Exploring the ICICI Prudential Mutual Fund: Investment Process 2024

ICICI Prudential Mutual Fund, created in 1993 through a collaboration between ICICI Bank and prudential plc, is a major player in the Indian asset management sector. Originally formed with two sites and six workers, it has now grown to become India’s second India’s second-largest asset management organization, trailing only SBI Mutual Fund

As of September 2018, the company was instrumental in defining India’s CRISIL rating system, with an Average Assets Under Management (AUM) of Rs. 468,192.92 Crores. Within the mutual fund segment, the firm handles a wide range of assets types and also provides portfolio management and real estate services. Its influence is global, having international Advisory mandates for clients in many markets.

Among Its Offerings

Fund is primarily aimed at retail investors and serves a large audience.

Portfolio Management Services: The company pioneered this services in India in 2000, allowing high net worth investors to explore a more concentrated portfolio with the potential for high returns.

Real Estate Business: Founded in 2007 with the real estate investment series portfolio, this industry caters to high net worth individuals and domestic institutional investors.

Fund remains a key player in the financial sector, offering a variety of investment possibilities and financial services to a wide investor base.

ICICI Prudential Blue-chip Fund – direct plan – growth NAV is 98.47 as of 23 January 2024

Diverse Offerings and Headquarters of ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund, headquartered in Mumbai, offers a diversified portfolio of funds geared to different socioeconomic groups. As of March 31, 2023, the mutual fund’s assets exceeded Rs. 5.1 lakh crore, indicating strong growth. The organization employs some of the industry’s most known fund managers, which contributes to its exceptional performance.

Investment Process Simplified

Logging in or Signing Up

Individuals can begin their investment adventure with Fund by either logging in if they already have an account or signing up for one. The registration process is normally free and simple.

Uploading Essential Identification Documents

Once logged in or registered, investors must upload relevant identification, and passports are all often acceptable papers. This phase assures regulatory compliance and helps to authenticate the investor’s identification.

Verifying the Permanent Address

In the next round, investors must supply documents providing their permanent address. Any official document that has this information is acceptable. Address verification is critical for regulatory compliance and ensures the investor’s information is correct.

Determining investment horizon

Investors are then asked to specify their investment horizon, which refers to the time frame for which they intend to hold the investment. This stage assists in matching the investment plan with the investor’s financial objectives, whether short-term, medium-term, or long-term.

Assessing risk tolerance

The investment process includes determining the investor’s risk tolerance, indicating whether they favour high, low, or medium risk investments. This information is critical for identifying appropriate investment options based on a person’s risk tolerance.

Choosing a suitable mutual fund

Based on their requirements, investors can select a suitable mutual fund. This stages takes into account aspects such as investing objectives, fund type, past performance, and risk profile.

Choosing an investment Method

Investors have the option of selecting amongst various investing techniques. They can either make a one-time lump sum investment by selecting “invest one time only” or begin a systematic investment plan (SIP) by selecting “start SIP”. The decision is based on the investor’s preferences and financial plan.

Initiating the investment

After making their selections, investors can proceed with the investment. This normally entails confirming the investment details and authorizing the fund to complete the transaction. The platform may offer a summary of the selected investment plan for assessment.

Confirmation and reflection in the account

After making the transaction, clients can expect the Fund investment to appear in their account within 3 to 4 working days. The platform may give confirmation information, such as the invested amount, Units assigned, and any applicable fees.

Our Chief Investment Officer, Mr. Sankaran Naren, has extensive experience in the Indian securities industry and provides valuable insights into leadership. His leadership has greatly contributed to the success of well-known funds.

Mrinal singh, Deputy chief investment officer, has been involved in structuring equities investments since 2008. His broad experience in a variety of industries, as well as his excellent financial market understanding, making him an invaluable contributor to the fund’s success.

Mr. Rahul Rai, the executive vice president in charge of the real estate industry, has more than 24 years of expertise in the securities and investment sectors. His financial acumen and real estate investment experience are critical in propelling the fund to new heights.

Mr. Kayzad Eghlim, Vice President of investments, has exhibited exceptional talents as a senior portfolio manager, making substantial contributions to the expansion of ETF product offerings.

In conclusion

It remains a significant player in India’s financial environment, thanks to its extensive past. It manages significant assets and remains consistently profitable, thanks to the strategic efforts of executives such as Mr. sankaran Naren, Mr. Mrinal Singh, Mr. Rahul Rai, and Mr. Kayzad Eghlim.

As the prudential company adjusts its shareholding, ICICI Prudential Mutual Fund remains a key participant, delivering a user-friendly investment procedure and competent leadership. If investors are interested in doing investment they can easily start their Systematic investment plan in this.