ICICI Prudential Mutual Funds – Best Schemes, ICICI MF NAV, Performance & Returns 2019

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1. ICICI Prudential Mutual Funds – Introduction

ICICI Prudential Asset Management Company Limited is the second largest AMCs in the country. They played an instrumental role in acquainting Indian investors with mutual funds in the last 30 years. Many investors have voted their products to be reliable and trusted, thanks to the CRISIL credit rating of “AAAmfs”. They played a crucial role in setting up CRISIL rating system. There is a slew of products that caters to investors from diverse socioeconomic backgrounds. For instance, you can start investing with an SIP amount as small as Rs. 500 with no upper limit. Similarly, you can opt for an investment horizon starting from 1 day. The large variety of mutual funds gives people a chance to build investment portfolios that suit them the best.

2. How to invest in ICICI Prudential Mutual Funds with ClearTax

The popularity of ICICI Prudential Mutual Fund products is unsurprising as it is one of the premier AMCs in India. You can invest directly with the fund house or go via a qualified mutual fund agent or distributor. If you are new to investing or are not familiar with the market or investment trends, you may invest with ClearTax Save. They have done all the research required and shortlisted the best-performing funds from ICICI Prudential AMC. Go to ClearTax to select an ICICI mutual fund that matches your budget, financial goals, and risk appetite. For instance, debt fund is considered to be a much safer investment avenue with assured capital protection compared to equity funds. Another notable benefit is that you need to complete your KYC formalities only once. Invest within minutes from the comfort of your home and office. The investment process is quick and painless on ClearTax. Step 1: Select the mutual fund(s) and the amount you want to invest monthly/quarterly/annually Step 2: Fill in the respective personal information columns Step 3: Make the payment via NetBanking or by using your debit or credit card

3. Documents/ KYC for investing in ICICI Prudential Mutual Funds

All financial institutions like banks and AMCs mandate customers to do their Know Your Customer or KYC process. This is to track the inflow and outflow of money, which curbs economic evils like money laundering and black money. For smaller investments, KYC alone would suffice. But for bigger amount In-Person Verification (IPV) is also a must. With ClearTax, an investor should do the KYC only once in a lifetime. Currently, it is easier to upload the scanned copies of all the required documents in a matter of minutes on the distributor portal. KYC verification through ClearTax is hassle-free, using any of the below 2 methods: a. Using OTP sent to your Aadhaar-registered mobile number OR b. By uploading photos/scans of the required documents ID Proofs: You can submit Xerox copy of PAN Card, Passport, Aadhaar Card, Voter ID or Driving License. We also accept other central government approved documents like NREGA job card. Address proofs: You may upload the same ID proof (except PAN) if the address on it is your current residential address. Rental/lease agreement, most recent utility bill, and ration card can also serve the purpose. If your permanent address and correspondence address is not the same, you must provide the proof for both.

4. ICICI Prudential Mutual Fund Products


ICICI Prudential Equity funds mainly invest in stock markets, deliver high returns and hence are comparatively riskier. As a volatile investment avenue, it is for aggressive risk seeker. These long-term investments are actively managed by fund managers and the others are passively managed via index funds.
SL No. Name of the fund Investment Objective Risks Returns (In 5 years)
1 ICICI Prudential Dynamic Plan Long-term wealth creation by investing a majority or up to 100% in equities or equity-oriented instruments Moderately High 17.70%
2 ICICI Prudential Focused Bluechip Equity Fund Long-term capital appreciation and income generation to investors by investing in major shares in large-cap companies and the rest in debt securities and money market instruments. Moderately High 16.33%
3 ICICI Prudential Value Discovery Fund Deliver higher returns by combining dividend income and capital appreciation by investing mostly in value stocks. Moderately High 20.98%
4 ICICI Prudential Infrastructure Fund Capital appreciation and income to investors by investing mostly in equity/equity-oriented securities of the companies focused in infrastructure development and the rest in debts and money market. High 15.10%
5 ICICI Prudential Long Term Equity Fund (Tax Saving) Long-term capital appreciation by investing in equities with a lock-in period of 3 years. It is eligible for 80C tax deduction up to Rs. 1.5 lakhs. Moderately High 18.37%


As the name suggests, ICICI Pru hybrid funds put investors’ money in equities, debt securities and money market instruments in pre-decided proportions. Equity exposure varies as per hybrid fund type and the risk profile of the investment.
SL No. Name of the fund Investment Objective Risks Returns (In 5 years)
1 ICICI Prudential Child Care Plan (Study Plan) To generate current income by investing in money market (75% and above) and equities (25% and less) Moderately High 14.16%
2 ICICI Prudential MIP 25 Medium to long-term investment that delivers income by investing mainly in debt and money market Moderately High 10.88%
3 ICICI Prudential Monthly Income Plan To deliver steady income by investing mainly in debt and money market with limited equity exposure Moderate 9.74%
4 ICICI Prudential Equity & Debt Fund Long-term capital appreciation and also deliver income Moderately High 17.28
5 ICICI Prudential Regular Income Fund Steady income with regular dividend distribution while promising long-term capital appreciation Moderate 8.04%
6 ICICI Prudential Child Care Plan (Gift Plan) Capital appreciation by investing in equities up to 65% and debts up to 35%, focusing on large-cap companies. Moderately High 17.20%


ICICI debt funds can be both short-term and long-term and its primary focus is capital protection. They either deliver steady income or income along with capital appreciation by mainly investing in bonds, securities or money market instruments. These funds are great for those with low to medium risk appetite.
SL No. Name of the fund Investment Objective Risks Returns (In 5 years)
1 ICICI Prudential Flexible Income Plan A short-term investment that aims at income generation by investing in debts and money market Moderately Low 8.50%
2 ICICI Prudential Savings Fund Aims at optimum income generation by investing in debt and money market instruments of diverse maturity periods and credit ratings Moderate 8.10%
3 ICICI Prudential Ultra Short Term Plan Aims at safe income generation by investing in debt and money market instruments of short maturity periods Moderately Low 8.07%
4 ICICI Prudential Liquid Plan Delivers returns proportionate with low risk and offers high liquidity Low 8.05%
5 ICICI Prudential Short Term Plan Short-term income and capital appreciation by investing in debts and money market securities of different terms Moderate 7.93%
6 ICICI Prudential Money Market Fund Generates returns proportional with the ultra-low risk by investing in money market, while offering great liquidity Low 8.02%
7 ICICI Prudential Income Plan Long-term wealth building by investing in money market and debt instruments of diverse credit rating and terms Moderate 6.42%


ICICI Prudential fund of funds predominantly invests in other mutual funds. This spreads the risks as well as cater to people with diverse investment goals. Diversification is achieved by default when they invest across funds.
SL No. Name of the fund Investment Objective Risks Returns (In 5 years)
1 ICICI Prudential Global Stable Equity Fund An open-ended scheme that generates returns by investing in domestic and overseas funds for long-term capital creation High NA
2 ICICI Prudential Advisor Series – Long Term Savings Plan Delivers long term wealth creation by investing mainly in domestic or offshore equities and the rest in debts or money market Moderately High 12.51%
3 ICICI Prudential Advisor Series – Cautious Plan A medium term plan that gives steady income by investing mainly in fixed income instruments (domestic or offshore) Moderately High 8.01%
4 ICICI Prudential Advisor Series – Moderate Plan Delivers capital appreciation (in long-term) with current income by investing mainly in domestic or offshore equities Moderately High 11.73%
5 ICICI Prudential Advisor Series-Very Aggressive Plan Make long-term wealth creation by investing mainly in domestic or offshore funds – equities, debts and/or Gold ETFs Moderately High 13.68%
6 ICICI Prudential Regular Gold Savings Fund Invests in ICICI Prudential Gold iWIN ETF units Delivers returns and focuses on long-term capital appreciation with easy liquidity Moderately High 2.06%
7 ICICI Prudential Advisor Series – Dynamic Accrual Plan Delivers returns proportional to the risks undertaken while assuring high liquidity – invests mainly in domestic or offshore debt and money market instruments. Moderate 8.43%


Almost similar to stock markets, ETFs too are traded like stocks. They mostly put money in company stocks or gold or silver among others. You can purchase units and sell at any time.
SL No. Name of the fund Investment Objective Risks Returns (In 5 years)
1 ICICI Prudential Nifty ETF An open-ended ETF for long-term wealth creation and strives to generate returns close to those by Nifty 50 Index Moderately High 13.19%
2 ICICI Prudential Sensex ETF Tracking the S&P BSE Sensex stocks, it is open-ended and tries to deliver returns close to that of S&P BSE Sensex Moderately High 13.23%
3 ICICI Prudential Midcap Select ETF Tries to reproduce the S&P BSE MidCap Select Index by purchasing same stocks in similar measure as in the index. High NA

5. Complaint Redressal

In case of any issue or concern regarding your mutual fund investment, you can post a complaint in their online redressal/feedback page. All you need to do is to enter your folio number, mobile number, email id and the complaint itself in respective columns. Click on submit and an official will get in touch with you in 24 hours.

6. About the fund house

ICICI Prudential Asset Management Company Ltd. is one of India’s premier fund houses, boasting of over 30 lakhs clientele. A collaboration between ICICI Bank of India and Prudential Plc of UK, this AMC specializes in portfolio management for investors among other things. The fund house handles considerable Assets under Management (AUM) across diverse asset classes like equities, debts instruments and sectorial funds to name a few. Following a totally customer-centric tactic, they flaunt a blend of expertise and resourcefulness, giving investors innovative, consistent and optimum returns against market risks. This way, it gives customers a way to strike a balance between investments and savings. Their sponsors include ICICI Bank, Prudential Plc, Prudential Corporation Asia, Eastspring Investments and Jackson National Life Insurance Company among others.

7. Top fund managers of ICICI Prudential Mutual Fund

Sankaran Naren: The overall investment operations across the mutual fund and international advisory is under his supervision. With over 2 decades of industrial exposure, he specializes in equity market and directly handles 2 major products, namely, ICICI Prudential Top 100 Fund and ICICI Prudential Dynamic Plan. Mrinal Singh: He joined the fund house as an equity analyst in 2008. Now serving as a senior asset manager, he is directly responsible for five equity schemes and manages assets worth Rs. 6000 Cr. Rahul Rai: At ICICI Prudential fund house, Rahul is the man behind their Real Estate Business. With innovative strategies to mapping team collaborations, he takes the call on the company’s real estate section. He was noted for managing the first and the biggest FDI transactions that boosted the Indian real estate landscape in 2004. Rahul Goswami: As the Chief Investment Officer of the Fixed Income vertical, Mr. Goswami currently manages 8 debt funds that include corporate bonds and government bonds. He monitors economic factors like market liquidity that can impact debt fund performance.   Kayzad Eghlim: He is mostly in charge of ETF products and boasts of 26 years of experience in the field.

8. Best ICICI mutual fund schemes