The ICICI Prudential Mutual Fund provides a vast array of retail and institutional investing options across several asset classes, including Equity, Hybrid, Debt, Solution-Oriented, and Many others. This article gives an overview on Best ICICI Mutual Funds to invest in 2022.
The Financial Institution has always endeavoured to offer investors financial services to assist them in attaining their lifecycle goals.
Further, the fund house has created several products to fulfil consumer demands, resulting in a portfolio of approximately 68 mutual funds.
The exponential rise in the number of investors in mutual funds over the years is evidence of the accomplishments of the numerous initiatives.
As of March 31, 2019, the AMC's investment base included 4 million individuals. ICICI Prudential Mutual Fund has earned investor confidence by managing funds following its investment goals and delivering superior risk-adjusted outcomes.
So in case you are looking to invest in the ICICI mutual funds, you have the right decision!
This post will cover some of the top-performing ICICI Mutual Funds you might consider adding to your investment portfolio.
List of Top Performing ICICI Mutual Funds (2022)
1. ICICI Prudential Technology Direct Plan
The ICICI Prudential Technology Direct Plan-Growth is a Sectoral-Technology mutual fund.
This fund has existed for nine years and four months, created on January 1, 2013.
As of March 31, 2022, ICICI Prudential Technology Direct Plan-Growth has 8,742 Crores in assets under management (AUM) and is a medium-sized fund within its category.
The one-year returns for this mutual fund are 19.09 per cent, and since its inception, it has generated average yearly returns of 23.72 per cent.
Additionally, every two years, the money invested gets doubled
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2. ICICI Prudential Smallcap Fund Direct Plan
The ICICI Prudential Smallcap Fund Direct Plan-Growth is an Equity mutual fund plan, and its AUM amounts to 3,619.64 Crores.
The returns success of the ICICI Prudential Smallcap Fund Direct Plan-Growth scheme is 24.76 per cent over the last year, 103.57 per cent for the past three years, and 323.41 per cent from the plan's inception.
The minimum SIP investment required for this plan is 100. The ability of the ICICI Prudential Smallcap Fund Direct Plan-Growth plan to continuously generate returns is comparable to that of the majority of funds in its class.
It has an above-average capacity to limit losses in a collapsing market. Most of the fund's assets are allocated to the Services, Technology, Capital Goods, Healthcare, and Construction industries.
It has less allocation to the Services and Capital Goods sectors than other funds in the same category.
The top five positions held by the fund are Mahindra Lifespace Developers, INOX Leisure Ltd., Ltd., Kei Industries Ltd., Cyient Limited, and Jamna Auto Inds. Ltd.
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3. ICICI Prudential Value Discovery Fund
This fund creates returns via dividend income and capital gains by mainly investing in various value equities. Value stocks have favourable prices relative to profits, book value, and/or present and/or prospective dividends.
Currently, the fund has an AUM of Rs 4,70,644 cr. Further, the fund has been offering an annual average return of 19.89% since its beginning.
Investors with a sophisticated understanding of macro trends and a preference for taking selected bets for better returns than other Equity funds must choose this scheme.
Even while the market is doing well, these investors must still be prepared for moderate to substantial losses in their portfolios.
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4. ICICI Prudential Exports and Other Services Fund
The ICICI Prudential Exports and Services Fund Direct-Growth is a mutual fund that invests in exports and services. It is a medium-sized fund with 925 crores in AUM as of 31st March 2022.
Since its inception, the ICICI Prudential Exports and Services Fund Direct-Growth program has returned 16.62 per cent in the previous year, 60.70 per cent in the last three years, and 384.44 per cent.
The minimum SIP amount for this scheme is $100. The financial, health, communications, technology, and insurance industries comprise most of the fund's assets.
Compared to other investments in the sector, it has less allocation to the Financial and Healthcare industries.
The top five holdings of the fund's include Housing Development Finance Corpn. Ltd., Bharti Airtel Ltd., Cipla Ltd., HDFC Bank Ltd., and Infosys Ltd.
5. ICICI Prudential Large & Mid Cap Fund Direct Plan-Growth
The ICICI Prudential Large & Mid Cap Fund Direct Plan-Growth is an Equity mutual fund. This fund has existed for nine years and four months, established on January 1, 2013.
As of March 31, 2022, the scheme has 4,704 Crores in assets under management (AUM) and is a medium-sized fund within its class.
The fund's cost ratio of 1.3% is greater than that of most other Large & Mid-cap funds. The minimum SIP investment required for this plan is 100.
The one-year returns for this scheme are 18.85%. Since its inception, it has generated average yearly returns of 14.46 per cent.
The ability of the ICICI Prudential Large & Mid Cap Fund Direct Plan to continuously generate returns is comparable to that of the majority of funds in its category.
It has an above-average capacity to limit losses in a declining market. The major holdings of the scheme include HDFC Bank Ltd., State Bank of India, Bharti Airtel Ltd., Bharti Airtel Ltd. etc.
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6. ICICI Prudential Dividend Yield Equity Fund Direct-Growth
The ICICI Prudential Dividend Yield Equity Fund aims to deliver medium to long-term capital appreciation and/or dividend distributions by holding in a well-diversified basket of mostly equity and equity-related assets, which would provide an excellent dividend growth.
As of 31 March 2022, it has 910 Crores in assets under management (AUM), making it a medium-sized plan within its category.
The returns on this fund during the last year were 22.94 per cent, and since its inception, the average yearly return has been 13.48%.
Further, most of the fund's asset allocation is in the Technology, Finance, Energy, Automobile, and Services sectors. The major holdings of the scheme include HCL Technologies Ltd., ICICI Bank Ltd, Infosys Ltd., Larsen & Toubro Ltd., etc.
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7. ICICI Prudential Focused Equity Fund - Growth
This fund is a focused mutual fund plan and has existed for nine years and four months. As of 31 March 2022, it has 3,091 Crores in AUM and is a medium-sized fund within its category.
The one-year returns for the fund were 12.02 per cent, and since its inception, it has generated average annual returns of 13.50 percent.
The bulk of the fund's assets are allocated to the Finance, Technology, Infrastructure, Automobile, and Energy industries
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8. ICICI Prudential Regular Savings Fund-Growth
This fund by ICICI Prudential is a Conservative Hybrid mutual fund scheme.
As of 31 March 2022, it has 3,285 Crores in AUM and is a medium-sized fund within its category.
The one-year returns on the fund were 6.97 per cent, and since its inception, it has generated average yearly returns of 10.54 per cent.
The majority of the fund's equity element is invested in the Finance, Communication, Tech, Insurance, and Healthcare industries.
The major holdings are of Vedanta Ltd., Bharti Airtel Ltd., GOI, L&T Metro Rail (Hyderabad) Ltd, etc.
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9. ICICI Prudential Balanced Advantage Direct-Growth
This mutual fund plan employs Dynamic Asset Allocation. As of 31 March 2022, its AUM amount to 39,761 Crores and is a medium-sized fund in its category.
Presently, the fund's equity exposure is 36.89%, and its debt exposure is 26.6%. The one-year returns for this scheme were 8.65 per cent. Since its inception, It has generated average annual returns of 12.69 per cent.
Further, most of the fund's stock holdings are in the Financial, Energy, Technology, Consumer Staples, and Automobile sectors. So the majority of the holdings are in GOI, Reserve Bank Of India, ICICI Bank Ltd, etc.
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10. ICICI Prudential All Seasons Bond Fund Direct Plan-Growth
The ICICI Prudential All Seasons Bond Fund Direct Plan-Growth is a mutual fund scheme for Dynamic Bonds. As of 31 March 2022, its assets under management (AUM) amount to 5,993 Crores, making it a medium-sized fund in its category.
The one-year returns for the ICICI Prudential All Seasons Bond Fund Direct Plan-Growth are 2.89 per cent. Since its inception,
It has generated average annual returns of 9.97 per cent. The fund's credit history is average, implying that it has made loans to borrowers of high quality.
Further, the holdings are in GOI, Vedanta Ltd, DME Development Ltd., and Embassy Office Parks REIT.
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How to Select the Best Fund of ICICI Prudential Mutual Fund?
To pick a better investment plan, it is essential to understand the fund's fundamental aspects. If the client is investing without help, it is much more necessary to understand how to choose a better plan.
Use the following criteria to differentiate the top ICICI Mutual Funds for SIP from the others.
1. Stability
The fund's performances in the highs and lows of stock market movements must be carefully assessed and compared to its rivals and indexes. Consistent performance irrespective of market circumstances is regarded as superior performance.
Nevertheless, this should not be the only factor to examine since previous performance does not guarantee the fund's future success.
2. Risk Vs. Return
Because the capital is invested in stocks, which might fluctuate for various reasons, equity plans have a significant risk. It is crucial to determine if the portfolio you are considering is risk-worthy.
3. Portfolio Structure
The finest ICICI Prudential Mutual Fund funds regularly disclose their portfolios. One may evaluate the portfolio by examining the instruments' quality and potential.
The portfolio also illustrates the fund's asset allocation, which the investor may evaluate for suitability.
4. Fund Manager
The fund manager has a significant impact on the performance of a mutual fund.
Seasoned and competent fund managers manage ICICI Prudential Mutual Fund's top-performing funds, and the manager's tactics are directly accountable for the fund's performance.
Why Invest in the Best ICICI Mutual Fund?
ICICI is a renowned brand in the financial services industry. It has quickly amassed several accolades in asset management by producing exceptional plans and preserving its status as a leading player.
It has earned the confidence of millions of affluent investors with its superior customer service and investor-centric strategy.
The fund company provides a diverse selection of mutual fund investments that combine savings and investing.
It allows investors to invest in equities of both foreign and local companies while diversifying their capital assets to guard against risk and satisfy future needs.
It has a team of Fund Managers that are specialists in the financial business and have the expertise to handle the company's financial products through challenging capital market circumstances.
ICICI Prudential Mutual Fund provides a vast selection of mutual funds throughout categories, catering to clients with varying risk tolerances.
The ICICI Mutual Fund schemes provide a secure investment vehicle for all investors, regardless of their financial objectives. Moreover, some schemes offer SIP just for Rs 100.
So anyone above 18 with the required documentation and start investing right away and earn gains in the long term.
SIP Calculator- Growth of SIP Investment
SIP is a method of investing a predetermined amount in mutual funds at regular periods. You may acquire mutual fund units every month using SIP investment for a set sum and date.
SIP investing is an automatic method of investing that does not involve human transactions. The SIP calculator refers to a basic tool that enables users to estimate the earnings on their SIP-based mutual fund schemes.
SIP calculators often demand variables such as the SIP investment value (target) one wishes to invest monthly and the years of investing necessary.
After entering the details, one may compute the SIP returns, and accordingly, they can make the amount selection and the number of years they would be willing to invest.
Conclusion
Since we all know that letting your savings sit idle in your savings account is not the right option in this current scenario. Further, several people are reluctant to invest directly in stocks owing to their volatile nature.
Yet, the ICICI mutual funds are safe options to begin your investment journey even as a beginner. By selecting the optimal ICICI Prudential Mutual Fund for SIP, one may ensure their economic future and increase their cash savings with good returns
Picking the right way of investing one's hard-earned income is a crucial step that should not be overlooked or taken carelessly. Investors must devote sufficient time to study or seek the aid of a credible professional to find the optimal ICICI Mutual Fund.
Frequently Asked Questions
1. Is ICICI good for mutual funds?
Undoubtedly, ICICI is very good for mutual funds, and it is a reputable fund house where you can get direct mutual fund services without any mediator. So by investing through their direct schemes, you will save all kinds of commissions and charges.
2. Which ICICI Bluechip fund is best?
The ICICI Bluechip fund is the best of all. This is suitable for the investors who want to invest their money for a short time, at least 3-4 years and want a high return from the companies. With this profit, investors must be prepared for significant investment losses.
3. Which mutual fund is best?
Numerous companies offer various types of mutual fund services. You might put your money in a SIP for a better return.
SIP is a method by which investors spend money to purchase units on a specific day each month, allowing them to create a savings plan for themselves. The primary benefit of SIP is that it reduces the need to beat the market.
4. Is ICICI Prudential Technology Fund good for the long term?
As of 20 May 2022, the ICICI Prudential Technology Fund's current asset value for the Income approach of its Regular plan is Rs 143.4400. 2.
It has lagging returns of 25.91 per cent (1 year), 35.28 per cent (3 years), and 29.42 per cent (5 years). It is a fantastic area to invest in long-term because the plan grows every year.
5. Is ICICI SIP a good investment?
For every investor, SIP is a very good plan. Here you can get the flexibility on your investment, different advantages of diversification and all kinds of tax benefits with a good higher return. It is a better decision to invest your money in SIP for all these reasons.
Here are the Best ICICI Mutual Funds:
