ICICI Prudential Mutual Fund – Review, Fund managers, KYC Process, Fees, Best Funds & more

Ideally, back in 1998, the ICICI Prudential Mutual Fund AMC was established. It is a joint venture between ICICI Bank and Prudential Plc financial services firm.

The fund seems to have a lot of experience with its sponsors and parent company. To become one of the leading AMC’s in India, it offers a perfect mix of resources and expertise.

Across equity and debt, the fund provides a plethora of options.

About ICICI Prudential Mutual Fund

One of India’s top 2 largest asset management companies is ICICI Prudential mutual fund. Besides being the oldest, the fund is also one of the most profitable funds.

Almost all the offerings of the funds have an AAA rating. In simple terms, you can say that the fund is reliable and confident.

Above all, you need to know that the prudential group is one of the most influential insurance companies. Besides that, it is also the oldest.

In setting up the CRISIL system in India, ICICI Prudential mutual fund has played a significant role. Well, a CIBIL score speaks about the creditworthiness of an individual.

On the other hand, the CRISIL score talks about the mutual fund’s health in India. As per recent statistics, we can say that the fund manages assets of at least 3.2 lakh crore.

The fund is growing at an incredible pace, and also it has some of the most fantastic fund managers.

The fund has its headquarters in Mumbai, and it offers a plethora of mutual funds to meet the requirements of all types of budgets.

With ICICI Prudential mutual fund, you can start lump sum or SIP as per your goals.

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How to Invest in ICICI Prudential mutual fund?

You can follow these steps to invest in ICICI Prudential mutual fund:

• Firstly login into your existing account.
• Then Upload the identity proof copy under the government of India, it can be anything under the government including the PAN card, Voter ID, passport, etc.
• Then you need to update your verification document online. Whatever speaks about your permanent address you can add that.
• After submitting the documents select the fund as per your preference, you can choose medium term, short term, or long term goals as per your risk type.
• Lastly, from the available funds you can choose any fund.
• You need to select any suitable fund then depending on the criteria.
• From two options, you must invest in one time only if you have a lump sum; or you are free to choose any SIP option, as it is always available.
• You can start your investment just in few clicks.

Why invest in ICICI Prudential mutual fund?

• The best part of the ICICI Prudential mutual fund is that it has a strong market reputation.
• Additionally, the fund offers fantastic investment opportunities to meet all risk taking appetite.
• To generate good returns for investors, the company employs the best fund managers who have a lot of experience.
• You don’t need to stress when it comes to investing in this fund because ICICI bank sponsors the fund. It is also the largest sector bank in the company.
• Hence the company comes in the biggest names in the financial market of the UK, which is a safe reason to invest.

ICICI Prudential AMC – Fund Managers

Here are the top fund managers of ICICI Prudential AMC –

Mr. Sankaren Naren

Currently, Mr. Sankaren Naren is the chief investment officer of the ICICI Prudential mutual fund. Across his spectrum of serving the industry, he has served a plethora of high profile clients.

He brings an extensive repertoire to this mutual fund because Mr. Naren has a vast experience in several niches of the equity market.

As of now, he manages two highest-profile funds. These funds are in the top funds in the market.

Mr. Mrinal Singh

Currently, Mr. Singh is the deputy chief investment officer, and he manages equity at ICICI Prudential mutual fund. Across all the niches, he has got a lot of experience, including financial services and IT.

Also, he holds specialization in both Indian derivatives and securities market. Additionally, Mr. Singh is known for turning around a plethora of blue-chip stocks of ICICI Prudential.

Mr. Rahul Rai

Currently, Mr. Rai is the executive vice president at Prudential mutual fund. Besides this, he also heads the real estate business here.

For over 24 years now, he holds expertise in the investment and securities sector. Also, he is a former senior executive at Ernst and Young.

How to do a KYC check of the ICICI Prudential mutual fund?

One-time customer check process is what you can say is KYC, and for all investors it is compulsory who are planning to invest in this fund. As per SEBI guidelines none of the investors can avoid.

Before investing here, you need to do your KYC check. It is especially important for investors investing for the first time. Additionally, at the fund house or any KYC registration hub you can do the process.

Furthermore, by visiting the official site of the company you can do your KYC. Fill in your personal details that’s all you need to do.

You can verify the same by entering Aadhar linked mobile number, where you will get an OTP. Finally, you can update the self -attested copies of the document such as identity proof.

Documents required for ICICI Prudential mutual fund

The list of documents is:

• Identity proof: Here you need to submit your Passport, Driving License, Aadhaar Card and PAN Card.
• Address proof: Here you can submit your Passport, Recent Utility Bill, Rental/Lease Agreement, Aadhar Card and Driving License.

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Fees or charges ICICI Prudential Mutual Fund

Be it any fund including ICICI Prudential Asset Allocator Fund (FOF) – Growth – Direct Plan or ICICI Prudential Banking & PSU Debt Fund – Growth – Direct Plan, you need to remember only one thing.

The minimum investment value is Rs.5000 irrespective of the fund type. For any of the funds the entry load is not available. But 1% is the maximum exit load for all. 

Best performing ICICI Prudential Mutual Funds

Details of Best Performing ICICI Mutual Funds

After looking at the plethora of funds under the table, one thing is for sure the ICICI Prudential Technology Fund is unbeatable.

No doubt the fund is the riskiest of all, but at the same time, it offers a maximum return of 66.00%.

Well, if you are okay with moderately high risk, then ICICI Prudential Regular Gold Savings Fund is perfect for you. The return here is 28.90%.

ICICI Prudential Short Term Fund is an excellent choice for investors who are not willing to make many decisions. It is because the fund offers a decent return of 11.40%.

On the flip side, if you are ready to take more risk, then we have more options for you, that is, ICICI Prudential Constant Maturity Gilt Fund. 13.70% is the return available here.

Lastly, if you are not willing to take any risk, then ICICI Prudential Ultra Short Term Fund is your best bet.

It is mainly because the fund type is debt so that you can earn returns regularly. Besides that, even if the making is just 7.20%, you can have some peace of mind.

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Top 10 ICICI Prudential AMC:

One thing you must know is that you can expect higher returns with long-term investment Irrespective of the fund type you choose to invest in.

If you want to earn significant returns in both the three-year and five-year plan, you can invest in ICICI Prudential All Seasons Bond Fund – Growth – Direct Plan.

If you are planning to invest just for one year, then ICICI Prudential Bharat Consumption Fund – Series 2 – Cumulative – Direct Plan is your best bet. It is because it offers a 24.82% one year return.

ICICI Prudential Asset Allocator Fund (FOF) – Growth – Direct Plan is perfect for you if you have three years goal plan. On an investment of 3 years, the fund offers a 32.53% return.

If you are looking for a long term investment for about five years, then ICICI Prudential Banking & PSU Debt Fund – Growth – Direct Plan is ideal for you.

It offers a 51.4% return on five years of investment.

Best ICICI Prudential AMC Funds

ICICI Prudential Floating Interest Fund – Growth – Direct Plan is your best bet having a market value of 21513.59cr in terms of market value. 

If you are looking for a debt fund, then you can go for ICICI Prudential Equity & Debt Fund – Growth – Direct Plan. It has a market value of RS.4500.44cr.

ICICI Prudential Mutual Fund Schemes NAV

If you are looking for the highest paying NAV, then ICICI Prudential Asset Allocator Fund (FOF) – Growth – Direct Planis your best bet. You can expect a range of 69.62 to 45.53 irrespective of 52 weeks high or low.

ICICI Prudential Banking & PSU Debt Fund – Growth – Direct Plan is perfect for investors who wish to invest in debt. 

You can choose ICICI Prudential Balanced Advantage Fund – Growth – Direct Plan if you wish a balanced fund.

ICICI Prudential Customer Care Details

You can visit the address of the AMC that is One BKC, A – Wing 13th Floor, Bandra Kurla Complex, Bandra (East) Mumbai – 400 05 if you are in doubt.

You can also connect with the professionals on call official number +91 (22) 2652 5000. Fax on number +91 (22) 2652 8100 as fax facility is available.

ICICI Prudential- Important Links

ICICI Prudential Mutual Fund AMC – Conclusion

You can always choose ICICI prudential fund because it is one of the most popular funds in India in terms of AMC.

So you don’t need to stress anything at all. Additionally, even if you don’t have much knowledge, you can surely ask the experts.

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