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ICICI Prudential Bond Fund


1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Analyst's Choice?

Suitability:

Medium to Long Duration debt funds invest in bonds maturing in 4 to 7 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 Aggressive Hybrid funds or Large Cap Equity funds, which invest predominantly in shares, are more suitable alternatives for an investment horizon of 5 years or more because of their ability to earn much higher returns. They witness more severe ups and downs than Medium to Long Duration funds but the possibility of incurring a loss is substantially reduced if you invest for 5 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 2.32 -0.17 -0.03 1.68 2.38 5.12 12.66 7.68 8.04 8.57 8.34
VR Bond 1.91 -0.10 0.15 1.45 2.35 3.16 9.24 7.04 7.17 7.55 7.43
Debt: Medium to Long Duration 1.88 -0.06 0.16 1.71 2.02 3.20 9.57 6.16 6.69 7.41 7.64
Rank within category 10 14 14 12 8 2 5 3 3 2 3
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.13 (11-Dec-2008 - 18-Dec-2008) -13.25 (02-Jan-2009 - 09-Jan-2009)
Month 15.55 (03-Dec-2008 - 02-Jan-2009) -7.71 (02-Jan-2009 - 03-Feb-2009)
Quarter 18.95 (03-Oct-2008 - 02-Jan-2009) -9.95 (20-May-2013 - 19-Aug-2013)
Year 27.71 (26-Nov-2008 - 26-Nov-2009) 0.83 (15-May-2013 - 15-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.57 2.73 0.33 0.56 1.08 0.51
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Medium to Long Duration 4.91 3.55 -0.06 0.05 1.27 -1.22
Rank within category 3 3 3 3 5 3
Number of funds in category 14 14 14 14 14 14

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 73 73 58 21
Modified Duration (yrs) 3.82 3.83 2.60 5.09
Average Maturity (yrs) 5.26 5.26 3.48 7.31
Yield to Maturity (%) 7.29 8.31 7.17 7.19

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.41% HUDCO 15/03/2029 Debenture AAA 0.00 - 8.73 6.94
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 5.69 5.65
equal 9.35% REC 15/06/2022 Bonds AAA 5.53 - 6.31 5.55
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 4.69 4.60
equal 9.15% Axis Bank 31/12/2022 Debenture AAA 4.48 - 5.11 4.51
equal 7.75% LIC Housing Fin. 23/07/2024 Debenture AAA 0.00 - 4.58 4.46
equal 8.24% MTNL 19/11/2024 Bonds AAA 4.26 - 4.85 4.33
equal 7.60% ICICI Bank 2023 Bonds AAA 3.96 - 7.23 3.96
up 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 3.45 3.45
down 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 3.32 - 4.56 3.32
equal 8.29% State Bank of India 22/01/2025 Debenture AAA 3.02 - 3.42 3.08
equal 9.70% Tata Sons 25/07/2022 Debenture AAA 3.01 - 3.45 3.01
equal 9.36% Power Finance Corp. 2021 Bonds AAA 2.54 - 4.67 2.54
equal 8.50% National Bank Agr. Rur. Devp 27/02/2029 Non Convertible Debenture AAA 1.74 - 2.82 2.54
equal 8.29% MTNL 25/11/2024 Bonds AAA 2.13 - 2.43 2.17
up 7.55% IRFC 2029 Debenture AAA 0.00 - 2.07 2.07
equal 7.50% HDFC 2020 Debenture AAA 1.79 - 2.05 1.79
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 1.77 1.76
equal 9.29% Power Finance Corp. 21/08/2022 Bonds AAA 1.75 - 2.03 1.75
equal 9.38% MTNL 2023 Bonds AAA 1.59 - 1.81 1.60
equal 8.85% REC 16/04/2029 Non Convertible Debenture AAA 0.00 - 1.58 1.56
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 1.58 1.54
equal Reliance Jio Infocomm 16/04/2023 Non Convertible Debenture AAA 1.47 - 1.67 1.52
equal 7.93% Power Finance Corp. 31/12/2029 Non Convertible Debenture AAA 0.00 - 1.49 1.48
equal 9.70% Tata Sons 16/08/2022 Debenture AAA 1.38 - 1.58 1.38

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

— Manish Banthia since 16-Sep-2013

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:


-0.17%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 28.4338

Dividend Quarterly: ₹ 10.9366

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Dividend Monthly: ₹ 11.3182

Dividend Half Yearly: ₹ 11.4144


Investment Strategy

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

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 1% for redemption within 180 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 18-Aug-2008
Return Since Launch: 9.48%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,374 Cr (As on 31-Jan-2020)
Expense: 1.08% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly27-Feb-20200.1567

 30-Jan-20200.0346
 30-Dec-20190.0359
 28-Nov-20190.1008
 29-Oct-20190.1076
 27-Sep-20190.0326
 29-Aug-20190.0674
 30-Jul-20190.1483
 27-Jun-20190.0675
 28-May-20190.1439
 26-Apr-20190.0350
 26-Mar-20190.1264
 26-Feb-20190.0327
 28-Jan-20190.0349
 28-Dec-20180.1081
 26-Nov-20180.0697
 26-Oct-20180.0295
 27-Aug-20180.0387
 27-Jul-20180.0636
 26-Jun-20180.0015
 23-Mar-20180.0066
 26-Oct-20170.0316
 28-Sep-20170.0130
 30-Aug-20170.0347
 31-Jul-20170.0867
Dividend Quarterly24-Feb-20200.2473

 18-Nov-20190.1744
 16-Aug-20190.3532
 16-May-20190.1431
 15-Feb-20190.1834
 15-Nov-20180.0695
 16-Aug-20180.1580
 17-May-20180.0034
 23-Nov-20170.0191
 23-Aug-20170.2292
 23-May-20170.0620
 22-Nov-20160.2538
 22-Aug-20160.3320
 20-May-20160.2979
 23-Feb-20160.0168
 26-Nov-20150.1894
 26-Aug-20150.1530
 26-May-20150.0745
 26-Feb-20150.2334
 27-Nov-20140.3253
 24-Sep-20140.0574
 27-Aug-20140.1492
 28-May-20140.3119
 28-Feb-20140.1138
 28-Nov-20130.1420
Dividend Half Yearly26-Sep-20190.4429

 28-Mar-20190.4330
 26-Sep-20180.0707
 26-Mar-20180.0256
 25-Sep-20170.3897
 23-Mar-20170.1374
 28-Sep-20160.3175
 23-Mar-20160.1435
 16-Sep-20150.0656

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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