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Unrated

ICICI Prudential Floating Interest Fund - Direct Plan

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Debt: Floater

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1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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
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 0.51 -0.01 0.05 0.47 0.25 2.49 9.25 8.29 8.36 8.72 --
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 3.65 3.86 4.33 --
Debt: Floater 0.60 0.00 0.01 0.73 0.57 2.17 8.32 7.93 7.85 8.21 --
Rank within category 6 5 3 8 6 2 3 2 1 1 --
Number of funds in category 8 10 10 9 8 7 7 5 5 5 0

As on 16-Apr-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Floating Interest Fund - Direct Plan  | Invest Now
Unrated
 Jan-13 9.25 8.29 8.36 0.68 13,125
HDFC Floating Rate Debt Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 8.68 7.99 7.90 0.23 16,559
Aditya Birla Sun Life Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 7.57 7.88 7.98 0.22 14,250
Nippon India Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 9.74 8.52 8.15 0.24 13,114
Kotak Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 May-19 9.81 -- -- 0.22 4,049

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.86 24-Mar-2020 - 31-Mar-2020 -1.20 12-Mar-2020 - 19-Mar-2020
Month 2.23 12-Jun-2020 - 13-Jul-2020 -1.70 25-Feb-2020 - 26-Mar-2020
Quarter 4.70 26-Mar-2020 - 25-Jun-2020 -0.02 26-Dec-2019 - 26-Mar-2020
Year 10.99 24-Mar-2020 - 25-Mar-2021 6.25 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.09 1.44 2.52 4.11 -0.02 3.61
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Floater 7.72 1.27 2.67 3.96 0.69 3.85
Rank within category 2 4 4 3 1 4
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-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 143 143 86 93
Modified Duration (yrs) 0.54 1.51 0.54 --
Average Maturity (yrs) 3.32 3.49 1.40 --
Yield to Maturity (%) 5.00 8.48 5.00 --
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 - 30.06 30.06
equal 6.51% GOI 2024 GOI Securities SOV 0.00 - 5.74 4.97
down 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 7.18 4.61
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.61 - 5.74 2.77
equal 6.65% Motherson Sumi Systems 14/09/2023 Non Convertible Debenture AAA 0.00 - 3.05 2.31
equal 7.99% State Bank of India Additional Tier 2 Bond AAA 1.90 - 4.68 1.99
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA+ 0.00 - 1.96 1.96
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA- 0.00 - 2.24 1.91
equal SRF 16/09/2022 Non Convertible Debenture AA+ 0.00 - 2.54 1.90
down GOI 2031 GOI Securities SOV 0.00 - 1.79 1.78
down National Bank Agr. Rur. Devp 180-D 30/06/2021 Commercial Paper A1+ 0.00 - 1.85 1.51
new 5.93% Rajasthan State 2025 State Development Loan SOV 0.00 - 1.49 1.49
new 6.58% Gujarat State 31/03/2027 State Development Loan SOV 0.00 - 1.30 1.30
equal 6.43% Godrej Industries 26/04/2024 Non Convertible Debenture AA 0.00 - 1.50 1.24
new 6.18% Gujarat State 31/03/2026 State Development Loan SOV 0.00 - 1.20 1.20
equal 7.27% GOI 2026 GOI Securities SOV 0.48 - 2.07 1.19
equal Muthoot Finance 2021 Non Convertible Debenture AA+ 0.00 - 1.17 1.17
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 1.96 1.15
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 1.14 1.14
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.13 1.13
equal 10.99% Union Bank of India Additional Tier 1 Bond AA- 0.00 - 1.09 1.09
new Tata Teleservices 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.08 1.08
equal 8.76% TMF Holdings Non Convertible Debenture AA- 0.42 - 0.90 1.07
down 7.73% State Bank of India Additional Tier 1 Bond AA+ 0.00 - 1.76 0.99
equal 7.85% Oberoi Realty 2025 Floating Rate Debenture AA+ 0.00 - 1.31 0.96

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-Mar-2021

*As on 28-Feb-2021

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
-0.01%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 344.5561

IDCW Weekly: ₹ 101.8563

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IDCW Quarterly: ₹ 105.6259

IDCW Others: ₹ 153.3534

IDCW Monthly: ₹ 101.8519

IDCW Fortnightly: ₹ 101.8569

IDCW Daily: ₹ 100.6644

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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.85%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 13,125 Cr (As on 31-Mar-2021)
Expense: 0.68% (As on 28-Feb-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily15-Apr-20210.0230

 12-Apr-20210.0595
 08-Apr-20210.0163
 07-Apr-20210.0186
 06-Apr-20210.0256
 05-Apr-20210.0692
 30-Mar-20210.0501
 25-Mar-20210.0108
 24-Mar-20210.0121
 23-Mar-20210.0625
 22-Mar-20210.0425
 19-Mar-20210.0207
 17-Mar-20210.0129
 16-Mar-20210.0461
 09-Mar-20210.0029
 08-Mar-20210.0048
 04-Mar-20210.0137
 03-Mar-20210.0141
 02-Mar-20210.0083
 01-Mar-20210.0474
 26-Feb-20210.0182
 25-Feb-20210.0141
 24-Feb-20210.0388
 22-Feb-20210.0973
 16-Feb-20210.0156
IDCW Fortnightly30-Mar-20210.0823

 26-Feb-20210.0303
 15-Feb-20210.1025
 29-Jan-20210.0690
 15-Jan-20210.2883
 30-Dec-20200.4604
 15-Dec-20200.3845
 27-Nov-20200.4808
 17-Nov-20200.4266
 29-Oct-20200.1934
 15-Oct-20200.7607
 30-Sep-20200.3662
 15-Sep-20200.3865
 28-Aug-20200.2069
 14-Aug-20200.2845
 30-Jul-20200.1551
 15-Jul-20200.5607
 30-Jun-20201.0377
 15-Jun-20200.2848
 29-May-20201.0068
 15-May-20200.6667
 30-Mar-20200.0094
 27-Feb-20200.1220
 14-Feb-20200.4996
 30-Jan-20200.2867
IDCW Weekly30-Mar-20210.0590

 01-Mar-20210.0316
 22-Feb-20210.0220
 15-Feb-20210.1495
 01-Feb-20210.0282
 11-Jan-20210.1224
 04-Jan-20210.2287
 28-Dec-20200.2094
 21-Dec-20200.1915
 14-Dec-20200.1141
 07-Dec-20200.2325
 01-Dec-20200.2576
 23-Nov-20200.2503
 17-Nov-20200.1696
 09-Nov-20200.2064
 02-Nov-20200.0552
 26-Oct-20200.1966
 19-Oct-20200.1552
 12-Oct-20200.4215
 05-Oct-20200.2941
 28-Sep-20200.0822
 21-Sep-20200.0927
 07-Sep-20200.2512
 31-Aug-20200.3725
 17-Aug-20200.1160
IDCW Quarterly25-Mar-20210.2323

 28-Dec-20202.7394
 21-Sep-20202.3162
 26-Jun-20204.5639
 26-Mar-20200.1570
 26-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
IDCW Others24-Mar-202116.3114
IDCW Monthly26-Feb-20210.1327

 29-Jan-20210.3573
 30-Dec-20200.8049
 27-Nov-20200.9083
 29-Oct-20200.9548
 30-Sep-20200.7529
 28-Aug-20200.4919
 30-Jul-20200.8500
 30-Jun-20201.3975
 29-May-20201.6812
 30-Mar-20200.0092
 27-Feb-20200.6229
 30-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

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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