ICICI Prudential Floating Interest Fund Direct Plan Growth
- 8.37%
- (--0.03)344.5561
Min amount: ₹100
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Fund Summary
| Period | Returns(per year) |
|---|---|
| 10 Years | -- |
| 5 Years | 8.37% |
| 3 Years | 8.3% |
| 1 Year | 9.25% |
| 6 Months | 2.49% |
| Fund Details | |
|---|---|
| ISIN | INF109K01P57 |
| Risk | Moderate Risk |
| Fund Type | Floating Rate |
| NAV | 344.5561 |
| Exit Load | -- |
More about this fund
| Top Holdings | Weightage |
|---|---|
| GOVT STOCK | 30.06% |
| GOI Floating Rate Bond 2024 | 4.97% |
| 5.09% Govt Stock 2022 | 4.61% |
| Embassy Office Parks Reit | 2.77% |
| Motherson Sumi Systems Limited | 2.31% |
| State Bank of India | 1.99% |
| Muthoot Finance Limited | 1.96% |
| Vedanta Limited | 1.91% |
| SRF Limited | 1.9% |
| 7.33% Govt Stock 2031 | 1.78% |
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.
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Min amount: ₹100
Calculate Returns
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