ICICI Prudential Credit Risk Fund Direct Plan Growth
Min amount: ₹100
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||Credit Risk|
|Exit Load||1% for 365 Days|
More about this fund
|Prestige Estates Projects Limited||3.46%|
|6.22% Govt Stock 2035||3.02%|
|Aditya Birla Fashion and Retail Limited||2.82%|
|Kalpataru Properties (Thane) Private Limited||2.77%|
|182 DTB 19082021||2.53%|
|TMF Holdings Limited||2.52%|
|The Great Eastern Shipping Company Limited||2.45%|
|Adarsh Advisory Services Private Limited||2.28%|
|ICICI Bank Limited||2.24%|
About ICICI Prudential Credit Risk Fund - Direct Plan - Growth
The fund managers of the ICICI Prudential Credit Risk Fund intends to create income by mostly investing in bonds that are rated AA and below. The fund managers also try to keep up to balance the safety, liquidity and yield.
Pros and Cons of ICICI Prudential Credit Risk Fund - Direct Plan - Growth
The most significant benefit of investing in this fund is that you gain exposure to a variety of debt and fixed income securities. The fund managers strive to strike the right balance between yield, safety, and liquidity. On the flip side, the fund is riskier than liquid and overnight funds but is capable of providing higher returns than both of them.
Fund Information and Statistics
i) Inception/Launch Date
ICICI Prudential Credit Risk Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
ICICI Prudential Credit Risk Fund - Direct Plan - Growth has been categorised under ‘moderately risky’ class of mutual funds.
Since ICICI Prudential Credit Risk Fund - Direct Plan - Growth is open-ended, you can redeem or switch-out the units at any time.
iv) Fund Manager
Mr Manish Banthia and Mr Akhil Kakkar are the current fund manager of ICICI Prudential Credit Risk Fund - Direct Plan - Growth.
v) Entry/Exit load
There is no entry load as per the directions of the Indian market regulator. An exit load of 1% is levied to the units in excess of 10% redeemed if within one year from the date of allotment.
About ICICI Prudential Mutual Fund
The ICICI Prudential Mutual Fund is a product of the joint venture between Prudential Plc and ICICI Bank Ltd back at the end of December 1999. They also happen to be the sponsors of the ICICI fund house. The ICICI Prudential Mutual Fund registered with the Securities and Exchange Board of India (SEBI) with ICICI Prudential Trusted Ltd as the trustee. With assets worth Rs 3.67 lakh crore under its management as of June 2020, ICICI Prudential Mutual Fund is a leading fund house in India.
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Min amount: ₹100
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