June 3, 2025
mayank
ICICI Prudential Floating Interest Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 461.8328
NAV IDCW Weekly: Rs 102.2756
Suitable For Which Investors?
“This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.
If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income through investing predominantly in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity.
Fund Manager:
1) Darshil Dedhia
Education: Mr. Dedhia has done CA and CFA.
Experience: He has been working with ICICI Prudential Mutual Fund since 2013.
2) Ritesh Lunawat
Education: Mr. Lunawat is B.Com and Chartered Accountant.
Experience: He has been Working with ICICI Prudential AMC Since September 2013.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ICICI Prudential Floating Interest Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.34% |
| Benchmark | NIFTY Low Duration Debt Index A-I |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 7,313 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.55% |
| (As on 31-May-2025) | |
| Risk Grade | Above Average |
| Return Grade | Above Average |
Trailing Returns (%) of ICICI Prudential Floating Interest Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Floating Interest Dir | 4.13 | 0.04 | 0.87 | 2.88 | 4.60 | 9.34 | 8.57 | 7.52 | 7.87 | 8.03 |
| CCIL T Bill Liquidity Weight | 2.37 | 0.02 | 0.46 | 1.50 | 2.65 | 5.17 | 4.49 | 3.49 | 3.72 | 3.94 |
| Debt: Floater | 4.66 | 0.04 | 0.93 | 3.50 | 5.11 | 9.79 | 8.21 | 7.04 | 7.57 | 7.62 |
| Rank within category | 10 | 8 | 9 | 10 | 10 | 9 | 3 | 1 | 2 | 1 |
| Number of funds in category | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 7 | 5 | 5 |
Peer Comparison of ICICI Prudential Floating Interest 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 Floating Interest Dir | 2 star | 9.34 | 8.57 | 7.52 | 0.55 | 7,313 | 8.34 | — | 12Y 5M |
| HDFC Floating Rate Debt Dir | 4 star | 9.50 | 8.25 | 7.17 | 0.26 | 15,015 | 7.97 | — | 12Y 5M |
| ABSL Floating Rate Dir | 5 star | 8.82 | 7.86 | 6.74 | 0.22 | 13,438 | 8.03 | — | 12Y 5M |
| UTI Floater Dir | 4 star | 8.45 | 7.42 | 6.29 | 0.41 | 1,395 | 7.02 | — | 6Y 7M |
| Nippon India Floating Rate Dir | 3 star | 10.03 | 8.15 | 7.13 | 0.35 | 7,731 | 8.08 | — | 12Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 83 | 58 |
| Macaulay Duration (yrs) | 1.26 | 2.70 |
| Average Maturity (yrs) | 4.13 | 5.76 |
| Yield to Maturity (%) | 7.50 | 7.08 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Floating Interest Fund
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