July 5, 2022
mayank
ICICI Prudential Bond Fund Guidance
NAV Growth : Rs 33.1597
NAV IDCW Quarterly : Rs 11.4530
Suitable For Which Investors ?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy :
The scheme seeks to generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity.
Fund Manager :
— Chandni Gupta
Education : She holds B.E. degree in IT and CFA degree from CFA Institute, USA.
Experience : Prior to joining ICICI Prudential Asset Management Company Limited she has worked with Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.
— Manish Banthia
Education : Mr. Banthia is B.Com, CA and MBA
Experience : He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC – Fixed Income Investments – Aug 2007 to Oct 2009, ICICI Prudential AMC – New Product Development – Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. – From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. – From May 2004 to May 2005.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 8.06% |
| Benchmark: | CRISIL Medium to Long Duration Fund AIII Index |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 2,596 Cr |
| (As on 31-May-2022) | |
| Expense: | 0.56% |
| (As on 31-May-2022) | |
| Risk Grade: | Average |
| Return Grade: | Above Average |
ICICI Prudential Bond Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Bond Direct-G | -0.17 | 0.24 | 0.51 | 0.95 | -0.1 | 0.09 | 2.17 | 6.89 | 6.74 | 7.7 | — |
| VR Bond | -0.07 | 0.17 | 0.12 | 0.57 | -0.29 | 0.03 | 2.21 | 4.1 | 5.14 | 6.01 | — |
| Debt: Medium to Long Duration | -0.42 | 0.19 | 0.36 | 0.79 | -1.22 | -0.24 | 2.66 | 5.91 | 5.74 | 7.04 | — |
| Rank within category | 4 | 4 | 2 | 9 | 3 | 4 | 6 | 2 | 2 | 5 | — |
| Number of funds in category | 19 | 28 | 28 | 28 | 27 | 19 | 15 | 14 | 14 | 14 | 0 |
ICICI Prudential Bond Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Bond Fund | 4 star | Jan-13 | 2.17 | 6.89 | 6.74 | 0.56% | 2,596 |
| SBI Magnum Income Fund | 5 star | Jan-13 | 2.36 | 7.65 | 7.19 | 0.80% | 1,618 |
| Kotak Bond Fund | 4 star | Jan-13 | 2.09 | 6.64 | 6.44 | 0.58% | 1,564 |
| Aditya Birla Sun Life Income Fund | 4 star | Jan-13 | 2.57 | 6.87 | 6.68 | 0.50% | 1,545 |
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund | Unrated | Mar-21 | 2.39 | — | — | 0.16% | 5,947 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 62 | 62 | 48 | 27 |
| Modified Duration (yrs) | 3.66 | 5.38 | 2.81 | — |
| Average Maturity (yrs) | 6.63 | 8.07 | 5.28 | — |
| Yield to Maturity (%) | 6.62 | 6.62 | 5.68 | — |
| Avg Credit Rating | AAA | — | — | — |
ICICI Prudential Bond Fund Guidance by Chanakya :
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