ICICI Prudential Mutual Fund NAV And Scheme Details
ICICI Prudential Mutual Fund are one of the premier fund houses in the country offering schemes across various asset classes, such as equity, debt, hybrid, solution oriented, etc. The fund house is managed by ICICI Prudential Asset Management company, which was founded in 1993 as ICICI Asset Management Company. Later in the year 1998,
ICICI Prudential Asset Management Company was established as a joint venture between ICICI Bank and Prudential Plc. At present, AMC has an investor base of 7.4 million and a reach across more than 350 locations. ICICI Mutual Fund focuses on long-term wealth creation and bridging the gap between savings and investments.
Top 5 ICICI Prudential Mutual Funds
Let us explore ICICI Prudential Mutual Fund NAVs and scheme details of some of the best ICICI Mutual Fund schemes
- ICICI Prudential Blue-chip Fund – The fund is an open-ended equity scheme that invests in large cap companies to generate long-term capital appreciation and income distribution. As the name suggests, the large cap companies are blue chip stocks which are best performing in their sector. The investment horizon for this scheme is 5 years and above.
Fund Facts
| Type of Scheme | Open-ended Equity Scheme in Large cap stocks |
| Investment Objective | Long Term Capital Appreciation |
| Benchmark | Nifty 100 Index TRI |
| Min SIP Amount | Rs. 100 |
| NAV(Rs) | Growth – Rs. 64.19 IDCW – Rs.26.75 – Regular plan
Growth – Rs. 69.02 IDCW – Rs. 44.27 – Direct plan |
| Returns | Since launch 5 Yrs 3 yrs 1 yr |
| 15.06% 15.34% 18.87% 57.59% | |
| AUM | Rs 31081.90 crore |
| Expense Ratio | Regular Plan- 1.73%, Direct Plan- 1.09% |
| Fund manager | Anish Tawakley, Rajat Chandak, Vaibhav Dusad |
- ICICI Prudential Flexicap Fund – The scheme, launched on July 21, identifies and invests across market caps based on an in-house market cap model. The stocks are picked on the basis of company fundamentals and valuations identifying opportunities in a particular segment. The large, mid and small cap allocation is revised and rebalanced periodically.
Fund Facts
| Type of Scheme | Open-ended Dynamic Equity Scheme in large cap, mid cap & small cap stocks |
| Investment Objective | Long Term Capital Appreciation |
| Benchmark | S&P BSE 500 TRI |
| Min SIP Amount | Rs. 100 |
| NAV(Rs) | Growth – Rs. 10.57 – Regular plan
Growth – Rs. 10.64 – Direct plan |
| AUM | Rs 11493.08 Cr. |
| Expense Ratio | Regular Plan- 1.76%, Direct Plan- 0.16% |
| Fund manager | Rajat Chandak |
- ICICI Prudential Balanced Advantage Fund – It is a dynamic asset allocation scheme that works on the principle of ‘Buy Low, Sell High’. ICICI Balanced Advantage Fund is a hybrid fund having both equity and debt allocation. The dynamic asset allocation has several benefits like no exit loads, tax efficient, daily rebalancing of portfolio and no paperwork.
Fund Facts
| Type of Scheme | Open-ended Dynamic Asset Allocation Scheme |
| Investment Objective | Long Term Capital Appreciation/Income |
| Benchmark | CRISIL Hybrid 50+50 – Moderate Index TRI |
| Min SIP Amount | Rs. 100 |
| NAV(Rs) | Growth – Rs. 48.63 IDCW – Rs.16.65 – Regular plan
Growth – Rs. 53.07 IDCW – Rs. 23.24 – Direct plan |
| Returns (Direct-Growth Plan) | Since launch 5 Yrs 3 yrs 1 yr |
| 11.32% 11.05% 14.06% 27.94% | |
| AUM | Rs 36815.96 Crore |
| Expense Ratio | Regular Plan-1.69%, Direct Plan- 1.00% |
| Fund manager | Sankaran Naren, Rajat Chandak, Ihab Dalwai, Manish Banthia, Ritesh Lunawat, Sri Sharma |
- ICICI Prudential Long Term Equity Fund – This scheme invests in equity with a tax saving advantage. It provides tax benefits under section 80 C of the Income Tax Act. It offers twin benefits of wealth creation and tax saving.
Fund Facts
| Type of Scheme | Open ended Equity Linked Saving Scheme with a 3 year statutory lock in and tax benefit |
| Investment Objective | Long Term Capital Appreciation |
| Benchmark | NIFTY 500 Index TRI |
| Min SIP Amount | Rs. 500 |
| NAV(Rs) | Growth – Rs. 590.27 IDCW – Rs. 23.29- Regular plan
Growth – Rs. 640.28 IDCW – Rs. 37.21- Direct plan |
| Returns | Since launch 5 Yrs 3 yrs 1 yr |
| 20.28% 14.37% 20.24% 65.63% | |
| AUM | Rs 10116.26 Crore |
| Expense Ratio | Regular Plan-1.95%, Direct Plan- 1.17% |
| Fund manager | Harish Bihani |
- ICICI Prudential Regular Savings Fund – It is a conservative hybrid scheme with 75% investment in debt instruments and the remaining is invested in equity. It generates long-term capital appreciation and accrual income from a portfolio.
Fund Facts
| Type of Scheme | Open-ended hybrid scheme investing in debt instruments |
| Investment Objective | Medium to Long Term Regular Income |
| Benchmark | NIFTY 50 Hybrid composite Debt 15:85 Index |
| Min SIP Amount | Rs. 100 |
| NAV(Rs) | Growth – Rs. 55.1907 IDCW – Rs. 12.5119- Regular plan
Growth – Rs. 59.1111 IDCW – Rs.16.0394 – Direct plan |
| Returns | Since launch 5 Yrs 3 yrs 1 yr |
| 8.38% 8.21% 9.17% NA | |
| AUM | Rs 3384.32 Crore |
| Expense Ratio | Regular Plan-1.73% Direct Plan- 0.84% |
| Fund manager | Rajat Chandak, Manish Banthia |
Systematic Withdrawal Plan for Smart Investing
As you know, SIP is a way to make regular small investments, SWP is exactly opposite of SIP. It allows you to withdraw a predetermined amount at a fixed interval from your investments in mutual funds. It is a good option for
- Regular cash flow by generating income through your mutual fund investments.
- Growing your surplus money.
- It is useful in retirement planning.
- SWP provides tax efficiency as it has no TDS on capital gain, so a high tax bracket investor opts for SWP to save tax.
ICICI Prudential Mutual Fund offers an SWP facility with many of its mutual fund schemes. Thus, mutual fund investments are not just meant for capital appreciation but are a source of regular income and give tax benefits as well.
