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ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund, founded in the year 1998, is a joint venture between ICICI Prudential Asset Management Company (AMC) and Prudential PLC. While 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. Hence, ICICI Prudential Mutual Fund is a blend of the experience and industry knowledge of the two companies that are one of the best in business in their respective countries.

The AMC witnessed a humble beginning in the year of its establishment, starting with 6 employees at 2 locations. Since then, it has experienced an incremental growth to become one of the leading mutual fund investment companies in India with more than 1913 employees spread across 200 locations with an investor base of more than 3 million investors (As on March 31, 2018). ICICI Prudential Asset Management Company (AMC) offers Portfolio Management Services for mutual fund investors across India as well as International Advisory Mandates for investors across global markets in varied asset classes like Equity, Debt and Real Estate.

The objective of ICICI Prudential Mutual Fund is to offer a versatile range of mutual fund investments that are a combination of investments and savings, enabling investors to build a portfolio that makes the best use of their finances for their diverse financial requirements. The investment solutions are equipped to generate capital wealth by investing in companies across national and international markets.

The AMC had kept up with the rapidly changing times with its customer-centric solutions, industry expertise and deep knowledge. It consistently strives to meet customer expectations with tech-enabled innovation and sustained efforts.

Types of ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund offers an extensive range of mutual funds across categories. It acts as a favourable investment option for investors with different risk appetite and financial objectives. The following are the different types of mutual funds from ICICI Prudential:

  • Equity Funds: Equity funds from ICICI Prudential Mutual Fund are an effective mutual fund vehicle for long-term investments in the stock market. Its objective is to ensure investors high returns through medium-higher risk funds. These funds are handled either actively or passively through index funds.

  • Hybrid Funds: Also referred to as Balanced Funds, these mutual fund investments is a combination of debt as well as equity funds, which justifies its name. The type of hybrid combination determines the degree of magnitude. In the case of debt-hybrid, the majority of the funds is invested in the debt market, as the name suggests. Similarly, the majority of the funds is invested in the equity market, in the case of equity-hybrid.

  • Debt Funds: This investment vehicle invests in medium or short-term bonds, money markets, security products, etc. It is aimed at making use of the available funds to generate the maximum ROI, while preserving the initial investment amount. It is a recommended investment vehicle for investors with a low risk appetite.

  • 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 Prudential Mutual Fund resemble the stock markets that are eligible for being traded like stocks. Investments are largely made in stocks of precious metals, corporations and currencies. One of the benefits of these funds is that there are no restrictions regarding the time in which they are bought and sold.

Equity Funds Offered by ICICI Prudential

ICICI Prudential Bluechip Fund

This is an open-ended equity scheme that aims for long-term capital growth through investments in equity and equity-related instruments of large-cap organisations.

ICICI Prudential Value Discovery Fund

This is open-ended equity scheme with a moderately high risk factor. It invests in a diversified portfolio comprising of value stocks to meet the long-term financial objective of generating returns through a combination of capital appreciation and dividend income.

ICICI Prudential Long Term Equity Fund (Tax Saving)

As evident from the name, it is a long-term open-ended equity linked savings scheme that involves moderately high risks. It focuses on generating long-term capital growth through investments in equity and equity-related instruments. This equity mutual investment enables investors to avail tax benefits under Section 80C of the Income Tax Act, 1961.

ICICI Prudential Infrastructure Fund

This open-ended equity scheme is best suited for investors with a high risk appetite. It seeks to generate wealth through investments in equity and equity-related instruments of organisations that are enlisted under the infrastructure and allied sectors.

ICICI Prudential Multi-cap Fund

This equity mutual fund invests in diversified equity and equity-related securities of small-cap, medium-cap and large-cap stocks across industries. This meets the financial goals of investors with moderately high investment appetite.

ICICI Prudential Technology Fund

Best suited for investors with a high risk appetite, this equity fund invests in the stocks of technology companies and those driven by technology.

ICICI Prudential Large and Mid-cap Fund

Accompanied by a moderately high risk, this long-term equity fund investment invests in mid-cap and large-cap organisations.

ICICI Prudential US Bluechip Equity Fund

This open-ended equity scheme that involves a high risk is best suited for long-term investments. It invests in equity and equity-related instruments of organisations that are enlisted under popular stock exchanges in the US and also in American Depository System/Global Depository Systems (ADRs/GDRs) that are issued by Indian as well as international organisations.

ICICI Prudential Exports and Services Fund

This equity fund, meant for investors with a high risk appetite, invests in equity and equity-related instruments of organisations in the exports and services sector.

ICICI Prudential Mid-cap Fund

This fund specialises in long-term investments in a diversified portfolio of mid-cap stocks and is well suited for investors with a moderately high risk appetite.

Other equity mutual funds from ICICI mutual Funds are:

  • ICICI Prudential Dividend Yield Equity Fund
  • ICICI Prudential FMCG Fund
  • ICICI Prudential Small-cap Fund
  • ICICI Prudential Focused Equity Fund
  • ICICI Prudential Banking and Financial Services Fund

Hybrid Funds Offered by ICICI Prudential

The following are the hybrid mutual funds from ICICI Prudential:

ICICI Prudential Regular Savings Fund

This open-ended hybrid scheme, best suited for investors with moderately high risk appetite, generally invests in debt securities and money market. It seeks to meet the objective of attaining capital growth by investing in long-term equity investments.

ICICI Prudential Equity & Debt Fund

This aims at generating capital wealth in the long-term while being a source of regular income in the short and medium term. It invests in a portfolio consisting of equity and equity-related instruments, and fixed income instruments.

ICICI Prudential Equity – Arbitrage Fund

This is an open-ended scheme making investments in arbitrage opportunities, making it an effective investment option for those looking for short-term income. This invests in short-term debt instruments and aims to make the most of arbitrage and other derivative strategies in equity markets.

ICICI Prudential Multi-Asset Fund

Involving a moderately high risk factor, this fund seeks to generate capital appreciation and a source of income by investing in at least three asset classes, with a minimum of 10% being assigned to each asset class.

ICICI Prudential Equity Savings Fund

The objective of this fund is to serve as a regular income through the use of arbitrage and related derivative strategies and by investing in equity and equity-related securities.

Other hybrid mutual funds from ICICI Prudential mutual Fund are:

  • ICICI Prudential Equity – Arbitrage Fund
  • ICICI Prudential Multi-Asset Fund
  • Investment Objective of ICICI Prudential Multi-Asset Fund
  • ICICI Prudential Equity & Debt Fund
  • ICICI Prudential Regular Savings Fund
  • Debt Funds Offered by ICICI Prudential

Debt Funds Offered by ICICI Prudential

The following are the debt funds offered by ICICI Prudential:

ICICI Prudential Savings Fund

This open-ended low-duration debt fund scheme with moderately low risk is an effective investment instrument for investors looking to generate an income through debt securities and money market. Besides, this scheme ensures optimum balance of safety, liquidity and yield.

ICICI Prudential Floating Interest Fund

This is again an open-ended fund with moderate risk that invests mostly in floating rate instruments to generate income. It aims at achieving optimum balance of safety, yield and liquidity.

ICICI Prudential Corporate Bond Fund

This scheme invests in corporate bonds that have a rating of at least AA+ and seeks to maintain optimum balance of safety, liquidity and yield.

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

Investments for this open-ended short-term debt fund scheme focuses on a wide range of money market and debt instruments to maximise liquidity, yield and safety.

ICICI Prudential Money Market Fund

This open-ended low-risk scheme aims to generate a reasonable short-term income through investments in money market securities, while ensuring high liquidity.

ICICI Prudential Long Term Bond Fund

This debt scheme is a source of income through investments in a wide range of debt and money market securities. It is accompanied by a moderate risk factor and maintains optimum safety, liquidity and yield.

ICICI Prudential All Seasons Bond Fund

This open-ended debt scheme maintains liquidity, safety and yield while investing in debt and money market securities of various durations to generate good returns at a moderate risk.

Other debt fund schemes from ICICI Prudential Mutual Fund are:

  • ICICI Prudential Medium Term Bond Fund
  • ICICI Prudential Gilt Fund
  • ICICI Prudential Bond Fund
  • ICICI Prudential Banking and PSU Debt Fund
  • ICICI Prudential Constant Maturity Gilt Fund
  • ICICI Prudential Ultra Short Term Fund
  • ICICI Prudential Credit Risk Fund
  • Solution-oriented Funds Offered by ICICI Prudential

Solution-oriented Funds Offered by ICICI Prudential

ICICI Prudential Child Care Plan (Gift Plan)

This is an open-ended exchange-traded fund scheme for children with a lock-in period with moderately high risk factor. It seeks to generate returns by investing in long-term debt and money market securities.

ICICI Prudential Nifty ETF

It is an open-ended exchange traded fund (ETF) that aims to repeat the exceptional performance of Nifty 50 Index by investing in the same stocks at the exact proportion. It offers tax-savings while ensuring liquidity in the long–term.

ICICI Prudential Sensex ETF

This open-ended ETF with moderately high risk aims to repeat the fund performance of S&P BSE Sensex by investing in the same securities at the same proportion.

ICICI Prudential Midcap Select ETF

This ETF, accompanied by high risk, aims to generate long-term capital wealth by investing in the same instruments as that of S&P BSE Midcap Select Index at the same proportion to repeat its fund performance. Besides, this is also tax-efficient.

ICICI Prudential Nifty 100 ETF

This open-ended ETF with a moderately high risk factor seeks to repeat the fund performance of Nifty 100 Index by investing in the same large-cap stocks and at the same proportion. Further, it ensures liquidity and is tax-efficient.

ICICI Prudential Advisor Series – Debt Management Fund

This open-ended fund of funds scheme with a moderate risk factor aims to generate wealth by investing majorly in debt and money market securities while ensuring high liquidity. This is well-suited for investors looking for short-term savings.

ICICI Prudential Global Stable Equity Fund

This ensures reasonable long-term returns through investments in foreign mutual fund schemes in one or multiple units.

ICICI Prudential Sensex Index Fund

This open-ended index scheme seeks to repeat the fund performance of S&P BSE Sensex Index by investing in stocks of organisations that belong to the S&P BSE Sensex Index. This creates wealth in the long-term and has moderately high risks.

ICICI Prudential Advisor Series – Passive Strategy Fund

This open-ended fund o fund scheme with a moderately high risk factor generates long-term income by investing in varied ETFs and debt schemes of ICICI Prudential Mutual Fund.

ICICI Prudential Nifty Next 50 Index Fund

This open-ended index scheme with moderately high risk factor invests in stocks of companies that are enlisted under the Nifty Next 50 Index Fund to repeat the fund performance of Nifty Next 50 Index.

ICICI Prudential Nifty Index Fund

This open-ended index scheme invests in organisations that are enlisted under the Nifty Index with the aims to repeat their fund performance. This scheme, accompanied by moderately high risk factor, is the best suited for investors looking for long-term investments.

Other Solution-oriented Funds from ICICI Prudential Mutual Fund are:

  • ICICI Prudential Gold ETF
  • ICICI Prudential Bharat 22 ETF
  • ICICI Prudential S&P BSE 500 ETF
  • ICICI Prudential Advisor Series – Thematic Fund
  • ICICI Prudential Advisor Series – Hybrid Fund
  • ICICI Prudential Advisor Series – Conservative Fund
  • ICICI Prudential Regular Gold Savings Fund

Top 10 ICICI Prudential Mutual Fund

Here are the top 10 mutual funds from ICICI Prudential:

Type of SchemesType of FundNAV1-Y Return3-Y Return5-Y Return
Regular Savings Fund - GrowthGrowth40.544.659.2512.57
Regular Savings Fund - Dividend QuarterlyDividend11.534.659.2512.57
Regular Savings Fund - Dividend MonthlyDividend13.944.659.2512.57
Regular Savings Fund - Dividend Half YearlyDividend12.524.659.2512.57
Regular Savings Fund - BonusGrowth16.934.659.2512.57
Nifty Next 50 Index Fund - GrowthGrowth26.486.4512.0522.94
Nifty Next 50 Index Fund - DividendDividend26.486.4512.0522.94
Nifty Next 50 Index Direct - GrowthGrowth27.156.8712.5523.48
Nifty Next 50 Index Direct - DividendDividend27.146.8712.5523.48
Regular Savings Fund - Direct GrowthGrowth42.345.5610.1513.46

The Key Features of ICICI Prudential Mutual Fund

Let’s take a look at the primary features of ICICI Prudential Mutual Fund:

  • 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.
  • Most of ICICI Prudential’s mutual investment schemes are eligible for a CRISIL rating of AAA .
  • The investment products are user-friendly with ICICI Prudential Mutual Fund. It ensures streamlined and seamless services to young, inexperienced and small-time investors with Systematic Investment Plans (SIP), which encourages a positive financial habit through monthly investments.
  • Equity Linked Savings Plans (ELSS) make investors eligible for tax deductions under Section 80C of Income Tax Act, 1961.
  • It boasts of a robust portfolio of debt mutual investments and instruments like Government Securities, Treasury Bills, Money Markets and Corporate Bonds, which are not affected by unfavourable conditions in the capital market.
  • An extensive range of investment schemes across different types of mutual fund investments – equity, debt, hybrid, funds of funds and exchange-traded funds – enables investors to build a stable and diverse portfolio as per their risk appetite and financial objectives.
  • Open-ended schemes from ICICI Prudential Mutual Fund offer the flexibility of withdrawing the invested capital, according to the convenience of investors, in accordance to the exit load of schemes.
  • It offers attractive post-tax returns on debt instruments in the form of dividends., Dividend 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.

ICICI Prudential Mutual Funds Documents

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.
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