ICICI Prudential Credit Risk Fund Direct Growth
Debt
Direct
Credit Risk
NAV as on 21-11-2024
₹ 33.06
1D
Inception Returns
8.9%
/yr
About ICICI Prudential Credit Risk Fund Direct Growth
ICICI Prudential Credit Risk Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Ritesh Lunawat, Manish Banthia. This fund is suitable to keep your money safe.
Key Parameters
- ICICI Prudential Credit Risk Fund Direct Growth has ₹6448 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
ICICI Prudential Credit Risk Fund Direct Growth has given a CAGR return of 8.90% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.34%, 7.51% and 8.13% respectively.
Holdings
ICICI Prudential Credit Risk Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Real Estate, Cash Equivalent, Government, Securitize. Its top holdings are 7.1% Govt Stock 2034, Embassy Office Parks Reit, Varroc Engineering Limited, Millennia Realtors Private Limited, Aadhar Housing Finance Ltd
Taxation
As it is a credit risk mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of ICICI Prudential Credit Risk Fund Direct Growth
To generate income through investing predominantly in AA and below rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Credit Risk Fund Direct Growth has no lock in period.
Historical NAV & Returns
ICICI Prudential Credit Risk Fund Direct Growth Overview
| Expense ratio | 0.76% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹6448 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 56.4% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   High Risk |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 6.4K Cr as of Oct'24
- AUM decreased by 81.3 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Corporate, Financial Services & Real Estate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bharat Highways InvIT Unit | 0.88% | 0% | |
 Altius Telecom Infrastructure Trust Unit | 0.46% | 0% |
Mutual Fund Insights
ICICI Prudential Credit Risk Fund Direct Growth Highlights
High Risk
About the fund
Fund Allocations
AUM size ₹6448 Cr
Expense Ratio 0.76%
Frequently Asked Questions for ICICI Prudential Credit Risk Fund Direct Growth
ICICI Prudential Credit Risk Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.44% | 0.44% |
6 Month Returns | 4.85% | 4.85% |
1 Year Returns | 9.34% | 9.34% |
3 Years Returns | 24.26% | 7.51% |
5 Years Returns | 47.81% | 8.13% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AA | 56.66 |
AAA | 30.28 |
A | 13.06 |