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Unrated

ICICI Prudential Retirement Fund - Pure Debt Plan


Analyst's Choice?

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

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 0.49 0.11 0.40 0.62 1.92 4.09 -- -- -- -- --
VR Bond 0.33 0.05 0.21 0.41 1.39 1.73 -- -- -- -- --
Debt: Medium Duration 0.28 0.10 0.27 0.41 1.02 2.49 -- -- -- -- --
Rank within category 11 4 3 10 7 7 -- -- -- -- --
Number of funds in category 18 19 19 17 17 17 16 15 12 9 8

As on 23-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.97 (16-Dec-2019 - 23-Dec-2019) -0.88 (04-Dec-2019 - 11-Dec-2019)
Month 2.16 (17-May-2019 - 18-Jun-2019) -0.31 (15-Nov-2019 - 16-Dec-2019)
Quarter 4.54 (09-May-2019 - 08-Aug-2019) 1.03 (13-Sep-2019 - 13-Dec-2019)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.11 2.14 0.33 -- -- --
Debt: Medium Duration* 5.31 3.10 0.11 0.41 0.57 -0.63
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 30 1 48
Modified Duration (yrs) 3.74 3.74 2.19 3.02
Average Maturity (yrs) 5.44 5.44 2.87 4.28
Yield to Maturity (%) 8.29 8.88 8.01 9.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 25.22 25.22
equal Embassy Office Parks REIT 2022 Zero Coupon Bonds AAA 0.00 - 5.36 5.25
equal 9.15% ICICI Bank Debenture AA+ 0.00 - 9.40 3.72
equal 8.41% HUDCO 15/03/2029 Debenture AAA 0.00 - 9.27 3.70
equal TMF Holdings 28/03/2022 Zero Coupon Bonds AA- 0.00 - 5.30 3.56
equal 8.75% Axis Bank Bonds/Debentures AA+ 0.00 - 8.91 3.49
equal 11.50% Sterlite Power Grid Ventures 28/03/2022 Non Convertible Debenture A+ 0.00 - 9.12 3.45
equal Tata Realty and Infrastructure 17/08/2020 Debenture AA 0.00 - 6.25 3.26
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 3.68 3.19
equal 9.75% Jamnagar Utilities and Power 2024 Debenture AAA 0.00 - 7.03 3.04
equal 8.44% REC 2021 Bonds AAA 0.00 - 5.22 2.97
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 0.00 - 6.91 2.97
equal 8.66% NUVOCO Vistas Corp. 14/09/2021 Debenture AA 0.00 - 5.74 2.90
equal 10.55% JMC Projects (I) 21/10/2022 Non Convertible Debenture A+ 0.00 - 3.29 2.87
equal 7.65% Jamnagar Utilities and Power 29/08/2022 Non Convertible Debenture AAA 0.00 - 3.26 2.86
equal 8.25% EID-Parry (I) 27/04/2021 Debenture AA- 0.00 - 5.67 2.86
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 5.20 2.47
equal State Bank of India 2056 Debenture AA+ 0.00 - 6.28 2.46
equal PVR 2021 Debenture AA- 0.00 - 4.72 2.36
equal TMF Holdings 2022 Debenture AA- 0.00 - 2.09 2.05
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 1.55 1.49
equal 8.75% LIC Housing Fin. 2021 Debenture AAA 0.00 - 1.69 1.47
equal 8.03% Power Finance Corp. 2026 Bonds AAA 0.00 - 3.21 1.47
equal 9.70% Great Eastern Shipping Co. 25/04/2021 Debenture AA+ 0.00 - 1.68 1.46
equal Tata Power 21/02/2025 Non Convertible Debenture AA 0.00 - 1.49 1.46

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-Dec-2019

Fund Manager

— Anuj Tagra since 07-Feb-2019

Education: Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies

Experience: Prior to joining ICICI Prudential AMC he has worked with Union Bank of India and Fidelity Investments.

Funds Managed:

— Ashwin Jain since 07-Feb-2019

Education: Mr. Jain is a B.E. and PGDM.

Experience: Prior to joining ICICI Prudential Asset Management Co. Ltd. in 2010 he has worked with HCL Technologies, Irevana and Merill Lynch.

Funds Managed:

— Manish Banthia since 07-Feb-2019

Education: Mr. Banthia is B.Com, CA and MBA

Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.

Funds Managed:

— Mrinal Singh since 07-Feb-2019

Education: Mr. Singh is B.E (Mechanical) and PGDM from SPJIMR Mumbai.

Experience: He has been associated with ICICI Prudential AMC since June 2008.

Interviews:

Funds Managed:


0.11%

Change from previous, NAV as on 23-Jan-2020

Growth: ₹ 10.9670

Dividend: ₹ 10.9671


Investment Strategy

The scheme seeks to generate income through investing in a range of debt and money market instruments of various duration while maintaining the optimum balance of yield, safety and liquidity.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 27-Feb-2019
Return Since Launch: 9.67%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 346 Cr (As on 31-Dec-2019)
Expense: 2.07% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM