Amid low interest rate regime in the country which can still be continued given the slow pace of economic growth, if you as a novice investor wants to tap mutual funds and earn a higher return than traditional bank fixed deposits here are listed some of the best mutual funds offering by ICICI Prudential Mutual Fund:
Best ICICI Prudential Mutual Funds With Their Absolute Returns
|ICICI Prudential MF||Fund catgeory||AUM (in crores)||Minimum SIP Amount||1-year||3-year||5-year|
|ICICI Prudential Corporate Bond Fund-Direct Plan- G||Debt fund||Rs. 19,705 crore||Rs. 1000||7.52%||30.35%||8.41%|
|ICICI Prudential Bluechip Fund - Growth||Large cap fund||Rs. 26,082 crore||Rs. 100||53.40%||42.38%||95.00%|
|ICICI Prudential Midcap Fund- Growth||Mid cap fund||Rs. 2375 crore||Rs. 100||87.50%||45.00%||111.00%|
|ICICI Prudential Liquid Fund - Direct Fund - Growth||Liquid fund||Rs. 40714 crore||Rs. 99||3.36%||17.69%||35.00%|
|ICICI Prudential Balanced Advantage Fund - Direct Plan||Balanced Advantage fund||Rs. 30900 crore||Rs. 1000||34.00%||40.00%||79.00%|
1. ICICI Prudential Corporate Bond Fund - Direct Plan - Growth
This is a CRISIL 5-star rated corporate bond fund from the house of ICICI Prudential Mutual fund. The MF Risk-o-meter categorises the fund to carry moderate risk. Expense ratio of the fund is 0.27% while NAV as on June 9 is 23.80. The fund over 96% corpus invested into debt of which 24% is in G-securities. The investment option is ideally suitable for those who have a longer term horizon but prefer less risky assets.
Against its benchmark CRISIL 10 Year Gilt Index, the fund has given 7.52% return over the last year. SIP in the fund can be started for Rs. 1000 per month.
In the last one year SIP started in the fund with an investment of Rs. 10000 per month currently values at Rs. 1.23 lakh.
2. ICICI Prudential Bluechip Fund – Growth
The fund has maximum investment in Indian stocks of which over 80% is in large cap stocks. This ICICI Prudential fund is typically suitable for those investors who have an investment tenure of at least 3-4 years and expect to earn higher returns. Expense ratio of the fund is 1.75%. Also the fund as per the risk-o-meter is said to carry moderately high risk. NAV of the fund is 57.48.
The fund's top 10 holdings include ICICI Bank, HDFC Bank,Infosys, Axis Bank, RIL, Bharti Airtel and Larsen and Toubro among others.
SIP in the fund can be initiated for Rs. 100. Monthly SIP of Rs. 10000 initiated 3 years ago is now worth Rs. 4.89 lakh.
The fund is given a 3-star rating by Value Research.
3. ICICI Prudential Midcap Fund- Growth:
It is a CRISIL 3-star rated fund with an expense ratio of 2.26%. The assets under management of the fund are to the tune of Rs. 2375 crore. NAV of the fund as on June 9 is 143.38. As the name of the fund indicates, majority or over 50% of the fund's corpus is parked in mid cap stocks. Against the benchmark Nifty 50, the fund has yielded 1-
year return of 87.5%.
Rs. 10000 monthly SIP started 3 years ago i.e. with a total investment of Rs. 3.6 lakh is now worth Rs. 5.49 lakh.
Top holding of the fund include stocks like Max Financial, Federal Bank, Metropolis, Indian Hotels, Voltas etc.
4. ICICI Prudential Liquid Fund - Direct Fund – Growth:
This is a CRISIL 2 star rated fund from the house of ICICI Prudential Mutual fund. SIP investment in the fund can be initiated with as low as Rs. 99. Liquid funds typically invest in bonds that have a maturity of up to 3 months. Liquid funds are most suitable to park any excess funds that you do not require for up to a year's time.
The fund has over 80% investment in debt of which more than 30% is deployed in highly safe G-securities. Some of the top holdings of the fund include GOI securities, CD, Treasury Bills, NCD and Bonds among others.
5. ICICI Prudential Balanced Advantage Fund - Direct Plan:
Value Research has provided a 4-star rating to this Balanced Advantage fund. The balanced advantage fund invests your money in equity and debt though the allocation is not pre-decided. As against its benchmark Nifty 50, the fund has given 1-year return of 34%.
NAV of the fund is 50 and entails an expense ratio of 1.11%. For the fund, over 50% is invested into large cap stocks, while the remaining is into mid-cap and small cap in addition to debt securities. Top holdings of the fund include ICICI Bank, Reliance Industries, HDFC Bank, Infosys, HDFC, Bharti Airtel and Motherson Sumi among others.
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