ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is India’s one of most reputed mutual fund companies. In terms of assets under management (AUM), it is one of the top 3 Asset Management Companies (AMC) in the country.
It was started in 1993 as ICICI Prudential Asset Management Company Limited. Back then, it was a part of the ICICI group. In 1998, it became a joint venture between ICICI Bank and Prudential Plc.
At the end of January 2024, it had an AUM of over Rs. 6,90,000 crore from more than 97 lakh investors. The AMC offers over 120 mutual fund schemes across equity, debt, and hybrid schemes.
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List of ICICI Prudential Asset Management Company Limited Fund Managers
Key information about ICICI Prudential Mutual Fund
One BKC 13th Floor, Bandra Kurla Complex, Bandra, Mumbai 400051
Telephone No: 022-26525000
The ICICI mutual fund customer care numbers are as follows:
- BSNL and MTNL users can call the toll-free number 1800222999.
- If you want to call via any other service provider, then you can call the toll-free number 18002006666.
Compare ICICI Prudential Mutual Fund with other AMCs
Factors to consider before investing in ICICI Prudential Mutual Fund
You can consider some of the following factors to make the best investments in mutual funds:
Experience of fund managers
Your mutual fund investment will be in the hands of a fund manager. Thus, the competence of the fund manager is vital for the success of your investment. Check the manager’s track record and qualifications before investing in a scheme.
You can check the performance of Sankaran Naren, the Chief Investment Officer of ICICI Prudential Mutual Fund. Currently, he oversees some of the best-performing schemes of the AMC.
Past Performance
The past performance of a scheme will help you evaluate its potential. If a scheme has generated good returns consistently in the past, you can reasonably expect that it will do so in the future as well. You can compare the past performance of different schemes to see which suits your goals the best.
The ICICI Prudential Bluechip Fund Growth has given returns of 19.62% over the past 3 years.
Investment duration
ICICI Prudential Mutual Fund offers different schemes suitable for different investment durations. While some instruments are best for long-term investment, others are meant for short-term investment. Your investment duration must be based on your goals and preferences. Choose a fund based on your goals.
Assets under Management
AUM refers to the market value of all the assets managed by a mutual fund house. The greater the number, the more popular the fund house and the better its track record. However, smaller-sized funds have more flexibility in capitalising on market opportunities.
As of 31 January 2024, the AUM of ICICI Prudential Mutual Fund stood at Rs. 6.9 lakh crore.
Expense ratio
ICICI Prudential Mutual Fund charges the expense ratio for the management of its mutual funds. This is the total fee charged by an AMC for managing a mutual fund. You can make more profits if the expense ratio is low.
Compare the returns and expense ratios offered by mutual funds from different AMCs to choose the right investment for your needs. You can use INDmoney’s ICICI Prudential Mutual Fund SIP Calculator to check your expected returns and how much you need to invest to reach your target.
How to Start Investing in ICICI Prudential Mutual Funds with INDmoney
After you have understood how ICICI Prudential Mutual Funds are, it is time for you to start your investment process with INDmoney. Below are some simple steps to follow to start your mutual fund's investment journey with us.
Step 1:
Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).
Step 2:
Once your Free investment account is ready, you can either search for a ICICI Prudential mutual fund or go to the mutual fund section.
Step 3:
Choose any ICICI Prudential Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUM, Expense ratios and underlying stocks and sectors.
Step 4:
You can choose to set up SIP in any ICICI Prudential Mutual Funds or even invest as lumpSum. Once you are on the individual ICICI Prudential mutual Fund page click from the bottom “One-time” for lump sum investment or “SIP” for systematic investment plan.
Step 5:
Choose the amount that you want to invest as SIP or LumpSum.
Step 6:
Set up payments. If you choose to set up SIP in any ICICI Prudential mutual funds, you can do a free automatic pay set up via bank mandate or UPI. If you choose to invest in lumpsum (one-time) then you can pay via UPI, netbanking, NEFT or RTGS.
Frequently asked questions
You can calculate the Daily/ Weekly/ Monthly/ Quarterly SIP Amount for all ICICI Mutual Funds using INDMoney’s ICICI SIP Calculator
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are the five top-performing mutual funds of ICICI Prudential
SEBI regulates all AMCs in India including ICICI Prudential Mutual Fund which ensures security from fraud. Concerning your investments, you must remember that mutual fund investments are subject to the risk of losses. The risk varies across schemes.
Yes, you can invest in ICICI Prudential Mutual Fund through the INDmoney app. Once you have logged in, check the various mutual funds available and invest via SIP or lump sum.
ICICI Prudential Mutual Fund offers many mutual fund schemes. While some are good for short-term investment, others are best for long-term investment. You must study the scheme-related documents to decide if a scheme is good for short-term investment.
The taxation rate depends on the type of scheme you invest in and the duration of your investment. Accordingly, either short-term capital gains tax or long-term capital gains tax will be charged.
You can get the ICICI mutual fund statement by visiting the company’s online portal. You can also get your mutual fund statement from the INDmoney app.
You must consider the following factors before investing in a mutual fund:
- Experience of the fund manager
- Past performance of the fund
- AMC’s reputation
- Your risk appetite
- Investment horizon
- Portfolio of the scheme
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