ICICI Prudential Mutual Fund is offered by ICICI Prudential Asset Management Company which is one of the prominent asset management company in India. The company is a joint venture between ICICI Bank of India and Prudential Plc of UK and was established in 1998. It aims to bridge the gap between savings and investments in order to build up long-term wealth and value for investors through innovation, continuity and sustained risk-adjusted performance.

Investors who wish to invest in ICICI Prudential Mutual Fund schemes should have long term and short term financial goals so as to derive better consistent returns over a predetermined time frame.

Features of ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund offers the following benefits to its investors :

  • Risk Diversification:Investors can spread their risk by investing in a combination of equity and debt securities.

  • Liquidity:Investors can either withdraw partially or fully as per their own requirements.

  • Transparency:Investors need to be aware of where the invested money exactly goes.

  • Low cost:There is no entry load applicable while investing in mutual fund.

  • Professional management:Investors get the benefit of knowledge and experience of professionals in managing their funds.

  • Tax efficient:Investors have the opportunity of availing the tax benefits by investing in equity and debt funds.

  • Flexibility:Investors may have the flexibility of switching their investment amount from one fund to another fund.

Minimum Investment and Other Criteria for ICICI Prudential Mutual Funds

Minimum Investment

SIP Monthly Option:Rs. 1000 per month

SIP Quarterly Option:Rs. 5000 per month

Minimum Application Amount

Purchase: Rs. 500- 5,000 and in multiples of Re.1/- thereafter

Additional Purchase:Rs. 1,000 and in multiples of Re.1/- thereafter

Number of Schemes

63

Exchange Listed

BSE/NSE

Nature of Scheme

Open Ended

Close Ended

Quarterly Average Assets Under Management(as on 30th June 2016)

₹ 215985.85 crore

Entry Load

Nil

Exit Load

No exit load for annual investments for ETF

For Equity Schemes

  • If the amount, sought to be redeemed or switched out, is invested for a period of upto 18 Months – 1%

  • If the amount, sought to be redeemed or switched out, is invested for a period of more than 18 Months from the date of allotment – Nil.

For Balanced/Hybrid Schemes

  • If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 10% of the units within 1 Year from the date of allotment – Nil.

  • If units purchased or switched in from another scheme of the Fund are redeemed or switched out more than 10% of units within 1 Year from the date of allotment - 1% of applicable Net Asset Value (NAV)
    of the applicable Net Asset Value (NAV).

  • If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year from the date of allotment - NIL.

For Debt Schemes

  • If the amount sought to be redeemed or switched out is invested for a period of upto 6 months from the date of allotment – 1%

  • If the amount sought to be redeemed or switched out is invested for a period of more than 6 months from the date of allotment - Nil

For Fund of Fund Schemes

Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year - Nil

ICICI Prudential Mutual Fund Schemes

ICICI Prudential Mutual Funds offers its customers a broad array of funds to choose from which are divided into the following types.

  • Equity Funds:Equity funds offered by ICICI Prudential invest directly in the stock markets. It aims to provide the potential for high growth and returns with medium to high risk by investing in shares. Such schemes are managed either actively or passively through index funds and are ideal for those investors who have a long-term investment horizon.

  • Balanced Funds:These funds endeavour to bridge the gap between equity and debt schemes. The portfolio composition of this fund is made up of a mix of equity stocks and bonds and that will accommodate those investors who are looking for a debt plus returns with higher levels of risk as compared to fixed income schemes.

  • Debt Funds:These funds are designed to invest in bonds and other debt instruments. They are primarily meant for wealth building purposes while preserving the initial investment. These funds are suitable to those who wish to maximize their current income assuming low to moderate risk levels.

  • Fund of Funds:These funds are meant to invest in other mutual funds, and is designed to accommodate the varied needs of different categories of investors depending upon their risk appetite, return expectations, and investment goals. It gives the benefit of diversification to investors by investing across a variety of fund categories.

  • Exchange Traded Fund:The exchange traded funds are instruments that track an index, a commodity or a basket of assets very closely as possible and trade like shares on a stock exchange. These instruments are backed by physical holdings of the commodity and invest in stocks of companies, currencies, and precious metal. The advantage of these funds is the flexibility to buy and sell the units throughout the day on an exchange.

Top Performing Mutual Funds

Funds

NAV(in ₹)

1-Year Return

AUM (in ₹ Crores)

Expense Ratio

Entry Load

ICICI Prudential Banking and Financial Services Fund -Growth

42.81

25.95%

1224.66

2.49%

NIL

ICICI Prudential Advisor Series - Dynamic Accrual Plan -Growth

25.44

11.60%

23.58

0.57%

NIL

ICICI Prudential Advisor Series - Dynamic Accrual Plan -Dividend

25.44

11.60%

23.58

0.57%

NIL

ICICI Prudential Annual Interval Plan II – Growth

21.99

10.89%

2.23

0.10%

NIL

ICICI Prudential Capital Protection Oriented Fund - Series IX - 1101 Days - Plan A -Growth

10.85

8.17%

199.74

2.12%

NIL

ICICI Prudential Annual Interval Plan I – Growth

17.18

7.89%

23.20

0.27%

NIL

ICICI Prudential Annual Interval Plan III Retail-Growth

20.74

7.71%

6.38

0.68%

NIL

ICICI Prudential Annual Interval Plan IV Retail-Growth

20.68

7.54%

30.06

1.02%

NIL

ICICI Prudential Annual Interval Plan IV Retail-Dividend

11.74

7.54%

30.06

1.02%

NIL

ICICI Prudential Capital Protection Oriented Fund - Series VII - 1284 Days - Plan E -Growth

11.06

6.23%

34.97

2.24%

NIL

Note:Information sourced as on 6th January, 2017

ICICI Prudential Mutual Fund SIP

Nobody likes to invest the entire amount in their mutual fund schemes. There are different plans offered by mutual fund companies. One such is Systematic Investment Plan(SIP) where investors have the convenience to invest a stipulated amount at regular intervals towards a particular scheme. An investor gets an opportunity for building their wealth in a disciplined manner over a long time period by investing in ICICI Prudential Mutual Fund SIP. You need to block a fixed amount at a specified time period with an emphasis of deriving potential returns in contrast to a one-time investor. The main advantage of investing in ICICI Prudential Mutual Fund SIP is obtaining an average of rupee cost as a consistent investment in order to ensure that average cost per unit accommodates in the lower range of average market price.

You can start investing in SIP once you start earning. Investing a specified portion of income assists you in meeting the broader expenses at later stages of life. You may also get the benefit from the power of compounding here which offers you a great potential in building up your wealth. With the help of ICICI Prudential SIP, you can minimize the volatility impact over the return. It is a favourable choice to be considered when you are aware of the future value of your invested money for a prescribed time period at an expected rate of interest.

ICICI Prudential Mutual Fund Statement

Now you can easily track your investments through ICICI Prudential Mutual Fund Statement. Get the accessibility of all your investments at one place. You can also choose Pru Tracker, a web- based tool of ICICI Prudential Mutual Fund which allows you to manage your investments at your convenience from anywhere. All you need is to register your email ID in the folios across funds on the website of ICICI Prudential Mutual Fund and generate a consolidated PDF account statement at your registered email address. You can also view this consolidated account statement directly on the Pru Tracker by filling the details such as date, email account, PAN number, password and obtain the statement type either summarized view or detailed one whichever way you like. In this manner, you will get a better picture of all your investments.

With respect to SEBI guidelines, with effect from October 1, 2011, every investor will get a confirmed intimation regarding the specified units allotted via email and/or SMS within 5 Business days of the initial investment transaction to the Unitholders upon successful completion of their registration formalities such as email address and/or mobile number.

ICICI Prudential Mutual Fund Common Application Form

Start investing in ICICI Prudential Mutual Fund by filling up the common application form. You simply have to fill the following details as required herewith :

1. Your name along with the residential address.

2. If you are an NRI applicant, specify your overseas address and proof to mention is mandatory.

3. Bank details are obligatory and should be accurately mentioned.

4. Attach any of the compulsory documents such as proof of KYC compliance/acknowledgment wherever required.

5. Mention your PAN details

6. Specify the mode of holding i.e. Single/Joint/Either

7. Signature of all the applicants is a compulsory thing

8. For minor details, consider the below-mentioned details to be attached:

  • Date of birth with proof

  • Name of the guardian(either the natural guardian or court-appointed legal guardian)

  • Proof of guardian's relationship with the minor

  • Signature of the guardian

9. Write down your scheme name in the application form, and select the Plan i.e. Regular and Option as of Growth/Dividend(For dividend option both Reinvestment or Payout options are available).

ICICI Prudential Mutual Fund Customer Care

Feel free to call at the desk of ICICI Prudential Mutual Fund Customer Care regarding your doubts, suggestions, inquiries or any grievance relating to any of the ICICI Prudential Mutual Fund Schemes. Contact Toll-free number: 1800 222 999 (BSNL/MTNL) and 1800 200 6666 (other service providers) and get it resolved.

 

DISCLAIMER - Mutual Fund investments are subject to market risks. Please read all the scheme related documents carefully before investing.