Mutual Funds Investment India - Save Taxes & Grow Wealth Online - ClearTax Invest

ICICI Prudential Floating Interest Fund Direct Plan Growth

3 yr CAGR
+7.87%
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Direct

Growth

Fund overview

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Net Asset Value

358.871
aum

AUM (Fund size)

15,095.83 Crore
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Lock-in period

No Lock-in
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Exit Load

0% in 0 days
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Expense ratio

0.59%
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Risk

Moderate

Top holdings

HoldingsWeightage
GOVT STOCK37.57%
6.10% Govt Stock 20318.46%
GOI Floating Rate Bond 20245.13%
Treps3.61%
4.04% Govt Stock 20282.99%
7.33% Govt Stock 20312.28%
Motherson Sumi Systems Limited2.02%
State Bank of India1.75%
7.26% Govt Stock 20291.69%
SRF Limited1.65%

Calculate returns

Monthly (SIP)
One-Time
yrs
₹4,000 invested monthly becomes 0 in a period of 20 years

About ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Ltd. is one of the largest asset management company (AMC) in the country. It is a joint venture between ICICI Bank in India and Prudential Plc, in UK. It was started in 1993.

Managers

Rahul Goswami, Nikhil Kabra

Custodians

HDFC Bank Ltd

Address

ICICI Prudential Asset Mgmt.Company Limited 3rd Floor, Hallmark Business Plaza,

Fax Nos.

+91 22 26554165

Telephone Nos.

+91 22 26428000

Homepage

www.icicipruamc.com

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About ICICI Prudential Floating Interest Fund

ICICI Prudential Floating Interest Fund, an open-ended low duration debt scheme, aims to generate income by investing in floating rate instruments and also focuses on maintaining the right balance among yield, safety, and liquidity. Conservative investors can invest in the fund for short-term parking of funds or as an accrual solution. The fund chooses instruments for investment such that the Macaulay duration is between 6 months and 12 months.

Pros and Cons of ICICI Prudential Floating Interest Fund

The fund comes with a zero exit load and has a higher risk-adjusted returns as compared to the other funds in the category. The one-year, three-year, and five-year returns of the fund have been higher than the category average returns so far. In addition, there is no lock-in period for the principal invested.

Fund Information and Statistics

i) Inception/Launch Date

ICICI Prudential Floating Interest Fund was launched on 17 November 2005.

ii) Risk Level

The risk profile associated with the ICICI Prudential Floating Interest Fund is moderately low since the fund predominantly invests in floating rate instruments.

iii) Redemption

The fund units of ICICI Prudential Floating Interest Fund can be redeemed or switched out at any time since the investment does not include a lock-in period.

iv) Fund Manager

Mr Nikhil Kabra and Mr Rahul Goswami are the current Fund Managers for the fund scheme.

v) Entry/Exit Load

As specified by SEBI, entry load is not chargeable when you purchase mutual fund units.

About ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund was incorporated on 22 June 1993. The fund house has Prudential Plc and ICICI Bank Limited as sponsors and ICICI Prudential Trust Limited as the trustee company. The average assets under management (AAUM) of the fund house is Rs.3,26,178.07 crore as on 30 June 2020. The fund house offers around 201 folios to the customers.

Start your investment
Monthly (SIP)
One-Time
Amount
Estimated value after 3 years

(as per historical returns)

2.05 Lakhs
Min investmentment of ₹100 required
risk

3 easy steps to complete your investment

Complete the entire investment process in just three simple steps and enjoy your returns.

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Frequently Asked Questions

What are debt-funds?

Debt funds is an investment vehicle that mainly invest in fixed income securities like corporate bonds, treasury bills, government securities and other money market instruments.

Who should invest in a debt fund?

Debt funds are ideal for investors who want regular income, but are risk-averse. Debt funds are less volatile and, hence, are less risky than equity funds.

What are liquid funds?

Liquid funds is a type of mutual funds which have a very short maturity period, not more than 91 days. The shorter maturity period, makes it almost a risk-free investment.You can get your money out of liquid funds any time without any penalty or cost.

What is a lock-in period?

It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options. Lock-in period is calculated from the date of investment. Meaning SIPs will have different lock-in dates

Is KYC necessary for BLACK?

KYC is necessary for all fund houses. If you are investing through BLACK, you need to do your KYC just once. The same KYC will be used for all further investments.

What is a Mandate (Auto-SIP)?

A Mandate is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for Mandate, you don’t have to follow the payment process every time you invest in the SIP.