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Unrated

ICICI Prudential Floating Interest Fund


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.08 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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(₹)
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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 0.81 0.01 0.14 0.52 0.52 2.12 8.23 7.71 7.52 7.82 8.29
CCIL T Bill Liquidity Weight 0.69 0.01 0.02 0.17 0.49 0.94 2.22 3.62 3.84 4.29 4.65
Debt: Floater 1.09 -0.01 0.09 0.60 1.20 2.03 7.34 7.70 7.40 7.69 8.06
Rank within category 8 4 2 6 8 3 3 4 4 4 4
Number of funds in category 8 10 10 10 8 8 7 5 5 5 5

As on 14-May-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 8.23 7.71 7.52 1.40 12,481
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 7.85 7.99 7.74 0.48 17,286
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 6.81 7.88 7.77 0.37 15,239
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 6.81 7.88 7.77 0.28 15,239
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 8.34 8.62 7.78 0.57 14,207

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 7.43 1.41 2.17 3.58 0.05 3.09
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Debt: Floater 7.44 1.23 2.53 3.87 0.64 3.58
Rank within category 4 4 5 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 30-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 135 135 86 94
Modified Duration (yrs) 0.82 1.51 0.54 1.34
Average Maturity (yrs) 5.05 5.05 1.40 2.38
Yield to Maturity (%) 5.46 8.48 5.00 4.79
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 GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 33.74 33.74
equal 6.51% GOI 2024 GOI Securities SOV 0.00 - 5.74 5.23
down 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 7.18 4.03
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.61 - 5.74 2.94
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 Additional Tier 2 Bond AAA 1.90 - 4.68 2.12
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA- 0.00 - 2.24 2.01
equal SRF 16/09/2022 Non Convertible Debenture AA+ 0.00 - 2.54 2.00
equal GOI 2031 GOI Securities SOV 0.00 - 1.88 1.88
equal 5.93% Rajasthan State 2025 State Development Loan SOV 0.00 - 1.57 1.57
equal 6.58% Gujarat State 31/03/2027 State Development Loan SOV 0.00 - 1.37 1.37
equal 6.43% Godrej Industries 26/04/2024 Non Convertible Debenture AA 0.00 - 1.50 1.31
equal 6.18% Gujarat State 31/03/2026 State Development Loan SOV 0.00 - 1.27 1.27
equal 7.27% GOI 2026 GOI Securities SOV 0.48 - 2.07 1.26
equal Muthoot Finance 2021 Non Convertible Debenture AA+ 0.00 - 1.22 1.22
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 1.96 1.21
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.19 1.19
equal Tata Teleservices 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.15 1.15
equal 10.99% Union Bank of India Additional Tier 1 Bond AA- 0.00 - 1.13 1.13
equal 8.76% TMF Holdings Non Convertible Debenture AA- 0.42 - 0.90 1.13
down 7.73% State Bank of India Additional Tier 1 Bond AA+ 0.00 - 1.76 1.04
equal 7.85% Oberoi Realty 2025 Floating Rate Debenture AA+ 0.00 - 1.31 1.01
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 0.82 - 1.82 0.91
equal Reliance Industries 21/09/2023 Debenture AAA 0.75 - 1.77 0.84
equal 9.37% State Bank of India Additional Tier 1 Bond AA+ 0.77 - 1.40 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-Apr-2021

*As on 31-Mar-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:


0.01%

Change from previous, NAV as on 14-May-2021

Growth: ₹ 326.1400

IDCW Weekly: ₹ 101.9385

More

IDCW Quarterly: ₹ 104.9431

IDCW Others: ₹ 150.0839

IDCW Monthly: ₹ 102.7765

IDCW Fortnightly: ₹ 101.8895

IDCW Daily: ₹ 100.8760


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: 7.93%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 12,481 Cr (As on 30-Apr-2021)
Expense: 1.40% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-May-20210.0343

 11-May-20210.0211
 10-May-20210.0873
 07-May-20210.0243
 06-May-20210.0175
 05-May-20210.0225
 03-May-20210.0635
 30-Apr-20210.0320
 29-Apr-20210.0086
 27-Apr-20210.0296
 26-Apr-20210.0497
 08-Apr-20210.0345
 07-Apr-20210.0080
 06-Apr-20210.0391
 05-Apr-20210.0041
 30-Mar-20210.0402
 25-Mar-20210.0104
 24-Mar-20210.1031
 23-Mar-20210.0601
 04-Mar-20210.0118
 03-Mar-20210.0121
 02-Mar-20210.0066
 01-Mar-20210.0704
 24-Feb-20210.1192
 16-Feb-20210.0135
IDCW Fortnightly14-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
 29-May-20200.9782
 15-May-20200.5211
 27-Feb-20200.1028
 14-Feb-20200.4774
IDCW Weekly10-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
 17-Nov-20200.1535
 09-Nov-20200.1923
 02-Nov-20200.0411
 26-Oct-20200.1826
 19-Oct-20200.1410
 12-Oct-20200.4075
 05-Oct-20200.2799
 28-Sep-20200.0682
 21-Sep-20200.0645
 07-Sep-20200.2371
IDCW Monthly30-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
 27-Feb-20190.2636
 30-Jan-20190.5646
IDCW Quarterly25-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
 26-Mar-20151.4003
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

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over