March 6, 2025
mayank
ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Open Date, Close Date?
NFO opens on March 10, 2025
NFO will close on March 18, 2025
Investment Strategy for this NFO?
The scheme seeks to track the CRISIL-IBX Financial Services 3-6 Months Debt Index, subject to tracking errors.
Basic Details
| Fund House | ICICI Prudential Mutual Fund |
| Issue Open | 10 March 2025 |
| Issue Close | 18 March 2025 |
| Type | Open-ended |
| Category | Debt: Ultra Short Duration |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Low to Moderate |
| Benchmark | CRISIL-IBX Financial Services 3 to 6 Months Debt |
About Benchmark Index for this NFO?
CRISIL-IBX Financial Services 3-6 Months Debt Index” is a constant maturity index that seeks to track the performance of Commercial Papers (CPs), Certificates of Deposit (CDs) & corporate bond securities maturing within 3 to 6 months from the date of inclusion in the index.
Inception date: 10-Dec-2024
Asset Allocation: 100% CPs, CDs & Bonds.
• The weights between asset classes (CPs, CDs and Bonds) are not fixed and could be different during various review periods based on the availability of securities in the market and may also drift due to price movements in the securities.
Index Duration: – The index will have securities maturing in the 3 to 6 months maturity at inception and securities will be reviewed on a set frequency to maintain the steady maturity profile of the index.
Index Construction:
| Parameter | Asset class 1 – CPs, CDs & Bonds |
| Eligibility criteria | • Issuers in the financial services sector with long term conservative rating of AAA with a minimum amount outstanding of Rs. 1500 crores and having securities (CPs, CDs & Bonds) with residual maturity of 3 to 6 months. |
| • Minimum security level amount outstanding of Rs. 100 crores. | |
| • Only listed issuers shall be included in the index. An issuer will be considered to be listed if at least one security (CPs or Bonds) of such issuer is listed as evaluated at the inception date of the index. CDs are not listed on the exchanges, and hence all CDs are considered eligible if they meet the remaining criteria. |
Fund Managers of ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
1) Darshil Dedhia
Education: Mr. Dedhia has done CA and CFA.
Experience: He has been working with ICICI Prudential Mutual Fund since 2013.
2) Nikhil Kabra
Education: Mr. Kabra is a B.Com and Chartered Accountant.
Experience: Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.
AMC
ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai – 400051
Website: http://www.icicipruamc.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
@ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of CRISIL-IBX Financial Services 3 to 6 Months Debt
Issuer selection at inception
• All issuers qualifying the eligibility criteria mentioned above will form a part of universe.
• Up to 20 traded issuers from the universe will be ranked and selected based on liquidity. If less than 8 issuers are available, then select remaining issuers (to bring the count to 8) based on the highest amount outstanding from the universe of outstanding securities as evaluated at the inception date of the index. If the number of issuers is still below 8, then all such eligible issuers with securities maturing in the 3 to 6 months residual maturity period will be shortlisted. Count of 8 issuers will be ensured by relaxing amount outstanding criteria first and then the residual maturity criteria i.e., highest amount outstanding issuers or highest residual maturity of issuers will be selected respectively from the outstanding data.
Security selection at inception
• For each selected issuer, the security (CPs/CDs/Bonds) with highest residual maturity maturing in the 3 to 6 months period will be selected from the eligible universe. The selected security must have a minimum amount outstanding of Rs. 100 crores.
No. of constituents:
(1) Maximum: 20
(2) Minimum: 8
Weighing approach:
1. Weights to the issuers will be divided equally as on the base date of the index subject to issuer cap and group cap. Since it’s a sectoral index sector caps are not applicable.
2. Issuers weights should not exceed 15% for AAA rated issuers. Group cap of 25% will be ensured.
3. When any issuer is excluded, the weight of that issuer will be redistributed proportionally amongst the rest of the issuers of the index, subject to issuer & group cap.
Study about Benchmark Index in details (Page 114 to 115)
index-linked-products-methodology
Note on Benchmark Performance:
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Darshil Dedhia
| Fund | ICICI Prudential Floating Interest Fund | It’s Benchmark | ICICI Prudential Liquid Fund | It’s Benchmark |
| 1 Year | 8.64 | 4.76 | 7.37 | 4.76 |
| 3 Year | 7.81 | 4.07 | 6.67 | 4.07 |
| 5 Year | 7.26 | 3.41 | 5.48 | 3.41 |
| 7 Year | 7.66 | 3.64 | 5.89 | 3.64 |
| 10 Year | 7.96 | 3.92 | 6.37 | 3.92 |
As on 5-3-2025
Past Performance of Nikhil Kabra
| Fund | ICICI Prudential Money Market Fund | It’s Benchmark | ICICI Prudential Short Term Fund | It’s Benchmark |
| 1 Year | 7.65 | 4.76 | 8.22 | 4.76 |
| 3 Year | 6.91 | 4.07 | 7.64 | 4.07 |
| 5 Year | 6.08 | 3.41 | 7.37 | 3.41 |
| 7 Year | 6.58 | 3.64 | 7.96 | 3.64 |
| 10 Year | 6.86 | 3.92 | 8.18 | 3.92 |
As on 5-3-2025
Note on Fund Managers’ performance
[ C ] Conclusion
X
Is it good to invest in ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt NFO?
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