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ICICI Prudential Mutual Fund
Hello and welcome to Coverfox’s dedicated page on ICICI Prudential’s Mutual Funds. We have all the information you need to make a sound investment to secure your financial future with one of India’s best private sector mutual funds.
Coverfox gives you all the information related to mutual funds, from return rates to tenures. Don’t be worried about choosing the wrong fund scheme - we have all the fund details required to make the PERFECT investment decision by you!
What is ICICI Prudential Mutual Fund?
It is India’s second-largest asset management company.
It is a joint venture between ICICI Bank in India and Prudential Plc, one of the UK’s largest players in the financial services sectors.
With a reach across over 300 locations and an investor base of 4 million (as on June 30, 2019), the company’s growth momentum has been exponential.
What is the objective of ICICI Prudential Mutual Fund?
Why do we invest in mutual funds? Simple - to increase our personal wealth. ICICI Mutual Fund’s goal is not different.
The fund house offers a versatile range of mutual fund investments that is a combination of investments and savings. It enables investment in stocks of both international and domestic organizations while helping investors diversify their financial assets to protect from risk and meet future requirements.
What are the Features of ICICI Prudential Mutual Fund?
Why would you buy a car without knowing its features? Similarly, you should never invest in a Mutual fund house or offerings without understanding the features that you will use! Here’s a list of features that make this mutual fund house unique for investors:
Offers robust options across large, mid and small-cap stocks for short, medium and long-term investments.
It boasts of a highly accomplished team of Fund Managers who are experts in the financial industry and have the experience to guide the company mutual fund schemes through volatile capital market conditions
What are the advantages of ICICI Prudential Mutual Fund?
Every Mutual Fund has its share of advantages and ICICI Prudential’s Mutual Fund is no different. Here are the reasons why you should invest in this Mutual Fund House:
Outstanding performance of MF when compared over the last couple of years.
Most of ICICI Prudential’s mutual investment schemes are eligible for a CRISIL rating of AAA.
Mutual fund schemes are tailor-made to suit the unique financial objectives of investors and their varied risk appetite.
Equity Linked Savings Plans (ELSS) make investors eligible for tax deductions under Section 80C of Income Tax Act, 1961.
ICICI Mutual Fund schemes are a safe instrument for all investors, irrespective of their financial goals.
It boasts of a robust portfolio of debt mutual instruments like Government Securities, Treasury Bills, Money Markets, and Corporate Bonds.
The mutual fund helps smaller, and younger investors maintain discipline in savings, with Systematic Investment Plans (SIP).
This Mutual Fund offers investment schemes across diverse products to manage risk - equity, debt, hybrid, funds of funds and exchange-traded funds.
Withdraw invested Capital anytime, according to the convenience and exit policies of the Fund.
It offers attractive post-tax returns on debt instruments in the form of dividends, (Dividends from liquid v/s non-liquid funds, Dividend for individual v/s non-individual investors), capital gains based on the difference between the sales price and purchase price of the debt security, etc.
Types of Funds Offered by ICICI Prudential
ICICI Prudential Mutual Fund offers an extensive range of mutual funds across categories, serving investors with different risk appetite.
The following are the different types of mutual funds from ICICI Prudential:
Equity Funds: Ensures investors high returns through medium-higher risk funds. Can be handled through Index Funds.
Hybrid Funds: Combination of debt as well as equity funds. Can be Debt-Hybrid or Equity Hybrid. Also called Balance Funds.
Debt Funds: This investment vehicle invests in medium or short-term bonds, money markets, security products, etc. Perfect for Low-Risk investors.
Fund of Funds: This fund invests the capital in multi-risk thresholds like high-risk, medium-risk, and low-risk. Further, it diversifies funds across available fund categories.
Exchange-Traded Funds: Exchange-Traded Funds from ICICI Mutual Fund resemble the stock markets that are eligible for being traded like stocks.
Equity Schemes Offered by ICICI Prudential
Note: All information has been sourced from the official website of ICICI Prudential Mutual Fund.
ICICI Prudential Bluechip Fund
Fund Type
Open Ended
Benchmark
Nifty 100 TRI
Fund Manager
Priyanka Khandewal (Overseas Investment Manager), Anish Tawakley, Rajat Chandak
Risk Factor
Moderately High
Asset Size
24246.22 CR
Returns (%) 1 Yr
1.03%
Returns (%) 3 Yrs
2.19%
Returns (%) 5 Yrs
5.96%
Investment Objective: To generate long term capital appreciation and income distribution to investors from a portfolio that is predominantly invested in equity and equity related securities of large cap companies.
Investment Objective: To generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of value stocks.
ICICI Prudential Long Term Equity Fund (Tax Saving)
Investment Objective: To generate capital appreciation and income distribution to unit holders by investing predominantly in equity/equity related securities of the companies belonging to the infrastructure theme.
ICICI Prudential Multi-cap Fund
Fund Type
Open Ended
Benchmark
S&P BSE 500 TRI
Fund Manager
Rajat Chandak, Sankaran Naren
Risk Factor
Moderately High
Asset Size
5355.45 CR
Returns (%) 1 Yr
-8.58%
Returns (%) 3 Yrs
-0.45%
Returns (%) 5 Yrs
4.21%
Investment Objective: To generate capital appreciation through investments in equity & equity related instruments across large cap, mid cap and small cap stocks of various industries.
ICICI Prudential Technology Fund
Fund Type
Open Ended
Benchmark
S&P BSE Information Technology TRI
Fund Manager
Vaibhav Dusad, Sankaran Naren
Risk Factor
High
Asset Size
474.75 CR
Returns (%) 1 Yr
16.38%
Returns (%) 3 Yrs
18.60%
Returns (%) 5 Yrs
10.44%
Investment Objective: To generate long term capital appreciation by creating a portfolio that is invested in equity and equity related securities of technology and technology dependent company/companies.
ICICI Prudential Large and Mid-cap Fund
Fund Type
Open Ended
Benchmark
Nifty 50
Fund Manager
Sankaran Naren, Prakash Gaurav Goel
Risk Factor
High
Asset Size
3242.09 Cr
Returns (%) 1 Yr
9.03
Returns (%) 3 Yrs
8.40
Returns (%) 5 Yrs
7.38
Investment Objective: To generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of large-cap and mid-cap companies.
ICICI Prudential US Bluechip Equity Fund
Fund Type
Open Ended
Benchmark
Nifty 50
Fund Manager
Rohan Maru, Priyanka Khandelwal
Risk Factor
High
Asset Size
437.42 Cr
Returns (%) 1 Yr
28.88
Returns (%) 3 Yrs
16.29
Returns (%) 5 Yrs
14.44
Investment Objective: To provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on recognized stock exchanges in the United States of America. The Scheme shall also invest in ADRs/GDRs issued by Indian and foreign companies
ICICI Prudential Exports and Services Fund
Fund Type
Open Ended
Benchmark
S&P BSE 500 TRI
Fund Manager
Sankaran Naren, Ashwin Jain
Risk Factor
High
Asset Size
672.23 Cr
Returns (%) 1 Yr
9.71
Returns (%) 3 Yrs
8.52
Returns (%) 5 Yrs
7.60
Investment Objective: To generate capital appreciation and income distribution to unit holders by investing predominantly in equity/equity related securities of the companies belonging to the Exports & Services industry.
ICICI Prudential Mid-cap Fund
Fund Type
Open Ended
Benchmark
Nifty 50
Fund Manager
Mrinal Singh, Mittul Kalawadia
Risk Factor
Moderately High
Asset Size
1875.07 Cr
Returns (%) 1 Yr
4.22
Returns (%) 3 Yrs
8.24
Returns (%) 5 Yrs
7.12
Investment Objective: To generate capital appreciation by actively investing in diversified mid cap stocks.
Hybrid Schemes Offered by ICICI Prudential
The following are the hybrid mutual funds from ICICI Prudential:
ICICI Prudential Regular Savings Fund - Growth
Fund Type
Open Ended
Benchmark
Nifty 50
Fund Manager
Rajat Chandak, Manish Banthia
Risk Factor
Moderately High
Asset Size
1709.64 Cr
Returns (%) 1 Yr
9.73
Returns (%) 3 Yrs
8.70
Returns (%) 5 Yrs
8.85
Investment Objective: To generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme.
ICICI Prudential Equity & Debt Fund
Fund Type
Open Ended
Benchmark
Nifty 50
Fund Manager
Sankaran Naren, Manish Banthia, Atul Patel
Risk Factor
Moderately High
Asset Size
23072.62 Cr
Returns (%) 1 Yr
11.50
Returns (%) 3 Yrs
9.67
Returns (%) 5 Yrs
9.43
Investment Objective: To generate long-term capital appreciation and current income by creating a portfolio invested in equity-equity related securities as well as fixed income and money market securities.
ICICI Prudential Equity – Arbitrage Fund
Fund Type
Open Ended
Benchmark
Nifty 50
Fund Manager
Dharmesh Kakkad, Kayzad Eghlim, Manish Banthia
Risk Factor
Moderate
Asset Size
13565.97 Cr
Returns (%) 1 Yr
6.10
Returns (%) 3 Yrs
5.96
Returns (%) 5 Yrs
6.37
Investment Objective: To generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.
ICICI Prudential Multi-Asset Fund
Fund Type
Open Ended
Benchmark
Nifty 50
Fund Manager
Sankaran Naren, Anuj Tagra, Ihab Dalwai
Risk Factor
Moderately High
Asset Size
11870.95 Cr
Returns (%) 1 Yr
10.05
Returns (%) 3 Yrs
9.78
Returns (%) 5 Yrs
8.84
Investment Objective: To generate capital appreciation and income for investors by investing across asset classes.
Investment Objective: To generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies.
Debt Funds Offered by ICICI Prudential
The following are the debt funds offered by ICICI Prudential:
ICICI Prudential Savings Fund
Fund Type
Open Ended
Benchmark
CRISIL 10 Year Gilt Index
Fund Manager
Rahul Goswami, Rohan Maru
Risk Factor
Moderately Low
Asset Size
2130.46 Cr
Returns (%) 1 Yr
8.67
Returns (%) 3 Yrs
7.62
Returns (%) 5 Yrs
8.17
Investment Objective: To generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity.
ICICI Prudential Floating Interest Fund
Fund Type
Open Ended
Benchmark
CRISIL 10 Year Gilt Index
Fund Manager
Rahul Goswami, Nikhil Kabra
Risk Factor
Moderately Low
Asset Size
8005.39 Cr
Returns (%) 1 Yr
8.33
Returns (%) 3 Yrs
7.13
Returns (%) 5 Yrs
7.72
Investment Objective: To generate income through investing predominantly in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity.
ICICI Prudential Corporate Bond Fund
Fund Type
Open Ended
Benchmark
CRISIL 10 Year Gilt Index
Fund Manager
Rahul Goswami, Rohan Maru, Chandni Gupta
Risk Factor
Moderately Low
Asset Size
11338.51 Cr
Returns (%) 1 Yr
9.71
Returns (%) 3 Yrs
7.35
Returns (%) 5 Yrs
8.19
Investment Objective: To generate income through investing predominantly in AA+ and above rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity.
ICICI Prudential Liquid Fund
Accompanied by low risk, the objective of this open-ended liquid fund scheme is to generate returns through investments in money market and debt instruments while optimising liquidity and safety.
ICICI Prudential Short Term Fund - Growth
Fund Type
Open Ended
Benchmark
CRISIL 10 Year Gilt Index
Fund Manager
Rahul Goswami, Rohan Maru, Chandni Gupta
Risk Factor
Moderately Low
Asset Size
11338.51 Cr
Returns (%) 1 Yr
9.71
Returns (%) 3 Yrs
7.35
Returns (%) 5 Yrs
8.19
Investment Objective: To provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in money market and debt instruments.
ICICI Prudential Money Market Fund
Fund Type
Open Ended
Benchmark
CRISIL 10 Year Gilt Index
Fund Manager
Rahul Goswami, Rohan Maru
Risk Factor
Low
Asset Size
55664.87 Cr
Returns (%) 1 Yr
6.49
Returns (%) 3 Yrs
6.85
Returns (%) 5 Yrs
7.29
Investment Objective: To provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market securities.
ICICI Prudential Long Term Bond Fund
Fund Type
Open Ended
Benchmark
CRISIL 10 Year Gilt Index
Fund Manager
Manish Banthia
Risk Factor
Moderate
Asset Size
12353.65 Cr
Returns (%) 1 Yr
9.48
Returns (%) 3 Yrs
6.94
Returns (%) 5 Yrs
7.96
Investment Objective: To generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity.
ICICI Prudential All Seasons Bond Fund
Fund Type
Open Ended
Benchmark
CRISIL 10 Year Gilt Index
Fund Manager
Rahul Goswami, Nikhil Kabra
Risk Factor
Low
Asset Size
9118.54 Cr
Returns (%) 1 Yr
7.73
Returns (%) 3 Yrs
7.38
Returns (%) 5 Yrs
7.61
Investment Objective: To generate income through investing in a range of debt and money market instruments of various duration while maintaining the optimum balance of yield, safety and liquidity.
Solution-oriented Funds Offered by ICICI Prudential
ICICI Prudential Child Care Plan (Gift Plan)
Fund Type
Open Ended
Benchmark
NA
Fund Manager
NA
Risk Factor
Moderately High
Asset Size
661.51 Cr
Returns (%) 1 Yr
8.90
Returns (%) 3 Yrs
9.77
Returns (%) 5 Yrs
7.54
Investment Objective: To generate capital appreciation by creating a portfolio that is invested in equity and equity related securities and debt and money market instruments.
ICICI Prudential Nifty ETF
Fund Type
Open Ended
Benchmark
Nifty 50 TRI
Fund Manager
Kayzad Eghlim
Risk Factor
Moderately High
Asset Size
1379.46 Cr
Returns (%) 1 Yr
14.82
Returns (%) 3 Yrs
15.02
Returns (%) 5 Yrs
9.07
Investment Objective: To provide returns before expenses that closely correspond to the total return of the Underlying Index, subject to tracking errors.
ICICI Prudential Sensex ETF
Fund Type
Open Ended
Benchmark
S&P BSE SENSEX TRI
Fund Manager
Kayzad Eghlim
Risk Factor
Moderately High
Asset Size
31.65 Cr
Returns (%) 1 Yr
16.47
Returns (%) 3 Yrs
16.54
Returns (%) 5 Yrs
9.58
Investment Objective: To provide investment returns that, before expenses, closely correspond to the total returns of the securities as represented by the SENSEX.
ICICI Prudential Midcap Select ETF
Fund Type
Open Ended
Benchmark
Nifty 50
Fund Manager
Kayzad Eghlim
Risk Factor
High
Asset Size
39.51 Cr
Returns (%) 1 Yr
1.26
Returns (%) 3 Yrs
7.55
Returns (%) 5 Yrs
NA
Investment Objective: To provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.
ICICI Prudential Nifty 100 ETF
Fund Type
Open Ended
Benchmark
Nifty 100 TRI
Fund Manager
Kayzad Eghlim
Risk Factor
Moderately High
Asset Size
9.92 Cr
Returns (%) 1 Yr
13.17
Returns (%) 3 Yrs
13.89
Returns (%) 5 Yrs
8.95
Investment Objective: To provide returns before expenses that closely correspond to the total return of the Underlying Index, subject to tracking errors.
ICICI Prudential Advisor Series – Debt Management Fund
Fund Type
Open Ended
Benchmark
Nifty 50
Fund Manager
Manish Banthia
Risk Factor
Moderate
Asset Size
198.09 Cr
Returns (%) 1 Yr
8.58
Returns (%) 3 Yrs
6.97
Returns (%) 5 Yrs
8.57
Investment Objective: To generate capital appreciation primarily from a portfolio of debt oriented schemes accessed through the diversified investment styles of underlying schemes.
Top 10 ICICI Prudential Mutual Fund
Here are the top 10 mutual funds from ICICI Prudential:
Type of Schemes
Type of Fund
NAV
1-Y Return
3-Y Return
5-Y Return
Regular Savings Fund - Growth
Growth
40.54
4.65
9.25
12.57
Regular Savings Fund - Dividend Quarterly
Dividend
11.53
4.65
9.25
12.57
Regular Savings Fund - Dividend Monthly
Dividend
13.94
4.65
9.25
12.57
Regular Savings Fund - Dividend Half Yearly
Dividend
12.52
4.65
9.25
12.57
Regular Savings Fund - Bonus
Growth
16.93
4.65
9.25
12.57
Nifty Next 50 Index Fund - Growth
Growth
26.48
6.45
12.05
22.94
Nifty Next 50 Index Fund - Dividend
Dividend
26.48
6.45
12.05
22.94
Nifty Next 50 Index Direct - Growth
Growth
27.15
6.87
12.55
23.48
Nifty Next 50 Index Direct - Dividend
Dividend
27.14
6.87
12.55
23.48
Regular Savings Fund - Direct Growth
Growth
42.34
5.56
10.15
13.46
Documents Required for Investing in ICICI Mutual Fund
Every investor needs to be KYC (Know Your Customer) complaint to be able to invest in ICICI Prudential Mutual Fund. All investors are required to ensure that they are KYC compliant to open an account with ICICI Prudential Mutual Fund.
For investors who are not KYC compliant, they have to fill up the KYC application form and submit it at their nearest Point of Sales, along with relevant documents.
These documents include:
PAN Card
Address proof
Identity proof, and
Passport-sized photograph
Documents required to open an account with ICICI Prudential Mutual Fund are:
KYC acknowledgment
Filled up Application Form
Cheque/DD from your bank
Third-party declaration (for investors who are minors or for investing on behalf of minors)
FAQs on ICICI Prudential Mutual Funds
Can joint account holders make investments in ICICI Prudential Mutual Fund?
Yes, you can make investments in ICICI Prudential Mutual Fund through a joint account. It is not mandatory for you to be related to your joint account holder to make an investment.
How long does it take to get the dividend amount?
The estimated time taken by ICICI Prudential Mutual Fund for the release of dividend amount is a maximum of 10 working days from the record date. However, the deadline that the Securities and Exchange Board of India allows for dividend payments is 30 days.
How are dividend payments made to investors?
Dividend payments can be made to investors through these options:
National Electronic Clearing System (NECS)
National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS)
Direct credit, or
Demand Draft
How are redemption payouts made to investors?
The available payment modes available for redemption payouts to investors are:
National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS)
Direct credit, and
Demand Draft
Will I receive mobile alerts for transactions?
Yes, ICICI Prudential Mutual Fund investors receive mobile alerts for financial transactions, like purchases and redemption pay outs, as well as for non-financial purposes like change of address, change of bank, etc.
Through what modes can I invest in mutual funds via SIPs?
The modes of payment offered by ICICI Prudential Mutual Fund to SIP individuals who have invested in mutual funds through SIP are:
Standing instruction facility
Auto-debit
Post-dates cheques
What documents must I submit to start an SIP and put in money every month?
The necessary documents to start investing in SIP are:
KYC-KRA acknowledgment
Relevant Application Form
A minimum of five post-dated cheques
One current-dated cheque
Does a partnership firm have to submit a partnership deed if it wants to invest in mutual funds?
Yes, it is mandatory for all partnership firms to submit their partnership deeds to invest in mutual funds.
Who is eligible for ICICI Prudential Mutual Fund?
Following is the list of entities that are eligible for investing in ICICI Prudential Mutual Fund:
Resident Indians
Non-Resident Indians (NRIs)
Parents or legal guardians of minors
Businesses
Banks
Insurance companies
Partnership firms
Pension Funds
Hindu Undivided Families (HUFs)
Foreign Institutional Investors (FIIs)
Public Financial Institutions (PFIs)
Trusts
How to invest in ICICI Prudential Mutual Fund online?
You can invest in ICICI Prudential Mutual Fund online through these simple steps:
Step 1:
Visit the official website of ICICI Prudential Mutual Fund.
Step 2:
Select the ‘Login to Invest’ button mentioned under the ‘Invest Now’ section to the right.
Step 3:
If you are a new investor, you have to skip Step 2 and instead select the ‘Register Now’ option to be redirected to a new page.
Step 4:
Enter your folio number and create a new account with username and password.
Step 5:
Click on the box to acknowledge and agree to the terms and conditions of the online service, and then select the ‘Submit’ button.
Step 6 : A one-time password (OTP) will be generated and sent to your registered mobile number. Enter the OTP and then click on the ‘Activate Now’ button to complete the verification process and start investing.
Why choose ICICI Prudential Mutual Fund?
ICICI Prudential Mutual Fund is a joint venture between ICICI Prudential Asset Management Company and Prudential PLC. ICICI Prudential Asset Management Company is a reputed investment company that is sponsored by ICICI Bank, the largest private sector bank in India. Prudential PLC is a renowned UK-based financial services organisation.
It specialises in offering an extensive range of robust investment options across large-cap, mid-cap and small-cap stocks for short, medium and long-term investments.
Mutual fund schemes are designed to ensure good returns, as evident from their fund performances over the years.
Mutual fund schemes are tailor-made to suit the unique financial objectives of investors and their varied risk appetite
It boasts of a highly accomplished team of Fund Managers who are experts in the financial industry and have the experience to guide the company mutual fund schemes through volatile capital market conditions
Last but not the least, ICICI Prudential Mutual Fund schemes are a safe investment instrument for all investors, irrespective of their financial goals.
