ICICI Prudential Floating Interest Fund Direct Growth

ICICI Prudential Floating Interest Fund Direct Growth

NAV as on 28-03-2025

₹ 452.46

0.1%

1D

Inception Returns

8.3%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
168 people have invested ₹ 41.8L in ICICI Prudential Floating Interest Fund Direct Growth in the last three months

About ICICI Prudential Floating Interest Fund Direct Growth

ICICI Prudential Floating Interest Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Ritesh Lunawat. This fund is suitable to keep your money safe.

Key Parameters

  1. ICICI Prudential Floating Interest Fund Direct Growth has ₹7189 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

ICICI Prudential Floating Interest Fund Direct Growth has given a CAGR return of 8.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.62%, 7.92% and 7.46% respectively.

Holdings

ICICI Prudential Floating Interest Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are 7.93% Govt Stock 2033, 7.53% Govt Stock 2034, LIC Housing Finance Limited, National Bank For Agriculture And Rural Development, Oberoi Realty Ltd.

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
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.

ICICI Prudential Floating Interest Fund Direct Growth Overview

Expense ratio0.55%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹7189 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
35.6%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (28-Mar-25)

Period
ICICI Prudential Floating Interest Fund Direct Growth
Floating Rate Index
1M
0.8%
0.8%
3M
2.1%
1.9%
6M
4%
3.4%
1Y
8.6%
7.9%
3Y
7.9%
6.9%
5Y
7.5%
6.6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
67.2%

AA
32.8%

Sector Allocation

Feb'25

Jan'25

Dec'24

Corporate
52.7%
Government
43.2%
Cash Equivalent
4.1%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 7.2K Cr
₹ 7.5K Cr
₹ 7.8K Cr
  • AUM of the fund stands at 7.2K Cr as of Feb'25
  • AUM decreased by 265.3 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Mankind Pharma Ltd's allocation increased from 0.35% to 2%
Mankind Pharma Ltd's allocation increased from 0.35% to 2%
Bharti Telecom Limited's allocation increased from 0.65% to 1.36%
Bharti Telecom Limited's allocation increased from 0.65% to 1.36%
Small Industries Development Bank Of India's allocation increased from 0.31% to 0.64%
Small Industries Development Bank Of India's allocation increased from 0.31% to 0.64%
Top Stocks sold last month
LIC Housing Finance Limited's allocation decreased from 5.26 % to 4.7 %
LIC Housing Finance Limited's allocation decreased from 5.26 % to 4.7 %
Muthoot Finance Limited's allocation decreased from 5.26 % to 3.23 %
Muthoot Finance Limited's allocation decreased from 5.26 % to 3.23 %
Tata Housing Development Company Limited's allocation decreased from 5.26 % to 1.93 %
Tata Housing Development Company Limited's allocation decreased from 5.26 % to 1.93 %
Cash allocation has gone up from 3.9% to 4.1%
Cash allocation has gone up from 3.9% to 4.1%
Debt allocation has gone down from 95.7% to 95.5%
Debt allocation has gone down from 95.7% to 95.5%

Top 3 Sectors in February were Financial Services, Corporate & Government

Feb'25
Financial Services
100%
Corporate
53%
Government
43%
Jan'25
Financial Services
100%
Corporate
52%
Government
44%
  • Debt & Cash

Holdings
Weight%
1M Change
7.93% Govt Stock 2033
7.93% Govt Stock 2033
27.24%
-3%
7.53% Govt Stock 2034
7.53% Govt Stock 2034
7.65%
-23.8%
LIC Housing Finance Limited
LIC Housing Finance Limited
5.08%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.59%
17.9%
Oberoi Realty Ltd.
Oberoi Realty Ltd.
2.78%
0%
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Ritesh Lunawat
Ritesh Lunawat
Fund Manager of ICICI Prudential Floating Interest Fund Direct Growth, since 13 September 2024
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.37L Cr
as on 28-Feb-2025
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
In the last 5 years, this fund has outperformed all funds in its category.
Insights icon
In the last 3 years, this fund has outperformed all funds in its category.
Insights icon
Over the last 6 months, this fund has experienced a 19.8% drop in AUM moving from 8.96K Cr to 7.18K Cr.
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Over the last 1 year, this fund has decreased expense ratio by 9.8% moving from 0.61 to 0.55.
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In the last 1 year, DSP Floater Fund Direct Growth has given 9.23% return, outperforming this fund by 0.61%.

ICICI Prudential Floating Interest Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.3% since inception which is more than its category average return of 6.16%
AUM size ₹7189 Cr

AUM size ₹7189 Cr

This fund has AUM of ₹7189 Cr which is more than its category average of ₹ 4225 Cr
Expense Ratio 0.55%

Expense Ratio 0.55%

This fund has an expense ratio of 0.55% which is more than its category average expense ratio of 0.55%

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Frequently Asked Questions for ICICI Prudential Floating Interest Fund Direct Growth

The current NAV of ICICI Prudential Floating Interest Fund Direct Growth is ₹452.46 as on 28-Mar-2025.
Existing (Absolute + CAGR) as on 28-Mar-2025.
ICICI Prudential Floating Interest Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.79%
0.79%
6 Month Returns
4.02%
4.02%
1 Year Returns
8.62%
8.62%
3 Years Returns
25.7%
7.92%
5 Years Returns
43.31%
7.46%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.55% as on March 2025
₹7189 Cr as on March 2025
7.93% Govt Stock 2033(27.24%), 7.53% Govt Stock 2034(7.65%), LIC Housing Finance Limited(5.08%), National Bank For Agriculture And Rural Development(4.59%), Oberoi Realty Ltd.(2.78%) as on March 2025
Corporate(53.6%), Government(41.5%), Cash Equivalent(4.91%) as on March 2025
Yield to Maturity is 8.05 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 1.01 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
67.22
AA
32.78
Ritesh Lunawat is the fund manager of ICICI Prudential Floating Interest Fund Direct Growth
The Exit load of ICICI Prudential Floating Interest Fund Direct Growth is 0%