ICICI Prudential Mutual Fund: AUM, Schemes & Fund Details
ICICI Prudential Mutual Fund manages over ₹11.7 lakh crore across 116 schemes. See its AUM, fund managers and top-performing funds in one place.
ICICI Prudential Mutual Fund is the asset management arm of a joint venture between ICICI Bank and the UK's Prudential Plc, running 116 schemes with roughly ₹11.70 lakh crore in assets under management (AUM). It is one of India's largest fund houses by AUM, with options spanning equity, debt, hybrid and commodity categories. This guide covers its AUM, leadership, and its top 10 funds by risk-adjusted performance.
Key Takeaways
- ICICI Prudential Mutual Fund manages about ₹11.70 lakh crore (₹11,69,999.45 crore) in AUM across 116 schemes.
- The AMC was incorporated on 12 October 1993 and is a joint venture between ICICI Bank and Prudential Plc, making it roughly 32 years old.
- Sankaran Naren and Manish Banthia lead investments as Chief Investment Officers, with Nimesh Shah as MD and CEO.
- Its top 10 funds by risk-adjusted performance span Debt, Hybrid, Equity and Solution-Oriented categories.
- Investors can start an SIP in any ICICI Prudential fund online through a SEBI-registered platform like Invo Wealth.
What Is ICICI Prudential Mutual Fund?
ICICI Prudential Asset Management Company Ltd. is a joint venture between ICICI Bank, one of India's largest private banks, and Prudential Plc, a UK-based financial services group with operations across Asia and Africa. The AMC was incorporated on 12 October 1993 and has grown into one of India's largest fund houses, managing roughly ₹11.70 lakh crore in mutual fund assets across 116 schemes.
Beyond mutual funds, the AMC also runs Portfolio Management Services (PMS) and International Advisory Mandates in Debt, Equity and Real Estate. Its scale has grown substantially since the joint venture began in 1998 with just 2 locations and 6 employees — as of 31 January 2024, it employed 3,072 people across more than 350 locations and served roughly 97 lakh investors.
Who Manages ICICI Prudential Mutual Fund?
The AMC's investment side is led by Sankaran Naren and Manish Banthia, who serve as Chief Investment Officers (Banthia focused on debt), while Nimesh Shah holds both the MD and CEO roles. Supriya Sapre serves as Compliance Officer, and the fund house operates under the ICICI Prudential Trust Ltd trustee structure, headquartered at One BKC, Bandra Kurla Complex, Mumbai.
ICICI Prudential Mutual Fund: Key Information
| Field | Detail |
|---|---|
| Total AUM | ₹11,69,999.45 crore |
| Number of Schemes | 116 |
| AMC Age | 32 years |
| Incorporation Date | 12 October 1993 |
| Sponsors | Prudential Plc and ICICI Bank Ltd. |
| Trustee Organisation | ICICI Prudential Trust Ltd |
| CIO | Sankaran Naren, Manish Banthia (Debt) |
| MD / CEO | Nimesh Shah |
| Compliance Officer | Supriya Sapre |
| Address | One BKC, A Wing, 13th Floor, Bandra Kurla Complex, Mumbai 400051 |
What Are the Top 10 ICICI Prudential Mutual Funds?
These are ICICI Prudential's strongest funds ranked using Invo Wealth's internal fund-quality score; the score itself isn't shown here — only the underlying return and risk numbers it's based on.
Returns: CAGR Across Time Periods
| Fund Name | Category | 6M CAGR | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| ICICI Prudential Gilt Fund | Gilt Fund | 4.77% | 4.45% | 6.73% | 6.11% |
| ICICI Prudential Aggressive Hybrid Fund | Aggressive Hybrid Fund | 1.93% | 2.40% | 13.34% | 14.78% |
| ICICI Prudential Balanced Advantage Fund | Dynamic Asset Allocation / BAF | 7.46% | 5.75% | 11.19% | 10.48% |
| ICICI Prudential Focused Fund | Focused Fund | 4.98% | 2.59% | 16.16% | 14.57% |
| ICICI Prudential Large & Mid Cap Fund | Large & Mid Cap Fund | 7.44% | 4.61% | 15.40% | 16.12% |
| ICICI Prudential Large Cap Fund | Large Cap Fund | -4.37% | -2.08% | 11.17% | 11.12% |
| ICICI Prudential Value Fund | Value Fund | -7.73% | -2.07% | 12.15% | 14.56% |
| ICICI Prudential Retirement Fund (Pure Equity) | Retirement Fund | 13.78% | 9.47% | 18.78% | 18.32% |
| ICICI Prudential Conservative Hybrid Fund | Conservative Hybrid Fund | 4.91% | 3.57% | 8.33% | 7.86% |
| ICICI Prudential Dynamic Term Fund | Dynamic Bond Fund | 5.39% | 5.17% | 7.06% | 6.34% |
Risk and Consistency Metrics
| Fund Name | ISIN | Mean 1Y Rolling Return | Volatility | Max Drawdown (3Y) | Sortino Ratio |
|---|---|---|---|---|---|
| ICICI Prudential Gilt Fund | INF109K01JR4 | 6.29% | 2.78% | -2.70% | -0.14 |
| ICICI Prudential Aggressive Hybrid Fund | INF109K01480 | 20.87% | 11.90% | -11.41% | 0.74 |
| ICICI Prudential Balanced Advantage Fund | INF109K01BH2 | 12.25% | 8.35% | -8.30% | 0.72 |
| ICICI Prudential Focused Fund | INF109K01BZ4 | 20.76% | 16.21% | -17.16% | 0.80 |
| ICICI Prudential Large & Mid Cap Fund | INF109K01431 | 22.25% | 15.63% | -15.09% | 0.75 |
| ICICI Prudential Large Cap Fund | INF109K01BL4 | 17.15% | 15.11% | -15.61% | 0.39 |
| ICICI Prudential Value Fund | INF109K01AF8 | 21.50% | 13.48% | -14.20% | 0.54 |
| ICICI Prudential Retirement Fund (Pure Equity) | INF109KC1TQ6 | 24.17% | 19.56% | -17.37% | 0.81 |
| ICICI Prudential Conservative Hybrid Fund | INF109K01902 | 8.98% | 3.83% | -3.12% | 0.50 |
| ICICI Prudential Dynamic Term Fund | INF109K01GN9 | 6.45% | 1.93% | -1.50% | 0.05 |
How to Read These Numbers
CAGR (compound annual growth rate) shows how a fund's returns have compounded over a given period. Sortino ratio measures return earned per unit of downside risk — a higher number means better risk-adjusted performance. Max drawdown shows the largest fall from a peak over the past 3 years, and the mean 1-year rolling return shows the average return an investor would have earned over any 1-year holding period in the last 3 years, smoothing out the effect of picking a single start date.
How to Invest in ICICI Prudential Mutual Fund
You can invest in any ICICI Prudential scheme online through a AMFI-registered mutual fund distributor such as Invo Wealth: sign up, complete paperless KYC, and start a lump sum or SIP investment. Invo Wealth also gives you a consolidated view of your full portfolio, so you can track ICICI Prudential funds alongside investments from other AMCs in one place.
Conclusion
ICICI Prudential Mutual Fund pairs the scale of a joint venture backed by ICICI Bank and Prudential Plc with a fund lineup spanning nearly every retail category, from gilt and hybrid funds to sector-focused equity funds. With ₹11.70 lakh crore in AUM across 116 schemes and over three decades of track record, its size alone makes it a fund house most Indian investors will encounter when comparing options.
Frequently asked questions
How do I start an SIP in ICICI Prudential Mutual Fund online?
You can start an SIP through a SEBI-registered platform like Invo Wealth — sign up, complete your KYC, choose a scheme, and set your monthly investment amount. Most SIPs begin within a day of setup, and you can also invest directly through the fund house's own website.
How is an ICICI Prudential Mutual Fund SIP amount calculated?
Your SIP outcome depends on your investment amount, tenure, number of instalments already paid, and the expected rate of return. Investors typically use an SIP calculator to estimate the maturity value before starting.
How do I redeem an ICICI Prudential Mutual Fund investment?
You can redeem online using your folio number through the fund house's website or the platform you invested through, or submit a redemption form offline at the nearest office. Proceeds are usually credited within a few working days, depending on the scheme.
Can I increase my SIP amount in an ICICI Prudential Mutual Fund later?
Yes, through a step-up (or top-up) SIP request placed with the fund house or your investment platform, a facility most AMCs now support. It's worth checking the exact terms with the fund house first, since they can vary by scheme.
How do I stop an ICICI Prudential Mutual Fund SIP online?
You can cancel an SIP at any time by placing a Cancel SIP request through the fund house's website or your investment platform, using your folio number. There's no lock-in or penalty for stopping a regular SIP.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. This article is for education only and is not investment advice. Past performance does not guarantee future returns. Invo Wealth is an AMFI-registered mutual fund distributor (ARN-368528).