• Mutual Funds
  • ICICI Mutual Fund
  • ICICI Prudential Floating Interest Fund (Growth)

Formerly ICICI Pru Savings Gr

ICICI Mutual Fund

ICICI Prudential Floating Interest Fund (Growth)

DebtFloater

335.2418

NAV (Jun 24)

5.8%
3 Year CAGR
Scripbox Opinion
Not Recommended
Click here for top ranked funds in floater mutual funds.

However, Scripbox does not recommend investing in floater mutual funds.

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.

Our analysis of this fundLearn how we rate funds ->

Track Record

17 Years. The fund has an Extended history for analysis and the track record is excellent.

Relative Size

13,008 Cr. Category leader in size

Impact of Interest Rate Changes

Lowest Interest Rate Risk. The impact on fund value is very low when interest rates change

Credit Quality Of Fund's Portfolio

High Credit Risk. The fund has a lower credit quality compared to other debt funds

Scripbox Recommended Floater Funds

Want the floating rate funds that are right for your short term investment needs?

Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

335.2418

NAV (Jun 24)

Fund Returns

Last 1Y

1.7%

Last 3Y

5.8%

Last 5Y

6.2%

Last 10Y

7.5%

Since Inception

7.6%

6 Month CAGR

-0.1%

Scheme Information

Investment Objective

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

1.33

Launched (17y ago)

Nov 18, 2005

AUM in Crores

13007.395

ISIN

INF109K01AX1

Lock-in

No Lock-in

Benchmark

Crisil Low Duration Debt TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers

Rahul Goswami

Fund Manager

Nikhil Kabra

Fund Manager

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.

Asset allocation and Holdings

Last updated on 2022-06-24

Top Debt Holdings

5.53 9/22/2033 12:00:00 am

45.7%
45.7%

4.93 10/4/2028 12:00:00 am

11.2%
11.2%

5.38 10/30/2034 12:00:00 am

10%
10%

motherson sumi systems limited

2.3%
2.3%

4.41 11/7/2024 12:00:00 am

1.9%
1.9%
See all holdings

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 44,308 cr

5

₹ 14,441 cr

5

₹ 18,739 cr

5

₹ 12,059 cr

5

₹ 44,308 cr

5

About the AMC

ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Limited manages assets worth 490,454 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 116 equity,526 debt and 68 hybrid funds.

amc-img

  • 022-26525000
  • enquiry@icicipruamc.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    4.1%

    7.2%

    15.4%

    15.5%

    5%

    5.9%

    6.4%

    6.9%

    6.4%

    7.5%

    Investment Calculator

    Investment Duration5 years

    0

    Total Investment

    0

    Wealth Gained

    0

    Total Corpus Created (₹)

    With CAGR of 11.25 % in 5 years

    ICICI Prudential Floating Interest Fund (G) Review

    ICICI Prudential Floating Interest Fund (G) is a Floater Debt fund and has delivered an annualised return of 7.6% over a period of 16 years. The fund was previously known as ICICI Pru Savings Gr. The fund is managed by ICICI Prudential Asset Management Company Limited. The fund managers are Nikhil Kabra, Rahul Goswami.

    Nav of ICICI Prudential Floating Interest Fund (G) as of 6/24/2022 is ₹335.24 with the total AUM as of 6/26/2022 is ₹13007.395. With Scripbox you can compare and check the latest nav for all mutual funds in India. ICICI Prudential Floating Interest Fund (G) was launched on Nov 18, 2005. The category risk of the fund is Low to Moderate Risk.

    The minimum SIP amount for ICICI Prudential Floating Interest Fund (G) 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 (G) 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 (G) is rated as a 1 fund in Debt and delivered 1.7% 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 (G).

    Frequently Asked Questions

    What is ICICI Prudential Floating Interest Fund (G)?

    ICICI Prudential Floating Interest Fund (G) is a Floater Debt scheme predominantly investing across Debt stocks with an investment objective to generate wealth over the long term.

    How to invest in ICICI Prudential Floating Interest Fund (G)?

    You can invest in ICICI Prudential Floating Interest Fund (G) 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 (G)?

    The minimum sip amount for ICICI Prudential Floating Interest Fund (G) is ₹1000. You can invest in multiples of ₹5000.

    Is ICICI Prudential Floating Interest Fund (G) good to invest in?

    As per Scripbox experts, ICICI Prudential Floating Interest Fund (G) is a Not Recommended fund. You can investICICI Prudential Floating Interest Fund (G) 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 (G)?

    The expense ratio of the ICICI Prudential Floating Interest Fund (G) is 1.33% for regular plan.