ICICI Prudential Mutual Fund : Latest MF Schemes, NAV, Performance & Returns 2024AMCICICI Prudential Mutual Fund : Latest MF Schemes, NAV, Performance & Returns 2024

ICICI Prudential Mutual Fund : Latest MF Schemes, NAV, Performance & Returns 2024

ICICI Prudential Mutual Fund : Latest MF Schemes, NAV, Performance & Returns 2024


ICICI Prudential Mutual Fund, a leading name in India’s asset management sector, holds a remarkable position as one of the country’s largest Asset Management Companies. Established in 1993 through a collaborative venture between ICICI Bank and the globally renowned Prudential Plc, this mutual fund has grown to be a pillar of reliability and excellence in the financial world. Its offerings, predominantly rated “AAAmfs”, reflect a high level of trust and stability in its operations.

ICICI Prudential Mutual Fund : Latest MF Schemes, NAV, Performance & Returns 2024

The legacy of ICICI Prudential is deeply intertwined with the evolution of financial assessment systems in India, playing a pivotal role in the establishment of the CRISIL rating system. Similar to how a CIBIL score evaluates an individual’s creditworthiness, CRISIL scores are instrumental in gauging the health of mutual funds in the country.

As of September 30, 2018, ICICI Pru Mutual Fund, as it is also referred, had an impressive Average Assets Under Management (AAUM) of Rs 468196.92 Crore. This growth trajectory continued, and by september 2023, the fund managed assets exceeding Rs. 5.25 Lakh Crore. The fund’s success can be attributed to its skilled team of fund managers and its rapid growth pace. Operating under the stewardship of the trustees of the ICICI Prudential Trust Ltd, the mutual fund has surpassed three decades of operations.

Headquartered in Mumbai, ICICI Prudential Mutual Fund offers a diverse portfolio of funds, catering to various socioeconomic groups. Its user-friendly approach allows investors to either deposit a lump sum or start a Systematic Investment Plan (SIP) through platforms like Groww, with minimal documentation and quick processing times.

In a strategic move aligning with regulatory norms, the Prudential Group is planning to reduce its stake in the mutual fund. The proposed sale of a 3.7% stake is aimed at adjusting its shareholding pattern to fall below the 25% threshold, as mandated by the Securities and Exchange Board of India (SEBI) regulations. This step reflects the group’s commitment to adhering to regulatory standards while continuing to focus on its core mission of financial excellence and customer trust.

Best ICICI Prudential Mutual Fund Leading MF Schemes 2024

Fund NameNAV Net Assets (Cr)Min InvestmentMin SIP Investment3-Month Return (%)6-Month Return (%)1-Year Return (%)3-Year Return (%)5-Year Return (%)2022 Return (%)
ICICI Prudential Nifty Next 50 Index Fund Growth₹45.10282,9915,00010012.218.517.11712.90.1
ICICI Prudential Banking and Financial Services Fund Growth₹106.276,7405,0001004.311.614.51812.411.9
ICICI Prudential MIP 25 Growth₹64.17553,2815,0001002.
ICICI Prudential Long Term Plan Growth₹32.47311,4275,0001001.
ICICI Prudential Equity and Debt Fund Growth₹30226,1835,0001006.91823.22619.111.7
ICICI Prudential US Bluechip Equity Fund Growth₹54.212,5545,0001003.85.120.712.415.7-7.1
ICICI Prudential Bluechip Fund Growth₹85.9141,2695,0001007.217.720.420.516.56.9
ICICI Prudential Gilt Fund Growth₹90.31534,3795,0001,0001.
ICICI Prudential Savings Fund Growth₹481.91922,5405001001.
ICICI Prudential Global Stable Equity Fund Growth₹23.481095,0001,0001.82.97.510.39.43.2
Best ICICI Prudential Mutual Fund Leading MF Schemes 2024

Key information

Mutual fund nameICICI 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 OfficerMs. Supriya Sapre
Key information

Overview of Important ICICI Prudential Mutual Fund Schemes 2024

In addition to the top-performing funds, ICICI Prudential Mutual Funds offers a diverse portfolio of other significant funds, each catering to specific investment needs and goals. Here’s an overview:

ICICI Prudential BHARAT 22 FOF Direct Growth:

This unique fund, falling under the ‘Other’ category, has shown remarkable performance with annualized returns of 39.92% over 3 years and 20.12% over 5 years. It’s an attractive choice for investors looking for exposure to a variety of sectors. The minimum investment starts at ₹5,000 for a lump sum and ₹1,000 for SIPs.

ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth:

Designed for retirement planning, this Solution Oriented fund requires a minimum investment of ₹5,000 for lump sum and ₹100 for SIPs. It’s an excellent choice for long-term investors focusing on wealth accumulation for post-retirement life.

ICICI Prudential Value Discovery Direct Growth:

Under the Equity category, this fund has shown robust performance with 28.02% returns over 3 years and 21.62% over 5 years. Investors can start with a minimum of ₹1,000 for lump sum investments or ₹100 for SIPs, making it accessible for a wide range of investors.

ICICI Prudential India Equity FOF Direct Growth:

Another fund in the ‘Other’ category, it requires a minimum investment of ₹500 for a lump sum and ₹100 for SIPs. This fund is ideal for investors looking to diversify their portfolio across various equity funds.

ICICI Prudential Equity & Debt Fund Direct Growth:

This Hybrid fund offers a balanced mix of equity and debt, with annualized returns of 27.04% over 3 years and 20.01% over 5 years. The minimum investment is ₹5,000 for lump sum and ₹100 for SIPs, suitable for investors seeking both growth and stability.

ICICI Prudential Multi Asset Fund Direct Growth:

With an annualized return of 25.84% over 3 years and 19.38% over 5 years, this Hybrid fund allows a minimum investment of ₹5,000 for lump sum and ₹100 for SIPs. It’s ideal for those seeking exposure across multiple asset classes.

ICICI Prudential Bluechip Fund Direct Growth:

Part of the Equity category, this fund has consistent returns of 21.47% over 3 years and 17.62% over 5 years. With a minimum investment as low as ₹100 for both lump sum and SIP, it’s accessible to all investor types, especially those favoring large-cap stocks.

Fund Categories

Top Equity Mutual Funds of ICICI Prudential Mutual Fund 2024

RankScheme NameLaunch DateCategory1-Year Return (%)CRISIL RankNAV (as of Dec 15, 2023)
1ICICI Prudential Multi Cap Fund DirectSept 22, 2023Multi-Cap17.40N.A.100.00
2ICICI Prudential Midcap FundJan 09, 2008Mid-Cap24.43579.27
3ICICI Prudential Value Discovery FundAug 09, 2023Value14.39N.A.103.96
4ICICI Prudential Smallcap FundMay 02, 2006Small-Cap21.18595.61
5ICICI Prudential Midcap Next 50 FundApr 12, 2023Mid-Cap14.37N.A.79.35
6ICICI Prudential Large & Midcap Value FundNov 24, 2023Large & Mid-CapN.A.N.A.N.A.
7ICICI Prudential Nifty Next 50 FundAug 14, 2015Large-Cap16.145107.70
8ICICI Prudential Bluechip FundFeb 19, 1993Large-Cap21.47586.01
9ICICI Prudential Equity Opportunities FundAug 25, 2014Mid-Cap19.90594.44
10ICICI Prudential Focused Bluechip FundDec 22, 2014Large-Cap17.55578.13
Top Equity Mutual Funds of ICICI Prudential Mutual Fund 2024

Top Debt Mutual Funds of ICICI Prudential Mutual Fund 2024

RankScheme NameCategory1-Year Return (%)CRISIL RankNAV (as of Dec 15, 2023)
1ICICI Prudential Constant Maturity Fund – 2028Short Duration Debt5.095109.14
2ICICI Prudential Banking & PSU Debt FundDynamic Bond13.445110.13
3ICICI Prudential Short Term Bond FundShort Duration Debt4.805108.57
4ICICI Prudential Gilt FundGovernment8.055108.98
5ICICI Prudential Cash Advantage FundLiquid2.825105.73
6ICICI Prudential Savings FundUltra Short Duration Debt2.845105.29
7ICICI Prudential Income Opportunities FundIncome Oriented8.955110.00
8ICICI Prudential Flexi Debt FundFlexi Debt5.02N.A.108.40
9ICICI Prudential Corporate Bond FundCorporate Debt12.785112.45
10ICICI Prudential Bond FundBond Fund9.705110.34
Top Debt Mutual Funds of ICICI Prudential Mutual Fund 2024

Top Hybrid Mutual Funds of ICICI Prudential Mutual Fund 2024

RankScheme NameCategory1-Year Return (%)CRISIL RankNAV (as of Dec 15, 2023)
1ICICI Prudential Multi Asset Value FundBalanced Hybrid13.48N.A.22.13
2ICICI Prudential Asset Allocation FundBalanced Hybrid10.725106.74
3ICICI Prudential Balanced Advantage FundBalanced Hybrid10.205106.31
4ICICI Prudential Equity Savings FundEquity-Oriented Hybrid4.00N.A.100.00
5ICICI Prudential Balanced FundBalanced Hybrid10.115106.03
6ICICI Prudential Flexi Equity FundEquity-Oriented Hybrid14.75N.A.100.00
7ICICI Prudential Multi Cap FundBalanced Hybrid17.40N.A.100.00
8ICICI Prudential Value Discovery FundBalanced Hybrid14.39N.A.103.96
9ICICI Prudential Flexible Equity FundEquity-Oriented Hybrid14.75N.A.100.00
10ICICI Prudential Equity Opportunities FundEquity-Oriented Hybrid19.90594.44
Top Hybrid Mutual Funds of ICICI Prudential Mutual Fund 2024

Top Fund Managers

ICICI Prudential Mutual Fund stands tall as a leading player in the Indian financial landscape, and at the helm of its success are talented and experienced fund managers navigating the ever-shifting market tide. Today, we take a closer look at some of the top minds driving performance and growth for investors.

Sankaran Naren

Sankaran Naren, a distinguished alumnus of IIT Madras and IIM Calcutta, has been at the helm of ICICI Prudential Asset Management Company Limited’s investment strategies as the Chief Investment Officer since 2008, and he ascended to the role of Executive Director in 2016. Naren’s illustrious career is a tapestry of high-stakes roles that have honed his acumen in the Indian securities market. His previous tenure includes leading positions at Yoha Securities and HDFC Securities Ltd. At ICICI Pru Mutual Fund, he expertly manages flagship funds, including the ICICI Prudential Top 100 Fund and the Dynamic Plan, both of which rank within the market’s top echelon.

Mrinal Singh

Mrinal Singh, who brings a rich blend of engineering and management expertise from his BE in Mechanical Engineering and postgraduate studies at SP Jain Institute of Management and Research, is the Deputy Chief Investment Officer overseeing equity at ICICI Prudential AMC. Since joining in 2008, Singh has navigated various sectors, from automotive to IT, shaping the trajectory of ICICI Prudential’s blue-chip investments and has been instrumental in the resurgence of several key stocks.

Rahul Rai

Rahul Rai, a seasoned Chartered Accountant with over two decades of immersion in the investment landscape, currently leads the Real Estate Business at ICICI Prudential Mutual Funds as the Executive Vice President. With a background that spans roles at prestigious firms like SUN-Apollo Real Estate Advisors and Ernst & Young, Rai’s expertise in taxation and real estate investment is a vital asset to the firm’s diverse portfolio.

Kayzad Eghlim

Kayzad Eghlim brings a wealth of experience in Exchange-Traded Funds (ETFs) to his role as Vice President of Investments and Senior Portfolio Manager at ICICI Prudential Mutual Fund. His tenure with the company has coincided with a significant expansion of their ETF offerings, reflecting his profound impact on the fund’s growth and innovation. Eghlim’s prior executive roles across various leading companies have equipped him with an unparalleled perspective on the ETF landscape, driving forward ICICI Prudential’s product suite with strategic finesse.

What Makes Them Tick?

These top fund managers at ICICI Prudential share some key qualities:

  • Deep Market Understanding: They possess a thorough understanding of the Indian market, its nuances, and potential triggers.
  • Proven Track Record: Their consistent performance over time instills confidence in investors.
  • Investment Philosophy: Each manager has a well-defined investment philosophy, whether it’s value investing, growth-oriented strategies, or risk-adjusted returns.
  • Research-Driven Approach: Rigorous research forms the bedrock of their investment decisions, ensuring informed choices.
  • Teamwork and Collaboration: ICICI Prudential fosters a collaborative culture, where fund managers share insights and learn from each other, leading to better decision-making.

Who Should Invest in ICICI Prudential Mutual Funds?

Investing in mutual funds is a decision that requires careful consideration, and ICICI Prudential Mutual Fund stands out as a robust option for a diverse range of investors. But who exactly should consider investing in it?

  1. Long-term Investors: Those with a long-term investment horizon will find ICICI Prudential Mutual Fund a valuable addition to their portfolio. The fund’s diverse asset allocation and proven track record in delivering consistent returns over extended periods make it an ideal choice for building wealth over time.
  2. Risk-Averse Individuals: If you’re someone who prefers a balanced approach to investing, minimizing risk while seeking reasonable returns, then this fund is for you. Its mix of equity and debt investments offers a stable investment platform, cushioning against market volatilities.
  3. Retirement Planners: For individuals planning for retirement, ICICI Prudential’s variety of fund options, including those focused on generating regular income, can be an excellent fit. The fund’s potential for steady growth aligns well with the goal of securing a financially stable retirement.
  4. First-time Investors: New to the world of investing? ICICI Prudential Mutual Fund’s range of options, from aggressive to conservative, makes it a suitable starting point. Its systematic investment plans (SIPs) are particularly beneficial for those looking to enter the market with small but regular investments.
  5. Diversification Seekers: Investors looking to diversify their portfolio will find a friend in ICICI Prudential Mutual Fund. The fund’s wide array of schemes covers various sectors and themes, allowing investors to spread their risks and capitalize on different market conditions.

How can you invest in ICICI Prudential Mutual Fund?

Investing in mutual funds offered by ICICI Prudential Mutual Fund  is a smart way to accumulate wealth for your financial goals. This can be done in a simple and convenient manner on FinPlay app.

Here are a few steps that you need to follow to invest in mutual funds with FinPlay.

  • Step 1: Download the FinPlay app and register with your mobile number.
  • Step 2: Select a mutual fund scheme of your choice.
  • Step 3: Select SIP or Lump sum mode and enter the amount of investment. Then tap on ‘Invest Now’.
  • Step 4: Enter mobile number and PAN number to get OTP. Submit OTP.
  • Step 5: Enter bank details and formality information
  • Step 5: Choose method of payment (UPI or Internet Banking) and tap “Invest Now” and make payment.


What is the last 5-year return of ICICI Prudential Mutual Fund?

ICICI Prudential Mutual Funds have demonstrated impressive returns. For instance, the ICICI Prudential BHARAT 22 FOF Direct Growth has yielded annualized returns of 20.12% over the past 5 years.

Which Prudential fund is best?

The best fund depends on your investment goals. The ICICI Prudential Bluechip Fund and ICICI Prudential Value Discovery Fund are popular choices for their consistent performance.

Which ICICI mutual fund is best to invest in right now?

Investment suitability varies per individual. Currently, the ICICI Prudential Multi Asset Fund and the ICICI Prudential Bluechip Fund are noted for their robust returns and stability.

What if I invest ₹5000 a month in SIP for 3 years?

Investing ₹5000 monthly in a SIP for 3 years can potentially yield significant returns, depending on the fund’s performance. The exact amount will vary based on the chosen fund and market conditions.

Which SIP should I invest in 2024?

For 2024, consider funds aligned with current market trends and your investment goals. ICICI Prudential’s Equity & Debt Fund and Multi Asset Fund are notable for their balanced approach.

How to Start ICICI Prudential Mutual Fund SIP Online?

Starting an ICICI Prudential Mutual Fund SIP online is straightforward on platforms like FinPlay. Simply download the app, register, choose a fund, and set up your investment amount and frequency.

How to Calculate ICICI Prudential Mutual Fund SIP?

Calculate your potential SIP returns using online calculators. Enter your monthly investment amount, tenure, and expected return rate to estimate the maturity amount.

How to Redeem ICICI Prudential Mutual Fund?

Redeeming your ICICI Prudential Mutual Fund investment can be done online. Log in to your investment account, select the fund, and proceed with the redemption process.

How to Increase SIP Amount in ICICI Prudential Mutual Fund?

To increase your SIP amount, log into your investment account, choose the SIP you want to modify, and update the investment amount.

How to Stop a SIP in an ICICI Prudential Mutual Fund Online?

Stopping a SIP online is easy. Access your account, select the SIP, and choose the option to stop or pause your SIP investments.

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