ICICI Prudential Mutual Fund is the third largest mutual fund house by asset size in India. The fund house manages assets worth (AUM) of Rs 3.58 lakh crore for the quarter ending March, 2020. The asset size of the fund house decreased by 2.90% from its December 2019 quarterly figure. The fund house has been around nearly for 27 years.
ICICI Prudential Mutual Fund is a joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of the UK’s largest players in the financial services sector. The fund house focuses on bridging the gap between savings & investments and creating long term wealth for investors through a range of simple and relevant investment solutions.
ICICI Prudential Mutual Fund offers approx. 220 schemes to investors. It offers 43 equity schemes, 126 debt schemes, 27 hybrid schemes and 24 ETFs, Gold & Fund of funds schemes. Some of the well-known equity schemes from its stable are ICICI Prudential Bluechip Fund, ICICI Prudential Multicap Fund, ICICI Prudential Midcap Fund etc. ICICI Prudential Mutual Fund also offers some good debt funds. Some of the prominent debt schemes are ICICI Prudential All Seasons Bond Fund, ICICI Prudential Debt Management Fund, ICICI Prudential Credit Risk Fund etc. ICICI Prudential Equity & Debt Fund, ICICI Prudential Balanced Advantage Fund and ICICI Prudential Regular Savings Fund are prominent names in hybrid schemes category. The percentage of schemes beating the benchmark across its various categories for 1-year time period collectively is approx. 72%.
ICICI Prudential Mutual Fund has a large team of good fund managers. The CEO of the fund house is Nimesh Shah and Sankaran Naren is its Chief Investment Officer (CIO). Rajat Chandak manages the flagship ICICI Prudential Bluechip Fund, ICICI Prudential Balanced Advantage Fund and ICICI Prudential Regular Savings Fund. Atul Patel manages ICICI Prudential Equity & Debt Fund and ICICI Prudential Multicap Fund. Manish Banthia manages ICICI Prudential All Seasons Bond Fund and Rohan Maru manages ICICI Prudential Corporate Bond Fund.
The fund house’s growth momentum has been exponential and is driven by an entirely investor centric approach. The AMC endeavours to simplify its investors’ journey to meet their financial goals, and give a good investor experience through innovation, consistency and sustained risk adjusted performance.
ICICI PRUDENTIAL MUTUAL FUND FAQS
- 1. Which ICICI Prudential Mutual Fund is best for SIP in equity category?There are various subcategories under the equity category itself. ICICI Prudential Mutual Fund offers a varied class of funds under its equity umbrella. The 3 best equity funds for SIP are actually the top rated ones which have consistently given superior returns in their respective defined categories.
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ICICI Prudential Infrastructure Direct-Growth – Scheme rating: 5 star – NAV: Rs. 125.01 – SIP Returns% (1/3/5 yr): 35.27%/ 42.68%/ 41.41% – Expense ratio: 1.52% – Asset Size: Rs. 2660.04 cr
ICICI Prudential BHARAT 22 FOF Direct – Growth – Scheme rating: 5 star – NAV: Rs. 20.26 – SIP Returns% (1/3/5 yr): 37.82%/ 41.55%/ 33.16% – Expense ratio: 0.08% – Asset Size: Rs. 163.08 cr
ICICI Prudential Smallcap Fund Direct Plan-Growth – Scheme rating: 4 star – NAV: Rs. 69.87 – SIP Returns% (1/3/5 yr): 34.93%/ 34.52%/ 43.16% – Expense ratio: 0.74% – Asset Size: Rs. 6047.32 cr - 2. Which are the top performing ICICI Prudential Mutual Fund?The 3 top performing funds for ICICI Prudential Mutual Fund based on the descending order of returns are:
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ICICI Prudential Commodities Fund Direct – Growth – NAV: Rs. 31.05 – Trailing Returns% (1/3/5 yr): 31.29% / 46.92% / 0.0% – Expense ratio: 1.06% – Asset Size: Rs. 994.13 cr
ICICI Prudential Smallcap Fund Direct Plan-Growth – NAV: Rs. 69.87 – Trailing Returns% (1/3/5 yr): 25.19% / 43.79% / 22.79% – Expense ratio: 0.74% – Asset Size: Rs. 6047.32 cr
ICICI Prudential Infrastructure Direct-Growth – NAV: Rs. 125.01 – Trailing Returns% (1/3/5 yr): 40.95% / 42.92% / 20.78% – Expense ratio: 1.52% – Asset Size: Rs. 2660.04 cr - 3. Which are the best ICICI Prudential Mutual Fund?The 3 best equity ICICI Prudential Mutual Fund are actually the top rated ones which have consistently given superior returns in their respective defined categories.
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ICICI Prudential Smallcap Fund Direct Plan-Growth – Scheme rating: 4 star – NAV: Rs. 69.87 – Trailing Returns% (1/3/5 yr): 25.19% / 43.79% / 22.79% – Expense ratio: 0.74% – Asset Size: Rs. 6047.32 cr
ICICI Prudential Infrastructure Direct-Growth – Scheme rating: 5 star – NAV: Rs. 125.01 – Trailing Returns% (1/3/5 yr): 40.95% / 42.92% / 20.78% – Expense ratio: 1.52% – Asset Size: Rs. 2660.04 cr
ICICI Prudential BHARAT 22 FOF Direct – Growth – Scheme rating: 5 star – NAV: Rs. 20.26 – Trailing Returns% (1/3/5 yr): 41.02% / 38.48% / 15.19% – Expense ratio: 0.08% – Asset Size: Rs. 163.08 cr - 4. Which are the top performing sectoral/thematic based funds in ICICI Prudential Mutual Fund?The 3 top performing sectoral/thematic based funds for ICICI Prudential Mutual Fund based on the descending order of returns are:
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ICICI Prudential Commodities Fund Direct – Growth – NAV: Rs. 31.05 – Trailing Returns% (1/3/5 yr): 31.29% / 46.92% / 0.0% – Expense ratio: 1.06% – Asset Size: Rs. 994.13 cr
ICICI Prudential Infrastructure Direct-Growth – NAV: Rs. 125.01 – Trailing Returns% (1/3/5 yr): 40.95% / 42.92% / 20.78% – Expense ratio: 1.52% – Asset Size: Rs. 2660.04 cr
ICICI Prudential India Opportunities Fund Direct – Growth – NAV: Rs. 24.65 – Trailing Returns% (1/3/5 yr): 31.33% / 38.29% / 0.0% – Expense ratio: 0.7% – Asset Size: Rs. 9698.2 cr - 5. Which ICICI Prudential Mutual Fund is best for SIP in debt category?ICICI Prudential Mutual Fund offers various subcategories under the debt category itself. Understanding a debt fund could be complex as there are several parameters that need to be looked at in conjunction with each other to determine the suitability of a debt fund in one’s portfolio. However, essentially, the best ways to select a debt fund for SIP are based upon:
i) Lending of upto 1 year
ICICI Prudential Money Market Direct-Growth – Scheme rating: 3 star – NAV: Rs. 332.01 – SIP Returns% (1 yr): 7.48% – Expense ratio: 0.21% – Asset Size: Rs. 13593.15 cr
ICICI Prudential Ultra Short Term Fund Direct-Growth – Scheme rating: 5 star – NAV: Rs. 25.89 – SIP Returns% (1 yr): 7.42% – Expense ratio: 0.39% – Asset Size: Rs. 12657.42 cr
ICICI Prudential Overnight Fund Direct – Growth – Scheme rating: 3 star – NAV: Rs. 1232.43 – SIP Returns% (1 yr): 6.3% – Expense ratio: 0.1% – Asset Size: Rs. 10130.55 cr
ii) Fund’s sensitivity to interest-rate movements
ICICI Prudential Medium Term Bond Fund Direct Plan-Growth – Scheme rating: 4 star – NAV: Rs. 41.8 – SIP Returns% (1/3/5 yr): 8.15% / 6.85% / 8.15% – Expense ratio: 0.74% – Asset Size: Rs. 6553.88 cr
ICICI Prudential Short Term Fund Direct Plan-Growth – Scheme rating: 4 star – NAV: Rs. 55.88 – SIP Returns% (1/3/5 yr): 8.32% / 6.8% / 7.98% – Expense ratio: 0.4% – Asset Size: Rs. 17968.36 cr
ICICI Prudential Debt Management Fund (FOF) Direct Plan – Growth – Scheme rating: 4 star – NAV: Rs. 40.0 – SIP Returns% (1/3/5 yr): 7.89% / 6.12% / 7.06% – Expense ratio: 0.41% – Asset Size: Rs. 147.12 cr
iii) Credit Quality of a fund’s portfolio
ICICI Prudential Gilt Fund Direct Plan-Growth – Scheme rating: 5 star – NAV: Rs. 93.81 – SIP Returns% (1/3/5 yr): 9.24% / 6.79% / 8.12% – Expense ratio: 0.56% – Asset Size: Rs. 3585.32 cr
ICICI Prudential Banking & PSU Debt Direct-Growth – Scheme rating: 5 star – NAV: Rs. 29.25 – SIP Returns% (1/3/5 yr): 7.97% / 6.36% / 7.36% – Expense ratio: 0.39% – Asset Size: Rs. 8126.89 cr
ICICI Prudential Corporate Bond Fund Direct Plan -Growth – Scheme rating: 5 star – NAV: Rs. 26.75 – SIP Returns% (1/3/5 yr): 8.12% / 6.36% / 7.45% – Expense ratio: 0.32% – Asset Size: Rs. 21926.35 cr - 6. What are the NAVs of top schemes of ICICI Prudential Mutual Fund?The NAVs of the top 3 schemes for ICICI Prudential Mutual Fund:
i) Based on the descending order of returns:
ICICI Prudential Commodities Fund Direct – Growth – NAV: Rs. 31.05 – Trailing Returns% (3 yr): 46.92%
ICICI Prudential Smallcap Fund Direct Plan-Growth – NAV: Rs. 69.87 – Trailing Returns% (3 yr): 43.79%
ICICI Prudential Infrastructure Direct-Growth – NAV: Rs. 125.01 – Trailing Returns% (3 yr): 42.92%
ii) Based on the descending order of asset size:
ICICI Prudential Balanced Advantage Direct-Growth – NAV: Rs. 62.18 – Asset Size: Rs. 47661.75 cr
ICICI Prudential Liquid Fund Direct Plan-Growth – NAV: Rs. 340.23 – Asset Size: Rs. 43873.46 cr
ICICI Prudential Bluechip Fund Direct-Growth – NAV: Rs. 83.72 – Asset Size: Rs. 38734.11 cr - 7. What are the fees or charges of a ICICI Prudential Mutual Fund?The fees or charges of a ICICI Prudential Mutual Fund differ from fund to fund. Typically, such fees are expressed as a percentage of your overall investment which is usually called the expense ratio. Lower this ratio, the better it will be for an investor. The expense ratio of a ICICI Prudential Mutual Fund is higher for an actively managed fund vis-a-vis an index tracking passively managed fund. An investor should also be wary of the plan option of a ICICI Prudential Mutual Fund and invest in the Direct plan of a fund as a Regular plan has higher expense ratio due to the commission paid out to brokers/distributors.
Top 3 passive funds with the lowest expense ratio are:
ICICI Prudential S&P BSE Sensex Exchange Traded Fund – NAV: Rs. 749.79 – Expense ratio: 0.03% – Asset Size: Rs. 454.24 cr
ICICI Prudential Nifty 50 ETF-IDCW – NAV: Rs. 218.54 – Expense ratio: 0.03% – Asset Size: Rs. 5478.33 cr
BHARAT 22 ETF – Growth – NAV: Rs. 69.03 – Expense ratio: 0.05% – Asset Size: Rs. 11621.76 cr
Top 3 active equity funds with the lowest expense ratio are:
ICICI Prudential S&P BSE Sensex Exchange Traded Fund – NAV: Rs. 749.79 – Expense ratio: 0.03% – Asset Size: Rs. 454.24 cr
BHARAT 22 ETF – Growth – NAV: Rs. 69.03 – Expense ratio: 0.05% – Asset Size: Rs. 11621.76 cr
ICICI Prudential BHARAT 22 FOF Direct – Growth – NAV: Rs. 20.26 – Expense ratio: 0.08% – Asset Size: Rs. 163.08 cr
Top 3 active debt funds with the lowest expense ratio are:
ICICI Prudential Overnight Fund Direct – Growth – NAV: Rs. 1232.43 – Expense ratio: 0.1% – Asset Size: Rs. 10130.55 cr
ICICI Prudential Nifty 10 yr Benchmark G-Sec ETF – Growth – NAV: Rs. 217.22 – Expense ratio: 0.14% – Asset Size: Rs. 445.43 cr
ICICI Prudential Overnight Fund – Growth – NAV: Rs. 1226.86 – Expense ratio: 0.19% – Asset Size: Rs. 10130.55 cr - 8. What are the contact details of ICICI Prudential Mutual Fund?The contact details of ICICI Prudential Mutual Fund are as follows: