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4 star

ICICI Prudential Bond Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven 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 may experience some degree of volatility in response to changes in interest rates.

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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(₹)
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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 8.98 0.03 -0.14 1.05 1.72 6.09 11.94 8.55 8.92 10.00 --
VR Bond 5.54 -0.02 -0.02 0.57 0.55 2.66 7.12 6.70 7.09 7.83 --
Debt: Medium to Long Duration 7.63 0.05 -0.12 0.98 1.06 5.21 9.49 6.92 7.82 8.87 --
Rank within category 4 9 9 6 4 1 2 3 4 1 --
Number of funds in category 13 13 13 13 13 13 13 13 13 13 0

As on 29-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.94 8.55 8.92 0.56 3,976
SBI Magnum Income Fund - Direct Plan  | Invest Online
5 star
Jan-13 13.09 9.01 9.56 0.84 1,473
Nippon India Income Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.33 8.68 9.11 0.89 430
Aditya Birla Sun Life Income Fund - Direct Plan  | Invest Online
3 star
Jan-13 11.20 8.20 8.82 0.25 1,352
Kotak Bond Fund - Direct Plan  | Invest Online
3 star
Jan-13 11.43 8.38 8.58 0.80 1,265

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.21 (19-Aug-2013 - 26-Aug-2013) -4.45 (12-Aug-2013 - 19-Aug-2013)
Month 5.29 (19-Aug-2013 - 18-Sep-2013) -6.28 (17-Jun-2013 - 17-Jul-2013)
Quarter 7.53 (23-Mar-2020 - 22-Jun-2020) -9.89 (20-May-2013 - 19-Aug-2013)
Year 17.08 (04-Mar-2014 - 04-Mar-2015) 1.08 (15-May-2013 - 15-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.16 2.98 1.01 1.97 1.12 1.57
VR Bond 6.44 2.10 0.62 1.17 -- --
Debt: Medium to Long Duration 6.63 3.65 0.59 1.34 1.26 -0.15
Rank within category 2 3 3 3 5 3
Number of funds in category 14 14 14 14 14 14

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

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 67 75 67 18
Modified Duration (yrs) 4.89 4.89 3.31 5.68
Average Maturity (yrs) 7.10 7.10 4.43 7.65
Yield to Maturity (%) 6.19 7.61 5.82 6.34
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 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 12.76 12.76
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 6.09 5.89
new 5.77% GOI 2030 GOI Securities SOV 0.00 - 5.88 5.88
down 8.41% HUDCO 15/03/2029 Debenture AAA 4.36 - 7.56 4.36
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 4.07 - 4.91 4.07
new 7.40% LIC Housing Fin. 2024 Debenture AAA 0.00 - 3.97 3.97
equal 9.15% Axis Bank 31/12/2022 Debenture AAA 3.93 - 4.85 3.93
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.75 - 6.51 3.90
equal 9.35% REC 15/06/2022 Bonds AAA 3.86 - 5.87 3.86
equal 8.24% MTNL 19/11/2024 Bonds AAA 3.84 - 4.65 3.84
equal 7.60% ICICI Bank 2023 Bonds AAA 3.49 - 6.32 3.49
new 7.64% Food Corporation of India 2029 Debenture AAA 0.00 - 3.07 3.07
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.94 - 3.77 2.75
equal 8.29% State Bank of India 22/01/2025 Debenture AAA 2.73 - 3.27 2.73
equal 9.70% Tata Sons 25/07/2022 Debenture AAA 2.58 - 3.17 2.58
new 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 2.25 2.25
equal 8.29% MTNL 25/11/2024 Bonds AAA 1.93 - 2.33 1.93
equal 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 1.60 - 4.16 1.60
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 1.93 1.45
equal 9.38% MTNL 2023 Bonds AAA 1.41 - 1.72 1.41
equal 7.93% Power Finance Corp. 31/12/2029 Non Convertible Debenture AAA 0.00 - 1.62 1.31
equal 7.79% Power Finance Corp. 22/07/2030 Non Convertible Debenture AAA 0.00 - 1.43 1.30
equal 7.79% REC 21/05/2030 Debenture AAA 0.00 - 1.43 1.30
equal 9.70% Tata Sons 16/08/2022 Debenture AAA 1.19 - 1.46 1.19
down 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 1.10 - 1.68 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 31-Aug-2020

Fund Manager

— Manish Banthia since 16-Sep-2013

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:


0.03%

Change from previous, NAV as on 29-Sep-2020

Growth: ₹ 31.1940

Dividend Quarterly: ₹ 11.4132

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Dividend Monthly: ₹ 11.5040

Dividend Half Yearly: ₹ 11.5573


Investment Strategy

The scheme seeks to generate income through investments in a range of debt and money market instruments 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 0.25% for redemption within 30 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.10%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,976 Cr (As on 31-Aug-2020)
Expense: 0.56% (As on 31-Aug-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly17-Aug-20200.3437

 22-May-20200.2312
 24-Feb-20200.2658
 18-Nov-20190.1897
 16-Aug-20190.3745
 16-May-20190.1585
 15-Feb-20190.2002
 15-Nov-20180.0823
 16-Aug-20180.1740
 17-May-20180.0255
 23-Nov-20170.0308
 23-Aug-20170.2474
 23-May-20170.0866
 22-Nov-20160.2697
 22-Aug-20160.3492
 20-May-20160.3138
 23-Feb-20160.0245
 26-Nov-20150.2018
 26-Aug-20150.1625
 26-May-20150.0812
 26-Feb-20150.2448
 27-Nov-20140.3380
 24-Sep-20140.0602
 27-Aug-20140.1584
 28-May-20140.3257
Dividend Monthly31-Jul-20200.1955

 30-Jun-20200.1511
 29-May-20200.2736
 30-Apr-20200.0994
 27-Feb-20200.1592
 30-Jan-20200.0352
 30-Dec-20190.0364
 28-Nov-20190.1022
 29-Oct-20190.1091
 27-Sep-20190.0331
 29-Aug-20190.0682
 30-Jul-20190.1502
 27-Jun-20190.0684
 28-May-20190.1456
 26-Apr-20190.0354
 26-Mar-20190.1278
 26-Feb-20190.0331
 28-Jan-20190.0353
 28-Dec-20180.1091
 26-Nov-20180.0704
 26-Oct-20180.0377
 27-Aug-20180.0432
 27-Jul-20180.0683
 26-Jun-20180.0143
 23-Mar-20180.0220
Dividend Half Yearly26-Mar-20200.1614

 26-Sep-20190.4502
 28-Mar-20190.4421
 26-Sep-20180.0905
 26-Mar-20180.0464
 25-Sep-20170.4005
 23-Mar-20170.1523
 28-Sep-20160.4640
 23-Mar-20160.2454
 16-Sep-20150.0997

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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