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ICICI Prudential Medium Term Bond Fund

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Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

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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(₹)
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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 0.81 0.01 0.32 0.96 2.98 5.21 9.60 6.90 7.74 8.20 8.07
VR Bond 0.39 0.06 0.22 0.53 1.41 1.87 8.01 6.19 6.99 7.43 7.23
Debt: Medium Duration 0.33 0.05 0.35 0.47 1.03 2.50 4.29 5.38 6.53 7.35 7.45
Rank within category 4 16 13 5 1 1 3 4 3 2 2
Number of funds in category 18 19 19 17 17 17 16 15 12 9 8

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.20 (19-Aug-2013 - 26-Aug-2013) -2.39 (12-Aug-2013 - 19-Aug-2013)
Month 3.32 (20-Aug-2013 - 19-Sep-2013) -3.05 (17-Jun-2013 - 17-Jul-2013)
Quarter 4.43 (19-Aug-2013 - 18-Nov-2013) -5.24 (20-May-2013 - 19-Aug-2013)
Year 13.61 (04-Mar-2014 - 04-Mar-2015) 3.29 (04-Oct-2017 - 04-Oct-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.73 1.79 0.56 0.98 0.60 0.78
VR Bond 6.11 2.14 0.18 0.33 -- --
Debt: Medium Duration 5.31 3.10 0.11 0.41 0.57 -0.63
Rank within category 5 3 3 5 9 5
Number of funds in category 16 16 16 16 16 16

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 107 107 87 48
Modified Duration (yrs) 2.80 2.80 1.85 3.02
Average Maturity (yrs) 3.63 3.63 2.53 4.28
Yield to Maturity (%) 8.81 10.11 8.60 9.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Walwhan Renewables Energy 31/01/2022 Debenture AA 4.80 - 6.03 5.61
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 4.74 - 5.13 4.79
up 8.30% REC 25/06/2029 Non Convertible Debenture AAA 0.00 - 4.69 4.69
equal 8.10% Bangalore Airport Hotel 26/09/2022 Debenture AA+ 3.73 - 4.04 3.73
equal 7.82% Godrej Properties 25/09/2020 Bonds/Debentures AA 2.89 - 3.13 2.90
equal Muthoot Finance 2021 Non Convertible Debenture AA 0.00 - 2.96 2.81
equal 8.55% GMR Aero Technic Ltd. 2024 Non Convertible Debenture AA 2.68 - 2.89 2.68
equal 8.41% HUDCO 15/03/2029 Debenture AAA 0.00 - 3.47 2.49
new 8.23% IRFC 29/03/2029 Debenture AAA 0.00 - 2.19 2.19
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 2.31 2.19
equal 8.75% Axis Bank Bonds/Debentures AA+ 2.07 - 2.26 2.12
equal KKR India Financial Services 2020 Structured Obligation AA 0.00 - 2.10 2.02
equal 8.80% Manappuram Finance 30/10/2020 Non Convertible Debenture AA 0.00 - 2.13 2.01
equal 9.46% Tata Projects 29/04/2022 Non Convertible Debenture AA 1.98 - 2.16 2.00
equal 8.90% JM Financial Products 28/07/2020 Bonds/NCDs AA 1.85 - 1.99 1.85
equal 8.15% Kribhco Infrastructure 30/04/2020 Debenture AA 1.68 - 1.83 1.69
equal TMF Holdings 28/03/2022 Zero Coupon Bonds AA- 0.00 - 1.67 1.60
down 9.15% ICICI Bank Debenture AA+ 1.59 - 3.39 1.59
equal 9.50% Nayara Energy 29/07/2021 Bonds/NCDs AA 1.58 - 1.74 1.58
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 1.65 1.57
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 1.53 - 1.67 1.56
equal 7.79% LIC Housing Fin. 18/10/2024 Debenture AAA 0.00 - 1.64 1.56
new 9.20% Vedanta 2022 Non Convertible Debenture AA 0.00 - 1.55 1.55
equal 8.55% GMR Aerospace Engineering Ltd. 2024 Non Convertible Debenture AA 1.53 - 1.65 1.53
equal Inox Air Products 31/12/2023 Debenture AA 1.52 - 1.65 1.52

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-Dec-2019

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
0.01%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 30.7149

Dividend Yearly: ₹ 12.6869

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Dividend Quarterly: ₹ 10.8728

Dividend Half Yearly: ₹ 10.9984

Bonus: ₹ 14.8009

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 (₹) 500
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: 15-Sep-2004
Return Since Launch: 7.58%
Benchmark: CRISIL Medium Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 6,423 Cr (As on 31-Dec-2019)
Expense: 1.55% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly29-Oct-20190.1488

 29-Jul-20190.2020
 30-Apr-20190.1153
 29-Jan-20190.1438
 30-Oct-20180.0587
 27-Jul-20180.0852
 26-Apr-20180.1095
 29-Jan-20180.0129
 27-Oct-20170.0962
 27-Jul-20170.2169
 27-Apr-20170.0907
 27-Jan-20170.1601
 27-Oct-20160.2062
 29-Jul-20160.1774
 29-Apr-20160.1822
 29-Jan-20160.0724
 30-Oct-20150.1894
 28-Jul-20150.1063
 28-Apr-20150.1187
 28-Jan-20150.3550
 24-Sep-20140.0987
 30-Jul-20140.2095
 30-Apr-20140.2105
 30-Jan-20140.2073
 13-Nov-20130.0390
Dividend Half Yearly23-Sep-20190.3449

 22-Mar-20190.2497
 21-Sep-20180.1390
 20-Mar-20180.0967
 20-Sep-20170.3545
 23-Mar-20170.2605
 19-Sep-20160.4417
 18-Mar-20160.2300
 18-Sep-20150.2708
 18-Mar-20150.4836
 18-Sep-20140.4559
 18-Mar-20140.1866
 24-May-20130.1333
 15-Mar-20130.6528
Dividend Yearly03-Nov-20170.6326

 03-Nov-20160.7389
 03-Nov-20150.0004
Dividend Monthly15-Feb-20120.0377

 25-Jan-20120.0536
 26-Dec-20110.0581
 23-Nov-20110.0620
 20-Oct-20110.0510
 23-Sep-20110.0548
 26-Aug-20110.0642
 27-Jul-20110.0582
 27-Jun-20110.0656
 27-May-20110.0555
 28-Apr-20110.0686
 24-Mar-20110.0553
 24-Feb-20110.0556
 27-Jan-20110.0785
 27-Dec-20100.0359
 26-Nov-20100.0315
 27-Oct-20100.0259
 27-Sep-20100.0365
 31-Aug-20100.0171
 29-Jul-20100.0412
 30-Jun-20100.0228
 31-May-20100.0395
 30-Apr-20100.0464
 26-Mar-20100.0397
 26-Feb-20100.0359
Dividend Weekly14-Feb-20120.0122

 07-Feb-20120.0123
 31-Jan-20120.0122
 24-Jan-20120.0119
 17-Jan-20120.0118
 10-Jan-20120.0122
 03-Jan-20120.0122
 27-Dec-20110.0120
 20-Dec-20110.0120
 13-Dec-20110.0102
 07-Dec-20110.0141
 29-Nov-20110.0123
 22-Nov-20110.0123
 15-Nov-20110.0123
 08-Nov-20110.0125
 01-Nov-20110.0124
 25-Oct-20110.0126
 11-Oct-20110.0127
 04-Oct-20110.0129
 27-Sep-20110.0136
 20-Sep-20110.0137
 13-Sep-20110.0123
 06-Sep-20110.0154
 30-Aug-20110.0095
 23-Aug-20110.0152

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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