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List of ICICI Prudential Mutual Funds India 2023

Watch Now
ICICI Prudential Mutual Fund AMC was incorporated on 22, Jun 1993, and has an AUM size of Rs. 5,10,365 Cr as on 31, Dec 2022. ICICI Prudential Mutual Fund has total of 1250 schemes. Schemes managed by AMC :
Decizen:- Q: Quality, P: Performance, E: Expenses
Compare Funds

Fund Name
Category

Expense Ratio

NAV (Rs.)
AUM (Cr.)
Returns Since
inception (%)
Returns
Mutual Fund DeciZen

Past

Avg Rolling
Q
P
E
ICICI Prudential Balanced Advantage Fund
Hybrid - Balanced Advantage 1.58 52.43 44,634
10.8
30 Dec' 06
6.7
11.05
9.37
12.29
13.04
12.25
12.64
12.47
Q
P
E
ICICI Prudential Liquid Fund
Debt - Liquid Fund 0.29 326.88 40,973
7.1
17 Nov' 05
5.01
4.12
5.24
6.4
6.87
7.40
18.63
23.06
Q
P
E
ICICI Prudential Bluechip Fund
Equity - Large Cap Fund 1.66 68.27 35,049
14
23 May' 08
4.93
15.52
10.26
15.02
15.96
13.18
14.16
14.43
Q
P
E
ICICI Prudential Value Discovery Fund
Equity - Value Fund 1.73 276.85 27,515
19.7
16 Aug' 04
10.58
24.31
12.9
18.84
20.27
15.98
17.03
17.95
Q
P
E
ICICI Prudential Equity & Debt Fund
Hybrid - Aggressive Hybrid Fund 1.77 239.75 21,282
14.6
03 Nov' 99
7.72
19.8
12.6
16.66
17.72
14.63
14.65
14.34
Q
P
E
ICICI Prudential Savings Fund
Debt - Low Duration Fund 0.49 450.99 20,658
7.7
27 Sep' 02
4.61
5.51
6.54
7.43
7.82
8.30
19.36
26.37
Q
P
E
ICICI Prudential Asset Allocator Fund (FOF)
FoFs (Domestic) - Debt Oriented 1.37 84.26 18,160
11.8
18 Dec' 03
7.9
12.55
10.87
12.54
11.93
10.87
10.98
11.00
Q
P
E
ICICI Prudential Corporate Bond Fund
Debt - Corporate Bond Fund 0.53 24.64 16,440
6.9
11 Aug' 09
5.03
6.19
7.03
7.68
7.92
7.92
7.88
7.87
Q
P
E
ICICI Prudential Multi-Asset Fund
Hybrid - Multi Asset Allocation 1.87 476.89 15,770
21
31 Oct' 02
12.23
20.03
12.24
15.56
16.61
13.19
13.71
15.15
Q
P
E
ICICI Prudential Short Term Fund
Debt - Short Duration Fund 1.07 49.88 15,528
7.8
25 Oct' 01
5.19
6.23
6.92
7.87
7.98
8.34
8.32
8.50
Q
P
E
ICICI Prudential Ultra Short Term Fund
Debt - Ultra Short Duration Fund 0.84 23.34 12,472
7.5
03 May' 11
4.8
4.99
6.18
7.91
7.63
8.08
8.16
8.00
Q
P
E
ICICI Prudential Floating Interest Fund
Debt - Floater Fund 1.28 350.88 11,869
7.6
17 Nov' 05
4.35
5.64
6.45
7.21
7.59
8.07
19.09
23.42
Q
P
E
ICICI Prudential Flexicap Fund
Equity - Flexi Cap Fund 1.77 11.26 11,469
8
19 Jul' 21
6.13
0
0
0
8.97
0.00
0.00
0.00
Q
P
E
ICICI Prudential Overnight Fund
Debt - Overnight Fund 0.19 1190.96 11,443
4.2
15 Nov' 18
948.2
123.38
0
0
148.12
51.53
0.00
0.00
Q
P
E
ICICI Prudential Money Market Fund
Debt - Money Market Fund 0.31 317.08 11,137
7.1
08 Mar' 06
5
4.9
6.02
6.85
7.25
7.70
18.65
22.21
Q
P
E
ICICI Prudential Equity-Arbitrage Fund
Hybrid - Arbitrage Fund 0.99 28.91 10,785
6.8
30 Dec' 06
4.33
4.1
4.89
5.84
6.47
6.96
7.10
7.22
Q
P
E
ICICI Prudential Long Term Equity Fund (Tax Saving)
Equity - ELSS 1.92 590.64 10,241
19
19 Aug' 99
1.01
14.44
10.18
15.12
17.11
13.75
14.61
15.15
Q
P
E
BHARAT 22 ETF
ETFs - Other 0.05 56.34 9,925
9
24 Nov' 17
19.21
18.53
7.81
0
13.02
7.24
8.56
0.00
Q
P
E
ICICI Prudential Technology Fund
Equity - Sectoral Fund - Technology 2.10 137.08 8,794
12.1
03 Mar' 00
-10.91
30.83
21.35
17.61
26.07
20.56
20.04
17.83
Q
P
E
ICICI Prudential Credit Risk Fund
Debt - Credit Risk Fund 1.55 26.16 7,866
8.2
03 Dec' 10
5.1
6.82
7.42
8.13
8.24
8.52
8.45
8.53
Q
P
E
ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40...
Debt - Corporate Bond Fund 0.35 10.30 7,518
2.2
28 Sep' 21
2.79
0
0
0
1.65
0.00
0.00
0.00
Q
P
E
ICICI Prudential India Opportunities Fund
Equity - Thematic Fund - Other 2.03 19.91 7,225
18.5
15 Jan' 19
12.17
23.69
0
0
26.11
22.02
0.00
0.00
Q
P
E
ICICI Prudential Banking & PSU Debt Fund
Debt - Banking and PSU Fund 0.76 27.18 7,162
7.9
01 Jan' 10
4.94
5.82
6.7
7.82
8.08
8.49
8.52
8.52
Q
P
E
ICICI Prudential Multicap Fund
Equity - Multi Cap Fund 1.92 454.54 7,037
14.4
01 Oct' 94
3.45
14.76
9.69
15.68
16.86
13.20
13.52
13.89
Q
P
E
ICICI Prudential All Seasons Bond Fund
Debt - Dynamic Bond 1.33 30.45 6,264
8.9
20 Jan' 10
5.4
6.71
7.39
9.17
9.47
9.82
9.91
9.90
Q
P
E
ICICI Prudential Medium Term Bond Fund
Debt - Medium Duration Fund 1.42 37.11 6,255
7.4
15 Sep' 04
4.8
6.49
6.87
7.93
7.96
8.23
8.09
8.02
Q
P
E
ICICI Prudential Large & Mid Cap Fund
Equity - Large & Mid Cap Fund 2.03 575.38 6,210
17.9
09 Jul' 98
7.3
19.53
11.18
15.04
16.44
12.63
12.71
13.51
Q
P
E
ICICI Prudential Banking & Financial Services Fund
Equity - Sectoral Fund - Banks & Financial Services 1.95 87.17 5,519
16.2
22 Aug' 08
3.48
7.77
6.67
18.01
19.43
15.39
17.05
17.50
Q
P
E
ICICI Prudential Equity Savings Fund
Hybrid - Equity Savings 1.00 18.12 4,965
7.6
05 Dec' 14
6.34
6.86
6.93
0
7.99
7.40
7.38
0.00
Q
P
E
ICICI Prudential Business Cycle Fund
Equity - Thematic Fund - Other 1.96 13.76 4,962
16.9
18 Jan' 21
5.52
0
0
0
13.64
0.00
0.00
0.00
Q
P
E
ICICI Prudential Smallcap Fund
Equity - Small cap Fund 2.03 52.71 4,599
11.5
18 Oct' 07
5
23.96
11.52
17.24
20.08
14.24
13.58
13.82
Q
P
E
ICICI Prudential Nifty 50 ETF
ETFs - Index 0.05 191.90 4,573
13.1
20 Mar' 13
4.5
14.8
11.08
13.49
14.99
11.66
11.77
13.61
Q
P
E
ICICI Prudential Nifty Bank ETF
ETFs - Index 0.15 40.47 4,255
8.2
10 Jul' 19
-89.22
-49.11
0
0
3.13
-31.72
0.00
0.00
Q
P
E
ICICI Prudential Focused Equity Fund
Equity - Focused Fund 1.96 51.33 3,956
12.7
28 May' 09
5.44
20.4
11.24
14.08
15.11
11.79
11.73
11.64
Q
P
E
ICICI Prudential Nifty 50 Index Fund
Index Funds - Nifty 0.35 173.96 3,927
14.6
26 Feb' 02
3.98
14.24
10.41
13.14
14.02
11.11
11.11
11.69
Q
P
E
ICICI Prudential Midcap Fund
Equity - Mid Cap Fund 2.09 163.51 3,666
16.5
28 Oct' 04
2.15
18.36
9.27
18.81
21.86
15.76
15.55
14.99
Q
P
E
ICICI Prudential Gold ETF
ETFs - Gold 0.50 50.16 3,333
8.2
24 Aug' 10
18.22
10.8
-29.08
-35.83
-14.55
-28.23
-37.90
-36.68
Q
P
E
ICICI Prudential Regular Savings Fund
Hybrid - Conservative Hybrid Fund 1.73 58.02 3,291
9.8
30 Mar' 04
4.39
8.31
7.95
10.45
10.29
10.10
10.18
10.07
Q
P
E
ICICI Prudential Gilt Fund
Debt - Gilt Fund 1.09 83.93 2,601
9.5
19 Aug' 99
5.33
6.49
7.63
8.84
8.32
8.66
8.49
8.70
Q
P
E
ICICI Prudential Nifty Next 50 Index Fund
Index Funds - Nifty Next 50 0.65 34.14 2,585
10.2
25 Jun' 10
-4.34
10.58
4.75
14.14
16.00
13.06
13.29
13.09
Q
P
E
ICICI Prudential Housing Opportunities Fund
Equity - Thematic Fund - Other 2.10 10.67 2,571
8.5
18 Apr' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Pharma Healthcare and Diagnostics (...
Equity - Sectoral Fund - Pharma & Health Care 2.11 18.77 2,514
14.8
13 Jul' 18
-3.94
20.08
0
0
22.66
25.06
0.00
0.00
Q
P
E
ICICI Prudential Transportation and Logistics Fund
Equity - Thematic Fund - Other 2.05 9.83 2,437
-6.3
28 Oct' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Bond Fund
Debt - Medium to Long Duration Fund 1.11 32.95 2,402
8.6
18 Aug' 08
4.34
5.61
6.54
7.92
7.94
8.38
8.34
8.41
Q
P
E
ICICI Prudential Infrastructure Fund
Equity - Sectoral Fund - Infrastructure 2.22 98.69 2,273
14
31 Aug' 05
19.36
24.87
11.57
16.97
16.93
9.45
8.73
9.61
Q
P
E
ICICI Prudential Nifty Private Bank ETF
ETFs - Index 0.15 204.67 2,149
7.6
09 Aug' 19
9.05
6.59
0
0
16.80
7.49
0.00
0.00
Q
P
E
ICICI Prudential US Bluechip Equity Fund
Equity - Thematic Fund - Global 2.21 46.96 2,121
15.7
06 Jul' 12
3.5
13.32
14.18
13
15.96
14.52
14.43
15.11
Q
P
E
ICICI Prudential Bharat Consumption Fund
Equity - Sectoral Fund - Consumption 2.19 15.71 1,813
12.6
12 Apr' 19
8.12
13.48
0
0
17.37
15.52
0.00
0.00
Q
P
E
ICICI Prudential Nifty 100 Low Volatility 30 ETF
ETFs - Index 0.41 141.49 1,690
12.4
04 Jul' 17
4.51
15.2
10.89
0
13.62
13.77
12.42
0.00
Q
P
E
ICICI Prudential PSU Equity Fund
Equity - Thematic Fund - Other 2.32 10.23 1,307
6
12 Sep' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential MNC Fund
Equity - Thematic Fund - MNC 2.25 18.86 1,301
19.1
17 Jun' 19
0.27
21.21
0
0
29.54
22.64
0.00
0.00
Q
P
E
ICICI Prudential ESG Fund
Equity - Thematic Fund - Other 2.18 13.28 1,285
13
09 Oct' 20
2.79
0
0
0
7.14
0.00
0.00
0.00
Q
P
E
ICICI Prudential Dividend Yield Equity Fund
Equity - Dividend Yield Fund 2.44 29.12 1,216
13
16 May' 14
8.25
21.92
9.22
0
14.07
10.02
8.59
0.00
Q
P
E
ICICI Prudential FMCG Fund
Equity - Sectoral Fund - Consumption 2.34 380.96 1,189
16.5
31 Mar' 99
18.27
14.5
11.32
14.31
14.75
14.89
16.70
18.03
Q
P
E
ICICI Prudential Nifty SDL Sep 2027 Index Fund
Debt - Gilt Fund 0.31 10.21 1,090
2.5
24 Mar' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Exports and Services Fund
Equity - Sectoral Fund - Service Industry 2.40 96.92 1,082
14.1
30 Nov' 05
6.46
17.48
9.65
14.96
20.49
16.74
16.46
15.99
Q
P
E
ICICI Prudential Passive Multi-Asset Fund of Funds
FoFs (Domestic) - Debt Oriented 0.56 10.76 952
7.2
14 Jan' 22
7.92
0
0
0
6.96
0.00
0.00
0.00
Q
P
E
ICICI Prudential Thematic Advantage Fund(FOF)
FoFs (Domestic) - Equity Oriented 1.64 135.50 904
14.6
18 Dec' 03
4.67
22.75
14.29
14.96
15.12
11.68
11.36
11.63
Q
P
E
ICICI Prudential Child Care Fund (Gift Plan)
Solution Oriented - Children's Fund 2.37 196.81 891
14.9
31 Aug' 01
1.44
10.21
7.5
13.34
14.30
11.90
12.64
12.74
Q
P
E
ICICI Prudential Commodities Fund
Equity - Thematic Fund - Other 2.67 26.71 768
34.7
15 Oct' 19
11.01
37.7
0
0
61.42
38.13
0.00
0.00
Q
P
E
ICICI Prudential Silver ETF
ETFs - Other 0.40 70.05 729
4.4
24 Jan' 22
11.05
0
0
0
11.05
0.00
0.00
0.00
Q
P
E
ICICI Prudential Nifty 100 Low Volatility 30 ETF FOF
FoFs (Domestic) - Equity Oriented 0.64 11.79 654
9.5
12 Apr' 21
3.6
0
0
0
3.28
0.00
0.00
0.00
Q
P
E
ICICI Prudential Regular Gold Savings Fund (FOF)
FoFs (Domestic / Overseas ) - Gold 0.51 18.31 648
5.5
11 Oct' 11
17.37
10.61
12.24
6.12
5.13
5.46
5.19
4.70
Q
P
E
ICICI Prudential S&P BSE Sensex Index Fund
Index Funds - Sensex 0.27 18.97 647
12.7
21 Sep' 17
4.92
14.25
11.29
0
14.62
14.41
13.17
0.00
Q
P
E
ICICI Prudential Manufacturing Fund
Equity - Thematic Fund - Other 2.56 18.25 638
15
11 Oct' 18
8.7
20.42
0
0
21.29
19.36
0.00
0.00
Q
P
E
ICICI Prudential Nifty IT ETF
ETFs - Index 0.20 31.29 593
24.5
17 Aug' 20
-90.94
0
0
0
2.67
0.00
0.00
0.00
Q
P
E
ICICI Prudential Long Term Bond Fund
Debt - Long Duration Fund 2.00 73.25 588
8.4
09 Jul' 98
3.27
4.02
6.25
7.94
7.68
8.24
8.18
8.29
Q
P
E
ICICI Prudential NASDAQ 100 Index Fund
Equity - Thematic Fund - Global 1.00 8.40 457
-12.6
18 Oct' 21
-10.64
0
0
0
-19.96
0.00
0.00
0.00
Q
P
E
ICICI Prudential Constant Maturity Gilt Fund
Debt - Gilt Fund with 10 year constant duration 0.39 19.95 403
8.6
12 Sep' 14
2.62
5.62
7.96
0
8.48
9.07
9.14
0.00
Q
P
E
ICICI Prudential S&P BSE Sensex ETF
ETFs - Index 0.05 654.76 398
15.9
10 Jan' 03
5.35
14.56
11.79
12.57
13.57
10.99
10.95
11.15
Q
P
E
ICICI Prudential Fixed Maturity Plan - Series 85 - 1...
Fixed Maturity Plans 0.00 13.64 376
8.3
15 Mar' 19
3.96
6.22
0
0
6.93
6.85
0.00
0.00
Q
P
E
ICICI Prudential Silver ETF Fund of Fund
FoFs (Domestic) - Debt Oriented 0.69 10.84 366
8.4
01 Feb' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Nifty Alpha Low - Volatility 30 ETF
ETFs - Index 0.42 170.20 347
16.1
12 Aug' 20
2.58
0
0
0
16.33
0.00
0.00
0.00
Q
P
E
ICICI Prudential Nifty Next 50 ETF
ETFs - Index 0.10 39.97 322
6.2
23 Aug' 18
-3.69
11.57
0
0
8.64
4.81
0.00
0.00
Q
P
E
ICICI Prudential Global Advantage Fund (FOF)
FoFs (Overseas) 1.39 13.00 281
8.2
07 Oct' 19
-1.07
4.54
0
0
5.08
2.18
0.00
0.00
Q
P
E
ICICI Prudential Income Optimizer Fund(FOF)
FoFs (Domestic) - Debt Oriented 1.24 46.89 274
8.4
18 Dec' 03
6.62
8.67
8.21
9.08
8.44
8.08
8.24
8.40
Q
P
E
ICICI Prudential Fixed Maturity Plan - Series 88 - 9...
Fixed Maturity Plans 0.00 10.09 226
6.8
13 Dec' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Retirement Fund - Pure Equity Plan
Solution Oriented - Retirement Fund 2.59 16.98 210
14.4
27 Feb' 19
-0.64
16.79
0
0
21.21
18.03
0.00
0.00
Q
P
E
ICICI Prudential Fixed Maturity Plan - Series 87 - 1...
Fixed Maturity Plans 0.00 12.00 195
6.5
13 Mar' 20
4.53
0
0
0
4.79
0.00
0.00
0.00
Q
P
E
ICICI Prudential Retirement Fund - Pure Debt Plan
Solution Oriented - Retirement Fund 2.16 12.77 186
6.4
27 Feb' 19
3.82
5.13
0
0
6.02
5.97
0.00
0.00
Q
P
E
ICICI Prudential Nifty Alpha Low - Volatility 30 ETF...
FoFs (Domestic) - Equity Oriented 0.63 9.24 165
-5.6
20 Sep' 21
0.22
0
0
0
-0.78
0.00
0.00
0.00
Q
P
E
ICICI Prudential Nifty SDL Dec 2028 Index Fund
Debt - Gilt Fund 0.36 10.28 161
9.4
12 Oct' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Nifty Midcap 150 ETF
ETFs - Index 0.15 116.33 160
19.7
24 Jan' 20
2.25
20.22
0
0
38.83
20.39
0.00
0.00
Q
P
E
ICICI Prudential Retirement Fund - Hybrid Aggressive...
Solution Oriented - Retirement Fund 2.49 14.82 158
10.5
27 Feb' 19
-0.27
11.43
0
0
14.17
12.61
0.00
0.00
Q
P
E
ICICI Prudential Nifty SDL Sep 2026 Index Fund
Debt - Gilt Fund 0.34 10.06 155
5.3
21 Dec' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Debt Management Fund (FOF)
FoFs (Domestic) - Debt Oriented 0.74 37.07 147
7.1
18 Dec' 03
4.75
5.78
6.5
8.11
8.01
8.26
8.05
7.77
Q
P
E
ICICI Prudential Nifty Auto ETF
ETFs - Index 0.20 131.98 113
12.5
12 Jan' 22
14.82
0
0
0
12.76
0.00
0.00
0.00
Q
P
E
ICICI Prudential Fixed Maturity Plan - Series 88 - 1...
Fixed Maturity Plans 0.00 10.06 112
4.1
08 Dec' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Global Stable Equity Fund (FOF)
FoFs (Overseas) 1.55 22.29 109
8.9
13 Sep' 13
8.68
9.77
9.1
9.13
8.90
8.15
8.06
8.41
Q
P
E
ICICI Prudential Nifty Bank Index Fund
Index Funds - Other 1.00 11.34 105
14.6
02 Mar' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Nifty Midcap 150 Index Fund
Index Funds - Other 1.00 10.08 98
0.7
22 Dec' 21
1.1
0
0
0
0.97
0.00
0.00
0.00
Q
P
E
ICICI Prudential Nifty G-Sec Dec 2030 Index Fund
Debt - Gilt Fund 0.36 10.25 97
8.3
11 Oct' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Passive Strategy Fund (FOF)
FoFs (Domestic) - Equity Oriented 0.35 102.44 92
12.9
18 Dec' 03
5.25
14.07
10.01
12.81
12.61
10.39
10.85
11.39
Q
P
E
ICICI Prudential Strategic Metal and Energy Equity F...
FoFs (Overseas) 1.42 13.58 86
35.9
02 Feb' 22
0
0
0
0
0.00
0.00
0.00
0.00
Q
P
E
ICICI Prudential Nifty Healthcare ETF
ETFs - Index 0.15 79.64 80
-2.3
18 May' 21
-2.08
0
0
0
-7.76
0.00
0.00
0.00
Q
P
E
ICICI Prudential Bharat 22 FOF
FoFs (Domestic) - Equity Oriented 0.09 16.61 75
11.7
29 Jun' 18
18.98
18.43
0
0
15.11
10.56
0.00
0.00
Q
P
E
ICICI Prudential S&P BSE 500 ETF
ETFs - Index 0.31 24.80 72
11.3
09 May' 18
2.18
-46.34
0
0
-10.88
-27.82
0.00
0.00
Q
P
E
ICICI Prudential Nifty Smallcap 250 Index Fund
Index Funds - Other 1.00 9.20 69
-6.5
02 Nov' 21
-7.35
0
0
0
-3.01
0.00
0.00
0.00
Q
P
E
ICICI Prudential Nifty FMCG ETF
ETFs - Index 0.20 451.71 64
14.8
05 Aug' 21
24.53
0
0
0
18.41
0.00
0.00
0.00
Q
P
E
ICICI Prudential India Equity FOF
FoFs (Domestic) - Equity Oriented 1.61 17.48 63
20.9
25 Feb' 20
3.62
0
0
0
36.67
0.00
0.00
0.00
Q
P
E
*Based on the Fund’s Ranking within its Category
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FAQ's
SIP refers to periodic investment in an MF. In this option, you commit to invest a pre-decided amount, at regular intervals, and you get allotted Units based on an MF’s NAV. E.g. Suppose you do an SIP of Rs. 1,000. If, for the 1st month its NAV is Rs. 15, you get 66.67 units. For the 2nd, the NAV is Rs. 25, so you get 40 units. For the 3rd, the NAV is Rs. 20, you get 50 units. At the end of 3 months, you have invested Rs. 3,000 and received 156.67 units at an average NAV of Rs. 19.2.
A Direct Plan means you investing directly thru' an AMC/MF website. As there is no Distributor involved, returns generated by this plan will be higher by the percentage fees paid to a Distributor. We, at MoneyWorks4me, encourage investors to invest in Direct Plans.
Regular Plan is when you invest in an MF scheme through a Distributor or Broker. This means you will end up paying some fees to the Distributor. The fees are directly paid by the AMC to a Distributor. For you as an investor, it is reflected in the lower NAV values, and higher Expense Ratio than a Direct Plan
It is the Fund House or the company responsible for managing investors’ money, and in turn, all the MF schemes.
The money collected by an MF Scheme is invested across asset classes like stocks, debt Funds, gold and cash. The market value of these investments at any given time minus the MF’s liabilities is known as the Fund’s AUM. (E.g. If a Fund’s value of investments is Rs. 100 Cr and liabilities Rs 5 Cr., then AUM is Rs. 95 Cr.) Though, a large AUM denotes a Fund’s popularity and success, it also means restrictions on investing (Fund will have to invest mainly in large companies) and difficulty in replicating past high return performance.
It is the price per unit of the MF scheme. On any given day, NAV is the price at which any investor invests in an MF scheme. NAV = [the market value of all the securities held by the scheme minus its liabilities] ÷ the number of units. Since, market value of securities changes every day, NAV of a scheme also changes every day. Similar to a stock price, a high or low NAV does not affect our investment decision.
A Benchmark is a popular index like the SENSEX, NIFTY or BSE 100, against which a Fund’s performance is gauged. A Fund is supposed to choose a Benchmark based upon the market-section it invests in. E.g. a Mid-Cap Fund may use NSE Midcap Index as its Benchmark. It makes sense to invest in an MF, only if it has consistently beaten its Benchmark performance over a 3-5 year period.
The Expense Ratio is the fee charged by a Mutual Fund for managing its investors’ money. It is shown as a percentage of the Assets Under Management (AUM). E.g. if you invest Rs. 10,000 in a Fund with an Expense Ratio of 1.5%, then you are paying the Fund Rs. 150 to manage your money. As a general rule, you are told to avoid Funds with high Expense Ratio. However, it can also turn to be a good investment, if it consistently generates excess returns (Alpha) over its Expense Ratio.
Load is the fees charged for buying (i.e. Entry load) and selling (i.e. Exit load) MF units. SEBI has scrapped the Entry load wef August 1, 2009. Some Funds may charge Investors an Exit load only on early exit (e.g. within a year of investment) to encourage long-term investment behaviour.
Rolling Returns consider performance on every day or week (or any specified frequency) of a defined period, and hence, tell you how you would have fared regardless of when you chose to invest. E.g. A monthly five-year Rolling Return is return from 1-Jan-2013 to 1-Jan-2018, 1-Feb-2013 to 1Feb-2018, subsequently for all months. For 3-yr or 2-yr rolling, the year changes respectively. We advise our users to look at Rolling Alpha, because it allows you to evaluate the consistency of a Fund’s performance over time - including the ups and downs of market cycles.
Choosing growth option means you will not receive extra units for Dividend declared by the Fund. Instead, the amount will stay invested in the Fund, thereby compounding your returns. Choose this option, if you prefer capital appreciation over regular income from your investment.
An Open-ended Fund or Scheme is one that is available for subscription and re-purchase on a continuous basis. These schemes do not have a fixed maturity period. Investors can conveniently buy and sell units at Net Asset Value (NAV) related prices which are declared on a daily basis. The key feature of open-end schemes is liquidity. The opposite is closed ended where the fund cannot be sold very easily.
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