- Mutual Funds
- ICICI Mutual Fund
- ICICI Prudential Floating Interest Fund (RIDCW-A)
Formerly ICICI Pru Floating Interest DR Othr
Floater funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
Floater Funds are mandated to invest a minimum of 65% of total assets in Floating Rate Instruments.
This is a relatively small category with a limited number of funds.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the 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.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 164.3187
NAV (Oct 3)
Fund Returns
Last 1Y | 7.8% |
Last 3Y | 5.3% |
Last 5Y | 6.6% |
Last 10Y | 7% |
Since Inception | 7.1% |
6 Month CAGR | 4.6% |
Scheme Information
To generate income through investing predominantly in floating rate instruments 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.
Expense Ratio | 1.28 |
Launched (11y ago) | Nov 12, 2012 |
AUM in Crores | 13922.540 |
ISIN | INF109K01WP1 |
Lock-in | No Lock-in |
Benchmark | Crisil Low Duration Debt TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 1.6 |
Standard Deviation (5yr) | 1.6 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | 0.313 |
Sharpe Ratio (5yr) | 0.933 |
YTM | 8.06 |
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| ICICI Prudential Floating Interest Fund (RIDCW-A) | 8,59,104 | 1,26,492 | 6.6% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
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.
Asset allocation and Holdings
Top Debt Holdings
Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 44,468 cr | ||
₹ 18,357 cr | ||
₹ 10,408 cr | ||
₹ 14,357 cr | ||
₹ 9,121 cr |
About the AMC
ICICI Prudential Asset Management Company Limited
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
4.7% | 7.1% | ||
14.6% | 15.5% | ||
5% | 5.9% | ||
6.4% | 6.9% | ||
6.4% | 7.5% |
ICICI Prudential Floating Interest Fund (RIDCW-A) Review
ICICI Prudential Floating Interest Fund (RIDCW-A) is a Floater Debt fund and has delivered an annualised return of 7.1% over a period of 10 years. The fund was previously known as ICICI Pru Floating Interest DR Othr. The fund is managed by ICICI Prudential Asset Management Company Limited. The fund managers are Darshil Dedhia, Nikhil Kabra, Rahul Goswami, Rohan Maru.
Nav of ICICI Prudential Floating Interest Fund (RIDCW-A) as of 10/3/2023 is ₹164.32 with the total AUM as of 10/4/2023 is ₹13922.54. With Scripbox you can compare and check the latest nav for all mutual funds in India. ICICI Prudential Floating Interest Fund (RIDCW-A) was launched on Nov 12, 2012. The category risk of the fund is Low to Moderate Risk.
The minimum SIP amount for ICICI Prudential Floating Interest Fund (RIDCW-A) is ₹1000 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. Check your estimated returns on mutual funds by using sip calculator.
ICICI Prudential Floating Interest Fund (RIDCW-A) 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 Low Duration Debt TR INR.
ICICI Prudential Floating Interest Fund (RIDCW-A) is rated as a 2 fund in Debt and delivered 7.8% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with ICICI Prudential Floating Interest Fund (RIDCW-A).
Frequently Asked Questions
What is ICICI Prudential Floating Interest Fund (RIDCW-A)?
How to invest in ICICI Prudential Floating Interest Fund (RIDCW-A)?
You can invest in ICICI Prudential Floating Interest Fund (RIDCW-A) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of ICICI Prudential Floating Interest Fund (RIDCW-A)?
The minimum sip amount for ICICI Prudential Floating Interest Fund (RIDCW-A) is ₹1000. You can invest in multiples of ₹5000.
Is ICICI Prudential Floating Interest Fund (RIDCW-A) good to invest in?
As per Scripbox experts, ICICI Prudential Floating Interest Fund (RIDCW-A) is a Neutral fund. You can investICICI Prudential Floating Interest Fund (RIDCW-A) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the ICICI Prudential Floating Interest Fund (RIDCW-A)?
The expense ratio of the ICICI Prudential Floating Interest Fund (RIDCW-A) is 1.28% for regular plan.