ICICI Prudential Floating Interest Fund

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Value Research Rating

2 star

Analyst’s Choice

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Riskometer

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Low to Moderate

₹401.8276

As on 11-Oct-2024

Returns

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Calculate SIP Returns of ICICI Prudential Floating Interest Fund

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Low to Moderate risk.

Low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of ICICI Prudential Floating Interest Fund

Asset Allocation

Split between different types of investments

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Credit Rating Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of ICICI Prudential Floating Interest Fund

Assets info

₹8,822 Cr

Exit Load (Days) info

--

Min. Investment (₹)

500

Min. Withdrawal (₹)

--

Min. SIP Investment (₹)

100

Min. No of Cheques

6

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.

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."

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • If investment is made before 1 April 2023:
    • Sold within 2 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate.
    • Sold after 2 years from the date of investment: Gains are taxed at the rate of 12.5%.
  • No tax is to be paid as long as you continue to hold the units.

Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.

Dividend Taxation

  • 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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FAQ for ICICI Prudential Floating Interest Fund

ICICI Prudential Floating Interest Fund is mandated to invest at least 65 per cent of its assets in bonds carrying a floating rate of interest.

Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Floating Interest Fund fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of ICICI Prudential Floating Interest Fund is ₹401.8276 as of 11-Oct-2024.

The AUM of ICICI Prudential Floating Interest Fund Fund is ₹8,822 Cr as of 30-Sep-2024

The riskometer level of ICICI Prudential Floating Interest Fund is Low to Moderate. See More

Company Percentage of Portfolio

GOI GOI FRB 22/09/2033

42.21

GOI Sec 4.45 30/10/2034

11.14

LIC Housing Finance Ltd Bonds 7.80 22/12/2027

4.15

Muthoot Finance Ltd NCD 8.85 07/12/2026

2.84

Bharti Telecom Ltd SR XVI Debenture 8.90 04/12/2025

2.28
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As of 30-Sep-2024, ICICI Prudential Floating Interest Fund had invested 96.39% in Debt and 3.61% in Cash & Cash Eq. See More

ICICI Prudential Floating Interest Fund is 18 years 11 months old. It has delivered 7.63% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
8.09%
6.09%
6.72%
6.78%
7.24%
7.63%

No, There is no lock in period in ICICI Prudential Floating Interest Fund.

The expense ratio of ICICI Prudential Floating Interest Fund is 1.19.