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  • ICICI Mutual Fund
  • ICICI Prudential Savings Fund (Growth)

Formerly ICICI Pru Flexible Inc Gr

ICICI Mutual Fund

ICICI Prudential Savings Fund (Growth)

DebtLow Duration

Top Ranked

433.8824

NAV (May 19)

6.2%
3 Year CAGR
Scripbox Opinion

Top Ranked

These are the top-ranked funds within low duration mutual funds.However, Scripbox does not recommend investing in low duration mutual funds.

Our analysis of this fundLearn how we rate funds ->

Track Record

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

Relative Size

23,330 Cr. Category leader in size

Impact of Interest Rate Changes

Low Interest Rate Risk. The impact on fund value is quite low when interest rates change

Credit Quality Of Fund's Portfolio

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

Scripbox Recommended Debt Funds

Want the ultra short term debt funds that are right for your short term investment needs?

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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

433.8824

NAV (May 19)

Fund Returns

Last 1Y

3.5%

Last 3Y

6.2%

Last 5Y

6.7%

Last 10Y

7.9%

Since Inception

7.8%

6 Month CAGR

1%

Scheme Information

Investment Objective

To generate income through investments in a range of debt and money market 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

0.52

Launched (20y ago)

Sep 27, 2002

AUM in Crores

23329.668

ISIN

INF109K01746

Lock-in

No Lock-in

Benchmark

CRISIL Low Duration Fund TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers

Rohan Maru

Fund Manager

Rahul Goswami

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 2022-05-19

Top Debt Holdings

5.53% govt stock 2033

31.3%
31.3%

treps

8.8%
8.8%

3.8% govt stock 2024

5.8%
5.8%

4.93% govt stock 2028

5.4%
5.4%

state bank of india

4.1%
4.1%
See all holdings
allocation by market cap

Comparison with Debt Funds

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

₹ 39,901 cr

5

₹ 16,108 cr

5

₹ 13,070 cr

5

₹ 15,495 cr

5

₹ 39,901 cr

5

About the AMC

ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Limited manages assets worth 492,046 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 116 equity,526 debt and 64 hybrid funds.

amc-img

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

    4.2%

    7.2%

    15.1%

    15.4%

    6.4%

    6.9%

    5%

    5.9%

    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 Savings Fund-Growth is a low-duration debt mutual fund scheme provided by ICICI Prudential Mutual Fund. It predominantly invests in debt instruments. The scheme aims to achieve return on investment at par with inflation through a lower interest rate risk. Earlier, the fund was known as ICICI Pru Flexible Income Growth. It aims to outperform the benchmark with risk lower than the benchmark. The fund is managed by ICICI Prudential Asset Management Company Limited. The fund managers of the scheme are Mr. Rahul Goswami, and Mr. Rohan Maru.

    ICICI Prudential Savings  Fund-Growth Investment Objective

    The investment objective of the Scheme is to generate income through investments in a range of debt and money market 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. The fund invests around 84% of its assets in debt instruments. Within this debt investment its investment in government securities is 43% while it invests the remaining 41% in low-risk debt instruments.

    ICICI Prudential Savings  Fund-Growth Scheme Details

    ICICI Prudential Mutual Fund had launched the scheme on 27th September 2002. The scheme has been in existence for the past 19 years. Since inception it continues to provide consistent growth of investment at par with inflation over the investment duration.

    NAV and Returns – As of 18th June 2021, the NAV of the fund is Rs 420.95. The risk-o-meter of the fund is moderate risk. Hence, the investor must recognize that their principal investment is at a moderate risk with the fund. Since its inception the fund has delivered a return of 8% on investment.

    Minimum Investment – The fund has a minimum SIP investment requirement of Rs 1000 and a minimum lump sum investment of Rs 5000

    Expense Ratio and Exit Load – The expense ratio for the fund is 0.53%. The expense ratio charged by the fund is close to the expense ratio charged by other AMCs for funds under the same category. The fund does not charge exit load on the redemption of the units of the fund.

    Fund Manager – Currently, the fund is being managed by Mr. Rahul Goswami, and Mr. Rohan Maru. Mr. Rahul Goswami has been co-managing the fund since 17th September 2012. Mr. Goswami  has an experience of over 24 years. He manages 9 funds provided by ICICI Prudential Mutual Fund. Since 16th September 2003 Mr. Rohan Maru has been managing the fund. He possesses over 11 years of experience in fund management and manages 7 mutual funds.

    Other Details – No lock-in period for the scheme, you can redeem any amount of investment anytime. The AUM of ICICI Prudential Savings  Fund as on 18th June 2021 is Rs 20,235 cr. The fund benchmarks to NIFTY Low Duration Debt Index TR INR.

    1 Year Return6.20 %
    3 Years Return7.70 %
    5 Years Return7.60 %
    10 Years Return8.50 %
    Returns Updated as of 18th June 2021

    ICICI Prudential Savings  Fund-Growth Top Stock Holdings

    The ICICI Prudential Savings Fund-Growth has invested its assets majorly in the debt instruments of the following companies:

    CompanyPercentage of Holding (As on 18th June 2021)
    Government Securities16%
    TREPS14.70%
    GOI Floating Rate Bond 20246.10%
    5.09% Govt Security 20224%
    State Bank of India3.20%

    Asset Allocation of ICICI Prudential Savings  Fund-Growth

    The ICICI Prudential Savings  Fund-Growth has invested in the following debt instruments:

    SectorPercentage of Holding (As on 18th June 2021)
    GOI Securities Floating Rate Bond16.02%
    GOI Securities15.65%
    Repo14.73$
    Cash Margin13.23%
    Non- Convertible Debenture11.17%
    Commercial Paper8.94%
    Treasury Bills6.51%
    Additional Tier 1 Bond6.32%

    ICICI Prudential Savings  Fund-Growth Review

    Scripbox recommends ICICI Prudential Savings Fund-Growth for investment within low duration mutual funds. Low duration funds provide return on investment at par with inflation over the investment duration. These funds are suitable for investors who seek an investment for 1-5 years or longer.

    1. With a track record of 19 years, the fund has an extended history for analysis. Moreover, the track record is excellent.
    2. With an AUM or relative size of Rs 20,235 cr, the fund is a category leader in size.
    3. The scheme has performed well consistently over a period of time outperforming its benchmark.
    4. The impact on fund value is moderate when interest rates change. In a way, the scheme has proven to be dependable under the ultra-short duration funds category
    5. The fund has a high credit quality compared to other debt funds in the same category. This indicates that it has lent to borrowers whose credit quality is good. With better borrowers, it ensures a low default risk or credit risk. 

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