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  • Mutual Funds
  • ICICI Prudential Asset Management Company Limited
  • ICICI Prudential Corporate Bond Fund (Dividend Payout - Monthly)

Formerly ICICI Pru Ultra Short Term Mn DP

ICICI Prudential Corporate Bond Fund (Dividend Payout - Monthly)

ICICI Prudential Corporate Bond Fund (Dividend Payout - Monthly)

DebtCorporate Bond

Top Ranked

10.3597

NAV (Mar 04)

Scripbox Opinion

Top Ranked

These are the top-ranked funds within corporate bond mutual funds.However, Scripbox does not recommend investing in corporate bond mutual funds.Corporate Bond Funds are mandated to invest a minimum of 80% of total assets in Corporate Bonds of the highest ratings.The category is one of the largest categories within the Debt Segment(9 % of total debt funds assets).We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

12 Years. The Fund has Sufficient history for analysis and the track record is good.

Relative Size

21,156 Cr. Category leader in size

Impact of Interest Rate Changes

High Interest Rate Risk. The impact on fund value is high when interest rates change

Credit Quality Of Fund's Portfolio

Low Credit Risk. The fund has a high credit quality compared to other debt funds

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Short Term Money

Short Term Money

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    Historical growth rate of 6.5% per annum
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    Recommended Duration 1 - 5 years
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    No Lock-in
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    Expert Investing Only, Car, Down Payment

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Scheme Information

Investment Objective

To generate income through investing predominantly in AA+ and above rated corporate bonds while maintaining the optimum balance of yield,safety and liquidity. However,there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

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Moderate Risk

0.59 %

Expense Ratio

Jul 24, 2009

Launched (12y ago)

₹ 21,156

AUM in Crores

INF109K01SK0

ISIN

No Lock-in

Lock-in

Crisil AAA Short Term Bond Index TR INR

Benchmark

₹ 0

SIP Minimum

₹ 5,000

Lumpsum Min.

Fund Managers
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Anuj Tagra

Fund Manager

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Chandni Gupta

Fund Manager

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Rahul Goswami

Fund Manager

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Rohan Maru

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
EPF70% ₹ 900,761 ₹ 168,1498.50%
Property70% ₹ 867,662 ₹ 135,0507.00%
PPF70% ₹ 869,819 ₹ 137,2077.10%
Bank FD70% ₹ 846,471 ₹ 113,8596.00%
Gold70% ₹ 846,471 ₹ 113,8596.00%
Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

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Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Inflation beating returns
    Inflation beating returns
  • Expert Investing Only, Car, Down Payment
    Expert Investing Only, Car, Down Payment
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Debt Funds

Kotak Savings Fund (G)

Kotak Savings Fund (G)

Ultra Short

Recommended

Top Ranked

17 Years

Age

5

Track Record

SBI Magnum Ultra Short Duration Fund (G)

SBI Magnum Ultra Short Duration Fund (G)

Ultra Short

Recommended

Top Ranked

22 Years

Age

5

Track Record

Aditya Birla Sun Life Liquid (G)

Aditya Birla Sun Life Liquid (G)

Liquid

Recommended

Top Ranked

17 Years

Age

5

Track Record

Nippon India Liquid Fund (G)

Nippon India Liquid Fund (G)

Liquid

Recommended

Top Ranked

18 Years

Age

5

Track Record

ICICI Prudential Savings Fund (G)

ICICI Prudential Savings Fund (G)

Low Duration

Recommended

Top Ranked

19 Years

Age

5

Track Record

amc-icon

About the AMC

ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Limited manages assets worth 397,926 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 104 equity,526 debt and 64 hybrid funds.

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  • tel-amc-about
    022-26525000
  • mail-amc-about
    enquiry@icicipruamc.com
  • ICICI Prudential Bluechip Fund (G)

    ICICI Prudential Bluechip Fund (G)

    Large Cap

    Recommended

    Top Ranked

    ₹ 25,513 Cr

    Fund Size

    11.8%

    3Y returns

    ICICI Prudential Savings Fund (G)

    ICICI Prudential Savings Fund (G)

    Low Duration

    Recommended

    Top Ranked

    ₹ 26,705 Cr

    Fund Size

    8%

    3Y returns

    ICICI Prudential Bluechip Fund Institutional I (G)

    ICICI Prudential Bluechip Fund Institutional I (G)

    Large Cap

    Top Ranked

    ₹ 25,513 Cr

    Fund Size

    0.2%

    3Y returns

    ICICI Prudential Savings Fund Retail Plan (G)

    ICICI Prudential Savings Fund Retail Plan (G)

    Low Duration

    Top Ranked

    ₹ 26,705 Cr

    Fund Size

    6.7%

    3Y returns

    ICICI Prudential Savings Fund (DR-D)

    ICICI Prudential Savings Fund (DR-D)

    Low Duration

    Top Ranked

    ₹ 26,705 Cr

    Fund Size

    5.8%

    3Y returns

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    How does Scripbox rate funds?

    Proprietary system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Category View

    Category View

    We check if the sub-category of the fund is recommended by us.

    Consistency Of Performance

    Consistency Of Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Quality Of Fund’s Portfolio

    Credit Quality Of Fund’s Portfolio

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Equity Funds

    Debt Funds

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    About ICICI Prudential Corporate Bond Fund (DP-M)

    About ICICI Prudential Corporate Bond Fund (DP-M)

    ICICI Prudential Corporate Bond Fund (DP-M) is a corporate bond debt fund and has delivered an annualised return of 6.2% over a period of 12 years .The fund was previously known as ICICI Pru Ultra Short Term Mn DP.The fund is managed by ICICI Prudential Asset Management Company Limited.The fund managers are Anuj Tagra, Chandni Gupta, Rahul Goswami, Rohan Maru

    ICICI Prudential Corporate Bond Fund (DP-M) Investment Objective

    To generate income through investing predominantly in AA+ and above rated corporate bonds while maintaining the optimum balance of yield,safety and liquidity. However,there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. However, there is no assurance that the objective of the scheme will be realized.

    ICICI Prudential Corporate Bond Fund (DP-M) NAV,AUM,Risk

    The ICICI Prudential Corporate Bond Fund (DP-M) fund was launched on Jul 24, 2009. The NAV (Net Asset Value) of this corporate bond debt as of 2021-03-04 is ₹ 10.3597. The total AUM (Asset Under Management) of the fund as of 2021-03-05 is ₹ 21155.675. The category risk of the ICICI Prudential Corporate Bond Fund (DP-M) fund is Moderate Risk. The fund charges 0.59 % as expense ratio.

    ICICI Prudential Corporate Bond Fund (DP-M) Holdings

    The fund’s highest allocation is towards debt and has invested 82.2% in this asset class. The top three holdings of the fund are national bank for agriculture and rural development,housing development finance corporation limited and 6.22% govt stock 2035

    ICICI Prudential Corporate Bond Fund (DP-M) SIP

    The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

    ICICI Prudential Corporate Bond Fund (DP-M) Investment volatility and Horizon

    This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to Crisil AAA Short Term Bond Index TR INR.

    ICICI Prudential Corporate Bond Fund (DP-M) Review

    ICICI Prudential Corporate Bond Fund (DP-M) has a score of 4 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, ICICI Prudential Corporate Bond Fund (DP-M) has a score of 5 out of 5. The credit risk of the fund is 4 out of 5 as compared to other debt funds.

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