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Unrated

ICICI Prudential Floating Interest Fund


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 1.43 0.02 0.09 0.97 2.11 4.56 8.91 7.29 7.81 8.21 8.25
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 4.15 4.15 4.46 4.78 4.71
Debt: Floater 1.38 0.02 0.10 1.01 2.00 3.97 8.70 7.35 7.70 8.02 7.95
Rank within category 3 4 5 3 3 1 2 4 3 3 3
Number of funds in category 7 7 7 7 7 7 6 5 5 5 4

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.50 (09-Nov-2016 - 16-Nov-2016) -0.36 (01-Dec-2016 - 08-Dec-2016)
Month 1.33 (30-Aug-2013 - 01-Oct-2013) -0.24 (17-Apr-2018 - 17-May-2018)
Quarter 2.87 (24-Jul-2013 - 23-Oct-2013) 0.81 (06-Nov-2017 - 05-Feb-2018)
Year 9.97 (24-Jul-2013 - 24-Jul-2014) 4.70 (28-May-2009 - 28-May-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.94 0.82 1.56 2.56 1.69 3.99
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Floater 6.94 0.84 1.77 3.34 1.88 4.30
Rank within category 3 3 4 4 2 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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 95 115 57 82
Modified Duration (yrs) 0.98 1.06 0.52 1.16
Average Maturity (yrs) 1.20 1.31 0.66 1.51
Yield to Maturity (%) 7.75 9.37 7.72 6.88

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bahadur Chand Investments 17/06/2020 Debenture AA 4.53 - 10.77 4.53
equal 8.25% Bharti Airtel 20/04/2020 Non Convertible Debenture AA 4.30 - 5.72 4.30
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 4.46 3.98
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 3.63 3.18
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA 3.07 - 4.06 3.07
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 3.84 2.80
equal 7.45% United Spirits 28/12/2020 Debenture AA+ 2.21 - 2.92 2.21
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 2.14 2.11
equal 9.14% Zydus Wellness 16/01/2023 Debenture AA+ 1.59 - 2.57 1.97
equal Geetanjali Trading &Invest. Co 29/06/2020 Zero Coupon Bonds AAA 1.93 - 2.39 1.93
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 2.15 1.87
equal Muthoot Finance 2021 Non Convertible Debenture AA 0.00 - 2.11 1.86
equal 9.14% Zydus Wellness 14/01/2022 Debenture AA+ 1.45 - 2.33 1.78
new Axis Bank 23/09/2020 Certificate of Deposit A1+ 0.00 - 1.78 1.78
equal 9.14% Zydus Wellness 16/01/2024 Debenture AA+ 1.59 - 2.24 1.73
equal Adarsh Advisory Services Pvt. 2021 Zero Coupon Bonds A 1.68 - 2.06 1.68
equal KKR India Financial Services 2020 Structured Obligation AA 0.00 - 1.72 1.61
equal 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 3.31 1.57
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 1.65 1.53
equal KKR India Financial Services 2020 Debenture AA 0.00 - 1.53 1.44
equal Tata Realty and Infrastructure 18/11/2022 Zero Coupon Bonds AA 0.00 - 1.26 1.26
equal Alembic Pharmaceuticals 26/11/2021 Non Convertible Debenture AA+ 1.25 - 1.67 1.25
equal 8.84% Tata Power 21/11/2022 Non Convertible Debenture AA 0.00 - 1.27 1.25
equal Samvardhana Motherson international 15/03/2020 Zero Coupon Bonds AA 1.24 - 1.54 1.24
equal 9.45% Vedanta 17/08/2020 Debenture AA 1.24 - 1.66 1.24

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-Jan-2020

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:


0.02%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 299.7499

Dividend Weekly: ₹ 101.3478

More

Dividend Quarterly: ₹ 105.1177

Dividend Others: ₹ 151.3580

Dividend Monthly: ₹ 103.1750

Dividend Fortnightly: ₹ 101.3225

Dividend Daily: ₹ 101.4945

Bonus: ₹ 151.3964


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 (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 17-Nov-2005
Return Since Launch: 8.00%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 8,126 Cr (As on 31-Jan-2020)
Expense: 1.30% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily20-Feb-20200.0490

 17-Feb-20200.0416
 14-Feb-20200.0144
 13-Feb-20200.0388
 12-Feb-20200.0200
 11-Feb-20200.0172
 10-Feb-20200.0403
 07-Feb-20200.0216
 06-Feb-20200.0202
 05-Feb-20200.0140
 04-Feb-20200.0141
 03-Feb-20200.0402
 31-Jan-20200.0140
 29-Jan-20200.0142
 28-Jan-20200.0128
 27-Jan-20200.0408
 23-Jan-20200.0126
 22-Jan-20200.0154
 21-Jan-20200.0093
 20-Jan-20200.0426
 17-Jan-20200.0078
 16-Jan-20200.0138
 15-Jan-20200.0238
 13-Jan-20200.0576
 09-Jan-20200.0168
Dividend Weekly17-Feb-20200.1261

 10-Feb-20200.2884
 03-Feb-20200.1368
 27-Jan-20200.1498
 20-Jan-20200.0840
 13-Jan-20200.1175
 06-Jan-20200.1454
 30-Dec-20190.0728
 23-Dec-20190.1703
 16-Dec-20190.0100
 02-Dec-20190.1418
 25-Nov-20190.1047
 18-Nov-20190.2116
 11-Nov-20190.0211
 04-Nov-20190.1950
 29-Oct-20190.1329
 22-Oct-20190.2195
 14-Oct-20190.1460
 07-Oct-20190.1723
 30-Sep-20190.0668
 16-Sep-20190.1107
 09-Sep-20190.1201
 03-Sep-20190.1645
 26-Aug-20190.1660
 19-Aug-20190.0488
Dividend Fortnightly14-Feb-20200.4774

 30-Jan-20200.2645
 15-Jan-20200.2683
 30-Dec-20190.2431
 16-Dec-20190.0822
 28-Nov-20190.2295
 15-Nov-20190.3726
 29-Oct-20190.2800
 15-Oct-20190.4578
 16-Sep-20190.3411
 29-Aug-20190.2693
 16-Aug-20190.2213
 30-Jul-20190.1943
 15-Jul-20190.4998
 27-Jun-20190.1442
 14-Jun-20190.1856
 30-May-20190.3382
 15-May-20190.2322
 30-Apr-20190.1037
 15-Apr-20190.3366
 28-Mar-20190.2119
 15-Mar-20190.3916
 27-Feb-20190.0841
 15-Feb-20190.1761
 30-Jan-20190.1836
Dividend Monthly30-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
 28-Dec-20180.6583
 22-Nov-20180.4120
 24-Oct-20180.4218
 24-Sep-20180.1817
 24-Aug-20180.4395
 27-Jul-20180.4876
 27-Jun-20180.4072
 30-May-20180.2510
 26-Apr-20180.2972
 23-Mar-20180.4941
 23-Feb-20180.3369
 30-Jan-20180.3216
Dividend Quarterly26-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
 26-Dec-20141.4658
 30-Sep-20141.4487
 30-Jun-20141.7040
 28-Mar-20141.4475
 31-Dec-20130.5978
Dividend Others29-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: 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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