Formerly ICICI Pru Flexible Inc Gr
20 Years. The fund has an Extended history for analysis and the track record is excellent.
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
Want the ultra short term debt funds that are right for your short term investment needs?
NAV (May 19)
6 Month CAGR
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.
Launched (20y ago)
Sep 27, 2002
AUM in Crores
CRISIL Low Duration Fund TR INR
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
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.
5.53% govt stock 203331.3%
3.8% govt stock 20245.8%
4.93% govt stock 20285.4%
state bank of india4.1%
|Fund Name||Scripbox Opinion||Fund Size||Track Record|
₹ 39,901 cr
₹ 16,108 cr
₹ 13,070 cr
₹ 15,495 cr
₹ 39,901 cr
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.
|Fund Name||Scripbox Opinion||Till Date CAGR|
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.
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 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 Return||6.20 %|
|3 Years Return||7.70 %|
|5 Years Return||7.60 %|
|10 Years Return||8.50 %|
The ICICI Prudential Savings Fund-Growth has invested its assets majorly in the debt instruments of the following companies:
|Company||Percentage of Holding (As on 18th June 2021)|
|GOI Floating Rate Bond 2024||6.10%|
|5.09% Govt Security 2022||4%|
|State Bank of India||3.20%|
The ICICI Prudential Savings Fund-Growth has invested in the following debt instruments:
|Sector||Percentage of Holding (As on 18th June 2021)|
|GOI Securities Floating Rate Bond||16.02%|
|Non- Convertible Debenture||11.17%|
|Additional Tier 1 Bond||6.32%|
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.
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