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ICICI Prudential Medium Term Bond Fund

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Debt: Medium Duration

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1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 7.53 0.11 0.19 0.80 2.96 4.61 10.66 7.38 7.98 8.87 8.42
VR Bond 5.60 0.12 0.01 -0.02 0.48 2.90 7.05 6.71 7.05 7.81 7.51
Debt: Medium Duration 4.50 0.13 0.19 0.18 1.25 4.08 5.50 5.66 6.67 7.92 7.64
Rank within category 6 14 12 2 2 9 3 4 3 2 1
Number of funds in category 17 21 21 20 18 18 16 14 13 9 7

As on 01-Oct-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  | Invest Now
4 star
 Sep-04 10.66 7.38 7.98 1.63 5,088
SBI Magnum Medium Duration Fund  | Invest Online
5 star
 Nov-03 11.72 8.87 9.62 1.25 4,019
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
 Jul-03 9.56 7.87 7.99 1.43 3,647
HDFC Medium Term Debt Fund  | Invest Online
4 star
 Feb-02 8.99 7.38 7.89 1.49 1,161
ICICI Prudential Retirement Fund - Pure Debt Plan  | Invest Now
5 star
 Feb-19 9.77 -- -- 2.10 459

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.85 (24-Mar-2020 - 31-Mar-2020) -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 5.08 (29-Apr-2020 - 29-Jul-2020) -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 7.16 2.51 0.83 1.19 0.63 1.19
VR Bond 6.51 2.09 0.69 1.28 -- --
Debt: Medium Duration 4.65 4.52 0.27 0.69 0.56 -1.22
Rank within category 4 4 5 5 9 4
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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 87 103 75 31
Modified Duration (yrs) 3.55 3.55 2.07 3.43
Average Maturity (yrs) 4.93 5.02 2.85 4.37
Yield to Maturity (%) 7.94 9.60 7.93 7.20
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
new 5.77% GOI 2030 GOI Securities SOV 0.00 - 8.14 8.14
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 7.84 7.82
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 4.63 - 6.41 6.14
equal 8.10% Bangalore Airport Hotel 26/09/2022 Debenture AA+ 3.56 - 5.08 4.88
equal 8.55% GMR Aero Technic Ltd. 2024 Non Convertible Debenture AA 2.54 - 3.61 3.46
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 3.16 3.16
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 2.12 - 3.03 2.90
equal 7.99% Great Eastern Shipping Co. 18/01/2025 Non Convertible Debenture AA+ 0.00 - 2.96 2.86
equal 9.46% Tata Projects 29/04/2022 Non Convertible Debenture AA 1.88 - 2.60 2.51
equal Walwhan Renewables Energy 31/01/2022 Debenture AA 2.29 - 5.91 2.29
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 2.27 2.24
equal TMF Holdings 28/03/2022 Zero Coupon Bonds AA- 1.54 - 2.25 2.24
equal 9.15% ICICI Bank Debenture AA+ 1.49 - 3.34 2.05
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 1.48 - 2.06 2.01
equal 8.55% GMR Aerospace Engineering Ltd. 2024 Non Convertible Debenture AA 1.45 - 2.06 1.98
equal 9.50% Nayara Energy 29/07/2021 Bonds/NCDs AA 1.50 - 2.00 1.93
new 8.76% TMF Holdings Non Convertible Debenture AA- 0.00 - 1.09 1.91
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 12.16 1.87
equal 9.20% Vedanta 2022 Non Convertible Debenture AA 0.00 - 1.85 1.84
equal 9.99% Jhajjar Power 30/04/2026 Debenture AA+ 1.39 - 1.94 1.82
equal 7.93% Power Finance Corp. 31/12/2029 Non Convertible Debenture AAA 0.00 - 1.83 1.74
equal 8.80% JM Financial Products 28/09/2020 Bonds/Debentures AA 1.27 - 1.80 1.73
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 1.60 1.55
equal 9.99% Jhajjar Power 30/04/2025 Debenture AA+ 0.93 - 1.29 1.23
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 1.15 1.14

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 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
0.11%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 32.7606

Dividend Yearly: ₹ 13.5319

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Dividend Quarterly: ₹ 10.5486

Dividend Half Yearly: ₹ 10.4706

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: 7.67%
Benchmark: CRISIL Medium Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 5,088 Cr (As on 31-Aug-2020)
Expense: 1.63% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly14-Sep-20200.6585

 20-Mar-20200.4014
 23-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 Quarterly17-Aug-20200.5243

 30-Apr-20200.1864
 30-Jan-20200.2157
 29-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
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: 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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