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4 star

ICICI Prudential Savings Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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(₹)
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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 3.93 0.03 0.10 0.26 0.81 2.37 4.39 7.33 7.29 7.81 --
CCIL T Bill Liquidity Weight 1.90 0.01 0.04 0.19 0.44 1.07 2.02 3.20 3.54 3.99 --
Debt: Low Duration 4.37 0.03 0.09 0.32 1.35 2.52 4.72 4.97 5.82 6.60 --
Rank within category 10 13 6 21 11 3 7 4 3 2 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 08-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.39 7.33 7.29 0.40% 29,810
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.60 7.36 7.23 0.44% 21,653
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.40 7.48 7.51 0.40% 17,431
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.37 7.49 7.67 0.41% 10,083
Nippon India Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.92 6.85 7.01 0.33% 9,433

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.72 24-Mar-2020 - 31-Mar-2020 -1.12 12-Mar-2020 - 19-Mar-2020
Month 2.26 24-Mar-2020 - 23-Apr-2020 -1.45 25-Feb-2020 - 26-Mar-2020
Quarter 4.54 26-Mar-2020 - 25-Jun-2020 -0.07 24-Dec-2019 - 24-Mar-2020
Year 10.54 24-Jul-2013 - 24-Jul-2014 4.46 03-Dec-2020 - 03-Dec-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.16 1.17 2.87 6.56 0.85 3.89
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Low Duration 5.11 4.37 1.60 3.37 -0.78 0.85
Rank within category 4 9 6 7 14 5
Number of funds in category 24 24 24 24 24 24

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 158 167 126 64
Modified Duration (yrs) 0.87 1.13 0.55 --
Average Maturity (yrs) 4.11 4.58 2.06 --
Yield to Maturity (%) 4.59 5.01 4.30 --
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
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 7.63 - 24.06 23.67
down 6.51% GOI 2024 GOI Securities SOV 4.94 - 7.65 6.22
equal GOI 2028 GOI Securities SOV 0.00 - 3.38 3.38
equal 7.99% State Bank of India Additional Tier 2 Bond AAA 2.73 - 3.99 3.23
equal Panatone Finvest 277-D 11/02/2022 Commercial Paper A1+ 0.00 - 3.11 3.00
up 6.10% GOI 2031 GOI Securities SOV 0.00 - 2.89 2.89
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 2.79 2.68
equal Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 3.67 2.58
equal HSBC 30/10/2023 Interest Rate Swap -- 0.00 - 1.68 1.68
equal National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 1.73 1.67
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 1.38 - 2.05 1.63
equal 6.79% GOI 15/05/2027 GOI Securities SOV 1.30 - 1.92 1.55
equal 8.75% Axis Bank Additional Tier 1 Bond AA+ 0.19 - 1.51 1.42
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 1.42 1.34
down Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 1.74 1.34
equal IDFC First Bank 2023 Interest Rate Swap -- 0.00 - 1.22 1.22
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 1.04 - 1.56 1.22
equal LIC Housing Fin. 196-D 07/02/2022 Commercial Paper A1+ 0.00 - 1.21 1.17
equal 5.93% Rajasthan State 2025 State Development Loan SOV 0.00 - 1.23 1.00
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.81 - 1.19 0.95
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 1.15 0.92
equal GOI 2031 GOI Securities SOV 0.11 - 0.97 0.78
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.63 - 0.94 0.76
equal 9.06% Cholamandalam Investment & Finance Company 2023 Non Convertible Debenture AA+ 0.00 - 0.74 0.70
equal 8.85% HDFC Bank Additional Tier 1 Bond AA+ 0.52 - 0.87 0.70

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-Nov-2021

*As on 31-Oct-2021

Fund Manager

— Rahul Goswami since 01-Jan-2013

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 joining ICICI Prudential Mutual Fund, he has worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.

Funds Managed:


0.03%

Change from previous, NAV as on 08-Dec-2021

Growth: ₹ 434.3490

IDCW Weekly: ₹ 105.5133

More

IDCW Quarterly: ₹ 106.1356

IDCW Others: ₹ 159.2771

IDCW Monthly: ₹ 101.6980

IDCW Fortnightly: ₹ 101.7161

IDCW 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 (₹) 1
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.21%
Benchmark: NIFTY Low Duration Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 29,810 Cr (As on 30-Nov-2021)
Expense: 0.40% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily08-Dec-20210.0321

 07-Dec-20210.0020
 06-Dec-20210.0135
 25-Nov-20210.0063
 24-Nov-20210.0155
 23-Nov-20210.0026
 22-Nov-20210.0364
 18-Nov-20210.0179
 17-Nov-20210.0196
 16-Nov-20210.0086
 15-Nov-20210.0308
 11-Nov-20210.0647
 09-Nov-20210.0024
 25-Oct-20210.0089
 22-Oct-20210.0130
 21-Oct-20210.0172
 20-Oct-20210.0100
 13-Oct-20210.0206
 12-Oct-20210.0382
 11-Oct-20210.0551
 08-Oct-20210.0342
 07-Oct-20210.0183
 04-Oct-20210.0304
 01-Oct-20210.0308
 30-Sep-20210.0445
IDCW Weekly06-Dec-20210.0378

 22-Nov-20210.0823
 15-Nov-20210.0976
 25-Oct-20210.0733
 18-Oct-20210.0344
 11-Oct-20210.1073
 04-Oct-20210.1720
 27-Sep-20210.0388
 20-Sep-20210.1117
 13-Sep-20210.0719
 06-Sep-20210.0954
 30-Aug-20210.1808
 23-Aug-20210.1252
 17-Aug-20210.1797
 09-Aug-20210.1598
 02-Aug-20210.1425
 26-Jul-20210.1213
 19-Jul-20210.1633
 12-Jul-20210.0632
 05-Jul-20210.0540
 28-Jun-20210.1669
 21-Jun-20210.0437
 14-Jun-20210.1258
 07-Jun-20210.1898
 31-May-20210.0581
IDCW Fortnightly30-Nov-20210.0664

 15-Nov-20210.1768
 29-Oct-20210.0389
 14-Oct-20210.1445
 30-Sep-20210.2232
 15-Sep-20210.1901
 30-Aug-20210.3681
 13-Aug-20210.3205
 30-Jul-20210.2948
 15-Jul-20210.1890
 30-Jun-20210.2025
 15-Jun-20210.2744
 28-May-20210.2743
 14-May-20210.2115
 30-Apr-20210.3202
 15-Apr-20210.0610
 30-Mar-20210.1388
 26-Feb-20210.0625
 15-Feb-20210.0872
 29-Jan-20210.0508
 15-Jan-20210.1732
 30-Dec-20200.3278
 15-Dec-20200.3058
 27-Nov-20200.3775
 17-Nov-20200.3609
IDCW Monthly30-Nov-20210.2432

 29-Oct-20210.1835
 30-Sep-20210.3943
 31-Aug-20210.7091
 30-Jul-20210.4843
 30-Jun-20210.4825
 31-May-20210.4814
 30-Apr-20210.4374
 31-Mar-20210.0830
 26-Feb-20210.1497
 29-Jan-20210.2241
 30-Dec-20200.6344
 27-Nov-20200.7397
 29-Oct-20200.7398
 30-Sep-20200.5943
 28-Aug-20200.2973
 30-Jul-20200.6540
 30-Jun-20200.9396
 29-May-20201.6726
 30-Apr-20200.2161
 30-Mar-20200.0644
 27-Feb-20200.5137
 30-Jan-20200.4839
 30-Dec-20190.3153
 28-Nov-20190.5438
IDCW Quarterly23-Sep-20211.4728

 24-Jun-20211.2091
 25-Mar-20210.2174
 28-Dec-20202.1537
 21-Sep-20201.7019
 26-Jun-20204.4025
 26-Mar-20200.1044
 26-Dec-20191.4488
 27-Sep-20191.7157
 27-Jun-20191.5440
 28-Mar-20191.4678
 28-Dec-20181.5503
 27-Sep-20181.2266
 27-Jun-20180.9707
 27-Mar-20181.1847
 27-Dec-20170.9763
 27-Sep-20171.2917
 30-Jun-20171.3482
 31-Mar-20171.3239
 29-Dec-20161.4309
 29-Sep-20161.7041
 29-Jun-20161.6611
 29-Mar-20161.4116
 29-Dec-20151.4149
 28-Sep-20151.4514
IDCW Others24-Mar-202114.0643

 24-Sep-20145.3862

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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