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: 1.4% As on (31-03-2021)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 100.0
Total Assets: 12,480.53 Cr As on (30-04-2021)
Turn over: - | Exit Load: Nil

326.6002

7.93%

PERFORMANCE

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

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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

Volatility 0.69
Sharp Ratio 7.29
Alpha 0.47
Beta 1.11
Yield to Maturity 5.46
Average Maturity 5.05

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 8.31 7.9 7.81 7.54 8.3
KOTAK FLOATING RATE FUND-REGULAR PLAN-GROWTH OPTION 05-05-2019 9.18 7.98 - - -
Nippon India Floating Rate Fund - Growth Plan-Growth Option 27-08-2004 8.29 9.02 8.76 7.78 8.4
HDFC Floating Rate Debt Fund - Growth Option 05-10-2007 7.84 7.95 8.06 7.75 8.49
Aditya Birla Sun Life Floating Rate Fund-Regular Plan-Growth 01-06-2003 6.77 7.61 7.93 7.76 8.65
Aditya Birla Sun Life Floating Rate Fund-Retail Plan-Growth 01-06-2003 6.77 7.61 7.93 7.76 8.6
Franklin India Floating Rate Fund - Growth Plan 23-04-2001 5.6 6.08 6.37 6.23 6.53
UTI - Floater Fund - Regular Plan - Growth Option 07-10-2018 5.35 6.69 - - -

Scheme Characteristics

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

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

99.97%

Tax Benefits of investing in this fund

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

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

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @29.12% ( 25% + 12% surcharge + 4% Health & education cess) for Individuals and @ 34.944% ( 30% + 12% surcharge + 4% Health & education cess) for any other person **

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.

** The DDT is to be paid by the mutual fund

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