ICICI Prudential Short Term Fund Direct Plan Growth Option
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
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|Fund Type||Short Duration|
More about this fund
|6.22% Govt Stock 2035||5.77%|
|National Bank For Agriculture And Rural Development||4.07%|
|Pipeline Infrastructure Private Limited||2.01%|
|Housing Development Finance Corporation Limited||1.92%|
|6.79% Govt Stock 2027||1.91%|
|GOI Floating Rate Bond 2024||1.72%|
|07.19 UP SDL 2031||1.71%|
|Housing Development Finance Corporation Limited||1.48%|
|07.17 UP SDL 2031||1.4%|
About ICICI Prudential Short Term Fund - Direct Plan - Growth
ICICI Prudential Short Term Fund - Direct Plan - Growth aims to offer regular income, by investing in fixed income securities. The fund manager focuses on low risk fixed income securities, to ensure liquidity for the investors.
Pros and Cons of ICICI Prudential Short Term Fund - Direct Plan - Growth
The ICICI Prudential Short Term Fund - Direct Plan - Growth invests in a mix of government securities and money market instruments. The fund manager invests in a portfolio of fixed income securities, using interest rate movements, to give maximum return. The investment in low risk instruments ensures the liquidity of the fund.
Fund Information and Statistics
i) Inception/Launch Date
ICICI Prudential Short Term Fund was launched on 01 January 2013.
ii) Risk Level
ICICI Prudential Mutual Fund has placed ICICI Prudential Short Term Fund under the ‘moderate risk' category. The fund is riskier as compared to liquid funds.
ICICI Prudential Short Term Fund is open-ended and the investment can be redeemed at any time.
iv) Fund Manager
Mr Manish Banthia is the current fund manager of ICICI Prudential Short Term Fund.
v) Entry/Exit Load
SEBI norms have stopped mutual fund houses from charging an entry load. The fund has no exit load. Prudential Plc and ICICI Bank Limited are the sponsors of the fund house while the trustee is ICICI Prudential Trust Limited.
About ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is a top Asset Management Company and the third largest by asset size. It was established as a joint venture between ICICI Bank and Prudential Plc of the UK. ICICI Bank Ltd and Prudential Plc are the sponsors of the fund. ICICI Prudential Trust Limited is its trustee. As of June 2020, the total assets under management (AUM) of the fund were a massive Rs 3.26 lakh crore.
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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