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ICICI Prudential Floating Interest Fund

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Debt: Floater

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1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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 6.65 -0.03 0.10 0.76 2.35 6.93 9.18 7.61 7.90 8.18 8.46
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 3.99 4.17 4.65 4.76
Debt: Floater 6.60 -0.01 0.12 0.54 1.80 6.74 8.65 7.63 7.76 8.05 8.21
Rank within category 3 6 5 1 1 4 2 4 4 4 4
Number of funds in category 7 7 7 7 7 7 7 5 5 5 5

As on 25-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
 Nov-05 9.18 7.61 7.90 1.31 8,837
Nippon India Floating Rate Fund  | Invest Online
Unrated
 Aug-04 10.52 7.86 8.07 0.57 12,158
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
 Oct-07 8.77 7.92 8.07 0.48 10,681
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
 Mar-09 8.79 8.04 8.30 0.36 6,886
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
 Jun-03 8.79 8.04 8.30 0.28 6,886

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.85 (24-Mar-2020 - 31-Mar-2020) -1.22 (12-Mar-2020 - 19-Mar-2020)
Month 2.17 (12-Jun-2020 - 13-Jul-2020) -1.76 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.51 (26-Mar-2020 - 25-Jun-2020) -0.21 (26-Dec-2019 - 26-Mar-2020)
Year 9.97 (24-Jul-2013 - 24-Jul-2014) 4.70 (28-May-2009 - 28-May-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.34 1.37 1.61 2.84 -0.55 1.56
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Floater 7.35 1.19 1.96 3.75 0.26 2.51
Rank within category 4 4 4 3 1 4
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 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 115 118 83 89
Modified Duration (yrs) 1.37 1.51 0.96 1.91
Average Maturity (yrs) 1.86 1.86 1.17 2.40
Yield to Maturity (%) 5.75 8.48 5.75 5.39
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 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 7.18 7.18
up 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 5.26 5.26
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 3.86 - 5.74 3.93
equal 8.15% GOI 21/12/2020 GOI Securities Floating Rate Bond SOV 1.11 - 4.48 3.46
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 3.05 - 4.68 3.05
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 3.54 2.99
new 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.00 - 2.93 2.93
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA 2.77 - 4.20 2.77
equal 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 2.81 2.43
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.86 2.32
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.41 2.06
equal 7.45% United Spirits 28/12/2020 Debenture AA+ 2.04 - 3.15 2.04
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 3.02 2.00
new Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 1.91 1.91
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 1.78 - 2.71 1.78
equal Muthoot Finance 2021 Non Convertible Debenture AA 1.75 - 2.63 1.75
equal 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 2.00 1.72
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 1.96 1.69
new Reserve Bank of India 182-D 31/12/2020 Treasury Bills SOV 0.00 - 1.68 1.68
new 8.76% TMF Holdings Non Convertible Debenture AA- 0.00 - 0.90 1.54
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 0.00 - 1.82 1.22
equal 9.37% State Bank of India 21/12/2023 Debenture AA+ 0.62 - 1.40 1.21
equal Reliance Industries 21/09/2023 Debenture AAA 0.00 - 1.77 1.18
equal REC 13/12/2022 Debenture AAA 0.00 - 1.37 1.18
equal 6.72% Ultratech Cement 2022 Non Convertible Debenture AAA 0.00 - 1.78 1.17

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

— Nikhil Kabra since 03-Aug-2016

Education: Mr. Kabra is a B.Com and Chartered Accountant.

Experience: Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.

Funds Managed:

— Rahul Goswami since 17-Sep-2012

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:

Invest Now
-0.03%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 315.1729

Dividend Weekly: ₹ 101.9420

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Dividend Quarterly: ₹ 103.9320

Dividend Others: ₹ 159.1456

Dividend Monthly: ₹ 103.0603

Dividend Fortnightly: ₹ 102.0943

Dividend Daily: ₹ 100.8844

Investment Strategy

The scheme seeks to generate income through investing predominantly in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 17-Nov-2005
Return Since Launch: 8.03%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 8,837 Cr (As on 31-Aug-2020)
Expense: 1.31% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Sep-20200.0459

 23-Sep-20200.0252
 22-Sep-20200.0194
 21-Sep-20200.0411
 18-Sep-20200.0492
 16-Sep-20200.0455
 15-Sep-20200.0540
 14-Sep-20200.0503
 11-Sep-20200.1193
 09-Sep-20200.1198
 03-Sep-20200.0269
 02-Sep-20200.0214
 01-Sep-20200.0180
 31-Aug-20200.0874
 28-Aug-20200.0242
 27-Aug-20200.5264
 25-Aug-20200.0956
 20-Aug-20200.0355
 19-Aug-20200.0089
 17-Aug-20200.0222
 13-Aug-20200.0687
 11-Aug-20200.0257
 10-Aug-20200.0615
 07-Aug-20200.0442
 05-Aug-20200.0586
Dividend Quarterly21-Sep-20202.1244

 26-Jun-20204.3303
 26-Mar-20200.0286
 26-Dec-20191.5658
 27-Sep-20191.5911
 27-Jun-20191.3576
 28-Mar-20191.3306
 28-Dec-20181.3358
 27-Sep-20181.1603
 27-Jun-20180.7445
 27-Mar-20181.1368
 27-Dec-20170.7904
 27-Sep-20171.1832
 30-Jun-20171.2603
 31-Mar-20171.4192
 29-Dec-20161.3125
 29-Sep-20161.7039
 29-Jun-20161.5174
 29-Mar-20161.3949
 29-Dec-20151.3472
 28-Sep-20151.3080
 25-Jun-20151.3735
 26-Mar-20151.4003
 26-Dec-20141.4658
 30-Sep-20141.4487
Dividend Weekly21-Sep-20200.0645

 07-Sep-20200.2371
 31-Aug-20200.3442
 17-Aug-20200.1019
 10-Aug-20200.0657
 03-Aug-20200.1490
 20-Jul-20200.1465
 13-Jul-20200.3381
 06-Jul-20200.1501
 29-Jun-20200.3789
 22-Jun-20200.6967
 15-Jun-20200.1169
 08-Jun-20200.0881
 01-Jun-20200.0526
 26-May-20200.7998
 18-May-20200.4720
 11-May-20200.0231
 20-Apr-20200.2136
 02-Mar-20200.0040
 24-Feb-20200.0490
 17-Feb-20200.1261
 10-Feb-20200.2884
 03-Feb-20200.1368
 27-Jan-20200.1498
 20-Jan-20200.0840
Dividend Fortnightly15-Sep-20200.3503

 28-Aug-20200.1786
 14-Aug-20200.2543
 30-Jul-20200.1249
 15-Jul-20200.5306
 30-Jun-20201.0073
 15-Jun-20200.2504
 29-May-20200.9782
 15-May-20200.5211
 27-Feb-20200.1028
 14-Feb-20200.4774
 30-Jan-20200.2645
 15-Jan-20200.2683
 30-Dec-20190.2431
 16-Dec-20190.0822
 28-Nov-20190.2295
 15-Nov-20190.3726
 29-Oct-20190.2800
 15-Oct-20190.4578
 16-Sep-20190.3411
 29-Aug-20190.2693
 16-Aug-20190.2213
 30-Jul-20190.1943
 15-Jul-20190.4998
 27-Jun-20190.1442
Dividend Monthly28-Aug-20200.4368

 30-Jul-20201.1415
 30-Jun-20201.3728
 29-May-20201.5213
 27-Feb-20200.5876
 30-Jan-20200.5400
 30-Dec-20190.3295
 28-Nov-20190.6106
 29-Oct-20190.7576
 27-Sep-20190.3357
 29-Aug-20190.4972
 30-Jul-20190.7031
 27-Jun-20190.3341
 30-May-20190.5781
 30-Apr-20190.4465
 28-Mar-20190.6116
 27-Feb-20190.2636
 30-Jan-20190.5646
 28-Dec-20180.6583
 22-Nov-20180.4120
 24-Oct-20180.4218
 24-Sep-20180.1817
 24-Aug-20180.4395
 27-Jul-20180.4876
 27-Jun-20180.4072
Dividend Others29-Sep-201413.7276

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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