ICICI Prudential Savings Fund Direct Growth
Debt
Direct
Low Duration
NAV as on 05-09-2024
₹ 516.62
Inception Returns
7.8%
/yr
About the Fund
ICICI Prudential Savings Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Rohan Maru, Manish Banthia. This fund is suitable to keep your money safe.
Key Parameters
- ICICI Prudential Savings Fund Direct Growth has ₹19193 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
ICICI Prudential Savings Fund Direct Growth has given a CAGR return of 7.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.81%, 6.24% and 6.60% respectively.
Holdings
ICICI Prudential Savings Fund Direct Growth has allocated its funds majorly in Corporate, Basic Materials, Utilities, Government, Cash Equivalent, Securitize. Its top holdings are 8.34% Govt Stock 2033, Punjab National Bank, HDFC Bank Limited, LIC Housing Finance Limited, 8% Govt Stock 2034
Taxation
As it is a low duration 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 Savings Fund Direct Growth
To generate income through investments in a range of debt and money market 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 100.00 and for SIP is INR 100.00. ICICI Prudential Savings Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.42% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹19193 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 101.21% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 19.7K Cr as of Jul'24
- AUM decreased by 825.5 Cr between Jul'24 and Jun'24
Top 3 Sectors in July were Basic Materials, Corporate & Utilities
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 8.34% Govt Stock 2033 | 7.16% | 0% | |
Punjab National Bank | 3.51% | 100% | |
HDFC Bank Limited | 3.39% | 0% | |
LIC Housing Finance Limited | 3.38% | 0% | |
8% Govt Stock 2034 | 2.45% | 0% |
Mutual Fund Insights
ICICI Prudential Savings Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.42%
Frequently Asked Questions
ICICI Prudential Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.58% | 0.58% |
6 Month Returns | 4.11% | 4.11% |
1 Year Returns | 7.81% | 7.81% |
3 Years Returns | 19.91% | 6.24% |
5 Years Returns | 37.65% | 6.6% |
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- 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 | 86.74 |
AA | 13.26 |