ICICI Prudential Mutual Fund – Know Complete Information

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ICICI Prudential Mutual Fund is among the most popular and trusted mutual fund houses in India.

The company is a joint venture between one of India’s biggest banks in ICICI, and one of the biggest names in the UK financial services industry in Prudential PLC. The company offers a variety of mutual fund schemes to meet the requirements of a diverse investor base.

Types of Mutual Funds Offered by ICICI Prudential

The following are the different types of mutual funds offered by ICICI Prudential:

Equity funds
Hybrid funds
Debt funds
Solution-oriented funds
Others

Equity Funds Offered by ICICI Prudential

The following are the equity funds offered by ICICI Prudential:

ICICI Prudential Bluechip Fund

Fund Type	Open-ended equity scheme
Entry Load	N/A
Exit Load	For units that are switched-out or redeemed before the completion of a year from when they were allotted, 1% of the NAV will be charged as exit loadFor units that are switched-out or redeemed after the end of a year from when they were allotted, no exit load will be charged
Benchmark
Fund Manager	Sankaran Naren and Rajat Chandak
Risk Factor	Moderately high

Investment Objective of ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund aims to generate capital growth over the long term and to offer income to investors via investment in a portfolio mainly consisting of equity and equity-related instruments of large cap companies.

Who is ICICI Prudential Bluechip Fund for?

The ICICI Prudential Bluechip Fund is suitable for those who want to create wealth in the long term by investing mainly in large cap stocks.

ICICI Prudential Long Term Equity Fund (Tax Saving)

Fund Type	Open-ended equity linked savings scheme
Entry Load	N/A
Exit Load	Nil
Benchmark
Fund Manager	George Heber Joseph
Risk Factor	Moderately high

Investment Objective of ICICI Prudential Long Term Equity Fund (Tax Saving)

ICICI Prudential Long Term Equity Fund aims to generate capital growth in the long term via investment mainly in equity and equity-related instruments of companies.

Who is ICICI Prudential Long Term Equity Fund (Tax Saving) for?

The ICICI Prudential Long Term Equity Fund is ideal for investors who want a solution for wealth creation in the long term while availing tax benefits under Section 80C of the Income Tax Act, 1961.

ICICI Prudential Multicap Fund

Fund Type	Open-ended equity scheme
Entry Load	N/A
Exit Load	For units that are switched-out or redeemed before the completion of 18 months from when they were allotted, 1% of the NAV will be charged as exit loadFor units that are switched-out or redeemed after the end of 18 months from when they were allotted, no exit load will be charged
Benchmark
Fund Manager	George Heber Joseph and Atul Patel
Risk Factor	Moderately high

Investment Objective of ICICI Prudential Multicap Fund

ICICI Prudential Multicap Fund aims to generate capital growth via investment in equity and equity-related securities of small-cap, mid-cap, and large-cap stocks of different industries.

Who is ICICI Prudential Multicap Fund for?

The ICICI Prudential Multicap Fund is ideal for investors who want to create wealth in the long term via investments in diversified mid-cap companies.

ICICI Prudential Technology Fund

Fund Type	Open-ended equity scheme
Entry Load	N/A
Exit Load	For units that are switched-out or redeemed before the completion of a year from when they were allotted, 1% of the NAV will be charged as exit loadFor units that are switched-out or redeemed after the end of a year from when they were allotted, no exit load will be charged
Benchmark
Fund Manager	Sankaran Naren and Ashwin Jain
Risk Factor	High

Investment Objective of ICICI Prudential Technology Fund

ICICI Prudential Technology Fund aims to generate capital growth in the long term via investment in a portfolio that consists of equity and equity-related instruments of technology and technology-dependent companies.

Who is ICICI Prudential Technology Fund for?

The ICICI Prudential Technology Fund is ideal for investors who want to create wealth in the long term via investment in equity and equity-related instruments of technology and technology-dependent companies.

ICICI Prudential Midcap Fund

Fund Type	Open-ended equity scheme
Entry Load	N/A
Exit Load	For units that are switched-out or redeemed before the end of a year from when they were allotted, 1% of the NAV will be charged as exit loadFor units that are switched-out or redeemed after the end of a year from when they were allotted, no exit load will be charged
Benchmark
Fund Manager	Mittul Kalawadia and Mrinal Singh
Risk Factor	Moderately high

Investment Objective of ICICI Prudential Midcap Fund

ICICI Prudential Midcap Fund aims to generate capital growth via active investment in a diversified portfolio of mid cap stocks.

Who is ICICI Prudential Midcap Fund for?

ICICI Prudential Midcap Fund is ideal for investors who want to create wealth in the long term via investment in the stocks of mid cap companies.

ICICI Prudential Smallcap Fund

Fund Type	Open-ended equity scheme
Entry Load	N/A
Exit Load	For units that are switched-out or redeemed before the completion of a year from when they were allotted, 1% of the NAV will be charged as exit loadFor units that are switched-out or redeemed after the end of a year from when they were allotted, no exit load will be charged
Benchmark
Fund Manager	Sankaran Naren and Atul Patel
Risk Factor	Moderately high

Investment Objective of ICICI Prudential Smallcap Fund

ICICI Prudential Smallcap Fund aims to generate capital growth via investment mainly in equity and equity-related instruments of small cap companies.

Who is ICICI Prudential Smallcap Fund for?

ICICI Prudential Smallcap Fund is ideal for investors who want to create wealth in the long term via investment in equity and equity-related instruments of small cap companies.

Tax Savings Mutual Funds from ICICI Prudential Mutual Fund

If you wish to invest in mutual funds and avail tax benefits through your investment, ICICI Prudential Long Term Equity Fund is a good option as it allows you to claim deductions to the extent of Rs.1.5 lakh under Section 80C of the Income Tax Act, 1961.

Who is Eligible for ICICI Prudential Mutual Fund?

Investment in ICICI Prudential Mutual Funds can be considered by the following entities:

Resident Indians
Non-Resident Indians (NRIs)
Banking institutions
Companies
Partnership firms
Hindu Undivided Families (HUFs)
Pension funds
Foreign Institutional Investors (FIIs)
Public Financial Institutions (PFIs)
Insurance companies
Parents or lawful guardians on behalf of minors
Trusts

ICICI Prudential Mutual Funds Documents

All investors are required to ensure that they are KYC compliant in order to make investments in ICICI Prudential Mutual Funds. If you are not KYC compliant, you will have to make an application for KYC compliance by filling up and furnishing the KYC form at the closest Point of Service. Here are the documents you will have to submit with your KYC application to make investments in ICICI Prudential Mutual Funds:

PAN Card
ID proof
Address proof
Passport-sized photograph

In order to open an account with ICICI Prudential Mutual Fund, you will require the following documents:

Application form, duly filled in
Cheque/DD from your bank
KYC acknowledgment
Third party declaration (for investment on behalf of minors)

How to Invest in ICICI Prudential Mutual Funds Online?

To make investments in ICICI Prudential Mutual Funds online, you will have to visit the website of the company (www.icicipruamc.com) and click on the ‘Login to Invest’ option under the ‘Invest Now’ section located on the right side of the page. In case you are a new investor, you will have to click on ‘Register Now’. Once you click on this option, you will be redirected to a new page where you will have to enter your folio number and create a username and password before checking the box that says you agree to the terms and conditions of the company’s online service. Then, click on submit. A one-time password will be sent to your registered mobile number and you will have to enter the OTP for verification purposes after which you can click on ‘Activate Now’ and start transacting.

Why Choose ICICI Prudential Mutual Funds?

Apart from the fact that ICICI Prudential enjoys a strong reputation and offers a substantial number of investment options that cater to the risk appetite of a wide variety of investors, the company employs some of the best fund managers who have years of experience coupled with the expertise to generate good returns for investors. ICICI Prudential Asset Management Company is sponsored by ICICI Bank, which is the biggest private sector bank in India, and Prudential PLC, which is among the biggest names in the UK’s financial services industry, making ICICI Prudential a safe company with which to invest.

FAQs on ICICI Prudential Mutual Fund

Can I open a joint account to make investments in ICICI Prudential Mutual Funds? Individuals can open joint accounts to invest in ICICI Prudential Mutual Funds and they need not be related to one another to do so.
How long does it take to get the dividend amount? ICICI Prudential Mutual Fund aims to release the dividend amount within 10 working days from the record date. However, the time-frame allowed by the Securities and Exchange Board of India for paying dividends is 30 days.
How are dividend payments made to investors? Investors receive their dividend payments through one of the following modes: Direct credit, National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS), National Electronic Clearing System (NECS), Demand draft.

Courtsey To : Bankbazaar