1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.26 | 0.04 | 0.10 | 0.37 | 1.86 | 4.11 | 9.21 | 8.56 | 8.39 | 8.79 | 8.78 |
CCIL T Bill Liquidity Weight | 0.08 | -0.01 | 0.04 | 0.10 | 0.46 | 1.07 | 2.95 | 3.78 | 4.00 | 4.42 | 4.70 |
Debt: Credit Risk | 0.27 | 0.08 | 0.15 | 0.44 | 1.83 | 4.28 | 0.39 | 1.31 | 3.78 | 6.02 | 7.62 |
Rank within category | 9 | 7 | 9 | 10 | 9 | 9 | 2 | 1 | 2 | 1 | 1 |
Number of funds in category | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 16 | 15 | 6 | 4 |
As on 25-Jan-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
ICICI Prudential Credit Risk Fund | Invest Now | Dec-10 | 9.21 | 8.56 | 8.39 | 1.65 | 6,735 | |
HDFC Credit Risk Debt Fund - Regular Plan | Invest Online | Mar-14 | 10.37 | 8.27 | 8.44 | 1.57 | 6,601 | |
SBI Credit Risk Fund | Invest Online | Jul-04 | 8.96 | 7.34 | 7.85 | 1.55 | 3,671 | |
Kotak Credit Risk Fund Regular Plan | Invest Online | May-10 | 5.98 | 7.16 | 7.68 | 1.73 | 1,845 | |
IDFC Credit Risk Fund - Regular Plan | Mar-17 | 6.72 | 7.06 | -- | 1.68 | 811 |
Best (Period) | Worst (Period) | |
---|---|---|
Week | 1.99 (24-Mar-2020 - 31-Mar-2020) | -1.72 (10-Jul-2013 - 17-Jul-2013) |
Month | 2.69 (20-Aug-2013 - 19-Sep-2013) | -2.02 (15-Jul-2013 - 14-Aug-2013) |
Quarter | 4.36 (29-Apr-2020 - 29-Jul-2020) | -2.86 (20-May-2013 - 19-Aug-2013) |
Year | 12.63 (19-Aug-2013 - 19-Aug-2014) | 4.86 (25-Sep-2017 - 25-Sep-2018) |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 8.32 | 1.70 | 2.09 | 2.98 | -0.25 | 3.31 |
CCIL T Bill Liquidity Weight | 3.78 | 0.34 | -2.89 | -5.80 | -- | -- |
Debt: Credit Risk | 1.66 | 6.60 | 0.06 | 0.23 | -3.35 | -6.40 |
Rank within category | 1 | 1 | 1 | 1 | 14 | 1 |
Number of funds in category | 17 | 17 | 17 | 17 | 17 | 17 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2020
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 82 | 132 | 72 | 27 |
Modified Duration (yrs) | 1.92 | 2.29 | 1.22 | 1.57 |
Average Maturity (yrs) | 2.50 | 3.02 | 1.59 | 1.82 |
Yield to Maturity (%) | 7.71 | 9.41 | 7.71 | 7.39 |
Avg Credit Rating | AA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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5.77% GOI 2030 | GOI Securities | SOV | 0.00 - 7.63 | 4.49 |
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10.50% Prestige Estates Projects 2023 | Non Convertible Debenture | A+ | 1.93 - 3.86 | 3.70 |
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9.15% ICICI Bank | Debenture | AA+ | 3.28 - 5.87 | 3.28 |
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11.51% Kalpataru Properties Thane 30/04/2021 | Non Convertible Debenture | Unrated | 1.56 - 3.09 | 2.98 |
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Aditya Birla Fashion and Retail 2022 | Debenture | AA | 1.40 - 2.99 | 2.96 |
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MTNL 2030 | Debenture | AAA | 0.00 - 2.73 | 2.71 |
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7.99% Great Eastern Shipping Co. 18/01/2024 | Non Convertible Debenture | AA+ | 1.89 - 2.69 | 2.67 |
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TMF Holdings 28/03/2022 | Zero Coupon Bonds | AA- | 1.22 - 2.70 | 2.65 |
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8.50% Vedanta 2021 | Debenture | AA- | 0.00 - 2.50 | 2.43 |
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8.80% Pune Solapur Expressways 31/03/2029 | Debenture | AA- | 0.00 - 2.46 | 2.39 |
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Adarsh Advisory Services Pvt. 2021 | Zero Coupon Bonds | A | 1.23 - 2.44 | 2.39 |
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10.25% RBL Bank 30/06/2022 | Debenture | AA- | 1.18 - 2.38 | 2.30 |
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7.55% Mahindra Rural Housing Finance 15/09/2023 | Debenture | AA+ | 0.00 - 2.32 | 2.28 |
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Adarsh Advisory Services Pvt. 2022 | Zero Coupon Bonds | A | 1.16 - 2.32 | 2.27 |
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7.30% Torrent Power 2023 | Non Convertible Debenture | AA | 0.00 - 2.32 | 2.26 |
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10.45% Ashok Concessions 25/04/2022 | Non Convertible Debenture | AA | 1.17 - 2.33 | 2.24 |
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6.22% GOI 16/03/2035 | GOI Securities | SOV | 0.00 - 1.85 | 1.85 |
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9.77% Tata Motors 2024 | Debenture | AA- | 0.00 - 1.65 | 1.61 |
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6.65% Motherson Sumi Systems 14/09/2023 | Non Convertible Debenture | AAA | 0.00 - 1.55 | 1.51 |
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8.10% Jhajjar Power 27/07/2023 | Non Convertible Debenture | AAA | 0.00 - 1.51 | 1.50 |
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9.15% NUVOCO Vistas Corp. 30/08/2022 | Non Convertible Debenture | AA | 1.24 - 2.97 | 1.50 |
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9.34% JM Financial Products 23/04/2021 | Non Convertible Debenture | AA | 0.76 - 1.53 | 1.48 |
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8.76% TMF Holdings | Non Convertible Debenture | AA- | 0.00 - 0.99 | 1.48 |
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Reserve Bank of India 182-D 25/03/2021 | Treasury Bills | SOV | 0.00 - 1.47 | 1.47 |
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8.50% Vedanta 15/06/2021 | Non Convertible Debenture | AA- | 0.00 - 1.51 | 1.47 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2020
— Akhil Kakkar since 05-Jun-2017
Education: Mr. Kakkar is B.Tech (IIT Roorkee) and PGDM (Finance)
Experience: Prior to Joining ICICI Prudential Mutual Fund he has worked with Kotak Mahindra Bank in Debt Capital Markets, SBI Capital Markets in Project Advisory & Structured Finance and Goldman Sachs Services Pvt Ltd as Analyst Developer.
— Manish Banthia since 07-Nov-2016
Education: Mr. Banthia is B.Com, CA and MBA
Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
Funds Managed:
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The scheme seeks to generate income through investing predominantly in AA and below rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity.
Minimum Investment (₹) | 100 |
Minimum Addl Investment (₹) | 100 |
Minimum SIP Investment (₹) | 100 |
Minimum No of Cheques | 6 |
Minimum Withdrawal (₹) | 100 |
Minimum Balance (₹) | -- |
Exit Load | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
Fund House: | ICICI Prudential Mutual Fund |
Launch Date: | 03-Dec-2010 |
Return Since Launch: | 8.74% |
Benchmark: | CRISIL Short Term Credit Risk |
Riskometer: | High |
Type: | Open-ended |
Assets: | ₹ 6,735 Cr (As on 31-Dec-2020) |
Expense: | 1.65% (As on 31-Dec-2020) |
Risk Grade: | Low |
Return Grade: | High |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Quarterly | 30-Dec-2020 | 0.2763 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Half Yearly | 30-Sep-2020 | 0.6807 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Yearly | 20-Mar-2020 | 0.6955 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fundwire - 26-Jul-2019
AMC: ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051
Phone: 022-26525000 / 1800-222-999 / 1800-200-6666
Fax: 022-26528100
Email: [email protected]
Website: http://www.icicipruamc.com
Registrar & Transfer Agent: Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002
Phone: 1800-3010-6767 / 1800-419-7676
Fax: 044-30407101
Email: [email protected]
Website: www.camsonline.com