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ICICI Prudential Medium Term Bond Fund - Direct Plan

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Debt: Medium Duration

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1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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
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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 1.57 0.02 0.27 1.32 1.35 3.65 11.05 8.70 8.79 9.50 --
VR Bond* 0.07 -0.04 0.16 0.96 0.02 1.38 5.29 6.79 6.64 7.50 --
Debt: Medium Duration* 0.72 0.03 0.19 1.20 0.61 2.69 9.41 6.53 7.44 8.32 --
Rank within category* 2 12 3 7 2 3 4 3 3 2 --
Number of funds in category* 18 19 19 18 18 18 16 13 13 10 0

As on 12-Apr-2021

* As on 13-Apr-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Medium Term Bond Fund - Direct Plan  | Invest Now
4 star
 Jan-13 11.05 8.70 8.79 0.73 6,408
SBI Magnum Medium Duration Fund - Direct Plan  | Invest Online
5 star
 Jan-13 10.84 9.75 10.20 0.68 8,386
IDFC Bond Fund Medium Term Plan - Direct Plan
4 star
 Jan-13 9.01 8.68 8.23 0.76 4,713
HDFC Medium Term Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 10.04 8.77 8.61 0.49 3,031
Axis Strategic Bond Fund - Direct Plan
4 star
 Jan-13 10.01 8.38 8.83 0.35 1,349

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.87 24-Mar-2020 - 31-Mar-2020 -2.37 12-Aug-2013 - 19-Aug-2013
Month 3.41 20-Aug-2013 - 19-Sep-2013 -2.97 17-Jun-2013 - 17-Jul-2013
Quarter 5.24 29-Apr-2020 - 29-Jul-2020 -5.02 20-May-2013 - 19-Aug-2013
Year 14.58 19-Aug-2013 - 19-Aug-2014 4.12 04-Oct-2017 - 04-Oct-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.31 2.48 1.55 2.07 0.57 2.65
VR Bond 6.55 2.13 0.98 1.35 -- --
Debt: Medium Duration 5.55 4.54 0.72 1.19 0.55 -0.06
Rank within category 4 4 4 4 7 2
Number of funds in category 15 15 15 15 15 15

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 111 111 75 38
Modified Duration (yrs) 2.14 3.55 2.14 --
Average Maturity (yrs) 2.81 5.02 2.81 --
Yield to Maturity (%) 7.03 8.57 6.82 --
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 6.22% GOI 16/03/2035 GOI Securities SOV 0.00 - 6.55 6.55
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 5.02 - 6.41 5.04
equal 8.10% Bangalore Airport Hotel 26/09/2022 Debenture AA+ 3.89 - 5.08 3.89
equal 8.55% GMR Aero Technic Ltd. 2024 Non Convertible Debenture AA 2.73 - 3.61 2.73
new 7.19% Uttar Pradesh State 2031 State Development Loan SOV 0.00 - 2.71 2.71
equal 6.79% BSNL 23/09/2030 Non Convertible Debenture AAA 0.00 - 2.86 2.56
new 7.17% Uttar Pradesh State 2031 State Development Loan SOV 0.00 - 2.39 2.39
equal 7.99% Great Eastern Shipping Co. 18/01/2025 Non Convertible Debenture AA+ 2.33 - 2.96 2.35
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 2.35 2.32
equal 9.46% Tata Projects 29/04/2022 Non Convertible Debenture AA 2.01 - 2.60 2.01
equal TMF Holdings 28/03/2022 Zero Coupon Bonds AA- 1.87 - 2.25 1.89
equal 7.73% State Bank of India Additional Tier 1 Bond AA+ 0.00 - 2.06 1.86
equal Walwhan Renewables Energy 31/01/2022 Debenture AA 1.85 - 5.62 1.85
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 2.27 1.81
equal 7.40% Muthoot Finance 2024 Debenture AA+ 0.00 - 1.60 1.60
equal 9.15% ICICI Bank Additional Tier 1 Bond AA+ 1.59 - 2.09 1.59
equal 9.50% Nayara Energy 29/07/2021 Bonds/NCDs AA 1.59 - 2.00 1.59
equal 7.45% Manappuram Finance 22/12/2023 Non Convertible Debenture AA 0.00 - 1.61 1.58
equal 6.65% Motherson Sumi Systems 14/09/2023 Non Convertible Debenture AAA 0.00 - 1.93 1.58
equal 8.75% Axis Bank Additional Tier 1 Bond AA+ 1.58 - 2.06 1.58
new 6.85% Mahindra Rural Housing Finance 17/03/2023 Non Convertible Debenture AA+ 0.00 - 1.57 1.57
equal 8.76% TMF Holdings Non Convertible Debenture AA- 0.67 - 1.09 1.56
equal 8.55% GMR Aerospace Engineering Ltd. 2024 Non Convertible Debenture AA 1.56 - 2.06 1.56
equal 9.20% Vedanta 2022 Non Convertible Debenture AA- 0.00 - 1.72 1.56
equal 6.43% Godrej Industries 26/04/2024 Non Convertible Debenture AA 0.00 - 1.83 1.54

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

— Manish Banthia since 07-Nov-2016

Education: Mr. Banthia is B.Com, CA and MBA

Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.

Funds Managed:

— Shadab Rizvi since 05-Jun-2017

Education: Mr. Rizvi has Post Graduate Diploma in Securities Market & B.E. (Electrical Engineering)

Experience: Prior to Joining ICICI Prudential Mutual Fund he has worked with Darashaw & Company Pvt Ltd, Kernel Academy of Computer Sciences and Daksh e-Services Pvt Ltd.

Invest Now
0.02%

Change from previous, NAV as on 12-Apr-2021

Growth: ₹ 36.4101

IDCW Yearly: ₹ 14.1708

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IDCW Quarterly: ₹ 11.1276

IDCW Half Yearly: ₹ 10.9562

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 maximizing income while maintaining the optimum balance of yield, safety and liquidity.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.18%
Benchmark: CRISIL Medium Term Debt TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 6,408 Cr (As on 31-Mar-2021)
Expense: 0.73% (As on 28-Feb-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Half Yearly18-Mar-20210.4226

 14-Sep-20200.7187
 20-Mar-20200.4382
 23-Sep-20190.3855
 22-Mar-20190.2900
 21-Sep-20180.1755
 20-Mar-20180.1333
 20-Sep-20170.3647
 23-Mar-20170.2575
 19-Sep-20160.3913
 18-Mar-20160.2686
 18-Sep-20150.2977
 18-Mar-20150.5039
 18-Sep-20140.5015
 18-Mar-20140.2645
 24-May-20130.0182
IDCW Yearly18-Mar-20211.2519

 03-Nov-20170.7581
 03-Nov-20160.2739
IDCW Quarterly28-Jan-20210.2076

 20-Oct-20200.2412
 17-Aug-20200.5709
 30-Apr-20200.2109
 30-Jan-20200.2366
 29-Oct-20190.1667
 29-Jul-20190.2247
 30-Apr-20190.1351
 29-Jan-20190.1657
 30-Oct-20180.0736
 27-Jul-20180.1052
 26-Apr-20180.1299
 29-Jan-20180.0299
 27-Oct-20170.1165
 27-Jul-20170.2436
 27-Apr-20170.1115
 27-Jan-20170.1865
 27-Oct-20160.2346
 29-Jul-20160.1913
 29-Apr-20160.1380
 29-Jan-20160.0924
 30-Oct-20150.2088
 28-Jul-20150.1210
 28-Apr-20150.1303
 28-Jan-20150.3410

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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