ICICI Prudential Mutual Funds started in 1993 with a joint venture between ICICI Bank and Prudential PLC from the UK. Currently, the company is one of India’s top five AMCs.
The AMC has more than 40 mutual fund schemes under its portfolio, along with the best ICICI Prudential hybrid mutual funds.
A hybrid or balanced fund is a sub-type of mutual fund that focuses on investing in more than one type of security. The aim here is to offer a balanced return to investors by balancing equity and debt investments.
The best ICICI Prudential hybrid mutual fund generates wealth appreciation in the long run and income in the short run through a balanced portfolio. Fund managers distribute the investment in different debt and equity instruments depending on the scheme’s investment objective.
Additionally, hybrid funds are classified based on their asset allocation. For instance, in a debt-based fund, 60% or more of the total investment is in the debt market, and the rest is in equity shares. In contrast, for equity-oriented funds, this allocation is the opposite.
Furthermore, monthly income plans mainly invest 15-20% of the fund corpus in the equity market, ensuring higher returns. Investors also get regular income in the form of dividends and interest payouts. An arbitrage fund is another variant of hybrid funds where fund managers purchase stocks at a reduced price in one market and sell them at a higher margin in another market.
A major advantage of hybrid funds is their balanced approach. The equity component is likely to generate more profits, while the debt components offer a safety net against market volatility. Nonetheless, the exact positives and negatives vary depending on your choice of scheme.
The best ICICI Prudential hybrid mutual funds 2022 includes more than 5 schemes in its portfolio, offering different options like balanced advantage, multi-asset, and arbitrage schemes.
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| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
| ICICI Prudential Bluechip Fund | Equity | Very High | 5.3% | 4 | ₹35,049 |
| ICICI Prudential S&P BSE Sensex Index Fund | Other | Very High | 4.6% | 4 | ₹647 |
| ICICI Prudential Equity & Debt Fund | Hybrid | Very High | 8.6% | 5 | ₹21,282 |
| ICICI Prudential Nifty Next 50 Index Fund | Other | Very High | -2.0% | 1 | ₹2,585 |
| ICICI Prudential Balanced Advantage Fund | Hybrid | Moderately High | 7.5% | 4 | ₹44,634 |
| ICICI Prudential Long Term Equity Fund | Equity | Very High | 1.7% | 4 | ₹10,241 |
| ICICI Prudential Banking and Financial Services Fund | Equity | Very High | 3.9% | 3 | ₹5,519 |
| ICICI Prudential Liquid Fund | Debt | Moderate | 5.1% | 2 | ₹40,973 |
| ICICI Prudential Technology Fund | Equity | Very High | -9.8% | -- | ₹8,794 |
| ICICI Prudential US Bluechip Equity Fund | Equity | Very High | 7.5% | -- | ₹2,121 |
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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 15.91% annualized returns in the past three years and 10.91% in the last 5 years. The ICICI Prudential Bluechip Fund belongs to 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 | ₹35,049Cr |
| 1Y Returns | 5.3% |
Fund Performance: The ICICI Prudential S&P BSE Sensex Index Fund has given 14.09% annualized returns in the past three years and 11.41% in the last 5 years. The ICICI Prudential S&P BSE Sensex Index Fund belongs to 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 | ₹647Cr |
| 1Y Returns | 4.6% |
Fund Performance: The ICICI Prudential Equity & Debt Fund has given 19.94% annualized returns in the past three years and 13.21% in the last 5 years. The ICICI Prudential Equity & Debt Fund belongs to 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 | ₹21,282Cr |
| 1Y Returns | 8.6% |
Fund Performance: The ICICI Prudential Nifty Next 50 Index Fund has given 10.91% annualized returns in the past three years and 5.23% in the last 5 years. The ICICI Prudential Nifty Next 50 Index Fund belongs to 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 | ₹2,585Cr |
| 1Y Returns | -2.0% |
Fund Performance: The ICICI Prudential Balanced Advantage Fund has given 11.64% annualized returns in the past three years and 10.05% in the last 5 years. The ICICI Prudential Balanced Advantage Fund belongs to 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 | ₹44,634Cr |
| 1Y Returns | 7.5% |
Fund Performance: The ICICI Prudential Long Term Equity Fund has given 14.94% annualized returns in the past three years and 10.88% in the last 5 years. The ICICI Prudential Long Term Equity Fund belongs to the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Long Term Equity Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹10,241Cr |
| 1Y Returns | 1.7% |
Fund Performance: The ICICI Prudential Banking and Financial Services Fund has given 8.35% annualized returns in the past three years and 7.39% in the last 5 years. The ICICI Prudential Banking and Financial Services Fund belongs to 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 | ₹5,519Cr |
| 1Y Returns | 3.9% |
Fund Performance: The ICICI Prudential Liquid Fund has given 4.23% annualized returns in the past three years and 5.33% in the last 5 years. The ICICI Prudential Liquid Fund belongs to 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 ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹40,973Cr |
| 1Y Returns | 5.1% |
Fund Performance: The ICICI Prudential Technology Fund has given 31.69% annualized returns in the past three years and 22.32% in the last 5 years. The ICICI Prudential Technology Fund belongs to 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 | ₹8,794Cr |
| 1Y Returns | -9.8% |
Fund Performance: The ICICI Prudential US Bluechip Equity Fund has given 15.49% annualized returns in the past three years and 15.68% in the last 5 years. The ICICI Prudential US Bluechip Equity Fund belongs to 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 | ₹2,121Cr |
| 1Y Returns | 7.5% |
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