ICICI Prudential Mutual Fund
ICICI Prudential Asset Management Company Limited is one of India’s largest and most reputed mutual fund houses. The company has over two decades of expertise in fund management. It boasts a solid investor base of over 62 lakh investors and an AUM (Assets Under Management) of INR 4,80,992.70 crores (as of 31st October 2021). ICICI MF offers 68 mutual fund schemes across categories like equity, debt, hybrid, sectoral/ thematic, fund of funds, ELSS, etc.
The primary objective of the ICICI Mutual Fund is to bridge the gap between investment and savings. It aspires to create long-term wealth through convenient and investor-friendly investment solutions. Investors can invest in ICICI Prudential mutual fund schemes both online and offline in India.
Top 10 ICICI PRUDENTIAL Mutual Fund Schemes to Invest in –
ICICI Prudential AMC is a joint venture of ICICI Bank, one of India’s largest private sector banks, and Prudential Plc., one of the largest financial services companies in the United Kingdom. ICICI Bank has consolidated net assets worth INR 14.76 trillion and boasts of a network of 5,228 branches and 15,158 ATMs all over India (as of 30th September 2020). Prudential Plc. is an Asia-centric financial services company focusing on structural growth markets. The firm has over 20 million customers and is listed on Hong Kong, London, New York, and Singapore stock exchanges.
Besides offering mutual fund schemes to investors, ICICI Prudential AMC offers Portfolio Management Services and Equity Alternative Investment Funds for big financial institutions, banks, and retail investors. The company also offers International Advisory Mandates for offshore markets in equity, debt, and real estate.
ICICI Prudential AMC has witnessed a massive jump in its scale of operations. From just six employees at two locations in 1998 to 1,855 employees at more than 350 locations, the company has become a force to reckon with in the Indian mutual funds’ sphere.
ICICI Prudential AMC is headed by Mr Puranam Hayagreeva Ravikumar, Chairman and Independent Director, Mr Nimesh Shah, Managing Director and Chief Executive Officer, and Mr Sankaran Naren, Executive Director and Chief Information Officer. In the financial year 2020-21, the AMC won the coveted title of the ‘Best Fund House’ at Morningstar Awards 2021. It also received awards at Refinitiv Lipper Fund Award 2020 and Buzzin Content Awards. ICICI Prudential AMC’s Profit After Tax (PAT) for 2020-21 was INR 1,715 thousand, against INR 967 thousand in 2019-20. Its basic and diluted Earnings Per equity Share (EPS) grew to 17.04 from 9.61.
ICICI Prudential Asset Management Company Limited – Key Information
| Mutual Fund Name | ICICI Prudential Mutual Fund |
| Assets Managed | INR. 465468.16 crore (Jun-30-2022) |
| Founded on | 13th October 1993 |
| Sponsor Name | Prudential Plc and ICICI Bank Ltd. |
| Trustee Company | ICICI Prudential Trust Ltd. |
| Chairman and Independent Director | Mr Puranam Hayagreeva Ravikumar |
| Managing Director and Chief Executive Officer | Mr Nimesh Shah |
| Name of Chief Financial Officer | Mr B Ramaakrishna |
| Executive Director and Chief Information Officer | Mr Sankaran Naren |
| Board of Directors | Mr Puranam Hayagreeva Ravikumar
Mr Jyotin Mehta Mr Ranganayakulu Jagarlamudi Mr Lakshman Kumar Mylavarapu Mr Pramod Rao Mr Antony Jacob Mr Anup Bagchi Mr Dilip G. Karnik Mr Naved Masood Mr Nimesh Shah Mr S Naren Mr Sandeep Batra Mr Seck Wai Kwong Mr Ved Prakash Chaturvedi Ms Preeti Reddy |
| Registered Office | 12th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi – 110 001. CIN: U74899DL1993PLC054134 |
| Corporate Office | One BKC 13th Floor, Bandra Kurla Complex, Mumbai – 400051. |
| Contact Information | Tel: +91 22 2652 5000, Fax: +91 22 26528100, website: www.icicipruamc.com, |
| Registrar and Transfer Agent | 3i Infotech Limited International Infotech Park, Tower 5, 3rd Floor, Vashi Railway Station Complex, Vashi, Navi Mumbai 400 703. |
| Statutory Auditors | M/s. BSR & Co. LLP, Chartered Accountants (Registration no. 101248W/W-100022) |
ICICI Prudential Asset Management Company Limited – Top Fund Managers
Mr Jitendra Arora
Jitendra Arora, PGDM, BMS, joined ICICI Prudential AMC in April 2007 as Vice President. In April 2011, he was promoted to Senior Vice President. Since 2015, he has been working as an Executive Vice President and Fund Manager. He has managed AUM worth US$ 10 billion. Mr Arora’s specialities include treasury management, investment management, product development, financial risk management, actuarial, and fund management. Mr Arora manages some of the best-performing equity funds at ICICI Prudential MF.
Mr Gautam Sinha Roy
Mr Gautam Sinha Roy, MBA (Finance, Strategy), B.Eng. Chemical Engineering, CFA Level III, joined ICICI Prudential MF in June 2019 and is the Senior Vice President (Equity). He has experience of over eighteen years and manages an equity AUM of over US$ 2.5 billion. Before joining ICICI Prudential MF, he worked for Motilal Oswal Mutual Fund, Motilal Oswal Securities Ltd, IIFL Capital Pte. Ltd., Mirae Asset Global Investments (India) Pvt. Ltd., Edelweiss capital, and General Electric.
Mr Prateek Pareek
Mr Prateek Pareek is a Chartered Accountant and Company Secretary. He works as the Chief Manager and Fund Manager at ICICI Prudential MF. He joined the company in December 2017. Prior to this, he worked with Anand Rathi Securities as an Equity Research Analyst, EY as an Associate, and PwC as an Associate. He has over twelve (12) years of experience in the Indian equity markets.
Ms Vidya Iyer
Ms Vidya Iyer, MBA, joined ICICI Prudential MF as Senior Fund Manager in April 2009. Her current designation is Vice President and Fund Manager, ICICI Prudential Asset Management Company Limited. Before joining the company, she served J.P. Morgan as an Associate. Ms Iyer’s experience spans over thirteen (13) years in fund management and credit. She also holds a certificate in Financial Risk Management from the Global Association of Risk Professionals.
Mr Dharmesh Kakkad
Mr Kakkad is a B.com., CA and CFA. He has been with ICICI Prudential Asset Management Company Limited since June 2010. Before joining the Dealing function, he worked in the Operations Department of ICICI Prudential AMC. In his 9 years as a fund manager, he has managed 9 funds.
Mr Sankaran Naren
Mr Sankaran is in charge of the investment function for the Mutual Fund and International Advisory Business. He graduated from IIT Madras and IIM Kolkata and has worked in the financial services industry in a variety of capacities. In his twelve years as a fund manager, he has managed 29 funds.
Mr Manish Banthia
Mr Manish has worked in the capital markets for over 16 years and has managed 24 funds. His primary areas of expertise are portfolio management, rate trading, and credit research. He is a Chartered Accountant with a Master’s degree in Business Administration from the Indian Institute of Foreign Trade (IIFT) in Delhi.
How Can You Invest in ICICI Prudential Mutual Fund?
If you want to invest in ICICI Prudential Mutual Fund, the process is extremely simple on the 5Paisa platform. 5Paisa is one of the country’s largest investing platforms, and you can easily add ICICI Prudential Mutual Fund and other mutual funds to your portfolio. The steps to invest in ICICI Prudential Mutual Fund online is as follows:
Step 1: Log in to your 5Paisa Account. If you do not have one, click the link to register and create a new 5Paisa account in 3 easy steps. Alternatively, you can download the 5Paisa app on your smartphone for Android or IOS and log in from your device.
Step 2: Search for the ICICI Prudential Mutual FundMutual Fund scheme that you want to invest in
Step 3: Select the option that is apt for your requirement and risk appetite
Step 4: Select the investment type – SIP (Systematic Investment Plan) or Lumpsum
Step 5: Input the amount that you’d like to invest and proceed with payment by clicking on the ‘Invest Now’ button
That’s it! This sums up the investment process. Once your payment is successful, you can see the ICICI Prudential Mutual FundMutual Fund reflected in your 5Paisa account in 3-4 working days. If you have selected the SIP option, the chosen amount will get deducted every month starting from the date you have made the payment.
ICICI Prudential Mutual Fund Performance and Minimum Investment
Here is a quick look at the top 10 ICICI Prudential Mutual Fundmutual fund investment options that have provided high returns to investors:
ICICI Pru Technology Fund – Direct-Growth
The fund’s investment in domestic equities is 89.01%with 74.35% Cap stocks, 5.66 % in Mid Cap stocks, and 6.41 % in Small Cap stocks. Suitable For: Investors with advanced knowledge of macro trends prefer to place selective bets for higher returns.
Category: Sectoral/Thematic
Scheme Type: Open-ended
NAV 148.21as as on 04th August 2022
Monthly Avg AUM: INR 8,537.54 Crores
Month-end AUM: INR 8,508.13 Crores
Inception Date 01st January 2013,
Fund Manager: Atul Patel (w.e.f. since July 2013)Mr. Vaibhav Dusadi (w.e.f. May 2020)
Min. Investment INR 5,000
Min. Additional Investment INR1,000
Min. SIP Investment INR100
| 1-year Annualized Returns | 3-year Annualized Returns | 5-year Annualized Returns |
| -1.75% | 43.09% | 34.36% |
ICICI Pru Smallcap Fund – Direct-Growth
If you invest for at least seven years, you can expect returns that comfortably outperform the inflation rate. When stock prices fall, small-cap funds tend to lose more. Gains of up to INR 1 lakh in a fiscal year are exempt from tax, with the remaining 10% taxed at a rate of 10%.
Category: Small Cap Fund
Scheme Type: Open-ended
NAV: INR 57.02 as on 04th August 2022
Monthly Avg AUM: INR 2,357.87 Crores
Month-end AUM: INR 3,054.87 Crores
Inception Date:01-Jan-2013
Fund Manager: Siddharth Srivastava since Nov 2021
Benchmark: NIFTY Smallcap 250 TRI
Minimum Investment (Rs.) 5,000.00
Minimum Additional Investment (Rs.) 1,000.00
Minimum SIP Investment (Rs.) 100.00
| 1Y | 3Y | 5Y |
| 11.37 | 32.58 | 16.16 |
ICICI Pru P.H.D Fund – Direct-Growth
We believe investors should steer clear of funds with a narrowly defined investment mandate. Instead, they should invest in Flexi-cap funds, which give the fund management team complete control. If you do decide to invest, you must do so through a SIP.
Category: Sectoral-Pharma
Scheme Type: Open-ended
NAV: INR 20.26 as of (04th August 2022)
Monthly Avg AUM: INR 2,329.41 Crores
Month-end AUM: INR 2,417 Crores
Inception Date: 13th July 2018.
Fund Manager: Dharmesh Kakkad since May 2020
Benchmark: S&P BSE Healthcare TR
Min. Investment: INR5,000
Min. Additional Investment: INR1,000
Min. SIP Investment: INR 100
Annualized Returns:
| 1Y | 3Y | 5Y |
| -7.95 | 27.65 | 6.63 |
ICICI Pru MNC Fund – Direct-Growth
Investors with in-depth knowledge of macro trends and a preference for placing specific bets to achieve higher returns than other equity funds. These investors should also be prepared for the possibility of experiencing moderate to significant losses on their investments even though the market as a whole is doing better. Gains up to Rs 1 lakh in a fiscal year are tax-free if mutual fund units are sold after one year. Gains over Rs 1 lakh are taxed at a rate of 10%. There is no tax to pay as long as you keep the units.
Equity: Thematic-MNC
Scheme Type: Equity
NAV: INR 19.86 as on 4/8/2022
AUM: INR₹ 1,195 Cr (As on 30-Jun-2022) Crores
Month-end AUM: INR ₹ 1,195 Cr(As on 30-Jun-2022)
Inception Date: 17th June 2019
Fund Manager: Anish Tawakley since May 2019 and Vaibhav Dusad since Jul 2020
Benchmark: NIFTY MNC Total Return Index
Min. Investment: INR 5,000
Min. Addl Investment: INR 1,000
Min. SIP Investment: INR100
Annualized Returns
| 1Y | 3Y | 5Y |
| -7.95 | 27.65 | 6.63 |
ICICI Pru India Opportunities Fund – Direct-Growth
Investors, in our opinion, should steer clear of funds with a restricted investment focus. Instead, they ought to put money into -cap funds, which give the fund management team total discretion. If you need to redeem your investment in less than five years, stay away from this fund.
Category:Equity: Thematic
Scheme Type: Open-ended
NAV: INR 19.64 as on 04/08/2022
Monthly Avg AUM: INR 160.55 Crores
Month-end AUM: INR 105.99 ₹ 4,781 Cr(As on 30-Jun-2022)
Inception Date: 15-Jan-2019
Fund Manager: Roshan Chutkey and Shankaran Naren both, from 26th December 2018
Benchmark: NIFTY 500 TRI
SIP (Minimum Amount): INR 100/- (Minimum 6 instalments)
SIP Frequency: Monthly INR 5000
Min. Investment: INR 5,000
Min. Addl Investment: INR1,000
Min. SIP Investment: INR 100
Annualized Returns:
| 6M | 1Y | 3Y |
| 3.53 | 21.23 | 26.08 |
ICICI Pru Thematic Advantage Fund (FOF)-Dir Growth
Investors should avoid funds with a very specific investment focus. They should instead put their money into Flexi-cap funds, which gives the fund management team total discretion. If you must redeem your investment in less than five years, do not invest in this fund.
Category:Equity: Thematic
Scheme Type: Open-ended
NAV: INR 133.336 as on 04/08/2022
Monthly Avg AUM: INR 594.82 Crores
Month-end AUM: INR 611 Cr(As on 30-Jun-2022)
Inception Date: 01-Jan-2013
Fund Manager: Dharmesh Kakkad 28th May 2018 and Shankarn Naren 05th September 2018
Benchmark: NIFTY 200 Total Return Index
SIP (Minimum Amount): INR 1000/-
SIP Frequency: Monthly INR 500
Minimum Investment Amount: INR 5000/-
Annualized Returns
| 1Y | 3Y | 5Y |
| 8.09 | 25.10 | 13.79 |
ICICI Pru Value Discovery Fund – Direct-Growth
This fund employs investing style which looks for stocks that are markedly undervalued relative to what the management team of the fund thinks they are really worth. If you need to redeem your investment in less than five years, stay away from this fund.
Category: Equity: Value Oriented
Scheme Type: open-ended
NAV: INR 278.71 as on 05/08/2022
Monthly Avg AUM: INR 22,956.26 Crores
Month-end AUM: INR 23,053 Cr (As on 30-Jun-2022)
Inception Date: 01st January 2013,
Fund Manager: Mr Dharmesh Kakkadi (w.e.f. 21st Jan 2021)
Benchmark: NIFTY 500 TRI
SIP (Minimum Amount): INR 1000/-
SIP Frequency: Monthly INR 500/-
Minimum Investment Amount: INR 100/- and any amount after that
Annualized Returns
| 1Y | 3Y | 5Y |
| 15.18 | 24.57 | 14.10 |
ICICI Pru MidCap Fund – Direct-Growth
This particular fund makes investments in mid-sized businesses. When stock prices decline, these funds frequently decline more. Gains up to INR 1 lakh are tax-free within a fiscal year. Investors’ income is increased by dividends, which are then taxed in accordance with their individual tax brackets.
Category: Equity Mid Cap
Scheme Type: Debt: Open-ended
NAV: INR 176.65 as on 05/08/2022
Monthly Avg AUM: INR 3,079.95 Crores
Month-end AUM: INR 3,091 Cr (As on 30-Jun-2022)
Inception Date: NIFTY Midcap 150 TRI
Fund Manager: Mr Prakash Gaurav Goel (w.e.f. 02nd May 2020)
Benchmark: NIFTY Midcap 150 Total Return Index
SIP (Minimum Amount): INR 5000/-
SIP Frequency: Monthly
Minimum Investment Amount: INR 100/- and any amount after that INR 1000
Annualized Returns
| 1Y | 3Y | 5Y |
| 6.22 | 24.08 | 13.06 |
ICICI Pru Manufacturing Fund – Direct-Growth
This fund primarily invests in businesses that follow the stringent investment guidelines outlined in its investment objective. If you need to redeem your investment in less than five years, don’t invest in this or any other thematic fund.
Gains up to INR 1 lakh are tax-free within a fiscal year. Investors’ income is increased by dividends and taxed by their individual tax brackets. The fund house withholds a TDS of 10% before distributing the dividend if an investor’s dividend income exceeds INR 5,000 in a fiscal year.
Category: Equity: Thematic
Scheme Type: Open-ended
NAV: INR 18.33 as on 05/08/2022
Monthly Avg AUM: INR 572.31 Crores
Month-end AUM: INR 572.31 Crores
Inception Date: 11-Oct-2018
Fund Manager: Anish Tawakley Since Sep 2018 & Lalit Kumar Since Jan 2021
Benchmark: S&P BSE India Manufacturing TRI
Min. Investment: INR 5000
Min. Additional Investment: INR1,000
Min. SIP Investment: INR 100
Annualized Returns
| 1Y | 3Y | 5Y |
| 10.02 | 23.52 | – |
ICICI Pru Infrastructure Fund – Direct-Growth
This fund primarily invests in the stock of businesses involved in infrastructure-related activities. Investors should steer clear of funds with such a restricted investment mandate. Instead, they ought to put money into Flexi-cap funds, which give the fund management team total discretion.
Equity: Sectoral-Infrastructure
Scheme Type: open-ended
NAV: INR 86.98 as on 05/08/2022
Monthly Avg AUM: INR 1,833.93 Crores
Month-end AUM: INR 1,826 Cr (As on 30-Jun-2022)
Inception Date: 01-Jan-2013
Fund Manager: Mr Ihab Dalwai (w.e.f. 05th June 2017)
Benchmark: S&P BSE India Infrastructure TRI
Min. Investment: INR 5,000
Min. Additional Investment: INR 1,000
Min. SIP Investment: INR 100
Annualized Returns
| 1Y | 3Y | 5Y |
| 19.17 | 22.49 | 11.73 |
Frequently Asked Questions
To determine the appropriate amount to invest in any mutual fund, one must first understand the risk and investment duration and then select the amount most comfortable for them based on their financial goals.
The option determines the minimum amount for each ICICI Prudential Mutual Fund. However, the minimum amount for an ICICI Prudential Mutual Fund SIP is INR 100, while the maximum amount for a lump sum investment is INR 5000.
You can quickly increase your SIP at any time. Simply follow the steps outlined below to accomplish this. You will be notified about the revisions to your SIP once you have updated the details. Click for information on how to increase or revise the amount.
You can invest in ICICI Prudential Mutual Fund and other investment options with 5Paisa for ZERO commission. The company’s advantages are professional management, a simple SIP or lump sum investment process, liquidity transparency, and the ability to choose from various options.
You do not need to open a DEMAT account to buy Mutual Funds. Using 5Paisa’s Apps – Invest App & 5paisa Mobile Trading App – makes it simple to invest in mutual funds. You download the 5paisa Invest App to open an MF account.
5Paisa’s Apps – Invest App & 5paisa Mobile Trading App – make it simple to invest in mutual funds. All you have to do is send a Cancel SIP request.
With an AUM of Rs 477,806 crores, ICICI Mutual Fund offers 283 schemes across different categories, including 38 equity, 40 debt, and 12 hybrid mutual funds.