ICICI Prudential Mutual Fund Review 2024: A Comprehensive Guide For Investors
Looking for “ICICI Prudential Mutual Fund Review 2024”. ICICI Prudential Mutual Fund is one of the leading mutual fund houses in India. With a wide range of mutual fund schemes catering to different investment objectives and risk appetites, ICICI Prudential Mutual Fund is a popular choice among investors.
However, navigating the world of mutual funds can be a daunting task, especially for first-time investors.
This blog post provides a comprehensive review of ICICI Prudential Mutual Fund, covering everything from login procedures to NAV tracking and statement generation. We also delve into the calculation of mutual fund returns to help you make informed investment decisions.
What is ICICI Prudential Mutual Fund?
ICICI Prudential Mutual Fund stands among India’s top two largest Asset Management Companies, known for its longevity and profitability. With most offerings rated “AAAmfs” for high confidence and reliability, it has been a key player since its establishment in 1993 through a partnership between ICICI Bank and Prudential Plc.
As of September 30, 2018, ICICI Pru Mutual Fund, with an Average Assets Under Management (AAUM) of Rs 468,196.92 Crore, has been a major contributor to shaping India’s CRISIL rating system. Comparable to how a CIBIL score assesses an individual’s creditworthiness, the CRISIL score determines the health of Mutual Funds in India.
Managed by the trustees of ICICI Prudential Trust Ltd for over 30 years, the Mutual Fund, established in 1993, has seen remarkable growth. By March 31, 2023, it oversees assets exceeding Rs. 5.1 Lakh Crore, attracting investors with renowned fund managers and a rapid expansion trajectory.
Headquartered in Mumbai, ICICI Prudential Mutual Fund caters to diverse socioeconomic groups, offering a variety of funds. Whether through lump sum deposits or SIPs, initiating investments with ICICI Prudential via Groww is simple, requiring minimal documentation and a short processing time.
Looking ahead, the Prudential Group plans to reduce its stake by 3.7% in the Mutual Fund to align with SEBI regulations, bringing its shareholding below 25%.
Also Read: Top 10 Best Mutual Fund Investment Apps in India in 2024
ICICI Prudential Mutual Fund Key Information
| Mutual fund name | ICICI Prudential Mutual Fund |
|---|---|
| Founded | October 23, 1993 |
| AMC Incorporation Date | June 22, 1993 |
| Sponsor name | Prudential Plc and ICICI Bank Ltd. |
| Trustee organisation | ICICI Prudential Trust Ltd |
| MD and CEO | Mr. Nimesh Shah |
| CIO | Mr. S Naren |
| Compliance Officer | Ms. Supriya Sapre |
| Official Website | https://www.icicipruamc.com/ |
Also Read: Motilal Oswal Mutual Fund 2024: Is MO Mutual Fund Best For You?
List of all ICICI Prudential Mutual Funds
Explore a range of mutual fund options offered by ICICI Prudential Mutual Fund across various categories:
Sure, here is a table of the ICICI Prudential Mutual Fund schemes:
| Scheme Type | Scheme Name |
|---|---|
| Equity Schemes | ICICI Prudential Balanced Advantage Fund |
| ICICI Prudential ELSS Tax Saver Fund | |
| ICICI Prudential Bluechip Fund | |
| ICICI Prudential Equity & Debt Fund | |
| ICICI Prudential Multicap Fund | |
| ICICI Prudential Multi-Asset Fund | |
| Hybrid Schemes | ICICI Prudential Asset Allocator Fund |
| ICICI Prudential Passive Strategy Fund | |
| ICICI Prudential Thematic Advantage Fund | |
| Debt Schemes | ICICI Prudential Liquid Fund |
| ICICI Prudential Ultra Short Term Fund | |
| ICICI Prudential Credit Risk Fund | |
| Others (ETF/Index) | ICICI Prudential Nifty Index Fund |
| ICICI Prudential Nifty Next 50 Index Fund | |
| ICICI Prudential Sensex Index Fund | |
| Others (FOF) | ICICI Prudential Child Care Fund (Gift Plan) |
| Quick Invest | |
| Invest without logging in | |
| ICICI Prudential Retirement Fund |
Also Read: Varsity By Zerodha Review 2024: Is Zerodha Varisty Good?
How to invest in ICICI Prudential Mutual Fund?
Investing in ICICI Prudential Mutual Fund through Groww is a straightforward process. Here’s a step-by-step guide:
- Log in to Your Groww Account: Access your Groww account or create one if you don’t have one. Registration is free and convenient.
- Upload Identification Documents: Provide valid identification documents such as Aadhaar, PAN, Driver’s License, Voter ID, Government-issued ID, or Passport.
- Upload Address Verification Documents: Submit documents that verify your permanent address.
- Define Investment Duration: Determine the length of your investment to align with your financial goals.
- Assess Risk Tolerance: Evaluate your risk appetite and select funds that match your risk tolerance level.
- Choose ICICI Prudential Mutual Fund: Based on your criteria, select the most suitable ICICI Prudential Mutual Fund.
- Select Investment Option: Choose “Invest One Time Only” for lump sum investments or “Start SIP” for systematic investment plans (SIPs).
- Initiate Investment: Start your investment with a few clicks.
Your ICICI Prudential Mutual Fund investment will reflect in your Groww account within 3-4 working days.
Previous Year Returns of ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund Investor Panel
ICICI Prudential Mutual Fund Distributor Panel
ICICI Prudential Mutual Fund Nav
NAVs can fluctuate daily, so it is always best to check the latest NAVs on the ICICI Prudential Mutual Fund website or app before investing.
Top 15 mutual fund schemes offered by ICICI Prudential Mutual Fund
| Scheme Name | Fund Category | Minimum Investment | Annualized Returns (3Y/5Y) | AUM (Cr) | 1Y Returns |
|---|---|---|---|---|---|
| ICICI Prudential BHARAT 22 FOF Direct Growth | Other | ₹5,000 (Lump sum) | 39.74%/18.92% | ₹321 | 45.7% |
| ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth | Solution Oriented | ₹5,000 (Lump sum) | 27.3% | ₹367 | 27.3% |
| ICICI Prudential Value Discovery Direct Growth | Equity | ₹1,000 (Lump sum) | 28.5%/20.38% | ₹32,494 | 22.6% |
| ICICI Prudential India Equity FOF Direct Growth | Other | ₹500 (Lump sum) | 21.9% | ₹79 | 21.9% |
| ICICI Prudential Multi Asset Fund Direct Growth | Hybrid | ₹5,000 (Lump sum) | 27.23%/18.87% | ₹24,931 | 20.1% |
| ICICI Prudential Equity & Debt Fund Direct Growth | Hybrid | ₹5,000 (Lump sum) | 27.17%/19.29% | ₹26,183 | 21.8% |
| ICICI Prudential Bluechip Fund Direct Growth | Equity | ₹100 (Lump sum) | 21.51%/16.55% | ₹41,269 | 16.7% |
| ICICI Prudential Asset Allocator Fund (FOF) Direct Growth | Other | ₹5,000 (Lump sum) | 15.92%/14.12% | ₹20,222 | 16.1% |
| ICICI Prudential Income Optimizer Fund (FOF) Direct Growth | Other | ₹5,000 (Lump sum) | 11.32%/10.43% | ₹278 | 13.3% |
| ICICI Prudential Equity Savings Fund Direct Growth | Hybrid | ₹5,000 (Lump sum) | 9.63%/8.89% | ₹7,325 | 9.6% |
| ICICI Prudential All Seasons Bond Fund Direct Plan Growth | Debt | ₹5,000 (Lump sum) | 6.08%/8.5% | ₹11,427 | 7.8% |
| ICICI Prudential Gilt Fund Direct Plan Growth | Debt | ₹5,000 (Lump sum) | 5.67%/8.48% | ₹4,379 | 8.3% |
| ICICI Prudential Banking & PSU Debt Direct Growth | Debt | ₹500 (Lump sum) | 5.6%/7.49% | ₹8,283 | 7.4% |
| ICICI Prudential Ultra Short Term Fund Direct Growth | Debt | ₹5,000 (Lump sum) | 5.6%/6.69% | ₹12,413 | 7.4% |
| ICICI Prudential Corporate Bond Fund Direct Plan Growth | Debt | ₹100 (Lump sum) | 5.57%/7.59% | ₹1,118 | 7.5% |
ICICI Prudential Mutual Fund Customer Support Review
ICICI Prudential Mutual Fund offers a variety of customer support channels, including phone and email. The customer support representatives are knowledgeable and helpful, and they are able to answer a wide range of questions about ICICI Prudential Mutual Fund’s products and services.
Customer support channels that ICICI Prudential Mutual Fund offers:
- Phone: ICICI Prudential Mutual Fund offers 24/7 phone support through their toll-free numbers:
- Investor: 1800 222 999 (BSNL/MTNL)
- Advisor: 1800 200 5050
- Email: You can reach ICICI Pru MF’s customer support by email at [email protected] The email support is available during business hours.
- Other Options:
- Chat Support also available
- FAQs
Also Read: DP Charges in Zerodha 2024: 3 Tips to Avoid Them
FAQs
Is ICICI Prudential Mutual Fund good?
ICICI Prudential Mutual Fund is one of the largest and most well-respected mutual fund houses in India. It has a long history of providing good returns to its investors.
Q. How to add nominee in icici prudential mutual fund online?
To add a nominee in ICICI Pru MF online, follow these steps:
1. Log in to your ICICI Prudential Mutual Fund account.
2. Click on the “My Account” tab.
3. Select the “Nomination” option.
4. Enter the nominee’s details.
- Nominee’s name
- Nominee’s date of birth
- Nominee’s relationship to you
- Nominee’s address
- Nominee’s contact details
5. Click on the “Submit” button.
Your nominee will now be added to your ICICI Pru MF account. You can add up to three nominees.
Please note that you will also need to submit a physical nomination form to ICICI Pru MF. You can download the form from the ICICI Pru MF website or request a copy from customer service.
Also Read: ICICI Direct App Review 2024: Brokerage Charges, Demo, Guide
Q. How to redeem icici prudential mutual fund?
You can redeem ICICI Pru MF online, through their website or app, or by contacting their customer service.
To redeem online, follow these steps:
- Log in to your ICICI Prudential Mutual Fund account.
- Click on the “Investments” tab.
- Select the “Mutual Funds” option.
- Choose the scheme you want to redeem from.
- Click on the “Redeem” button.
- Enter the amount you want to redeem and select the redemption mode.
- Click on the “Review” button.
- Review the redemption details and click on the “Confirm” button.
Your redemption request will be processed and your funds will be credited to your bank account within a few days.
To redeem through customer service, you can call them at 1800 222 999 (BSNL/MTNL) or 1800 200 5050 (Advisor).
Q. How to check icici prudential mutual fund status?
There are several ways to check your ICICI Pru MF status:
1. Online:
- ICICI Prudential Mutual Fund Website:
- Go to the ICICI Prudential Mutual Fund website.
- Log in to your account using your registered email address and password.
- Click on the “My Investments” tab.
- Select the “Mutual Funds” option.
- Choose the scheme you want to check the status of.
- Your current investment value, NAV, and other details will be displayed.
- ICICI Prudential Mutual Fund App:
- Download and install the ICICI Prudential Mutual Fund app from the App Store or Google Play.
- Log in to your account using your registered email address and password.
- Tap on the “Investments” tab.
- Select the “Mutual Funds” option.
- Choose the scheme you want to check the status of.
- Your current investment value, NAV, and other details will be displayed.
Also Read: ICICI Direct vs Zerodha – A Detailed Comparison of Features, Charges, and Trading Plateforms
Conclusion: ICICI Prudential Mutual Fund review India
ICICI Prudential Mutual Fund is a large and well-respected mutual fund house in India with a long history of providing good returns to its investors.
It has a wide range of investment options to suit different risk profiles, from equity funds for aggressive investors to debt funds for conservative investors.
Pros and cons of ICICI Prudential Mutual Fund:
Pros:
- Long history and strong track record
- Large AUM and diversified portfolio
- Experienced fund managers
- Investment options for different risk profiles
Cons:
- Fees can erode your returns
- Market risk
- Liquidity risk
Overall, ICICI Prudential Mutual Fund is a good option for investors who are looking for a well-managed, diversified fund with a strong track record.
However, it is important to carefully consider your individual circumstances and risk tolerance before investing.
Recommended Articles:
