How To Grow Money With ICICI Prudential Mutual Fund In Next 30 Years

Saving money for future is the greatest goal of almost every earning individual in this world. Every Indian individual try to save money for their future.

To help you save money for the future, there are many methods that you know.

Some basic methods are doing a Fixed Deposit (FD), Recurring Deposit (RD) and even saving funds through saving account in banks.You can also opt for doing the same with post office.

If you are thinking of saving money through a very long term, I would suggest you to opt for mutual fund schemes. 

Mutual fund investments are risky only in short term, but in long term it gives tremendous returns.

In general, a bank gives an interest rate of 5-7% on FD yearly. You can save much more funds in mutual fund than a bank in long term.

Mutual fund gives as much as 12-18% compounding returns in lower range and 20-25% compounding returns yearly in higher range. It has also given 35-50% compounding returns yearly previously.

With banks, saving Rs.5000 for 30 years with 7% compound interest yearly, you can only make Rs.38061.27.

But investing the same amount for same period with 12% compound interest yearly in mutual fund, you can make Rs.149800.

With 18% compound interest yearly, you will make Rs.716854.

With 25% compound interest yearly, you will make Rs.4038968.

Investing only Rs.5000 in mutual fund for 30 years is making so much of money for you.

While saving the same amount in bank FD have created very less amount.

You can easily see, the higher the returns are, the higher the money is growing.

About ICICI Prudential Mutual Fund.

 It is Asia's 2nd largest Asset Management Company and one of the oldest one. It was incorporated in 1993. Its headquarter is in Mumbai, India. It was a joint venture between ICICI Bank and Prudential Plc. Prudential Plc. is a multinational life insurance and financial services company based in United Kingdom (UK).

It has AAUM (Average Asset Under Management) of around Rs.326,29,118.05 lakhs and an AUM (Asset Under Management) of Rs.34026287.93 lakhs at the last day of June quarter. The asset is managed by the trustees of the ICICI Prudential Trust Ltd.

The CRISIL score for the most of the schemes under this mutual fund is 'AAAmfs'. The CRISIL rating determines the health of the mutual fund like the CIBIL score determines the creditworthiness an individual.

It has been one of the most profitable mutual fund since its inception.

How To Grow Money With ICICI Prudential Mutual Fund In Next 30 Years
ICICI Prudential Mutual Fund


How Can You Invest In ICICI Prudential Mutual Fund

Investing in any mutual fund has become very easy. You can invest in this mutual fund directly online or you can visit their branch or you can also invest through various broking companies like 5paisa, Angelbroking, Zerodha, Sharekhan etc.

• You can visit to www.icicipruamc.com and apply for a new account by signing up.

• While signing up you have to give the details of your mobile no. and email Id in use.

• You will be asked to set up a password while your mobile number will be your login Id.

• Then you have to invest either through choosing a scheme or by creating your folio number.

• If you choose to invest through choosing a scheme, you will be asked to choose a scheme first whether lumpsum or SIP, then you will be asked to provide your personal information and bank details. Then your folio will be created.

• If you opt for investing through creating your folio number, then your folio will be created and you will be asked to provide your personal information and bank details. Then you can choose the scheme, you want to invest in through SIP or lumpsum.

This way you can invest in this mutual fund. You can see the performance of all your scheme by visiting www.icicipruamc.com. and logging in with your ID.


Top 5 ICICI Prudential Mutual Fund Scheme

1. ICICI Prudential Long Term Equity Fund (Tax Saving).

Fund Manager - Harish Bihani
Inception/Allotment Date - 09 Aug 1999
Monthly AAUM as on 30 Jun 2020 - Rs.5904.96 crores
Closing AUM as on 30 Jun 2020 - Rs. 5969.97 crores
Minimum investment - Rs.500 and in multiple of Rs.1
Last 1 year return -  -13.88%
Returns since inception - 18.29%


2. ICICI Prudential Value Discovery Fund

Fund Manager - Mrinal Singh
Inception/Allotment Date - 16 Aug 2004
Monthly AAUM as on 30 Jun 2020 - Rs.14695.11 crores
Closing AUM as on 30 Jun 2020 - Rs.14735.97 crores
Minimum Investment - Rs.500 and in multiple of Rs.1
Last 1 year return -  - 8.88
Returns since inception - 17.71%

3. ICICI Prudential Large and Mid Cap Fund

Fund Manager - Sankaran Naren and Mr. Prakash Gaurav Goel
Inception/Allotment Date - 09 Jul 1998
Monthly AAUM as on 30 Jun 2020 - Rs.2716.55 crores
Closing AUM as on 30 Jun 2020 - Rs.2682.05 crores
Minimum Investment - Rs.1000 and in multiple of Rs.1
Last 1 year return -  - 16.22
Returns since inception - 16.32%

4. ICICI Prudential FMCG Fund

Fund Manager - Ihab Dalwai
Inception) Allotment Date - 31 Mar 1998
Monthly AAUM as on 30 Jun 2020 - Rs. 525.14  crores
Closing AUM as on 30 Jun 2020 - Rs.533.05 crores
Minimum Investment - Rs.5000 and in multiple of Rs.1 
Last 1 year return -  - 1.82
Returns since inception - 15.99%

5. ICICI Prudential Midcap Fund 

Fund Manager - Mr. Prakash Gaurav Goel
Inception/ Allotment Date - 28 Oct 2004
Monthly AAUM as on 30 Jun 2020 - Rs.1591.66 crores
Closing AUM as on 30 Jun 2020 - Rs. 1614.01 crores
Minimum Investment - Rs.5000 and in multiple of Rs.1
Last 1 year return -  - 17.63
Returns since inception - 14.04%

This is how the top 5 mutual fund have performed for ICICI Prudential Mutual Fund.

If you like the theory behind mutual fund then do Invest.