ICICI Prudential Mutual Funds began its operations in 1993 in a joint venture between the ICICI Bank and Prudential PLC from the UK. Currently, ICICI Prudential is one of the top 5 AMCs of this country, with a portfolio that amounts to Rs.405405.92 crore as of March 2021.
Currently, this AMC offers over 40 mutual fund schemes of various types, including the best ICICI Prudential debt mutual funds.
Top ICICI Prudential debt mutual funds focus on money market and debt instruments. These fund managers actively invest in bonds and securities by the government, corporate entities, and financial institutions. This is a more risk-averse investment option than stocks, equity funds, and equity-based hybrid funds. The classification of debt funds is premised on the underlying securities’ maturity periods or issuer. Hence, it includes overnight funds, liquid funds, dynamic bond funds, gilt funds, floater funds, etc.
Debt mutual funds have different sub-types, offering a variety of returns. For example, there are short, ultra-short, medium, and long-term funds, with the constituent debt instruments having varying maturity tenures. Also, corporate, gilt, banking and PSU funds involve investments in bonds by different kinds of issuers. For instance, gilt funds invest in government-issued securities.
The advantages of debt funds are their low-cost structure, comparatively high liquidity, and stable returns. These are not as volatile and risk-prone compared to equity mutual funds. The downside to debt funds is that they usually offer less significant returns than their equity counterparts.
Nevertheless, the exact scale of these returns and shortcomings vary, depending on the type of debt fund.
The best ICICI Prudential debt mutual funds 2021 feature more than 15 schemes, comprising various short and long-term options.
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| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
ICICI Prudential Bluechip Fund | Equity | Very High | 39.9% | 5 | ₹53,505 |
ICICI Prudential S&P BSE Sensex Index Fund | Other | Very High | 24.0% | 2 | ₹1,446 |
ICICI Prudential Equity & Debt Fund | Hybrid | Very High | 40.8% | 5 | ₹33,502 |
ICICI Prudential Nifty Next 50 Index Fund | Other | Very High | 61.3% | 2 | ₹4,443 |
ICICI Prudential Balanced Advantage Fund | Hybrid | High | 21.9% | 4 | ₹56,174 |
ICICI Prudential ELSS Tax Saver Fund | Equity | Very High | 37.2% | 3 | ₹13,084 |
ICICI Prudential Banking and Financial Services Fund | Equity | Very High | 23.7% | 3 | ₹7,489 |
ICICI Prudential Liquid Fund | Debt | Moderate | 7.3% | 3 | ₹35,428 |
ICICI Prudential Technology Fund | Equity | Very High | 34.3% | -- | ₹11,977 |
ICICI Prudential US Bluechip Equity Fund | Equity | Very High | 16.6% | -- | ₹3,192 |
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Now let us jump and check about these top 10 mutual fund schemes.
Fund Performance: The ICICI Prudential Bluechip Fund has given 22.62% annualized returns in the past three years and 18.06% in the last 5 years. The ICICI Prudential Bluechip Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Bluechip Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹53,505Cr |
| 1Y Returns | 39.9% |
Fund Performance: The ICICI Prudential S&P BSE Sensex Index Fund has given 16.12% annualized returns in the past three years and 14.36% in the last 5 years. The ICICI Prudential S&P BSE Sensex Index Fund comes under the Other category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential S&P BSE Sensex Index Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹1,446Cr |
| 1Y Returns | 24.0% |
Fund Performance: The ICICI Prudential Equity & Debt Fund has given 26.95% annualized returns in the past three years and 20.78% in the last 5 years. The ICICI Prudential Equity & Debt Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Equity & Debt Fund via lump sum is ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹33,502Cr |
| 1Y Returns | 40.8% |
Fund Performance: The ICICI Prudential Nifty Next 50 Index Fund has given 22.51% annualized returns in the past three years and 17.17% in the last 5 years. The ICICI Prudential Nifty Next 50 Index Fund comes under the Other category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Nifty Next 50 Index Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹4,443Cr |
| 1Y Returns | 61.3% |
Fund Performance: The ICICI Prudential Balanced Advantage Fund has given 14.27% annualized returns in the past three years and 13.18% in the last 5 years. The ICICI Prudential Balanced Advantage Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Balanced Advantage Fund via lump sum is ₹500 and via SIP is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹56,174Cr |
| 1Y Returns | 21.9% |
Fund Performance: The ICICI Prudential ELSS Tax Saver Fund has given 19.98% annualized returns in the past three years and 16.6% in the last 5 years. The ICICI Prudential ELSS Tax Saver Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential ELSS Tax Saver Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹13,084Cr |
| 1Y Returns | 37.2% |
Fund Performance: The ICICI Prudential Banking and Financial Services Fund has given 17.91% annualized returns in the past three years and 11.42% in the last 5 years. The ICICI Prudential Banking and Financial Services Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Banking and Financial Services Fund via lump sum is ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,489Cr |
| 1Y Returns | 23.7% |
Fund Performance: The ICICI Prudential Liquid Fund has given 5.55% annualized returns in the past three years and 5.28% in the last 5 years. The ICICI Prudential Liquid Fund comes under the Debt category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Liquid Fund via lump sum is ₹99 and via SIP is ₹99.
| Min Investment Amt | ₹99 |
|---|---|
| AUM | ₹35,428Cr |
| 1Y Returns | 7.3% |
Fund Performance: The ICICI Prudential Technology Fund has given 16.12% annualized returns in the past three years and 24.49% in the last 5 years. The ICICI Prudential Technology Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Technology Fund via lump sum is ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹11,977Cr |
| 1Y Returns | 34.3% |
Fund Performance: The ICICI Prudential US Bluechip Equity Fund has given 9.54% annualized returns in the past three years and 16.28% in the last 5 years. The ICICI Prudential US Bluechip Equity Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential US Bluechip Equity Fund via lump sum is ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹3,192Cr |
| 1Y Returns | 16.6% |
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