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Unrated

ICICI Prudential Floating Interest Fund

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Debt: Floater

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.

If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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 2.23 0.05 0.13 0.42 1.84 2.03 6.01 7.72 7.44 7.77 8.25
CCIL T Bill Liquidity Weight 1.11 0.00 0.03 0.22 0.55 1.02 2.11 3.49 3.73 4.18 4.58
Debt: Floater 2.10 0.02 0.11 0.43 1.39 2.11 5.12 7.59 7.26 7.61 8.00
Rank within category 2 1 3 6 2 5 1 3 4 4 4
Number of funds in category 8 11 11 10 10 8 7 5 5 5 5

As on 23-Jul-2021

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 6.01 7.72 7.44 1.32 12,404
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
 Oct-07 5.96 7.86 7.60 0.48 18,740
Nippon India Floating Rate Fund  | Invest Online
Unrated
 Aug-04 5.51 8.56 7.61 0.57 17,328
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
 Jun-03 4.86 7.68 7.56 0.28 15,976
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
 Mar-09 4.86 7.68 7.56 0.38 15,976

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 10.19 24-Mar-2020 - 25-Mar-2021 4.70 28-May-2009 - 28-May-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.53 1.40 2.38 3.71 0.00 3.32
CCIL T Bill Liquidity Weight 3.46 0.39 -1.92 -4.74 -- --
Debt: Floater 7.38 1.24 2.58 4.05 0.69 3.69
Rank within category 3 4 3 4 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 30-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 129 129 96 96
Modified Duration (yrs) 1.25 1.51 0.54 1.59
Average Maturity (yrs) 6.44 6.61 1.81 2.53
Yield to Maturity (%) 5.58 5.97 5.00 4.69
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
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 34.97 34.45
equal 6.51% GOI 2024 GOI Securities SOV 0.00 - 5.74 5.25
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.61 - 4.51 2.99
equal 6.65% Motherson Sumi Systems 14/09/2023 Non Convertible Debenture AAA 0.00 - 3.05 2.44
equal 7.99% State Bank of India 28/06/2029 Additional Tier 2 Bond AAA 1.90 - 3.56 2.12
equal SRF 16/09/2022 Non Convertible Debenture AA+ 0.00 - 2.54 2.01
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 2.07 2.01
equal GOI 2031 GOI Securities SOV 0.00 - 1.93 1.88
equal 5.93% Rajasthan State 2025 State Development Loan SOV 0.00 - 1.63 1.59
equal 6.58% Gujarat State 31/03/2027 State Development Loan SOV 0.00 - 1.41 1.38
equal 6.43% Godrej Industries 26/04/2024 Non Convertible Debenture AA 0.00 - 1.50 1.33
equal 6.18% Gujarat State 31/03/2026 State Development Loan SOV 0.00 - 1.31 1.28
equal 7.27% GOI 2026 GOI Securities SOV 0.48 - 2.07 1.25
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 1.09 - 1.96 1.22
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.24 1.21
equal Tata Teleservices 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.19 1.16
equal 8.76% TMF Holdings Non Convertible Debenture AA- 0.42 - 0.90 1.16
equal 10.99% Union Bank of India Additional Tier 1 Bond AA- 0.00 - 1.18 1.14
equal Tata Capital Financial Services 2024 Non Convertible Debenture AAA 0.00 - 1.16 1.13
equal 7.73% State Bank of India Additional Tier 1 Bond AA+ 0.00 - 1.76 1.06
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 0.82 - 1.41 0.93
equal 9.37% State Bank of India Additional Tier 1 Bond AA+ 0.77 - 1.40 0.84
equal Reliance Industries 21/09/2023 Debenture AAA 0.75 - 1.37 0.84
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 0.74 - 1.36 0.83
equal 6.72% Ultratech Cement 2022 Non Convertible Debenture AAA 0.75 - 1.36 0.83

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-2021

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
0.05%

Change from previous, NAV as on 23-Jul-2021

Growth: ₹ 330.7309

IDCW Weekly: ₹ 101.9617

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IDCW Quarterly: ₹ 105.1929

IDCW Others: ₹ 152.1965

IDCW Monthly: ₹ 102.9117

IDCW Fortnightly: ₹ 102.0967

IDCW Daily: ₹ 101.4300

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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 17-Nov-2005
Return Since Launch: 7.92%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 12,404 Cr (As on 30-Jun-2021)
Expense: 1.32% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily22-Jul-20210.0183

 20-Jul-20210.0003
 19-Jul-20210.0335
 16-Jul-20210.0175
 15-Jul-20210.0118
 14-Jul-20210.0147
 12-Jul-20210.0517
 07-Jul-20210.0163
 05-Jul-20210.0232
 02-Jul-20210.0141
 01-Jul-20210.0856
 25-Jun-20210.0321
 24-Jun-20210.0148
 23-Jun-20210.0107
 22-Jun-20210.0199
 21-Jun-20210.0322
 17-Jun-20210.0315
 14-Jun-20210.0398
 11-Jun-20210.0407
 10-Jun-20210.0112
 09-Jun-20210.0136
 08-Jun-20210.0174
 07-Jun-20210.0385
 04-Jun-20210.0049
 03-Jun-20210.0145
IDCW Weekly19-Jul-20210.2067

 12-Jul-20210.0310
 05-Jul-20210.0404
 28-Jun-20210.2101
 21-Jun-20210.0111
 14-Jun-20210.1860
 07-Jun-20210.2587
 31-May-20210.0662
 24-May-20210.1995
 17-May-20210.1932
 10-May-20210.1599
 03-May-20210.1351
 26-Apr-20210.1032
 30-Mar-20210.0007
 01-Mar-20210.0175
 22-Feb-20210.0079
 15-Feb-20210.1074
 11-Jan-20210.1083
 04-Jan-20210.2146
 28-Dec-20200.1952
 21-Dec-20200.1774
 14-Dec-20200.1001
 07-Dec-20200.2205
 01-Dec-20200.2414
 23-Nov-20200.2382
IDCW Fortnightly15-Jul-20210.2003

 30-Jun-20210.2049
 15-Jun-20210.3899
 28-May-20210.4242
 14-May-20210.2735
 30-Apr-20210.1741
 30-Mar-20210.0180
 26-Feb-20210.0082
 15-Feb-20210.0683
 29-Jan-20210.0408
 15-Jan-20210.2561
 30-Dec-20200.4301
 15-Dec-20200.3482
 27-Nov-20200.4607
 17-Nov-20200.3882
 29-Oct-20200.1653
 15-Oct-20200.7303
 30-Sep-20200.3359
 15-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
IDCW Monthly30-Jun-20210.6141

 31-May-20210.6885
 30-Apr-20210.1933
 26-Feb-20210.0770
 29-Jan-20210.2988
 30-Dec-20200.7846
 27-Nov-20200.8558
 29-Oct-20200.9025
 30-Sep-20200.6913
 28-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
IDCW Quarterly24-Jun-20211.2235

 25-Mar-20210.0648
 28-Dec-20202.5187
 21-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
IDCW Others24-Mar-202114.5377

 29-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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DateFriday, 23-Jul-2021
Time12:30 PM - 01:00 PM

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