ICICI Prudential Mutual Fund offers various retail and corporate investment solutions across asset classes: Equity, Debt, Index, Hybrid, Funds of Funds, and Others. The Fund House strives to consistently provide investors with financial assistance to help them achieve their lifecycle objectives.
ICICI AMC has launched various products aligned with customer needs, leading to a well-diversified portfolio of around 135+ mutual fund schemes across equity, debt, index, hybrid, funds of funds, etc. As of September 30, 2024, the investor base for the AMC stood at 11.9 million+ investors.
Key Information About ICICI Prudential Mutual Fund
How to Invest in the ICICI Prudential Mutual Fund
Investing in the best ICICI Prudential Mutual Fund can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred ICICI Prudential Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the app guidelines to ensure a seamless process.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set up a periodic systematic investment plan (SIP). You can also make a lump-sum investment if you have a large amount to invest. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, relax and let your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best ICICI Prudential Mutual Funds in India
Here is the list of some of the best ICICI Prudential Mutual Funds in India:
Detailed Overview of ICICI Prudential Mutual Fund Schemes
Now, let’s discuss these 10 ICICI Prudential Mutual Fund schemes in detail:
1. ICICI Prudential Business Cycle Fund-Direct-Growth Plan
ICICI Prudential Business Cycle Fund is an open-ended equity scheme following a business cycles-based investing theme. It is suitable for long-term wealth creation.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.43% and 6.69%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹ 17,259.2.
- Minimum Investment Amount: The minimum lump sum for the ICICI Prudential Business Cycle Fund is ₹5000, and for SIP, it is ₹100.
2. ICICI Prudential Credit Risk Fund-Direct-Growth Plan
ICICI Prudential Credit Risk Fund is an open-ended debt scheme that predominantly invests in AA and below-rated corporate bonds. It is suitable for accrual income and medium-term savings.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.9% and 7.33%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹ 12,207.41.
- Minimum Investment Amount: The minimum lump sum for the ICICI Prudential Credit Risk Fund is ₹100, and for SIP, it is ₹100.
3. ICICI Prudential Equity & Debt Fund-Direct-Growth Plan
ICICI Prudential Equity & Debt Fund is an open-ended hybrid scheme investing predominantly in equity and equity-related instruments. It is suitable for wealth creation.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 18.82% and 20.95%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹ 13,877.41.
- Minimum Investment Amount: The minimum lump sum for the ICICI Prudential Equity & Debt Fund is ₹5000, and for SIP, it is ₹100.
4. ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund-Direct-Growth Plan
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund is an open-ended equity scheme that follows the Pharma, Healthcare, Diagnostic, and Allied Themes. It is suitable for tactical solutions and wealth creation.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 24.17% and 31.12%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹ 19,257.53.
- Minimum Investment Amount: The minimum lump sum for the ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund is ₹5000, and for SIP, it is ₹100.
5. ICICI Prudential Long-Term Bond Fund-Direct-Growth Plan
ICICI Prudential Long Term Bond Fund is an open-ended debt scheme investing in securities such that the portfolio‘s Macaulay duration is greater than 7 Years. It is suitable for long-term wealth creation.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6% and 5.83%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹ 12,090.22.
- Minimum Investment Amount: The minimum lump sum for the ICICI Prudential Long-Term Bond Fund is ₹5000, and for SIP, it is ₹1000.
6. ICICI Prudential Multi-Asset Fund-Direct-Growth Plan
ICICI Prudential Multi-Asset Fund is an open-ended scheme that invests in equity, debt, and exchange-traded commodity derivatives. It is suitable for asset allocation.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 18.97% and 20.04%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹ 16,740.08.
- Minimum Investment Amount: The minimum lump sum for the ICICI Prudential Long-Term Bond Fund is ₹5000, and for SIP, it is ₹100.
7. ICICI Prudential India Opportunities Fund-Direct-Growth Plan
ICICI Prudential India Opportunities Fund is an open-ended equity scheme. It aims to generate long-term wealth growth by investing in opportunities presented by special situations, such as corporate restructuring or government policy.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 25.49% and 25.9%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹ 11,783.55.
- Minimum Investment Amount: The minimum lump sum for the ICICI Prudential India Opportunities Fund is ₹5000, and for SIP, it is ₹100.
8. ICICI Prudential Floating Interest Fund-Direct-Growth Plan
ICICI Prudential Floating Interest Fund is an open-ended debt scheme that predominantly invests in floating-rate instruments (including fixed-rate instruments converted to floating-rate exposures using swaps/derivatives). It is suitable for short-term saving.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.65% and 6.62%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹ ₹ 12,200.05.
- Minimum Investment Amount: The minimum lump sum for the ICICI Prudential Floating Interest Fund is ₹500, and for SIP, it is ₹100.
9. ICICI Prudential Regular Savings Fund-Direct-Growth Plan
ICICI Prudential Regular Savings Fund is an open-ended hybrid scheme investing predominantly in debt instruments. It is suitable for regular income.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 9.24% and 9.71%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹ 13,008.15.
- Minimum Investment Amount: The minimum lump sum for the ICICI Prudential Regular Savings Fund is ₹5000, and for SIP, it is ₹100.
10. ICICI Prudential Dividend Yield Equity Fund-Direct-Growth Plan
The ICICI Prudential Dividend Yield Equity Fund is an open-ended equity scheme that predominantly invests in dividend-yielding stocks. It is suitable for creating long-term wealth.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 22.4% and 25.2%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹ 15,996.36.
- Minimum Investment Amount: The minimum lump sum for the ICICI Prudential Dividend Yield Equity Fund is ₹5000, and for SIP, it is ₹100.
Top Fund Managers
Below is the list of people who have made ICICI Mutual Fund Investment a standout choice in a highly competitive market.
1. Mr. Anish Tawakley
Anish Tawakley joined the ICICI Prudential AMC in April 2016 and is currently the co-chief equity investment officer. He is also the fund manager, managing an AUM of around Rs 70,000 crores for the ICICI Prudential Focused Equity Fund, ICICI Prudential Business Cycle Fund, ICICI Prudential Bluechip Fund, ICICI Prudential Small Cap Fund, ICICI Prudential Manufacturing Fund, and ICICI Prudential Innovation Fund. He has over 20 years of work experience and has gathered expertise in strategic consulting and capital markets.
2. Mr. Sankaran Naren
Sankaran Naren is the Executive Director and CIO at ICICI Prudential AMC, where he manages assets of nearly Rs 7.62 lakh crores (as of 30 April 2024) across several mutual fund schemes. Over the past twenty years, Naren has played a significant role in shaping the company's investment strategies in Fixed Income, Equity, and International Advisory Business.
3. Mr. Rahul Rai
Rahul joined ICICI Prudential AMC in November 2010. He anchors the Real Estate Business and drives team synergies. Rahul has around 28 years of work experience. His expertise and core competency lie in understanding the real estate segment and evaluating and investing in real estate projects.
4. Mr.Manish Banthia
Manish is currently the Chief Investment Officer of Fixed Income; he handles the entire overseas management of debt funds. He joined ICICI Prudential AMC in October 2005. He has around 20 years of rich fund management experience in the asset management industry, recently as Deputy CIO of Fixed Income at ICICI Prudential AMC.
5. Mr. Anand Shah
Anand Shah is the Chief Investment Officer of Equity - PMS and AIF Investments at ICICI Prudential AMC. Although he joined the company recently in February 2021, under his leadership, ICICI Prudential PMS & AIF division has delivered strong investment performance across several strategies throughout various stages.
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