Best Performing ICICI Prudential Mutual Funds in India

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ICICI Prudential Mutual Funds is among the top two Asset Management Companies in India. It is one of the most established and lucrative mutual funds. The majority of their products are certified “AAAmfs,” indicating a high level of confidence and reliability.

In 1993, ICICI Bank and Prudential Plc came together to form ICICI Prudential. The Prudential Group is one of the oldest, largest, and most prominent insurance companies in the world.

The ICICI Prudential Mutual Funds was instrumental in establishing the CRISIL rating system in India. As the CIBIL score indicates an individual’s creditworthiness, the CRISIL score assesses the health of Mutual Funds in India. The Mutual Fund was established and incorporated in 1993. As of 30 September 2022, it manages around Rs. 4,97,269 Crore in assets. The organization boasts some of the most well-known fund managers in the industry and is expanding rapidly. The Mumbai-based ICICI Prudential Mutual Funds offers a vast selection of funds suited to every socioeconomic class. Through Kuvera, you can deposit a lump payment or initiate a SIP with ICICI Prudential with minimal paperwork and in a very short amount of time.

In accordance with SEBI regulations, Prudential Group intends to sell 3.7% of its position in the Mutual Fund in order to reduce its shareholdings to less than 25%.

Best ICICI Prudential Equity Mutual Fund Schemes to Invest in Nov 2022 (as per 3-Year Return)

Scheme	3-Year Return	AUM (INR) (Cr)
ICICI Prudential Commodities Fund	40.81%	718.31
ICICI Prudential Technology Fund	35.86%	9,557
ICICI Prudential India Opportunities Fund	28.16%	6,810.93
ICICI Prudential Smallcap Fund	26.94%	4,392.59
ICICI Prudential Infrastructure Fund	26.68%	2,198.62
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund	26.31%	2,570.63
ICICI Prudential Value Discovery Fund	25.91%	27,212.27
ICICI Prudential Dividend Yield Equity Fund	24.82%	1,201.96
ICICI Prudential Focused Equity Fund	23.65%	3,919.94
ICICI Prudential Large & Mid Cap Fund	22.84%	6,188.74
ICICI Prudential Multicap Fund	18.47%	7,123.79
ICICI Prudential Long Term Equity	18.27%	10,396.63
ICICI Prudential Bluechip Fund	18.04%	35,187.21

Source: AMFI (data as of 16/11/2022)

Closer Look at the Top ICICI Prudential Equity Mutual Funds (as per 3-year Return)

ICICI Prudential Commodities Fund

ICICI Prudential Commodities Fund Direct – Growth is a Thematic mutual fund. This fund has existed for three years and one month since its establishment on September 25, 2019. As of 16 November 2022, ICICI Prudential Commodities Fund Direct – Growth has INR 718.31 Crores in assets under management (AUM) and is a medium-sized fund within its category. The expense ratio of 1.06 percent is greater than the expense ratios of most other Thematic funds.

The one-year growth rate for the ICICI Prudential Commodities Fund Direct was 9.38%. Since its inception, it has generated average yearly returns of 39.08%. Every two years, the fund has quadrupled the money put in it.

The majority of the fund’s assets are invested in the Materials, Metals & Mining, Chemicals, and Energy sectors. It has less exposure to the Materials, Metals, and Mining sectors than other funds in its category.

Ultratech Cement Ltd., JSW Steel Ltd., Ambuja Cements Ltd., Grasim Industries Ltd., and Tata Steel Ltd. are the top five holdings of the fund.

ICICI Prudential Technology Fund

ICICI Prudential Technology Direct Plan-Growth is a Sectoral-Technology mutual fund. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 16 November 2022, ICICI Prudential Technology Direct Plan-Growth has INR 9,557 Crores in assets under management (AUM) and is a medium-sized fund within its category. The expense ratio of the fund, at 0.89 percent, is comparable to that of the majority of other Sectoral-technology funds.

The one-year returns for the ICICI Prudential Technology Direct Plan-Growth were -16.29 percent. Since its inception, it has generated average annual returns of 23.06%. Every three years, the fund has doubled the money invested in it.

The majority of the fund’s assets are invested in the Technology, Communication, Services, Capital Goods, and Energy markets. It has less exposure to the Technology and Communications industries than other funds in the same category.

The top five holdings of the fund consist of Infosys Ltd., Tata Consultancy Services Ltd., HCL Technologies Ltd., Bharti Airtel Ltd., and Wipro Ltd.

ICICI Prudential India Opportunities Fund

ICICI Prudential India Opportunities Fund Direct – Growth is a Thematic mutual fund. This fund has existed for 3.10 years since its inception on December 26, 2018. As of16 November 2022, ICICI Prudential India Opportunities Fund Direct – Growth has INR 6,810.93 Crores in assets under management (AUM) and is a medium-sized fund within its category. The expense ratio of 0.69 percent is comparable to that of the majority of Thematic funds.

One-year returns for the ICICI Prudential India Opportunities Fund Direct – Growth were 15.62 percent. Since its inception, it has generated average yearly returns of 21.89%. Every two years, the fund has quadrupled the money put in it.

The majority of the fund’s assets are invested in the Financial, Energy, Healthcare, Automobile, and Communication industries. It has less exposure to the Financial and Energy sectors than other funds in its category.

Oil & Natural Gas Corpn. Ltd., Bharti Airtel Ltd., National Thermal Power Corp. Ltd., Sun Pharmaceutical Inds. Ltd., and State Bank of India are the top five holdings of the fund.

ICICI Prudential Smallcap Fund

ICICI Prudential Smallcap Fund Direct Plan-Growth is a Small Cap mutual fund. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 16 November 2022, ICICI Prudential Smallcap Fund Direct Plan-Growth has INR 4,392.59 Crores in assets under management (AUM) and is a medium-sized fund within its category. The expense ratio of 0.82 percent is comparable to that of the majority of other Small Cap funds.

The one-year returns for the ICICI Prudential Smallcap Fund Direct Plan-Growth were 3.42 percent. Since its inception, it has generated average yearly returns of 17.10%. Every three years, the fund has doubled the money invested in it.

The majority of the fund’s assets are allocated to the Services, Healthcare, Capital Goods, Technology, and Financial sectors. It has less exposure to the Services and Healthcare sectors than other funds in the same category.

Rolex Rings Ltd., INOX Leisure Ltd., Multi Commodity Exchange India, Kei Industries Ltd., and CCL Products (India) Ltd. are the top five holdings of the fund.

ICICI Prudential Infrastructure Fund

ICICI Prudential Infrastructure Direct-Growth is a Sectoral-Infrastructure mutual fund plan. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 16 November 2022, ICICI Prudential Infrastructure Direct-Growth has INR 2,198.62 Crores in assets under management (AUM) and is a medium-sized fund within its category. The expense ratio of the fund, at 1.67 percent, is higher than that of the majority of other Sectoral-infrastructure funds.

The one-year returns for ICICI Prudential Infrastructure Direct-Growth Plan were 20.86%. Since inception, it has generated average yearly returns of 14.14 percent. Every two years, the fund has quadrupled the money put in it.

The majority of the fund’s assets are invested in the Financial, Energy, Construction, Capital Goods, and Communication industries. It has less exposure to the Financial and Energy sectors than other funds in its category.

National Thermal Power Corp. Ltd., Larsen & Toubro Ltd., Bharti Airtel Ltd., Oil & Natural Gas Corpn. Ltd., and HDFC Bank Ltd. are the top five holdings of the fund.

Top ICICI Prudential Mutual Funds Managers

Mr. Sankaran Naren

Mr. Sankaran Naren handles the investing responsibilities of ICICI Mutual Fund’s Mutual Fund and International Advisory Business. He has been instrumental in the conception and implementation of the company’s overall investment strategy. He is the leading expert on the Indian financial markets and has won numerous accolades in fund management. His thoughts on macroeconomics and markets are extensively highlighted in local and international media. A graduate of IIT Madras and IIM Kolkata, he has held different positions in the financial services and investment management industries. During his nearly three decades of professional experience, Naren has worked at Refco Sify Securities India Pvt. Ltd, HDFC Securities Ltd, and Yoha Securities, among others.

Mr. Rohan Maru

In November 2012, Mr. Rohan Maru joined ICICI Prudential AMC. He holds a Master of Commerce from Mumbai University and a Postgraduate Diploma in Business Administration from MET Mumbai. Mr. Maru manages the ICICI Prudential Corporate Bond Fund and the ICICI Prudential Liquid ETF as a fund manager. In addition to these funds, he co-manages the ICICI Prudential Liquid Fund, the ICICI Prudential Savings Fund, the ICICI Prudential Overnight Fund, and the ICICI Prudential Global Stable Equity Fund. He is also responsible for managing the Indian debt part of the ICICI Prudential US Bluechip Equity Fund. Previously, he worked for the fund house as a Dealer for Corporate Bonds. He has been affiliated with Kotak Mutual Funds and Integreon Managed Solutions for more than a decade.

Mr. Mittul Kalawadia

Currently, Mr. Mittul Kalawadia manages numerous funds at ICICI Prudential AMC. Before becoming a fund manager, he was a research analyst for a number of significant industries. He began his career at ICICI Prudential AMC and has 11 years of cumulative work experience. Portfolio management and security analysis are his primary areas of expertise. He is a Certified Public Accountant.

Mr. Rajat Chandak

Mr. Rajat Chandak handles a number of ICICI Prudential Mutual Fund’s flagship funds. In 2005, he earned a Bachelor of Commerce from Sydenham College of Commerce and Economics. In 2008, he graduated from the Institute for Financial Management and Research (IFMR) with an MBA in Finance. He began his work at ICICI Prudential AMC and has been there since. He has a cumulative employment history of more than ten years. Mr. Chandak manages the ICICI Prudential Bluechip Fund, the ICICI Prudential Value Fund (Series 4 and 11), and the ICICI Prudential Bharat Consumption Fund (Series 4). In addition, he oversees the ICICI Prudential Long Term Wealth Enhancement Fund, the ICICI Prudential R.I.G.H.T. Fund, the ICICI Prudential Regular Savings Fund, and the ICICI Prudential Balanced Advantage Fund.

Mr. Anish Tawakley

Mr. Anish Tawakley is the Head of Research and a Fund Manager at ICICI Prudential AMC. The Indian Institute of Management in Bangalore awarded him a Postgraduate Diploma in Management. He holds a Bachelor of Technology from the Indian Institute of Technology in Delhi. Currently, he oversees the ICICI Prudential Bluechip Fund and the ICICI Prudential Manufacture in India Fund. Mr. Tawakley has accumulated capital markets and strategic consulting knowledge over the course of a career spanning more than two decades. In the past, he has held a variety of executive positions with significant organizations such as Barclays, McKinsey, Bernstein, and Credit Suisse.

Mr. Roshan Chutkey

Mr. Roshan Chutkey is a portfolio manager for ICICI Prudential Asset Management Co., Ltd. He holds a bachelor’s degree in engineering from IIT Madras, an MBA from IIM Lucknow, and a master’s degree in finance from London Business School. Currently, he manages the ICICI Prudential Banking & Financial Services Fund, which is the company’s flagship sector fund. In addition, he is a co-manager of the ICICI Prudential India Opportunities Fund. He has been affiliated with major organizations such as JP Morgan Chase, Citibank, and Kuwait Financial Centre for a total of 12 years.

Mr. Manish Banthia

Mr. Manish Banthia is a fund manager for Fixed Income at ICICI Prudential Asset Management Co. Ltd. He is a Certified Public Accountant with an MBA from the Indian Institute of Foreign Trade (IIFT) in Delhi. Currently, Mr. Banthia serves as a linchpin for critical jobs including fixed income trading, credit analysis, and product development. He is also a consultant for the Indian Fixed Income Fund based in Japan. His primary expertise lies in portfolio management, interest rate trading, and credit research. Prior to joining the AMC, he was affiliated with the Aditya Birla Group during his thirteen years of experience in Indian capital markets.

Mr. Rahul Goswami

Mr. Rahul Goswami is instrumental in the creation and execution of the fixed income product suite’s investment strategy. He earned a Bachelor of Science and an MBA from Bhopal University. Mr. Goswami currently handles some of the most important debt products at ICICI Prudential Mutual Fund. Prior to joining RR Financial Consultants, he worked with Standard Chartered Bank, Franklin Templeton, UTI Bank, SMIFS Securities, Khandwala Finance Ltd, and Khandwala Finance Ltd.

Mr. Akhil Kakkar

Mr. Akhil Kakkar holds a B.Tech. from IIT Roorkee and a PGDM (Finance). Prior to joining ICICI Prudential Mutual Fund, he had positions with industry-leading companies. His prior positions include those in Debt Capital Markets at Kotak Mahindra Bank and Project Advisory and Structured Finance at SBI Capital Markets. As an Analyst Developer, he was also associated with Goldman Sachs Services Pvt. Ltd.

How to Invest in ICICI Prudential Mutual Funds via Kuvera?

You can invest in ICIC Prudential direct mutual funds through Kuvera and avoid paying commissions. It is the best platform to invest in mutual funds as it is 100% free and helps you find the right investment for your life goal.

To invest in mutual funds via Kuvera, follow the given steps:

Step 1: Sign up at www.kuvera.in.

Step 2: Complete the KYC requirements and link your bank account.

Step 3: Click on MF in the Explore section to choose mutual funds for investment.

How to Download ICICI Prudential Mutual Funds Investment Statement?

Investors who have registered their email address with mutual funds serviced by KARVY, CAMS, and SBFS can obtain a consolidated PDF Account Statement via email.

You can receive your Account Statement via your registered e-mail address on the official ICICI prudential mutual funds website by entering your Folio Number and transaction period.

FAQ

What are sectoral Fund?

A sectoral fund is a type of equity fund that invests investor capital in companies within the same industry or sector. These funds enable investors to gain exposure to specific economic sectors by investing solely in companies from that sector.

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