There is no simple way to choose a mutual fund to invest in, especially when there are so many other options available in the market. While investing your money, you will never want to make any such mistake which may cause you losses. It is true that mutual funds are considered as the safest option for investment, but choosing the best MF brand is quite confusing. ICICI Prudential Mutual Fund is one of the best solutions for you.
Having started its operations in 1993, ICICI Pru Mutual Fund is one of the leading AMCs in India with the Assets Under Management (AUM) amounting to Rs. 242961,31 Crore as on 31st March 2017. It is a joint venture between ICICI Bank Limited and Prudential Plc. It has a variety of schemes which are designed to meet the financial needs of different investors.
ICICI Bank is one of the largest private sector banks offering a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and its specialised subsidiaries in the areas of investment banking. Furthermore, it has a good hand in life and non-life insurance, venture capital and asset management market. Prudential Plc. is an international financial services group with significant operations in Asia, the US and the UK.
Top Four Best Performing Schemes of ICICI MF:
1. ICICI Prudential Focused Bluechip Equity Fund (G): This is a growth-oriented mutual fund which has been designed with a motive to generate greater returns for the investors in a long-term. The one who wants to invest for a longer duration must consider this fund for one’s portfolio.
2. ICICI Prudential Balanced Advantage Fund:
This is an open-ended and equity-oriented balanced fund that brings multiple benefits to your investments. It invests in both equity and debt instruments. Thus, it strives for growth while providing safety.
3. ICICI Prudential Long Term Equity Fund (Tax Saving):
This is an open-ended Equity Linked Savings Scheme which aims for wealth creation through investment in stocks for a long-term while saving taxes. It is suitable for the investors who are seeking a wealth creation solution in a long-term.
4. ICICI Prudential Multicap Fund (G):
This is a mid-cap equity fund with the total assets under management (AUM) of around Rs. 2668 Crore as on 30th April, 2017. It primarily invests in equities with almost 93.93% of the total assets, a portion of 5.93% in debt securities, while the rest part which is around 0.14% is invested in cash/call instruments.
Benefits of Investing in ICICI MF:
a. One of the Leading Brands:
Enjoy the advantage of having a renowned brand’s schemes in your portfolio. ICICI Mutual Funds is one of the largest AMCs in the mutual fund industry and has established a remarkable position as of now.
b. Professional Expertise:
The mutual fund schemes at ICICI MF are managed by the professionals and certified fund managers who have expertise and experience in financial markets for a long time.
One of the best benefits of investing in this fund house is the diversification in your portfolio which it provides. The main objective of many of its schemes is to invest the funds in multiple securities and sectors to reduce uncertainties and attain good profits along with high growth.
Therefore, ICICI MF stands as one of the best fund houses in India which provide multiple investment benefits to the investors with stable returns and high growth.
In this article, you will read about some of the best-performing schemes and the benefits of ICICI Pru MF. Furthermore, you will come to know that it has customised plans for every investor.