Formerly ICICI Pru Liquid Reg Gr
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.
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 years₹ 353.3598
NAV (Mar 18)
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% |
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 |
of
for
with step up of
Asset | Returns | Total Corpus | Gains | CAGR |
---|---|---|---|---|
ICICI Prudential Liquid Fund (Growth) | 8,30,002 | 97,390 | 5.2% | |
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.
canara bank
3.1%91 Days Treasury Bill 14-03-2024
2.8%indian bank
2.7%bank of baroda
2.4%364 Days Treasury Bill 14-03-2024
2.1%Fund Name | Fund Size | Rolling Returns |
---|---|---|
₹ 52,980 cr | ||
₹ 14,765 cr | ||
₹ 13,853 cr | ||
₹ 12,705 cr | ||
₹ 9,602 cr |
ICICI Prudential Asset Management Company Limited
Fund Name | Scripbox 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.
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.
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 1 | 0.0070% |
Day 2 | 0.0065% |
Day 3 | 0.0060% |
Day 4 | 0.0055% |
Day 5 | 0.0050% |
Day 6 | 0.0045% |
Day 7 onwards | 0% |
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.
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.
Period | Returns |
10 Years | 7% |
5 Years | 5.40% |
3 Years | 4.30% |
1 Year | 3.30% |
Standard Deviation | 0.04% |
Portfolio Beta | 0.82 |
Alpha | (0.32) |
Debt Holding | Percentage of Holding |
91 Days Treasury Bill 19-05-2022 | 13% |
91 Days Treasury Bill 09-06-2022 | 5.10% |
NTPC Limited | 4.30% |
HDFC Bank Limited | 3.60% |
Indian Bank | 2.90% |
Canara Bank | 2.90% |
8.15% Govt Stock 2022 | 2.60% |
National Bank for Agriculture and Rural Development | 2.40% |
Bharti Airtel Limited | 2.10% |
National Bank for Agriculture and Rural Development | 2% |
Others | 59.10% |
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.
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.
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%.
ICICI Prudential Liquid Fund (Growth) charges an expense ratio of 0.29% on the units.
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.