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Fund name
|
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
---|---|---|---|---|---|---|
ICICI Prudential Savings Fund
|
Moderate
|
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0.53 |
|||
Low to Moderate
|
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0.97 |
||||
Low to Moderate
|
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0.66 |
||||
Moderate
|
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0.46 |
||||
Low to Moderate
|
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0.59 |
₹22,337 Cr
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100
100
100
6
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.
Suitability
"Low Duration debt funds invest in bonds maturing in six months to a year. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund."
Capital Gains Taxation
Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.
Dividend Taxation
ICICI Prudential Savings Fund is mandated to invest in bonds such that the duration of the portfolio is between six to twelve months, and therefore it is suitable to invest in for a similar time frame.
Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Savings Fund fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of ICICI Prudential Savings Fund is ₹526.6704 as of 15-Feb-2025.
The AUM of ICICI Prudential Savings Fund Fund is ₹22,337 Cr as of 31-Jan-2025
The riskometer level of ICICI Prudential Savings Fund is Moderate. See More
Company | Percentage of Portfolio |
---|---|
GOI GOI FRB 22/09/2033 |
5.91
|
HDFC Bank Ltd CD 04/12/2025 |
5.47
|
LIC Housing Finance Ltd NCD 7.82 14/01/2026 |
2.91
|
National Bank For Agriculture & Rural Development SR 23H Debenture 7.58 31/07/2026 |
2.70
|
GOI Sec 4.45 30/10/2034 |
2.10
|
As of 31-Jan-2025, ICICI Prudential Savings Fund had invested 96.52% in Debt and 3.48% in Cash & Cash Eq. See More
ICICI Prudential Savings Fund is 22 years 4 months old. It has delivered 7.70% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
7.95%
|
6.85%
|
6.40%
|
6.93%
|
7.31%
|
7.70%
|
No, There is no lock in period in ICICI Prudential Savings Fund.
The expense ratio of ICICI Prudential Savings Fund is 0.53.