Debt
Direct
Floating Rate
NAV as on 04-09-2024
₹ 433.08
Inception Returns
8.3%
/yr
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.
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.
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
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.
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 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.
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 |
as on (04-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Government & Corporate
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% |
AAA | 78.63 |
AA | 21.37 |