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ICICI Prudential Mutual Fund: Overview

ICICI Prudential Asset Management Company Ltd. is one of the most prominent asset management companies in India. The ICICI-Pru AMC was formed in the year 1998 as a joint venture between ICICI Bank and Prudential Plc, which is one of largest players in the financial services sectors from UK. As on date, the AMC has established a position of supremacy in the Indian Mutual Fund market.

With a current strength of more than 1100 branches and presence across 120 locations, ICICI – Pru has a noteworthy AUM size in the mutual fund segment. ICICI- Prudential AMC caters the Portfolio Management needs of investors from various segment of Indian Society, along with International Advisory Mandates for investors based out of international markets.
 

The products offered by ICICI MF are crafted to meet the client expectation backed by investor centric approach. The products are a perfect blend of investment expertise, process orientation and resource bandwidth.
 

About Us
 

ICICI BANK

 
ICICI Bank is one of the largest private sector banks in India with total assets of Rs. 6,461.29 billion as on March 31, 2015 and profit after tax of Rs. 111.75 billion for the financial year ended on March 31, 2015. ICICI Bank has an extensive network of 4,450 Branches and about 13,916 ATMs across India. 

ICICI Bank caters to the daily financial needs of millions of customers in India and also globally through its diversified banking products and financial services to individual & corporate customers. ICICI Bank is known for creating a next generation delivery channels and a wide gamut of value added services delivered through its specialized subsidiaries in the areas of life and non-life insurance, investment banking, venture capital and asset management. 

Apart from its dominant presence in India, ICICI bank also has subsidiaries in the United Kingdom, Russia and Canada and branches in the United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai. ICICI bank also operates an International Finance Centre and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. The UK subsidiary has established its branches in Belgium and Germany. 

Prudential Group

The Prudential group is one of the world’s leading financial services groups with significant global operations in Asia, the US and the UK. Prudential caters to more than 23 million customers globally and had £427 billion worth of assets under management as of end 2015.


The PRUDENTIAL Group is consolidated around 4 main business verticals.
 

  1. Prudential Corporation Asia (PCA)
     

Prudential is one of the biggest life insurance providers covering more than 12 major markets in Asia with manpower of more than 350,000 agents across the region. It had approx GBP 53.8 billion in AUM as at 30 June 2012 and the company manages funds across a wide span of asset classes including fixed income & equities.
 

  1. Jackson National Life Insurance Company
     

Jackson National Life Insurance in a prominent insurance provider from the US with specialized products in retirement savings and income solutions. Jackson is also one of the leading service providers of the variable annuities in the US.
 

  1. Prudential UK & Europe (PUE)
     

Prudential UK is one of the top insurance service providers dealing in life and pensions products that serve almost 7 million customers in the United Kingdom.
 

  1. M&G
     

M&G is a concern of the Prudential UK and European fund management business with dedicated services in investing money for the individual and also institutional clients for more than 80 years and now enjoys total assets under management of £204 billion as on 30 June 2012.

Products offered by ICICI MF

The salient features if ICICI- PRU MF products are
 

  • ICICI Prudential MF asset management company (AMC) has a robust multi-channel distribution network which provides an inclusive range of savings, investment and protection products.
  • Since inception, ICICI Mutual Funds have a successful record of offering all inclusive products, tools and design support when offering multiple variants of Mutual fund products in India.
  • The products offered at ICICI-PRU MF are known for their proficiency in areas such as longevity, risk management and multi-asset investment. All this ensures back up of the financial strength of investors and thus creates a highly respected brand.
  • Over a long period of time, ICICI-MF has created a sustainable means so that business is strongly positioned to continue pursuing a value-driven approach built around our nucleus of strength along with profits and annuities.
  • With its intensive research based investment methodology, ICICI-Prudential understands and responds to the investment needs of its customers.
  • While designing each product, the actual need of investor and their risk appetite are at the heart of each product offering.
  • Apart from generating sustainable value for their shareholders, ICICI - PRU mutual funds keeps a persistent focus on meeting the customer’s savings, income and protection needs. A disciplined approach to investments leads to the most profitable growth opportunities.

Product Categories @ ICICI- PRU Mutual Funds

  1. Equity Funds


ICICI- Pru Equity funds are intended to generate long-term capital appreciation and income distribution to its unit holders by investing in a portfolio which is mainly focused on equity and equity related securities. The portfolio consists of about 20 large cap companies and the balance in debt securities and money market instruments.


Equity funds are declassified in below mentioned categories
 

  • Aggressive Investment funds - These funds are positioned aggressively to gain from recovery in the economy and commodity prices
     
  • Moderate-risk Investments funds - These are diversified funds which can provide long term wealth creation.
     
  • Asset Allocation/Balanced Investments funds - The fund aim to benefit from volatility and can be suitable for investors aiming to participate in equities that are less volatility than market ups and downs.
     
  • Thematic/Sector Fund - For thematic/sectoral funds, investors should invest in them as part of a pre-decided tactical allocation.
  1. Hybrid Funds
     

ICIC- Pru Hybrid funds are offered to investors who want access to a regular source of income through investments in both debt/money market instruments as well as equities. Apart from income generation from the debt part, hybrid funds also generate long term capital appreciation from the equity portion under the Scheme.
 

  1. Debt Funds
     

ICICI – Pru MF offers various debt mutual funds products which are intended to provide reasonable returns proportionate with low risk and high liquidity level. The investments are primarily done in money market and debt securities.
 

  1. Fund of Funds


ICICI Pru FOF mutual funds schemes are designed with two level of investment objective. The primary investment objective is to offer reasonable returns in proportion with lower risk factor and a high level of liquidity. The investment is mostly done in the schemes of domestic or offshore Mutual Fund(s) having asset allocation to Money market and debt securities. This Plan is suitable for investors who have a low risk appetite and a shorter duration of investment.

Fund Managers ICICI-PRU MF

The following is the list of leading funds and their managers at ICICI-PRU Mutual Funds.
 

  • ICICI Prudential Balanced Advantage Fund the Equity Portion is managed by Manish Gunwani, Ashwin Jain and Rajat Chandak and Debt Portion by Manish Banthia.
     
  • ICICI Prudential Equity - Arbitrage Fund the Equity Portion is managed by Kayzad Eghlim and Debt Portion by Manish Banthia.
     
  • ICICI Prudential Balanced Fund the Equity Portion is managed by Sankaran Naren and Atul Patel and Debt Portion by Manish Banthia.
     
  • ICICI Prudential Equity Income Fund the Equity Portion is managed by Sankaran Naren and Chintan Haria and Debt Portion by Manish Banthia.
     
  • ICICI Prudential Child Care Plan (Study Plan) the Equity Portion is managed by Rajat Chandak and Debt Portion by Manish Banthia.
     
  • ICICI Prudential MIP 25 the Equity Portion is managed by Rajat Chandak and Debt Portion by Manish Banthia.
     
  • ICICI Prudential Monthly Income Plan the Equity Portion is managed by Rajat Chandak and Debt Portion by Manish Banthia.
     
  • ICICI Prudential Regular Income Fund the Equity Portion is managed by Rajat Chandak and Debt Portion by Rahul Bhuskute.
     
  • ICICI Prudential Child Care Plan (Gift Plan) the Equity Portion is managed by George Heber Joseph and Debt Portion by Manish Banthia.
     
  • ICICI Prudential Blended Plan - Plan B the Equity Portion is managed by Kayzad Eghlim and Debt Portion by Rahul Goswami and Chandni Gupta.
     
  • ICICI Prudential Indo Asia Equity Fund the India Portion is managed by Sankaran Naren & Atul Patel and Asia Portion by Shalya Shah.

Online Purchase@ Paisabazaar.com

Paisabazaar offers its online web portal to buy ICICI mutual funds online. Apart from investing in new funds, customers can also benefit from various tools and calculators which empower individuals to plan perfectly when it comes to investing in mutual funds.


The following is a snapshot of ICICI Mutual Fund products:
 

Fund Name

ICICI Prudential Money Market Fund

ICICI Prudential Savings Fund

ICICI Prudential Ultra Short Term Plan

ICICI Prudential Long Term Plan

ICICI Prudential Gilt Fund - Investment Plan - PF Option

ICICI Prudential Long Term Gilt Fund

ICICI Prudential Gilt Fund - Treasury Plan - PF Option

ICICI Prudential Short Term Gilt Fund

ICICI Prudential Balanced Advantage Fund

ICICI Prudential Growth Fund - Series 3

ICICI Prudential Exports and Other Services Fund

ICICI Prudential Value Fund - Series 7

ICICI Prudential Equity Savings Fund Series 1

ICICI Prudential Growth Fund - Series 1

ICICI Prudential Growth Fund - Series 7

ICICI Prudential Value Fund - Series 5

ICICI Prudential Value Fund

ICICI Prudential Dynamic Plan

ICICI Prudential Value Fund - Series 6

ICICI Prudential Infrastructure Fund

ICICI Prudential Indo Asia Equity Fund

ICICI Prudential Blended Plan - Plan B

ICICI Prudential Banking & PSU Debt Fund

ICICI Prudential Growth Fund - Series 8

ICICI Prudential Equity Income Fund

ICICI Prudential Value Fund - Series 3

ICICI Prudential Long Term Equity Fund (Tax Saving)

ICICI Prudential Child Care Plan (Gift Plan)

ICICI Prudential Multicap Fund

ICICI Prudential Nifty iWIN ETF

ICICI Prudential Nifty 100 iWIN ETF

ICICI Prudential Nifty Next 50 Index Fund

ICICI Prudential Sensex iWIN ETF

ICICI Prudential Nifty Index Fund

ICICI Prudential Equity - Arbitrage Fund

ICICI Prudential Short Term Plan

ICICI Prudential Income Opportunities Fund

ICICI Prudential Gold iWIN ETF

ICICI Prudential Regular Gold Savings Fund

ICICI Prudential Income Plan

ICICI Prudential Monthly Income Plan

ICICI Prudential MIP 25

ICICI Prudential Child Care Plan (Study Plan)

ICICI Prudential Balanced Fund

ICICI Prudential Focused Bluechip Equity Fund

ICICI Prudential R.I.G.H.T

ICICI Prudential Midcap Fund

ICICI Prudential India Recovery Fund - Series 2

ICICI Prudential India Recovery Fund - Series 1

ICICI Prudential Top 100 Fund

ICICI Prudential Value Fund - Series 1

ICICI Prudential Value Discovery Fund

ICICI Prudential Technology Fund

ICICI Prudential Value Fund - Series 4

ICICI Prudential Dividend Yield Equity Fund

ICICI Prudential Select Large Cap Fund

ICICI Prudential Growth Fund - Series 2

ICICI Prudential Growth Fund - Series 5

ICICI Prudential Growth Fund - Series 4

ICICI Prudential Growth Fund - Series 6

ICICI Prudential Regular Savings Fund

ICICI Prudential Corporate Bond Fund

ICICI Prudential Regular Income Fund

ICICI Prudential Dynamic Bond Fund

ICICI Prudential Constant Maturity Gilt Fund

ICICI Prudential Liquid Plan

ICICI Prudential Flexible Income Plan

ICICI Prudential Global Stable Equity Fund

ICICI Prudential US Blue chip Equity Fund

ICICI Prudential Banking & Financial Services Fund

ICICI Prudential FMCG Fund

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