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ICICI Prudential Medium Term Bond Fund - Direct Plan

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Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and 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.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

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 6.04 0.34 0.94 2.85 4.44 5.61 11.36 8.10 9.00 9.26 --
VR Bond 5.50 0.13 0.38 0.85 3.33 5.33 7.35 7.06 7.54 7.60 --
Debt: Medium Duration 4.02 0.20 0.51 2.39 4.86 3.98 7.17 6.65 7.88 8.31 --
Rank within category 8 2 2 6 11 10 5 6 3 2 --
Number of funds in category 16 17 17 17 17 17 16 14 13 9 0

As on 10-Jul-2020

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 11.36 8.10 9.00 1.03 4,864
SBI Magnum Medium Duration Fund - Direct Plan  | Invest Online
5 star
 Jan-13 13.11 9.68 10.45 0.78 3,384
IDFC Bond Fund Medium Term Plan - Direct Plan
4 star
 Jan-13 12.35 9.10 9.21 0.75 3,145
HDFC Medium Term Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 10.01 8.24 8.87 0.49 933
Axis Strategic Bond Fund - Direct Plan  | Invest Online
4 star
 Jan-13 11.20 8.30 9.33 0.35 839

Best & Worst Performance

Best (Period) Worst (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 4.72 (19-Aug-2013 - 18-Nov-2013) -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 7.48 2.36 0.92 1.23 0.63 1.27
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Medium Duration 5.46 4.38 0.45 0.98 0.55 -0.63
Rank within category 6 4 6 5 9 6
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 87 103 75 34
Modified Duration (yrs) 3.53 3.53 1.87 --
Average Maturity (yrs) 5.02 5.02 2.58 --
Yield to Maturity (%) 8.54 10.11 8.19 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 12.16 11.67
equal 8.30% REC 25/06/2029 Non Convertible Debenture AAA 0.00 - 6.50 6.50
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 4.63 - 6.41 6.41
equal 8.10% Bangalore Airport Hotel 26/09/2022 Debenture AA+ 3.56 - 5.08 5.08
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 3.64 3.64
equal 8.55% GMR Aero Technic Ltd. 2024 Non Convertible Debenture AA 2.54 - 3.61 3.61
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 1.75 - 3.03 3.03
equal 7.99% Great Eastern Shipping Co. 18/01/2025 Non Convertible Debenture AA+ 0.00 - 2.96 2.82
equal 9.46% Tata Projects 29/04/2022 Non Convertible Debenture AA 1.88 - 2.60 2.60
equal Walwhan Renewables Energy 31/01/2022 Debenture AA 2.32 - 6.03 2.39
equal TMF Holdings 28/03/2022 Zero Coupon Bonds AA- 0.00 - 2.25 2.25
equal 9.15% ICICI Bank Debenture AA+ 1.49 - 3.38 2.09
equal 8.55% GMR Aerospace Engineering Ltd. 2024 Non Convertible Debenture AA 1.45 - 2.06 2.06
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 1.48 - 2.06 2.06
equal 9.50% Nayara Energy 29/07/2021 Bonds/NCDs AA 1.50 - 2.00 2.00
equal 9.99% Jhajjar Power 30/04/2026 Debenture AA+ 1.39 - 1.94 1.94
equal 7.93% Power Finance Corp. 31/12/2029 Non Convertible Debenture AAA 0.00 - 1.83 1.83
equal 8.80% JM Financial Products 28/09/2020 Bonds/Debentures AA 1.27 - 1.80 1.80
equal 9.20% Vedanta 2022 Non Convertible Debenture AA 0.00 - 1.85 1.79
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 1.60 1.60
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 1.95 1.59
equal 7.46% National Bank Agr. Rur. Devp 27/12/2034 Non Convertible Debenture AAA 0.00 - 1.33 1.33
equal 9.99% Jhajjar Power 30/04/2025 Debenture AA+ 0.93 - 1.29 1.29
new Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 1.15 1.15
equal 8.37% REC 2028 Debenture AAA 0.00 - 1.11 1.11

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

*As on 31-May-2020

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
0.34%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 34.2143

Dividend Yearly: ₹ 14.5070

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Dividend Quarterly: ₹ 11.4562

Dividend Half Yearly: ₹ 11.4086

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 (₹) --
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: 9.24%
Benchmark: CRISIL Medium Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,864 Cr (As on 30-Jun-2020)
Expense: 1.03% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly30-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
 24-Sep-20140.1080
 30-Jul-20140.2356
 30-Apr-20140.2398
Dividend Half Yearly20-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
Dividend Yearly03-Nov-20170.7581

 03-Nov-20160.2739

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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