Top 5 ICICI Mutual Funds

What is the ICICI Mutual Fund?

This Mutual Fund, officially known as ICICI Prudential Mutual Fund, is one of India’s leading asset management companies that pools investors’ money and invests it across a diversified mix of equities, bonds, and other assets. Whether you’re a new investor or a seasoned one, it offers a range of smart investment options designed to help you grow and manage your wealth. 

The ICICI Top 5 mutual funds are a combination of expert fund management with a strong performance record, making it a trusted choice for investors seeking long-term financial growth. It provides investors with access to professionally managed portfolios spanning equities, fixed income, and hybrid assets.

Top 5 ICICI Mutual Funds in India 

1. ICICI Prudential Infrastructure Direct Growth

   ICICI Prudential Infrastructure Direct Growth is a sectoral equity fund that primarily invests in infrastructure companies, aiming for long-term capital growth. High-risk, theme-based investment.

   Parameters	Details
   Fund Name	ICICI Prudential Infrastructure Direct-Growth
   NAV	₹ 191.75 (as on 31st March, 2026)
   AUM	₹8,097.89 Crs
   Expense Ratio	1.18%
   Return 5 Years	24.34%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 92.02%, Debt: 1.12%, Others: 6.25%
   Top Sectors	Consumer Discretionary Industrials Energy & Utilities Financial Materials Real Estate Technology
   Top Holdings	Larsen & Toubro Ltd Interglobe Aviation Ltd Repo NTPC Ltd Adani Ports and Special Economic Zone Ltd Oberoi Realty Ltd Vedanta Ltd Reliance Industries Ltd NCC Ltd AIA Engineering Ltd
   Fund Managers	Ihab Dalwai Sharmila D'Silva
   Fund Type	Open-ended

2. ICICI Prudential BHARAT 22 FOF Direct - Growth

   ICICI Prudential BHARAT 22 FOF Direct - Growth is a fund-of-funds that invests in the BHARAT 22 ETF, tracking government-linked and PSU companies. Moderate to high risk. 

   Parameters	Details
   Fund Name	ICICI Prudential BHARAT 22 FOF Direct - Growth
   NAV	₹ 33.31 (as on 31st March, 2026)
   AUM	₹2,794.87 Crs
   Expense Ratio	0.12%
   Return 5 Years	25.53%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	29th June, 2018
   Asset Allocation	Equity: 99.16%, Others: 0.84%
   Top Sectors	Energy & Utilities Financial Materials Industrials Consumer Staples
   Top Holdings	BHARAT 22 ETF Regular - Growth Repo Net Payables
   Fund Managers	Ashwini Shinde Ajay Kumar Solanki Kayzad Eghlim Nishit Patel
   Fund Type	Open-ended

3. ICICI Prudential Retirement Fund - Hybrid Aggressive Plan Direct - Growth

   ICICI Prudential Retirement Fund - Hybrid Aggressive Plan Direct is a hybrid fund with higher equity exposure, designed for long-term retirement wealth creation. Suitable for long-term investors.

   Parameters	Details
   Fund Name	ICICI Prudential Retirement Fund - Hybrid Aggressive Plan Direct - Growth
   NAV	₹ 27.58 (as on 31st March, 2026)
   AUM	₹1,131.03 Crs
   Expense Ratio	0.81%
   Return 5 Years	16.01%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	27th February, 2019
   Asset Allocation	Equity: 79.38%, Debt: 12.19%, Others: 7.56%
   Top Sectors	Consumer Discretionary Industrials Diversified Energy & Utilities Financial Healthcare Materials Real Estate Technology
   Top Holdings	Repo Interglobe Aviation Ltd Mahindra & Mahindra Ltd Multi Commodity Exchange Of India Ltd Usha Martin Ltd Mphasis Ltd Tata Motors Ltd VEDANTA LIMITED SR I 9.31 NCD 03DC27 FVRS1LAC Info Edge (India) Ltd Bharti Hexacom Ltd.
   Fund Managers	Darshil Dedhia Lalit Kumar Sharmila D'Silva Rohit Lakhotia
   Fund Type	Open-ended

4. ICICI Prudential Large & Mid Cap Fund Direct Plan - Growth

   ICICI Prudential Large & Mid Cap Fund Direct Plan-Growth invests in both large and mid-cap stocks to balance stability with growth potential. This mutual fund is ideal for long-term wealth building.

   Parameters	Details
   Fund Name	ICICI Prudential Large & Mid Cap Fund Direct Plan-Growth
   NAV	₹ 1,032.98 (as on 31st March, 2026)
   AUM	₹28,505.90 Crs
   Expense Ratio	0.8%
   Return 5 Years	18.55%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 95.65%, Debt: 0.83%, Others: 3.52%
   Top Sectors	Consumer Discretionary Industrials Consumer Staples Energy & Utilities Financial Healthcare Materials Real Estate Technology
   Top Holdings	Repo Axis Bank Ltd Maruti Suzuki India Ltd SBI Cards & Payments Services Ltd FSN E-Commerce Ventures Ltd ICICI Bank Ltd Page Industries Ltd Larsen & Toubro Ltd Alkem Laboratories Ltd Bajaj Finserv Ltd
   Fund Managers	Ihab Dalwai Sharmila D'Silva
   Fund Type	Open-ended

5. ICICI Prudential Value Direct - Growth

   ICICI Prudential Value Direct-Growth is a value-style equity fund focused on fundamentally strong but undervalued companies. It is suitable for long-term investors seeking steady growth.

   Parameters	Details
   Fund Name	ICICI Prudential Value Direct-Growth
   NAV	₹ 481.05 (as on 31st March, 2026)
   AUM	₹60,571.34 Crs
   Expense Ratio	0.99%
   Return 5 Years	18.38%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹1,000
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 92.55%, Debt: 1.78%, Others: 5.67%
   Top Sectors	Consumer Discretionary Industrials Consumer Staples Energy & Utilities Financial Healthcare Materials Technology
   Top Holdings	ICICI Bank Ltd HDFC Bank Ltd Reliance Industries Ltd Infosys Ltd Repo ITC Ltd Sun Pharmaceutical Industries Ltd Tata Consultancy Services Ltd Axis Bank Ltd NTPC Ltd
   Fund Managers	Sankaran Naren Dharmesh Kakkad Sharmila D'Silva Masoomi Jhurmarvala
   Fund Type	Open-ended

Factors to Consider Before Investing in Mutual Funds

Before investing in Mutual funds, whether it's ICICI Mutual Funds or any other type of mutual fund, it is essential to evaluate key factors that influence your returns and align your portfolio with your goals.

1. Financial Goals

   Define your short- and long-term goals to decide whether you need equity or debt-oriented funds. Clear objectives help you choose the right investment mix.

2. Investment Horizon

   Decide how long you plan to stay invested. Short-term goals suit debt funds, while long-term goals benefit more from equity funds.

3. Risk Tolerance

   Assess how much risk you can handle. Matching your fund type to your comfort level with market volatility ensures a balanced and sustainable portfolio.

4. Fund Performance

   Review the fund’s historical performance. Consistent returns over time reflect sound management and resilience across market cycles.

5. Expense Ratio

   This represents the cost of managing a fund. A lower expense ratio (preferably under 1%) helps you retain more of your returns.

6. Fund Manager Expertise

   An experienced fund manager adds stability and insight. Look for consistent management tenure and a solid performance track record.

7. Tax Implications

   Understand how different funds are taxed. Aligning your investments with tax-saving opportunities can improve your overall returns.

Advantages of Best Mutual Funds in India 

Here are some of the advantages of why you should consider investing in ICICI Mutual Funds:

1. Strong Track Record

   ICICI Prudential Mutual Fund has a consistent history of delivering competitive returns across market cycles, backed by disciplined fund management.

2. Wide Range of Schemes

   It offers a diverse portfolio of funds, from equity and debt to hybrid and solution-oriented schemes, designed for every investor profile and goal.

3. Experienced Fund Managers

   Managed by seasoned professionals with deep market expertise, ensuring sound investment decisions and effective risk management.

4. Strong Research and Risk Management

   ICICI Mutual Fund follows a research-driven investment approach and a strong risk management framework to maintain portfolio stability.

5. Easy Access and Convenience

   Investors can start SIPs, make redemptions, or switch funds easily through online platforms and mobile apps, ensuring seamless investing.

6. Trusted Brand

   Backed by ICICI Bank and Prudential Plc, it combines financial strength with global expertise — making it one of India’s most trusted fund houses.

Wrapping Up 

The Top 5 ICICI Mutual Funds combine expert management, consistent performance, and diverse investment options. By considering factors like financial goals, risk tolerance, and investment horizon, you can pick the right fund to grow your wealth over the long term. With easy access, strong research, and a trusted brand backing, these funds remain an excellent option for building a well-rounded portfolio.