With a high AUM and a variety of investment options, ICICI Prudential Mutual Fund has emerged as one of the top mutual fund providers in the industry. Conversely, Nippon-India Mutual Fund, the new Reliance Mutual Fund call, also took up some space in the marketplace and provided capital options for both institutional and retail investors. In order to assist our investors in making wise choices, we will examine the factors affecting both the ICICI and Nippon India mutual funds in this study.
Performance of the Fund
ICICI Prudential Mutual Fund: With a very large assets under management AUM of ₹5,18,767 crore as of the end of February 28, 2023, ICICI Prudential AMC is one of the most active fund managers in this market. To satisfy the demands of all investors, it offers 116 programs in the categories of debt, equity, hybrid, and themes.
Nippon India Mutual Fund: Previously known as Reliance Mutual Funds, Nippon India MF offers 59 main plans that include debt, equities, liquid, and gold schemes. As of March 31, 2023, its AUM was INR 2.93 lakh crore. It might be considered a significant player in the market because it ranks fourth among advisors by AUM.
FundManagers
ICICI Prudential Mutual Fund: Mr. S Naren is the fund manager, and Mr. Nimesh Shah is the MD and CEO of this moderated fund. The fund employs a group of skilled managers with a track record of consistently producing returns.
Nippon India Mutual Fund: Under the direction of Mr. Sundeep Sikka, MD and CEO, the investment team, led by Meenakshi Dawar, Anju Chhajer, Pranay Sinha, and others, is skilled and knowledgeable in a range of industries and investment kinds.
Investment Possibilities
ICICI Prudential Mutual Fund: The ICICI sales area contains the list of fund offers for institutional partners, retail traders, and HNIs. Its debt, equity, and hybrid units provide outstanding levels of risk and investment objectives.
Nippon India Mutual Fund: There are many different types of Nippon India Mutual Fund schemes, including debt, equity, liquid schemes, and gold price ranges. Investors will have the opportunity to select investment plans from the wide range of offerings; they will usually be given advice regarding their risk tolerance, financial goals, and investment duration.
Performance Evaluation
Prudential ICICI Mutual Fund:
It goes without saying that ICICI Prudential Mutual Fund is one of the best mutual funds out there and provides all the tools an investor may need to make a successful investment.
Nippon India Mutual Fund:
Many investors and analysts have taken notice of Nippon India’s bond and equities fund performance, which they consider to be somewhat unexpected. This type of scenario demonstrates how the strategy yields results because it is grounded in research and benefits traders.
In conclusion
Finally, ICICI Prudential Mutual Fund and Nippon MF have a strong track record, seasoned management teams, and flexible schemes that range from cautious to aggressive to meet the needs of various investors. Investors should consider their own objectives, risk tolerance, and any other investment preferences before making any decisions. This will help to ensure that the choices they make align with their financial stability and wealth-building objectives.