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  • ICICI Prudential Liquid Fund (Growth)

Formerly ICICI Pru Liquid Reg Gr

ICICI Mutual Fund

ICICI Prudential Liquid Fund (Growth)

DebtLiquid
Recommended
Top Ranked

353.3598

NAV (Mar 18)

5.3%
3 Year CAGR
Scripbox Opinion
Recommended
ICICI Prudential Liquid Fund (Growth) is recommended for investment within liquid mutual funds.

Liquid 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.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Category Leader

The fund has been a Category Leader on the Fund Size metric

Rolling Returns

Good

The performance of the fund on a Rolling Returns metric has been Good

Scripbox Recommended Debt Funds
Want the most stable liquid funds for your portfolio?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

353.3598

NAV (Mar 18)

Fund Returns

Last 1Y
7.2%
Last 3Y
5.3%
Last 5Y
5.2%
Last 10Y
6.5%
Since Inception
7.1%
6 Month CAGR
3.6%

Scheme Information

Investment Objective

The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity,through investments made primarily in money market and debt instruments. However,there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Expense Ratio
0.29
Launched (19y ago)
Nov 17, 2005
AUM in Crores
52980.272
ISIN
INF109K01VQ1
Lock-in
No Lock-in
Benchmark
CRISIL Liquid Debt TR INR
SIP Minimum
1000
Lumpsum Min.
1000
Standard Deviation (3yr)
0.5
Standard Deviation (5yr)
0.5
Beta (3yr)
1.25
Beta (5yr)
1.08
Sharpe Ratio (3yr)
-1.116
Sharpe Ratio (5yr)
-0.106
YTM
7.45
Fund Managers

Manish Banthia

Fund Manager

Nikhil Kabra

Fund Manager

Rahul Goswami

Fund Manager

Rohan Maru

Fund Manager

Darshil Dedhia

Fund Manager

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
ICICI Prudential Liquid Fund (Growth)70%8,30,002 97,3905.2%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 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 2024-03-18

Top Debt Holdings

canara bank

3.1%
3.1%

91 Days Treasury Bill 14-03-2024

2.8%
2.8%

indian bank

2.7%
2.7%

bank of baroda

2.4%
2.4%

364 Days Treasury Bill 14-03-2024

2.1%
2.1%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 52,980 cr

₹ 14,765 cr

₹ 13,853 cr

₹ 12,705 cr

₹ 9,602 cr

About the AMC

ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Limited manages assets worth 707,562 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 163 equity,554 debt and 65 hybrid funds.amc-img
022-26525000
enquiry@icicipruamc.com
Fund NameScripbox Opinion
Till Date CAGR

5.3%

7.1%

12.3%

16.2%

5%

5.9%

6.4%

6.9%

6.4%

7.5%

ICICI Prudential Liquid Fund (Growth) is an open-ended liquid mutual fund that invests in debt instruments and money market instruments including treasury bills, corporate bonds, commercial paper, certificates of deposits, and so on. The scheme’s aim is to provide reasonable returns along with a high level of liquidity through its asset allocation towards fixed income earning debt instruments. The fund is suitable for an investor who wants to park his or her funds for a short term ranging from 3 months to a year. Liquid funds provide a higher return in comparison to the interest on savings bank accounts. Owing to its asset allocation in high credit quality instruments, it delivers high liquidity to its investors. 

Investment Objective of ICICI Prudential Liquid Fund (Growth)

ICICI Prudential Liquid Fund (Growth) aims to provide reasonable returns with low risk and a high level of liquidity. Owing to its investment objectives, the scheme invests predominantly in the money market and debt instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

The scheme’s goal is to choose securities with the best yields/returns while keeping the risk-reward ratio in mind. To accomplish this, an adequate combination of debt market and money market securities is used. Only debt and money market instruments having a maturity of up to 91 days will be invested in the scheme. Cash and cash equivalents are examples of money market securities. The AMC’s Risk Management team will conduct a thorough in-depth credit examination of the securities proposed to be invested in with the goal of controlling risks. The credit review comprises an examination of the company’s operational environment, previous performance and future prospects, as well as the issuer’s immediate and long-term financial health.

Scheme Details of ICICI Prudential Liquid Fund (Growth)

ICICI Prudential Asset Management Company Limited launched ICICI Prudential Liquid Fund (Growth) on 17th November 2005. The fund has been in existence for the past 17 years. 

NAV and Returns – As of 13th April 2022, the NAV of the scheme is Rs  313.51. The risk-o-meter of ICICI Prudential Liquid Fund (Growth) is low to moderate risk. While investing an investor must understand that the principal amount invested will be at a low to moderate risk. Since its inception during these 17 years, the scheme has provided its investors with a return of 7.20%.

Minimum Investment – The minimum amount for a lump sum investment is Rs 1,000

Expense Ratio – An expense ratio of 0.29% is charged on the units of the mutual funds. 

Exit Load – The fund charges an exit load on the basis of the number of days. The following table shows the exit load and its charge if units are redeemed or switched.

Day 10.0070%
Day 20.0065%
Day 30.0060%
Day 40.0055%
Day 50.0050%
Day 60.0045%
Day 7 onwards0%

Fund Manager – The fund is managed by Rohan Maru and Rahul Goswami. Rohan Maru possesses a degree in MBA (Finance) and M.Com. He has a total work experience of over 10 years. He is associated with ICICI Prudential Asset Management Company Limited since November 2012. Rahul Goswami possesses a degree in BSc. (Mathematics) and MBA (Finance). He has an overall work experience of 24 years. In his previous role with Standard Chartered Bank, he was a Senior Rates Trader and Head of the Primary Dealership Desk.

Other Details – There is no lock-in period for the scheme. So, an investor can redeem an investment anytime without any redemption limit. As of 13th April 2022, the AUM of ICICI Prudential Liquid Fund (Growth) is Rs 34,602.577 cr. The fund benchmarks to CRISIL Liquid Fund TR INR. The suitable investment horizon for an investor is 3 months to 1 year. 

Growth Review 

Scripbox recommends ICICI Pru Liquid Fund (Growth) for investment within the liquid-debt mutual fund category. The fund has a long history and track record, having been launched in 2005. In terms of size, it is the second largest in the category, with an average asset under management of Rs. 45,133 crores. The fund’s return profile has consistently outperformed the category average, and this has held true across numerous holding periods and review periods. The fund has also maintained a higher-than-average level of return predictability, while also ensuring the market determined risk is lowest among its category peers. In our view, the credit quality of the underlying holdings (current and historical) is better than the category average.

  1. With a past performance of 17 years, the fund has an extended history for analysis and the track record is excellent.
  2. With an AUM or relative size of Rs 34,602.577 cr, the scheme is the leader within the category of the liquid mutual fund.
  3. Over these years, the fund has performed well providing inflation beating return on investment over the long term in agreement with its investment objectives.
  4. With the lowest credit risk, the fund has a very high quality in comparison to other funds within similar categories.
  5. The impact of interest rate fluctuations is very low. This suggests that the fund has the lowest interest rate risk.

Fund Performance

Annualised Returns

PeriodReturns
10 Years7%
5 Years5.40%
3 Years4.30%
1 Year3.30%
The above mentioned data is as of 13th April 2022

Performance Ratio

Standard Deviation0.04%
Portfolio Beta0.82
Alpha(0.32)
The above mentioned data is as of 13th April 2022

Asset Allocation

Debt HoldingPercentage of Holding
91 Days Treasury Bill 19-05-202213%
91 Days Treasury Bill 09-06-20225.10%
NTPC Limited4.30%
HDFC Bank Limited3.60%
Indian Bank2.90%
Canara Bank2.90%
8.15% Govt Stock 20222.60%
National Bank for Agriculture and Rural Development2.40%
Bharti Airtel Limited2.10%
National Bank for Agriculture and Rural Development2%
Others59.10%
The above mentioned data is as of 13th April 2022

Frequently Asked Questions

Who should invest in ICICI Prudential Liquid Fund (Growth)?

The ICICI Prudential Liquid Fund (Growth) aims to choose securities with the best yields/returns while keeping the risk-reward ratio in mind. To accomplish this, an adequate combination of debt market and money market securities is used. Only debt and money market instruments having a maturity of up to 91 days will be invested in the scheme. Cash and cash equivalents are examples of money market securities. The AMC’s Risk Management team will conduct a thorough in-depth credit examination of the securities proposed to be invested in with the goal of controlling risks. The credit review comprises an examination of the company’s operational environment, previous performance and future prospects, as well as the issuer’s immediate and long-term financial health.
ICICI Prudential Liquid Fund (Growth) is suitable for investors who are seeking short term savings solutions for a reasonable return with low risk and a high level of liquidity.

Is ICICI Prudential Liquid Fund (Growth) better than saving account interest?

Owing to the asset allocation and investment strategy, ICICI Prudential Liquid Fund (Growth) has the potential to deliver a higher return in comparison to savings account interest. Hence, rather than parking the funds in a savings bank account, an investor can earn a higher return by investing in liquid funds.

What is the exit load on ICICI Prudential Liquid Fund (Growth)?

The fund charges an exit load on the basis of the number of days. The exit load is charged on the units redeemed or switched. The exit loads are 1 day- 0.0070%, 2 days- 0.0065, 3 days- 0.0060%, 4 days- 0.0055%. 5 days- 0.0050%, 6 days- 0.0045%, 7 days onwards- 0%.

What is the expense ratio on ICICI Prudential Liquid Fund (Growth)?

ICICI Prudential Liquid Fund (Growth) charges an expense ratio of 0.29% on the units.

What is the taxability of ICICI Prudential Liquid Fund (Growth)?

ICICI Prudential Liquid Fund (Growth) is a debt oriented mutual fund. The returns earned on the fund are chargeable to tax under the head income from capital gains. The capital gains are taxable on the basis of the holding period. If the investor sells the investment before 3 years then short term capital gain arises. The short term capital gain is added to the gross total income for the financial year. The STCG is taxable at the applicable tax slab rate for the taxpayer. If the investor sells the investment after 3 years then long term capital gain arises. Furthermore, the long term capital gain is taxable at a rate of 20% after providing the benefit of indexation.

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