ICICI Prudential Mutual Fund, established in 1993 as a joint venture between ICICI Bank and Prudential Plc.**
ICICI Prudential Mutual Fund has been consistently among the largest mutual funds in terms of AUM (Assets Under Management).
In 2012, ICICI Prudential AMC entered a tie-up with Syndicate Bank, now Canara Bank, to strengthen distribution channels further.
Nimesh Shah has been leading ICICI Prudential AMC as the MD & CEO since July 2007. Sankaran Naren is the Chief Investment Officer (CIO). Naren, popular for this ‘value investing’ approach manages the largest value fund in India: ICICI Value Discovery Fund (AUM: ₹30,000+ crore)
**Prudential Plc, one of the world's oldest and most influential insurance companies, holds a 49% stake in the joint venture, while ICICI Bank holds the majority share of 51%. Prudential Group has plans to reduce its shareholding pattern below 25% as per SEBI regulations and offload 3.7% of its stake.
As of February 2024
Schemes
128
AUM
₹7,40,943 Cr
AUM growth
₹24,805 Cr
Fund managers
30
Name | Fund size | Expense Ratio | 1 Y | 3 Y |
---|---|---|---|---|
ICICI Prudential BHARAT 22 FOF Direct Growth Fund of Funds Very High Risk | ₹1,178 Cr | 0.18% | 69.6% | 41.0% |
ICICI Prudential Infrastructure Fund Direct Growth Equity - Infrastructure Very High Risk | ₹5,004 Cr | 1.02% | 68.9% | 40.7% |
ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth Retirement Very High Risk | ₹729 Cr | 0.73% | 59.6% | 32.5% |
ICICI Prudential Manufacturing Fund Direct Growth Equity - Other Very High Risk | ₹3,882 Cr | 0.69% | 70.0% | 32.4% |
ICICI Prudential Dividend Yield Equity Fund Direct Growth Dividend Yield Very High Risk | ₹3,716 Cr | 0.52% | 56.1% | 32.3% |
ICICI Prudential Smallcap Fund Direct Growth Small-Cap Very High Risk | ₹7,658 Cr | 0.57% | 45.9% | 30.2% |
ICICI Prudential India Opportunities Fund Direct Growth Equity - Other Very High Risk | ₹19,072 Cr | 0.59% | 49.3% | 30.0% |
ICICI Prudential Large & Mid Cap Fund Direct Growth Large & Mid-Cap Very High Risk | ₹13,117 Cr | 0.75% | 47.4% | 27.9% |
ICICI Prudential Midcap Fund Direct Growth Mid-Cap Very High Risk | ₹5,814 Cr | 0.94% | 59.7% | 27.2% |
ICICI Prudential Business Cycle Fund Direct Growth Equity - Other Very High Risk | ₹8,227 Cr | 0.77% | 52.7% | 26.7% |
₹11,443 Cr
AUM
6
Schemes
₹69,587 Cr
AUM
44
Schemes
Sharmila D’mello
₹4,18,036 Cr
AUM
43
Schemes
₹2,23,151 Cr
AUM
12
Schemes
₹79,836 Cr
AUM
10
Schemes
Rohit Lakhotia
₹25,541 Cr
AUM
13
Schemes
Identify red flags in your mutual funds and how to fix them
Mutual fund name | ICICI Prudential Mutual Fund |
AMC Incorporation Date | June 22, 1993 |
Sponsor name | Prudential Plc and ICICI Bank Ltd. |
Name of trustees | ICICI Prudential Trust Ltd |
CIO | Mr. S Naren |
Compliance Officer | Ms. Supriya Sapre |
MD and CEO | Mr. Nimesh Shah |