When investing in mutual funds, there are many options available. Among all mutual funds, ICICI Prudential is a popular choice for investors. ICICI Prudential Mutual Fund is among India's leading mutual fund companies. It has a wide range of mutual fund schemes that cater to the different requirements investors have.
This article glances at some of the best ICICI Prudential mutual funds and their returns.
ICICI Prudential mutual fund returns
Generally, the returns on mutual funds depend on market conditions, fund management and investment strategy. ICICI Prudential mutual funds have a strong track record of generating good returns across different categories of mutual funds. Let's look at some of the best ICICI Prudential mutual funds.
Best ICICI Prudential mutual funds
-
ICICI Prudential Bluechip Fund
This is a large-cap equity mutual fund that invests in blue chip companies with a track record of stable earnings and high growth potential. The fund has delivered an average annual return of 14.38% over the last five years.
The fund's top holdings include HDFC Bank, Infosys, and Reliance Industries. The fund's expense ratio is 1.96%, which is higher than some other large-cap mutual funds.
-
ICICI Prudential Equity & Debt Fund
This is a hybrid mutual fund that invests in equity and debt securities. The fund's equity portion is invested in high-quality companies with strong earnings track records, while the debt portion is invested in high-quality debt securities. The fund has delivered an average annual return of 12.97% over the last five years.
The fund's expense ratio is 1.94% which is slightly higher than some other hybrid mutual funds.
-
ICICI Prudential Balanced Advantage Fund
This is a dynamic asset allocation mutual fund that invests in equity and debt securities based on market conditions. The fund has delivered an average annual return of 15.23% over the last five years.
The fund's equity portion is invested in high-quality companies with a strong track record of earnings, while the debt portion is invested in high-quality debt securities. The fund's expense ratio is 1.87%, which is lower than some other dynamic asset allocation mutual funds.
-
ICICI Prudential Midcap Fund
A mid-cap equity mutual fund that invests in mid-cap companies with high growth potential. The fund has delivered an average annual return of 19.85% over the last five years.
The fund's top holdings include Cholamandalam Investment, Voltas, and Atul. The fund's expense ratio is 2.03%, which is higher than some other mid-cap mutual funds.
-
ICICI Prudential Long Term Equity Fund (Tax Saving)
An Equity Linked Saving Scheme (ELSS) that offers tax benefits under Section 80C of the Income Tax Act. The fund has delivered an average annual return of 15.01% over the last five years.
The fund's top holdings include HDFC Bank, Infosys, and ICICI Bank. The fund's expense ratio is 2.26%, which is slightly higher than some other ELSS funds.
-
ICICI Prudential Small Cap Fund
A small-cap equity mutual fund that invests in companies with high growth potential. The fund has delivered an average annual return of 20.67% over the last five years.
The fund's top holdings include Dixon Technologies, Carborundum Universal and Amber Enterprises India. The fund's expense ratio is 2.38%, higher than some other small cap mutual funds.
-
ICICI Prudential Technology Fund
A sectoral equity fund that invests primarily in technology companies with strong growth potential. The fund has delivered an average annual return of 25.61% over the last five years, making it a popular choice among investors looking for high returns in the technology sector.
The fund has a concentrated portfolio, with top holdings including Infosys, Tata Consultancy Services and HCL Technologies. As a sectoral fund, it carries a higher risk than diversified funds and should be considered only part of a well-diversified portfolio. The fund's expense ratio is 1.92%.
-
ICICI Prudential Corporate Bond Fund
A debt fund that invests in high-quality corporate bonds, with high credit ratings. The fund has a diversified portfolio and is suitable for investors looking for a stable source of regular income.
-
ICICI Prudential Banking and PSU Debt Fund
A debt fund that invests in debt securities issued by banks and public sector undertakings (PSUs). The fund aims to generate regular income by investing in high-quality debt securities with high credit ratings. The fund has a diversified portfolio and is suitable for investors looking for a stable source of regular income.
Conclusion
ICICI Prudential Mutual Funds have a strong track record of generating good returns across different categories of mutual funds. These ICICI Prudential Mutual Funds are an excellent choice for investors looking to invest in mutual funds that offer consistent returns and align with their investment objectives.
Note: To help plan your trading activities and investment strategies, find here the NSE Holidays 2023, BSE Holidays 2023, MCX Holidays 2023, and Muhurat Trading 2023. Also, see here to know more about the stock market timings.
Disclaimer
The investment options and stocks mentioned here are not recommendations. Please go through your own due diligence and conduct thorough research before investing. Investment in the securities market is subject to market risks. Please read the Risk Disclosure documents carefully before investing. Past performance of instruments/securities does not indicate their future performance. Due to the price fluctuation risk and the market risk, there is no guarantee that your personal investment objectives will be achieved.