ICICI Prudential Floating Interest Fund - Growth

(Erstwhile ICICI Prudential Savings Fund - Growth)
Fund House: ICICI Prudential Mutual Fund
Category: Debt: Floater
Launch Date: 17-11-2005
Asset Class: Fixed Income
Benchmark: CRISIL Low Duration Debt
Expense Ratio: 1.28% As on (30-04-2023)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 100.0
Total Assets: 12,315.95 Cr As on (30-04-2023)
Turn over: - | Exit Load: Nil

360.8421

7.59%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
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vs
S&P BSE India Bond Index
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Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme aims to generate income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate return, and also fixed rate instruments and money market instruments.

Current Asset Allocation (%)

Indicators

Standard Deviation 1.7
Sharpe Ratio 1.25
Alpha 3.92
Beta 1.26
Yield to Maturity 8.34
Average Maturity 8.63

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
ICICI Prudential Floating Interest Fund - Growth 17-11-2005 7.07 4.95 5.82 6.66 7.38
HDFC Floating Rate Debt Fund - Growth Option 05-10-2007 6.91 5.14 5.84 6.86 7.61
Aditya Birla Sun Life Floating Rate Fund-Regular Plan-Growth 01-06-2003 6.76 5.17 5.5 6.79 7.68
Aditya Birla Sun Life Floating Rate Fund-Retail Plan-Growth 01-06-2003 6.76 5.17 5.5 6.79 7.65
Axis Floater Fund - Regular Plan - Growth 26-07-2021 6.73 - - - -
DSP Floater Fund - Regular Plan - Growth 16-03-2021 6.6 4.49 - - -
Nippon India Floating Rate Fund - Growth Plan-Growth Option 27-08-2004 6.59 4.71 5.7 7.12 7.39
Kotak Floating Rate Fund-Regular Plan-Growth Option 05-05-2019 6.45 4.56 6.0 - -
SBI Floating Rate Debt Fund - Regular Plan - Growth 27-10-2020 6.34 4.91 - - -
Franklin India Floating Rate Fund - Growth Plan 23-04-2001 6.32 4.56 4.76 5.6 6.0

Scheme Characteristics

Minimum investment in floating rate instruments - 65% of total assets.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

99.98%

Tax Benefits of investing in this fund

Capital gains will be deemed as short-term capital gains (STCG) for units acquired on or after April 1, 2023 and will be taxed at the applicable income tax slab rate**.

Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.

** Capital gains on sale of units acquired on or before March 31, 2023 & redeemed on or after April 1, 2023 will be taxed as below:

Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months.

In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months.

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