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4 star

ICICI Prudential Savings Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.78 0.08 0.36 1.36 3.19 4.63 9.23 8.02 8.24 8.60 8.70
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 4.18 4.33 4.71 4.78
Debt: Low Duration 1.89 0.02 0.18 0.94 1.33 1.78 5.09 4.62 5.81 6.54 7.09
Rank within category 2 3 1 2 1 3 3 1 1 1 1
Number of funds in category 25 25 25 25 25 25 25 25 24 22 17

As on 03-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 9.23 8.02 8.24 0.50 18,250
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 8.47 7.73 7.82 1.04 8,727
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 8.96 7.93 7.91 0.58 4,777
IDFC Low Duration Fund - Regular Plan
4 star
Jan-06 8.70 7.76 7.99 0.48 4,144
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 9.43 7.92 8.21 1.07 4,051

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 7.68 1.08 2.20 4.49 0.22 2.65
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 4.56 3.72 0.95 1.91 0.20 -0.50
Rank within category 1 8 7 8 7 8
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 171 191 122 45
Modified Duration (yrs) 0.94 0.95 0.71 0.82
Average Maturity (yrs) 1.16 1.17 0.94 0.96
Yield to Maturity (%) 6.06 7.28 6.06 6.44

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 6.17 5.95
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 4.31 - 5.59 5.50
new 7.80% GOI 2021 Central Government Loan SOV 0.00 - 3.75 3.75
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 2.76 2.66
down 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 3.45 2.58
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 2.62 2.54
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 1.01 - 2.61 2.53
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.44 2.35
new 7.88% Karnataka State 20/11/2020 State Development Loan SOV 0.00 - 2.23 2.23
equal Larsen & Toubro 270-D 15/12/2020 Commercial Paper A1+ 0.00 - 2.23 2.14
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 2.05 2.00
equal Tata Motors 138-D 09/09/2020 Commercial Paper A1+ 0.00 - 1.97 1.88
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.35 - 1.89 1.83
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 1.87 1.79
equal 7.91% Tata Capital Housing Finance 2021 Non Convertible Debenture AAA 0.00 - 1.73 1.67
equal Indusind Bank 26/08/2020 Certificate of Deposit A1+ 0.00 - 1.69 1.62
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 1.64 1.59
equal National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.00 - 1.61 1.47
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 1.43 1.38
equal 8.14% LIC Housing Fin. 2020 Debenture AAA 1.10 - 1.42 1.36
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA 1.11 - 1.40 1.31
equal 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 1.30 1.25
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.00 - 1.28 1.23
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.89 - 1.16 1.14
equal 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 1.18 1.14

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-May-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:


0.08%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 399.8222

Dividend Weekly: ₹ 105.7283

More

Dividend Quarterly: ₹ 104.8237

Dividend Others: ₹ 159.7578

Dividend Monthly: ₹ 101.6070

Dividend Fortnightly: ₹ 101.5984

Dividend Daily: ₹ 105.7358


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: 8.11%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 18,250 Cr (As on 31-May-2020)
Expense: 0.50% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jul-20200.0877

 02-Jul-20200.0792
 01-Jul-20200.0594
 30-Jun-20200.0695
 29-Jun-20200.0864
 26-Jun-20200.0668
 25-Jun-20200.0694
 24-Jun-20200.0428
 23-Jun-20200.1008
 22-Jun-20200.1030
 19-Jun-20200.1151
 18-Jun-20200.1414
 17-Jun-20200.0875
 16-Jun-20200.0938
 15-Jun-20200.0950
 11-Jun-20200.0293
 09-Jun-20200.0550
 08-Jun-20200.0432
 05-Jun-20200.0081
 03-Jun-20200.0429
 01-Jun-20200.0200
 27-May-20200.0029
 26-May-20200.1448
 22-May-20200.2232
 21-May-20200.1702
Dividend Fortnightly30-Jun-20200.5523

 15-Jun-20200.2893
 29-May-20200.8836
 15-May-20200.7735
 30-Apr-20200.2082
 30-Mar-20200.0589
 27-Feb-20200.1093
 14-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
Dividend Monthly30-Jun-20201.1483

 29-May-20201.6689
 30-Apr-20200.2088
 30-Mar-20200.0588
 27-Feb-20200.5098
 30-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
Dividend Weekly29-Jun-20200.3661

 22-Jun-20200.5405
 15-Jun-20200.1789
 08-Jun-20200.0940
 01-Jun-20200.0229
 26-May-20200.7827
 18-May-20200.4553
 11-May-20200.3292
 04-May-20200.0146
 20-Apr-20200.3436
 07-Apr-20200.0264
 30-Mar-20200.0084
 09-Mar-20200.0704
 24-Feb-20200.0507
 17-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
Dividend Quarterly26-Jun-20204.3735

 26-Mar-20200.0888
 26-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
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: 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

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