The AMC industry has remained virtually unaffected by small disruptions. It has continued to flourish despite SEBI allowing the launch of high-risk funds. The industry in general and ICICI Prudential mutual fund schemes in particular have done well in this context.
ICICI Prudential has some tailored investment products lined up for investors. Mutual fund schemes like the Blue-chip fund and Infrastructure fund have given excellent returns. They have piqued the interest of new and old investors alike. Its SIP mutual fund calculator is also fairly accurate.
Let’s take a look at the best-performing ICICI Prudential mutual fund schemes in this article and see the investment benefits for ourselves. But let’s learn a little more about the fund house that manages these high ROI schemes.
About ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is the second-largest asset management company in India after SBI Mutual Fund. It’s a joint venture between ICICI Bank and Prudential Plc. The latter provides insurance services across Asia and Africa.
Here are the main things to know about the fund house:
- The AMC has an investor base of 99 lakh as of 31st March 2024.
- The total AUM is more than ₹7,20,000 crore
- It has more than 129 mutual fund schemes in its fold
Who heads the ICICI Prudential Mutual Fund?
Nimesh Shah has been the MD and CEO of asset management firm, ICICI Prudential mutual fund since 2017. The fund house has performed really well under his leadership.
- The AUM (asset under management) has consistently grown over the years.
- The company became India’s top mutual fund house under Shah’s capable leadership.
- He was named the Best Asset Management CEO in India in 2017 by Global Banking and Finance Review.
- Shah is also a director of the trade body AMFI (Association of Mutual Funds Industry)
List of top-performing MF schemes under ICICI Prudential Mutual Fund
Here are some of the best mutual fund investment schemes offered by ICICI Prudential mutual fund. These schemes have been chosen based on their asset size and their performance over a relatively longer period.
1. ICICI Prudential Bluechip Fund
- AUM: ₹55,459.29 Cr
- NAV: ₹101.64 (as of 24th June, 2024)
- Minimum investment: ₹100
- Risk: Very High
- 5Y return: 18.88%
2. ICICI Prudential Balanced Advantage Fund
- AUM: ₹56,750.35 Cr
- NAV: ₹67.13 (as of 24th June, 2024)
- Minimum investment: ₹500
- Risk: High
- 5Y return: 13.30%
3. ICICI Prudential Infrastructure Fund
- AUM: ₹5034 Cr
- NAV: ₹187.65 (as of 24th June, 2024)
- Minimum investment: ₹5000
- Risk: Very High
- 5Y return: 28.98%
4. ICICI Prudential Equity and Debt Fund
- AUM: ₹35,122.02 Cr
- NAV: ₹354.87 (as of 24th June, 2024)
- Minimum investment: ₹ 5000
- Risk: Very High
- Annual return: 21.21% (those who held for at least 5 years)
5. ICICI Prudential Small Cap Fund
- AUM: ₹7795 Cr
- NAV: ₹96.44 (as of 24th June, 2024)
- Minimum investment: ₹ 5000
- Risk: Very High
- 5Y return: 27.83%
6. ICICI Prudential Midcap Fund
- AUM: ₹6063.30 Cr
- NAV: ₹288.35 (as of 24th June, 2024)
- Minimum investment: ₹5000
- Risk: Very High
- 5Y return: 25.10%
7. ICICI Prudential Large and Midcap Fund
- AUM: ₹13,420.35 Cr
- NAV: ₹915.16 (as of 24th June, 2024)
- Minimum investment: ₹5000
- Risk: Very High
- 5Y return: 22.92%
Benefits of investing in ICICI Prudential Mutual Fund schemes
ICICI Prudential mutual fund schemes owe their success to several factors. From bold leadership and experience to a reliable SIP mutual fund calculator, the benefits of investing are quite large.
1. Seasoned fund managers
The fund house is managed by India’s top investment bankers and finance professionals. It has touched great heights under the able leadership of S. Naren and Nimesh Shah.
2. Good returns
The AMC has given consistently high returns to investors and the above scheme breakdown is proof of this. Investors with a disciplined five-year investment have got the most out of these schemes.
3. Proven track record
The AMC has a proven track record of running high-return mutual fund investment schemes. The company runs more than 100 mutual fund schemes and it has a vast experience in asset management.
4. Trusted fund house
ICICI Prudential Mutual Fund is a trusted AMC. About 10 million users have benefitted from investing in their investment products. These mutual fund schemes have helped them create long-term wealth.
Key Takeaway: Which ICICI Prudential MF scheme should you choose?
ICICI Prudential mutual fund offers you a wide variety of investment schemes. You can invest a minimum of ₹100 in SIP or invest a lump sum amount if you want. The AMC’s SIP mutual fund calculator is also quite trustworthy and gives you close to accurate information on your actual returns spread over a period of time. Consult a financial expert to figure out which investment scheme meets your financial needs the best.
