1 Jan 2013
Min Investment Amt5,000
Groww Rating4star
AUM2,869Cr
1Y Returns7.0%

ICICI Prudential Gilt Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 8.78% annualized returns in the last 3 years. In the last 1 year, it gave 4.04% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4.04% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Manish Banthia, Anuj Tagra

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM721Cr
1Y Returns4.0%

ICICI Prudential Corporate Bond Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Corporate Bond segment and provided 7.96% annualized returns in the last 3 years. In the last 1 year, it gave 7.47% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.47% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Goswami, Rohan Maru, Chandni Gupta

Launch Date1 Jan 2013
Min Investment Amt5,000
Groww Rating4star
AUM4,045Cr
1Y Returns7.5%

ICICI Prudential Constant Maturity Gilt Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt 10 Year segment and provided 8.85% annualized returns in the last 3 years. In the last 1 year, it gave 11.33% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 11.33% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Goswami

Launch Date11 Sep 2014
Min Investment Amt5,000
Groww Rating4star
AUM27Cr
1Y Returns11.3%

ICICI Prudential Gilt Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 8.95% annualized returns in the last 3 years. In the last 1 year, it gave 9.22% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.22% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Goswami, Anuj Tagra

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM988Cr
1Y Returns9.2%

ICICI Prudential Floating Interest Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Floater segment and provided 8.27% annualized returns in the last 3 years. In the last 1 year, it gave 7.63% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.63% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Goswami, Nikhil Kabra

Launch Date31 Dec 2012
Min Investment Amt500
Groww Rating4star
AUM7,200Cr
1Y Returns7.6%

ICICI Prudential Long Term Bond Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Long Duration segment and provided 9.03% annualized returns in the last 3 years. In the last 1 year, it gave 8.7% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.7% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Manish Banthia

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM722Cr
1Y Returns8.7%

ICICI Prudential Short Term Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Short Duration segment and provided 8.54% annualized returns in the last 3 years. In the last 1 year, it gave 7.48% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.48% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Manish Banthia

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM7,210Cr
1Y Returns7.5%

ICICI Prudential Gilt Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 8.01% annualized returns in the last 3 years. In the last 1 year, it gave 4% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Goswami, Anuj Tagra

Launch Date1 Jan 2013
Min Investment Amt5,000
Groww Rating3star
AUM145Cr
1Y Returns4.0%

ICICI Prudential Medium Term Bond Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium Duration segment and provided 8.13% annualized returns in the last 3 years. In the last 1 year, it gave 6.21% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.21% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Manish Banthia, Shadab Rizvi

Launch Date22 Jan 2013
Min Investment Amt5,000
Groww Rating3star
AUM6,324Cr
1Y Returns6.2%

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What does investing in ICICI Prudential Debt Mutual Funds actually mean?

Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.

How to invest in ICICI Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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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.
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