ICICI Prudential Mutual Fund, a joint venture between ICICI Bank and Prudential Plc, ranks among the leading asset management players offering a myriad of MF schemes to cater the specific investor needs. For those wanting to sky rocket their investment value, the best-in-class equity funds await them at ICICI Prudential MF.
The trusted fund house also has schemes attuned to the needs of risk-averse investors in the form of high-quality debt funds. And even those who want to enjoy the merry run of both capital growth and safety of the investment, there are top-performing balanced funds waiting for them at this 2-decade old AMC. Let’s find out the best funds across each of the categories in this article
Equity Funds All Set to Soar Your Money
These funds can take your money to unprecedented highs, riding on the bull run of the capital market. ICICI MF has some equity funds that have churned out returns to the tune of 20% and more since their time of inception. Wanna see these funds? Take a look below.
ICICI Prudential Dynamic Plan
The majority of the fund corpus is dispersed across the equities to raise the investor capital over time. Besides, a few chunk also goes to quality debt instruments to ensure a regular flow of income for the investors to enjoy. Since its inception in 2002, the fund has helped investors rake in a return of 23.88%. Its recent performances are also noteworthy with its 1-year and 3-year returns standing at 18.44% and 12.15%, respectively.
ICICI Prudential Value Discovery Fund
One of the best diversified equity funds in the MF space, ICICI Prudential Value Discovery Fund constitutes a portfolio of value stocks with attractive valuations in accordance with the book value or current value. It has struck a right chord with the investors by providing them a return of 22.11% since founded in 2004. Besides, it has performed well in the recent times by offering 10.39% and 12.86% returns in 1 and 3 years, respectively.
ICICI Prudential Long-Term Equity Fund (Tax Saving)
Doesn’t matter how much we earn, the focus is still on the savings. And when you get the tax-saving bonanza besides the money-making machine of equity, your delight goes to another level. Yes, ICICI Prudential Long-Term Equity Fund (Tax Saving) has these ingredients to lift your investment mood. The fund’s return since inception stands at 21.19%. Its 1-year and 3-year returns are 6.90% and 10.21%, respectively.
Debt Funds - The Other Name of Regular Income
These funds ensure regular income generation by investing predominantly in fixed income instruments. Let’s check out some of the top-performing debt funds of ICICI MF.
ICICI Prudential Constant Maturity Gilt Fund
The fund offers reasonable returns by investing in a portfolio of government securities with an average maturity of about 10 years. In a period spanning around 3 years, the fund has provided 11% return to the investors. Besides, it has performed reasonably well recently with returns of 6.25% and 10.70% in the last one and three years, respectively.
ICICI Prudential Long-Term Plan
By investing in a range of debt and money market instruments, the fund strikes a balance of yield, safety and liquidity. The double-digit return of 10.32% since inception makes this fund one of the most attractive in the MF space. Even its recent performances are worth a mention. While its 1-year return stands at 8.42%, the 3-year return goes up to 11.48%.
ICICI Prudential Long-Term Gilt Fund
The fund looks to generate steady and consistent returns by investing in a portfolio of government securities with different maturities. The fund managers ensure a proper asset allocation to mitigate interest rate risks. Due to the efficient allocation, the fund has posted a return of 10.32% since its inception. And when we talk about 1-year and 3-year returns, they are at 6.52% and 11.42%, respectively.
Top ICICI Hybrid Funds Ready to Bolster Return and Safeguard Investment
These hybrid funds, by virtue of their investment in both equity and debt instruments, ensure your money grow and remain safe at the same time. So, what are you waiting for? Just invest in the following hybrid funds.
ICICI Prudential Child Care Plan - Gift Plan
Around 65% of the investment is diverted to equity instruments, which offer the potential for higher returns. The remaining 35% corpus would then go into debt markets to provide a great deal of safety. Since incepted in 2001, the fund has made a moolah for the investors with an impressive return of 16.98%. On the other hand, the 1-year and 3-year returns stand at 6.83% and 9.26%, respectively.
ICICI Prudential Advisor Series - Long Term Savings
With a view to generating capital appreciation over the long term, the fund invests in ICICI MF Schemes having asset allocation predominantly in equity and equity-related instruments. A few portion of the fund corpus also goes towards debt and money-market securities. As a result of such allocation, the fund has helped investors rake in a return of 13.97%. The recent performances are solid with returns of 15.87% and 11.72% in a period of last 1 year and 3 years, respectively.
So, bet on these top-performing ICICI Prudential Mutual Fund Schemes and give yourself the reasons to cheer. The combo of return and safety is the highlight of these schemes which invest in a wide range of equity and debt instruments to serve the purpose.
Disclaimer - Mutual Funds are subject to market risks. Please read the scheme related documents carefully before investing.
Nice information.
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