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Unrated

ICICI Prudential Constant Maturity Gilt Fund


1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India which will mature in 10 years or more. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.

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:

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 12.51 0.27 0.50 1.83 1.68 5.54 14.01 11.19 10.58 -- --
CCIL All Sovereign Bond - TRI 10.91 0.21 0.45 1.10 0.21 4.65 12.52 9.69 9.56 -- --
Debt: Gilt with 10 year Constant Duration 10.76 0.33 0.55 1.68 1.09 4.24 12.05 10.05 10.30 -- --
Rank within category 1 5 4 2 1 1 1 2 2 -- --
Number of funds in category 5 5 5 5 5 5 5 5 4 2 2

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Constant Maturity Gilt Fund  | Invest Now
Unrated
Sep-14 14.01 11.19 10.58 0.39 272
SBI Magnum Constant Maturity Fund  | Invest Online
Unrated
Dec-00 11.68 10.90 10.51 0.64 745

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.94 (16-Apr-2020 - 23-Apr-2020) -2.96 (02-Feb-2017 - 09-Feb-2017)
Month 4.96 (08-Apr-2020 - 08-May-2020) -3.05 (03-Feb-2017 - 07-Mar-2017)
Quarter 9.44 (18-Apr-2019 - 19-Jul-2019) -4.26 (24-Nov-2016 - 23-Feb-2017)
Year 19.78 (11-Sep-2018 - 11-Sep-2019) -0.47 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.11 4.43 1.14 2.75 0.82 1.89
CCIL All Sovereign Bond - TRI 8.90 5.00 0.77 1.50 -- --
Debt: Gilt with 10 year Constant Duration 9.11 4.45 0.96 2.04 0.82 0.92
Rank within category 2 3 3 3 3 3
Number of funds in category 5 5 5 5 5 5

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 7 7 2 5
Modified Duration (yrs) 6.83 7.28 6.79 6.83
Average Maturity (yrs) 9.44 10.49 9.44 9.51
Yield to Maturity (%) 6.20 7.02 5.96 6.16
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 34.75 34.75
new 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 81.53 19.10
down 5.77% GOI 2030 GOI Securities SOV 0.00 - 51.80 18.80
new 7.59% GOI 20/03/2029 GOI Securities SOV 0.00 - 35.79 15.98
new 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 56.50 3.78
new 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 3.61 3.61
down 7.61% GOI 2030 GOI Securities SOV 0.00 - 12.43 2.01

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-Sep-2020

Fund Manager

— Rahul Goswami since 25-Aug-2014

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.

Funds Managed:


0.27%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 18.9675

Dividend Yearly: ₹ 10.7161

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Dividend Quarterly: ₹ 10.9907

Dividend Monthly: ₹ 11.3224

Dividend Half Yearly: ₹ 10.6775


Investment Strategy

The scheme seeks to generate income primarily by investing in portfolio of Government Securities while maintaining Macaulay duration of the portfolio around 10 years.

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

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 12-Sep-2014
Return Since Launch: 11.03%
Benchmark: CRISIL 10-Year Gilt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 272 Cr (As on 30-Sep-2020)
Expense: 0.39% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly12-Oct-20200.1375

 12-Aug-20200.0054
 13-Jul-20200.1649
 12-Jun-20200.2313
 11-May-20200.3351
 12-Mar-20200.1225
 12-Feb-20200.1857
 13-Jan-20200.0651
 13-Nov-20190.0160
 15-Oct-20190.0518
 12-Sep-20190.0259
 13-Aug-20190.0325
 12-Jul-20190.3473
 12-Jun-20190.2467
 13-May-20190.0919
 12-Apr-20190.0521
 12-Mar-20190.0455
 12-Feb-20190.0099
 14-Jan-20190.0666
 12-Dec-20180.2416
 12-Nov-20180.1486
 12-Oct-20180.0548
 13-Aug-20180.0874
 12-Sep-20170.0298
 14-Aug-20170.0721
Dividend Half Yearly14-Sep-20200.6494

 12-Mar-20200.4379
 12-Sep-20190.7979
 12-Mar-20190.6059
 12-Sep-20180.0107
 12-Sep-20170.5354
 14-Mar-20170.1458
 12-Sep-20160.5397
 14-Mar-20160.2171
 14-Sep-20150.1537
 26-Mar-20150.5637
Dividend Quarterly14-Sep-20200.0989

 26-Jun-20200.5725
 12-Mar-20200.4589
 12-Dec-20190.0648
 12-Sep-20190.4260
 12-Jun-20190.3650
 12-Mar-20190.0920
 12-Dec-20180.5021
 12-Sep-20180.0113
 12-Sep-20170.1260
 12-Jun-20170.0705
 13-Dec-20160.2916
 12-Sep-20160.4017
 13-Jun-20160.2654
 14-Mar-20160.0922
 14-Dec-20150.1230
 16-Sep-20150.1764
 26-Mar-20150.1984
 12-Dec-20140.1617
Dividend Yearly14-Sep-20201.2771

 12-Sep-20191.5038
 12-Sep-20180.0106
 12-Sep-20170.6730
 12-Sep-20160.7059
 14-Sep-20150.7741

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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