ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is the second-largest mutual fund company in India in terms of Assets Under Management (AUM). It was established in 1993 as ICICI Prudential Asset Management Company Limited (a part of ICICI Group) where Prudential plc, came in as a joint venture (JV) partner. Prudential plc is one of the largest companies in the financial services sector in the United Kingdom (UK). ICICI Bank holds a 51% stake in the JV and Prudential plc has 49%. With an experience of over two decades, ICICI Prudential Mutual Fund also offers Portfolio Management Services. As of December 2023, the AMC had an AUM of Rs. 6.4 lakh crores.
ICICI Prudential Mutual Fund snapshot
Inception date | October 12, 1993 |
Sponsor (s) | ICICI Bank Limited and Prudential Plc |
Chief Executive Officer | Mr. Nimesh Shah |
Chief Investment Officer | Mr. Sankaran Naren |
No. of Schemes | 118 |
Average AUM (Rs. in Crores) | 699548.04 |
As on February 2024
How to invest in ICICI Prudential Mutual Fund
If you thought investing in mutual funds is challenging, especially for beginners, think again. It’s actually very simple and straightforward, more so in today’s era of digital investing. All you need to do is select the scheme that works for your financial goal and decide if you want to invest via lumpsum or a Systematic Investment Plan (SIP).
Once you’ve decided the fund and mode of investment, login to the Kotak Neo app to initiate a transaction. Using an intermediary like Kotak Neo makes it easy to invest in different fund houses through a single platform. All you have to do is:
- Login with your credentials (mobile number/PAN/QR code)
- Click on Invest and select ‘Mutual Funds’ from other investments
- Select the fund of your choice and begin investing
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
