ICICI Prudential Short Term
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Min amount: 1000
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|Fund Type||Short Duration|
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|TATA MOTORS FINANCE LIMITED||3.14%|
|Reliance Utilities And Power Private Limited||2.85%|
|SANSAR TRUST NOV 2018||2.64%|
|Axis Bank Limited||2.63%|
|Power Finance Corporation Ltd.||2.57%|
|NRSS XXIX TRANSMISSION LIMITED||2.51%|
|Reliance Ports And Terminals Limited||2.48%|
|Reliance Utilities And Power Private Limited||2.17%|
|Power Finance Corporation Ltd.||2.14%|
|PIPELINE INFRASTRUCTURE PRIVATE LIMITED||1.9%|
About ICICI Prudential Short Term Fund
The ICICI Prudential Short Term Fund is an open-ended, short-term debt scheme. It seeks to generate short-term income and capital appreciation by investing in debt securities and money market instruments of varying maturities.
Pros & Cons of ICICI Prudential Short Term Fund
- The scheme primarily invests in debt and money market instruments in a manner that the Macaulay Duration of the portfolio is between 1 and 3 years. 2. As on September 30, 2018, the scheme is ranked 3 under CRISIL’s Short Duration Fund category.
- Further, it has generated returns of 8.45% per year over the last 5 years (as on January 04, 2018).
Fund Information and Statistics of ICICI Prudential Short Term Fund
i) Inception / Launch date
The scheme was launched on 25 October 2001 by ICICI Prudential Mutual Fund.
ii) Risk level
The scheme is suitable for investors seeking short-term income generation and capital appreciation and invests in debt and money market securities carrying a moderate risk level.
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. Manish Banthia is the Fund Manager of the ICICI Prudential Short Term Fund since November 2009.
v) Entry / Exit load
There is no entry load in this scheme. The exit load structure is as follows: 1. If the units are redeemed within 7 days from the date of allotment of the said units, then the exit load = 0.25% of the applicable 2. If the units are redeemed after 7 days from the date of allotment of the said units, then the exit load = Nil
Tax benefits of investing in ICICI Prudential Short Term 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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Min amount: 1000
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