June 2, 2025
mayank
ICICI Prudential Constant Maturity Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 25.5185
NAV IDCW Yearly: Rs 11.7727
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India which will mature in 10 years or more. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The scheme seeks to generate income primarily by investing in portfolio of Government Securities while maintaining Macaulay duration of the portfolio around 10 years.
Fund Manager:
1) 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.
2) Raunak Surana
Education: Mr. Surana has done B.Com, CA and CFA
Experience: Prior to joining ICICI Pru Mutual Fund, he has worked with Patni & Co.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (RsS)1,000 | |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ICICI Prudential Constant Maturity Gilt Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 12-Sep-14 |
| Return Since Launch | 9.13% |
| Benchmark | CRISIL 10-Year Gilt |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 2,531 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.24% |
| (As on 31-May-2025) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of ICICI Prudential Constant Maturity Gilt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Constant Maturity Gilt Dir | 6.51 | -0.13 | 1.15 | 5.31 | 7.03 | 12.29 | 9.56 | 6.50 | 9.02 | 8.70 |
| CCIL All Sovereign Bond – TRI | 6.26 | -0.05 | 0.80 | 5.47 | 6.95 | 12.11 | 10.17 | 6.85 | 8.94 | 8.39 |
| Debt: Gilt with 10 year Constant Duration | 6.23 | -0.16 | 1.02 | 5.04 | 6.75 | 11.93 | 9.48 | 6.12 | 8.60 | 8.40 |
| Rank within category | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 2 | 2 |
| Number of funds in category | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 |
Peer Comparison of ICICI Prudential Constant Maturity Gilt Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| ICICI Pru Constant Maturity Gilt Dir | Unrated | 12.29 | 9.56 | 6.50 | 0.24 | 2,531 | 9.13 | — | 10Y 8M |
| SBI Magnum Constant Maturity Dir | Unrated | 11.90 | 9.52 | 6.36 | 0.31 | 1,886 | 9.08 | — | 12Y 5M |
| SBI Nifty 10Y Benchmark G-Sec ETF | Unrated | 11.81 | 9.40 | 5.33 | 0.14 | 3,219 | 6.60 | — | 8Y 11M |
| ICICI Pru Nifty 10 yr Benchmark G-Sec ETF | Unrated | 11.67 | — | — | 0.14 | 565 | 9.24 | — | 2Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 7 | 5 |
| Macaulay Duration (yrs) | 7.05 | 7.02 |
| Average Maturity (yrs) | 9.52 | 9.46 |
| Yield to Maturity (%) | 6.48 | 6.47 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Constant Maturity Gilt Fund
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