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ICICI Prudential Mutual Fund is the second-largest Fund House in India. It offers a very wide range of products. It provides Best Investment Options across various asset classes – Equity, Debt, Hybrid, Solution Oriented and Others. To suit the investors with different economic needs and goals. The large variety of Mutual Funds gives people a chance to build good mutual fund portfolios to best suit their needs.
Best 5 ICICI Mutual Funds
| Fund Name | Category | Risk Factor | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | |
|---|---|---|---|---|---|---|---|
| Hybrid (Aggressive) | Moderate-High | 7.6% | 13.25% | 12.22% | 1.76% | ||
| Liquid (Debt) | Low | 7.52% | 7.1% | 7.65% | 0.22% | ||
| Index (Others) | Moderate-High | -6.07% | 11.79% | 10.79% | 0.85% | ||
| Sectoral/Thematic Equity | High | 7.51% | 11.39% | 13.39% | 2.73% | ||
| Large Cap Equity | Moderate-High | 6.77% | 13.45% | 11.35% | 1.85% |
About ICICI Prudential Mutual Funds
The ICICI Prudential Asset Management Company is a Joint Venture between ICICI Bank and Prudential PLC. ICICI Bank is a well-known and trust-worthy name in the field of Financial Services in India. And Prudential is one of the UK’s topmost name in the financial sector.
The ICICI Prudential AMC manages important Assets Under Management (AUM) in the Mutual Funds sector in India. With an average AUM of Rs. 3,05,739 Crore, it ranks 2nd on the table of Largest AMCs in India.
The AMC started in 1998, with 6 employees posted at 2 locations. Whereas, the number of employees currently in service is around 2,000. The services have reached every part of the country, with 200 offices. Over 3 million investors have entrusted their money with it. The primary focus of the company has been easy access to investors. Due to which, it has seen exceptional growth.
The AMC also provides Portfolio Management Services to its clients. Furthermore, it issues frequent International Advisory Mandates for safe investments across International Markets. Be it Debt, Equity or Real Estate, whatever the asset class.
What makes ICICI Prudential a good choice?
A few main reasons why the investors choose ICICI Prudential Mutual Funds are:
- It is one of the leading AMCs in India.
- They plan their schemes to fulfill the investment needs of their clients. The company has vast investment expertise, with over 20-years in existence. It is the forebearer of innovation in this field.
- The AMC endeavors to simplify the process of investing for its customers. With easier process and accessibility, the investment experience is improved.
- By providing Best Investment Plans with High returns, it is viewed as a reliable AMC.
ICICI Prudential Equity & Debt Fund
This is the Best ICICI Mutual Fund Plan in this Hybrid Category. In Hybrid or Balanced Mutual Funds, the Corpus is invested into both Debts as well as Equity.
You can say that these diversified funds create a perfect balance of portfolios. So the risk and returns are equalized. These Mutual Funds are quite popular these days.
This Mutual Fund was launched in November 1999. It is an Equity Oriented Mutual Funds. The Fund comes with Moderate Risk. This Hybrid Plan has given a return of 15.71% since its inception.
Details:
| NAV | Rs. 132.20 |
|---|---|
| AUM (Fund Size) | 27,342 Cr |
| Minimum SIP | Rs. 1,000 |
| Minimum SWP | Rs. 500 |
| Performance | Has consistently outperformed its benchmark CRISIL Hybrid 50+50 Moderate Index since launch. |
| Expense Ratio | 1.76% |
| Exit Load | 1% if redeemed within 1-year |
| Type | Open-Ended |
Investment Objectives:
The objective of the Fund is to generate and create wealth during long-term investment. The portfolio is invested in equity and equity-related securities as well as fixed-income securities.
The Fund manager has been given the authority of changing the ratio of Equity & Debt Holdings. He can invest flexibly as per the market conditions. For example, in a slow market, a significant portion will get invested in Debt rather than Equity. And vice-versa.
Allocation of Equity:
ICICI Prudential Liquid Fund
Debt Funds are Low-Risk and High Liquidity Mutual Funds. Most of the Corpus is invested into Fixed Income Instruments. These may be Corporate Bonds, Government Bonds (whether State or Central), Bonds issued by Banks, Certificates of Deposit, Treasury Bills, etc.
The inception of this Plan is November 2005. The Corpus is invested in Debt and Money Market Securities with a maturity of up to 91 days only. It is considered amongst the best Debt Funds in India.
Details:
| NAV | Rs. 267 |
|---|---|
| AUM (Fund Size) | 47,395 Cr |
| Minimum SIP Investment | Rs. 500 |
| Minimum SWP | N.A. |
| Performance | Has consistently outperformed its benchmark CRISIL Liquid since its inception. |
| Expense Ratio | 0.22% |
| Exit Load | NIL |
| Type | Open-Ended |
Investment Objectives:
The objective of the Scheme is to generate Returns as appropriate to Low-Risk Investments. The level of Liquidity is kept high.
Around 80% of the Corpus is invested in Money Market Securities. And the balance is kept in High-Quality Debt Instruments.
Allocation:
ICICI Prudential Nifty Next 50 Index Fund
Index Category Funds invest in Index. This means that stocks are purchased in proportion to the Index they are following. Only a marginal Tracking error is allowed. Except for this error, the Scheme performs parallelly to the Index.
This ICICI Prudential Index Equity Oriented Mutual Fund got launched in January 2013. This is a High-Risk Fund. That is how it has given a Return 17.79% since its launch.
Details:
| NAV | Rs. 23.4 |
|---|---|
| AUM (Fund Size) | 47,395 Cr |
| Minimum SIP Investment | Rs. 1,000 |
| Minimum SWP | Rs. 500 |
| Performance | Has consistently performed better than its benchmark NIFTY Next 50 TRI since the launch. |
| Expense Ratio | 0.85% |
| Exit Load | If redeemed within a week (7-days) then 0.25% |
| Type | Open-Ended |
Investment Objectives:
The Fund Scheme seeks to invest in companies whose securities are included in the Nifty Junior Index. The Tracking Index. Its objective is to achieve Returns, as close as possible to the above Index.
This Mutual Fund does not endeavors to outperform the CNX Nifty Junior.
Allocation:
ICICI Prudential Technology
A Sectoral or Thematic Fund is among that types of Mutual Funds where the Portfolio is invested into the Stocks of companies belonging to one particular industry or sector. The ideal duration period for such Mutual Funds depends on the Industry the corpus gets invested in.
In the current market, as well as the future one, immense growth is expected in Technology. And this is one of the best funds in the Technology Sector. It has given a huge Return of 21% since its launch.
Details:
| NAV | Rs. 59 |
|---|---|
| AUM (Fund Size) | 495 Cr |
| Minimum SIP | Rs. 1,000 |
| Minimum SWP | Rs. 500 |
| Performance | Has performed better than its benchmark S&P BSE IT TRI since its launch, consistently. |
| Expense Ratio | 2.73% |
| Exit Load | If redeemed within the First-year then Exit Load is 1%. |
| Type | Open-Ended |
Investment Objective:
The objective of such Funds is wealth creation, considering a long-term investment. The Portfolio is invested in equity and equity-related securities of technology and technology-dependent companies.
The Returns of a Sectoral Fund are directly associated with that particular industry or sector of the economy. Also, the Risks are quite similar.
Therefore, it is very hard to determine the best one amongst allthe Sectoral Funds. Obviously, because we are to consider many industries. Performance and behavior in each sector are different.
Allocation:
ICICI Prudential Focused Bluechip Equity
This is the best ICICI Mutual Fund in the Equity Category. This Large Cap Equity Oriented Mutual Fund was launched in May 2008. This Fund carries a Moderate to High Risk. It has given a Return of 14.36% since its launch.
Ideally, you should keep your holding in such funds for at least 4-5 years.
Details:
| NAV | Rs. 40.7 |
|---|---|
| AUM (Fund Size) | 16,539 Cr |
| Minimum SIP Plan | Rs. 1,000 |
| Minimum SWP | Rs. 500 |
| Performance | Has performed better than its benchmark NIFTY 50 Total Return, since its launch, consistently. |
| Expense Ratio | 1.85% |
| Exit Load | If redeemed within the First-year then Exit Load is 1%. |
| Type | Open-Ended |
Investment Objective:
The objective is to let the customers create capital and fulfill their long-term goals. It seeks to generate capital appreciation by keeping invested for the long-term. The Portfolio is invested in Equity and Equity Related Securities of about 20 companies belonging to the Large Cap sector.
The Fund Manager chooses to invest in stocks from the Top 200 stocks, listed on the NSE (National Stock Exchange) or BSE-Sensex (Bombay Stock Exchange). He also has the authority to increase the number of companies to more than 20. If the Total AUM crosses 1,000 crores.
Allocation:
Final Points
The Indian Economy and the Financial Market have been seeing a low for a few years now. And, although some sectors are seeing a revival. Still, a few industries have been hit so hard, that a bright horizon seems far off.
During the past financial low, only very few Mutual Funds AMC were able to retain and grow their business. ICICI Prudential has been one of the Top Performers amongst them.
This has been made possible because of its progressive and proactive products. These innovative Mutual Fund products were introduced to meet the customer’s requirements. Therefore the investors were assured and trusted the AMC.
Whatever your Financial Ability, whatever your Financial Goals, whatever your preferred duration of investment, ICICI Prudential has a Mutual Fund Plan for you. But to reap in the maximum benefits of Mutual Funds, you must start NOW. And stay invested for a longer duration.
And WealthBucket has made the process simple, quick and easy. Just log on to the website, get registered and select the fund of your choice. Pay online.
Our vast range includes Equity Mutual Funds, Debt Mutual Funds, Liquid Mutual Funds, or Income Funds, to name a few.
Call Now at +91 9999379929. Or email your queries at contact@wealthbucket.in.
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