ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund is managed by ICICI Prudential Asset Management Company Limited. The mutual fund was set up in 1993 and is sponsored by ICICI Bank Limited and Prudential Plc. The AMC offers mutual fund schemes across equity, debt, hybrid, passive, and fund-of-funds categories. It also has solution-oriented schemes such as children’s and retirement funds.

Data as of 31 August, 2026.

ICICI Prudential Mutual Fund is known for its research-led approach to investing. Instead of using the same strategy for every scheme, it uses different teams and approaches depending on the fund type and asset class.

For example, many of its schemes have more than one fund manager. Some popular fund managers include Sankaran Naren, Manish Banthia, Dharmesh Kakkad, Rajat Chandak, Sharmila D’Silva and Vaibhav Dusad, among others.

It also uses its own tools to study market valuation. One of them is the Equity Valuation Index (EVI). It looks at factors such as price-to-earnings and price-to-book. For debt investments, it uses the Debt Valuation Index (DVI). This looks at factors such as inflation, market returns, government bond yields, the current account balance, fiscal balance, credit growth, and crude oil movements.

What stands out about this AMC is the way it combines dedicated fund-management teams with its own valuation tools and different investment approaches across schemes.

This mutual fund house offers a wide range of schemes across various categories, including equity schemes, hybrid schemes, fund-of-funds, and debt schemes. Its wide range includes:

Equity makes up the largest part of ICICI Prudential’s scheme range. This gives you plenty of options if you’re looking for equity-based investments across different market segments.

Apart from that, there are multiple other categories to choose from. But don’t get confused comparing all the schemes at once. First, decide what you want to invest in. Not every scheme works in the same way. For example, hybrid funds combine equity and debt, while fund-of-funds invest in other funds. So, before picking the fund, check where it actually puts your money instead of choosing a fund just because its name sounds familiar.

When you invest in ICICI Prudential mutual fund schemes, your money is not simply handed over to the AMC to use as it wants. There is a proper system in place. The AMC invests your money in different securities based on the scheme's investment objective. These securities are held by a separate custodian, which is not the same as the AMC.

The mutual fund structure also has different parties with different responsibilities. The AMC manages the investments, while the trustee oversees the fund and keeps a check on the AMC’s activities.

This entire setup works under the regulatory framework set by SEBI. So, there are checks in place around how mutual funds are managed and how the scheme’s assets are held. However, this doesn’t mean your investment is completely risk-free. Mutual funds invest in market-linked securities, so your investment value can still rise or fall depending on market conditions and the type of scheme you choose.

To assess its track record, let’s look at how some ICICI Prudential mutual fund schemes have performed against their 3 and 5-year category average returns.

3-year returns vs category comparison

5-year returns vs category comparison

You must note that past performance may or may not continue in the future. Therefore, use it as one part of your research rather than a guarantee of future returns.

Rather than chasing the top ICICI Prudential mutual funds based on past performance, assess your own requirements to find a more suitable scheme, such as:

• Financial goals: Be clear about what you’re investing for. It could be a short-term goal like buying a laptop, planning a vacation, or a longer-term goal like a down payment for your dream house or achieving FIRE at 50. Different schemes suit different financial goals.
• Time horizon: Based on your financial goal, estimate how long you can stay invested. You may find some schemes that suit a 3-5 year time horizon, while others suit a 7+ year time horizon. Knowing your investment timeline gives you more clarity to pick the right scheme.
• Risk level: You should choose a scheme type based on how much market fluctuation you can handle against the returns. For instance, equity funds offer you more growth at a higher risk, whereas debt funds offer stable performance with lower growth potential.
• Category: Based on the goal, time horizon, and risk level, decide which category of funds will suit you the best. Each category, such as equity funds, debt funds, hybrid funds, index funds, or other funds, has a different mix of risk and return potential to offer.

To pick the best ICICI Prudential mutual funds, first identify a category that suits your needs. Then can compare schemes based on their investment approach, portfolio, cost, and past performance.

Investing in ICICI Prudential SIP plans or lump sum on Millions is super easy. Download the Millions app from the Google Play Store or iOS App Store, and create a free account by completing KYC. Then, follow these simple steps:

• Go to the MF section on the dashboard.
• Search for “ICICI Prudential Mutual Funds”.
• From all the available funds, select the scheme of your choice.
• You can check its historical performance, holdings, costs, risk level, fund managers, and other details to understand the scheme better.
• Once you finalise, tap ‘SIP’ or ‘One-time’, based on your preference.
• Enter the amount you’d like to invest. For SIP, choose monthly, weekly, or daily frequency and your preferred debit date.
• Verify all the details and click ‘Invest Now’. Enter the OTP, and you’re all set!

You can start with a small amount. Each scheme has its own minimum investment. Some ICICI Prudential SIP plans start from ₹100, while lump-sum investments start from ₹5,000. Check the ‘Scheme Snapshot’ on Millions for the minimum investment for a specific scheme.

You can also use the ‘SIP calculator’ in the Tools section to estimate how much your investment could grow based on your SIP amount, investment period, and expected return. Remember, this is only an estimate, and actual results can differ.

Choosing a Direct Plan can help you lower costs as it has a lower expense ratio. Before you invest, compare schemes, know the risks, and choose the amount you're comfortable investing.