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Unrated

ICICI Prudential Floating Interest Fund


Debt: Floater

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.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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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(₹)
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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 5.37 -0.02 0.37 2.15 4.10 5.04 9.36 7.61 7.94 8.25 8.45
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 4.79
Debt: Floater 5.76 -0.03 0.34 1.91 4.25 5.49 9.38 7.75 7.86 8.11 8.22
Rank within category 6 4 2 3 3 6 4 4 4 4 4
Number of funds in category 7 7 7 7 7 7 7 5 5 5 5

As on 14-Jul-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 9.36 7.61 7.94 1.32 6,291
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 11.69 8.19 8.25 0.55 11,636
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 9.35 8.01 8.18 0.38 9,331
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 9.49 8.20 8.46 0.36 6,360
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 9.49 8.20 8.46 0.28 6,360

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 (10-Jun-2020 - 10-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 7.21 1.33 1.44 2.46 -0.40 1.41
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Floater 7.39 1.16 1.89 3.49 0.24 2.38
Rank within category 4 4 4 3 2 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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 94 118 80 78
Modified Duration (yrs) 1.24 1.24 0.94 1.55
Average Maturity (yrs) 1.53 1.53 1.13 1.86
Yield to Maturity (%) 6.82 8.48 6.82 5.44

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 3.86 - 5.74 5.36
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 3.07 - 4.68 4.27
equal 8.15% GOI 21/12/2020 GOI Securities Floating Rate Bond SOV 1.11 - 4.48 4.06
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA 2.95 - 4.20 3.77
equal 7.45% United Spirits 28/12/2020 Debenture AA+ 2.11 - 3.15 2.87
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 3.02 2.79
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.86 2.62
equal 9.14% Zydus Wellness 16/01/2023 Debenture AA+ 1.90 - 2.77 2.55
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 1.79 - 2.71 2.50
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 2.66 2.43
equal Muthoot Finance 2021 Non Convertible Debenture AA 0.00 - 2.63 2.40
equal 9.14% Zydus Wellness 14/01/2022 Debenture AA+ 1.70 - 2.50 2.29
equal 9.14% Zydus Wellness 16/01/2024 Debenture AA+ 1.66 - 2.43 2.22
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 0.00 - 1.82 1.69
equal Reliance Industries 21/09/2023 Debenture AAA 0.00 - 1.77 1.64
equal 6.72% Ultratech Cement 2022 Non Convertible Debenture AAA 0.00 - 1.78 1.64
equal 7.80% GOI 2021 Central Government Loan SOV 0.00 - 1.81 1.64
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 0.00 - 1.77 1.64
new Tata Housing Devp. Co. 25/03/2022 Non Convertible Debenture AA 0.00 - 1.60 1.60
equal 9.25% Incline Realty Pvt Ltd. 23/04/2021 Bonds/Debentures AA+ 1.17 - 1.74 1.59
equal 9.45% Vedanta 17/08/2020 Debenture AA 1.18 - 1.75 1.58
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.61 1.55
equal Adarsh Advisory Services Pvt. 2021 Zero Coupon Bonds A 1.40 - 1.87 1.53
equal 8.50% Vedanta 2021 Debenture AA 1.18 - 1.70 1.52
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.70 - 1.60 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 30-Jun-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:


-0.02%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 311.3886

Dividend Weekly: ₹ 101.8184

More

Dividend Quarterly: ₹ 104.7832

Dividend Others: ₹ 157.2349

Dividend Monthly: ₹ 103.3945

Dividend Fortnightly: ₹ 102.2997

Dividend Daily: ₹ 101.8525


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: 8.05%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 6,291 Cr (As on 30-Jun-2020)
Expense: 1.32% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Jul-20200.4120

 10-Jul-20200.0882
 09-Jul-20200.0320
 08-Jul-20200.2156
 07-Jul-20200.0140
 06-Jul-20200.0395
 03-Jul-20200.0209
 02-Jul-20200.0362
 01-Jul-20200.0239
 30-Jun-20200.0213
 29-Jun-20200.0545
 26-Jun-20200.0488
 25-Jun-20200.0496
 24-Jun-20200.0231
 23-Jun-20200.0165
 22-Jun-20200.0656
 19-Jun-20200.0175
 18-Jun-20200.0422
 17-Jun-20200.0169
 16-Jun-20200.0168
 15-Jun-20200.0669
 11-Jun-20200.0494
 09-Jun-20200.0460
 08-Jun-20200.0560
 05-Jun-20200.0368
Dividend Weekly13-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
 13-Jan-20200.1175
 06-Jan-20200.1454
 30-Dec-20190.0728
 23-Dec-20190.1703
 16-Dec-20190.0100
 02-Dec-20190.1418
 25-Nov-20190.1047
Dividend Fortnightly30-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
 14-Jun-20190.1856
 30-May-20190.3382
 15-May-20190.2322
 30-Apr-20190.1037
 15-Apr-20190.3366
Dividend Monthly30-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
 30-May-20180.2510
 26-Apr-20180.2972
Dividend Quarterly26-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
 30-Jun-20141.7040
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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