ICICI Asset Management Company manages the assets of ICICI Prudential Mutual Fund house. ICICI Prudential Mutual Fund is the result of joint venture between ICICI Bank, which is a well-known bank in India and Prudential Plc., which is UK’s largest player in the financial services industry. It is one of the leading mutual fund houses in India, and has a total of Rs.2,93,337 cr AUM (Assets Under Management)as of December 31, 2017. It offers various investment solutions across the asset classes for different kind of investment objectives, such as child education or marriage, wealth creation, retirement plan, etc. The AMC aims to build a portfolio for the clients that can be aligned with all kinds of investment goals.
Let us have a look at some of the recommended funds of ICICI Prudential MF by MySIPonline.
ICICI Prudential Balanced Fund
Since the fund belongs to the hybrid category, it aims to accomplish long-term monetary growth and regular income by investing in equity and equity related securities as well as debt and money market instruments. Hence, the fund brings about benefits of both- growth from equity investment, and lower risk along with steady income from investment in debt instruments. Let’s now analyze how the fund has performed annually for the last five years by comparing its returns with that of its own benchmark (CRISIL Hybrid 35+65 Aggressive).
It is evident from the table above that the fund has outperformed its benchmark prominently in every year except for the year 2015. Those investors who can tolerate moderately high risk can look forward to investing in this fund.
ICICI Prudential Focused Bluechip Fund
It is a large-cap equity fund that invests a major part in equity and equity related instruments, whereas now the portfolio has focused on 20 companies belonging to large-cap space, and the remaining in cash and money market instruments. Even after being a latecomer in the mutual fund market, the fund today has secured a four-star rating from Value Research and Morningstar. Let us look at the past five-year performance of the fund-
The fund has outstandingly secured remarkable returns in all the years, but its performance went down because of the bear market in the year 2015.
ICICI Prudential MIP 25
It is a hybrid debt-oriented fund which was launched on March 30, 2004, and since then it has successfully provided 10.23% returns. It tends to generate capital appreciation by investing 70%-100% in debt and money market instruments, and up to 30% in equity securities. Let us have a look at the performance of the fund as compared with its own benchmark.
Analyzing the performances of the funds above will make it easier for you to decide which fund will be the best option to achieve your investment objective. And if your fund’s objective does not align with your investment goal, you may look for other funds provided by the ICICI Prudential Mutual Fund by seeking suggestions from us. We will be more than delighted to help you start your investment in mutual funds, and assure to guide you throughout the process.