ICICI Prudential Mutual Fund - 0.00% for Insurance and Investment - Mutual Fund
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Last updated: 19 Sep 2025, 01:34 PM
ICICI Prudential Mutual Fund: Empowering Wealth Creation with Innovation
ICICI Prudential Mutual Fund, established in 1993 as a joint venture between ICICI Bank (India’s leading private sector bank) and Prudential Plc (a UK-based global financial services group), is headquartered in Mumbai. As India’s second-largest asset management company by AUM, it offers a wide range of investment solutions backed by strong research and a customer-centric approach.
In-Depth Details
Key Highlights
- Products Offered: Over 100 schemes across equity (e.g., Bluechip Fund, Value Discovery Fund), debt (e.g., Corporate Bond Fund, Liquid Fund), hybrid (e.g., Balanced Advantage Fund), solution-oriented (e.g., Retirement Fund, Child Care Fund), ELSS tax-savers, ETFs, and index funds—designed for growth, income, tax savings, and balanced portfolios with SIPs starting at ₹100.
- Reach & Scale: 280+ branches across 180+ cities, 1.2 crore+ investors, and 80,000+ distribution partners; digital platforms like the iPru Touch app and WhatsApp services ensure seamless access.
- Performance Metrics: Assets Under Management (AUM): ₹7,88,990 crore (as of June 30, 2025); top schemes include Bluechip Fund (₹66,245 crore AUM, 15.8% 5-year CAGR), Balanced Advantage Fund (₹62,150 crore, 13.5%+ annualized returns), and Value Discovery Fund (20%+ 5-year CAGR); monthly SIP inflows: ₹2,500 crore+ (FY 2024-25).
- Achievements: Recognized for consistent fund performance, with 95% of schemes outperforming benchmarks (FY24); awarded ‘Best Fund House’ at Morningstar Awards 2024; pioneered dynamic asset allocation with Balanced Advantage Fund; noted for digital innovation and investor education initiatives.
