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ICICI Prudential Savings Fund

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Debt: Low Duration

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1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

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.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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 7.14 0.02 0.10 0.80 1.63 5.52 8.41 7.99 8.12 8.47 8.73
CCIL T Bill Liquidity Weight 2.75 0.00 0.04 0.27 0.60 1.26 3.28 3.94 4.14 4.58 4.76
Debt: Low Duration 5.51 0.01 0.07 0.62 1.37 5.18 6.22 5.08 6.10 6.71 7.43
Rank within category 2 5 4 2 5 5 2 1 1 1 1
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 28-Oct-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
5 star
 Sep-02 8.41 7.99 8.12 0.55 19,922
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
 May-98 7.83 7.63 7.64 1.22 13,927
SBI Magnum Low Duration Fund  | Invest Online
5 star
 Jul-07 7.06 7.53 7.58 1.10 9,746
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
 Mar-08 8.35 7.84 8.06 1.12 8,418
Axis Treasury Advantage Fund
5 star
 Oct-09 7.63 7.83 7.72 0.61 8,146

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 7.66 1.10 2.36 5.03 0.35 3.00
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Low Duration 5.14 4.37 1.09 2.26 -0.74 -0.78
Rank within category 1 8 5 5 11 9
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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 148 191 148 53
Modified Duration (yrs) 0.92 1.06 0.71 --
Average Maturity (yrs) 1.27 1.27 0.94 --
Yield to Maturity (%) 4.97 7.23 4.97 --
Avg Credit Rating AAA -- -- --

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 5.56
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 4.31 - 5.59 5.07
new GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 4.32 4.32
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 3.05 3.04
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 2.76 2.47
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 1.34 - 2.61 2.45
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 1.97 1.96
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 2.05 1.90
new Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 1.85 1.85
down 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 1.84 - 2.62 1.84
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.44 1.68
equal 7.91% Tata Capital Housing Finance 2021 Non Convertible Debenture AAA 1.33 - 1.73 1.53
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 1.64 1.48
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.50 1.43
equal National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.00 - 1.61 1.37
equal 8.75% Axis Bank Bonds/Debentures AA+ 0.34 - 1.31 1.30
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 1.43 1.28
equal Adani Ports and Special Economic Zone 232-D 17/03/2021 Commercial Paper A1+ 0.00 - 1.24 1.23
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA 1.11 - 1.40 1.23
up 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.28 - 1.30 1.17
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.00 - 1.28 1.13
down 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.36 - 1.89 1.07
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.89 - 1.16 1.07
down 7.80% GOI 2021 Central Government Loan SOV 0.00 - 3.75 1.06
equal 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 1.18 1.05

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 30-Sep-2020

*As on 31-Aug-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
0.02%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 408.8275

Dividend Weekly: ₹ 105.4540

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Dividend Quarterly: ₹ 105.4959

Dividend Others: ₹ 163.3560

Dividend Monthly: ₹ 102.3575

Dividend Fortnightly: ₹ 101.8349

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: 8.09%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 19,922 Cr (As on 30-Sep-2020)
Expense: 0.55% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily28-Oct-20200.0180

 27-Oct-20200.0033
 26-Oct-20200.0448
 23-Oct-20200.0368
 22-Oct-20200.0008
 21-Oct-20200.0087
 20-Oct-20200.0647
 19-Oct-20200.0187
 16-Oct-20200.0133
 15-Oct-20200.0294
 14-Oct-20200.0390
 13-Oct-20200.0571
 12-Oct-20200.0513
 09-Oct-20200.1475
 08-Oct-20200.0336
 07-Oct-20200.0329
 06-Oct-20200.0534
 05-Oct-20200.0733
 01-Oct-20200.0426
 30-Sep-20200.0330
 29-Sep-20200.0362
 28-Sep-20200.0377
 25-Sep-20200.0026
 24-Sep-20200.0093
 23-Sep-20200.0212
Dividend Weekly26-Oct-20200.1554

 19-Oct-20200.1571
 12-Oct-20200.3183
 05-Oct-20200.1848
 28-Sep-20200.0935
 21-Sep-20200.0755
 07-Sep-20200.2184
 31-Aug-20200.1441
 17-Aug-20200.1123
 10-Aug-20200.0996
 03-Aug-20200.1038
 27-Jul-20200.0125
 20-Jul-20200.1765
 13-Jul-20200.3849
 06-Jul-20200.3895
 29-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
Dividend Fortnightly15-Oct-20200.5396

 30-Sep-20200.2716
 15-Sep-20200.3118
 28-Aug-20200.0314
 14-Aug-20200.2288
 30-Jul-20200.0462
 15-Jul-20200.6022
 30-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
Dividend Monthly30-Sep-20200.5841

 28-Aug-20200.2884
 30-Jul-20200.6478
 30-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
Dividend Quarterly21-Sep-20201.6743

 26-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
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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