Sunday, November 27

Top 7 ICICI Prudential Mutual Fund Schemes in 2022

ICICI

ICICI Mutual Fund been around for more than 19 years now having emerged as one of the leading investment solution provides in India. Packed with the right schemes which have given desired results to its investors, the fund house has created distinctive financial opportunities to aid people in achieving their investment goals.

The AMC has a diversified portfolio comprising 47 Mutual Fund products spanning across equity, debt and gold. Owing to the consistent performance over the years, its investors’ base has grown to massive numbers and stand at 2.5 million customers today.

Here, we have listed the top 7 ICICI Prudential Mutual Fund Schemes which bear the potential to grow exponentially in 2022.

1. ICICI Prudential MIP 25

ICICI Prudential MIP 25 is a Hybrid – Hybrid Debt fund which was launched on 30th March 2004 to generate regular income through investments majorly focusing on debt and money market instruments. Additionally, the scheme also seeks to generate long term capital appreciation from the portion of equity investments it.

The fund carries moderate high risk and has given a CAGR/Annualized return of 9.9% since its launch. It is ranked 2nd in Hybrid Debt category.

The fund’s return for 2021 was 9.9%, 2020 was 10.9% and 2019 was 9.6%.

2. ICICI Prudential Long Term Plan

ICICI Prudential Long Term Plan is a Debt – Dynamic Bond fund which was launched on 20th January 2010 to generate income by investing in a range of debt and money market instruments having distinct maturity values with the aim of maximising income while maintaining the optimum balance of yield, safety and liquidity.

The fund carries moderate risk and has given a CAGR/Annualized return of 9% since its launch. It is ranked 1st in Dynamic Bond category.

The fund’s return for 2021 was 4.3%, 2020 was 11.8% and 2019 was 10.2%.

3. ICICI Prudential Nifty Next 50 Index Fund

ICICI Prudential Nifty Next 50 Index Fund was launched on 25th June 2010. The fund invests in companies which have their securities listed in Nifty Junior Index.

The fund carries moderate high risk and has given a CAGR/Annualized return of 11.3% since its launch. It is ranked 5th in Index Fund category.

The fund’s return for 2021 was 29.5%, 2020 was 14.3% and 2019 was 0.6%.

4. ICICI Prudential Equity and Debt Fund

ICICI Prudential Equity and Debt Fund is a Hybrid – Hybrid Equity fund which was launched on 3rd November 1999 to generate long term capital appreciation and current income from collection that is participated in equity and equity related securities as well as in secure income securities.

The fund carries moderate high risk and has given a CAGR/Annualized return of 14.7% since its launch. The fund is ranked 7th in the Hybrid Equity category.

The fund’s return for 2021 was 41.7%, 2020 was 9% and 2019 was 9.3%.

5. ICICI Prudential Banking and Financial Services Fund

ICICI Prudential Banking and Financial Services Fund is an Equity – Sectoral fund was launched on 22nd August 2008. It is an open-ended equity scheme that aims at generating long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.

The fund carries high risk and has given a CAGR/Annualized return of 16.3% since its launch.

The fund’s return for 2021 was 23.5%, 2020 was -5.5% and 2019 was 14.5%.

6. ICICI Prudential Liquid Fund

ICICI Prudential Liquid Fund is a Debt – Liquid Fund fund which was launched on 17th November 2005 to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market and debt securities.

The fund carries low risk and has given a CAGR/Annualized return of 7.1% since its launch. It is ranked 20th in Liquid Fund category.

The fund’s return for 2021 was 3.2%,  2020 was 4.3% and 2019 was 6.6%.

7. ICICI Prudential Money Market Fund

ICICI Prudential Money Market Fund is a Debt – Money Market fund which was launched on 9th March 2006 with the objective to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market and debt securities.

The fund carries low risk and has given a CAGR/Annualized return of 7.1% since its launch. It is ranked 17th in Money Market category.

The fund’s return for 2021 was 3.7%, 2020 was 6.2% and 2019 was 7.9%.