ICICI Prudential Asset Management Company Ltd. is a leading asset management company (AMC) in the country focused on bridging the gap between savings & investments and creating long term wealth for investors through a range of simple and relevant investment solutions.
The AMC is a joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, a leading pan-Asia & Africa focused group providing health, protection and savings solutions. Throughout these years of the joint venture, the company has forged a position of pre-eminence in the Indian Mutual Fund industry.
The AMC manages significant Assets under Management (AUM) in the mutual fund segment. The AMC also caters to Portfolio Management Services for investors, spread across the country, along with International Advisory Mandates for clients across international markets in asset classes like Debt, Equity and Real Estate.
The AMC has witnessed substantial growth in scale; from 2 locations and 6 employees at the inception of the joint venture in 1998, to a current strength of 3072 employees with a reach across over 350 locations reaching out to an investor base of 97 lakh investors (as on January 31st, 2024). The company’s growth momentum has been exponential and it has always focused on increasing accessibility for its investors.
Driven by an entirely investor centric approach, the organization today is a suitable mix of investment expertise, resource bandwidth and process orientation. The AMC endeavors to simplify its investor’s journey to meet their financial goals, and give a good investor experience through innovation, consistency and sustained risk adjusted performance.
| Mutual fund name | ICICI Prudential Mutual Fund |
| AMC Incorporation Date | June 22, 1993 |
| Sponsor name | Prudential Plc and ICICI Bank Ltd. |
| Name of trustees | ICICI Prudential Trust Ltd |
| CIO | Mr. S Naren |
| Compliance Officer | Ms. Supriya Sapre |
| MD and CEO | Mr. Nimesh Shah |
— Registered with SEBI, AMFI & BSE
— Paperless sign up on web & app
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Investing in the top ICICI Mutual Funds online is easy and comparatively hassle-free when you use your Groww account. The entire process is described below.
Step 1: First, you will have to log in to your Groww account. In case you do not have a Groww account, you will have to sign up for one. Registering for a new account is free and saves you time too.
Step 2: Upload your identification documents using our website. You can use all the documents commonly accepted at any financial institution. Aadhaar, PAN, Driver’s Licence, Voter ID Card, Identification issued by either the Central or State Governments, or your Passport are all valid documents.
Step 3: Upload your address verification documents. Any document which mentions your permanent address will do.
Step 4: Determine the length of your investment.
Step 5: Determine if you are looking for high, low or medium risks. Higher return potential will also come with just as high risks involved.
Step 6: Based on your criteria, select the most suitable ICICI Prudential Mutual Fund.
Step 7: You have the freedom to choose from two alternatives. You can either click on “Invest One Time Only” if you are looking to invest a lump sum. Else, you can choose to begin a systematic SIP plan by choosing the “Start SIP” option.
Step 8: Start your investment immediately with a few clicks of the mouse.
Within 3 to 4 working days, your ICICI Pru Mutual Fund investment will be reflected in your Groww account.
Here are the top minds behind one of India’s highest performing Mutual Funds.
1. Mr. Sankaran Naren
Naren is currently the Chief Investment Officer of ICICI Prudential Asset Management Company Limited since 2008. He is an alumnus of the Indian Institute of Management, Calcutta and is an Engineering graduate from IIT Madras (now Chennai). He is a tried and tested expert of the Indian securities market. He is also an Executive Director of the company since 2016.
Mr Naren has served in many high-profile jobs across the spectrum over his many years in the Indian securities market. Previously, he was Chief Executive Officer at Yoha Securities. He was also a Director of HDFC Securities Ltd. With a lifetime spent in exploring the various facets of the Indian equity market, Naren brings an extensive repertoire to ICICI Pru Mutual Fund.
In his capacity as the Head of Research at Refco Sify Securities India Pvt. Ltd in the past, he has had a considerably varied career. He currently handles two of the highest profile funds at ICICI Prudential: the ICICI Prudential Top 100 Fund and the ICICI Prudential Dynamic Plan. Both these plans are among the top 10 funds in the market in their cap range.
2. Mr. Mrinal Singh
Mrinal Singh is currently the Deputy Chief Investment Officer in charge of Equity at ICICI Prudential Asset Management Company Limited. He joined the corporation in 2008. His educational credentials include a BE in Mechanical Engineering and also a Post-Graduation in SP Jain Institute of Management and Research.
Mr. Singh has extensive experience across multiple specialties and sub-specialties like automobiles, financial services, IT and retail banking. He is a specialist in the Indian securities and derivatives market. Before joining ICICI Prudential Mutual Funds, he was involved in senior-level positions at Robert Bosch GmbH Motor Industries Co. Ltd and Wipro.
Mr. Singh has core competencies in portfolio management and detailed sector-based analysis. He is credited with turning around many of ICICI Prudential’s Blue Chip stocks.
3. Mr. Rahul Rai
Mr. Rai has over 24 years of experience in the securities and investments sectors. He is currently the Executive Vice President while heading the Real Estate Business at ICICI Prudential Mutual Funds. He is a trained Chartered Accountant and is a specialist in Cost accountancy.
Rai is a senior executive at the real estate management firm PMS and has also worked in multiple SUN-Apollo Real Estate Advisors besides Arthur Anderson. Rai is also a former senior executive of Ernst and Young.
Mr. Rai is an expert in taxation, real estate investments and emerging markets.
4. Mr. Kayzad Eghlim
Mr. Eghlim is a senior expert in ETF products. He is also the Vice President of Investments and a very senior Portfolio manager. Mr Eghlim has been a senior executive in numerous other top-notch companies in the past as well. With him on-board, ICICI Prudential Mutual Fund has seen a rise in the number of ETF products in recent months.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 33.35% & 25.8%. The ICICI Prudential BHARAT 22 FOF Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential BHARAT 22 FOF Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,183Cr |
| 1Y Returns | 49.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 25.29% & 26.29%. The ICICI Prudential Retirement Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Retirement Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,035Cr |
| 1Y Returns | 47.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 23.79% & 32.51%. The ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹4,987Cr |
| 1Y Returns | 59.1% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.8% & 27.57%. The ICICI Prudential Value Discovery Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Value Discovery Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹51,197Cr |
| 1Y Returns | 41.1% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.6% & 21.01%. The ICICI Prudential Bharat Consumption Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Bharat Consumption Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,894Cr |
| 1Y Returns | 35.0% |
Fund Performance: The ICICI Prudential India Equity FOF Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential India Equity FOF Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹153Cr |
| 1Y Returns | 45.1% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.15% & 25.5%. The ICICI Prudential Large & Mid Cap Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Large & Mid Cap Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹17,464Cr |
| 1Y Returns | 41.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.09% & 22.59%. The ICICI Prudential Multi Asset Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Multi Asset Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹50,495Cr |
| 1Y Returns | 30.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.03% & 23.71%. The ICICI Prudential Equity & Debt Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Equity & Debt Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹41,395Cr |
| 1Y Returns | 33.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.68% & 21.03%. The ICICI Prudential Bluechip Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Bluechip Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹66,206Cr |
| 1Y Returns | 36.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.34% & 16%. The ICICI Prudential Asset Allocator Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Asset Allocator Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹23,263Cr |
| 1Y Returns | 22.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.89% & 11.7%. The ICICI Prudential Income Optimizer Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Income Optimizer Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹277Cr |
| 1Y Returns | 16.0% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.31% & 15.07%. The ICICI Prudential Child Care Plan Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Child Care Plan Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹130Cr |
| 1Y Returns | 5.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.63% & 8.38%. The ICICI Prudential Dynamic Bond Fund comes under the Debt category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential Dynamic Bond Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,312Cr |
| 1Y Returns | 4.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.22% & 8.23%. The ICICI Prudential All Seasons Bond Fund comes under the Debt category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for ICICI Prudential All Seasons Bond Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹12,983Cr |
| 1Y Returns | 9.5% |
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