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ICICI Prudential Floating Interest Fund - Direct Plan

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Debt: Floater

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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 1.54 0.02 0.10 1.04 2.30 4.95 9.75 8.13 8.70 9.01 --
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 4.15 4.15 4.46 4.78 --
Debt: Floater 1.45 0.03 0.11 1.05 2.12 4.21 9.26 7.82 8.20 8.51 --
Rank within category 3 4 4 3 3 1 2 1 1 1 --
Number of funds in category 7 7 7 7 7 7 6 5 5 5 0

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.52 (09-Nov-2016 - 16-Nov-2016) -0.34 (01-Dec-2016 - 08-Dec-2016)
Month 1.36 (30-Aug-2013 - 01-Oct-2013) -0.18 (17-Apr-2018 - 17-May-2018)
Quarter 2.97 (29-Aug-2013 - 28-Nov-2013) 1.02 (06-Nov-2017 - 05-Feb-2018)
Year 10.65 (26-Feb-2016 - 27-Feb-2017) 6.25 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.73 0.82 2.51 4.04 1.69 4.78
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Floater 7.37 0.84 2.43 4.54 1.88 4.73
Rank within category 1 3 2 3 2 3
Number of funds in category 5 5 5 5 5 5

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 95 115 57 82
Modified Duration (yrs) 0.98 1.06 0.52 1.16
Average Maturity (yrs) 1.20 1.31 0.66 1.51
Yield to Maturity (%) 7.75 9.37 7.72 6.88

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bahadur Chand Investments 17/06/2020 Debenture AA 4.53 - 10.77 4.53
equal 8.25% Bharti Airtel 20/04/2020 Non Convertible Debenture AA 4.30 - 5.72 4.30
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 4.46 3.98
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 3.63 3.18
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA 3.07 - 4.06 3.07
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 3.84 2.80
equal 7.45% United Spirits 28/12/2020 Debenture AA+ 2.21 - 2.92 2.21
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 2.14 2.11
equal 9.14% Zydus Wellness 16/01/2023 Debenture AA+ 1.59 - 2.57 1.97
equal Geetanjali Trading &Invest. Co 29/06/2020 Zero Coupon Bonds AAA 1.93 - 2.39 1.93
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 2.15 1.87
equal Muthoot Finance 2021 Non Convertible Debenture AA 0.00 - 2.11 1.86
equal 9.14% Zydus Wellness 14/01/2022 Debenture AA+ 1.45 - 2.33 1.78
new Axis Bank 23/09/2020 Certificate of Deposit A1+ 0.00 - 1.78 1.78
equal 9.14% Zydus Wellness 16/01/2024 Debenture AA+ 1.59 - 2.24 1.73
equal Adarsh Advisory Services Pvt. 2021 Zero Coupon Bonds A 1.68 - 2.06 1.68
equal KKR India Financial Services 2020 Structured Obligation AA 0.00 - 1.72 1.61
equal 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 3.31 1.57
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 1.65 1.53
equal KKR India Financial Services 2020 Debenture AA 0.00 - 1.53 1.44
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 0.00 - 1.26 1.26
equal Alembic Pharmaceuticals 26/11/2021 Non Convertible Debenture AA+ 1.25 - 1.67 1.25
equal 8.84% Tata Power 21/11/2022 Non Convertible Debenture AA 0.00 - 1.27 1.25
equal Samvardhana Motherson international 15/03/2020 Zero Coupon Bonds AA 1.24 - 1.54 1.24
equal 9.45% Vedanta 17/08/2020 Debenture AA 1.24 - 1.66 1.24

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-Jan-2020

Fund Manager

— Nikhil Kabra since 03-Aug-2016

Education: Mr. Kabra is a B.Com and Chartered Accountant.

Experience: Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.

Funds Managed:

— 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:

Invest Now
0.02%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 315.6370

Dividend Weekly: ₹ 101.2619

More

Dividend Quarterly: ₹ 106.3349

Dividend Others: ₹ 155.4160

Dividend Monthly: ₹ 102.1058

Dividend Fortnightly: ₹ 101.3352

Dividend Daily: ₹ 100.9744

Investment Strategy

The scheme seeks to generate income through investing predominantly in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity.

Investment Details

Minimum Investment (₹) 500
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: 9.00%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 8,126 Cr (As on 31-Jan-2020)
Expense: 0.56% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily20-Feb-20200.0397

 17-Feb-20200.0443
 14-Feb-20200.0151
 13-Feb-20200.0392
 12-Feb-20200.0187
 11-Feb-20200.0140
 10-Feb-20200.0429
 07-Feb-20200.0203
 06-Feb-20200.0228
 05-Feb-20200.0147
 04-Feb-20200.0149
 03-Feb-20200.0426
 31-Jan-20200.0017
 30-Jan-20200.0125
 29-Jan-20200.0134
 28-Jan-20200.0153
 27-Jan-20200.0431
 24-Jan-20200.0022
 23-Jan-20200.0137
 22-Jan-20200.0168
 21-Jan-20200.0129
 20-Jan-20200.0515
 17-Jan-20200.0088
 16-Jan-20200.0151
 15-Jan-20200.0277
Dividend Weekly17-Feb-20200.1363

 10-Feb-20200.2985
 03-Feb-20200.1471
 27-Jan-20200.1599
 20-Jan-20200.0942
 13-Jan-20200.1278
 06-Jan-20200.1555
 30-Dec-20190.0831
 23-Dec-20190.1804
 16-Dec-20190.0307
 02-Dec-20190.1520
 25-Nov-20190.1150
 18-Nov-20190.2217
 11-Nov-20190.0314
 04-Nov-20190.2037
 29-Oct-20190.1431
 22-Oct-20190.2311
 14-Oct-20190.1562
 07-Oct-20190.1825
 30-Sep-20190.0874
 16-Sep-20190.1209
 09-Sep-20190.1289
 03-Sep-20190.1763
 26-Aug-20190.1762
 19-Aug-20190.0578
Dividend Fortnightly14-Feb-20200.4996

 30-Jan-20200.2867
 15-Jan-20200.2920
 30-Dec-20190.2639
 16-Dec-20190.1088
 28-Nov-20190.2487
 15-Nov-20190.3978
 29-Oct-20190.3007
 15-Oct-20190.4940
 27-Sep-20190.0068
 16-Sep-20190.3678
 29-Aug-20190.2886
 16-Aug-20190.2467
 30-Jul-20190.2169
 15-Jul-20190.5269
 27-Jun-20190.1637
 14-Jun-20190.2080
 30-May-20190.3607
 15-May-20190.2547
 30-Apr-20190.1292
 15-Apr-20190.3691
 28-Mar-20190.2353
 15-Mar-20190.4206
 27-Feb-20190.1041
 15-Feb-20190.2027
Dividend Monthly30-Jan-20200.5803

 30-Dec-20190.3734
 28-Nov-20190.6487
 29-Oct-20190.7972
 27-Sep-20190.3751
 29-Aug-20190.5369
 30-Jul-20190.7454
 27-Jun-20190.3726
 30-May-20190.6172
 30-Apr-20190.4998
 28-Mar-20190.6577
 27-Feb-20190.3074
 30-Jan-20190.6093
 28-Dec-20180.7057
 22-Nov-20180.4513
 24-Oct-20180.4625
 24-Sep-20180.2245
 24-Aug-20180.4743
 27-Jul-20180.5245
 27-Jun-20180.4422
 30-May-20180.2961
 26-Apr-20180.3419
 23-Mar-20180.5295
 23-Feb-20180.3745
 30-Jan-20180.3763
Dividend Quarterly26-Dec-20191.7110

 27-Sep-20191.7391
 27-Jun-20191.5121
 28-Mar-20191.4848
 28-Dec-20181.4805
 27-Sep-20181.3073
 27-Jun-20180.8749
 27-Mar-20181.2878
 27-Dec-20170.9415
 27-Sep-20171.3340
 30-Jun-20171.4205
 31-Mar-20171.5750
 29-Dec-20161.4706
 29-Sep-20161.8903
 29-Jun-20161.6884
 29-Mar-20161.5534
 29-Dec-20151.5138
 28-Sep-20151.4898
 25-Jun-20151.5476
 26-Mar-20151.5480
 26-Dec-20141.5983
 30-Sep-20141.1689
 30-Jun-20141.8410
 28-Mar-20141.4322
 31-Dec-20131.0462

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: 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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