ICICI Prudential Mutual Fund began operations in 1993. It was a joint venture between Prudential PLC, a British multinational insurance company, and India’s ICICI bank. This mutual fund house is also one of the largest AMCs in India in terms of assets under management or AUM.
The AMC offers more than 40 mutual fund schemes under various categories. Its categories of MFs comprise hybrid schemes, debt schemes, and the best ICICI Prudential equity mutual funds.
An equity fund is a kind of mutual fund that invests predominantly in stocks of various companies across market capitalisations. The market performance of the constituent companies in an equity mutual fund portfolio determines its returns.
Depending upon their investment objective, prospective investors can choose the best ICICI Prudential equity mutual funds 2023 from a variety of schemes. These include large-cap funds, large and mid-cap funds, mid-cap funds, and small-cap funds.
Just as any other mutual fund investment, investing in equity funds has its benefits and drawbacks. These funds distribute wealth in equity and other equity-related instruments that have the potential to generate considerable returns. In fact, equity mutual funds generally deliver the highest returns to investors as compared to all other MF categories.
Typically, an equity mutual fund holds roughly 40-50 stocks in its portfolio. As a result, it can effectively lower the associated risks of investment. The top ICICI Prudential equity mutual funds cater to investors seeking maximised capital appreciation over an extended timeframe through a diversified portfolio.
On the other hand, investors must be aware that all equity instruments are inherently volatile. So, an equity mutual fund has a moderate to very high risk quotient, premised upon various market conditions. Therefore, an investment in equity mutual funds tends to be suitable for investors with long term horizons and an appetite for significant risks.
Presently, ICICI Prudential Mutual Fund offers more than 6 schemes under its category of equity funds.
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| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
ICICI Prudential Bluechip Fund | Equity | Very High | 42.6% | 5 | ₹53,505 |
ICICI Prudential S&P BSE Sensex Index Fund | Other | Very High | 25.0% | 2 | ₹1,446 |
ICICI Prudential Equity & Debt Fund | Hybrid | Very High | 42.7% | 5 | ₹33,502 |
ICICI Prudential Nifty Next 50 Index Fund | Other | Very High | 64.8% | 2 | ₹4,443 |
ICICI Prudential Balanced Advantage Fund | Hybrid | High | 23.1% | 4 | ₹56,174 |
ICICI Prudential ELSS Tax Saver Fund | Equity | Very High | 40.2% | 3 | ₹13,084 |
ICICI Prudential Banking and Financial Services Fund | Equity | Very High | 24.3% | 3 | ₹7,489 |
ICICI Prudential Liquid Fund | Debt | Moderate | 7.3% | 3 | ₹35,428 |
ICICI Prudential Technology Fund | Equity | Very High | 35.9% | -- | ₹11,977 |
ICICI Prudential US Bluechip Equity Fund | Equity | Very High | 18.9% | -- | ₹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 23.53% annualized returns in the past three years and 18.83% 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 | 42.6% |
Fund Performance: The ICICI Prudential S&P BSE Sensex Index Fund has given 16.8% annualized returns in the past three years and 14.99% 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 | 25.0% |
Fund Performance: The ICICI Prudential Equity & Debt Fund has given 27.58% annualized returns in the past three years and 21.36% 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 | 42.7% |
Fund Performance: The ICICI Prudential Nifty Next 50 Index Fund has given 23.35% annualized returns in the past three years and 18.26% 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 | 64.8% |
Fund Performance: The ICICI Prudential Balanced Advantage Fund has given 14.61% annualized returns in the past three years and 13.54% 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 | 23.1% |
Fund Performance: The ICICI Prudential ELSS Tax Saver Fund has given 21.04% annualized returns in the past three years and 17.42% 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 | 40.2% |
Fund Performance: The ICICI Prudential Banking and Financial Services Fund has given 17.66% annualized returns in the past three years and 12.05% 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 | 24.3% |
Fund Performance: The ICICI Prudential Liquid Fund has given 5.57% 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 17.05% annualized returns in the past three years and 24.22% 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 | 35.9% |
Fund Performance: The ICICI Prudential US Bluechip Equity Fund has given 10.08% annualized returns in the past three years and 16.45% 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 | 18.9% |
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