ICICI Prudential Floating Interest Fund Direct Plan Growth - Latest NAV ₹344.3898, Returns, Performance & Portfolio

ICICI Prudential Floating Interest Fund Direct Plan Growth

  • highlight
    8.79%
  • highlight
    344.3898

Min amount: ₹100

Calculate Returns

Rs. 100 invested monthly becomes Rs. 65,510 in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years8.79%
3 Years8.77%
1 Year9%
6 Months4.2%
Fund Details
ISININF109K01P57
RiskModerate Risk
Fund TypeFloating Rate
NAV344.3898
Exit Load--

More about this fundstar

Top HoldingsWeightage
GOVT STOCK14.37%
GOI Floating Rate Bond 20244.9%
5.09% Govt Stock 20224.75%
7.94% Govt Stock 20213.22%
Embassy Office Parks Reit2.7%
8.79% Govt Stock 20212.34%
Motherson Sumi Systems Limited2.28%
State Bank of India2.01%
Muthoot Finance Limited1.94%
SRF Limited1.87%

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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Frequently Asked Questions

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Min amount: ₹100

Calculate Returns

Rs. 100 invested monthly becomes Rs. 65,510 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