ICICI Prudential Floating Interest Fund Direct Growth
Debt
Direct
Floating Rate
NAV as on 04-09-2024
₹ 433.08
Inception Returns
8.3%
/yr
About the Fund
ICICI Prudential Floating Interest Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Rohan Maru. This fund is suitable to keep your money safe.
Key Parameters
- ICICI Prudential Floating Interest Fund Direct Growth has ₹8945 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
ICICI Prudential Floating Interest Fund Direct Growth has given a CAGR return of 8.31% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.58%, 6.71% and 7.47% respectively.
Holdings
ICICI Prudential Floating Interest Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Corporate, Cash Equivalent, Securitize. Its top holdings are 8.34% Govt Stock 2033, 8% Govt Stock 2034, LIC Housing Finance Limited, Muthoot Finance Limited, Bharti Telecom Limited
Taxation
As it is a floating rate 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 Floating Interest Fund Direct Growth
To generate income through investing predominantly in floating rate instruments 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 500.00 and for SIP is INR 100.00. ICICI Prudential Floating Interest Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.56% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹8945 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 35.6% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (04-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 9.1K Cr as of Jul'24
- AUM decreased by 421.5 Cr between Jul'24 and Jun'24
Top 3 Sectors in July were Financial Services, Government & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 8.34% Govt Stock 2033 | 41.7% | -5.1% | |
8% Govt Stock 2034 | 11% | 0% | |
LIC Housing Finance Limited | 4.08% | 0% | |
Muthoot Finance Limited | 2.8% | 0% | |
Bharti Telecom Limited | 2.25% | 0% |
Mutual Fund Insights
ICICI Prudential Floating Interest Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.56%
Frequently Asked Questions
ICICI Prudential Floating Interest Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 4.85% | 4.85% |
1 Year Returns | 8.58% | 8.58% |
3 Years Returns | 21.51% | 6.71% |
5 Years Returns | 43.34% | 7.47% |
- 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.
AAA | 78.63 |
AA | 21.37 |