Published Jul 2, 2026 4 Min Read

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Introduction

There is no single winner in the HDFC Mutual Fund vs ICICI Prudential Mutual Fund comparison. Both AMCs offer equity, debt, hybrid, ELSS, index, and thematic mutual fund schemes. Instead of choosing an AMC alone, compare the individual scheme based on its investment objective, risk level, expense ratio, and long-term consistency.

  • Both AMCs offer equity, debt, hybrid, ELSS, index, and thematic funds. 
  • You can compare schemes based on investment objective, expense ratio, portfolio allocation, and historical consistency. 
  • Most schemes support SIP and lumpsum investments. 
  • SIP investments start from Rs. 100 per month for most schemes on the platform. 
  • Investors can choose from 4,000+ mutual fund schemes on the Bajaj Broking website. 
  • Complete your mandatory KYC before investing, as required under SEBI regulations. 

Compare mutual fund schemes from both AMCs on the Bajaj Broking website, complete your KYC, and start investing through SIP or lumpsum.

ICICI Prudential Mutual Fund vs HDFC Mutual Fund: AMC overview

HDFC Mutual Fund and ICICI Prudential Mutual Fund are established asset management companies (AMCs) that offer mutual fund schemes across multiple investment categories. Each AMC manages its schemes according to its investment philosophy and the Scheme Information Document (SID).

Both fund houses provide investment options for long-term wealth creation, tax saving, regular income, and portfolio diversification.

FeatureHDFC Mutual FundICICI Prudential Mutual Fund
Asset Management CompanyHDFC Asset Management Company Ltd.ICICI Prudential Asset Management Company Ltd.
Fund CategoriesEquity, Debt, Hybrid, ELSS, Index, ETFs, Thematic, Solution-oriented fundsEquity, Debt, Hybrid, ELSS, Index, ETFs, Thematic, Solution-oriented funds
Investment StyleActive and passive investment optionsActive and passive investment options
Investment ModesSIP and lumpsumSIP and lumpsum
Minimum SIP (on Bajaj Broking website)Rs. 100 per month for most schemesRs. 100 per month for most schemes
Managed ByProfessional fund managers at HDFC AMCProfessional fund managers at ICICI Prudential AMC
Available On Bajaj Broking websiteBajaj Broking website

HDFC Mutual Fund vs ICICI Prudential Mutual Fund: Top schemes

Both AMCs offer mutual fund schemes across different investment categories. Instead of choosing a scheme based on recent returns alone, compare its investment objective, benchmark, expense ratio, portfolio, and risk level.

CategoryHDFC Mutual FundICICI Prudential Mutual Fund
Large-cap FundHDFC Large Cap FundICICI Prudential Bluechip Fund
Flexi Cap FundHDFC Flexi Cap FundICICI Prudential Flexicap Fund
Balanced Advantage FundHDFC Balanced Advantage FundICICI Prudential Balanced Advantage Fund
ELSS FundHDFC ELSS Tax SaverICICI Prudential ELSS Tax Saver Fund
Index FundHDFC Index S&P BSE Sensex FundICICI Prudential Nifty 50 Index Fund

Before selecting any scheme, compare:

  • Investment objective 
  • Benchmark index 
  • Expense ratio 
  • Portfolio allocation 
  • Risk level shown on the SEBI Riskometer 
  • Historical consistency 

HDFC vs ICICI Prudential Mutual Fund: Fund Categories offered

Both HDFC Mutual Fund and ICICI Prudential Mutual Fund provide schemes across major mutual fund categories. The right category depends on your financial goals, investment horizon, and risk tolerance.

Fund CategoryHDFC Mutual FundICICI Prudential Mutual Fund
Equity Funds✔ Available✔ Available
Debt Funds✔ Available✔ Available
Hybrid Funds✔ Available✔ Available
ELSS Funds✔ Available✔ Available
Index Funds✔ Available✔ Available
ETFs✔ Available✔ Available
Thematic Funds✔ Available✔ Available
Solution-oriented Funds✔ Available✔ Available

On the Bajaj Broking website, you can compare 4,000+ mutual fund schemes across these categories. After completing your mandatory KYC, you can invest through SIP or lumpsum. SIP investments start from Rs. 100 per month for most schemes.

HDFC vs ICICI Prudential ELSS Funds: Which is better for tax saving?

Both HDFC Mutual Fund and ICICI Prudential Mutual Fund offer ELSS (Equity Linked Savings Scheme) funds that help you save tax under Section 80C of the Income Tax Act.

ELSS funds have the following features:

FeatureHDFC ELSS FundICICI Prudential ELSS Fund
Tax benefitEligible for deduction up to Rs. 1.5 lakh under Section 80CEligible for deduction up to Rs. 1.5 lakh under Section 80C
Lock-in period3 years for each SIP instalment3 years for each SIP instalment
Investment modeSIP and lumpsumSIP and lumpsum
ReturnsMarket-linkedMarket-linked

Neither ELSS fund is automatically better. Compare the fund's investment strategy, expense ratio, portfolio allocation, and long-term consistency before investing.

ICICI Prudential vs HDFC Mutual Fund: Unique strengths of each AMC

Both AMCs have their own strengths. The better choice depends on the scheme that aligns with your financial goals.

HDFC Mutual FundICICI Prudential Mutual Fund
Offers equity, debt, hybrid, ELSS, index, ETF, and thematic fundsOffers equity, debt, hybrid, ELSS, index, ETF, and thematic funds
Provides active and passive investment optionsProvides active and passive investment options
Suitable for long-term and goal-based investingSuitable for long-term and goal-based investing
Managed by professional fund managers according to the Scheme Information Document (SID)Managed by professional fund managers according to the Scheme Information Document (SID)

Rather than selecting an AMC based only on reputation, compare the individual scheme's investment objective, portfolio, expense ratio, and SEBI Riskometer before investing.

Should I invest in HDFC Mutual Fund or ICICI Prudential Mutual Fund?

The right choice depends on your financial goals, investment horizon, and risk tolerance. Rather than choosing an AMC alone, compare the individual mutual fund scheme that best matches your investment needs.

If you are looking forYou should compare
Long-term wealth creationEquity funds from both AMCs
Tax-saving investmentsELSS funds from both AMCs
Regular SIP investingEligible SIP schemes from both AMCs
Portfolio diversificationHybrid and multi-asset funds
Passive investingIndex funds from both AMCs
Lower portfolio volatilityDebt funds from both AMCs

Before investing, compare the following:

  • Investment objective. 
  • Risk level shown on the SEBI Riskometer (Low, Low to Moderate, Moderate, Moderately High, High, or Very High). 
  • Expense ratio. 
  • Portfolio allocation. 
  • Benchmark index. 
  • Historical consistency. 
  • Fund manager's investment strategy. 

On the Bajaj Broking website, you can compare 4,000+ mutual fund schemes across equity, debt, hybrid, ELSS, thematic, and NFO categories. After completing your mandatory KYC, you can invest through SIP or lumpsum. SIP investments start from Rs. 100 per month for most schemes.

Conclusion

The HDFC Mutual Fund vs ICICI Prudential Mutual Fund comparison does not have a single winner because both AMCs offer a wide range of mutual fund schemes across different investment categories. Instead of choosing an AMC based only on its name, compare the individual scheme's investment objective, expense ratio, portfolio allocation, benchmark, and long-term consistency.

Whether you are investing for wealth creation, tax saving, or regular income, selecting a scheme that matches your financial goals and risk appetite is more important than choosing one AMC over another. On the Bajaj Broking website, you can compare 4,000+ mutual fund schemes, complete your mandatory KYC, and invest through SIP or lumpsum. SIP investments start from Rs. 100 per month for most schemes, and you can track your investments using the Dashboard, Portfolio, Orders, and MF Profile.

Frequently asked questions

Which AMC has lower expense ratios — HDFC or ICICI Prudential?

Neither AMC consistently has lower expense ratios across all schemes. The expense ratio depends on the individual mutual fund. Compare similar schemes before investing because the expense ratio is deducted from the NAV and can influence long-term returns. The Bajaj Broking website lets you compare expense ratios across multiple mutual fund schemes.

Which AMC is better for ELSS tax-saving — HDFC or ICICI Prudential?

Neither HDFC Mutual Fund nor ICICI Prudential Mutual Fund is automatically better for ELSS investing. Compare individual ELSS schemes based on investment strategy, portfolio allocation, expense ratio, and long-term consistency. ELSS investments qualify for a deduction of up to Rs. 1.5 lakh under Section 80C and have a mandatory 3-year lock-in period for each SIP instalment.

Can I invest in both HDFC and ICICI Prudential Mutual Funds at the same time?

Yes. You can invest in schemes from both AMCs if they suit your financial goals and risk profile. Holding funds from different AMCs may improve diversification, provided the schemes do not have significant portfolio overlap. The Bajaj Broking website provides access to 4,000+ mutual fund schemes for comparison and investment.

Which mutual fund gave better 5-year returns — HDFC or ICICI Prudential?

There is no single answer because returns vary across schemes and market cycles. Instead of comparing the AMCs as a whole, compare similar funds with the same investment objective and benchmark. Review 1-year, 3-year, and 5-year historical consistency, while remembering that past performance does not guarantee future returns.

Is HDFC Mutual Fund safe for first-time investors?

The level of risk depends on the mutual fund scheme rather than the AMC. Before investing, check the SEBI Riskometer, which classifies schemes from Low to Very High risk. Select a fund that matches your financial goals and risk tolerance instead of choosing based only on the fund house.

Should I invest in HDFC Mutual Fund or ICICI Prudential Mutual Fund for long-term wealth creation?

The right choice depends on the specific equity fund you select and how well it aligns with your financial goals. Compare the investment objective, expense ratio, portfolio allocation, benchmark, and long-term consistency before investing. Starting through a SIP can help you invest regularly, with SIP investments beginning from Rs. 100 per month for most schemes on the Bajaj Broking website.

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The information contained in this article is for general informational purposes only and does not constitute any financial advice. The content herein has been prepared by BFL on the basis of publicly available information, internal sources and other third-party sources believed to be reliable. However, BFL cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed.

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