ICICI Prudential Mutual Fund - Top 10 ICICI Pru MF, Risk, Returns & Benefits

ICICI Prudential Mutual Fund is the one of the largest and leading AMCs in India. In terms of AuM, it is the 2nd largest mutual fund company in India. The company was founded in 1993 as ICICI Prudential Asset Management Company Limited. Later in 1998, Prudential Plc joined ICICI as a joint venture. Prudential Plc is one of the largest companies in the UK, in the finance sector. While ICICI holds 51% stake in the JV, Prudential Plc owns 49% of it. The fund house draws upon the rich financial experience of its sponsors and parent company. It has used an impressive blend of resource bandwidth, investment expertise, and process orientation to become one of the largest and leading AMCs across the nation. It offers a broad range of schemes across Debt, Equity, and Hybrid categories along with ETFs (Exchange Traded Funds) and solution-oriented mutual fund schemes. The fund house aims to provide a good investment experience to its investors that would enrich and simplify their wealth creation journey.

ICICI Prudential Mutual Fund offers Portfolio Management Services. The company has its reach across 350 locations and over 9.9 million investors (as of March 2024). In addition, the company’s AuM stands at Rs. 3.14 lakh crore (as of June 2024).

Details of ICICI Prudential Fund

TOP 10 ICICI Prudential Mutual Funds

ICICI Prudential Bluechip Fund - Growth

ICICI Prudential Bluechip Fund - Growth is a large cap fund that focuses on investing in large cap companies which have strong fundamentals. The fund aims to provide long-term capital appreciation by investing in a diversified portfolio of large cap stocks. It has delivered 18.21% returns in three-year. It is suitable for investors who are looking for stability along with growth potential.

ICICI Prudential Balanced Advantage Fund - Growth

ICICI Prudential Balanced Advantage Fund - Growth is dynamic asset allocation fund. It aims to balance risk by investing in both equity and debt so that it can provide stability with good returns against market conditions. The fund managers of the fund aim to provide capital appreciation and income generation. It has given a decent return of 12.79% in three-year. It is best suitable for investors who are looking to invest in funds with moderate risk.

ICICI Prudential Liquid Fund - Growth 

As the name suggests, ICICI Prudential Liquid Fund - Growth is a liquid fund that focuses on short-term debt instruments to provide high liquidity. It is low risk funds and suitable for investors who are looking to invest in safe funds and don't want to take the risk of market volatility. The fund aims to provide investors with capital preservation with moderate returns. It has given 6.07% return in the past three-year, which is still better than a savings account.

ICICI Prudential Value Discovery Fund - Growth

ICICI Prudential Value Discovery Fund - Growth is a fund that follows a value investing strategy. The fund manager invests in stocks that are undervalued by the market but have strong growth potential. The aim of fund managers is to provide significant long-term capital growth. The fund has provided 22.97% return in the last three-year. It is suitable for investors who want to take high-risk

ICICI Prudential Multi-Asset Fund - Growth

ICICI Prudential Multi-Asset Fund - Growth is a multi-asset allocation fund that invests in various asset classes, like equity, debt, and commodities, to balance the risk and earn more returns. The fund manager focuses on taking advantage of different market conditions. The fund has given 20.19% return in three-year. It is suitable for investors who are looking for a balanced approach to growth and risk management.

ICICI Prudential Equity & Debt Fund - Growth

ICICI Prudential Equity & Debt Fund - Growth is an aggressive hybrid fund that invests in both equity and debt instruments to provide investors with capital appreciation and income. The fund has given 20.27% return in the past three-year. It is suitable for investors who want to participate in equity markets while having some debt exposure to balance their risk.

ICICI Prudential Money Market Fund - Growth

ICICI Prudential Money Market Fund - Growth is the money market fund that invests in short-term, high-quality debt instruments. It aims to provide investors with reasonable returns with low risk. The fund has given 6.31% return in the past three-year. It is best suitable for investors who are looking for liquidity and capital preservation, while having a decent returns than traditional savings accounts.

ICICI Prudential Flexicap Fund - Regular Plan - Growth

ICICI Prudential Flexicap Fund - Regular Plan - Growth is a flexi cap fund that invests in different market capitalizations. It provides fund managers with the flexibility to invest in a wide range of stocks, without any restrictions. The stocks are picked based on market trends. The fund aims for capital appreciation by dynamically adjusting the portfolio. This fund has provided 20.06% return in three-year and is suitable for investors who are looking for growth potential across different market segments.

ICICI Prudential Large & Mid Cap Fund - Growth

ICICI Prudential Large & Mid Cap Fund - Growth is the fund that focuses on investing in large-cap and mid-cap stocks. The aim of the funds is to provide capital appreciation while taking moderate risk. The fund manager focuses on both stability and growth. It has given 21.68% return in three-year. The fund is suitable for investors who are looking for a fund with a balanced approach.

ICICI Prudential Ultra Short Term Fund - Growth

ICICI Prudential Ultra Short Term Fund - Growth is the fund that invests in debt instruments with a short maturity period. The aim of the fund is to provide better returns than traditional savings options while focusing on liquidity. The fund has given 6.03% return in three-year. It is suitable for conservative investors who are looking for low-risk options to park their funds for short durations.

Benefits of Investing in ICICI Prudential Mutual Fund

The ICICI Prudential mutual fund offers a range of investment benefits. Here are some of those investment benefits:

• Freedom SIP: Along with your SIP, you can set up a SWP (Systematic Withdrawal Plan) with which you can always be assured of withdrawing your funds in an emergency.
• Flexibility: You can start your investment journey from as little as Rs. 100. Plus, the upper limit also depends on how much you can invest.
• Diversification: You don’t have to limit yourself with only one investment scheme. Have the freedom and diversify your investment portfolio.

Why Choose ICICI Prudential Mutual Fund?

ICICI Prudential Mutual Fund is one of India's largest mutual fund houses. In addition, you get a wide range of investment options such as equity, debt, or hybrid. Another benefit of choosing the ICICI mutual fund is that it allows you to diversify, and you can choose an investment option that fits into your financial objectives.

Additionally, most of ICICI Prudential Fund’s investment schemes are eligible for a CRISIL rating of AAA. You can also liquify your investments, stay flexible with your investments, and start with a low investment. Hence, making the fund house a great choice.

How to Invest in ICICI Prudential Mutual Fund with ZFunds ?

There are very simple and easy steps to start investing in ICICI Prudential Mutual Fund which is one of the leading mutual fund houses in India. Follow the below-mentioned steps to start investing:

• Download the ZFunds app from the Playstore- Link here.
• Create your free account with ZFunds. If you already have an account with ZFunds, you can simply log in to it.
• To create an account, you will be required to upload your identification documents which can include an Aadhar card, pan card, Voter ID card, driving license, passport, or any other reliable document which is issued by the state or central government.
• You will also be required to upload your address proof.
• After that, you just need to select the best fund which suits you as per your investment horizon and risk.
• And, then at last you just need to choose whether you want to do a lump sum investment or start a sip.

After the successful investment, the units will be allotted and investment will be reflected in 2-3 working days in your ZFunds account.

Documents Required to Invest in ICICI Prudential Mutual Fund

The documents required to invest in the ICICI Prudential mutual fund include proof of address and proof of identity. Here is a list of officially valid documents:

Proof of Identity

• PAN Card (Mandatory)
• Voter ID Card
• Driving License
• Passport
• Aadhar Card

Proof of Address

• Voter ID Card
• Driving License
• Passport
• Ration Card
• Aadhar Card
• Bank account statement or bank passbook
• Utility bills such as electricity or gas bills

5 Best Fund Manager of ICICI Prudential Mutual Fund 

Mr. Kayzad Eghlim

He is a senior expert in ETF products who is also the Vice President of Investments and a senior Portfolio manager. Mr. Eghlim has had a history of being a senior executive in numerous top-notch companies. Currently he is handling 3 schemes with the AUM of 1,799.64 Cr. The ICICI Prudential Mutual Fund has seen a great growth in the number of ETF products since he's been on board. 

Mr. Rahul Rai

He has over 24 years of corporate experience in the securities and investments sector. Currently, he is the Executive Vice President while heading the Real Estate Business at the ICICI Mutual Fund. He is also a trained CA and is a specialist in Cost accountancy. 

Mr. Rahul is also a former senior executive of Ernst and Young. He is an expert in taxation, real estate investments and emerging markets and thus, bringing in the best returns. 

Sankaran Naren:

Alumni of the Indian Institute of Management, Calcutta, Naren is accountable for the overall operations and functioning of the investment vertical of ICICI Prudential AMC. He formulates various investment strategies for equity mutual funds in order to help investors gain high returns in the long term. He has more than two and a half-decade of professional experience in the financial services industry. Currently, he handles 25 schemes with an AUM of ₹647,384.66 crore. 

Mr. Ajay Solanki

He has an impressive background with a B.Com, CA, and CFA Level III. Before joining ICICI Prudential Mutual Fund, he gained experience at GPS & Associates. Currently, he serves as the Assistant Vice President of Equity Dealing, managing 16 schemes with an AUM of ₹33,267 crore. He has over nine years of experience at ICICI Prudential, showcasing his expertise in equity markets and fund management.

Nishit Patel 

He is a B.Com graduate and a Chartered Accountant. Before joining ICICI Prudential Mutual Fund in November 2018, he worked at K.K. Dand & Co. Currently, he handles 42 schemes with an AUM of ₹23,234 crore. Nishit has also gained experience in the ETF business at ICICI Prudential Asset Management Company Limited, accumulating over seven years of experience within the organization.

ICICI Prudential Mutual Fund Customer Care Details

If you have any questions related to your ICICI Prudential mutual fund investment, you can contact the customer care services via:

Registered Address

One BKC, A Wing, 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Contact Number

1800 200 6666

Email

enquiry@icicipruamc.com

Managing Risk with ICICI Prudential Mutual Fund

The best way to manage risk with ICICI Prudential or any other mutual fund is to identify your risk appetite and investment tenure preference and then researching schemes. Not only will you eliminate the high-risk schemes already but also, make better investment choices. You can also take advice on ICICI Prudential Mutual Fund investment strategies online.

Let’s take an ICICI Prudential Mutual Fund risk assessment. Here are 2 ways to eliminate risks while investing in ICICI Mutual Fund:

• Diversification: The more you diversify your investment portfolio, the better your chances will be of eliminating any significant money loss. In simple words, don’t invest all your money in one plan. Instead, invest it in different plans strategically.
• Starting an SIP: An SIP (Systematic Investment Plan) will allow you for flexibility with your investments and the best part is, you can discontinue an SIP if you wish to do so.

FAQs

1. Are ICICI Prudential Mutual Fund’s schemes safe to invest in?

No fund house guarantees the safety of your capital in market-linked investment options such as mutual funds. In addition, SEBI strictly regulates all mutual fund investments in order to ensure and check the right practices. However, you can check all mutual fund schemes and invest according to your investment objectives.

2. Which ICICI Prudential Mutual Fund’s scheme is the best for short-term?

Debt funds are the best choice for short-term investments. However, the type of fund may depend on the investment tenure. For instance, overnight funds are suitable for a few days. Liquid funds are suitable for a tenure of up to 3 months. Low duration are suitable for a span of 6-12 months. Lastly, short duration funds work the best for a tenure of 1-3 years.

3. Are ICICI Prudential Mutual Fund’s schemes tax-free?

Every mutual fund is liable to pay capital gains tax. You can check the table below to know how taxation in mutual fund schemes works, depending on the fund type and investment tenure:

4. How can I cancel an ongoing SIP?

Follow the steps below to cancel an ongoing SIP:

1. Visit the official website of ICICI Prudential Mutual Fund and login.
2. Now, click on the ‘Make a Transaction’ button on the Homepage.
3. Next, select your Folio number, and click on the ‘Cancel ISIP’ button on the top bar.
4. Lastly, click on the ‘Cancel SIP’ button next to the selected Mutual Fund.

5. How can I get the ICICI Prudential Mutual Fund statement?

You can request for the ICICI Prudential Mutual Fund statement via the official website. All you have to do is log into the ICICI Prudential Mutual Fund’s website and request a statement. Otherwise, you can visit CAMS Online or Kfintech and request a statement via email.

6. How can I increase the SIP amount of the ICICI Mutual Fund’s scheme?

There are two ways to increase the amount of your SIP investment.

First is to choose the ‘top-up SIP’ option when starting the investment. This way, your SIP investment amount will automatically increase by a predefined percentage at regular intervals.

The other option is to start a new SIP in the same fund with an increased investment amount.

7. Which Mutual Fund of ICICI is best?

There are various mutual funds that are best in ICICI. We have listed down some best icici mutual funds, so that you can opt for according to your own risk and financial goal.

8. Is ICICI sip good?

Yes, investing in sip is best for ICICI mutual funds as it averages your nav so that you can get the benefit of averaging.