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    • ICICI Prudential Savings Fund (Growth)

    Formerly ICICI Pru Flexible Inc Gr

    ICICI Mutual Funds

    ICICI Prudential Savings Fund (Growth)

    DebtLow Duration

    Recommended

    Top Ranked

    427.5848

    NAV (Sep 23)

    7.6%
    3 Year CAGR
    Scripbox Opinion

    Recommended

    ICICI Prudential Savings Fund (Growth) is recommended for investment within low duration mutual funds.

    Low duration 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 ->

    Track Record

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

    Relative Size

    31,275 Cr. Category leader in size

    Impact of Interest Rate Changes

    Moderate Interest Rate Risk. The impact on fund value is moderate when interest rates change

    Credit Quality Of Fund's Portfolio

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

    Invest in this fund
    Invest in this fund as part of a scientific Scripbox plan. Explore the plan below.
    Short Term Money

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment

    No single fund can achieve what a plan can. Learn why

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    Historical NAV

    427.5848

    NAV (Sep 23)

    Fund Returns

    Last 1Y
    5.5%
    Last 3Y
    7.6%
    Last 5Y
    7.4%
    Last 10Y
    8.4%
    Since Inception
    8%
    6 Month CAGR
    2.9%
    info-icon-blue

    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.

    Low

    Low to Moderate

    Moderate

    Moderately High

    High

    Very High

    risk-indicator-arrow.svg

    Low to Moderate Risk

    Expense Ratio
    0.52
    Launched (19y ago)
    Sep 27, 2002
    AUM in Crores
    31274.117
    ISIN
    INF109K01746
    Lock-in
    No Lock-in
    Benchmark
    NIFTY Low Duration Debt Index TR INR
    SIP Minimum
    1000
    Lumpsum Min.
    5000
    Fund Managers
    user-avatar

    Rahul Goswami

    Fund Manager

    user-avatar

    Rohan Maru

    Fund Manager

    calculator

    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.

    build-long-item-wealth-img

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • Inflation beating returns
      Inflation beating returns
    • Expert Investing Only, Car, Down Payment
      Expert Investing Only, Car, Down Payment
    • One click investing  tracking
      One click investing tracking
    comparison

    Comparison with Debt Funds

    Fund NameScripbox OpinionFund SizeTrack Record

    Kotak Savings Fund (G)

    recommended-badge

    ₹ 13,951 cr

    5

    recommended-badge

    ₹ 33,662 cr

    5

    recommended-badge

    ₹ 11,134 cr

    5

    recommended-badge

    ₹ 31,274 cr

    5

    recommended-badge

    ₹ 24,210 cr

    5

    amc-icon

    About the AMC

    ICICI Prudential Asset Management Company Limited

    ICICI Prudential Asset Management Company Limited manages assets worth 474,066 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 110 equity,526 debt and 64 hybrid funds.

    amc-img

  • tel-amc-about
    022-26525000
  • mail-amc-about
    enquiry@icicipruamc.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    16.2%

    15.1%

    recommended-badge

    7.6%

    8%

    top-ranked-badge

    0.2%

    11.7%

    top-ranked-badge

    6.7%

    7.4%

    top-ranked-badge

    5.8%

    4.7%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    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. 

    How Scripbox Algorithmically Selects Mutual Funds?

    Scripbox uses time-tested principles, historical data, and valid assumptions about asset classes. We combine them with a rigorous process to finalize which asset classes make the most sense for specific types of objectives, considering the time needed to achieve them.

    Once we select an asset class, our algorithm goes to work to select the best financial products.

    The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:

    • Track record of the product – how long has it been around?
    • Assets under management – how big is it – for example, the size of a mutual fund
    • Liquidity – how easy is it to move in or out of the product?
    • Consistency of performance – how much have the returns fluctuated?
    • The risk associated with the product – what risks impact the product?
    • Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds

    With such a scientific and detailed approach Scripbox ensures:

    • Bias free product selection – commissions don’t sway our decisions
    • Minimal human intervention and thus minimal impact of emotions and behavioral biases
    • Consideration of the maximum number of factors that can impact an investment product
    • Application of logic to investment product selection 

    Our investment product selection science helps us help you, without biases clouding the evaluation.

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