ICICI Prudential Bond Fund Growth
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|Fund Type||Medium to Long Duration|
|Exit Load||0.25% for 31 Days|
More about this fund
|6.19% Govt Stock 2034||12.62%|
|7.57% Govt Stock 2033||5.71%|
|5.77% GOI 2030||4.4%|
|Housing and Urban Development Corporation Limited||4.16%|
|State Bank of India||3.91%|
|Axis Bank Limited||3.77%|
|LIC Housing Finance Limited||3.77%|
|Rural Electrification Corporation Limited||3.75%|
|National Highways Authority of India||3.74%|
|Mahanagar Telephone Nigam Limited||3.71%|
About ICICI Prudential Bond Fund
The Scheme is an open ended medium to long term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 to 7 years. The Macaulay duration of the portfolio is 1 to 7 years under anticipated adverse scenario.
Pros & Cons of ICICI Prudential Bond Fund
ICICI Prudential Bond Fund offers following features :-
- The Scheme has underperformed compared to category average and benchmark in 1 year horizon however bet the benchmark and category average in 3 year and 5 year horizon.
- The Scheme is ranked #1 in 10 year horizon amongst peers basis returns provided.
Fund Information and Statistics of ICICI Prudential Bond Fund
Inception / Launch date
The Scheme was launched on 18 August 2008 and was formerly known as ICICI Prudential Income Opportunities Fund. The Scheme is benchmarked against NIFTY Medium to Long Duration Debt Index.
The Scheme is a debt scheme that invests in debt and money market instruments and aim to maximize income while maintaining an optimum balance of yield, safety and liquidity and thus investment in this scheme is moderately risky proposition.
The Scheme is open for repurchase/redemptions on all business days. Redemption proceeds are despatched within 10 business days from the date of the receipt of valid redemption request at the official points of acceptance.
The Scheme is currently being managed by Mr Manish Banthia who is managing the scheme since September 2013. He has overall 13 years of experience in financial market space.
Entry / Exit load
In respect of each purchase/switch-in of units, an exit load of 1% is charged by the fund house if units are redeemed/switched-out within 6 months from the date of allotment. No exit load is charged if units are redeemed or switched-out after 6 months from date of allotment. No entry load is charged by the fund house for subscriptions.
Tax benefits of investing in ICICI Prudential Bond FundTax benefits of investing in ICICI Prudential Bond Fund
Long Term Capital Gains (LTCG) are taxed @ 20% after indexation if units are held for more than 36 months. Short term capital gains (STCG) are taxed as per the income tax slab. It is advisable to hold the investment for more than 36 months to avail tax benefits. Investors do not pay any tax on dividends received but a Dividend Distribution Tax (DDT) is deducted by the fund house at source.
About ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential Plc. Prudential Plc is one of the largest players in UK financial services sector. The fund house offers investment options such as diversified to sector specific equity schemes, balanced and fixed income funds. Mr. Nimesh Shah is MD & CEO of the Fund House.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns