July 5, 2022
mayank
ICICI Prudential Constant Maturity Gilt Fund Guidance
NAV Growth : Rs 19.5890
NAV IDCW Yearly : Rs 10.4545
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 :
— Anuj Tagra
Education : Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies
Experience : Prior to joining ICICI Prudential AMC he has worked with Union Bank of India and Fidelity Investments.
— Rahul Goswami
Education : Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)
Experience : Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
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: | 12-Sep-14 |
| Return Since Launch: | 8.99% |
| Benchmark: | CRISIL 10-Year Gilt |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 493 Cr |
| (As on 31-May-2022) | |
| Expense: | 0.23% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
ICICI Prudential Constant Maturity Gilt 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 Constant Maturity Gilt Direct-G | -2.13 | 0.33 | 0.36 | 1.11 | -1.48 | -1.81 | 0.26 | 6.27 | 7.36 | 8.56 | — |
| CCIL All Sovereign Bond – TRI | -2.17 | 0.32 | 0.16 | 0.86 | -1.68 | -1.92 | 0.99 | 5.12 | 6.39 | 7.74 | — |
| Debt: Gilt with 10 year Constant Duration | -2.47 | 0.32 | 0.35 | 1.11 | -1.46 | -2.14 | -0.85 | 5.42 | 6.94 | 8.1 | — |
| Rank within category | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 3 | 1 | — |
| Number of funds in category | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 0 |
ICICI Prudential Constant Maturity Gilt Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Constant Maturity Gilt Fund | Unrated | Sep-14 | 0.26 | 6.27 | 7.36 | 0.23% | 493 |
| SBI Magnum Constant Maturity Fund | Unrated | Jan-13 | 0.61 | 5.43 | 7.38 | 0.33% | 1,142 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 1 | 6 | 1 | 1 |
| Modified Duration (yrs) | 6.69 | 7.11 | 6.6 | — |
| Average Maturity (yrs) | 9.51 | 10.11 | 9.18 | — |
| Yield to Maturity (%) | 7.38 | 7.38 | 6.3 | — |
| Avg Credit Rating | GOI/Cash | — | — | — |
ICICI Prudential Constant Maturity Gilt Fund Guidance by Chanakya :
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