ICICI Prudential Floating Interest Fund Growth - Latest NAV ₹318.1635, Returns, Performance & Portfolio

ICICI Prudential Floating Interest Fund Growth

  • highlight
    7.91%
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    (+0.19)318.1635

Start your investment

Min amount: ₹100

Calculate Returns

Rs. 200 invested monthly becomes Rs. 1.17 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years8.51%
5 Years7.91%
3 Years7.78%
1 Year9.2%
6 Months5.67%
Fund Details
ISININF109K01AX1
RiskModerate Risk
Fund TypeFloating Rate
NAV318.1635
Exit Load--

More about this fundstar

Top HoldingsWeightage
GOVT STOCK8.24%
5.09% Govt Stock 20226.44%
5.22% GOI 20254.74%
Embassy Office Parks Reit3.56%
6.79% Govt Stock 20273.24%
Motherson Sumi Systems Limited3.05%
State Bank of India2.73%
Muthoot Finance Limited2.63%
182 DTB 250320212.6%
SRF Limited2.54%

About ICICI Prudential Floating Interest Fund

As the name suggests, the Scheme is an open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/derivatives).

Pros & Cons of ICICI Prudential Floating Interest Fund

ICICI Prudential Floating Interest Fund offers following features:

  • The Scheme was unable to beat benchmark on 1 year, 3 year and 5 year investment horizon.
  • It also under-performed on returns since inception compared to benchmark index (with a CAGR return since inception of 7.94%).

Fund Information and Statistics of ICICI Prudential Floating Interest Fund

i) Inception / Launch date

The Scheme was launched on 17 November 2005 and was formerly known as ICICI Prudential Savings Fund. The Scheme is benchmarked against CRISIL Ultra Short Term Debt Index.

ii) Risk level

Being a debt fund, the scheme is moderately risky and suitable for investors looking for short term savings with a recommended investment horizon of at-least 60 days or above.

iii) Redemption

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.

iv) Fund Manager

The Scheme is currently being co-managed by Mr. Rahul Goswami who is managing the scheme since September 2012 and Mr Nikhil Kabra who is managing the scheme since August 2016.

v) Entry / Exit load

There is no exit load charged by the fund house for any redemption/switched-out from the Scheme. Entry load is not applicable for subscriptions/switch-in of units.

Tax benefits of investing in ICICI Prudential Floating Interest 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.

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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Start your investment

Min amount: ₹100

Calculate Returns

Rs. 200 invested monthly becomes Rs. 1.17 Lakhs in a period of 20 years
Moderate Risk

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