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ICICI Prudential Savings Fund - Direct Plan


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 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 5.64 -0.01 0.12 0.68 3.48 4.64 9.03 8.08 8.35 8.79 --
CCIL T Bill Liquidity Weight 2.20 0.01 0.05 0.18 0.64 1.81 3.71 4.06 4.27 4.78 --
Debt: Low Duration 4.54 -0.01 0.11 1.50 4.00 3.57 6.88 5.62 6.63 7.39 --
Rank within category 5 11 9 5 7 7 6 5 3 2 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 06-Aug-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 - Direct Plan  | Invest Now
4 star
Jan-13 9.03 8.08 8.35 0.41 18,689
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.32 8.46 8.60 0.41 11,158
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.54 7.96 7.98 0.40 8,548
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 9.85 8.63 8.96 0.34 5,969
Axis Treasury Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.71 8.32 8.32 0.30 4,955

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 7.85 1.09 2.42 4.95 0.07 2.71
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Low Duration 5.71 4.36 1.39 2.80 -1.00 -0.70
Rank within category 5 9 8 8 8 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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 171 191 131 44
Modified Duration (yrs) 0.87 0.95 0.71 --
Average Maturity (yrs) 1.06 1.17 0.94 --
Yield to Maturity (%) 5.28 7.28 5.28 --

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 5.85
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 4.31 - 5.59 5.40
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 2.76 2.61
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 1.01 - 2.61 2.59
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 2.02 - 2.62 2.52
down 7.80% GOI 2021 Central Government Loan SOV 0.00 - 3.75 2.00
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 1.85
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.35 - 1.89 1.83
down 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.44 1.78
equal 7.91% Tata Capital Housing Finance 2021 Non Convertible Debenture AAA 0.00 - 1.73 1.63
equal Indusind Bank 26/08/2020 Certificate of Deposit A1+ 0.00 - 1.69 1.59
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 1.64 1.56
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 1.87 1.53
new 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.50 1.50
equal National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.00 - 1.61 1.44
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 1.43 1.36
new 8.15% National Bank Agr. Rur. Devp 22/08/2022 Debenture AAA 0.00 - 1.35 1.35
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA 1.11 - 1.40 1.27
equal 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 1.30 1.22
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.00 - 1.28 1.21
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.89 - 1.16 1.12
equal 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 1.18 1.12
equal 8.36% Madhya Pradesh State 16/03/2021 State Development Loan SOV 0.00 - 1.13 1.10
up 8.75% Axis Bank Bonds/Debentures AA+ 0.34 - 1.10 1.10

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-Jun-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 06-Aug-2020

Growth: ₹ 406.1444

Dividend Weekly: ₹ 105.5096

More

Dividend Quarterly: ₹ 105.7790

Dividend Others: ₹ 162.5409

Dividend Monthly: ₹ 101.7343

Dividend Fortnightly: ₹ 101.7242

Dividend Daily: ₹ 105.7262


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: 8.76%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 18,689 Cr (As on 30-Jun-2020)
Expense: 0.41% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily05-Aug-20200.0159

 04-Aug-20200.0240
 03-Aug-20200.0349
 31-Jul-20200.0576
 30-Jul-20200.0139
 27-Jul-20200.0005
 24-Jul-20200.0058
 23-Jul-20200.0076
 21-Jul-20200.0009
 20-Jul-20200.0533
 17-Jul-20200.0031
 16-Jul-20200.0307
 15-Jul-20200.0921
 13-Jul-20200.0538
 10-Jul-20200.1188
 09-Jul-20200.0482
 08-Jul-20200.0462
 07-Jul-20200.1202
 06-Jul-20200.0949
 03-Jul-20200.0880
 02-Jul-20200.0796
 01-Jul-20200.0597
 30-Jun-20200.0698
 29-Jun-20200.0871
 26-Jun-20200.0671
Dividend Weekly03-Aug-20200.1061

 27-Jul-20200.0147
 20-Jul-20200.1789
 13-Jul-20200.3873
 06-Jul-20200.3918
 29-Jun-20200.3681
 22-Jun-20200.5425
 15-Jun-20200.1809
 08-Jun-20200.0958
 01-Jun-20200.0244
 26-May-20200.7851
 18-May-20200.4574
 11-May-20200.3312
 04-May-20200.0183
 20-Apr-20200.3470
 07-Apr-20200.0286
 30-Mar-20200.0124
 09-Mar-20200.0730
 24-Feb-20200.0520
 17-Feb-20200.1409
 10-Feb-20200.2472
 03-Feb-20200.1023
 27-Jan-20200.1345
 20-Jan-20200.0946
 13-Jan-20200.1022
Dividend Fortnightly30-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
 28-Nov-20190.2283
 15-Nov-20190.3163
 29-Oct-20190.2896
 15-Oct-20190.4071
 27-Sep-20190.0168
 16-Sep-20190.3289
 29-Aug-20190.2672
 16-Aug-20190.2654
 30-Jul-20190.2294
 15-Jul-20190.5278
 27-Jun-20190.1616
Dividend Monthly30-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
 29-Nov-20180.5769
 29-Oct-20180.5176
 27-Sep-20180.2592
 27-Aug-20180.4681
 27-Jul-20180.5163
Dividend Quarterly26-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
 30-Sep-20141.5830
 30-Jun-20141.7607
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

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