List of Top ICICI Prudential Mutual Funds in India – Performance & Insights
ICICI Prudential Mutual Fund ranks among India’s leading asset management firms. Established in 1993 ICICI Prudential Mutual Fund was established in 1993 through a collaboration between ICICI Bank and Prudential Plc, it holds an “AAAmfs” rating, indicating its strong reliability. The Prudential Group, a renowned global insurance provider, is its partner. ICICI Prudential Mutual Fund significantly contributed to the development of the CRISIL rating system in India, which serves as a health check for mutual funds akin to the CIBIL score for personal credit assessment.
List of Best ICICI Prudential Mutual Funds in India 2025
Here is a list of the top 10 ICICI mutual fund schemes based on 3Y CAGR.
| Fund Name | AUM (Rs. in cr.) | 3Y CAGR (in %) | Expense Ratio (%) |
|---|---|---|---|
| ICICI Pru Silver ETF FOF | 2,160.26 | 34.59 | 0.12 |
| ICICI Pru NASDAQ 100 Index Fund | 2,378.60 | 33.86 | 0.61 |
| ICICI Pru Regular Gold Savings Fund | 2,602.80 | 30.70 | 0.09 |
| ICICI Pru PSU Equity Fund | 1,870.33 | 30.38 | 0.88 |
| ICICI Pru Infrastructure Fund | 7,645.02 | 30.33 | 1.14 |
| ICICI Pru Bharat 22 FOF | 2,265.09 | 29.76 | 0.12 |
| ICICI Pru Manufacturing Fund | 6,490.27 | 28.62 | 0.73 |
| ICICI Pru Pharma Healthcare & Diagnostics (P.H.D) Fund | 6,161.81 | 27.93 | 1.04 |
| ICICI Pru Dividend Yield Equity Fund | 5,779.14 | 26.35 | 0.57 |
| ICICI Pru Retirement Fund-Pure Equity Plan | 1,332.57 | 25.86 | 0.71 |
Note: The data on the top ICICI Prudential mutual funds is from 2nd September 2025. This data is derived from the Tickertape Mutual Funds Screener using the following filters:
- Plan: Growth
- AMC: ICICI Prudential Asset Management Company Limited
- 3Y CAGR: Sorted from Highest to Lowest
🚀 Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
Key Information About ICICI Prudential Mutual Fund
| Mutual Fund Name | ICICI Prudential Mutual Fund |
| Founded | October 23,1993 |
| AMC Incorporation Date | June 22, 1993 |
| Sponsor Name | Prudential Plc and ICICI Bank Ltd. |
| Trustee Organisation | ICICI Prudential Trust Ltd. |
| MD and CEO | Mr. Nimesh Shah |
| CIO | Mr. S Naren |
| Compliance Officer | Ms. Supriya Sapre |
Overview of Top ICICI Mutual Funds
ICICI Pru Silver ETF FOF
ICICI Pru Silver ETF FOF primarily invests in units of the ICICI Prudential Silver ETF, providing exposure to silver prices through a fund-of-funds structure. It enables investors to participate in the commodity’s price movements without directly holding physical silver.
ICICI Pru NASDAQ 100 Index Fund
ICICI Pru NASDAQ 100 Index Fund tracks the NASDAQ-100 Index, which comprises leading non-financial companies listed on the NASDAQ exchange. It provides exposure to global technology and innovation-driven businesses from the US market.
ICICI Pru Regular Gold Savings Fund
ICICI Pru Regular Gold Savings Fund invests mainly in units of ICICI Prudential Gold ETF. It aims to mirror gold price movements and serves as an option for investors seeking diversification through the precious metals segment.
ICICI Pru PSU Equity Fund
ICICI Pru PSU Equity Fund focuses on equity and equity-related securities of Public Sector Undertakings (PSUs). It captures opportunities across government-owned companies in various sectors, including energy, banking, and infrastructure.
ICICI Pru Infrastructure Fund
ICICI Pru Infrastructure Fund invests in companies engaged in infrastructure development and allied sectors. The fund’s portfolio spans industries such as construction, power, transportation, and telecommunications, which contribute to India’s economic growth.
ICICI Pru Bharat 22 FOF
ICICI Pru Bharat 22 FOF invests in the Bharat 22 ETF, which represents a diversified basket of public sector companies across various sectors, including finance, energy, FMCG, and engineering. It aligns with the government’s disinvestment strategy.
ICICI Pru Manufacturing Fund
ICICI Pru Manufacturing Fund focuses on companies involved in India’s manufacturing and industrial production ecosystem. It invests across various industries, including automobiles, capital goods, metals, and engineering, to capture growth in the manufacturing sector.
ICICI Pru Pharma Healthcare & Diagnostics (P.H.D) Fund
ICICI Pru P.H.D Fund invests in pharmaceutical, healthcare, and diagnostic companies. The fund’s portfolio encompasses businesses involved in drug manufacturing, hospitals, medical devices, and diagnostic services within India’s expanding healthcare sector.
ICICI Pru Dividend Yield Equity Fund
ICICI Pru Dividend Yield Equity Fund primarily invests in equity and related instruments of companies with a consistent track record of dividend payouts. It seeks stable income potential along with long-term capital appreciation opportunities.
ICICI Pru Retirement Fund – Pure Equity Plan
ICICI Pru Retirement Fund – Pure Equity Plan invests predominantly in equities with a long-term perspective aimed at building a retirement corpus. It follows a growth-oriented allocation designed for long investment horizons.
What are ICICI Mutual Funds?
Established in 1993 as ICICI Prudential Asset Management Company Limited (a part of ICICI Group), Prudential Plc joined forces with ICICI Bank in 1998 to form a partnership. ICICI Bank owns 51%, and Prudential Plc owns 49% of this joint venture. ICICI Prudential Mutual Fund, with over 20 years of experience, provides Portfolio Management Services. They operate in more than 350 locations and serve 7.5 million investors.
ICICI Prudential Mutual Fund schemes also provide 252 mutual fund schemes, including 54 equity schemes, 153 debt schemes, 14 hybrid schemes, and 31 other schemes.
Documents Required to Invest in ICICI Mutual Funds
The documents for the KYC process include proof of identity and proof of address. Please have a look at the standard list of documents below:
Proof Of Identity
- PAN Card (Mandatory)
- Voter ID Card
- Driving License
- Passport
- Aadhaar Card
- Any other identity card issued by Central or State Government
Proof Of Address
- Voter ID Card
- Driving License
- Passport
- Ration Card
- Aadhaar Card
- Bank account statement or bank passbook
- Utility bills like electricity or gas bills
How to Invest in Schemes of ICICI Prudential Mutual Fund?
You can easily invest in ICICI Prudential mutual funds by following these steps:
- To invest in mutual funds, you can visit an equity investment platform such as smallcase or Tickertape.
- The next step would be to research and identify the best ICICI Prudential funds to invest in that align with your investment thesis. You can easily select and learn more about the best ICICI mutual funds with the help of a financial tool like the Tickertape Mutual Fund Screener. With 50+ pre-loaded filters, it helps you to create a comprehensive list by giving insights about the fund’s performance. Try it now!
- Once you have selected the funds based on different metrics and parameters, go to smallcase.com or the smallcase app, and login via your phone number. Click on ‘Discover‘ and enter the name of the specific mutual fund in the search bar and hit enter. You can click on ‘invest now’ and select whether you want to invest a lump sum amount or start a SIP and start investing!
Features of ICICI Mutual Funds
Here are the features of ICICI Mutual Funds.
- Professional Management: Expert fund managers at ICICI analyse the market, pick investments, and rebalance the portfolio to maximise returns while managing risk.
- Investment Flexibility: Choose from lump sum investments or Systematic Investment Plans (SIPs) that let you invest a fixed amount at regular intervals. Evaluate ICICI’s best mutual funds for SIP and returns according to your goals and objectives.
- Convenience: Manage your investments online or through a mobile app. Track performance, make transactions, and get regular updates – all at your fingertips.
- Transparency: Access detailed information about each scheme, including investment strategies, past performance, and fund factsheets.
Risks Involved While Investing in ICICI Mutual Funds
Here are some risks associated with investing in ICICI Fund.
- Scheme-Specific Risk: Each ICICI Mutual Fund, including top 10 mutual funds in India, has a different investment objective and strategy. Therefore, the risk profile can vary depending on the type of assets it invests in (equities, debt, gold, etc.).
- Liquidity Risk: While some ICICI Mutual Funds, like liquid funds, offer open-ended schemes with immediate redemption options, others might have lock-in periods or exit loads. This means you may need more time to access your invested money.
- Fund Manager Risk: The performance of your ICICI Mutual Fund heavily relies on the expertise and decision-making abilities of the fund manager. If they make poor investment choices, it can negatively impact the returns of even the top mutual funds in India.
- Expense Ratio: All ICICI Mutual Funds impose an expense ratio that covers the fund’s operational expenses. Although these fees are generally minimal, a higher expense ratio can affect your potential returns over time.
Benefits of Investing in the Top ICICI Mutual Funds
Investing in the top ICICI Mutual Funds can offer several potential benefits, some of them have been listed below:
- Professional Expertise: ICICIs top performing mutual funds are managed by experienced fund managers. This can help you achieve your financial goals without having to spend time researching and managing your portfolio.
- Diversification: Investing in a mutual fund allows you to spread your risk across various assets, such as stocks, bonds, and cash. This can help smooth out the market’s ups and downs and improve your returns over the long term.
- Convenience: Mutual funds offer a hassle-free approach to investing, as you don’t need to manage individual securities on your own. You can easily set up an automatic investment plan to invest a fixed monthly amount.
- Potential for Higher Returns: Top ICICI Prudential Tech Funds have the potential to outperform the market over the long term. They can achieve this by accessing a broader range of investment opportunities than individual investors. However, investors must keep in mind that returns are not guaranteed.
Top ICICI Mutual Fund Managers
Mr. Sankaran Naren
Mr. Sankaran Naren is the Chief Investment Officer (CIO) with over 28 years of experience. As the strategist and executor for ICICI Bank Mutual Fund and the International Advisory segment, he is pivotal in shaping and implementing strategies.
He joined ICICI Bank Mutual Fund in 2004. He holds a B.Tech degree from IIT Chennai and an MBA in Finance from IIM Kolkata. Before joining ICICI Bank Mutual Fund, he held significant positions in several security companies, contributing to his wealth of expertise in the field.
Rahul Goswami
As Senior Fund Manager, Rahul Goswami oversees eight debt funds at ICICI Bank Mutual Fund. These funds include ICICI Prudential Liquid Plan, ICICI Prudential Floating Rate Fund, ICICI Prudential Flexible Income Plan, ICICI Prudential Banking & PSE Debt Fund, ICICI Prudential Guilt Plan, ICICI Prudential Medium Term Plan, ICICI Prudential Multiple Yield Fund, and ICICI Prudential Capital Protection Oriented Fund. After initially joining as the Chief Investment Officer- Fixed Income, Mr. Goswami rejoined ICICI Bank Mutual Fund for his second term.
How to Identify the Best ICICI Funds for Investing?
It is advisable to follow a straightforward process when choosing the best mutual funds in India under ICICI AMC.
- Research ICICI Large and Midcap Funds: Start by researching the best performing ICICI Prudential mutual funds in India. Visit their official website or consult a financial advisor to get a list of funds in this category.
- Understand Fund Objectives: While researching the top 10 mutual fund schemes, read and understand the investment objectives of each fund. Different funds may have different goals, so aligning them with your investment objectives is crucial.
- Expense Ratios: Compare the expense ratios of different funds. Lower expense ratios are generally favourable as they reduce the overall cost of investing.
- Risk Tolerance: Evaluate your risk tolerance. Different funds may have varying risk levels, and choosing one that aligns with your comfort level is essential.
- Asset Under Management (AUM): Consider the size of the fund’s assets under management. While a higher AUM can indicate a well-established fund, be cautious of funds that have grown too large, as it may impact their flexibility in managing investments.
Taxation on ICICI Prudential Mutual Funds as per the Union Budget for 2024-25
Equity Mutual Funds
| Capital Gains Tax | Holding Period | Old Rate | New Rate |
| Short-Term Capital Gains (STCG) | Less than 12 months | 15% | 20% |
| Long-Term Capital Gains (LTCG) | More than 12 months | 10% | 12.50% |
- Tax-Free Limit: The capital gains up to Rs. 1.25 lakh per year are tax-free. This is an increase from the previous limit of Rs. 1 lakh.
- Tax Rate: The gains exceeding Rs. 1.25 lakh are now taxed at a flat rate of 12.5%. This is an increase from the previous rate of 10%.
- Indexation: The benefit of indexation, which allowed investors to adjust the purchase price for inflation, has been removed for all asset classes, including equity mutual funds.
Debt Mutual Funds
| Capital Gains Tax | Holding Period | Old Rate | New Rate |
| Short-Term Capital Gains (STCG) | Less than 36 months | Taxed according to your income tax slab | Taxed according to your income tax slab |
| Long-Term Capital Gains (LTCG) | More than 36 months | 10% | 12.50% |
- No Indexation Benefit: The previous benefit of adjusting the purchase price for inflation is removed. Now, the entire gain after three years is taxable at 12.5%.
- Change in Holding Period for Specified Mutual Funds: Previously, debt mutual funds with a holding period of over 36 months were taxed based on the investor’s tax slab, classified as Long-Term Capital Gains (LTCG). Now, for specified mutual funds where over 65% of the investment is in debt, the holding period for taxation has been reduced to over 24 months. These funds will still be taxed according to the investor’s tax slab as either LTCG or STCG.
Hybrid Mutual Funds
| Type of Hybrid Fund | Short-Term Capital Gains (STCG) | Long-Term Capital Gains (LTCG) | Indexation Benefit |
| Equity-Oriented Hybrid Funds | 20% for holdings less than 1 year | 12.5% for holdings over 1 year, with gains up to Rs. 1.25 lakh tax-free | Not available |
| Debt-Oriented Hybrid Funds | Taxed as per income tax slab for holdings less than 3 years | 12.5% for holdings over 3 years | Not available |
Note: Mutual fund schemes where neither the equity nor debt orientation exceeds 65% will now be classified as long-term investments after 24 months. The previous holding period for these funds was 36 months. These will be taxed at the revised LTCG tax rate of 12.5%.
Factors to Consider Before Investing in ICICI Mutual Funds
Before investing in ICICI large and midcap funds, let’s have a look at factors one should consider before investing.
- Investment Goals and Risk Tolerance: Before investing in the best performing mutual funds, define your investment goals, whether it’s wealth creation, regular income, or tax savings. Assess your risk tolerance before investing.
- Fund Performance and Track Record: Look at the fund’s track record over various market conditions to gauge its consistency and ability to meet its objectives.
- Expense Ratios and Fees: Understand the cost structure associated with the top mutual funds India. Pay attention to expense ratios and fees, as lower costs can contribute to higher returns over the long term.
- Fund Manager Expertise: Evaluate the expertise and performance history of the fund manager as their decision-making can significantly impact the fund’s success.
- Diversification and Asset Allocation: Portfolio diversification can help manage risk, and the right asset allocation should align with your investment objectives and risk tolerance.
- Exit Load and Liquidity: Be aware of any exit loads associated with redeeming your investment before a specified period. Additionally, assess the liquidity of the mutual fund to ensure that you can enter or exit the fund easily.
To Wrap It Up…
In conclusion, ICICI Prudential Mutual Fund stands out as a popular option for investors seeking a well-managed and diversified investment portfolio. With a focus on long-term wealth growth, the fund’s strategic investment approach, led by experienced fund managers, adds a layer of confidence for investors. As always, investors must do their own research and/or consult their financial advisor before investing.
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Frequently Asked Questions(FAQs) on ICICI Mutual Funds
Here are the top ICICI Prudential Mutual Funds, based on 3Y CAGR
– ICICI Pru Silver ETF FOF
– ICICI Pru NASDAQ 100 Index Fund
– ICICI Pru Regular Gold Savings Fund
– ICICI Pru PSU Equity Fund
– ICICI Pru Infrastructure Fund
Note: The data on this list has been taken on 2nd September 2025 and the funds have been listed for educational purposes only.
ICICI mutual funds choose investments based on your scheme type: Equity in stocks across sectors, Debt in government/corporate bonds, or ICICI Advantage balanced funds for diverse exposure.
For ICICI Mutual Funds, the minimum investment amount for a lump sum investment is typically ₹5,000, while the minimum amount for a Systematic Investment Plan (SIP) is usually ₹100 per month across most schemes; however, specific details may vary depending on the chosen fund and investors can check the official AMC website for the latest details.
Lock-in periods may only apply to ICICI Prudential’s Equity Linked Savings Schemes (ELSS) for three years. However, other ICICI MFs, such as open-ended ones, allow you to withdraw at any time (though fees/exit load may apply).
Once you have selected the funds you want to invest in, go to smallcase.com or the smallcase app, and login via your phone number. Click on ‘Discover‘ and enter the name of the specific mutual fund in the search bar and hit enter. You can click on ‘invest now’ and select whether you want to invest a lump sum amount or start a SIP and start investing!
