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Value Research Rating
Analyst’s Choice
Riskometer
Moderate
₹405.9508 0.03%
As on 06-Dec-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
ICICI Prudential Floating Interest Fund
|
|
|
Moderate
|
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1.19 |
|
 |
|
Low to Moderate
|
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0.49 |
||
 |
|
Low to Moderate
|
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0.44 |
||
|
|
Low to Moderate
|
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0.46 |
||
|
|
Low to Moderate
|
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0.28 |
₹8,675 Cr
--
500
--
100
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
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
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 ₹405.9508 as of 09-Dec-2024.
The AUM of ICICI Prudential Floating Interest Fund Fund is ₹8,675 Cr as of 31-Oct-2024
The riskometer level of ICICI Prudential Floating Interest Fund is Moderate. See More
| Company | Percentage of Portfolio |
|---|---|
|
GOI GOI FRB 22/09/2033 |
39.96
|
|
GOI Sec 4.45 30/10/2034 |
11.36
|
|
LIC Housing Finance Ltd Bonds 7.80 22/12/2027 |
4.23
|
|
Muthoot Finance Ltd NCD 8.85 07/12/2026 |
2.89
|
|
Bharti Telecom Ltd SR XVI Debenture 8.90 04/12/2025 |
2.31
|
As of 31-Oct-2024, ICICI Prudential Floating Interest Fund had invested 94.95% in Debt and 5.05% in Cash & Cash Eq. See More
ICICI Prudential Floating Interest Fund is 19 years 0 months old. It has delivered 7.63% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
8.15%
|
6.46%
|
6.63%
|
6.83%
|
7.20%
|
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.
