1 LakhInvestment Grown to
Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
Taxability of earnings:
|CCIL T Bill Liquidity Weight||1.49||0.00||0.04||0.18||0.63||1.12||2.19||3.44||3.67||4.11||--|
|Rank within category||104||306||308||310||67||44||60||2||2||2||--|
|Number of funds in category||303||318||316||313||307||303||303||50||3||3||0|
As on 17-Sep-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|ICICI Prudential Fixed Maturity Plan - Series 74 - 9 Years - Plan U||Jun-14||6.17||9.98||7.69||0.20||38|
|Kotak FMP Series 252 - 1261 Days - Regular Plan||Nov-18||4.96||--||--||0.09||1,349|
|HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Regular Plan||Sep-18||11.04||9.69||--||0.27||790|
|Kotak FMP Series 239 - 1330 Days - Regular Plan||Aug-18||9.32||9.58||--||0.12||780|
|SBI Fixed Maturity Plan - Series 41 (1498 Days) - Regular Plan||Mar-21||--||--||--||0.35||754|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||Period|
|Week||2.43||24-Aug-2015 - 31-Aug-2015||-2.88||11-Jan-2016 - 18-Jan-2016|
|Month||4.82||17-Feb-2016 - 18-Mar-2016||-1.99||25-Nov-2016 - 26-Dec-2016|
|Quarter||9.17||18-Jan-2016 - 18-Apr-2016||-3.44||21-Jan-2015 - 22-Apr-2015|
|Year||20.68||24-Nov-2015 - 24-Nov-2016||-0.33||27-Jun-2014 - 29-Jun-2015|
|CCIL T Bill Liquidity Weight||3.37||0.39||-1.71||-4.34||--||--|
|Rank within category||2||42||32||36||51||1|
|Number of funds in category||51||51||51||51||51||51|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Aug-2021
|Fund||1Y High||1Y Low||Category|
|Number of Securities||9||9||--||15|
|Modified Duration (yrs)||--||--||--||--|
|Average Maturity (yrs)||--||--||--||--|
|Yield to Maturity (%)||--||--||--||--|
|Avg Credit Rating||GOI/Cash||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|8.21% Rajasthan State 31/03/2023||State Development Loan||SOV||42.05 - 44.89||42.05|
|7.63% Telangana State 2023||State Development Loan||SOV||16.65 - 17.71||16.65|
|8.21% Haryana State 31/03/2023||State Development Loan||SOV||14.02 - 14.97||14.02|
|8.62% Maharashtra State 20/02/2023||State Development Loan||SOV||5.63 - 6.05||5.63|
|8.53% Jammu & Kashmir State 30/03/2022||State Development Loan||SOV||4.09 - 4.44||4.09|
|8.51% Uttar Pradesh State 21/03/2023||State Development Loan||SOV||3.09 - 3.31||3.09|
|8.45% Bihar State 30/03/2023||State Development Loan||SOV||0.00 - 2.90||2.81|
|7.37% GOI 16/04/2023||GOI Securities||SOV||2.78 - 2.99||2.78|
|8.65% Karnataka State 20/03/2023||State Development Loan||SOV||1.27 - 1.37||1.27|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Aug-2021
Education: Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)
Experience: Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
Education: Mr. Maru is M.Com and MBA in Finance.
Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.
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The scheme seeks to generate regular returns by investing in fixed income securities normally maturing in line with the time profile of the plan. The scheme has a tenure of 3276 days.
|Fund House:||ICICI Prudential Mutual Fund|
|Return Since Launch:||8.02%|
|Benchmark:||CRISIL Composite Bond Index|
|Riskometer:||Low to Moderate|
Fund News - 13-Jun-2014
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
Email: [email protected]
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
Email: [email protected]