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Unrated

ICICI Prudential Floating Interest Fund download report


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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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(₹)
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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
ICICI Pru Floating Interest-G 1.23 -0.08 0.34 0.75 0.77 1.22 1.93 5.86 6.19 6.82 7.47
CCIL T Bill Liquidity Weight 1.26 0.01 0.04 0.24 0.72 0.96 1.99 2.58 3.26 3.62 4.20
Debt: Floater 1.98 -0.02 0.19 0.60 1.28 1.56 3.00 5.72 6.27 6.76 7.33
Rank within category 11 11 1 2 12 10 12 5 4 4 4
Number of funds in category 12 12 12 12 12 12 12 7 5 5 5

As on 18-Aug-2022

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 1.93 5.86 6.19 1.30 11,895
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 3.23 6.08 6.61 0.48 16,111
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 3.56 5.87 6.56 0.46 12,762
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 3.56 5.87 6.56 0.28 12,762
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 2.78 6.52 6.49 0.61 10,643

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 -0.67 30-Mar-2022 - 29-Jun-2022
Year 10.19 24-Mar-2020 - 25-Mar-2021 1.50 28-Jun-2021 - 28-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
ICICI Pru Floating Interest-G 5.65 1.71 1.26 2.38 0.64 2.73
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Floater 5.57 1.47 1.45 2.74 1.18 3.14
Rank within category 5 5 4 5 2 5
Number of funds in category 7 7 7 7 7 7

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 64 97 57 64
Modified Duration (yrs) 0.59 1.59 0.59 1.07
Average Maturity (yrs) 9.19 9.19 6.59 2.25
Yield to Maturity (%) 6.33 6.44 5.08 6.62
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 35.42 - 49.91 49.91
equal GOI 2028 GOI Securities SOV 0.00 - 12.21 12.21
equal 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 10.81 10.81
equal 6.65% Samvardhana Motherson International 14/09/2023 Non Convertible Debenture AAA 1.60 - 2.24 1.67
equal 6.43% Godrej Industries 26/04/2024 Non Convertible Debenture AA 1.02 - 1.36 1.36
equal 8.76% TMF Holdings Non Convertible Debenture AA- 0.37 - 0.69 1.19
equal Tata Capital Financial Services 2024 Non Convertible Debenture AAA 0.87 - 1.19 1.19
equal 7.73% State Bank of India Additional Tier 1 Bond AA+ 0.82 - 1.09 1.09
equal 6.25% Embassy Office Parks REIT 18/10/2024 Debenture AAA 0.00 - 1.06 1.02
new 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 3.93 1.00
equal 9.37% State Bank of India Additional Tier 1 Bond AA+ 0.65 - 0.86 0.86
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 0.63 - 0.85 0.85
equal Aditya Birla Finance 21/01/2025 Non Convertible Debenture AAA 0.00 - 0.84 0.84
equal Angel One 91-D 30/08/2022 Commercial Paper A1+ 0.00 - 0.84 0.84
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.59 - 0.78 0.78
down 9.56% State Bank of India Additional Tier 1 Bond AA+ 0.62 - 0.74 0.67
equal 8.75% State Bank of India Additional Tier 1 Bond AA+ 0.48 - 0.64 0.64
equal Varanasi Sangam Expressway 29/12/2034 Non Convertible Debenture AAA 0.48 - 0.64 0.64
equal Aditya Birla Finance 2023 Non Convertible Debenture AAA 0.44 - 0.59 0.59
equal Aditya Birla Finance 16/03/2023 Non Convertible Debenture AAA 0.38 - 0.51 0.51
equal TMF Holdings 18/11/2024 Debenture AA- 0.00 - 0.47 0.47
equal Cholamandalam Investment & Finance Company 30/07/2024 Non Convertible Debenture AA+ 0.34 - 0.47 0.47
equal Sundaram Home Finance 27/09/2024 Non Convertible Debenture AAA 0.00 - 0.46 0.46
equal Tata Motors Finance 31/05/2024 Debenture AA- 0.31 - 0.43 0.43
equal Sattva Holding And Trading 26/08/2026 Zero Coupon Bonds AA+ 0.31 - 0.43 0.43

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-Jul-2022

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:


-0.08%

Change from previous, NAV as on 18-Aug-2022

Growth: ₹ 339.9226

IDCW Weekly: ₹ 101.9289

More

IDCW Quarterly: ₹ 105.7251

IDCW Others: ₹ 150.0506

IDCW Monthly: ₹ 103.0763

IDCW Fortnightly: ₹ 102.2330

IDCW Daily: ₹ 100.7941


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

Min. Investment (₹) 500
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 100
Min. No of Cheques 6
Min. Withdrawal (₹) --
Min. 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: 7.57%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 11,895 Cr (As on 31-Jul-2022)
Expense Ratio: 1.30% (As on 30-Jun-2022)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Aug-20220.2961

 12-Aug-20220.1298
 11-Aug-20220.1284
 10-Aug-20220.0509
 28-Jul-20220.1043
 02-May-20220.0111
 26-Apr-20220.0412
 25-Apr-20220.0723
 22-Apr-20220.0190
 18-Apr-20220.0005
 31-Mar-20220.1374
 30-Mar-20220.0497
 29-Mar-20220.0074
 14-Feb-20220.0265
 11-Feb-20220.0055
 31-Jan-20220.0324
 21-Jan-20220.0511
 20-Jan-20220.0421
 19-Jan-20220.0320
 18-Jan-20220.0438
 14-Jan-20220.0057
 13-Jan-20220.0256
 12-Jan-20220.0008
 11-Jan-20220.0030
 31-Dec-20210.0393
IDCW Weekly17-Aug-20220.6382

 01-Aug-20220.0807
 02-May-20220.0529
 25-Apr-20220.0923
 18-Apr-20220.0709
 11-Apr-20220.0390
 04-Apr-20220.0875
 14-Feb-20220.0324
 31-Jan-20220.0010
 22-Nov-20210.0555
 25-Oct-20210.0412
 11-Oct-20210.0823
 04-Oct-20210.1759
 27-Sep-20210.0160
 20-Sep-20210.1125
 13-Sep-20210.0638
 06-Sep-20210.0699
 30-Aug-20210.1383
 23-Aug-20210.1497
 17-Aug-20210.2337
 09-Aug-20210.2356
 02-Aug-20210.2013
 26-Jul-20210.1613
 19-Jul-20210.2067
 12-Jul-20210.0310
IDCW Fortnightly12-Aug-20220.3550

 29-Jul-20220.0930
 29-Apr-20220.2150
 13-Apr-20220.0406
 30-Mar-20220.1019
 15-Feb-20220.0233
 30-Nov-20210.0412
 15-Nov-20210.0606
 14-Oct-20210.0979
 30-Sep-20210.2044
 15-Sep-20210.1794
 30-Aug-20210.3522
 13-Aug-20210.5078
 30-Jul-20210.3917
 15-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
IDCW Monthly29-Jul-20220.0934

 29-Apr-20220.1170
 31-Mar-20220.2304
 31-Jan-20220.0350
 30-Nov-20210.1878
 29-Oct-20210.0130
 30-Sep-20210.3757
 31-Aug-20211.0056
 30-Jul-20210.5964
 30-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
IDCW Quarterly22-Jun-20220.0352

 28-Mar-20220.1146
 23-Dec-20210.3930
 23-Sep-20211.8169
 24-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
IDCW Others16-Mar-20226.3000

 24-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

Fax: 022-26528100

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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