ICICI Prudential Pension Fund Management Company Limited started its operations May 2009 and is associated with ICICI Prudential Life Insurance and ICICI Bank. It is currently being head by Ms. Meghana Baji as its CEO. At present, ICICI Pension Fund provides the highest return on NPS corporate bonds (Tier 1) on 3 and 5-year basis and since inception.
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ICICI Prudential NPS Tier 1 Account
| Returns/Scheme | Equity | Corporate Bonds | Government Bonds | Alternative Assets | Average Return* |
| 1 Year | 17.90% | 2.38% | -0.93% | 2.99% | 6.45% |
| 3 Years | 14.25% | 8.20% | 7.27% | NA | 9.91% |
| 5 Years | 17.72% | 10.40% | 9.80% | NA | 12.64% |
| Since Inception | 12.69% | 10.31% | 8.25% | 5.81% | 10.42% |
*Average return reflects the return earned on a scheme with equal allocation in Equity, Corporate Bonds and Government Bonds, with nothing invested in the Alternative Asset class considering its recent inclusion as a scheme category.
ICICI Prudential NPS Tier 2 Account
| Returns/Scheme | Equity | Corporate Bonds | Government Bonds | Average Return* |
| 1 Year | 17.97% | 2.18% | -0.90% | 6.42% |
| 3 Years | 14.25% | 8.08% | 7.28% | 9.87% |
| 5 Years | 17.67% | 10.25% | 9.79% | 12.57% |
| Since Inception | 10.54% | 10.14% | 8.33% | 9.67% |
*Average return reflects the return earned on a scheme with equal allocation in Equity, Corporate Bonds and Government Bonds.
The Management
ICICI Prudential Pension Fund is headed by Ms. Meghana Baji as its CEO. Baji is a Chartered Accountant along with a Global Association of Risk Professionals (GARP) certification as a Financial Risk Manager.
Portfolio Details of ICICI Prudential Pension Fund
ICICI Prudential NPS Tier 1 Account
The value of total assets under management (AUM) for NPS Tier 1 is Rs. 2,524 crore.
| Details/Scheme | Equity | Corporate Bonds | Government Bonds | Alternative Assets |
| Scheme Inception Date | May 18, 2009 | November 21, 2016 | ||
| Asset Under Management (AUM) | Rs. 1,101 crore | Rs. 642 crore | Rs. 779 crore | Rs. 2 crore |
| Top 5 Holdings |
HDFC Bank, Reliance Industries, ITC, Infosys, HDFL |
8.60% NABARD 2022, 7.90% Reliance Ports and Terminals Ltd 2026, 8.45 % Reliance Ports & Terminals Ltd 2023, 7.90% India Infradebt Ltd 2022, 8.82 % RECL 2023 |
6.68% GS 2031, 7.59% GS 2029, 8.17% GOI 2044, 8.33% GOI 2026, 8.33% GOI 2036 |
8.85% HDFC Bank perpetual bond, 9.50% Yes Bank Perpetual bond 2021, 8.65% BANK OF BARODA BASEL III PPB SERIES IX, Kotak Liquid Direct Plan – Growth Option, 8.15% SBI Perpetual Bond |
| Weightage of Top 5 Holdings | 33.58% | 16.33% | 40.22% | 80.77% |
| Top 3 Sectors | Banking, IT, Petroleum | Banking, House credit granting institutions, Other credit granting institutions | Central Government, Mutual Fund management companies | Banking, Mutual Fund management companies |
ICICI Prudential NPS Tier 2 Account
The value of total assets under management (AUM) for NPS Tier 2 is Rs. 885 crore.
| Details/Scheme | Equity | Corporate Bonds | Government Bonds |
| Scheme Inception Date | December 21, 2009 | December 21, 2009 | December 30, 2009 |
| Asset Under Management (AUM) | Rs. 73 crore | Rs. 53 crore | Rs. 53 crore |
| Top 5 Holdings |
HDFC Bank, Reliance Industries, ITC, Infosys, HDFL |
7.90% Reliance Ports and Terminals Ltd 2026, 8.82 % RECL 2023, 8.60% NABARD 2022, 8.85% AXIS Bank Ltd 2024, 7.60% AXIS Bank Ltd Infra Bond 2023 |
6.68% GS 2031, 8.17% GOI 2044, 8.33% GOI 2036, 8.28% GOI 2027, 8.32% GOI 2032 |
| Weightage of Top 5 Holdings | 33.37% | 18.27% | 39.05% |
| Top 3 Sectors | Banking, IT, Petroleum | Banking, House credit granting institutions, Other credit granting institutions | Central Government, Liquid Mutual Fund units |
*All above details are as on September 25, 2018.