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4 star

ICICI Prudential Savings Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 0.14 0.01 0.02 0.25 1.58 3.18 8.19 8.24 8.21 8.48 --
CCIL T Bill Liquidity Weight 0.08 -0.01 0.04 0.10 0.46 1.07 2.95 3.78 4.00 4.42 --
Debt: Low Duration 0.11 0.02 0.06 0.21 1.12 2.55 6.39 5.49 6.43 7.00 --
Rank within category 5 25 25 5 3 3 3 3 3 2 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 25-Jan-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 8.19 8.24 8.21 0.44 29,895
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.44 8.13 8.16 0.44 25,421
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.00 8.45 8.38 0.40 19,972
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.93 7.79 7.69 0.40 16,320
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 8.12 8.52 8.65 0.37 11,678

Best & Worst Performance

Best (Period) Worst (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) 6.28 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.04 1.07 3.05 5.89 0.26 3.53
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Low Duration 5.65 4.37 1.61 3.10 -0.68 0.22
Rank within category 3 8 6 8 10 11
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-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 175 191 158 60
Modified Duration (yrs) 0.70 1.06 0.70 0.76
Average Maturity (yrs) 2.06 2.24 0.99 0.89
Yield to Maturity (%) 4.30 7.23 4.30 4.11
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 0.00 - 8.48 7.63
equal Reserve Bank of India 13/05/2021 Treasury Bills SOV 0.00 - 7.24 7.24
up 6.51% GOI 2024 GOI Securities SOV 0.00 - 6.28 6.28
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 4.72 4.27
equal Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 6.17 3.74
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 3.40 - 5.59 3.41
new 7.94% GOI 24/05/2021 Central Government Loan SOV 0.00 - 2.55 2.55
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 1.34 - 2.61 1.67
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 2.76 1.66
down 7.73% State Bank of India Debenture AA+ 0.00 - 2.16 1.66
down 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 3.05 1.66
equal 7.59% GOI 2026 GOI Securities SOV 1.16 - 1.97 1.33
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 2.05 1.26
equal Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 1.85 1.25
down Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 1.15 1.14
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 1.11 - 2.44 1.11
up 8.75% Axis Bank Bonds/Debentures AA+ 0.34 - 1.31 1.09
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 1.64 1.00
equal Adani Ports and Special Economic Zone 22/03/2021 Commercial Paper A1+ 0.00 - 1.00 1.00
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.50 0.97
equal National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.91 - 1.61 0.92
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 0.88 0.88
equal Adani Ports and Special Economic Zone 232-D 17/03/2021 Commercial Paper A1+ 0.00 - 1.24 0.83
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA- 0.00 - 1.04 0.83
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.22 0.80

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-Dec-2020

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

Funds Managed:


0.01%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 418.5068

Dividend Weekly: ₹ 105.4684

More

Dividend Quarterly: ₹ 105.0984

Dividend Others: ₹ 167.4884

Dividend Monthly: ₹ 101.7859

Dividend Fortnightly: ₹ 101.6307

Dividend Daily: ₹ 105.7026


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 (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.63%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 29,895 Cr (As on 31-Dec-2020)
Expense: 0.44% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly15-Jan-20210.1732

 30-Dec-20200.3278
 15-Dec-20200.3058
 27-Nov-20200.3775
 17-Nov-20200.3609
 29-Oct-20200.1946
 15-Oct-20200.5443
 30-Sep-20200.2762
 15-Sep-20200.3173
 28-Aug-20200.0357
 14-Aug-20200.2334
 30-Jul-20200.0521
 15-Jul-20200.6854
 30-Jun-20200.9449
 15-Jun-20200.2949
 29-May-20200.8913
 15-May-20200.7809
 30-Apr-20200.2169
 30-Mar-20200.0648
 27-Feb-20200.1122
 14-Feb-20200.4028
 30-Jan-20200.2350
 15-Jan-20200.2500
 30-Dec-20190.2250
 16-Dec-20190.0911
Dividend Weekly11-Jan-20210.0594

 04-Jan-20210.1760
 28-Dec-20200.1568
 21-Dec-20200.1462
 14-Dec-20200.0933
 07-Dec-20200.1804
 01-Dec-20200.2243
 23-Nov-20200.1994
 17-Nov-20200.1644
 09-Nov-20200.1604
 02-Nov-20200.0605
 26-Oct-20200.1577
 19-Oct-20200.1594
 12-Oct-20200.3207
 05-Oct-20200.1871
 28-Sep-20200.0957
 21-Sep-20200.0801
 07-Sep-20200.2207
 31-Aug-20200.1487
 17-Aug-20200.1146
 10-Aug-20200.1018
 03-Aug-20200.1061
 27-Jul-20200.0147
 20-Jul-20200.1789
 13-Jul-20200.3873
Dividend Daily08-Jan-20210.0109

 07-Jan-20210.0205
 06-Jan-20210.0114
 05-Jan-20210.0389
 04-Jan-20210.0437
 01-Jan-20210.0587
 31-Dec-20200.0256
 30-Dec-20200.0214
 29-Dec-20200.0268
 28-Dec-20200.0408
 24-Dec-20200.0342
 23-Dec-20200.0531
 22-Dec-20200.0289
 21-Dec-20200.0488
 18-Dec-20200.0709
 17-Dec-20200.0044
 16-Dec-20200.0113
 15-Dec-20200.0112
 14-Dec-20200.0239
 10-Dec-20200.0193
 09-Dec-20200.0434
 08-Dec-20200.0069
 07-Dec-20200.0613
 04-Dec-20200.1014
 03-Dec-20200.0180
Dividend Monthly30-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
 29-Oct-20190.6957
 27-Sep-20190.3446
 29-Aug-20190.5317
 30-Jul-20190.7557
 27-Jun-20190.3901
 30-May-20190.6702
 30-Apr-20190.4877
 27-Mar-20190.5938
 27-Feb-20190.3746
 30-Jan-20190.5669
 28-Dec-20180.5316
Dividend Quarterly28-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
 26-Jun-20151.5802
 26-Mar-20151.4866
 26-Dec-20141.4834
Dividend Others24-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

Upcoming Video

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Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM