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ICICI Prudential Savings Fund (Dividend Reinvestment - Monthly)

Debt

Low Duration

Top Ranked

₹ 102.29

NAV (OCT 23)

Scripbox Opinion

Top Ranked

This fund is recommended for investment within low duration mutual funds.

Low Duration funds provide relative safety of capital with growth at par with inflation and are suitable for investment objectives with duration of 1-5 years or longer.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals

Our analysis of this fund Learn how we rate funds ->
Our analysis of this fund Learn how we rate funds ->

Track Record

7 Years

The fund has an extended history for analysis and the track record is excellent

Relative Size

21,077 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

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.

Learn why choose a plan over a fund ->
  • Historical growth rate of 6.50% per annum
  • Recommended Duration 1-5 years
  • No Lock-in
  • Vacation, Car, Down payment
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Historical NAV

102.29

NAV (OCT 23)

SIP Calculator

Investing Duration 5 years

Total Investment

Wealth Gained

Total Corpus Created

With assumed returns of 6.25%
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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

Moderately Low

Moderate

Moderately High

High

Moderately Low risk

0.55%

Expense Ratio

7th May, 2013

Launched (7y ago)

₹ 21,077

AUM in Crores

INF109K013Z7

No Lock-in

NIFTY Low Duration Debt Index TR INR

Benchmark

₹ 1000

SIP Minimum

₹ 5000

Lumpsum Min.

Fund Managers

Rahul Goswami

Fund Manager

Rohan Maru

Fund Manager

Returns Calculator Comparison

of

for

Instrument Returns Total Corpus Gains Annualised %
Mutual Fund 70% 11.25%
EPF 70%
Property 70%
PPF 70%
Bank FD 70%
Gold 70%
Savings Bank 70%

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 26th October 2020

Top Stock Holdings

Reverse Repo

9%

Reliance Industries Limited

6%

State Bank Of India

5%

Govt Stock

4%

6.79% Govt Stock 2027

3%
See all holdings
allocation by market cap

Comparison with Debt Funds

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.

  • Indicative returns of 6.50% annually
  • Recommended Duration 1-5 years
  • No Lock-in
  • Vacation, Car, Down payment
  • One-click investing and tracking
  • Zero fees for all your investments

SIP Calculator

Investment Duration 5 years

₹12,37,295

Total Investment

₹12,37,295

Wealth Gained

₹12,37,295

Total Corpus Created

With assumed returns of 6.25%
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How does Scripbox rate funds?

Proprietary 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.

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.

Top Ranked

These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended.

Scripbox algorithm classifies funds as "not recommended" when they perform poorly on a combination of criteria. These funds are usually the poorest performers within a category.

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Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

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

calender

Category View

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

calender

Consistency Of Performance

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

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

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

calender

Impact of Interest Rates

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

calender

Credit Quality Of Fund’s Portfolio

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

Equity Funds

Debt Funds

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About ICICI Prudential Savings Fund (Dividend Reinvestment - Monthly)

About ICICI Prudential Savings Fund (Dividend Reinvestment - Monthly)

ICICI Prudential Savings Fund (Dividend Reinvestment - Monthly) is a Low Duration Debt fund and has delivered an annualised return of 6.31% over a period of 7 years. The fund was previously known as ICICI Pru Flexible Inc Mn DR. The fund is managed by ICICI Prudential Asset Management Company Limited. The fund managers are Rahul Goswami, Rohan Maru.

ICICI Prudential Savings Fund (Dividend Reinvestment - Monthly) 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. However, there is no assurance that the objective of the scheme will be realized.

ICICI Prudential Savings Fund (Dividend Reinvestment - Monthly) NAV, AUM and Risk

The fund was launched on 2013-05-07. The NAV of the fund as of 2020-10-23 is ₹ 102.29. The total AUM of the fund as of 2020-10-23 is ₹ 21,077 Cr. The category risk of the fund is Moderately Low risk

The fund charges 0.55 % as expense ratio.

ICICI Prudential Savings Fund (Dividend Reinvestment - Monthly) Holdings

The fund’s highest allocation is towards debt and has invested 67.2% in this asset class. The top three holdings of the fund are reverse repo, reliance industries limited and state bank of india.

ICICI Prudential Savings Fund (Dividend Reinvestment - Monthly) SIP

The minimum SIP(Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

ICICI Prudential Savings Fund (Dividend Reinvestment - Monthly) Investment volatility and Horizon

This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to NIFTY Low Duration Debt Index TR INR.