ICICI Prudential Mutual Fund
AUM
₹ 9,08,282 cr.
AMC Age
31 Years
No. Of Schemes
1067
ICICI Prudential Mutual Fund, managed by ICICI Prudential Asset Management Company, provides a variety of investment options. With strong expertise, a diverse range of funds, and a focus on consistent returns, it serves as a dependable choice for investors looking for growth and financial security.
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About ICICI Prudential Mutual Fund
- About the Fund
- Key Information
- Types Of Funds
- Charges & Fees
- Risk Factors
ICICI Prudential Mutual Fund was established in 1993 as a joint venture between ICICI Bank and Prudential PLC, a renowned UK-based global insurance company. Over the years, it has grown into one of the most prominent and profitable asset management companies in India.
Key Features
- ICICI Prudential AMC is a leading asset management company in India that offers equity, debt, hybrid, and thematic mutual funds.
- It contributed to developing the CRISIL rating system, enhancing transparency in asset management.
- Many of its funds hold ‘AAAmfs’ ratings, reflecting strong financial stability.
- While focusing on retail investors, it also offers customised solutions for HNIs and institutional investors, including real estate investments.
Documents Required
To invest in ICICI Prudential Mutual Fund, investors must complete the Know Your Customer (KYC) process and submit the required documents. Below is a list of documents based on investor type:
KYC Application Form: Completed and signed CKYC application form
In-Person Verification (IPV) – Mandatory for KYC compliance.
Bank Account Details – Canceled cheque or bank statement for linking the investment account.
Nomination Form (optional but recommended)
Proof of Identity (Any one of the following, self-attested):
- PAN Card (mandatory for investments above ₹50,000 per year)
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- NREGA Job Card (duly signed by a State Government officer)
Proof of Address (Anyone, except PAN card):
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- Utility Bills (not older than 3 months)
- Bank Account Statement/Passbook (not older than 3 months)
Investors are advised to contact ICICI Prudential Mutual Fund’s customer service or visit its official website for any modifications, redemptions, or complaints.
ICICI Prudential Mutual Fund Managers
Sharmila D'mello
Manish Banthia
Darshil Dedhia
Kayzad Eghlim
Nishit Patel
How To Invest In ICICI Prudential Mutual Fund With Choice?
ICICI Prudential Mutual Fund FAQ
The best ICICI Prudential Mutual Fund depends on your financial goals and risk tolerance. Equity funds are ideal for long-term capital growth, debt funds offer stability, and hybrid funds provide a balanced approach. With expert insights and advanced research tools, Choice FinX helps investors select funds that align with their investment strategy.
ICICI Prudential Mutual Funds are subject to taxation based on the type of investment and its holding period. Equity fund gains are taxed at 20% (short-term) and 12.5% if long-term gains exceed 1.25 lakh annually. Debt fund gains are taxed according to the investor’s income slab. ELSS (Equity Linked Savings Scheme) funds offer tax benefits under Section 80C, allowing deductions of up to 1.5 lakh per year.
To invest in ICICI Prudential Mutual Funds through Choice, investors need a PAN card, Aadhaar card, proof of identity, proof of address, and a linked bank account. Completing the KYC process is mandatory before investing. Non-individual investors may require additional documentation, which can be submitted digitally for convenience.
The minimum investment amount varies by scheme. For some funds, the minimum SIP (Systematic Investment Plan) investment starts as low as 100, while lump sum investments generally begin at 5,000, depending on the scheme. Investors should check individual fund requirements before investing.
Returns are calculated based on Net Asset Value (NAV) using the formula:Returns (%) = [(Current NAV - Initial NAV) / Initial NAV] × 100For SIP investments, the XIRR (Extended Internal Rate of Return) method is used. Choice provides real-time NAV tracking and returns calculators to help investors estimate potential earnings.
Yes, ICICI Prudential Mutual Funds allow investors to switch between different schemes based on their financial goals. However, investors should be aware of exit loads and tax implications before making a switch, as charges and tax liabilities may vary depending on the holding period and type of fund.
The costs associated with investing include:Expense Ratio: A management fee deducted from fund assets.Exit Load: A charge on early redemption (varies by scheme).Transaction Charges: Applicable for investments above a certain threshold.Direct Plans have lower charges compared to Regular Plans.
No, a Demat account is not required to invest in mutual funds through Choice. You can invest directly online or offline. However, if you prefer to hold fund units electronically, you can open a Demat account with Choice.
You can obtain your ICICI Prudential Mutual Fund statement through the fund’s website, CAMS, or by viewing consolidated holdings on ICICIdirect.com. You can also access the statements via the Choice platform - Choice FinX.
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