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
0.07 (0.0191%)
7.59%
Benchmark: 8.83%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
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
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.
