ICICI Prudential Asset Management Company is the leading AMC of India which has provided investment solutions in the form of simple and relevant schemes for investors in the mutual fund market. ICICI Bank of India and Prudential Plc. came together to form a joint venture in the form of this AMC which has 3 million customers as on March 31st, 2018. ICICI Prudential Mutual Fund has launched a number of schemes that have made their place in the top performing funds list. In this article, you will get to read about such top schemes by this MF.
ICICI Prudential Bluechip Fund: Formerly known as ICICI Prudential Focused Bluechip Equity Fund, this scheme was launched on May 23rd, 2008. The investment objective of this scheme is to help investors earn long-term capital appreciation by investment made in equity and equity related instruments of large-cap companies. Investors should note that their principal amount invested in this scheme will be under moderately high risk. The minimum application amount as well as minimum additional investment amount both are Rs. 100 only. There is no entry load which is to be incurred by an investor. In case, he redeems within one year of investment, then he has to pay 1% as exit load. After completion of one year, no exit load is to be payed. The fund is jointly managed by Mr. Sankaran Naren and Mr. Rajat Chandak. It’s units can be purchased at Rs. 39.51 as on July 16th, 2018.
ICICI Prudential Technology fund: This scheme is one of the best mutual funds by ICICI MF which was launched on March 03rd, 2000 with an investment objective to help its investors earn long-term capital appreciation by investing in the equity and equity related instruments of the companies belonging to Technology sector and its related companies. The minimum investment amount with which a new investor may start investing in this scheme is Rs. 5000 and the minimum additional investment amount for existing investors is Rs. 1000. There is no load that an investor has to bear at the time of entry. But if an investor redeems within one year of investment, then he becomes liable to pay 1% of the applicable NAV as exit load. This fund is jointly managed by Mr. Sankaran Naren and Mr. Ashwin Jain. The net asset value of the fund was recorded as Rs. 57.01 as on July 16th, 2018.
ICICI Prudential Equity & Debt Fund: Formerly known as ICICI Prudential Balanced Fund, this scheme by ICICI Mutual Fund was launched on November 03rd, 1999 with an investment objective to provide investors an opportunity to earn consistent income as well as long-term capital appreciation by investing in equity and its related instruments along with an investment in debt securities and money market instruments. The minimum application amount is Rs. 5000 and the minimum additional investment amount is Rs. 1000. An investor may redeem up to 10% of the units without paying any exit load, within one year of investment. If an investor redeems more than 10% of the units within one year of investment from the date of allotment, then he becomes liable to pay 1% as exit load. Investments made in equity under this scheme are jointly managed by Mr. Sankaran Naren and Mr. Atul Patel; the debt investments are managed by Mr. Manish Banthia. The net asset value of this scheme as on July 16th, 2018 was Rs. 122.77 and it has been rated four stars by Value Research.
These were the top mutual funds by ICICI Mutual Fund that every investor should invest in. But before investing, make sure that the scheme is in sync with your portfolio needs and will help you reach your financial goal.
Read this article to know about the top performing funds of ICICI Mutual Fund.
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