ICICI Prudential Savings Fund Growth - Latest NAV, Returns, Performance & Portfolio

ICICI Prudential Savings

  • highlight8.29%
  • highlight0.13(0.04%)

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Min amount: 500

Calculate Returns

Rs. 0 invested monthly becomes Rs. 0 in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years8.35%
5 Years8.29%
3 Years7.76%
1 Year8.7%
6 Months4.62%
Fund Details
ISININF109K01746
RiskModerately Low risk
Fund TypeLow Duration
NAV371.134
Exit Load--

More about this fundstar

Top HoldingsWeightage
State Bank Of India5.54%
Rural Electrification Corporation Limited3.01%
LIC HOUSING FINANCE LIMITED2.36%
NATIONAL HOUSING BANK1.97%
Bharti Telecom Limited1.76%
BHARTI TELECOM LIMITED1.57%
Bharti Airtel Limited1.55%
NABHA POWER LIMITED1.31%
Bahadur Chand Investments Private Limited1.31%
Pantaloons Fashion & Retail Limited1.3%

About ICICI Prudential Savings Fund

The ICICI Prudential Savings Fund is an open-ended, low-duration debt scheme. It seeks to maximize short-term savings by investing in debt securities and money market instruments while maintaining an optimal balance between liquidity, safety, and yield.

Pros & Cons of ICICI Prudential Savings Fund

  1. The scheme primarily invests in debt and money market instruments in a manner that the Macaulay Duration of the portfolio is between 6 and 12 months.
  2. As on September 30, 2018, the scheme is ranked 3 under CRISIL’s Low Duration Fund category.
  3. Further, it has generated returns of 8.17% per year over the last 10 years (as on January 04, 2018).

Fund Information and Statistics of ICICI Prudential Savings Fund

i) Inception / Launch date

The scheme was launched on 27 September 2002 by ICICI Prudential Mutual Fund.

ii) Risk level

The scheme is suitable for investors seeking short-term savings and invests in debt and money market securities carrying a moderately-low risk level.

iii) Redemption

The minimum redemption amount is Rs. 500. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager

Mr. Rahul Goswami (since September 2012), and Mr. Rohan Maru (since September 2013) are the Fund Managers of the ICICI Prudential Savings Fund.

v) Entry / Exit load

There is no entry load or exit load in this scheme.

Tax benefits of investing in ICICI Prudential Savings Fund

The following taxes are applicable to income arising from investing in this scheme: 1. STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab. 2. LTCG component is taxed at 20% with indexation benefits.

About ICICI Mutual Fund

ICICI Prudential Balanced Advantage Fund is managed by ICICI Mutual Fund AMC, one of India’s largest Fund houses with a proven track record of delivering returns. The fund has been on the forefront of financial innovation leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt.

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Start your investment

Min amount: 500

Calculate Returns

Rs. 0 invested monthly becomes Rs. 0 in a period of 20 years
Need help?
Moderately Low 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