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ICICI Prudential Savings Fund

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Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.25 0.00 0.09 0.82 1.91 4.18 8.95 7.74 8.22 8.59 8.52
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 4.15 4.15 4.46 4.78 4.71
Debt: Low Duration 0.83 0.02 0.03 0.67 1.16 2.67 2.11 5.24 6.32 7.04 7.22
Rank within category 6 21 7 4 3 4 1 1 1 1 1
Number of funds in category 26 26 26 26 26 26 26 26 24 23 16

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.17 (23-Feb-2003 - 02-Mar-2003) -4.62 (05-Feb-2003 - 12-Feb-2003)
Month 5.03 (10-Mar-2003 - 09-Apr-2003) -6.84 (14-Jan-2003 - 13-Feb-2003)
Quarter 8.98 (23-Oct-2002 - 22-Jan-2003) -2.04 (12-May-2004 - 11-Aug-2004)
Year 18.84 (16-Oct-2002 - 16-Oct-2003) -0.80 (16-Oct-2003 - 15-Oct-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.38 0.75 2.28 4.15 1.86 4.70
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Low Duration 5.08 3.25 0.69 1.45 1.93 2.52
Rank within category 1 5 2 3 11 4
Number of funds in category 25 25 25 25 25 25

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 167 187 113 52
Modified Duration (yrs) 0.79 0.89 0.47 0.74
Average Maturity (yrs) 0.99 1.15 0.55 0.92
Yield to Maturity (%) 6.51 8.22 6.46 6.93

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 5.59 4.31
equal SIDBI 18/03/2020 Certificate of Deposit A1+ 0.00 - 4.38 2.64
equal 7.59% REC 13/03/2020 Debenture AAA 2.55 - 3.64 2.55
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 3.45 2.47
new Reserve Bank of India 63-D 17/03/2020 Treasury Bills SOV 0.00 - 2.40 2.40
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.22 2.22
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 2.39 2.02
equal Larsen & Toubro 123-D 31/03/2020 Commercial Paper A1+ 0.00 - 2.09 1.98
equal 7.65% National Housing Bank 25/03/2022 Debenture AAA 0.00 - 2.01 1.67
new National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.00 - 1.57 1.57
equal Bharti Telecom 19/02/2020 Debenture AA+ 0.00 - 1.80 1.56
new Reserve Bank of India 70-D 17/03/2020 Treasury Bills SOV 0.00 - 1.54 1.54
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.28 - 1.55 1.47
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.28 - 1.67 1.44
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 1.56 1.34
equal 7.91% Tata Capital Housing Finance 2021 Non Convertible Debenture AAA 0.00 - 1.57 1.33
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.41 1.33
equal Bharti Telecom 29/05/2020 Non Convertible Debenture AA+ 0.00 - 1.60 1.33
equal 8.25% Bharti Airtel 20/04/2020 Non Convertible Debenture AA 1.33 - 1.74 1.33
equal Indusind Bank 26/08/2020 Certificate of Deposit A1+ 0.00 - 1.53 1.29
equal Bharti Telecom 19/05/2020 Non Convertible Debenture AA+ 0.00 - 1.29 1.22
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 1.22 1.16
equal Aditya Birla Fashion and Retail 20/04/2020 Debenture AA 1.15 - 1.40 1.15
equal 8.75% Nabha Power 28/02/2020 Debenture AAA 1.11 - 1.47 1.11
new 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 1.11 1.11

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Rahul Goswami since 17-Sep-2012

Education: Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)

Experience: Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.

Funds Managed:

— Rohan Maru since 16-Sep-2013

Education: Mr. Maru is M.Com and MBA in Finance.

Experience: Prior to this, he worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.

Funds Managed:

Invest Now
0.06%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 386.5867

Dividend Weekly: ₹ 105.5032

More

Dividend Quarterly: ₹ 105.7203

Dividend Others: ₹ 154.4693

Dividend Monthly: ₹ 101.9895

Dividend Fortnightly: ₹ 101.1252

Dividend Daily: ₹ 105.7358

Bonus: ₹ 154.2297

Investment Strategy

The scheme seeks to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 100
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 27-Sep-2002
Return Since Launch: 8.07%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 22,569 Cr (As on 31-Jan-2020)
Expense: 0.50% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily20-Feb-20200.0026

 18-Feb-20200.0013
 17-Feb-20200.0462
 14-Feb-20200.0210
 13-Feb-20200.0347
 12-Feb-20200.0120
 11-Feb-20200.0258
 10-Feb-20200.0449
 07-Feb-20200.0417
 06-Feb-20200.1247
 05-Feb-20200.0154
 04-Feb-20200.0197
 03-Feb-20200.0633
 31-Jan-20200.0129
 30-Jan-20200.0015
 29-Jan-20200.0087
 28-Jan-20200.0147
 27-Jan-20200.0270
 24-Jan-20200.0312
 23-Jan-20200.0208
 22-Jan-20200.0308
 21-Jan-20200.0235
 20-Jan-20200.0404
 17-Jan-20200.0156
 16-Jan-20200.0273
Dividend Weekly17-Feb-20200.1395

 10-Feb-20200.2458
 03-Feb-20200.1009
 27-Jan-20200.1331
 20-Jan-20200.0932
 13-Jan-20200.1008
 06-Jan-20200.1455
 30-Dec-20190.0733
 23-Dec-20190.1578
 16-Dec-20190.0233
 02-Dec-20190.1367
 25-Nov-20190.1077
 18-Nov-20190.1682
 11-Nov-20190.0309
 04-Nov-20190.1843
 29-Oct-20190.1311
 22-Oct-20190.2045
 14-Oct-20190.1330
 07-Oct-20190.1779
 30-Sep-20190.0859
 16-Sep-20190.1279
 09-Sep-20190.1164
 03-Sep-20190.1500
 26-Aug-20190.1639
 19-Aug-20190.0598
Dividend Fortnightly14-Feb-20200.3983

 30-Jan-20200.2312
 15-Jan-20200.2459
 30-Dec-20190.2215
 16-Dec-20190.0874
 28-Nov-20190.2250
 15-Nov-20190.3118
 29-Oct-20190.2858
 15-Oct-20190.4020
 27-Sep-20190.0148
 16-Sep-20190.3241
 29-Aug-20190.2636
 16-Aug-20190.2611
 30-Jul-20190.2257
 15-Jul-20190.5221
 27-Jun-20190.1586
 14-Jun-20190.2255
 30-May-20190.4111
 15-May-20190.2483
 30-Apr-20190.1305
 15-Apr-20190.3088
 28-Mar-20190.2283
 15-Mar-20190.3929
 27-Feb-20190.1287
 15-Feb-20190.2367
Dividend Monthly30-Jan-20200.4793

 30-Dec-20190.3102
 28-Nov-20190.5396
 29-Oct-20190.6914
 27-Sep-20190.3401
 29-Aug-20190.5274
 30-Jul-20190.7513
 27-Jun-20190.3859
 30-May-20190.6628
 30-Apr-20190.4785
 27-Mar-20190.5867
 27-Feb-20190.3670
 30-Jan-20190.5582
 28-Dec-20180.5239
 29-Nov-20180.5688
 29-Oct-20180.5091
 27-Sep-20180.2505
 27-Aug-20180.4598
 27-Jul-20180.5082
 27-Jun-20180.4540
 30-May-20180.3142
 26-Apr-20180.3560
 23-Mar-20180.4950
 23-Feb-20180.3151
 30-Jan-20180.3492
Dividend Quarterly26-Dec-20191.4313

 27-Sep-20191.6977
 27-Jun-20191.5186
 28-Mar-20191.4403
 28-Dec-20181.5221
 27-Sep-20181.1990
 27-Jun-20180.9431
 27-Mar-20181.1602
 27-Dec-20170.9527
 27-Sep-20171.2681
 30-Jun-20171.3243
 31-Mar-20171.2999
 29-Dec-20161.4069
 29-Sep-20161.6796
 29-Jun-20161.6398
 29-Mar-20161.3913
 29-Dec-20151.3961
 28-Sep-20151.4322
 26-Jun-20151.5615
 26-Mar-20151.4682
 26-Dec-20141.4660
 30-Sep-20141.5631
 30-Jun-20141.7449
 28-Mar-20141.5550
 31-Dec-20132.9890
Dividend Others24-Sep-20142.4030

Contact Information

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: 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

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