ICICI Prudential Mutual Fund is one of the main mutual fund homes in India. It is a joint task among ICICI Bank, considered one of India’s largest personal zone banks, and Prudential Corporation Holdings, a global economic services organization founded within the United States. ICICI Prudential Mutual Fund was established in the year 2000 and has over two decades of enjoy in coping with mutual fund schemes. With an AUM (Assets Under Management) of over Rs. 6 lakh crores throughout 289 schemes, ICICI prudential mutual fund offers a wide range of investment options across equity, debt, hybrid and other categories to help investors meet their financial goals. This article will discuss some key things about ICICI Prudential Mutual Fund.
Table of Contents
Fund Categories Offered
ICICI Prudential Mutual Fund provides investment solutions across equity, debt, hybrid, and other fund categories. The equity funds invest in stocks across large, mid, and small-cap companies. Popular equity funds are ICICI Prudential Bluechip Fund and ICICI Prudential Midcap Fund. Debt funds have different maturity periods like short, medium and long-term funds. ICICI Prudential Corporate Bond Fund and ICICI Prudential Banking & PSU Fund are popular debt funds. Hybrid funds maintain a mix of equity and debt, including ICICI Prudential Equity & Debt Fund and ICICI Prudential Balanced Advantage Fund. Other funds focus on specific sectors, indexes, gold ETFs, and solutions. They offer funds tracking indexes like Nifty, banking, technology sectors, or gold exchange-traded funds for diversification.
Track Record and Performance
It has a consistent track record of performance across market cycles. As per value research data, most of its equity and hybrid schemes have outperformed their respective category averages on a 3-year and 5-year basis. Some top-performing funds include ICICI Prudential Bluechip Fund, ICICI Prudential Technology Fund, and ICICI Prudential Equity & Debt Fund.
Research & Investment Process
The fund house has a strong research team that carries out in-depth fundamental analysis to identify investment opportunities. It follows a mix of top-down and bottom-up approaches for stock selection. The fund managers understand macroeconomic factors and analyze individual companies based on parameters like management quality, financials, valuation, etc.
Online Account Management
Investors can open and manage their ICICI Prudential Mutual Fund accounts online through digital platforms. Features like paperless transactions, systematic investment plans, switch/redemption requests, statement downloads, etc., are available online. Investors can also check their portfolio value and performance on a real-time basis.
Customer Service
It is known for its high-quality customer service. Investors can call the toll-free number or write emails to the customer service team for any queries or assistance related to transactions, account details, financial planning, etc. The customer service representatives are trained to handle investor requests efficiently.
Conclusion
ICICI Prudential Mutual Fund, including its history, fund categories offered, investment process, track record, understanding of the demat account, online account features, and customer service standards. Being one of the largest fund houses, It provides various options to help investors achieve their financial goals through mutual fund investments.
