Best ICICI Prudential Mutual Fund Schemes

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About ICICI Prudential Mutual Fund

ICICI Prudential AMC was set up as a partnership by ICICI Bank and Prudential PLC in 1993 – the Prudential Corporation Holdings Ltd. being a famous UK-based global insurance company. The ICICI Pru AMC remains one of the most prestigious and profitable mutual funds in the market even today.

The ICICI Pru Mutual Fund has played a significant role in setting up the CRISIL rating system for Asset Management Companies.

As of February 28, 2023, the AMC had an AUM of ₹5,18,767 crore. The ICICI Pru AMC is one of the top two asset management companies in India (the largest being SBI Mutual Funds) – most of their offerings are rated ‘AAAmfs’, which indicates robust fund health. The total number of schemes under the group is 116, of which 30 are equity-based, 16 are debt-based, 6 are hybrid and 59 other thematic and solution oriented schemes. Overall, it has 116 schemes.

Primarily aimed at retail investors, it also has various types of funds geared towards serving the customised needs of HNIs (i.e. high net-worth individuals) and domestic institutional investors, including real-estate-based investments.

ICICI Prudential Mutual Fund Key Information

The following is some of the key information regarding the ICICI asset management company –

Founding date Oct 23rd 1993
AMC Incorporation date June 22, 1993
Headquarters in Mumbai
Name of the sponsors ICICI Bank and Prudential PLC
Trustee organisation ICICI Prudential Trust Ltd.
MD and CEO Mr. Nimesh Shah
Chief Investment Officer Mr. S Naren
Compliance Officer Ms Supriya Sapre

How to Invest in ICICI Prudential Mutual Fund via Angel One?

Investing in the ICICI Prudential Mutual Fund is a hassle-free process when done through your Angel One account. You just have to follow these steps:

Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.

Note: In case you do not have an account with Angel One, you can open a Demat account with us in under a few minutes by submitting the necessary documents.

Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to do at this stage are:

  1. Search for the fund you want to invest in or take cues from funds listed by Angel One across categories.
  2. Analyse the fund’s past performance, tax incidence, and the sectors and companies in which it invests in. You can also calculate the potential returns using the calculator.
  3. Evaluate the fund’s level of risk and weigh it against your risk tolerance.
  4. Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.
  5. Consider the fund’s expense ratio to get an idea about the cost of investing in it.

Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.

  1. Decide whether your want to invest in a lump sum or via monthly SIP
  2. Next, enter the amount you want to invest and choose how you want to make the payment. UPI is the preferred mode. Alternatively, you can choose net banking
  3. After placing the order, in case of the SIP route of investment, you can create a mandate to make hassle-free future instalments.

Documents Required To Invest in ICICI Prudential Mutual Fund

To invest in ICICI Prudential Mutual Fund through Angel One, a seamless and fully digital KYC process is mentioned above, making your investment journey hassle-free. If you’re a first-time investor, you will be required to provide the following essential documents:

  1. PAN card details (mandatory)
  2. Personal information (full name, mobile number, email address)
  3. Address proof – Aadhar card is the recommended option, including both the front and back sides
  4. Bank account details, with a cancelled cheque if deemed necessary
  5. Nominee details and FATCA declarations

Angel One simplifies the KYC verification, allowing you to access ICICI Prudential Mutual Funds swiftly and efficiently, whether you’re a new or returning investor.

Your financial goals are within reach with our user-friendly platform. In just 48-72 business hours, your KYC process will be completed, and you can start with a mutual fund journey.

Top 10 ICICI Prudential Mutual Funds to Invest In India

Name of the Fund Type of fund AUM (₹ in crore) Minimum investment (₹) 3-year CAGR (%) 5-year CAGR (%)
ICICI Prudential Infrastructure Fund Sectoral Fund – Infrastructure 2986.28 5000 46.55 22.1
ICICI Prudential Bharat 22 FOF FoFs 222.15 5000 45.21 16.16
ICICI Prudential Commodities Fund Thematic Fund 1162.98 100 44.06 –
ICICI Prudential India Opp Fund Thematic Fund 11294.28 5000 41.75 –
ICICI Prudential Smallcap Fund Small Cap Fund 6989.26 5000 39.43 25.96
ICICI Prudential Dividend Yield Equity Fund Dividend Yield Fund 2216.62 5000 34.98 17.45
ICICI Prudential Manufacturing Fund Thematic Fund 1200.87 5000 33.42 –
ICICI Prudential Large & Mid Cap Fund Large & Mid Cap Fund 9364.52 100 32 17.84
ICICI Prudential Value Discovery Fund Value Fund 32753.84 1000 31.7 18.15
ICICI Prudential Retirement Fund-Pure Equity Plan Retirement Fund 349.06 100 31.53 –

Note: The above data of the top ICICI Prudential Mutual Funds is considered as of October 4, 2023.

Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.

ICICI Pru Infrastructure Fund

This fund is a Sectoral Fund focused on infrastructure. The fund manages assets worth ₹2986.28 crore and has an expense ratio of 1.49%. Over the past 3 years, it has provided a 46.55% Compounded Annual Growth Rate (CAGR). The minimum investment amount for this fund is ₹5,000.

ICICI Pru Bharat 22 FOF

ICICI Pru Bharat 22 FOF is a Fund of Funds (FoF) with a focus on domestic equities. The fund manages assets amounting to ₹222.15 crore and has a minimal expense ratio of 0.08%. It has achieved a 45.21% CAGR over the last 3 years. The minimum investment amount for this fund is ₹5,000.

ICICI Pru Commodities Fund

This fund is a Thematic Fund that primarily invests in commodities. With assets under management (AUM) of ₹1162.98 crore and an expense ratio of 1%, it has demonstrated a CAGR of 44.06% over 3 years. The minimum investment amount for this fund is ₹100.

ICICI Pru India Opp Fund

ICICI Pru India Opp Fund is a Thematic Fund investing in specific opportunities within the Indian market. The fund boasts an AUM of ₹11,294.28 crore and maintains a competitive expense ratio of 0.67%. Over the last 3 years, it has shown a CAGR of 41.75%. The minimum investment amount for this fund is ₹5,000.

ICICI Pru Smallcap Fund

ICICI Pru Smallcap Fund is categorised as a Small Cap Fund. The fund manages a significant AUM of ₹6,989.26 crore and has an expense ratio of 0.7%. Over the past 3 years, it has achieved a CAGR of 39.43%. The minimum investment amount for this fund is ₹5,000.

ICICI Pru Dividend Yield Equity Fund

This fund falls under the Dividend Yield Fund category. The fund manages an AUM of ₹2,216.62 crore and maintains an expense ratio of 0.7%. Over the last 3 years, it has provided a CAGR of 34.98%. The minimum investment amount for this fund is ₹5,000.

ICICI Pru Manufacturing Fund

ICICI Pru Manufacturing Fund is a Thematic Fund focusing on the manufacturing sector. With an AUM of ₹1,200.87 crore and an expense ratio of 1.39%, it has achieved a CAGR of 33.42% over 3 years. The minimum investment amount for this fund is ₹5,000.

ICICI Pru Large & Mid Cap Fund

This fund falls into the Large & Mid Cap Fund category. It manages a substantial AUM of ₹9,364.52 crore with an expense ratio of 1%. Over the last 3 years, it has shown a CAGR of 32%. The minimum investment amount for this fund is ₹100.

ICICI Pru Value Discovery Fund

ICICI Pru Value Discovery Fund is categorised as a Value Fund. The fund manages an AUM of ₹32,753.84 crore and has an expense ratio of 1.11%. Over the past 3 years, it has provided a CAGR of 31.7%. The minimum investment amount for this fund is ₹1,000.

ICICI Pru Retirement Fund-Pure Equity Plan

This fund is a Solution Oriented – Retirement Fund primarily investing in equities. With an AUM of ₹349.06 crore and an expense ratio of 1.1%, it has demonstrated a CAGR of 31.53% over the last 3 years. The minimum investment amount for this fund is ₹100.

Mutual Funds Calculators

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ICICI Prudential Mutual Fund FAQs

Should I invest in the ICICI Prudential Mutual Funds scheme?

Generally, investors look at the returns of the mutual fund scheme. However, past returns are not indicative of future performance. Therefore, you should also evaluate funds based on other factors such as risk, volatility, the fund manager’s experience, and your own return expectations and risk tolerance in order to choose the best fund suited for your terms.

How to start ICICI Prudential Mutual Funds SIP online?

You can start investing in ICICI Prudential Mutual Funds SIP online in several ways. One of them is through AMC’s official website. But for a seamless experience, you can do it via Angel One.

How to redeem ICICI Prudential Mutual Funds online?

You can redeem your ICICI Prudential Mutual Fund Online in three ways. First, via the Angel One App under the Mutual Funds section. Second, by visiting https://www.angelone.in/mutual-funds. Finally, you can also redeem your ICICI Prudential Mutual Fund Online by visiting the AMC's website.

How much time does it take to redeem ICICI Prudential Mutual Funds?

You can expect to receive the proceeds of equity, debt, and conservative hybrid funds in your registered bank account within 2-4 working days of initiating the withdrawal. In the case of liquid funds, you can expect to get the funds in 1-2 working days.

What are the redemption charges of ICICI Prudential Mutual Funds?

Redemption charges of ICICI Prudential Mutual Funds depend on the type of mutual fund you want to sell. Generally, an exit load and taxes are applicable.

How to increase the SIP amount in ICICI Prudential Mutual Funds?

You can do this in three ways - by visiting https://www.angelone.in/mutual-funds, the Angel One App or the AMC’s official website.

How can I get the ICICI Prudential Mutual Funds statement?

Getting the ICICI Prudential Mutual Funds scheme statement is simple. Head to the Mutual Funds section in the Angel One App or visit https://www.angelone.in/mutual-funds. Alternatively, you can get the statement by visiting the AMC’s official website.

Are ICICI Prudential Mutual Funds schemes tax-free?

Not all ICICI Prudential Mutual Fund schemes are tax-free. As with any other ELSS, the one offered by ICICI Prudential Mutual Funds also comes with tax benefits. By investing in ICICI Prudential Mutual Fund’s ELSS Funds, you can claim a tax deduction of up to ₹1.5 lakh under Section 80C every financial year.

How to calculate the ICICI Prudential Mutual Fund returns?

Knowing the estimated returns on ICICI Prudential Mutual Fund can help in planning your finances more effectively. Just enter important details, like your desired investment, duration, and expected return from the ICICI Prudential Mutual Fund, in the calculator on Angel One. It will instantly show the estimated returns you can earn from investing in an ICICI Pru Mutual fund Scheme.