ICICI Prudential Mutual Fund is one of India’s top 2 largest Asset Management Companies. It is one of the oldest and most profitable Mutual Funds. Most of their offerings are rated “AAAmfs”, which indicates a high degree of confidence and reliability.
ICICI Prudential was set up in 1993 with ICICI Bank and Prudential Plc acting as partners. The Prudential Group is one of the world’s oldest, largest and most influential insurance companies.
ICICI Prudential Mutual Fund has played a major role in setting up the CRISIL rating system in India. As a CIBIL score determines the creditworthiness of an individual, the CRISIL score determines the health of Mutual Funds in India.
According to statistics made available as of 30th September 2018, the Average Assets Under Management or AAUM of ICICI Pru Mutual Fund, as it is also known, is Rs 468196.92 Crore. It is managed by the trustees of the ICICI Prudential Trust Ltd and is over 30 years old.
The Mutual Fund was set up and incorporated in the same year- 1993. As of 31 March, 2023, it manages assets worth over Rs. 5.1 Lakh Crore. The organisation has some of the best-known fund managers in the business, and it is growing at a rapid pace.
ICICI Prudential Mutual Fund is headquartered in Mumbai and provides a wide array of funds designed to fit every socioeconomic bracket. You can deposit a lump sum or start a SIP with ICICI Prudential via Groww with minimal documentation and in a very short period of time.
Prudential Group has plans to offload 3.7% of its stake in the Mutual Fund to pare down its shareholding pattern to below 25% as per SEBI rules.
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
ICICI Prudential BHARAT 22 FOF Fund | Other | Very High | 42.1% | 5 | ₹321 |
ICICI Prudential Value Discovery Fund | Equity | Very High | 22.3% | 5 | ₹32,494 |
ICICI Prudential Retirement Fund | Solution Oriented | Moderately High | 24.7% | 5 | ₹367 |
ICICI Prudential Equity & Debt Fund | Hybrid | Very High | 20.1% | 5 | ₹26,183 |
ICICI Prudential India Equity FOF Fund | Other | Very High | 21.7% | 5 | ₹79 |
ICICI Prudential Multi Asset Fund | Hybrid | Very High | 20.0% | 5 | ₹24,931 |
ICICI Prudential Bluechip Fund | Equity | Very High | 16.3% | 5 | ₹41,269 |
ICICI Prudential Asset Allocator Fund | Other | High | 16.1% | 5 | ₹20,222 |
ICICI Prudential Income Optimizer Fund | Other | Moderate | 13.2% | 5 | ₹278 |
ICICI Prudential Equity Savings Fund | Hybrid | Low to Moderate | 9.4% | 5 | ₹7,325 |
ICICI Prudential All Seasons Bond Fund | Debt | Moderate | 7.8% | 5 | ₹11,427 |
ICICI Prudential Gilt Fund | Debt | Moderate | 8.2% | 5 | ₹4,379 |
ICICI Prudential Banking & PSU Debt Fund | Debt | Moderate | 7.4% | 5 | ₹8,283 |
ICICI Prudential Ultra Short Term Fund | Debt | Moderate | 7.4% | 5 | ₹12,413 |
ICICI Prudential Corporate Bond Fund | Debt | Low to Moderate | 7.5% | 5 | ₹24,508 |
| View All |
| Mutual fund name | ICICI Prudential Mutual Fund |
| Founded | October 23, 1993 |
| AMC Incorporation Date | June 22, 1993 |
| Sponsor name | Prudential Plc and ICICI Bank Ltd. |
| Trustee organisation | ICICI Prudential Trust Ltd |
| MD and CEO | Mr. Nimesh Shah |
| CIO | Mr. S Naren |
| Compliance Officer | Ms. Supriya Sapre |
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Investing in the top ICICI Mutual Funds online is easy and comparatively hassle-free when you use your Groww account. The entire process is described below.
Step 1: First, you will have to log in to your Groww account. In case you do not have a Groww account, you will have to sign up for one. Registering for a new account is free and saves you time too.
Step 2: Upload your identification documents using our website. You can use all the documents commonly accepted at any financial institution. Aadhaar, PAN, Driver’s Licence, Voter ID Card, Identification issued by either the Central or State Governments, or your Passport are all valid documents.
Step 3: Upload your address verification documents. Any document which mentions your permanent address will do.
Step 4: Determine the length of your investment.
Step 5: Determine if you are looking for high, low or medium risks. Higher return potential will also come with just as high risks involved.
Step 6: Based on your criteria, select the most suitable ICICI Prudential Mutual Fund.
Step 7: You have the freedom to choose from two alternatives. You can either click on “Invest One Time Only” if you are looking to invest a lump sum. Else, you can choose to begin a systematic SIP plan by choosing the “Start SIP” option.
Step 8: Start your investment immediately with a few clicks of the mouse.
Within 3 to 4 working days, your ICICI Pru Mutual Fund investment will be reflected in your Groww account.
Here are the top minds behind one of India’s highest performing Mutual Funds.
1. Mr. Sankaran Naren
Naren is currently the Chief Investment Officer of ICICI Prudential Asset Management Company Limited since 2008. He is an alumnus of the Indian Institute of Management, Calcutta and is an Engineering graduate from IIT Madras (now Chennai). He is a tried and tested expert of the Indian securities market. He is also an Executive Director of the company since 2016.
Mr Naren has served in many high-profile jobs across the spectrum over his many years in the Indian securities market. Previously, he was Chief Executive Officer at Yoha Securities. He was also a Director of HDFC Securities Ltd. With a lifetime spent in exploring the various facets of the Indian equity market, Naren brings an extensive repertoire to ICICI Pru Mutual Fund.
In his capacity as the Head of Research at Refco Sify Securities India Pvt. Ltd in the past, he has had a considerably varied career. He currently handles two of the highest profile funds at ICICI Prudential: the ICICI Prudential Top 100 Fund and the ICICI Prudential Dynamic Plan. Both these plans are among the top 10 funds in the market in their cap range.
2. Mr. Mrinal Singh
Mrinal Singh is currently the Deputy Chief Investment Officer in charge of Equity at ICICI Prudential Asset Management Company Limited. He joined the corporation in 2008. His educational credentials include a BE in Mechanical Engineering and also a Post-Graduation in SP Jain Institute of Management and Research.
Mr. Singh has extensive experience across multiple specialties and sub-specialties like automobiles, financial services, IT and retail banking. He is a specialist in the Indian securities and derivatives market. Before joining ICICI Prudential Mutual Funds, he was involved in senior-level positions at Robert Bosch GmbH Motor Industries Co. Ltd and Wipro.
Mr. Singh has core competencies in portfolio management and detailed sector-based analysis. He is credited with turning around many of ICICI Prudential’s Blue Chip stocks.
3. Mr. Rahul Rai
Mr. Rai has over 24 years of experience in the securities and investments sectors. He is currently the Executive Vice President while heading the Real Estate Business at ICICI Prudential Mutual Funds. He is a trained Chartered Accountant and is a specialist in Cost accountancy.
Rai is a senior executive at the real estate management firm PMS and has also worked in multiple SUN-Apollo Real Estate Advisors besides Arthur Anderson. Rai is also a former senior executive of Ernst and Young.
Mr. Rai is an expert in taxation, real estate investments and emerging markets.
4. Mr. Kayzad Eghlim
Mr. Eghlim is a senior expert in ETF products. He is also the Vice President of Investments and a very senior Portfolio manager. Mr Eghlim has been a senior executive in numerous other top-notch companies in the past as well. With him on-board, ICICI Prudential Mutual Fund has seen a rise in the number of ETF products in recent months.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 40% & 18.49%. The ICICI Prudential BHARAT 22 FOF Fund comes under the Other category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential BHARAT 22 FOF Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹321Cr |
| 1Y Returns | 42.1% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 29.05% & 20.27%. The ICICI Prudential Value Discovery Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Value Discovery Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹32,494Cr |
| 1Y Returns | 22.3% |
Fund Performance: The ICICI Prudential Retirement Fund comes under the Solution Oriented category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Retirement Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹367Cr |
| 1Y Returns | 24.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 28.05% & 19.14%. The ICICI Prudential Equity & Debt Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Equity & Debt Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹26,183Cr |
| 1Y Returns | 20.1% |
Fund Performance: The ICICI Prudential India Equity FOF Fund comes under the Other category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential India Equity FOF Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹79Cr |
| 1Y Returns | 21.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 27.59% & 18.77%. The ICICI Prudential Multi Asset Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Multi Asset Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹24,931Cr |
| 1Y Returns | 20.0% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.79% & 16.39%. The ICICI Prudential Bluechip Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Bluechip Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹41,269Cr |
| 1Y Returns | 16.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.09% & 14.07%. The ICICI Prudential Asset Allocator Fund comes under the Other category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Asset Allocator Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹20,222Cr |
| 1Y Returns | 16.1% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.31% & 10.41%. The ICICI Prudential Income Optimizer Fund comes under the Other category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Income Optimizer Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹278Cr |
| 1Y Returns | 13.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.79% & 8.89%. The ICICI Prudential Equity Savings Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Equity Savings Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,325Cr |
| 1Y Returns | 9.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.09% & 8.5%. The ICICI Prudential All Seasons Bond Fund comes under the Debt category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential All Seasons Bond Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹11,427Cr |
| 1Y Returns | 7.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.73% & 8.49%. The ICICI Prudential Gilt Fund comes under the Debt category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Gilt Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹4,379Cr |
| 1Y Returns | 8.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.63% & 7.48%. The ICICI Prudential Banking & PSU Debt Fund comes under the Debt category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Banking & PSU Debt Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹8,283Cr |
| 1Y Returns | 7.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.59% & 6.69%. The ICICI Prudential Ultra Short Term Fund comes under the Debt category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Ultra Short Term Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹12,413Cr |
| 1Y Returns | 7.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.58% & 7.59%. The ICICI Prudential Corporate Bond Fund comes under the Debt category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Corporate Bond Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹24,508Cr |
| 1Y Returns | 7.5% |
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