Help Center
Locate us
ICICI Prudential Mutual Fund: NAV, Top SIP Plan, MF Schemes
Experience the all-new Kotak Netbanking
Simpler, smarter & more intuitive than ever before
Popular Products
Show More
Quick Help
Show More
Frequently Asked Questions
Show More
Experience the all-new Kotak Netbanking Lite
Simpler, smarter & more intuitive than ever before. Now accessible on your mobile phone!
Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.
Success
Failure
What is ICICI Prudential Mutual Fund?
ICICI Prudential Mutual Fund is a collaboration between ICICI Bank, a premier financial powerhouse in India, and Prudential Plc, a leading international financial services group headquartered in the United Kingdom.
This partnership leverages ICICI Bank's extensive domestic network and Prudential's global expertise in asset management, offering a wide range of investment solutions across asset classes catering to various investor needs and risk appetites.
Documents Required to Invest in ICICI Prudential Mutual Fund
Investors looking to invest in ICICI Prudential Mutual Funds need to present:
Documentation Process
The investment process begins with KYC (Know Your Customer) compliance, which is mandatory for all investors. The documentation process is streamlined to ensure ease of investment, with digital options available for submitting documents online for quick verification.
How Can You Invest in the Best ICICI Prudential Mutual Fund?
ICICI Prudential Mutual Funds can be accessed through multiple platforms:
Investment Process
Investing in an ICICI mutual fund involves steps, each crucial to ensuring a smooth and successful investment journey. Here's a detailed breakdown:
Top ICICI Prudential Fund Managers
The success of ICICI Prudential Mutual Funds can be attributed to its team of experienced fund managers, including:
ICICI Prudential Mutual Fund NAV (Net Asset Value)
NAV represents the per-unit market value of the fund's assets minus its liabilities, divided by the number of units outstanding. It is a crucial metric that reflects the fund's performance and is used by investors to track their investment value over time.
Impact on Investments
Understanding NAV helps investors gauge the fund's performance and make informed decisions about buying or selling mutual fund units. A fund's NAV fluctuates daily based on market movements, impacting the investment's current value.
Top SIP Plan in ICICI Prudential Mutual Fund
Systematic Investment Plans (SIPs) in ICICI Prudential Mutual Funds allow investors to invest a fixed amount regularly, benefiting from the power of compounding and market timing.
ICICI Prudential Mutual Fund Plans
With an AUM of Rs. 11,294 crore, this fund seeks to generate long-term capital appreciation by investing in opportunities arising from special situations such as corporate restructuring, government policy change, regulatory changes, etc. The fund has an NAV of 24.67 and an exit load of 1% if redeemed within 12 months. Over the past 3 years, it has delivered a return of 24.97%, and over the past 5 years, it has given a return of 27.10%.
This fund has an AUM of Rs. 2,257 crore. It primarily invests in equity and equity-related securities of innovative companies across market capitalisation. The fund's NAV is 11.75, with an exit load of 1% if redeemed within 12 months. As this fund seems relatively new, no 3-year or 5-year returns are available.
Benefits of SIP Investing
SIPs offer several advantages, including financial discipline, lower average cost per unit through dollar-cost averaging, and the potential for significant long-term returns. They are ideal for investors looking to build wealth systematically.
ICICI Prudential MF Schemes
ICICI Prudential Balanced Advantage Fund
ICICI Prudential Business Cycle Fund
This fund has an AUM of Rs. 6,387 crore and aims to generate long-term capital appreciation by investing in sectors, companies, or themes expected to benefit from the business cycle. It has an NAV of 16.25 and an exit load of 1% if redeemed within one month. The fund has shown a return of 18.87% over 3 years and 21.63% over 5 years.
Conclusion
This comprehensive guide to ICICI Prudential Mutual Funds highlights the fund house's commitment to offering diversified investment solutions tailored to various investor needs. With a focus on long-term wealth creation, ICICI Prudential stands out as a preferred choice for investors looking to navigate the complexities of the financial markets.
Frequently Asked Questions
What is the return of ICICI Prudential Mutual Fund for 3 years?
Returns vary by fund; specific fund performance can be found on the ICICI Prudential website or financial analysis platforms.
Which SIP is best for 5 years in ICICI?
The best SIP plan depends on individual risk tolerance and financial goals; equity funds are generally recommended for a 5-year horizon.
Is ICICI Prudential SIP safe?
SIPs in mutual funds are subject to market risks; however, ICICI Prudential's robust risk management strategies aim to mitigate risks and ensure stable returns.
You have already rated this article
OK